Global Offshore Wind Power Market Forecast to 2026
Authors: Sara Verbruggen
Published: December, 2016
Pages: 92 | Tables: 0 | Figures: 34

This report examines the current status and outlook for the main offshore wind markets around the world, including capacity forecasts to 2026 that are based on the wealth of data on offshore wind projects that is held by Windpower Intelligence.

 

 

Summary


This report examines the current status and outlook for the main offshore wind markets around the world, including capacity forecasts to 2026 that are based on the wealth of data on offshore wind projects that is held by Windpower Intelligence.

Focusing on the three major offshore wind power regions – Europe, Asia-Pacific and North America – the report provides an overview of existing support mechanisms, latest and planned project developments, and the key political, financial and technical challenges facing the industry.

It also highlights the key turbine suppliers in these main markets currently and those expected to dominate activity over the next decade. Detailed forecasts for new capacity additions to 2026 are also included, both for each region and individual countries.

Methodology


This report presents an overview of global and regional offshore markets, together with analysis of research and development trends for offshore wind turbines, foundations and cables over the next ten years.

It also includes an Appendix forecasting global and regional operations and maintenance (O&M) costs.

The report includes global capacity forecasts for the period 2016-2026, and regional forecasts for each of Europe, Asia-Pacific and North America. These were produced based on the information Windpower Intelligence holds about offshore wind projects in the pipeline, moderated through linear regression analysis on historical installed capacity and an assessment of individual countries’ policies and offshore wind targets, when available.

For our analysis and forecasts we used a snapshot of the database taken on 05 Dec 2016. Any new developments at projects that Windpower Intelligence recorded after that date is not reflected in this report.

For the O&M Appendix we produced cost assumptions based on the expert industry knowledge and research of our contributing authors. We produced three cost scenarios to 2026 for the global market, Europe, Asia-Pacific and North America.

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