Offshore Wind Energy Market - China Has Set Aside Separate Targets for Offshore Wind Energy Projects

Offshore wind energy has numerous advantages over its onshore counterpart. Other than the fact that higher wind speeds may be harnessed in offshore environments, the sector is also less likely to run into controversies surrounding land acquisition, a problem which has been plaguing the onshore wind sector since its inception.


Albany, NY -- (SBWIRE) -- 08/10/2016 -- This research study has been designed to analyze and estimate the market for offshore wind energy globally both in terms of installed capacity (MW) and investments (USD Million). The global market for offshore wind energy has been segmented geographically into four regional segments and nine unique country segments. The regional segments include Europe, Asia Pacific, North America, and Europe. The nine countries which have been separately addressed in this report are the U.K, Germany, Denmark, Belgium, Sweden, the Netherlands, China, Japan, and the U.S. The market report features an in-depth geographic segmentation along with market growth forecasts for the 2014–2022 period. For this market study, 2013 has been taken as the base year, while all forecasts are for the 2014–2022 period.

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This report addresses the key market dynamics impacting the capacity additions for offshore wind energy globally. As a part of our market dynamics analysis, we separately consider and analyze market drivers, market restraints, and market opportunities. The report also provides a detailed analysis of the global offshore wind energy market with the help of Porter's Five Forces model. The Porter's Five Forces analysis aids in understanding the five major forces that affect the industry structure and also impacts capacity additions for offshore wind energy globally. The forces analyzed are the bargaining power of buyers, bargaining power of suppliers, threat from new entrants, threat from substitutes, and degree of competition. The report also includes a glimpse of the global offshore wind energy market value chain. The interaction and roles of various stakeholders ranging from component suppliers and turbine manufacturers to project developers and end-users have been elucidated in detail. The market attractiveness analysis involves benchmarking and ranking of each region on the basis of numerous parameters. The parameters selected are likely to have a pronounced effect on the capacity additions for the offshore wind energy in that region, both currently and in the near future.

Apart from this, the report features a highly detailed and granular analysis of costs of offshore wind turbines. The cost breakdown analysis is further supplemented with the cost reduction factors and an analysis on which factors would emerge as game changers for the offshore wind energy sector within the forecast period. The report also includes a broad overview of certain mergers, acquisitions, and other deals that have occurred in the sector and are likely to have a major impact on market dynamics in the future. Key participants in the offshore wind energy sector include Siemens Wind Power, Vestas Wind Systems A/S, Goldwind Science and Technology Co. Ltd., Gamesa Corporacion Tecnologica S.A., GE Wind Energy, Sinovel Wind Group Co. Ltd., Dong Energy A/S, Suzlon Group, Nordex SE, and China Ming Yang Wind Power Group Limited. This report provides an overview of these companies, followed by their financial revenues, business strategies, and recent developments.

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