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Offshore Wind Energy Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast by 2020-2026

Market Research Engine has published a new report titled as “Offshore Wind Energy Market Size by Depth (>30 ≤ 50 m, > 50 m, >0 ≤ 30 m), By Component (Electrical Infrastructure, Support Structure, Turbine), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2020-2026.”

Global Offshore Wind Energy market is expected to grow upto US$ 68 Billion by 2026, at CAGR of about 15.68% during the forecast period.

The global Offshore Wind Energy market is segregated on the basis of Depth as >30 ≤ 50 m, > 50 m, and >0 ≤ 30 m. Based on Component the global Offshore Wind Energy market is segmented in Electrical Infrastructure, Support Structure, Turbine, and Others.

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The surging electricity demand along side speedily increasing emission levels related with traditional power plants will propel the market development. Ongoing concentration toward the adoption of RE sources comprising of geothermal, wind, solar, and waste-to-energy has caused in offshore wind energy market development. Installation of offshore wind energy technologies are ahead important acceptance on a global scale due to its high-power generation capabilities. Condensed noise levels, no land achievement expenditure, and significant supply of wind resource when linked to onshore wind projects are few prominent factors fueling the market demand. Offshore wind energy technologies have attained significant traction exposed to high CUF and favorable regulatory policies completing the offshore wind energy market development. Policy makers on a global scale are intensifying efforts to successfully achieve the emission decrease targets as per the Paris agreement. Individual governments and market players are investing aggressively toward clean energy sources. This has fueled the industry development as demand for installation of high capacity offshore wind energy projects is expected to witness important momentum over the coming years.

The global Offshore Wind Energy market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Offshore Wind Energy market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Report Scope:

The global Offshore Wind Energy market report scope includes detailed study covering underlying factors influencing the industry trends.

The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Offshore Wind Energy market share. Major industry players with significant revenue share include Furukawa Electric Co. Ltd, IMPSA, EnessereSrl, MHI Vestas, United Company, General Electric, Prysmian Group, Nexans, Sumitomo Electric Industries, Ltd, Southwire Company, LLC, and others.

Reasons to Buy this Report:

  • Gain detailed insights on the Offshore Wind Energy industry trends
  • Find complete analysis on the market status
  • Identify the Offshore Wind Energy market opportunities and growth segments
  • Analyse competitive dynamics by evaluating business segments & product portfolios
  • Facilitate strategy planning and industry dynamics to enhance decision making

Competitive Rivalry

Furukawa Electric Co. Ltd, IMPSA, EnessereSrl, MHI Vestas, United Company, General Electric, Prysmian Group, Nexans, Sumitomo Electric Industries, Ltd, Southwire Company, LLC, and others are among the major players in the global Offshore Wind Energy market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

The Offshore Wind Energy Market has been segmented as below:

Offshore Wind Energy Market, By Depth

  • >30 ≤ 50 m
  • > 50 m
  • >0 ≤ 30 m

Offshore Wind Energy Market, By Component

  • Electrical Infrastructure
  • Wires & Cables
  • Substation
  • Others
  • Support Structure
  • Foundation
  • Monopile
  • Jacket
  • Others
  • Substructure
  • Turbine
  • Rating
  • ≤ 2 MW
  • >2≤ 5 MW
  • >5≤ 8 MW
  • >8≤10 MW
  • >10≤ 12 MW
  • 12 MW
  • Installation
  • Floating
  • Axis
  • HAWT
  • Up-wind
  • Down-wind
  • VAWT
  • Component
  • Blade
  • Tower
  • Others
  • Fixed
  • Axis
  • HAWT
  • Up-wind
  • Down-wind
  • VAWT
  • Component
  • Blade
  • Tower
  • Others
  • Others

Offshore Wind Energy Market, By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Offshore Wind Energy Market, By Company

  • Furukawa Electric Co. Ltd
  • EnessereSrl
  • MHI Vestas
  • United Company
  • General Electric
  • Prysmian Group
  • Nexans
  • Sumitomo Electric Industries, Ltd
  • Southwire Company, LLC

The report covers:

  • Global Offshore Wind Energy market sizes from 2020 to 2026, along with CAGR for 2020-2026
  • Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
  • Global Offshore Wind Energy market trends, covering comprehensive range of consumer trends & manufacturer trends
  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Offshore Wind Energy market
  • Major market opportunities and challenges in forecast timeframe to be focused
  • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
  • Comprehensive company profiles of the key industry players

Some of the recent developments in Offshore Wind Energy Market are as follows:

Furukawa Electric Co. Ltd

  • 10-2013: Furukawa Electric and VISCAS Corporation successfully developed and manufactured the special-high voltage riser cable which electrically connects, under the sea, a 2MW floating offshore wind turbine equipment and an offshore substation.
  • 06-2019: Award of contract for development of high voltage dynamic export submarine cable for floating offshore wind power plants.


  • 08-2018: The first two wind-powered generators of the machine was intended and manufactured at the facilities. They are achieving availability higher than 99.0%.

