Current Business Affairs Global Offshore Wind Market 2018 | Page 2

Some of the prominent players operating in the global offshore wind turbines market are Enercon GmbH, Xinjiang
Goldwind Science & Technologies Co. Ltd, Gamesa Corporacion Technologica S.A., Siemens Wind Power, Guodian United
Power Technology Company Ltd, Vestas Wind Systems A/S, Nordex S.E., Upwind Solutions Inc., Suzlon Group, and GE
Wind Energy.
Market Segmentation:
Based on component segment, the report includes the revenue, growth rate, and market share, of each type,
• Turbine
• Substructure
• Electrical Infrastructure
The turbine component is estimated to be the largest segment for the offshore wind market
The turbines segment has been expected to acquire the major share of the total offshore wind project. It is the most
important component of an offshore wind farm. Companies are upgrading and increasing the turbine size owing to
advanced technologies and to increase energy efficiency. Moreover, larger the wind turbine, the more energy is
produced each time as the turbines rotate. Therefore, turbine manufacturers are continuously upgrading and expanding
their product portfolio for contributing to the ever increasing demand for high capacity wind turbines.
On the basis of capacity, the market has been segmented further, and displays growth rate and market share over the
forecast period;
•
•
•
•
Upto 1 MW
1-3 MW
3-5 MW
5 MW and Above
Based on location, the market has been bifurcated into:
• Shallow Water
• Transitional Water
• Deep Water
Shallow water segment has been anticipated to be the largest offshore wind market by location
Among the three water depth location for offshore wind turbines market, shallow water is anticipated to hold the
largest share over the forecast period. The development of shallow water is cost effective owing to better weather
conditions, however, installing wind turbines in deep water becomes expensive due to high maintenance cost. Although,
offshore wind turbines are getting installed in all three water locations depending on the region, turbine capacity, and
wind speed. Shallow water condition mostly prevails in the European countries owing to favorable weather conditions.
Obtain report details with TOC @ https://www.xpodenceresearch.com/Reports/Offshore-Wind-Market
Regional Analysis:
Europe and Asia Pacific region are anticipated to deliver significant growth potential for the offshore wind turbines
market throughout the forecast period. Europe region has been anticipated to dominate the global offshore wind
turbines market, with vast expansion in offshore wind power generation. Wind is one of the leading sour