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電力基礎設施

市場調查報告書

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1634259

全球離岸變電站市場 - 2024 - 2032

Global Offshore Substation Market - 2024 - 2032

出版日期: 2025年01月13日 | 出版商:

DataM Intelligence | 英文 176 Pages | 商品交期: 最快1-2個工作天內

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簡介目錄

2024年，全球海上變電站市場規模達到69.3億美元，預計2032年將達到109.6億美元，2024-2032年預測期間複合年成長率為5.9%。

全球離岸變電站市場與再生能源基礎設施相關，使離岸風電場產生的電力能夠有效傳輸到陸上電網。鑑於各國政府推動淨零排放，海上變電站的需求正在增加，全球風能理事會（GWEC）估計，到 2023 年，離岸風電裝置容量將達到約 75 吉瓦，預計將超過 200 吉瓦每兩年繪製一次到2030 年的GW。該開發案是吸引先進變電站投資的一條途徑。

歐盟的再生能源指令和美國的通貨膨脹削減法案等政策進一步推動了市場的發展。海上變電站的建設受到技術創新和替代能源日益成長的目標的影響。模組化和浮動設計的使用對於深水來說具有成本效益和空間效率，正在獲得動力。《2023年全球離岸風電報告》記錄了儲能整合混合變電站安裝量的增加，從而提高了電網穩定性。數位化趨勢表明，智慧變電站可以實現即時和預測性維護。

亞太地區的海上變電站市場正在經歷快速成長，這主要得益於對再生能源的投資。全球風能理事會 (GWEC) 估計，2024 年至 2030 年期間，亞太地區預計將佔全球新增風電計畫的 61%。截至2023年底，它已佔全球風電裝置總量的一半以上（51%）。政府舉措，包括日本到 2030 年實現 10 吉瓦離岸風電路線圖和韓國綠色新政，都強調海上基礎設施。這些發展激發了該地區對高容量、技術先進的變電站的需求，使亞太地區成為重要的成長貢獻者。

動力學

不斷成長的雄心勃勃的可再生能源目標

鑑於全球政府對再生能源目標日益雄心勃勃，可以合理地假設海上變電站市場將受到刺激。事實上，歐盟再生能源指令將要求成員國在2030年達到42.5%的再生能源佔有率。他們的海上變電站將在電網併網和電力傳輸中發揮關鍵作用。

美國能源部(DOE) 的目標是到2030 年實現30 吉瓦，並制定到2050 年實現110 吉瓦或更多的路線圖。上投資約120 億美元美國清潔能源協會（ACPA）。同樣，英國能源安全戰略 (BESS) 於 2022 年 4 月初制定了一個雄心勃勃的目標，即到 2030 年生產 50 吉瓦的離岸風電，其中包括 5 吉瓦的創新浮動技術。

也可以部署在較深水域的浮動離岸風電場正在蓄勢待發。在這種情況下，他們需要新穎的變電站設計，特別是浮動變電站，以最佳化營運效率。挪威浮動式離岸風電策略的目標是到2040 年實現30 吉瓦的裝置容量，下一代變電站解決方案的市場正在迅速擴大。風電一體化的組成部分。隨著開發商優先考慮可靠性和效率，包括高壓直流 (HVDC) 系統在內的變電站技術正在獲得越來越多的投資。

數位化和智慧變電站的興起

海上變電站開發市場受到變電站設計和營運持續技術進步的顯著影響。具有即時監控和先進通訊系統的數位化和智慧變電站改變了現代營運效率。據國際電工委員會 (IEC) 稱，數位化變電站更加可靠，營運成本可降低高達 30%。為了最佳化成本並加快安裝，模組化變電站在交付到現場之前會進行預組裝和預測試。此外，國際原子能總署 (IAEA) 已證明，模組化設計可以縮短部署時間，使其成為快速能源計畫的理想選擇。

