Global Offshore Wind Turbines Market Outlook to 2027 - Drivers, Restraints, Opportunities & Threats -

The "Offshore Wind Turbines - Global Market Outlook (2019-2027)" report has been added to's offering.

The global offshore wind turbines market accounted for $37,841.09 million in 2019 and is expected to reach $82,303.13 million by 2027 growing at a CAGR of 10.2% during the forecast period.

Some of the key factors propelling market growth are introduction of climate change policies, efforts to reduce the use of fossil fuels, and investments in renewable energy sector. However, adoption of alternative clean energy souces is the restraining factor for the growth of the market.

Offshore wind turbines are set up in water bodies and are used for harvesting wind energy by. Due to the higher velocities of wind in offshore locations, these wind turbines ensure greater power delivery than their onshore counterparts.

By foundation type, the floating foundation segment is expected to grow at a significant market share during the forecast period because it can be installed and maintained at a relatively lower cost. On the basis of geography, Europe is anticipated to hold considerable market share during the forecast period due to the favourable government initiatives in the region.

Companies Mentioned

  • GE Wind Energy
  • Siemens Wind Power
  • Hitachi Ltd
  • Upwind Solutions Inc
  • Guodian United Power Technology Company Ltd
  • Vestas Wind Systems A/S
  • Senvion SA
  • Suzlon Group
  • Nordex S.E.
  • Gamesa Corporacion Technologica SA
  • Envision Energy Limited
  • Enercon GmbH
  • Xinjiang Goldwind Science & Technologies Co Ltd

What the report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company Profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Key Topics Covered:

1 Executive Summary

2 Preface

2.1 Abstract

2.2 Stake Holders

2.3 Research Scope

2.4 Research Methodology

2.4.1 Data Mining

2.4.2 Data Analysis

2.4.3 Data Validation

2.4.4 Research Approach

2.5 Research Sources

2.5.1 Primary Research Sources

2.5.2 Secondary Research Sources

2.5.3 Assumptions

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 Application Analysis

3.7 Emerging Markets

3.8 Impact of Covid-19

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Offshore Wind Turbines Market, By Capacity

5.1 Introduction

5.2 Upto 1 MW

5.3 1-3 MW

5.4 3-5 MW

5.5 Above 5 MW

6 Global Offshore Wind Turbines Market, By Foundation Type

6.1 Introduction

6.2 Floating Foundation

6.3 Fixed Foundation

6.3.1 Gravity Base

6.3.2 Monopile

6.3.3 Jacket

6.3.4 Tripod

7 Global Offshore Wind Turbines Market, By Application

7.1 Introduction

7.2 Deep Water

7.3 Shallow Water

7.4 Transient Water

8 Global Offshore Wind Turbines Market, By Geography

8.1 Introduction

8.2 North America

8.3 Europe

8.4 Asia Pacific

8.5 South America

8.6 Middle East & Africa

9 Key Developments

9.1 Agreements, Partnerships, Collaborations and Joint Ventures

9.2 Acquisitions & Mergers

9.3 New Product Launch

9.4 Expansions

9.5 Other Key Strategies

10 Company Profiling

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