China will surpass Germany in offshore wind farm capacity investments by 2018, second only to the U.K.
According to the report, the global offshore wind market will grow from 4.8 GW in 2011 to 80 GW in 2020. Global offshore wind power installed capacity grew from 54 MW in 2001 to 2.86 GW in 2010. This growth was driven by the commissioning of a 2.119 GW offshore wind farm in the U.K. in 2010 and a 749 MW offshore wind farm in Denmark in 2007.
The U.K. and Denmark are the leaders in terms of installed capacity, with 1.3412 GW and 853.7 MW, respectively, in 2010.
During the forecast period of 2011 to 2020, total global offshore wind installed capacity is expected to grow from 4.78 GW to 80.04 GW. The sudden rise in capacity in 2020 is mainly due to a capacity addition of 13 GW in the U.K. and 2 GW in China.
China has introduced a number of new offshore wind farms and is planning to reach more than 11 GW of offshore wind capacity by 2020. The expected high growth in the cumulative installed capacity in China is mainly due to a high-capacity offshore wind farms planned for the future, namely the Pingtan offshore wind farm in the East China Sea, with a capacity of 1.5 GW; the Lufeng Jiahu Bay Offshore Wind Power Plant in the South China Sea, with a capacity of 1.25 GW; the Hebei offshore wind farm in the Yellow Sea, with a capacity of 1 GW; and the Bohai Bay offshore wind farm, with a capacity of 1 GW.
Offshore Wind Power Market Analysis and Forecast to 2020 – China’s Capacity Investments Position It to Overtake Germany by 2018, Second Only to the UK
GBI Research, a leading business intelligence provider, has released its latest research, “Offshore Wind Power Market Analysis and Forecast to 2020 – China’s Capacity Investments Position It to Overtake Germany by 2018, Second Only to the UK”. The report gives an in-depth analysis of the global offshore wind power market, covering three major regions: North America (the US and Canada), Europe (the UK, Germany, Denmark, the Netherlands, Sweden, Norway, Spain and Finland) and Asia-Pacific (China and Japan). The report covers the offshore wind cumulative installed capacity, power generation from 2001-2020 and major turbine manufacturers who installed turbines in 2010. The report also provides the policies and regulations surrounding wind energy for each country discussed. It gives global offshore technology analysis, cost analysis and market force analysis with drivers and restraints.
The report covers make and break issues and provides market active and upcoming projects as well as recent activities. This report is built using data and information sourced through primary and secondary research and in-house analysis by GBI Research’s team of industry experts.
The global offshore wind market analysis covering three regions: North America (the USA and Canada), Europe (the UK, Germany, Denmark, the Netherlands, Sweden, Norway, Spain and Finland) and Asia-Pacific (China and Japan).
Historic global offshore wind installed capacity and power generation from 2001-2010 and forecast until 2020.
Renewable energy policies and regulations.
Technology analysis and cost analysis.
Market force analysis and make and break issues.
Active and upcoming projects and recent activities such as mergers and acquisitions, partnerships, asset finances, venture capitals, debt finances, private equities and equity offerings.
Competitive landscape for turbine manufacturers in 2010 for the twelve countries covered in the report.
Competitive landscape for turbine manufacturers in emerging countries such as Australia, Brazil, India, Italy and Poland installed in 2010.
Reasons to buy
Identify key markets and investment opportunities in the offshore wind power market.
Make decisions based on strong historical and forecast data and detailed growth opportunities analysis.
Understand and respond to the market dynamics in the North America (the US and Canada), Europe, Asia-Pacific (China and Japan) regions.
Position yourself to take maximum advantage of the market’s growth potential.
Identify the risks associated with the market and transform them into opportunities for future growth.
Identify the scope of emerging technologies and applications in the market.