The Worldwide Offshore Wind Industry is Expected to Reach $60.8 Billion by 2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Offshore Wind Market Research Report by Component (Electrical Infrastructure, Substructure, and Turbine), Location, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) – Global Forecast to 2027 – Cumulative Impact of COVID-19” report has been added to ResearchAndMarkets.com’s offering.

The Global Offshore Wind Market size was estimated at USD 34.85 billion in 2021, USD 38.18 billion in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 9.72% to reach USD 60.84 billion by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Offshore Wind Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Offshore Wind Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Offshore Wind Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Offshore Wind Market?

4. What is the competitive strategic window for opportunities in the Global Offshore Wind Market?

5. What are the technology trends and regulatory frameworks in the Global Offshore Wind Market?

6. What is the market share of the leading vendors in the Global Offshore Wind Market?

7. What modes and strategic moves are considered suitable for entering the Global Offshore Wind Market?

Market Dynamics

Drivers

• Increasing demand for energy to meet the ever-growing population worldwide
• Surge in the use of renewable energy in power generation
• Favorable government initiatives to promote offshore wind energy

Restraints

• Capital intensive installation, maintenance, and logistics

Opportunities

• Augmenting focus on water conservation
• Increasing installation of high capacity offshore wind energy projects

Challenges

• Presence and accessibility of auxiliary electricity generation sources

Companies Mentioned

• Dong Energy A/S
• Doosan Heavy Industries And Construction Co., Ltd
• EEW Group
• ENERCON GmbH
• Engie SA
• Furukawa Electric Co. Ltd.
• General Electric Company
• GeoSea
• Goldwind Wind Energy GmbH
• Hitachi ABB Power Grids Ltd
• IMPSA, Enessere Srl
• LS Cable & System
• Mhi Vestas Offshore Wind A/S
• Ming Yang Smart Energy Group Co.
• Nexans S.A.
• Nordex SE
• Prysmian Group
• RTS Wind AG
• Siemens AG
• Sinovel Wind Group Co.
• Southwire Company, LLC
• Sumitomo Electric Industries, Ltd
• Suzlon energy Limited
• Orsted A/S

For more information about this report visit https://www.researchandmarkets.com/r/vdb2d9

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