IMARC Group’s latest research report, titled “Offshore Wind Energy Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on global offshore wind energy Market Share.

The market reached a value of US$ 9.14 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 24.71 Billion by 2027, exhibiting a CAGR of 16.60% during 2022-2027. Offshore wind energy utilizes wind farms constructed off the shore or on the continental shelf to harvest wind energy for electricity generation. It includes inshore water areas, such as fjords, lakes, and sheltered coastal areas, which utilize conventional fixed bottom wind turbine technologies, and deepwater areas, which use floating wind turbines. Offshore wind energy generates more electricity per amount of capacity installed.

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Important Attribute and highlights of the Report:

  • Detailed analysis of the global market share
  • Market Segmentation by component, foundation type, capacity and location.
  • Historical, current, and projected size of the market in terms of volume and value
  • Latest industry trends and developments
  • Competitive Landscape for Offshore Wind Energy Market
  • Strategies of major players and product offerings

The global market is majorly driven by the increasing demand for renewable energy. In line with this, the growing awareness about green energy owing to factors such as the need to reduce carbon emissions, depletion of fossil fuels, and climatic change is positively influencing the market growth across the globe. Furthermore, numerous initiatives by governments and companies to reduce carbon emissions are catalyzing the market. Apart from this, several companies are pursuing offshore wind projects to build or bolster capabilities. Moreover, the growing utilization of offshore wind energy as an alternative fuel source for hydrogen electrolysis is propelling the market. Additionally, the rising demand for clean energy is creating a positive outlook for the market worldwide.

Key Players Included in Global Offshore Wind Energy Market Research Report:

  • E.ON SE
  • Électricité de France S.A.
  • Equinor ASA
  • General Electric Company
  • Nordex SE
  • Northland Power Inc.
  • Ørsted A/S
  • Siemens Gamesa Renewable Energy S.A. (Siemens Energy AG)
  • Suzlon Energy Limited
  • Vestas Wind Systems A/S
  • Xinjiang Goldwind Science & Technology Co. Ltd.

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COVID-19 Impact Overview:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Key Market Segmentation:

Breakup by Component:

  • Turbine
  • Substructure
  • Electrical Infrastructure
  • Others

Breakup by Foundation Type:

  • Fixed Foundation
  • Floating Foundation

Breakup by Capacity:

  • Less Than 5 MW
  • Greater than or Equal to 5 MW

Breakup by Location:

  • Shallow Water
  • Transitional Water
  • Deep Water

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

TOC for the Offshore Wind Energy Market Research Report:

  • Preface
  • Scope and Methodology
  • Executive Summary
  • Introduction
  • Global Offshore Wind Energy Market
  • SWOT Analysis
  • Value Chain Analysis
  • Price Analysis
  • Competitive Landscape

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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