Selbyville, Delaware, Jan. 19, 2021 (GLOBE NEWSWIRE) -- According to industry experts, growing investments in green energy generation and escalating demand for renewable technologies are fostering North America offshore wind energy market growth. Moreover, implementation of strict directives and regulations by government and regulatory authorities for mitigating GHG emission are enhancing the industry outlook.
Further, the research literature delineates the key growth drivers as well as the existing and upcoming challenges which may strongly impact the industry dynamics. To explore and understand the key opportunities, the document houses in-depth studies on component, depth, and geographical segmentation. Proceeding further, it examines the competitive landscape of this vertical by profiling the leading companies in terms of product portfolio, industry share, and financials. Various tactics such as strategic alliances and new product development are also taken into consideration to aid stakeholders in making well-informed decisions. Additionally, a top-to-bottom analysis of the industry supply chain is contained in the document.
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Besides, benefits like minimal land utilization, reduced power generation cost, and low maintenance with limited human interventions are encouraging the adoption of offshore wind energy technology. Furthermore, surging energy demand, increasing number of offshore projects, along with technological advancements such as advanced drive trains and new blade designs will bolster the demand for this technology in the coming years.
In addition, rising cognizance regarding the environmental implications of conventional energy generation practices, and favorable economic scenario will further boost North America offshore wind energy industry expansion.
Component segment overview
The component segmentation of North America offshore wind energy industry is comprised of turbine, electrical infrastructure, and others. Turbine segment is further is divided on the basis of installation, rating, support structure, foundation and others. Under the rating sub-segment, >2 MW rated turbines are expected to witness an increased demand over the projected timeline owing to technical enhancements in turbine technologies and growing focus towards untapped potential of offshore wind energy.
Geographical landscape review:
North America offshore wind energy market size spans across United States, Canada, and Mexico. Increasing number of offshore energy projects is significantly contributing to growth of US industry. In fact, as of 2019, there were 15 active projects of offshore wind energy in the U.S., cites the American Wind Energy Association (AWEA). Supportive policies for wind generation and ambitious renewable energy targets by the government will continue to push forward the industry growth in the nation.
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North America Offshore Wind Energy Market Component Sub-Segments (2015-2026)
Turbine
Rating
- <100 kW
- 100 kW to 250 kW
- >250 kW to 500 kW
- >500 kW to 1 MW
- 1MW to 2 MW
- >2 MW
Installation
- Floating
- Axis
- Horizontal (HWATs)
- Up-wind
- Down-wind
- Vertical (VAWTs)
- Fixed
- Axis
- Horizontal (HWATs)
- Up-wind
- Down-wind
- Vertical (VWATs)
- Structure
- Roto Module
- Tower Module
- Nacelle Module
Support Structure
- Substructure (Steel)
Foundation
- Monopile
- Jacket
Others
Electrical Infrastructure
Wires & cables
Substation
Others
Others
North America Offshore Wind Energy Market Fragmentation by Depth (2015-2026)
- 0 – 30m
- 30m – 50m
- >50m
North America Offshore Wind Energy Geographical Bifurcation (2015-2026)
- United States
- Canada
- Mexico
North America Offshore Wind Energy Company Profiles (2015-2026)
- Prysmian Group
- Suzlon Energy Ltd.
- Xinjiang Goldwind Science & Technology Co., Ltd.,
- Envision Energy
- MHI-Vestas Offshore Wind
- Northern Power Systems, Inc.
- Raum Energy, Inc.
- Furukawa Electric Co., Ltd.
- Global Energy Services
- United Power
- Acciona, S.A.
