Offshore Wind Market Leading Players, Share Report on Economic Analysis | Forecast Up To 2023.

Global offshore wind market Research <strong>Report</strong>- Forecast to 2023 

<strong>Offshore</strong> <strong>Wind</strong> <strong>Market</strong> 

<strong>Leading</strong> <strong>Players</strong>, Size And 

Economic Analysis <strong>Report</strong> | 

Forecast Up To 2023. 

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Copyright © 2018 <strong>Market</strong> Research Future.


1 Summary 

<strong>Offshore</strong> <strong>Wind</strong>s are steady and have faster speeds resulting in higher & reliable energy generation. The 

growth in this sector is due to the increasing demand for clean and reliable energy to reduce the global 

carbon emissions, and to maintain ecological balance by generating electricity through renewable 

resources. However, high initial capital cost of projects with high maintenance cost and logistics issues, 

can hinder the offshore wind market. The high tidal winds & bad weather conditions making offshore wind 

farms difficult for access in the event of problem rectification and preventive maintenance, will restrain the 

global offshore wind market. 

Key <strong>Players</strong>: 

The key players of global offshore wind market are General Electric (U.S.), Siemens (Germany), Vestas 

<strong>Wind</strong> Systems A/S (Denmark), Senvion SA (Luxembourg), Doosan Heavy Industries & Construction Co., 

Ltd (Korea), Suzlon Group (India), Dong Energy A/S (Denmark), EEW Group (Germany), ENERCON 

GmbH (Germany) and Goldwind <strong>Wind</strong>energy GmbH (China). 

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2 <strong>Market</strong> Overview 

Global offshore wind market has very broad market in coming recent years. MRFR analysts have predicted 

that offshore wind industry is about to grow at a rapid pace. Moreover, the economic growth with emissions 

reduction have given the growth, a momentum. The global offshore wind market is poised to grow over 

USD 49,741.0 million by 2023 at an estimated CAGR of 11.12% through the forecast period. 

Geographically, Asia-Pacific is a major revenue generator to the global offshore wind market, where China, 

Japan and India are considered as the prominent countries owing to the demand for electricity, rapid 

urbanization and technological advancements. 

<strong>Market</strong> Research Analysis 

North-America region is expected to grow at the highest CAGR. 

The offshore wind market in the Europe region is currently leading and is followed by North-America 

and Asia-Pacific market. But it is expected that North-America will grow at the highest CAGR, owing to 

the approval of various offshore wind farm projects in countries such as U.S and Canada, where there has 

been a substantial investment towards the growth of non-conventional electricity generation. These 

factors will drive the market for offshore wind market in North American region during the forecast 

period. 

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3 Scope of the <strong>Report</strong> 

This study provides an overview of the global offshore wind market, tracking two market segments 

across four geographic regions. The report studies key players, providing a five-year annual trend 

analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) 

and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities 

for the next five years for each region. The scope of the study segments the global <strong>Offshore</strong> <strong>Wind</strong> market 

by its component type, by location and by region. 

By Component Type 

 

 

 

 

Turbine 

Substructure 

Electrical Infrastructure 

Others 

By Location 

 

 

 

Shallow Water (< 30m Depth) 

Transitional Water (30m – 60m Depth) 

Deep Water (> 60m Depth) 

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Offshore Wind Market Leading Players, Share Report on Economic Analysis | Forecast Up To 2023.

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