Offshore Hydropower Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
Hydropower is force, a form of energy obtained from the power of moving water. It is widely used to generate electricity, among many other important applications. The global offshore hydropower market can be driven by the many benefits it must provide. The most important of these is pollution control. Hydropower refers to flexible and versatile technologies that are driving the growth of the global offshore hydropower market. It can power at least one home and up to the entire industry. We can also provide renewable energy to the public. Considering the power generation capacity, it occupies 8 of the 10 largest power plants in the world.
MARKET DYNAMICS
Increasing demand for energy from renewable sources has helped boost the momentum of the offshore hydropower market. On the other hand, the adverse effects on wildlife and the environment caused by building a large-scale production system will suppress the market to some extent. Multiple permits are required to build a large manufacturing facility. Such strict regulations pose serious challenges to the market. In addition, the high initial investment required to install these systems threatens market growth. Nevertheless, the market is expected to greatly benefit from the energy storage benefits provided by pumped storage power plants. However, during the forecast period of the report, small and micro hydropower plants are expected to report the highest CAGR. Increasing global demand for distributed generation provides significant impetus for the global offshore hydropower market.
MARKET SCOPE
The "Global Offshore Hydropower Market Analysis to 2028" is a specialized and in-depth study of the offshore hydropower market with a special focus on the global market trend analysis. The report aims to provide an overview of the offshore hydropower market with detailed market segmentation by storage type, application, and geography. The global offshore hydropower market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading offshore hydropower market players and offers key trends and opportunities in the offshore hydropower market.
MARKET SEGMENTATION
The global offshore hydropower market is segmented based on type and application. On the basis of its type, offshore hydropower market can be segmented into the large power plants(30mw), small power plants(100kw-30mw) and micro power plants. Based on application, offshore hydropower market can be segmented into power generation and impoundment.
IMPACT OF COVID-19 ON OFFSHORE HYDROPOWER MARKET
The blockade imposed by the COVID-19 pandemic has temporarily banned import / export, manufacturing and processing activities in various industries and utilities, reducing electricity demand from these consumers. In addition, the construction and freezing of new power infrastructure, renewable power plants, grids and other power plants due to labor unavailability and widening supply-demand gaps is projected to impede market growth during the pandemic.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Offshore Hydropower Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Offshore Hydropower Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Offshore Hydropower Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the offshore hydropower market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Offshore Hydropower Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Offshore Hydropower Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Offshore Hydropower Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the offshore hydropower market in these regions.
MARKET PLAYERS
The reports cover key developments in the offshore hydropower market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from offshore hydropower market are anticipated to lucrative growth opportunities in the future with the rising demand for offshore hydropower market. Below mentioned is the list of few companies engaged in the offshore hydropower market.
The report also includes the profiles of key offshore hydropower market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Siemens
- China Yangtze Power
- Iberdrola
- Alstom
- Bronzeoak Philippines
- Calpine Corp
- Hydrochina International Engineering
- NextEra Energy
- Calpine Corp
- China Yangtze Power
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Offshore Hydropower Market - By Type
1.3.2 Offshore Hydropower Market - By Application
1.3.3 Offshore Hydropower Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OFFSHORE HYDROPOWER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. OFFSHORE HYDROPOWER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. OFFSHORE HYDROPOWER MARKET - GLOBAL MARKET ANALYSIS
6.1. OFFSHORE HYDROPOWER - GLOBAL MARKET OVERVIEW
6.2. OFFSHORE HYDROPOWER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. OFFSHORE HYDROPOWER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LARGE POWER PLANTS(30MW)
7.3.1. Overview
7.3.2. Large Power Plants(30MW) Market Forecast and Analysis
7.4. SMALL POWER PLANTS(100KW-30MW)
7.4.1. Overview
7.4.2. Small Power Plants(100KW-30MW) Market Forecast and Analysis
7.5. MICRO POWER PLANTS (100 KW)
7.5.1. Overview
7.5.2. Micro Power Plants (100 KW) Market Forecast and Analysis
8. OFFSHORE HYDROPOWER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. POWER GENERATION
8.3.1. Overview
8.3.2. Power Generation Market Forecast and Analysis
8.4. IMPOUNDMENT
8.4.1. Overview
8.4.2. Impoundment Market Forecast and Analysis
9. OFFSHORE HYDROPOWER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Offshore Hydropower Market Overview
9.1.2 North America Offshore Hydropower Market Forecasts and Analysis
9.1.3 North America Offshore Hydropower Market Forecasts and Analysis - By Type
9.1.4 North America Offshore Hydropower Market Forecasts and Analysis - By Application
9.1.5 North America Offshore Hydropower Market Forecasts and Analysis - By Countries
9.1.5.1 United States Offshore Hydropower Market
