Aarkstore – World Offshore Wind Market Forecast 2015-2024

offshore windNow in its sixth edition, the new Douglas-Westwood (DW) World Offshore Wind Market Forecast provides a ten year view of the sector through to 2024. Cumulative offshore wind capacity is forecast to reach 57GW, driven by the continued development of established markets such as the UK, Germany and China and bolstered by emerging markets including the US and France.Over 5.3GW of capacity is expected to be installed in 2015, with additions anticipated to remain on an upward trend, peaking at 7.5GW in 2020. Capital Expenditure will total €240 billion (bn) between 2015 and 2024. However, these figures only include projects which have passed the conceptual phase of development, resulting in a large potential for upside post-2020 totalling €60bn.

Capital costs have reduced recently, predominantly due to the larger sizes of turbines installed, resulting in less infrastructure (such as support structures) being required. This upsizing presents new challenges for installation contractors but should result in lower operational expenditures once wind farms become operational.The UK will install more than 11GW over the next ten years, with most of this expected to occur by 2022, as Round 3 developments take place. Germany will also install over 11GW, with a longer term outlook predicting activity levels will recover in 2018 following a slowdown in 2016-17. China is expected to install over 8GW of capacity – this is lower than previously targeted, but still represents a strong growth market.Emerging markets include countries such as the US and France, which are expected to have their first operational wind farms in 2015 and 2017 respectively. The US is expected to install 1.8GW of offshore capacity over the next decade, and France 3.2GW. Other emerging markets include countries with historically low levels of offshore wind activity, such as Sweden, Denmark and Belgium.

Browse full report @ http://www.aarkstore.com/energy-resources/156687/world-offshore-wind-market-forecast-2015-2024

Table of Content :

1 Summary and Conclusions
2 Drivers and Indicators
Political Drivers
Economic Drivers
Low Carbon Power Generation
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

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Published by Anjali Kalan

Director of Aarkstore.com, Aarkstore is amongst the best market research platform on the internet with online database of spanning several industry categories like healthcare, defense, FMCG etc. It aims at enhancing business opportunities by providing intensive market research reports tapping every possible segment based on geography, consumers, consumer behavior, current industry trends and a lot more. It has a widespread data on profiles and reports through crisp online industry analysis. Aarkstore also furnishes customized reports, SWOT analysis on companies and markets, providing a cutting edge view to the intricacies of business possibilities.

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