另一個突破是浮動變電站的開發，它支援位於更深水域的離岸風電場。挪威和日本正在率先部署浮動變電站，以利用更深的離岸風電潛力。此外，高壓直流輸電技術因其長距離有效傳輸電力的能力而受到關注。包含高壓直流輸電系統的變電站擴大用於大型離岸風電專案。全球風能理事會報告稱，到 2023 年，該產業將 11 GW 的離岸風電併入電網，這意味著全球年增 24%。

初始投資成本高

儘管成長前景顯著，但高昂的初始投資成本仍是海上變電站市場的主要限制因素。海上變電站的建設涉及大量資本支出，包括先進設備、水下佈線和惡劣海洋環境中的安裝。根據國際再生能源機構 (IRENA) 的數據，建造海上變電站的平均成本為每兆瓦容量 20-30 萬美元。對於新興市場來說，財務負擔尤其具有挑戰性，因為這些市場開發商獲得資金的管道往往有限。世界銀行報告稱，融資限制推遲了非洲和東南亞等地區的離岸風電項目，阻礙了變電站市場的成長。

此外，海上變電站設計和安裝的複雜性也導致成本上升。位於較深水域或環境條件惡劣地區的專案需要專門的設備和專業知識，這進一步增加了成本。例如，浮動變電站雖然具有創新性，但由於使用先進的材料和技術，初始成本較高。電網整合的挑戰也增加了財務負擔。在海上變電站和陸上電網之間建立連接需要大量的基礎設施投資。歐盟委員會的《風能事實》強調，電網整合成本佔計畫總支出的比例高達10%。

The global offshore substation market relates to the renewable energy infrastructure, making it possible for the power produced by offshore wind farms to be efficiently transmitted to an onshore electrical grid. Offshore substations are increasing their demand in light of governments pushing for achieving net-zero emissions, as it is estimated from Global Wind Energy Council (GWEC) that the installed offshore wind capacity reached around 75 GW by 2023, with projections to be more than 200 GWs by 2030 biennially plotted. The development is an avenue attracting investments in advanced substations.

Market developments further drive through policies such as the Renewable Energy Directive addressed within the European Union and the Inflation Reduction Act in the United States. The construction of offshore substation is influenced by technological innovations and the increasing goals for alternative energy. It is the use of modular and floating designs that are cost and space-efficient for deep waters that are gaining momentum. The Global Offshore Wind Report 2023 records a rise in the installation of energy storage integrated hybrid substations, thus improving grid stability. The trend toward digitization indicates that in smart substations enables real-time and predictive maintenance.

The Offshore Substation market in the Asia-Pacific region is experiencing rapid growth, primarily due to investments in renewable energy. The Global Wind Energy Council (GWEC) estimates that Asia-Pacific is expected to account for up to 61% of the new additions to be constructed globally in the 2024-2030 period. As of the end of 2023, it already accounted for over half (51%) of the global total wind power installations. Government initiatives, including Japan's offshore wind roadmap for 10 GW by 2030 and South Korea's Green New Deal, emphasize offshore infrastructure. These developments ignite regional demand for high-capacity technologically advanced substations, thereby positioning the Asia-Pacific region as a significant growth contributor.

Dynamics

Growing Ambitious Renewable Energy Targets

Given the increasing ambition of government renewable energy targets worldwide, it is reasonable to assume that the offshore substation market would be stimulated. In fact, the Renewable Energy Directive of the EU is going to require member states to attain a 42.5% renewable energy share by 2030. This necessitates the construction of offshore wind farms with substantial capacity. Their offshore substations will play a critical role in the incorporation of the grid and the transmission of power.

The U.S. Department of Energy (DOE) aims to achieve 30 GW by 2030 and establish a roadmap for attaining 110 GW or more by 2050. This would necessitate an investment of approximately $12 billion in offshore substations and associated infrastructure, as per the report published by the American Clean Power Association (ACPA). Similarly, the British Energy Security Strategy (BESS) established an ambitious goal of producing 50 GW of offshore wind by 2030, which includes 5 GW of innovative floating technology, at the beginning of April 2022.

