The increasing advantages of offshore wind energy over its onshore
counterpart is a major factor boosting the global offshore wind
energy market, states Transparency Market Research in its latest
report. The report, titled “Offshore Wind Energy Market - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 -
2022”, is available for sale on the company website. According to
the report, the global installed capacity in the offshore wind energy
market is poised to grow from 7,045.4 MW in 2013 to 52,120.9 MW in
2022, developing at a 25.0% CAGR during the forecast period. Annual
installations, on the other hand, are expected to rise from 1,629.4
MW in 2013 to 7,228 MW by 2022, at a 19.60% CAGR during the same
time-frame.
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On the basis of geography, the global offshore wind energy market is
divided into North America, Europe, Asia Pacific, and Rest of the
World. Europe is presently the largest market for offshore wind
energy since it is the only region that has made significant
investments in the field. This positive investment climate is
anticipated to continue through 2022, according to the report. In
2013, Europe reported 1,567 MW of new capacity additions in the
offshore wind energy market, which was a massive 34% greater than the
year prior to that. With the implementation of numerous favorable
initiatives such as the Electricity Market Reform Package and the new
Energy Act of 2013, the U.K. has emerged as the most prominent
offshore wind energy market in Europe. The construction of wind
turbines and manufacturing facilities in the country is supported by
the Associated British Ports, which also boosts the offshore wind
energy market in the U.K. However, a funding gap is threatening to
hold this market back owing to the difference between planned
capacity additions and available subsidies.
Germany is also a strong market for offshore wind energy and holds
30% of the consented European offshore wind farms. An inherent
locational advantage and stronger port infrastructure makes Germany a
leading contender in the European market and the report indicates 9
GW of new capacity in the pipeline.Asia Pacific is the next largest
market for offshore wind energy; however, China is currently the only
country with a separate target allotment when it comes to offshore
wind energy installations.
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The most prominent players operating at a global and domestic level
in the global offshore wind energy market include Sinovel Wind Group
Co. Ltd., Siemens Wind Power, Dong Energy A/S, Gamesa Corporacion
Tecnologica S.A., Nordex SE, Vestas Wind Systems A/S, Suzlon Group,
China Ming Yang Wind Power Group Limited, GE Wind Energy, and
Goldwind Science and Technology Co. Ltd.Each of these companies is
profiled in the offshore wind energy market research report on the
basis of attributes such as company overview, financial standing,
business strategy, product portfolio, and recent developments.
Offshore
Wind Energy Market: Regional Analysis
North
America
- U.S.
- Rest of North America
Europe
- U.K
- Germany
- Denmark
- Belgium
- Sweden
- Netherlands
- Rest of Europe
Asia
Pacific
- China
- Japan
- Rest of Asia Pacific
Rest
of the World
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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