Global Offshore Wind Market, by Location (Deep-water (depth >60 m), Transitional Water (depth 30-60 m), and Shallow water (depth < 30 m)), by Component (Substructure, Turbine, Electrical Infrastructure, and Others), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

  • Report code : CMI14978 |
  • Industry :

    Energy

  • Published On : Oct 2017 |
  • Pages : 350 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Offshore Wind Market – Insights

Offshore wind provides the electrical energy on the continental shelf to harvest the wind energy. Wind speed is generally stronger and steady at the offshores than on the land. Offshore wind turbines are also located near to coastal areas eliminating the need for new overland transmission lines. Slight increase in speed of wind can generate a significantly greater amount of electricity, as the potential energy of wind is directly proportional to the cube of wind speed. For instance, the turbine at a site with average wind speed 16 miles per hour (mph) would produce more than around 50% electricity than 14 mph average speed of the same turbine.

Key factors influencing growth in offshore wind market are high investments in renewable sources of energy and favorable government policies. For instance, the National Ocean Industries Association was U.S’s first offshore wind farm in 2017. Moreover, increasing concern toward the non-renewable source of energy such as fossil fuel, awareness for their harmful effects of greenhouse gases such as carbon dioxide, and rising demand for electricity will help in increasing the growth of offshore wind market.

In 2016, Europe was the leading region in the offshore wind market with a market share of 56.99% and is expected to reach US$ 39.39 billion by 2025 with a CAGR of 12.9%. The main reason for the expansion of offshore wind market in Europe is owing to its favorable weather for the offshore wind market. According to Global Wind Energy Council (GWEC), 2016, out of all the offshore wind installations, around 88% were located in costal waters of 10 European economies and remaining installations (around 12%) was located in China, Japan, Taiwan, South Korea, and the U.S.

According to Bureau of Ocean Energy Management, roughly 50% population in the U.S lives near coastal areas. Also in coastal areas, land-based renewable sources are limited and energy cost and demand are high. Offshore wind energy has potential to supply large quantity of renewable energy to the U.S coastal cities such as Los Angeles, New York City, and Boston.

Among the three location by the depth of offshore wind turbines, shallow water offshore wind turbines dominated the market, due to cost effectiveness and easy maintenance. Due to favorable weather conditions in Europe, shallow water wind turbines are majorly installed in the region. On the basis of components, turbines components are the major contributor to the growth of offshore wind market. Different components of turbines such as, tower, rotator, blade, and nacelle have the highest share of the capital cost. Larger the turbine, more energy it produces when it rotates.

Figure 1. Global Offshore Wind Market Share, By Region, 2016

offshore wind market

Source: Coherent Market Insights 2017

Europe led the offshore wind market, which is expected to lead the market and valued at US$ 13.27 billion in 2016. The region is projected to witness a CAGR of 12.9% in terms of revenue during the forecast period 2017 - 2025.

Major Players in the Global Offshore Wind Market:

Some of the major players in the global offshore wind market are MHI Vestas, Siemens AG, General Electric, ABB, Ltd., EEW Group, Nexans, and A2SEA A/S.

Offshore wind energy is the generation of electrical energy by the installation of wind turbines at sea. The wind blows faster and steadily at the sea than on land or onshore areas, that result in more stable and higher yield of energy. The main advantage of the offshore wind energy production is that it contributes to achieve the goal for renewable energy, not consume water and do not emit environmental pollutants or greenhouse gases and helps to reduce the global warming.

Market Dynamics

Major drivers propelling the global growth of the offshore wind market include the rising demand for electricity and increasing awareness about the greenhouse gases. According to the International Energy Outlook 2016, the global energy demand is set to increase from 268 mboe/d in 2013 to 399 mboe/d by 2040. Renewable energy sources are the fastest growing energy sources which in turns drives the global offshore wind market. Government regulations and current policies regarding fossil fuel use, globally energy related carbon dioxide emissions are expected to increase to 45 billion metric tons in 2040, according to U.S Energy Information Administration (EIA), therefore with increase in concerns about the greenhouse gases there is rise is demand for the renewable sources of energy which in turns drives the offshore wind market.