The floating offshore wind farms, which can also be deployed in deeper waters, are gathering momentum. In this instance, they necessitate novel substation designs, specifically floating substations, to optimize operational efficiency. The market for next-generation substation solutions is rapidly expanding as Norway's Floating Offshore Wind Strategy aims to achieve 30 GW of capacity by 2040. These substations are important in the global renewable energy targets and are regarded as a component of the integration of wind power within national grids while maintaining grid stability. Substation technologies, including high-voltage direct current (HVDC) systems, are receiving increased investment as developers prioritize reliability and efficiency.

Rise of Digital And Smart Substations

The offshore substation development market is significantly influenced by the ongoing technological advancements in substation design and operation. The modern operating efficiency dimension is transformed by digital and smart substations that feature real-time monitoring and advanced communication systems. Digital substations are more reliable and reduce operational costs by up to 30%, according to the International Electrotechnical Commission (IEC). In order to optimize costs and expedite installation, modular substations are preassembled and pretested prior to their delivery to the site. Additionally, the International Atomic Energy Agency (IAEA) has demonstrated that modular designs can reduce deployment timelines, making them an ideal choice for rapid-track energy initiatives.

Another breakthrough is the development of floating substations, which support offshore wind farms located in deeper waters. Norway and Japan are pioneering floating substation deployment to leverage deeper offshore wind potential. Additionally, HVDC technology is gaining prominence for its ability to efficiently transmit power over long distances. Substations incorporating HVDC systems are increasingly being used in large-scale offshore wind projects. The Global Wind Energy Council reports that in 2023, the industry connected 11 GW of offshore wind to the grid representing a 24% year-on-year (YoY) increase across the world.

High Initial Investment Costs

Despite significant growth prospects, high initial investment costs remain a major restraint for the offshore substation market. The construction of offshore substations involves substantial capital expenditure, encompassing advanced equipment, underwater cabling and installation in harsh marine environments. According to the International Renewable Energy Agency (IRENA), the average cost of building an offshore substation is $2-3 lakhs per MW of capacity. The financial burden is particularly challenging for emerging markets, where developers often face limited access to capital. The World Bank reports that financing constraints delay offshore wind projects in regions like Africa and Southeast Asia, impeding substation market growth.

Additionally, the complexity of offshore substation design and installation contributes to cost escalation. Projects located in deeper waters or areas with harsh environmental conditions require specialized equipment and expertise, further inflating costs. For instance, floating substations, while innovative, entail higher initial costs due to the use of advanced materials and technologies. Grid integration challenges also add to the financial burden. Establishing connectivity between offshore substations and onshore grids requires extensive infrastructure investments. The European Commission's Wind Energy The Fact highlight that grid integration costs account for up to 10% of total project expenditures.

Segment Analysis

The global offshore substation market is segmented based on type, voltage type, installation, end-user and region.

Rising Deep-Water Wind Farms Drive the Demand for Floating Offshore Substations

The floating substation segment is emerging as the fastest-growing segment in the offshore substation market. With offshore wind farms increasingly moving to deeper waters, traditional fixed-bottom substations are becoming less viable. Floating substations provide a practical alternative, enabling efficient power transmission from remote locations. According to the Carbon Trust, floating wind projects accounted for 7 GW of global offshore wind capacity in 2023, with projections to reach 70 GW by 2040. This exponential growth is driving demand for floating substations.

Technological advancements are playing a key role in the segment's expansion. Floating substations are leveraging HVDC technology for efficient power transmission and incorporating digital systems for enhanced operational control. These innovations align with the International Renewable Energy Agency's (IRENA) emphasis on cost reduction and efficiency improvement in offshore wind infrastructure. The segment's growth is also supported by partnerships and collaborations. For example, in 2023, Siemens Energy and ABB announced a joint venture to develop next-generation floating substations, aiming to reduce costs and improve scalability.

