Growth Opportunities in the Global Offshore Wind Market

Growth Opportunities in the Global Offshore Wind Market

Remarkable Cost Reductions, Disruptive Technologies, and Efficient Supply Chain to Drive Offshore Wind Demand

RELEASE DATE
25-Nov-2022
REGION
Global
Deliverable Type
Market Research
Research Code: PD35-01-00-00-00
SKU: EG02286-GL-MT_27164
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Description

Our society's approach to producing, consuming, and distributing energy is changing due to mounting concerns about global warming and rising CO2 levels in the atmosphere. Governments worldwide are formulating regulatory frameworks, increasing their investments in low-carbon technologies to slow climate change, and decarbonizing their economies. An accelerated transition toward renewable energy sources and low-carbon technologies is crucial to our long-term survival.

In the last decade, the offshore wind sector has experienced significant growth. Numerous nations have recognized the potential of offshore in regions with high, regular winds and initiated the development of large-scale wind farm projects. Currently, offshore wind technology is one of the most rapidly increasing renewable energy source. This trend will continue, driven mainly by increased investments, technological advancements, and greater supply chain efficiency, which have drastically reduced CAPEX and OPEX across several regions and play a vital role in our transition to a carbon-neutral economy. In addition, increasing private and public spending on the construction and extension of utility-scale offshore wind projects and the continued exploration of viable sites for offshore wind projects will boost the industry's growth.

Significant developments continue to reshape the global offshore wind market and will play a crucial role in our transition toward a carbon-neutral economy. This study explores the global offshore wind market and its projected growth by 2030. It presents key drivers and restraints influencing the market and its development. It also highlights the key regions with the highest growth potential and offers a projected roadmap of growth in the offshore market globally and by regions till 2030.

Key Issues Addressed:

  • What is the global offshore wind energy market status in 2022, and what will be its size in 2030?

  • Which regions will show the highest growth potential as we advance? What are the main drivers and restraints influencing the global offshore wind market?

  • What are the different trends driving the global offshore wind market? What are the key markets in the offshore space?

  • Who are the key stakeholders in the offshore wind market value chain? Who are the major OEMs in the offshore space?

  • What are the different growth opportunities in the global offshore wind market?

Author: Swagath Navin Manohar

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on Offshore Wind

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Findings

Key Findings—Global Cumulative Installed Capacity

Key Findings—Regional Offshore Market

Scope of Analysis

Geographical Scope

Questions This Study will Answer

Path to Net Zero Emissions

Offshore Wind Increasing

Annual Capacity Additions—2022

Annual Capacity Additions—2022 (continued)

Cumulative Installed Capacity—2022

Cumulative Installed Capacity—2022 (continued)

Technological Innovations in Wind Energy Market

Key Offshore Wind Market Trends

Rotor Size and Turbine Capacity Continuing to Increase

Decreasing Cost Economics

Increasing Floating Offshore Wind Installations

Emerging New Markets

Increase of the Hydrogen Economy

Oil and Gas Companies are Investing in Offshore Wind

Growth Drivers

Growth Restraints

Annual Installed Capacity Additions Forecast

Cumulative Installed Capacity Forecast

Regional Annual Installed Capacity Additions Forecast

Regional Cumulative Installed Capacity Forecast

Annual, Cumulative, and Regional Installed Capacity Forecast Discussion

Annual, Cumulative, and Regional Installed Capacity Forecast Discussion (continued)

The US Offshore Wind Market

The UK Offshore Wind Market

Germany’s Offshore Wind Market

The Netherlands’ Offshore Wind Market

China’s Offshore Wind Market

Vietnam’s Offshore Wind Market

Taiwan’s Offshore Wind Market

Japan’s Offshore Wind Market

Offshore Wind Value Chain

Competitive Structure

Market Share of Main Players

Offshore Wind Ecosystem

Growth Opportunity 1: Shift toward Turbine-as-a-Service (TaaS)

Growth Opportunity 1: Shift toward Turbine-as-a-Service (TaaS) (continued)

Growth Opportunity 2: Deployment of Innovative Business Models

Growth Opportunity 2: Deployment of Innovative Business Models (continued)

Growth Opportunity 3: Mergers/Collaborations/Partnerships Across Value Chain

Growth Opportunity 3: Mergers/Collaborations/Partnerships Across Value Chain (continued)

Growth Opportunity 4: Emerging Technology to Drive Deep-water Offshore Installations

Growth Opportunity 4: Emerging Technology to Drive Deep-water Offshore Installations (continued)

Growth Opportunity 5: Blockchain

Growth Opportunity 5: Blockchain (continued)

Growth Opportunity 6: Green Hydrogen

Growth Opportunity 6: Green Hydrogen (continued)

Growth Opportunity 7: Retired Offshore Oil and Gas Infrastructure

Growth Opportunity 7: Retired Offshore Oil and Gas Infrastructure (continued)

Growth Opportunity 8: Digital Twins

Growth Opportunity 8: Digital Twins (continued)

Growth Opportunity 9: Multibrand Servicing

Growth Opportunity 9: Multibrand Servicing (continued)

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Our society's approach to producing, consuming, and distributing energy is changing due to mounting concerns about global warming and rising CO2 levels in the atmosphere. Governments worldwide are formulating regulatory frameworks, increasing their investments in low-carbon technologies to slow climate change, and decarbonizing their economies. An accelerated transition toward renewable energy sources and low-carbon technologies is crucial to our long-term survival. In the last decade, the offshore wind sector has experienced significant growth. Numerous nations have recognized the potential of offshore in regions with high, regular winds and initiated the development of large-scale wind farm projects. Currently, offshore wind technology is one of the most rapidly increasing renewable energy source. This trend will continue, driven mainly by increased investments, technological advancements, and greater supply chain efficiency, which have drastically reduced CAPEX and OPEX across several regions and play a vital role in our transition to a carbon-neutral economy. In addition, increasing private and public spending on the construction and extension of utility-scale offshore wind projects and the continued exploration of viable sites for offshore wind projects will boost the industry's growth. Significant developments continue to reshape the global offshore wind market and will play a crucial role in our transition toward a carbon-neutral economy. This study explores the global offshore wind market and its projected growth by 2030. It presents key drivers and restraints influencing the market and its development. It also highlights the key regions with the highest growth potential and offers a projected roadmap of growth in the offshore market globally and by regions till 2030.--BEGIN PROMO--

Key Issues Addressed:

  • What is the global offshore wind energy market status in 2022, and what will be its size in 2030

  • Which regions will show the highest growth potential as we advance What are the main drivers and restraints influencing the global offshore wind market

  • What are the different trends driving the global offshore wind market What are the key markets in the offshore space

  • Who are the key stakeholders in the offshore wind market value chain Who are the major OEMs in the offshore space

  • What are the different growth opportunities in the global offshore wind market

Author: Swagath Navin Manohar

More Information
Deliverable Type Market Research
Author Swagath Navin Manohar
Industries Energy
No Index No
Is Prebook No
Podcast No
WIP Number PD35-01-00-00-00