Key features of the study:

  • This report provides in-depth analysis of the offshore wind market and provides market size (US$ Bn), and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017–2025)
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, pipeline products, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global offshore wind market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics
  • The global offshore wind market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, medical devices companies, new entrants, and financial analysts
  • Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the offshore wind market.

Detailed Segmentation

  • Global Offshore wind Market, By Location:
    • Deep-water (depth >60 m)
    • Transitional Water (depth 30-60 m)
    • Shallow water (depth < 30 m)
  • Global Offshore wind Market, By Component:
    • Substructure
      • Monopile
      • Jacket and Gravity Based
      • Others
    • Turbine
      • Rotor & Blades
      • Tower
      • Nacelle
    • Electrical Infrastructure
    • Others
  • Global Offshore wind Market, By Geography:
    • North America
      • U.S.
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • Canada
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
    • Europe
      • U.K.
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • Germany
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • Italy
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • France
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • Spain
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • Russia
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • Rest of Europe
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
    • Asia Pacific
      • China
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • India
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • Japan
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • ASEAN
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • Australia
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • South Korea
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • Rest of Asia Pacific
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
    • Latin America
      • Brazil
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • Argentina
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • Rest of Latin America
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
    • Africa
      • Northern Africa
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • Central Africa
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • South Africa
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
    • Middle East
      • GCC
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • Israel
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
      • Rest of Middle-East
        • By Location
          • Deep-water (depth >60 m)
          • Transitional Water (depth 30-60 m)
          • Shallow water (depth < 30 m)
        • By Component
          • Substructure
            • Monopile
            • Jacket and Gravity Based
            • Others
          • Turbine
            • Rotor & Blades
            • Tower
            • Nacelle
          • Electrical Infrastructure
          • Others
  • Company Profiles
    • MHI Vestas*
      • Company Overview
      • Product Portfolio
      • Market Presence
      • Financial Overview
      • Key Developments
      • Strategies
    • Siemens AG
    • General Electric
    • ABB, Ltd.
    • EEW Group
    • Nexans
    • A2Sea

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Location
      • Market Snippet By Component
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Offshore Wind Market, By Location, 2016 - 2025 (US$ Million )
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-O-Y Growth Analysis, 2016 - 2025
      • Segment Trends
    • Deep-water (depth >60 m)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million )
    • Transitional Water (depth 30-60 m)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million )
    • Shallow water (depth < 30 m)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million )
  5. Global Offshore Wind Market, By Component, 2016 - 2025 (US$ Million )
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Y-O-Y Growth Analysis, 2016 - 2025
      • Segment Trends
    • Substructure
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million)
        • Monopile
        • Jacket and Gravity Based
        • Others Low
    • Turbine
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million)
        • Rotor & Blades
        • Tower
        • Nacelle
    • Electrical Infrastructure
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2025, (US$ Million)
  6. Global Offshore Wind Market, By Region, 2016 - 2025 (US$ Million )
    • Introduction
      • Market Share Analysis, By Region, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, For Regions, 2016 - 2025
    • North America
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2016 - 2025
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
    • Europe
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2016 - 2025
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • France
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2016 - 2025
        • China
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
    • Latin America
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2016 - 2025
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
    • Africa
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-O-Y Growth Analysis, By Country, 2016 - 2025
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
    • Middle East
      • Market Share Analysis, By Country, 2016 and 2025 (%)
      • Y-O-Y Growth Analysis, By Country, 2016 - 2025
        • GCC
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Location, 2016 - 2025 (US$ Million)
          • Market Size and Forecast, By Component, 2016 - 2025 (US$ Million)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • MHI Vestas
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Siemens AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • General Electric
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • ABB, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • EEW Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nexans
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • A2Sea
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 250 market data tables* and 50 figures* on "Offshore Wind Market” - Global forecast to 2025.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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