Geographical Penetration

Robust Renewable Energy Policies and Significant Offshore Wind Capacity Expansions in Asia-Pacific

Asia-Pacific holds the distinction of being the largest region in the offshore substation market, driven by aggressive renewable energy policies and significant offshore wind capacity expansions. According to the Asia Wind Energy Association (AWEA), the region accounted for over 60% of global offshore wind installations in 2023, with China leading the charge. China's National Energy Administration (NEA) has set a target of achieving 50 GW of offshore wind capacity by 2030, requiring substantial investments in substations to support these projects.

Japan and South Korea are also key players in the region. Japan's offshore wind roadmap outlines a target of 10 GW by 2030 and 30-45 GW by 2040, emphasizing the development of floating wind farms and advanced substations. Similarly, South Korea's Green New Deal includes plans for 12 GW of offshore wind capacity by 2030, accompanied by significant investments in high-voltage substations and grid infrastructure.

Technological advancements in substation designs, such as modular and floating substations, are gaining traction in Asia-Pacific. The Carbon Trust highlights that these designs are particularly suitable for the region's deep-water projects, enhancing efficiency and reducing costs. Additionally, the integration of energy storage systems with offshore substations is becoming a key trend, addressing grid stability challenges associated with renewable energy.

Collaborative initiatives are accelerating the region's market growth. For instance, in 2023, China's State Grid Corporation partnered with international technology providers to develop next-generation substations for large-scale offshore wind farms. These partnerships are fostering innovation and driving the adoption of advanced solutions.

Source: Global Wind Energy Council

Competitive Landscape

The major global players in the market include General Electric Company, Aker Solutions, Envision Group, Petrofac Limited, Burns & McDonnell, Hitachi Energy, HSM Offshore Energy BV, SLPE, Hollandia and Siemens. The key players are focusing on strategic partnerships, product innovation and expanding their global presence to increase their market share. The following recent developments highlight the strategies that enhance their competitiveness in the market.

In December 2024, SLPE received a contract to develop foundation designs for HVDC offshore substations for the Centre Manche 1 and 2 offshore wind projects in France. Each substation will have a capacity of 1.25 GW and the jacket structures for these substations are projected to weigh approximately 7,000 tonnes.

In December 2024, Aker Solutions and ABB will conduct the first-phase FEED for the 560-MW GreenVolt floating offshore wind project in the central UK North Sea, 80 km from Peterhead, eastern Scotland. Aker Solutions will lead the design of the high-voltage offshore substation (HVAC) and the overall system design and work on the onshore HV equipment.

In September 2024, the Revolution Wind offshore wind farm project, featuring 65 Siemens Gamesa 11 MW turbines, will generate 704 MW of renewable energy-400 MW for Rhode Island and 304 MW for Connecticut-powering over 350,000 homes. The project includes the installation of two offshore substations, with construction supported by union workers, three Northeast ports and multiple vessels.

In August 2024, GE Vernova, in collaboration with Seatrium, completed the installation of the Offshore Converter Platform (OCP) for RWE's North Sea wind project. Heerema Marine Contractors used the Sleipnir heavy-lift vessel to install the 13,000-tonne platform, equivalent in height to an eleven-story building, onto its jacket structure.

In December 2023, Vestas entered into a joint venture with Siemens Gamesa Renewable Energy to drive the development of innovative offshore wind turbines and associated infrastructure. As part of its commitment to advancing offshore wind energy, Vestas is also investing in the development of new offshore substation designs tailored to support its turbine technology.

In March 2023, GE Vernova signed together with its consortium partners Seatirum and TenneT to supply three 2 GW HVDC electrical transmission systems for offshore wind farm projects in the Netherlands, each valued at approximately $2.15 billion. GE Vernova is accelerating the path to more reliable, affordable and sustainable for the entire project development phases.

