Offshore Wind Energy Market Size, 2018-2023
The global wind energy market, each region has varied installed capacity of wind power for each year. In other words, these regions have some maximum output of wind power generated under ideal conditions on offshore setups. The offshore wind power’s electricity generation is higher per amount of capacity installed as compared to that of the onshore setups. This offshore installed capacity is expected to grow at a CAGR of XX% from the year 2018 to 2023.
The global wind energy market, each region has varied installed capacity of wind power for each year. In other words, these regions have some maximum output of wind power generated under ideal conditions on offshore setups. The offshore wind power’s electricity generation is higher per amount of capacity installed as compared to that of the onshore setups. This offshore installed capacity is expected to grow at a CAGR of XX% from the year 2018 to 2023.
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1 Research Scope & BIS Methodology<br />
1.1 Scope of the Report<br />
The report is a thorough study of the offshore wind energy market share and market size including the<br />
analysis by location and components. The offshore wind energy market by geography has also been<br />
extensively analyzed in this report including the market trends across the regions of the global market.<br />
Further, the market estimated in different sections of the report considered “<strong>2018</strong>-<strong>2023</strong>” as the forecast<br />
period.<br />
1.2 <strong>Offshore</strong> <strong>Wind</strong> <strong>Energy</strong> <strong>Market</strong> Research Methodology<br />
The research methodology design adopted for this specific study includes a mix of data collected from<br />
primary and secondary sources. The research exhaustively uses both primary sources (in-house experts,<br />
industry leaders and market players) and secondary sources (a host of paid and unpaid databases) along<br />
with analytical tools to build forecast and predictive models.<br />
Primary Data Sources<br />
The primary sources involve the industry experts from the offshore wind energy industry including the<br />
experts from offshore industry, and distributors among others. Primary resources such as CEOs, product<br />
managers, marketing directors, and technology directors, among others have been interviewed to obtain<br />
and verify both qualitative and quantitative aspects of this research study.<br />
The key data points taken From primary sources Include:<br />
• Validation and triangulation of all the numbers and graphs<br />
• Validation of reports segmentation and key qualitative findings<br />
• Understanding the competitive landscape<br />
• Validation of the numbers of the various segments of offshore wind energy market<br />
• Percentage split for geographical analysis<br />
The research includes interviews with participants throughout the value chain. An extensive questionnaire<br />
was shared to get insights from the experts who didn’t participate in discussions. In some cases where<br />
information was not available, Delphi method was used to arrive at mutual consent with BIS consultants.<br />
Secondary Data Sources<br />
The research study involves the usage of extensive secondary sources such as databases, company<br />
websites, and annual reports, among others. It also makes use of databases such as Hoovers, Bloomberg,<br />
Business-week, and Factiva to collect useful information for an extensive, market-oriented, and commercial<br />
study of the global market. Secondary research was done in order to obtain crucial information about the<br />
industry’s value chain, market’s monetary chain, total pool of key players, and the prevalent systems and<br />
function types. The following figure exhibits key secondary data sources considered:<br />
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