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19.09.2019 11:30
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Offshore Wind Energy Market to Register 17% Growth to 2024: Global Market Insights, Inc.

SELBYVILLE, Delaware, Sept. 19, 2019 /PRNewswire/ --The U.S. offshore wind energy market is anticipated to expand at over 1 GW by 2024. Discovery of new potential sites coupled with significant investment to scale up offshore supply chain will drive the industry landscape.

Europe's offshore wind energy market will witness growth on account of favorable government regulations, decarbonization reforms and energy security initiatives. Increasing investments by leading companies to explore the offshore potential will further drive the industry landscape.

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0 – 30 m water depth, offshore wind energy market is anticipated to grow over 14% by 2024. Increasing usage of monopile and tripod type foundations in the shallow water regions along with superior transmission and grid connectivity opportunities will enhance the construction of offshore farms in 0 - 30m water depth sections.

Fixed installation, in 2017 accounted for majority of the offshore wind energy industry share owing to improvement in seabed characterization and advanced project design software. In addition, implementation of LiDAR technology will help in reduction of turbine installation costs, which in turn will further complement the business outlook.

Offshore wind energy market from turbine is anticipated to expand over 17% by 2024. These units account for a large portion of the total project cost which play a pivotal towards plant performance and feasibility. In addition, continuous developments in turbine size for offshore installations, new blade designs, emerging turbine assembly concepts and innovative drive trains are some of the key factors strengthening the product demand.

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< 100 kW offshore wind energy market is predicted to surpass annual installation of 500 MW by 2024. Continuous development of co-generation units to support energy and heat utilization across small commercial, industrial and off-grid networks will boost the product adoption. Ongoing technological advancements for improvement of re generation units to sustain low energy requirements will further stimulate the product penetration.

Notable industry players across the offshore wind energy market include Enercon, Vestas, GE, Nordex Acciona, Siemens Gamesa, Senvion, MHI-Vestas, Goldwind, United Power, Envision Energy, Suzlon, Mingyang, Wobben, WEG SA, Impsa, Clipper, Bergey, LM, Enessere, Northern Power Systems, RTS, Global Energy Services, Availon, Prysmian, General Cable, Furukawa Electric, Southwire, Nexans, LS Cable, and Sumitomo.

Browse key industry insights spread across 800 pages with 5798 market data tables & 9 figures & charts from the report, "Offshore Wind Energy Market By Component (Turbine {Rating (< 100 kW, 100 kW to 250 kW, > 250 kW to 500 kW, > 500 kW to 1 MW, 1 MW to 2 MW, > 2 MW), Installation (Floating {Axis {Horizontal (HAWTs) [Up-wind, Down-wind], Vertical (VAWTs)}, Structure {Rotor Module, Nacelle Module, Tower Module}}, Fixed {Axis {Horizontal (HAWTs) [Up-wind, Down-wind], Vertical (VAWTs)}, Structure {Rotor Module, Nacelle Module, Tower Module}}}), Support Structure (Substructure (Steel), Foundation {Monopile, Jacket}), Electrical Infrastructure (Wires & Cables, Substation)), Depth (0 – 30 m, 30 – 50 m, > 50 m), , Regional Outlook, Competitive Market Share & Forecast 2024" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/offshore-wind-energy-market

Table of Contents (ToC) of the report:

Chapter 3.  Offshore Wind Energy Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024 (USD Million)

3.3. Industry ecosystem analysis

3.4. Innovation & technology landscape

3.5. Regulatory landscape

3.6. Electricity markets and ownership structures (2017)

3.7. Global energy investment scenario (2017)

3.8. Global trends in renewable energy investment 2017 (USD Billion)

3.9. New renewable energy investment, by economy

3.10. Major wind energy project landscape, 2017 to 2024

3.11. Global solar and wind cost reduction potential, 2024

3.12. Renewable power generation and capacity as a share of global power, 2007 - 17 (%)

3.13. Major companies in the NEX index, by market capitalization (USD Billion)

3.14. LCOE trend, 2009 to 2017 (USD/MWh)

3.15. Key customer requirements

3.16. Customer group requirements

3.17. Key barrier

3.18. Price trend analysis

3.19. Primary energy demand outlook 2040, by region

3.20. Primary energy demand outlook 2040, by fuel

3.21. Operation & maintenance landscape (Wind turbine)

3.22. Comparative analysis

3.23. Industry impact forces

3.24. Growth potential analysis

3.25. Porter's analysis

3.26. Competitive landscape, 2017

3.27. PESTEL analysis

Browse Complete Table of Contents (ToC) @

https://www.gminsights.com/toc/detail/offshore-wind-energy-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: +1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

 

Cision View original content:http://www.prnewswire.com/news-releases/offshore-wind-energy-market-to-register-17-growth-to-2024-global-market-insights-inc-300921503.html

SOURCE Global Market Insights, Inc.

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