Sustainability Analysis

Sustainability is a cornerstone of the offshore substation market, with trends emphasizing eco-friendly practices and technologies. Offshore substations contribute to decarbonization by facilitating the integration of renewable energy into grids. According to the International Renewable Energy Agency (IRENA), offshore wind farms can reduce CO2 emissions by up to 500 grams per kWh compared to fossil fuels. Sustainable materials and designs are gaining traction. Developers are adopting corrosion-resistant and recyclable materials to enhance substation longevity and minimize environmental impact. The European Commission's Horizon 2020 program has funded several projects focusing on sustainable substation designs, including modular systems that reduce material usage.

Energy efficiency is another focus area. Advanced cooling systems and energy storage integration are being incorporated into substations to optimize performance and reduce energy loss. For example, the German Offshore Wind Energy Foundation highlights that integrating battery storage with offshore substations can improve grid stability and reduce reliance on fossil fuel backup systems. Environmental impact assessments are becoming mandatory for substation projects, ensuring compliance with regulations. UK's Marine Management Organization (MMO) requires offshore wind developers to conduct environmental impact studies, addressing concerns like marine biodiversity and ecosystem disruption.

Why Purchase the Report?

To visualize the global offshore substation market segmentation based on type, voltage type, installation, end-user and region.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points at the offshore substation market level for all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.

The global offshore substation market report would provide approximately 70 tables, 65 figures and 250 pages.

Target Audience 2024

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Type
3.2. Snippet by Voltage Type
3.3. Snippet by Installation
3.4. Snippet by End-User
3.5. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Growing Ambitious Renewable Energy Targets
  - 4.1.1.2. Rise of Digital and Smart Substations
- 4.1.2. Restraints
  - 4.1.2.1. High Initial Investment Costs
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. By Type

6.1. Introduction
- 6.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 6.1.2. Market Attractiveness Index, By Type
6.2. AC Substations*
- 6.2.1. Introduction
- 6.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
6.3. DC Substations

7. By Voltage Type

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Voltage Type
- 7.1.2. Market Attractiveness Index, By Voltage Type
7.2. 5 kV*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. 72.5 kV
7.4. 123 kV
7.5. 145 kV
7.6. 170 kV
7.7. 245 kV
7.8. 400 kV
7.9. Above 400 kV

8. By Installation

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Installation
- 8.1.2. Market Attractiveness Index, By Installation
8.2. Fixed Offshore Substations*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Floating Offshore Substations

9. By End-User

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.1.2. Market Attractiveness Index, By End-User
9.2. Wind Farms*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Oil & Gas
9.4. Others

10. Sustainability Analysis

10.1. Environmental Analysis
10.2. Economic Analysis
10.3. Governance Analysis

11. By Region

11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Voltage Type
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Installation
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.2.7.1. US
  - 11.2.7.2. Canada
  - 11.2.7.3. Mexico
11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Voltage Type
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Installation
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.3.7.1. Germany
  - 11.3.7.2. UK
  - 11.3.7.3. France
  - 11.3.7.4. Italy
  - 11.3.7.5. Spain
  - 11.3.7.6. Rest of Europe
11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Voltage Type
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Installation
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.4.7.1. Brazil
  - 11.4.7.2. Argentina
  - 11.4.7.3. Rest of South America
11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Voltage Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Installation
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.5.6.1. China
  - 11.5.6.2. India
  - 11.5.6.3. Japan
  - 11.5.6.4. Australia
  - 11.5.6.5. Rest of Asia-Pacific
11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Voltage Type
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Installation
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

12. Competitive Landscape

12.1.1. Competitive Scenario
12.1.2. Market Positioning/Share Analysis
12.1.3. Mergers and Acquisitions Analysis

13. Company Profiles

13.1. General Electric Company*
- 13.1.1. Company Overview
- 13.1.2. Type Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
13.2. Aker Solutions
13.3. Envision Group
13.4. Petrofac Limited
13.5. Burns & McDonnell
13.6. Hitachi Energy
13.7. HSM Offshore Energy BV
13.8. SLPE
13.9. Hollandia
13.10. Siemens

LIST NOT EXHAUSTIVE