Table of content:
Chapter 1. Methodology and Scope
1.1. Methodology
1.2. Market definitions
1.3. Market estimates and forecast parameters
1.4. Data sources
1.4.1. Primary
1.4.2. Secondary
Chapter 2. Executive Summary
2.1. North America offshore wind energy market 3600 synopsis, 2015 a?? 2026
2.1.1. Business trends
2.1.2. Component trends
2.1.3. Depth trends
2.1.4. Country trends
Chapter 3. North America Offshore Wind Energy Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 a?? 2026 (USD Million)
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Innovation & technology landscape
3.5. Regulatory landscape
Chapter 4. North America Offshore Wind Energy Market, By Component
4.1. North America offshore wind energy market, by component, 2019 & 2026
4.2. Turbine
4.2.3. Rating
4.2.3.1. Market estimates and forecast, 2015 a?? 2026
4.2.3.2. Market estimates and forecast, by country, 2015 a?? 2026
4.2.3.3. < 100 kW
4.2.3.3.1. Market estimates and forecast, 2015 a?? 2026
4.2.3.3.2. Market estimates and forecast, by country, 2015 a?? 2026
4.2.3.4. 100 kW to 250 kW
4.2.3.4.1. Market estimates and forecast, 2015 a?? 2026
4.2.3.4.2. Market estimates and forecast, by country, 2015 a?? 2026
4.2.3.5. > 250 kW to 500 kW
4.2.3.5.1. Market estimates and forecast, 2015 a?? 2026
4.2.3.5.2. Market estimates and forecast, by country, 2015 a?? 2026
4.2.3.6. > 500kW to 1MW
4.2.3.6.1. Market estimates and forecast, 2015 a?? 2026
4.2.3.6.2. Market estimates and forecast, by country, 2015 a?? 2026
4.2.3.7. 1 MW to 2 MW
4.2.3.7.1. Market estimates and forecast, 2015 a?? 2026
4.2.3.7.2. Market estimates and forecast, by country, 2015 a?? 2026
4.2.3.8. > 2 MW
4.2.3.8.1. Market estimates and forecast, 2015 a?? 2026
4.2.3.8.2. Market estimates and forecast, by country, 2015 a?? 2026
4.2.4. Installation
4.2.4.1. Market estimates and forecast, 2015 a?? 2026
4.2.4.2. Market estimates and forecast, by country, 2015 a?? 2026
4.2.4.3. Floating
4.2.4.3.3. Axis
4.2.4.3.3.3. Horizontal (HAWTs)
4.2.4.3.3.3.3. Up-wind
4.2.4.3.3.3.4. Down-wind
4.2.4.3.3.4. Vertical (VAWTs)
4.2.4.3.4. Structure
4.2.4.3.4.3. Roto module
4.2.4.3.4.4. Nacelle module
4.2.4.3.4.5. Tower module
4.2.4.4. Fixed
4.2.4.4.3. Axis
4.2.4.4.3.3. Horizontal (HAWTs)
4.2.4.4.3.3.3. Up-wind
4.2.4.4.3.4. Down-wind
4.2.4.4.3.5. Vertical (VAWTs)
4.2.4.4.4. Structure
4.2.4.4.4.3. Roto module
4.2.4.4.4.4. Nacelle module
4.2.4.4.4.5. Tower module
4.3. Support structure
4.3.3. Substructure (Steel)
4.3.4. Foundation
4.3.4.3. Monopile
4.3.4.4. Jacket
4.4. Electrical infrastructure
4.4.3. Wires & cables
4.4.4. Substation
Chapter 5. North America Offshore Wind Energy Market, By Depth
5.1. North America offshore wind energy market by depth, 2019 & 2026
5.2. 0 a?? 30m
5.2.1. Market estimates and forecast, 2015 a?? 2026
5.2.2. Market estimates and forecast, by country, 2015 a?? 2026
5.3. 30 a?? 50m
5.3.1. Market estimates and forecast, 2015 a?? 2026
5.3.2. Market estimates and forecast, by country, 2015 a?? 2026
5.4. > 50m
5.4.1. Market estimates and forecast, 2015 a?? 2026
5.4.2. Market estimates and forecast, by country, 2015 a?? 2026
Chapter 6. North America Offshore Wind Energy Market, By Country
Related Report:
Offshore Wind Energy Market Size, Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2020 - 2026
Global offshore wind energy market will witness substantial growth over the forecast timeframe owing to the growing demand for clean energy and increasing focus on reducing carbon emissions and promoting environmental conservation. Offshore wind energy generation is a clean, renewable form of harvesting energy by taking advantage of the power of the wind that is produced on the high seas, where it moves at a much higher and more consistent speed than it does on land, because of the absence of barriers. In order to take advantage of this resource, very large structures called wind turbines are installed offshore and placed on the seabed, equipped with the modern technical innovations.
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