Wind energy is a renewable form of energy that is extensively used globally. The logistics of wind energy equipment involves transportation, installation, and commissioning of oversized wind energy equipment, such as turbines, generators, blades, towers, and nacelles, to aid the large-scale setting up of onshore and offshore wind energy plants. The rise in demand for offshore wind power generation and supportive government policies augments the market outlook over the projected period. The upcoming projects in coming years hold potential opportunity for transportation activities which in turn drives the market growth over the forecast period.
MARKET SCOPE
The "Global Offshore Wind Logistics Market Analysis to 2028" is a specialized and in-depth study of the renewable energy components with a special focus on the global market trend analysis. The report aims to provide an overview of the offshore wind turbine logistics market with detailed market segmentation by offering, mode of transport and geography. The report provides key statistics on the market status of the leading offshore wind logistics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of offering the market is segmented into port logistics and offshore transport
- On the basis of mode of transport, the market is segmented as vessel, helicopter, drones, and others
MARKET DYNAMICS
Drivers:
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o Rise in demand for offshore wind power generation
o Supportive government policies augments the market outlook
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o High capaital cost restraints the market growth
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). The offshore wind logistics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the offshore wind logistics market in these regions.
IMPACT OF COVID-19 ON OFFSHORE WIND LOGISTICS MARKET
The emergence of the COVID-19 has severely impacted the renewable energy industries, which resulted decline in the demand for power generation in the year 2020. The demand for offshore wind logistics are directly proportional to the demand for wind power projects. Wind projects have been negatively impacted amid the lockdown imposed due to the COVID-19 outbreak and recorded a huge decline in demand for offshore wind logistics market. The manufacturing of wind turbine components of the wind project was halted for a specific period due to high peak of COVID-19, which highly impacted the demand of offshore wind logistics. Furthermore, import and export activities were significantly impacted, which, in turn, adversely affected the global market. However, from 2021 the ease in restrictions and reopening of industries have accelerated the rise in number of wind power projects which further helped the market to grow over the covid recovery period.
MARKET PLAYERS
The report covers key developments in the offshore wind logistics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources 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 the expansion of business and customer base of market players. The market players in offshore wind logistics market are anticipated to get lucrative growth opportunities in the future owing increase in number of wind farm projects.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the offshore wind logistics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Rhenus Group
- Liberty Green Logistic
- Wind World (India) Limited
- North Sea Logistics
- ?rsted
- Siemens Gamesa
- COSCO Heavy Transport
- Crowley Maritime Corporation
- Mitsui O.S.K.Lines
- Trans Global