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Innovation in Turbine Capacity and Regulations to Impel the APAC Offshore Wind Turbine Market Until 2025
Government Renewable Energy Plans will Propel Transformational Growth Across Asia-Pacific
11-Dec-2020
Asia Pacific
Market Research
PB30-01-00-00-00
EG02125-AP-MT_25032
The study outlines the general outlook for the offshore wind turbine market until 2025. The analyzes segments, how government plans and regulations drive the market, how geopolitical chaos restrain growth, how competitive intensity is dynamic and is both disrupted and driven by technology, including the transformative Mega Trends across the Asia-Pacific, and the country-level market trend. The study offers market size forecasts for each country, the country’s preferences and its challenges, and strategic information on what OEMs should invest in and develop.
The research has identified the following market drivers and restraints.
Market Drivers:
1. Government regulations and national project plans driving offshore wind turbine installations
2. Growing power demand pushing for offshore wind power supply
3. Adoption of power purchase agreements (PPAs) influencing power producers to choose renewable energy
4. Price drop in wind turbine prices powering demand
Market Restraints:
1. Low affordability and lack of strong supply chain slowing down market adoption
2. Slow adoption of clean energy resources in developing countries hindering offshore wind market growth
3. COVID-19 causing project installation delays
The research concludes that the biggest challenge to the market is the lack of commissioning projects in a timely manner. Asia-Pacific can lose projects valued hundreds of billions of dollars, regardless of the market drivers, trends, government plans, or market demands. Executing and commissioning projects have become a far more valuable aspect than mere planning and proposing projects.
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
Impact of the Top 3 Strategic Imperatives 8™ on the Offshore Wind Turbine Market
Growth Opportunities Fueling the Growth Pipeline Engine™
Offshore Wind Turbine Market—Scope of Analysis
Offshore Wind Turbine Market Segmentation
Key Competitors for Offshore Wind Turbine Market
Key Growth Metrics for Offshore Wind Turbine Market
Distribution Channels for Offshore Wind Turbine Market
Growth Drivers for Offshore Wind Turbine Market
Growth Driver Analysis for Offshore Wind Turbine Market
Growth Driver Analysis for Offshore Wind Turbine Market (continued)
Growth Driver Analysis for Offshore Wind Turbine Market (continued)
Growth Driver Analysis for Offshore Wind Turbine Market (continued)
Growth Driver Analysis for Offshore Wind Turbine Market (continued)
Growth Restraints for Offshore Wind Turbine Market
Growth Restraint Analysis for Offshore Wind Turbine Market
Growth Restraint Analysis for Offshore Wind Turbine Market (continued)
Growth Restraint Analysis for Offshore Wind Turbine Market (continued)
Forecast Assumptions, Offshore Wind Turbine Market
Forecast Assumptions, Offshore Wind Turbine Market (continued)
Revenue and Installed Capacity Forecast, Offshore Wind Turbine Market
Installed Capacity Forecast by Country, Offshore Wind Turbine Market
Revenue Forecast by Product Segment, Offshore Wind Turbine Market
Revenue Forecast by Country, Offshore Wind Turbine Market
Revenue Forecast Analysis, Offshore Wind Turbine Market
Revenue Forecast Analysis, Offshore Wind Turbine Market (continued)
Revenue Forecast Analysis, Offshore Wind Turbine Market (continued)
Revenue Forecast Analysis by Country, Offshore Wind Turbine Market
Pricing Trends and Forecast Analysis, Offshore Wind Turbine Market
Competitive Environment, Offshore Wind Turbine Market
Revenue Share, Offshore Wind Turbine Market
Revenue Share Analysis, Offshore Wind Turbine Market
Key Growth Metrics for Wind Turbines of Capacity Less Than or Equal to 3 MW
Revenue and Installed Capacity Forecast, Wind Turbines of Capacity Less Than or Equal to 3 MW
Revenue Forecast by Country, Wind Turbines of Capacity Less Than or Equal to 3 MW
Installed Capacity Forecast by Country, Wind Turbines of Capacity Less Than or Equal to 3 MW
Revenue and Installed Capacity Forecast Analysis, Wind Turbines of Capacity Less Than or Equal to 3 MW
Key Growth Metrics for Wind Turbines of Capacity More Than 3 MW
Revenue and Installed Capacity Forecast, Wind Turbines of Capacity More Than 3 MW
Revenue Forecast by Country, Wind Turbines of Capacity More Than 3 MW
Installed Capacity Forecast by Country, Wind Turbines of Capacity More Than 3 MW
Revenue and Installed Capacity Forecast Analysis, Wind Turbines of Capacity More Than 3 MW
Growth Opportunity 1: Mergers and Acquisitions between Strategic Competitors to Leverage Market Synergies, 2019
Growth Opportunity 1: Mergers and Acquisitions between Strategic Competitors to Leverage Market Synergies, 2019 (Continued)
Growth Opportunity 2: Investment in Technological Innovations to Cater to Growing Needs for Smart Wind Systems, 2019
Growth Opportunity 2: Investment in Technological Innovations to Cater to Growing Needs for Smart Wind Systems, 2019 (Continued)
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