The global market for Off-Shore Wind is estimated at US$34.9 Billion in 2023 and is projected to reach US$89.9 Billion by 2030, growing at a CAGR of 14.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the offshore wind market is driven by several factors. The increasing demand for clean and sustainable energy from both governments and consumers is pushing for greater investment in offshore wind projects. The commitment to reduce carbon emissions and transition to a low-carbon economy is another significant driver, with many countries setting ambitious renewable energy targets that include substantial contributions from offshore wind. Advances in turbine technology have led to more efficient and reliable systems, reducing the cost of energy production and making offshore wind more competitive with traditional energy sources.
Furthermore, the development of robust supply chains and the expansion of port infrastructure are facilitating the construction and maintenance of offshore wind farms. Financial innovations, such as green bonds and new investment models, are also attracting capital to the sector. Lastly, public awareness and support for renewable energy continue to grow, further bolstering the market for offshore wind.
The growth in the offshore wind market is driven by several factors. The increasing demand for clean and sustainable energy from both governments and consumers is pushing for greater investment in offshore wind projects. The commitment to reduce carbon emissions and transition to a low-carbon economy is another significant driver, with many countries setting ambitious renewable energy targets that include substantial contributions from offshore wind. Advances in turbine technology have led to more efficient and reliable systems, reducing the cost of energy production and making offshore wind more competitive with traditional energy sources.
Furthermore, the development of robust supply chains and the expansion of port infrastructure are facilitating the construction and maintenance of offshore wind farms. Financial innovations, such as green bonds and new investment models, are also attracting capital to the sector. Lastly, public awareness and support for renewable energy continue to grow, further bolstering the market for offshore wind.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Off-Shore Wind Turbine segment, which is expected to reach US$43.6 Billion by 2030 with a CAGR of a 15.4%. The Off-Shore Wind Substructure segment is also set to grow at 14.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $5.8 Billion in 2023, and China, forecasted to grow at an impressive 15.9% CAGR to reach $13.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Off-Shore Wind Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Off-Shore Wind Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Off-Shore Wind Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., Doosan Enerbility Co., Ltd., E.ON SE, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 62 Featured):
- ABB Ltd.
- Doosan Enerbility Co., Ltd.
- E.ON SE
- EEW GROUP
- Engie SA
- General Electric
- Ørsted 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.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- ABB Ltd.
- Doosan Enerbility Co., Ltd.
- E.ON SE
- EEW GROUP
- Engie SA
- General Electric
- Ørsted 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 298 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 34.9 Billion |
| Forecasted Market Value ( USD | $ 89.9 Billion |
| Compound Annual Growth Rate | 14.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
