To know the impact of COVID-19 On Offshore Wind Energy Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025 Market
Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027
Offshore wind energy is also known as offshore wind power and the wind energy is stored for the power generation by the use of turbines. The offshore wind energy plant is installed in water bodies as the power of wind is more as compared to onshore. The conventional plants have fixed bottom but in deep water areas the offshore plant is floating. The offshore wind farms are considered as the strongest and steadier as compared to onshore. But offshore wind farms required high maintenance cost and construction is also costly as compared to the on shore wind farms.
Offshore Wind Energy Market report is segmented on type, location and by regional & country level. Based upon Type, offshore wind energy market is segmented into Turbine, Substructure, Electrical Infrastructure, and Others. On the basis of location, the market is segmented into Transitional Water, Shallow Water, Deep Water, and Others.
The regions covered in this Offshore Wind Energy market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Offshore Wind Energy market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players –
Some major key players for Offshore Wind Energy market are MHI Vestas Offshore Wind, Sinovel Wind Group Co., Ltd, J.J Cole Collections, Adwen GmBH, Erndtebrücker Eisenwerk Gmbh & Co. Kg, A2SEA A/S, Siemens Gamesa Renewable Energy, S.A., Ming Yang Smart Energy Group Limited, Northland Power Inc., ABB Ltd., General Electric Company, Nexans, among others.
Increased use of renewable energy coupled with increase in Green house gas in the environment is the key factor which helps Offshore Wind Energy Market to grow.
There has been increase in population over the period of time which has increased the consumption of fossil fuels and natural resources. This in turn increases the emission of carbon dioxide and other gases which in turn increase the greenhouse gases. The increase in greenhouse gases in the atmosphere led to the depletion of ozone layer which is harmful for the human beings. To decrease the greenhouse effect there is an increase in the awareness among people which has increased the use of renewable energy. There has also been change in the environmental policies by the government to reduce the carbon foot print which is expected to contribute the growth of offshore wind energy. Moreover, technological advancement has been taking place as the awareness and use of wind energy increases which is expected to create ample opportunities in the offshore wind energy market. However, high cost of infrastructure and high capital requirement is expected to hinder the growth of offshore wind energy market over the forecast period.
Europe is expected to dominate the Offshore Wind Energy Market.
Europe is expected to dominate the offshore wind energy market over the forecast period owing to the presence of developed countries such as UK, Germany, France and others. The stringent government policies regarding environment protection and increased use of renewable sources of energy are expected to promote the growth of offshore wind energy market. North America is expected to closely follow the Europe in terms of market share due to the government policies and increased awareness about greenhouse gas effect. Asia Pacific is expected to develop significantly over the forecast period owing to the presence of developing economies such as India, China and others. Increasing awareness among people about global warming and various government initiatives to increase awareness about greenhouse gases and reduce the carbon footprint are expected to promote the growth of Asia Pacific market. Latin America, Middle East and Africa is expected to develop at a considerable rate owing to the lack of awareness and low per capita income.
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Market Segmentation –
- Electrical Infrastructure
- Transitional Water
- Shallow Water
- Deep Water
By Regional & Country Analysis:
- North America
- U. K.
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
Interested in this report?
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