Offshore Wind Turbine Market 2026, Government Support For Wind Energy Projects to Boost Growth - Technavio

NEW YORK, Sept. 13, 2022 /PRNewswire/ -- The Offshore Wind Turbine Market size is expected to grow by 54975 MT during 2021-2026, at a CAGR of 24% during the forecast period, according to Technavio. The government support for wind energy projects, decline in LCOE for wind power generation, and rise in offshore installations will offer immense growth opportunities. However, competition from alternative sources of energy, the high failure rate of wind turbine components, and the high investments required for offshore projects will challenge the growth of the market participants.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Free Sample Report.

Offshore Wind Turbine Market Segmentation

  • Substructures
    • Monopiles
    • Gravity Foundation
    • Others
  • Geography
    • EMEA
    • APAC
    • Americas

The monopoly segment's market share of offshore wind turbines will expand significantly. Due to its stability and a greater number of ongoing and planned lower-depth offshore projects, the monopiles substructure sector dominates the offshore wind turbine industry. The tower is supported by monopiles either directly or indirectly through a transition piece in the relatively straightforward monopile support structure. Buy Sample Report.

Offshore Wind Turbine Market Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our offshore wind turbine market report covers the following areas:

  • Offshore Wind Turbine Market size
  • Offshore Wind Turbine Market trends
  • Offshore Wind Turbine Market industry analysis

This study identifies the rise in offshore installations as one of the prime reasons driving the offshore wind turbine market growth during the next few years. Download Free Sample Report.

Offshore Wind Turbine Market Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the Offshore Wind Turbine Market, including some of the vendors such as vendors Backed with competitive intelligence and benchmarking, our research reports on the Offshore Wind Turbine Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

  • Eaton Corporation Plc
  • ENERCON GmbH
  • General Electric Co.
  • Hitachi Ltd.
  • Nordex SE
  • Senvion SA
  • Siemens AG
  • Suzlon Energy Ltd.
  • Vestas Wind System AS
  • Xinjiang Goldwind Science & Technology Co. Ltd.

Offshore Wind Turbine Market Key Highlights

  • CAGR of the market during the forecast period.
  • Detailed information on factors that will assist offshore wind turbine market growth during the next five years
  • Estimation of the offshore wind turbine market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the offshore wind turbine market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of offshore wind turbine market vendors

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Dual Fuel Generator Market by End-user and Geography - Forecast and Analysis 2022-2026: The dual fuel generator market share is expected to increase to USD 176.83 million from 2021 to 2026, at a CAGR of 4.1%.

Offshore Wind Turbine Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 24%

Market growth 2022-2026

54975 MT

Market structure

Fragmented

YoY growth (%)

19.04

Regional analysis

EMEA, APAC, and Americas

Performing market contribution

APAC at 53%

Key consumer countries

UK, Germany, China, Denmark, and Belgium

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Eaton Corporation Plc, ENERCON GmbH, General Electric Co., Hitachi Ltd., Nordex SE, Senvion SA, Siemens AG, Suzlon Energy Ltd., Vestas Wind System AS, and Xinjiang Goldwind Science & Technology Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio "Industrials" Research Reports

Table Of Contents :

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Substructures

  • Market segments
  • Comparison by Substructures
  • Monopiles - Market size and forecast 2019-2024
  • Gravity foundation - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Substructures

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • EMEA - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Americas - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption
  • Industry risks

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Eaton Corporation Plc
  • ENERCON GmbH
  • General Electric Co.
  • Hitachi Ltd.
  • Nordex SE
  • Senvion SA
  • Siemens AG
  • Suzlon Energy Ltd.
  • Vestas Wind System AS
  • Xinjiang Goldwind Science & Technology Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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