Welcome!

News Feed Item

World Offshore Wind Market Forecast 2013-2022

LONDON, Jan. 6, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

World Offshore Wind Market Forecast 2013-2022

Offshore wind spending set to average almost €15 billion per year over the next ten years

Douglas-Westwood forecast offshore wind installations averaging 3.2 GW per year over the next ten years with capital expenditure hitting a peak of ?18bn in 2016. This report presents a new longer-term forecast and examines the key commercial developments since the last publication to provide detailed insight to established players and new entrant alike.

The increase in turbine capacity is considered to be one of the key factors for reducing the cost of energy, and European offshore wind developers will be specifying larger wind turbines with capacities of 5MW or greater. The size of the components for these future wind turbines will create unique challenges for installers, foundation designers and service providers.

As the industry seeks to reduce costs, a new generation of wind turbines designed around the unique requirements of the offshore environment are being rolled out with European project developers increasingly choosing to specify larger models with power outputs of 5 MW or more. The size of the components for these future wind turbines creates a unique set of challenges for installers, foundation designers and service providers.

A new manufacturing supply chain focused on the Northern European markets is slowly developing to meet demand with significant investments being made in aspects such as port infrastructure and foundation manufacturing capacity. At the same time, it will be crucial to leverage the experience and additional supply chain capacity from the offshore oil and gas sector.

The report highlights a series of challenges which are acting to constrain development, including the high cost levels in the industry. Capital outlays and recurring operational spending mean that subsidies are required to support development, at a time when the public finances in key markets such as the UK and Germany are squeezed and the consumer is seeing an upward trend in energy prices. This makes it increasingly difficult for governments to justify support, leading to a focus on identifying cost reduction strategies including standardisation of business practices and development of larger wind turbines designed specifically for the offshore environment.

From a financing perspective the risks associated with offshore construction, new wind turbine technology and offshore operations have made it difficult for project developers to tap into new sources of capital. The current dependence on global utilities to self-fund projects is unsustainable in the long-run, leading to a potential funding gap in the future. As larger players continue to enter the market, often from the offshore oil & gas sector, and new wind turbines reliability is proven over a sustained period of time, it is hoped that new investors will become more comfortable with the risk profile.

Table of Contents

1 Summary and Conclusions
• Summary
• Conclusions

2 Drivers and Indicators
• Overview
• Political Drivers
• Economic Drivers
• Low Carbon Energy

3 Offshore Wind Project Development
• Offshore Wind Project Life-Cycle
• Offshore Wind Project Costs Structure
• Capex Phase 1: Planning & Development
• Capex Phase 1: Wind Turbine
• Capex Phase 1: Balance of Plant
• Capex Phase 1: Installation
• Opex Phase
• Capex Phase 2: Decommissioning
• Offshore Wind Supply Chain

4 Commercial Insights
• Project Scale
• Supply Chain
• Supply Chain
• Capital and Life-time Costs
• Risk Profile
• Financing Challenges
• Contracting Strategies
• Industry Challenges
• Technology: Wind Turbines
• Technology: Support Structures
• Key Markets
• Key Markets: UK
• Key Markets: Germany
• Key Markets: Denmark
• Key Markets: Belgium
• Key Markets: Netherlands
• Key Markets: China
• Emerging Markets

5 Market Forecasts
• Methodology
• Added Capacity by Country
• Cumulative Capacity by Country
• Capital Expenditure by Country
• Annual Capital Expenditure by Type
• Operational Expenditure
• Segment Forecasts: Wind Turbines by Country
• Segment Forecasts: Wind Turbines by Size
• Segment Forecasts: Wind Turbines by Manufacturer
• Segment Forecasts: Support Structures
• Segment Forecasts: Cables
• Segment Forecasts: Offshore Substations
• Segment Forecasts: Vessels

