Product Code: TMRGL8785
Offshore Wind Turbines Market - Scope of Report
TMR's report on the global offshore wind turbines market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2024 to 2034. The report provides revenue of the global offshore wind turbines market for the period 2018-2034, considering 2024 as the base year and 2034 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global offshore wind turbines market from 2024 to 2034.
The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the offshore wind turbines market.
Market Snapshot |
Market Value in 2023 | US$ 65.8 Bn |
Market Value in 2034 | US$ 166.5 Bn |
CAGR | 8.9% |
Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global offshore wind turbines market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global offshore wind turbines market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global offshore wind turbines market.
The report delves into the competitive landscape of the global offshore wind turbines market. Key players operating in the global offshore wind turbines market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global offshore wind turbines market profiled in this report.
Key Questions Answered in Global offshore wind turbines Market Report:
- What is the sales/revenue generated by offshore wind turbines across all regions during the forecast period?
- What are the opportunities in the global offshore wind turbines market?
- What are the major drivers, restraints, opportunities, and threats in the market?
- Which regional market is set to expand at the fastest CAGR during the forecast period?
- Which segment is expected to generate the highest revenue globally in 2034?
- Which segment is projected to expand at the highest CAGR during the forecast period?
- What are the market positions of different companies operating in the global market?
Offshore Wind Turbines Market - Research Objectives and Research Approach
The comprehensive report on the global offshore wind turbines market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global offshore wind turbines market in terms of product, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2034 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global offshore wind turbines market.
Table of Contents
1. Executive Summary
- 1.1. Global Market Outlook
- 1.2. Demand Side Trends
- 1.3. Key Facts and Figures
- 1.4. Trends Impacting Market
- 1.5. TMR's Growth Opportunity Wheel
2. Market Overview
- 2.1. Market Segmentation
- 2.2. Key Developments
- 2.3. Market Definitions
- 2.4. Key Market Trends
- 2.5. Market Dynamics
- 2.5.1. Drivers
- 2.5.2. Restraints
- 2.5.3. Opportunities
- 2.6. Global Offshore Wind Turbines Market Analysis and Forecast, 2020-2034
- 2.6.1. Global Offshore Wind Turbines Market Volume (Units)
- 2.6.2. Global Offshore Wind Turbines Market Revenue (US$ Bn)
- 2.7. Porter's Five Forces Analysis
- 2.8. Regulatory Analysis
- 2.9. Value Chain Analysis
- 2.9.1. List of Raw Material Suppliers
- 2.9.2. List of Key Manufacturers
- 2.9.3. List of Suppliers/ Distributors
- 2.9.4. List of Potential Customers
- 2.10. Product Specification Analysis
- 2.11. Overview of Manufacturing Process
- 2.12. Cost Structure Analysis
3. Economic Recovery Analysis Post COVID-19 Impact
- 3.1. Impact on Supply Chain of Offshore Wind Turbines
- 3.2. Recovery in Demand for Offshore Wind Turbines -Post Crisis
4. Production Output Analysis, 2023
- 4.1. North America
- 4.2. Europe
- 4.3. Asia Pacific
- 4.4. Latin America
- 4.5. Middle East & Africa
5. Impact of Current Geopolitical Scenario on Market
6. Price Trend Analysis and Forecast (US$/Units), 2020-2034
- 6.1. Price Trend Analysis by Foundation Type
- 6.2. Price Trend Analysis by Region
7. Global Offshore Wind Turbines Market Analysis and Forecast, by Foundation Type, 2020-2034
- 7.1. Introduction and Definitions
- 7.2. Global Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 7.2.1. Monopile
- 7.2.2. Jacket
- 7.2.3. Tripod
- 7.2.4. Floating
- 7.2.5. Others
- 7.3. Global Offshore Wind Turbines Market Attractiveness, by Foundation Type
8. Global Offshore Wind Turbines Market Analysis and Forecast, by Location Proximity, 2020-2034
- 8.1. Introduction and Definitions
- 8.2. Global Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 8.2.1. Shallow Water
- 8.2.2. Transitional Water
- 8.2.3. Deep Water
- 8.3. Global Offshore Wind Turbines Market Attractiveness, by Location Proximity
9. Global Offshore Wind Turbines Market Analysis and Forecast, by Capacity, 2020-2034
- 9.1. Introduction and Definitions
- 9.2. Global Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 9.2.1. Up to 1 MW
- 9.2.2. 1 MW - 3 MW
- 9.2.3. 3 MW - 5 MW
- 9.2.4. 5 MW and Above
- 9.3. Global Offshore Wind Turbines Market Attractiveness, by Capacity
10. Global Offshore Wind Turbines Market Analysis and Forecast, by Region, 2020-2034
- 10.1. Key Findings
- 10.2. Global Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Region, 2020-2034
- 10.2.1. North America
- 10.2.2. Europe
- 10.2.3. Asia Pacific
- 10.2.4. Middle East & Africa
- 10.2.5. Latin America
- 10.3. Global Offshore Wind Turbines Market Attractiveness, by Region
11. North America Offshore Wind Turbines Market Analysis and Forecast, 2020-2034
- 11.1. Key Findings
- 11.2. North America Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 11.3. North America Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 11.4. North America Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 11.5. North America Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Country, 2020-2034
- 11.5.1. U.S. Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 11.5.2. U.S. Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 11.5.3. U.S. Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 11.5.4. Canada Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 11.5.5. Canada Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 11.5.6. Canada Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 11.6. North America Offshore Wind Turbines Market Attractiveness Analysis
12. Europe Offshore Wind Turbines Market Analysis and Forecast, 2020-2034
- 12.1. Key Findings
- 12.2. Europe Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 12.3. Europe Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 12.4. Europe Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 12.5. Europe Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2034
