13 September 2016
Visiongain’s new 279-page report The Offshore Wind Power Market 2016-2026: CAPEX on Turbines, Foundations & Installation, and Capacity & Project Data indicates that the offshore wind market will see capital expenditure (CAPEX) of $21,610m in 2016.
The lead analyst of the report said: “With the costs of the key components of the offshore wind industry declining, a need to replace existing capacity with low emissions sources, increasing turbine sizes and innovative new foundation designs, the potential for offshore wind is attracting more investment than ever before. Offshore wind presents an attractive option to meet climate change commitments in an increasingly competitive manner.
The global offshore wind market has entered into a period of unprecedented growth, driven by climate change commitments and a need to replace existing power capacity, as well as technological advances in the size of turbines and foundation designs. The rate of growth is expected to continue throughout the forecast period as Europe continues its support for offshore wind in the shallow North Sea and Baltic Sea and the market spreads to the Americas and East Asia.”
The report contains 196 tables, charts and graphs that add visual analysis in order to explain developing trends within the offshore wind market. Visiongain provides annual CAPEX forecasts and analysis for the period 2016-2026 for the global market, as well as a CAPEX for the three main components (foundations, turbines and installation services). The report also includes market forecasts and analysis for three regional markets (the Americas, Asia and Europe) and 10 leading national markets (Belgium, China, Denmark, Finland, Germany, Japan, the Netherlands, South Korea, UK, USA).
A companies’ chapter provides detailed analysis and outlooks for the leading five offshore wind owners and the five leading turbine manufacturers. The transcripts of exclusive interviews with Markus Rieck from GE Renewable Energy, Catrin Jung-Draschil from Vattenfall, Matt Whitby from MHI Vestas, Ruben Dijkstra from Eneco and Simon Gray from EEEGR provide expert insight alongside visiongain’s forecasts and analysis.
The Offshore Wind Market 2016-2026 report will be of value to existing and potential stakeholders and investors in the offshore wind industry. It will be useful for anyone seeking an understanding of key market dynamics, the outlook of different national markets and subsectors, as well as insight into patterns of innovation and deployment.
Notes for Editors
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