Offshore Wind Energy Equipment Market

As more and more countries push ahead with renewable alternatives to diversify their energy mix, offshore wind power is coming up as an attractive option. Interest in the offshore sector continues to grow, as regulatory framework develops, investor commitments increase, and technologies improve. Offshore wind power development offers advantages such as higher wind speeds and reduced impact on aesthetics and human activities. However, the main restraint in the market as of now is the high construction cost: offshore wind farms must withstand rough weather; and logistics and electrical cable infrastructure costs could be significantly higher than for onshore wind farms. Vestas, Siemens, and Gamesa are some of the big players in this market. The EU and China are both expected to be major players in this market over the coming years.

This report estimates the current offshore wind power equipment market and forecasts it till 2017. It also studies the drivers, restraints, competitive landscape, and value chain of the market. In addition, it includes a market share analysis and company profiles of the top players.