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Table of Contents:

  1. Introduction
    1.1 Key Insights
    1.2 Report Overview
    1.3 Markets Covered
    1.4 Stakeholders

    2. Research Methodology
    2.1 Research Scope
    2.2 Market Research Process
    2.3 Research Data Analysis
    2.4.1 Secondary Research
    2.4.2 Primary Research
    2.4.3 Models for Estimation
    2.5 Market Size Estimation
    2.5.1 Bottom-Up Approach – Segmental Market Analysis
    2.5.2 Top-Down Approach – Parent Market Analysis

    3. Executive Summary

  2. Market Overview
    4.1 Introduction
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.2.4 Challenges
    4.2 Porter’s Five Force Analysis

    5. Offshore Wind Energy Market, By Depth
    5.1 Introduction
    5.2 >30 ≤ 50 m
    5.2.1 Market Overview
    5.2.2 Market Size and Forecast
    5.3 > 50 m
    5.3.1 Market Overview
    5.3.2 Market Size and Forecast
    5.4 >0 ≤ 30 m
    5.4.1 Market Overview
    5.4.2 Market Size and Forecast

  3. Offshore Wind Energy Market, By Component
    6.1 Introduction
    6.2 Electrical Infrastructure
    6.2.1 Market Overview
    6.2.2 Market Size and Forecast
    6.3 Support Structure
    6.3.1 Market Overview
    6.3.2 Market Size and Forecast
    6.4 Turbine
    6.4.1 Market Overview
    6.4.2 Market Size and Forecast
    6.5 Others
    6.5.1 Market Overview
    6.5.2 Market Size and Forecast

    7. Offshore Wind Energy Market, By Geography
    7.1 Introduction
    7.2 North America
    7.2.1 North America Offshore Wind Energy, By Depth
    7.2.2 North America Offshore Wind Energy, By Component
    7.3 Europe
    7.3.1 Europe Offshore Wind Energy, By Depth
    7.3.2 Europe Offshore Wind Energy, By Component
    7.4 Asia-Pacific
    7.4.1 Asia-Pacific Offshore Wind Energy, By Depth
    7.4.2 Asia-Pacific Offshore Wind Energy, By Component
    7.5 Rest of the World
    7.5.1 Rest of the World Offshore Wind Energy, By Depth
    7.5.2 Rest of the World Offshore Wind Energy, By Component

    8. Competitive Insights
    8.1 Key Insights
    8.2 Company Market Share Analysis
    8.3 Strategic Outlook
    8.3.1 Mergers & Acquisitions
    8.3.2 New Product Development
    8.3.3 Portfolio/Production Capacity Expansions
    8.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
    8.3.5 Others

    9. Company Profiles
    9.1 Furukawa Electric Co. Ltd
    9.1.1 Company Overview
    9.1.2 Product/Service Landscape
    9.1.3 Financial Overview
    9.1.4 Recent Developments
    9.2 IMPSA
    9.2.1 Company Overview
    9.2.2 Product/Service Landscape
    9.2.3 Financial Overview
    9.2.4 Recent Developments
    9.3  EnessereSrl
    9.3.1 Company Overview
    9.3.2 Product/Service Landscape
    9.3.3 Financial Overview
    9.3.4 Recent Developments
    9.4 MHI Vestas
    9.4.1 Company Overview
    9.4.2 Product/Service Landscape
    9.4.3 Financial Overview
    9.4.4 Recent Developments
    9.5 United Company
    9.5.1 Company Overview
    9.5.2 Product/Service Landscape
    9.5.3 Financial Overview
    9.5.4 Recent Developments
    9.6 General Electric
    9.6.1 Company Overview
    9.6.2 Product/Service Landscape
    9.6.3 Financial Overview
    9.6.4 Recent Developments
    9.7 Prysmian Group
    9.7.1 Company Overview
    9.7.2 Product/Service Landscape
    9.7.3 Financial Overview
    9.7.4 Recent Developments
    9.8 Nexans
    9.8.1 Company Overview
    9.8.2 Product/Service Landscape
    9.8.3 Financial Overview
    9.8.4 Recent Developments
    9.9 Sumitomo Electric Industries, Ltd
    9.9.1 Company Overview
    9.9.2 Product/Service Landscape
    9.9.3 Financial Overview
    9.9.4 Recent Developments
    9.10 Southwire Company, LLC
    9.10.1 Company Overview
    9.10.2 Product/Service Landscape
    9.10.3 Financial Overview
    9.10.4 Recent Developments
    9.11 LS Cable & System
    9.11.1 Company Overview
    9.11.2 Product/Service Landscape
    9.11.3 Financial Overview
    9.11.4 Recent Developments
    9.12  Goldwind
    9.12.1 Company Overview
    9.12.2 Product/Service Landscape
    9.12.3 Financial Overview
    9.12.4 Recent Developments
    9.13 Siemens Gamesa Renewable Energy
    9.13.1 Company Overview
    9.13.2 Product/Service Landscape
    9.13.3 Financial Overview
    9.13.4 Recent Developments
    9.14  Nordex SE
    9.14.1 Company Overview
    9.14.2 Product/Service Landscape
    9.14.3 Financial Overview
    9.14.4 Recent Developments
    9.15 Suzlon Energy Limited
    9.15.1 Company Overview
    9.15.2 Product/Service Landscape
    9.15.3 Financial Overview
    9.15.4 Recent Developments
    9.16 WEG SA
    9.16.1 Company Overview
    9.16.2 Product/Service Landscape
    9.16.3 Financial Overview
    9.16.4 Recent Developments
    9.17 Global Energy Services
    9.17.1 Company Overview
    9.17.2 Product/Service Landscape
    9.17.3 Financial Overview
    9.17.4 Recent Developments
    9.18 RTS Wind AG
    9.18.1 Company Overview
    9.18.2 Product/Service Landscape
    9.18.3 Financial Overview
    9.18.4 Recent Developments
    9.19 Senvion Gmbh
    9.19.1 Company Overview
    9.19.2 Product/Service Landscape
    9.19.3 Financial Overview
    9.19.4 Recent Developments
    9.20 Envision Energy Limited
    9.20.1 Company Overview
    9.20.2 Product/Service Landscape
    9.20.3 Financial Overview
    9.20.4 Recent Developments


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