- 12.5.1. Germany Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 12.5.2. Germany Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 12.5.3. Germany Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 12.5.4. France Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 12.5.5. France Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 12.5.6. France Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 12.5.7. U.K. Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 12.5.8. U.K. Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 12.5.9. U.K. Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 12.5.10. Italy Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 12.5.11. Italy. Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 12.5.12. Italy Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 12.5.13. Russia & CIS Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 12.5.14. Russia & CIS Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 12.5.15. Russia & CIS Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 12.5.16. Rest of Europe Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 12.5.17. Rest of Europe Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 12.5.18. Rest of Europe Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 12.6. Europe Offshore Wind Turbines Market Attractiveness Analysis
13. Asia Pacific Offshore Wind Turbines Market Analysis and Forecast, 2020-2034
- 13.1. Key Findings
- 13.2. Asia Pacific Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type
- 13.3. Asia Pacific Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 13.4. Asia Pacific Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 13.5. Asia Pacific Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2034
- 13.5.1. China Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 13.5.2. China Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 13.5.3. China Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 13.5.4. Japan Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 13.5.5. Japan Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 13.5.6. Japan Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 13.5.7. India Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 13.5.8. India Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 13.5.9. India Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 13.5.10. ASEAN Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 13.5.11. ASEAN Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 13.5.12. ASEAN Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 13.5.13. Rest of Asia Pacific Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 13.5.14. Rest of Asia Pacific Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 13.5.15. Rest of Asia Pacific Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 13.6. Asia Pacific Offshore Wind Turbines Market Attractiveness Analysis
14. Latin America Offshore Wind Turbines Market Analysis and Forecast, 2020-2034
- 14.1. Key Findings
- 14.2. Latin America Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 14.3. Latin America Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 14.4. Latin America Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 14.5. Latin America Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2034
- 14.5.1. Brazil Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 14.5.2. Brazil Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 14.5.3. Brazil Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 14.5.4. Mexico Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 14.5.5. Mexico Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 14.5.6. Mexico Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 14.5.7. Rest of Latin America Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 14.5.8. Rest of Latin America Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 14.5.9. Rest of Latin America Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 14.6. Latin America Offshore Wind Turbines Market Attractiveness Analysis
15. Middle East & Africa Offshore Wind Turbines Market Analysis and Forecast, 2020-2034
- 15.1. Key Findings
- 15.2. Middle East & Africa Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 15.3. Middle East & Africa Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 15.4. Middle East & Africa Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 15.5. Middle East & Africa Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2034
- 15.5.1. GCC Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 15.5.2. GCC Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 15.5.3. GCC Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 15.5.4. South Africa Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 15.5.5. South Africa Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 15.5.6. South Africa Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 15.5.7. Rest of Middle East & Africa Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Foundation Type, 2020-2034
- 15.5.8. Rest of Middle East & Africa Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Location Proximity, 2020-2034
- 15.5.9. Rest of Middle East & Africa Offshore Wind Turbines Market Volume (Units) and Value (US$ Bn) Forecast, by Capacity, 2020-2034
- 15.6. Middle East & Africa Offshore Wind Turbines Market Attractiveness Analysis
16. Competition Landscape
- 16.1. Global Offshore Wind Turbines Market Company Share Analysis, 2023
- 16.2. Company Profiles
- 16.2.1. Doosan Enerbility
- 16.2.1.1. Company Description
- 16.2.1.2. Business Overview
- 16.2.1.3. Financial Overview
- 16.2.1.4. Strategic Overview
- 16.2.2. GE Vernova
- 16.2.2.1. Company Description
- 16.2.2.2. Business Overview
- 16.2.2.3. Financial Overview
- 16.2.2.4. Strategic Overview
- 16.2.3. Vestas
- 16.2.3.1. Company Description
- 16.2.3.2. Business Overview
- 16.2.3.3. Financial Overview
- 16.2.3.4. Strategic Overview
- 16.2.4. Siemens Gamesa Renewable Energy, S.A.U.
- 16.2.4.1. Company Description
- 16.2.4.2. Business Overview
- 16.2.4.3. Financial Overview
- 16.2.4.4. Strategic Overview
- 16.2.5. Suzlon Energy Limited
- 16.2.5.1. Company Description
- 16.2.5.2. Business Overview
- 16.2.5.3. Financial Overview
- 16.2.5.4. Strategic Overview
- 16.2.6. NORDEX SE
- 16.2.6.1. Company Description
- 16.2.6.2. Business Overview
- 16.2.6.3. Financial Overview
- 16.2.6.4. Strategic Overview
- 16.2.7. Mingyang Smart Energy Group Co., Ltd.
- 16.2.7.1. Company Description
- 16.2.7.2. Business Overview
- 16.2.7.3. Financial Overview
- 16.2.7.4. Strategic Overview
- 16.2.8. CSSC Haizhuang Windpower Co., Ltd.
- 16.2.8.1. Company Description
- 16.2.8.2. Business Overview
- 16.2.8.3. Financial Overview
- 16.2.8.4. Strategic Overview
- 16.2.9. Orsted A/S
- 16.2.9.1. Company Description
- 16.2.9.2. Business Overview
- 16.2.9.3. Financial Overview
- 16.2.9.4. Strategic Overview
- 16.2.10. Shanghai Electric Wind Power Group Co., Ltd.
- 16.2.10.1. Company Description
- 16.2.10.2. Business Overview
- 16.2.10.3. Financial Overview
- 16.2.10.4. Strategic Overview
17. Primary Research: Key Insights
18. Appendix