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The latest market report issued 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 anticipated to stand 29.8 GW by 2024, growing at a CAGR of 12.0% from 2016 to 2024.Market Insights
Europe offshore wind energy market is forecasted to see robust growth owing to growing investment in offshore wind energy projects. Rising energy need and raising concerns over the emission of greenhouse gases is affecting the governments to promote the adoption of renewable energy source such as wind and solar. Growing investment in the offshore wind projects especially in Europe is expected to fuel the growth of offshore wind energy market. However, the high cost of installation, delayed regulatory approvals and stringent employment laws are factors expected to restraint the growth of Europe offshore wind energy market throughout the projection period (2016-2024).
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U.K. was the biggest market for offshore wind energy in 2015 among all European countries. Growing investment in offshore wind energy projects from private sector linked 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 shows high growth for the offshore wind energy market throughout the outlook period (2016-2024).
Germany is predicted to be the fastest rising segment among all European countries during the forecast period. The high number of passed and pipeline projects joined with increasing investment from private sector in offshore wind energy is expected to fuel the growth of offshore wind energy in the country. The country is supposed to witness the addition of 4.5 GW capacity of installation offshore wind energy from under construction projects in the next five years. Further, approval of new projects and pipeline projects is proposed to expand the installation size to 9.4 GW by 2020. The country also continues the second largest market share in terms of installation capacity in Europe. The country is predicted to obtain significant market share by 2023. Other regions such as Denmark and Netherlands are also expected to see high growth throughout the projection period (2016-2024).
Examining the competition, the Europe offshore wind energy market is supposed to see a notable 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.
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ToC:
3. Global Offshore 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
3.7. Drivers
3.8. Challenges
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
4. Europe Offshore Wind Energy Market Size (US$ Mn) (MW), By Geography, 2013 – 2024
4.1. Overview
4.1.1. Market Share Analysis by Geography, 2015 vs. 2024
4.1.2. Attractive Investment Proposition by Country
4.2. Europe Offshore Wind Energy Market Size (US$ Mn) (MW), By Country, 2013 – 2024
4.2.1. Germany
4.2.2. U.K.
4.2.3. Denmark
4.2.4. Belgium
4.2.5. Netherlands
4.2.6. Sweden
4.2.7. Rest of Europe
5. Company Profiles
5.1. Competitive Dashboard
5.2. Key Players
5.2.1. Dong Energy A/S
5.2.1.1. Business Description
5.2.1.2. Financial Information
5.2.1.3. Product Positions/Portfolio
5.2.1.4. Key Developments
5.2.1.5. 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
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Browse the full Report: https://www.credenceresearch.com/report/europe-offshore-wind-energy-market
List Of Table :
Table 01: Europe Offshore Wind Energy Market Revenue (US$ Mn) Forecast by Country, 2013-2024
Table 02: Europe Offshore Wind Energy Market Volume (MW) Forecast by Country, 2013-2024
Table 03: Dong Energy A/S: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 04: Siemens Wind Power: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 05: Goldwind Science and Technology Co., Ltd.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 06: GE Wind Energy: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 07: Sinovel Wind Group Co., Ltd.: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 08: Gamesa Corporacion Tecnologica SA: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 09: Suzlon Group: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 10: Nordex SE: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
Table 11: Vestas Wind Systems A/S: Company Snapshot (Business Description; Financial Performance Analysis; Product Portfolio; SWOT Analysis; Key Developments)
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Browse the full Report: https://www.credenceresearch.com/report/europe-offshore-wind-energy-market
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