DUBLIN, June 15, 2023 /PRNewswire/ -- The "Off-Shore Wind - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Off-Shore Wind Market to Reach $95.2 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Off-Shore Wind estimated at US$30.6 Billion in the year 2022, is projected to reach a revised size of US$95.2 Billion by 2030, growing at a CAGR of 15.2% over the analysis period 2022-2030. Turbine, one of the segments analyzed in the report, is projected to record a 16.5% CAGR and reach US$47.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Substructure segment is readjusted to a revised 15.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $4.6 Billion, While China is Forecast to Grow at 16.7% CAGR
The Off-Shore Wind market in the U.S. is estimated at US$4.6 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.3 Billion by the year 2030 trailing a CAGR of 16.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.6% and 15% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 15.1% CAGR.
Select Competitors (Total 56 Featured)-
- ABB Ltd.
- Doosan Enerbility Co., Ltd.
- E. ON SE
- EEW GROUP
- Engie SA
- General Electric
- Orsted A/S
- Shanghai Electric Wind Power Group Co., Ltd.
- Siemens Gamesa Renewable Energy SA
- Vestas Wind Systems A/S
- Xinjiang Goldwind Science & Technology Co., Ltd.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Urgent Need to Address Climate Change Provides the Foundation for the Rise of Renewable Energy
- Suffocating Spike in Emissions Shifts Focus on Renewables for Powering a Safer Future: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, 2020, 2021, 2022 & 2023
- Robust Focus on Renewables Sets the Stage for the Growth of Offshore Wind Energy: Global Clean Energy Investments (In US$ Billion) for Years 2017, 2019, 2021, and 2023
- Myriad Benefits Make Wind Energy the Most Attractive of All Renewable Energy Sources
- Global Economic Update
- Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
- War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
- Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
- Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
- Competition
- Off-Shore Wind - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Recent Market Activity
- Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Here's Why Offshore Wind Energy Shows Potential to Race Ahead of Onshore
- Developments in Wind Turbines & Allied Wind Farm Technologies Makes Offshore Wind Projects Easier to Deploy
- Drones for Inspection to Reduce Operating Costs of Offshore Wind Farms
- Falling Cost of Wind Energy to Step Up Investments in Offshore Wind Energy Projects
- Onshore Wind Remains Among the Cheapest Sources of New Bulk Power Generation: Global Levelised Cost of Electricity ($/MWh) by Energy Type As of the Year 2022
- Application of AI Across Wind Energy Witnesses a Surge
- Digital Fever Catches on in the Off Shore Wind Energy Sector
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/qljf91
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SOURCE Research and Markets
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