9.1.5.1.1 United States Offshore Hydropower Market by Type
9.1.5.1.2 United States Offshore Hydropower Market by Application
9.1.5.2 Canada Offshore Hydropower Market
9.1.5.2.1 Canada Offshore Hydropower Market by Type
9.1.5.2.2 Canada Offshore Hydropower Market by Application
9.2. EUROPE
9.2.1 Europe Offshore Hydropower Market Overview
9.2.2 Europe Offshore Hydropower Market Forecasts and Analysis
9.2.3 Europe Offshore Hydropower Market Forecasts and Analysis - By Type
9.2.4 Europe Offshore Hydropower Market Forecasts and Analysis - By Application
9.2.5 Europe Offshore Hydropower Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Offshore Hydropower Market
9.2.5.1.1 Germany Offshore Hydropower Market by Type
9.2.5.1.2 Germany Offshore Hydropower Market by Application
9.2.5.2 France Offshore Hydropower Market
9.2.5.2.1 France Offshore Hydropower Market by Type
9.2.5.2.2 France Offshore Hydropower Market by Application
9.2.5.3 Italy Offshore Hydropower Market
9.2.5.3.1 Italy Offshore Hydropower Market by Type
9.2.5.3.2 Italy Offshore Hydropower Market by Application
9.2.5.4 United Kingdom Offshore Hydropower Market
9.2.5.4.1 United Kingdom Offshore Hydropower Market by Type
9.2.5.4.2 United Kingdom Offshore Hydropower Market by Application
9.2.5.5 Russia Offshore Hydropower Market
9.2.5.5.1 Russia Offshore Hydropower Market by Type
9.2.5.5.2 Russia Offshore Hydropower Market by Application
9.2.5.6 Rest of Europe Offshore Hydropower Market
9.2.5.6.1 Rest of Europe Offshore Hydropower Market by Type
9.2.5.6.2 Rest of Europe Offshore Hydropower Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Offshore Hydropower Market Overview
9.3.2 Asia-Pacific Offshore Hydropower Market Forecasts and Analysis
9.3.3 Asia-Pacific Offshore Hydropower Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Offshore Hydropower Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Offshore Hydropower Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Offshore Hydropower Market
9.3.5.1.1 Australia Offshore Hydropower Market by Type
9.3.5.1.2 Australia Offshore Hydropower Market by Application
9.3.5.2 China Offshore Hydropower Market
9.3.5.2.1 China Offshore Hydropower Market by Type
9.3.5.2.2 China Offshore Hydropower Market by Application
9.3.5.3 India Offshore Hydropower Market
9.3.5.3.1 India Offshore Hydropower Market by Type
9.3.5.3.2 India Offshore Hydropower Market by Application
9.3.5.4 Japan Offshore Hydropower Market
9.3.5.4.1 Japan Offshore Hydropower Market by Type
9.3.5.4.2 Japan Offshore Hydropower Market by Application
9.3.5.5 South Korea Offshore Hydropower Market
9.3.5.5.1 South Korea Offshore Hydropower Market by Type
9.3.5.5.2 South Korea Offshore Hydropower Market by Application
9.3.5.6 Rest of Asia-Pacific Offshore Hydropower Market
9.3.5.6.1 Rest of Asia-Pacific Offshore Hydropower Market by Type
9.3.5.6.2 Rest of Asia-Pacific Offshore Hydropower Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Offshore Hydropower Market Overview
9.4.2 Middle East and Africa Offshore Hydropower Market Forecasts and Analysis
9.4.3 Middle East and Africa Offshore Hydropower Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Offshore Hydropower Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Offshore Hydropower Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Offshore Hydropower Market
9.4.5.1.1 South Africa Offshore Hydropower Market by Type
9.4.5.1.2 South Africa Offshore Hydropower Market by Application
9.4.5.2 Saudi Arabia Offshore Hydropower Market
9.4.5.2.1 Saudi Arabia Offshore Hydropower Market by Type
9.4.5.2.2 Saudi Arabia Offshore Hydropower Market by Application
9.4.5.3 U.A.E Offshore Hydropower Market
9.4.5.3.1 U.A.E Offshore Hydropower Market by Type
9.4.5.3.2 U.A.E Offshore Hydropower Market by Application
9.4.5.4 Rest of Middle East and Africa Offshore Hydropower Market
9.4.5.4.1 Rest of Middle East and Africa Offshore Hydropower Market by Type
9.4.5.4.2 Rest of Middle East and Africa Offshore Hydropower Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Offshore Hydropower Market Overview
9.5.2 South and Central America Offshore Hydropower Market Forecasts and Analysis
9.5.3 South and Central America Offshore Hydropower Market Forecasts and Analysis - By Type
9.5.4 South and Central America Offshore Hydropower Market Forecasts and Analysis - By Application
9.5.5 South and Central America Offshore Hydropower Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Offshore Hydropower Market
9.5.5.1.1 Brazil Offshore Hydropower Market by Type
9.5.5.1.2 Brazil Offshore Hydropower Market by Application
9.5.5.2 Argentina Offshore Hydropower Market
9.5.5.2.1 Argentina Offshore Hydropower Market by Type
9.5.5.2.2 Argentina Offshore Hydropower Market by Application
9.5.5.3 Rest of South and Central America Offshore Hydropower Market
9.5.5.3.1 Rest of South and Central America Offshore Hydropower Market by Type
9.5.5.3.2 Rest of South and Central America Offshore Hydropower Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. OFFSHORE HYDROPOWER MARKET, KEY COMPANY PROFILES
11.1. SIEMENS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CHINA YANGTZE POWER
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. IBERDROLA
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ALSTOM
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BRONZEOAK PHILIPPINES
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CALPINE CORP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HYDROCHINA INTERNATIONAL ENGINEERING
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NEXTERA ENERGY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. CALPINE CORP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. CHINA YANGTZE POWER
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List Of Companies
- Siemens
- China Yangtze Power
- Iberdrola
- Alstom
- Bronzeoak Philippines
- Calpine Corp
- Hydrochina International Engineering
- NextEra Energy
- Calpine Corp
- China Yangtze Power
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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