Offshore Wind Energy Market Showcases Promising Growth during Forecast 2017-2025

Albany, USA, 2018-May-11 — /EPR Network/ —In order to study the various trends and patterns prevailing in the overall market for Offshore Wind Energy, Market Research Reports Search Engine (MRRSE) has included a new report titled “Offshore Wind Energy Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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Asia Pacific offshore wind energy market is fragmented as in nature. While the market exhibits the presence of several regional and international players, the leading market share was held by merely three companies. According to MRRSE, the three leading companies accounted for 31% of global offshore wind energy market in 2016. Almost every sector within the market exhibits considerable representation from both regional and international players. Some of these sectors are operations and maintenance services, installation and commissioning, supply of wind farm components and equipment, and project development and management services.

In order to strengthen their foothold, regional and local players alike invest in research and development activities. This is also intended to build high-capacity turbines and cost-effective products. It is important to note in this regard that foreign companies are considered excellent in terms of technological advancements. The prominent players in this market include Goldwind Science Technology Co., Ltd., GE Wind Energy, Suzlon Group, Dong Energy A/S, Vestas Wind Systems A/S, Nordex S.E., Gamesa Corporacion Technologica S.A., Siemens Wind Power, China Ming Yang Wind Power Group Ltd., and Sinowel Wind Group Co., Ltd.

This report by MRRSE has estimated that in 2017 the value of the Asia Pacific offshore wind power market was valued at US$8,960.8 mn in 2017 and is estimated to reach up to US$60,201.5 mn by 2025, with a health CAGR of 22.4% over the forecast period 2017-2025.

Among foundation types such as tripod, jacket, floating, monopole, and others, the others segment had a dominant share of 44.7% in the Asia Pacific offshore wind energy market in 2016. This others segment includes foundation types such as ground mounted foundations and high risk pile cap (HRPC). This report states that, geographically, China owns the leading share in the total market owing to the presence of some of the region’s leading players and large number of previously installed and planned offshore wind energy plants.

Offshore wind energy provides more benefits than existing onshore wind energy, which is expected to boost this market. Furthermore, factors such as high noise generation around onshore wind farms and complications related to land acquisitions are motivating industrial giants to adopt offshore wind energy over onshore wind energy. Moreover, feasibility of land, which is affected by the environmental conditions of land to construct onshore wind farms are channeling the market of onshore wind energy to offshore wind energy. These trends are expected to fuel the market for offshore energy for the forecast period.

Complete List of Tables and Figures @ https://www.mrrse.com/asia-pacific-offshore-wind-energy-market

Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, internet sources, statistical data from government websites and trade associations/agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources which were typically referred to include but are not limited to: company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, internal and external proprietary databases as well as relevant patent and regulatory database, national government documents, statistical databases, market reports, news articles, press releases, industry magazines, webcasts specific to companies operating in the market, Platt’s Global, IEA (International Energy Agency), Lloyds Register, International modules for STCW (Standards of Training, Certification and Watch-keeping), ICS (International Chamber of Shipping), MARPOL (Marine Pollution), UNCTAD (United Nations Conference on Trade and Development), U.S. Energy Information Administration (EIA), BP Statistical Review of the World (2014), IACS (International Association of Classification Societies) and regulatory databases such as ICIS, Hoover’s, oneSOURCE, Factiva and Bloomberg, national government documents, statistical databases, market reports, news articles, press releases, Global Wind Energy Council (GWEC), European Wind Energy Association (EWEA) and webcasts specific to companies operating in the marine fuel management market.

We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

Key major companies operating in the offshore wind energy market include and are not limited to Sinowel Wind Group Co., Ltd., Siemens Wind Power, Dong Energy A/S, Gamesa Corporacion Technologica S.A., Nordex S.E, Vestas Wind Systems A/S, Suzlon Group, China Ming Yang Wind Power Group Ltd., GE Wind Energy, and Goldwind Science Technology Co., Ltd.

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The Asia Pacific Offshore Wind Energy has been segmented as follows:

Asia Pacific Offshore Wind Energy Market: by Foundation Type Segmentation

  • Monopile
  • Jacket
  • Tripod
  • Floating
  • Others (which includes key stone twisted jackets)

Asia Pacific Offshore Wind Energy Market: by Country

  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific

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