6 Appendix
• Data and Text Conventions

Figures and Tables

• Figure 1: Global Offshore Wind Added Capacity by Country, 2013-2022
• Figure 2: Capital Expenditure by Country, 2013-2022
• Figure 3: Drivers for Offshore Wind - Overview
• Figure 4: EU 2020 Targets - Progress to Date
• Figure 5: Renewable Energy Incentive Mechanisms in Key Markets
• Figure 6: Global Primal Energy Demand Growth - Historic
• Figure 7: EU Energy Dependency, 2011
• Figure 8: Global electricity Generation Forecast
• Figure 9: Levelised Cost of Energy - Key Technologies
• Figure 10: Offshore Wind Project Cycle
• Figure 11: Offshore Wind Cost Breakdown by Project Phase - Capex, Opex, Decommissioning
• Figure 12: Offshore Wind Supply Chain Overview
• Figure 13: Projects scale: average project capacity, distance from shore and water depth
• Figure 14: Offshore Wind Capex Drivers
• Figure 15: Offshore Wind Average Project Capex, 2000-2022
• Figure 16: Planning & Development Time Lines, UK
• Figure 17: Size Evolution of Wind Turbines
• Figure 18: Aerogenerator X
• Figure 19: Two-bladed Offshore Wind Turbine
• Figure 20: Types of Floating Foundations
• Figure 21: Offshore Wind Installed Capacity, 2012
• Figure 22: Cumulative Online* Capacity, UK, 2008-2012
• Figure 23: Cumulative Online* Capacity, Germany, 2008-2012
• Figure 24: Cumulative Online* Capacity, Denmark, 2008-2012
• Figure 25: Cumulative Online* Capacity, Belgium, 2008-2012
• Figure 26: Cumulative Online* Capacity, Netherlands, 2008-2012
• Figure 27: Cumulative Online* Capacity,China 2008-2012
• Figure 28: Offshore Wind Projects' Status Methodology
• Figure 29: Offshore Wind Cumulative Capacity Forecast, 2022
• Figure 30: Added Capacity by Country, 2013-2022
• Figure 31: Cumulative Capacity by Country, 2013-2022
• Figure 32: Capital Expenditure by Country, 2013-2022
• Figure 33: Expected Annual Offshore Wind Capex, 2013-2022
• Figure 34: Planning & Development Annual Capex 2013-2022, € millions
• Figure 36: Balance of Plant Annual Capex 2013-2022, € millions
• Figure 35: Wind Turbine Annual Capex 2013-2022, € millions
• Figure 37: Installation Annual Capex 2013-2022, € millions
• Figure 38: Operational Expenditure by Country, 2013-2022
• Figure 39: Wind Turbines Installed by Country, 2013-2022
• Figure 40: Wind Turbines Installed by Size, 2013-2022
• Figure 41: Wind Turbine Installed by Manufacturer, 2013-2022
• Figure 42: Support Structures Installed by Type, 2013-2022
• Figure 43: Total Cable Length Installed by Country, 2013-2022
• Figure 44: Offshore Substations Installed by Country, 2013-2022
• Figure 45: Installation Vessels Required by Type, 2013-2022
• Figure 46: Personnel Transfer Vessels Required, 2013-2022
• Table 1: Support Structures Types Comparison
• Table 2: Support Structures Types Comparison
• Table 3: Contracting strategies
• Table 4: Emerging Markets
• Table 5: Added Capacity by Country, 2013-2022
• Table 6: Cumulative Capacity by Country, 2013-2022
• Table 7: Capital Expenditure by Country, 2013-2022
• Table 8: Operational Expenditure by Country, 2013-2022
• Table 9: Wind Turbine Installed by Country, 2013-2022
• Table 10: Wind Turbine Installed by Size, 2013-2022
• Table 11: Wind Turbine Installed by Manufacturer, 2013-2022
• Table 12: Foundations Installed by Type, 2013-2022
• Table 13: Total Cable Length by Country, 2013-2022
• Table 14: Total Cable Length by Type, 2013-2022
• Table 15: Offshore Substations Length by Country, 2013-2022
• Table 16: Offshore Substations by Type, 2013-2022
• Table 17: Installation Vessels Required by Type, 2013-2022
• Table 18: Personnel Transfer Vessels Required, 2013-2022

Read the full report:
World Offshore Wind Market Forecast 2013-2022
http://www.reportbuyer.com/energy_utilities/alternative_renewable/wind_power/world_offshore_wind_market_forecast_2013_2022.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=NoCategory

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]  
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera MyS...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Unless your company can spend a lot of money on new technology, re-engineering your environment and hiring a comprehensive cybersecurity team, you will most likely move to the cloud or seek external service partnerships. In his session at 18th Cloud Expo, Darren Guccione, CEO of Keeper Security, revealed what you need to know when it comes to encryption in the cloud.
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection. In his session at 18th Cloud Expo, Bradley Holt, a Developer Advocate with IBM Cloud Data Services, discussed...
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.