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Global Floating Offshore Wind Growth Opportunities
Government Support, Disruptive Technologies, and Optimized Supply Chains will Drive Cost Reduction and Floating Offshore Wind Deployments
04-Aug-2023
Global
Market Research
PE4C-01-00-00-00
TEMP_2023_56
Floating offshore wind technology holds the potential to unlock vast wind resources in deep waters not accessible by traditional fixed-bottom offshore wind farms. However, to further promote the adoption of large-scale floating offshore wind farms, several challenges must be addressed. These farms require significant upfront investments in research, development, and deployment, which can act as substantial entry barriers for many companies, particularly during the early stages of market development. To encourage technology growth, government incentives and support are required to reduce risks and uncertainties for investors and project developers. This Frost & Sullivan study provides a comprehensive understanding of the current state of the global floating offshore wind market and the potential for growth and development until 2030. This analysis will help stakeholders make informed decisions and develop strategies to capitalize on the opportunities presented by this emerging renewable energy sector.
Author: Swagath Navin Manohar
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global Floating Offshore Wind Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Key Findings
Scope of Analysis
Geographic Scope
Questions This Study will Answer
Floating Offshore Wind: An Introduction
Floating Offshore Wind Platforms: An Overview
Floating Offshore Wind Platforms: An Overview (continued)
Impact of Digital Technologies on Floating Offshore Wind Platforms
Impact of Digital Twins on Floating Offshore Wind Platforms
Floating Offshore Wind: Logistics Challenges
Floating Offshore Wind Farms: High-potential Regions
Floating Offshore Wind: Mergers, Collaborations, and Partnerships
Global Floating Offshore Wind Roadmap
Growth Drivers
Growth Restraints
Floating Offshore Wind: Key Trends
Disruptive Technologies to Enhance Efficiency, Reduce Costs, and Improve Viability
Decreasing Cost Economics
Energy Hubs to Optimize Floating Offshore Wind Farms
PPAs to Drive Floating Offshore Wind Capacity Deployments
Green Hydrogen Economy and eFuels
Oil and Gas Companies’ Investments in Floating Offshore Wind
Global Floating Offshore Wind Annual Capacity Additions Forecast
Global Floating Offshore Wind Cumulative Installed Capacity Forecast
Regional Floating Offshore Wind Annual Capacity Additions Forecast
Regional Floating Offshore Wind Cumulative Installed Capacity Forecast
Annual, Cumulative, and Regional Installed Capacity Forecast Discussion
Annual, Cumulative, and Regional Installed Capacity Forecast Discussion (continued)
Global Floating Offshore Wind, Regional Analysis
Global Floating Offshore Wind, Regional Analysis (continued)
Global Floating Offshore Wind, Regional Analysis (continued)
The United States
Spain
Italy
France
Portugal
Australia
Norway
Taiwan
Japan
South Korea
Vietnam
Stakeholders in the Floating Offshore Wind Landscape
Stakeholders in the Floating Offshore Wind Landscape (continued)
Floating Offshore Platform Developers
Key Floating Offshore Wind Platform Developers
Key Floating Offshore Wind Platform Developers (continued)
Key Floating Offshore Wind Platform Developers (continued)
Key Floating Offshore Wind Platform Developers (continued)
Key Floating Offshore Wind Platform Developers (continued)
Key Floating Offshore Wind Platform Developers (continued)
Floating Offshore Wind: Other Participants
Competitive Strategies for Companies
Growth Opportunity 1: Innovative Business Models
Growth Opportunity 1: Innovative Business Models (continued)
Growth Opportunity 2: Mergers/Collaborations/Partnerships across the Value Chain
Growth Opportunity 2: Mergers/Collaborations/Partnerships across the Value Chain (continued)
Growth Opportunity 3: Disruptive Technologies
Growth Opportunity 3: Disruptive Technologies (continued)
Growth Opportunity 4: Green Hydrogen
Growth Opportunity 4: Green Hydrogen (continued)
Growth Opportunity 5: Retired Offshore Oil and Gas Infrastructure
Growth Opportunity 5: Retired Offshore Oil and Gas Infrastructure (continued)
Growth Opportunity 6: Digital Technologies
Growth Opportunity 6: Digital Technologies (continued)
Growth Opportunity 7: Energy Hubs
Growth Opportunity 7: Energy Hubs (continued)
Growth Opportunity 8: eFuels
Growth Opportunity 8: eFuels (continued)
List of Exhibits
Legal Disclaimer
List of Figures
- Floating Offshore Wind: Growth Drivers, Global, 2023-2030
- Floating Offshore Wind: Growth Restraints, Global, 2023-2030
- Floating Offshore Wind: Levelized Cost, Global, 2022
- Floating Offshore Wind: Annual Capacity Forecast, Global, 2020-2030
- Floating Offshore Wind: Cumulative Installed Capacity Forecast, Global, 2020-2030
- Floating Offshore Wind: Annual Capacity Forecast, Regional, 2020-2030
- Floating Offshore Wind: Cumulative Installed Capacity Forecast, Regional, 2020-2030
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