The latest market report published by Credence Research, Inc. “Europe Offshore Wind Energy Market, By Geography- Growth, Future Prospects and Competitive Analysis, 2016 – 2024,” the Europe offshore wind energy market was 13.4 GW in 2016, and is expected to reach 29.8 GW by 2024, expanding at a CAGR of 12.0% from 2016 to 2024.
The report includes forecast and analysis for the Europe Offshore Wind Energy market on a global and regional level. The research gives important data of 2016, 2017 and 2018 along with a projection from 2018 to 2026 based on revenue. The study covers drivers and limitations of the Europe Offshore Wind Energy market along with the impact they have on the trade over the forecast period. Additionally, the report covers the study of possibilities available in the Europe Offshore Wind Energy market on a global level.
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Europe offshore wind energy market is projected to witness robust growth owing to increasing investment in offshore wind energy projects. Rising energy demand and growing concerns over the emission of greenhouse gases is influencing the governments to promote the adoption renewable energy source such as wind and solar. Increasing investment in the offshore wind projects especially in Europe is anticipated to fuel the growth of offshore wind energy market. However, high cost of installation, delayed regulatory approvals and stringent labour laws are factors expected to restraint the growth of Europe offshore wind energy market during the forecast period (2016-2024).
U.K. was the largest market for offshore wind energy in 2015 among all European countries. Increasing investment in offshore wind energy projects from private sector coupled with favorable government policies such as Energy Act, 2013 and establishment of Offshore Wind Cost Reduction Task Force to achieve levelised costs of offshore wind to £100 per MW/h by 2020 represent high growth for the offshore wind energy market during the forecast period (2016-2024).
Germany is projected to be the fastest growing segment among all European countries during the forecast period. High number of approved and pipeline projects coupled with increasing investment from private sector in offshore wind energy is anticipated to fuel the growth of offshore wind energy in the region. The country is anticipated to witness addition of 4.5 GW capacity of installation offshore wind energy from under construction projects in next five years. Further, approval of new projects and pipeline projects is projected to expand the installation capacity to 9.4 GW by 2020. The country also holds second largest market share on terms of installation capacity in Europe. The country is projected to gain significant market share by 2023. Other regions such as Denmark and Netherlands are also anticipated to witness high growth during the forecast period (2016-2024).
Considering the competition:
The Europe offshore wind energy market is expected to witness a significant rise in investment in research and development with the focus to reduce installation cost of offshore wind installations. Further, market has witnessed strategic mergers and collaborations among Europe offshore wind energy regional and global players. Such growth strategies are focused on increasing their market penetration in consuming economies.
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.5. Approach Adopted
Wind Energy Market Dynamics
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Cost Tear down Analysis of Offshore Wind Energy Systems
3.4. Global Offshore Wind Energy Market Overview
3.5. Market Share Analysis of wind turbine OEM’s
3.6. Comparison of Europe Installed vs. Under construction wind projects by Country
3.9. Future Prospects
3.10. Impact Analysis of Drivers and Challenges
3.11. Porter’s Five Force Analysis
3.11.1. Bargaining Power Of Suppliers
3.11.2. Bargaining Power Of Buyers
3.11.3. Threat Of Substitutes
3.11.4. Threat Of New Entrants
3.11.5. Industry Rivalry
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5.1. Competitive Dashboard
5.2. Key Players
5.2.1. Dong Energy A/S
220.127.116.11. Business Description
18.104.22.168. Financial Information
22.214.171.124. Product Positions/Portfolio
126.96.36.199. Key Developments
188.8.131.52. SWOT Analysis
5.2.2. Siemens Wind Power
5.2.3. Goldwind Science and Technology Co., Ltd.
5.2.4. GE Wind Energy
5.2.5. Sinovel Wind Group Co., Ltd.
5.2.6. Gamesa Corporacion Tecnologica SA
5.2.7. Suzlon Group
5.2.8. Nordex SE
5.2.9. Vestas Wind Systems A/S
5.2.10. Other Notable Players
Reasons for Buying Europe Offshore Wind Energy market:
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
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