Get more info on this report!Offshore Wind Farm Manufacturing WorldwideApril 1, 2010The global move to offshore wind farm ...
Companies involved in the manufacturing and distribution of products related to offshorewind energy are expecting 2010 to ...
Table of ContentsChapter 1: Executive Summary     Global Offshore Wind Market Value Exceeds $46 Billion     Table 1-1: Glo...
Future Foundation DesignsChapter 3: Global Activities in Offshore Wind Energy     Consumption of All Renewable Energy     ...
Table 3-20: CAGR of Onshore Wind Energy Capacity in North America, 2010      and 2015 (in MW)      Trends Affecting Offsho...
Table 4-14: Country Share of U.S. Domestic Imports of Industrial Fans andBlowers for Offshore Wind Farm Manufacturing, 200...
Table 4-32: Total Global Market Value of Offshore Wind Energy Manufacturing,      2010 and 2015 (in $ millions)Chapter 5: ...
Federal Incentives       Public Relations Woes for Wind Energy       AWEA Defends Wind TurbinesAvailable immediately for O...
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Offshore Wind Farm Manufacturing Worldwide

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Offshore Wind Farm Manufacturing Worldwide

  1. 1. Get more info on this report!Offshore Wind Farm Manufacturing WorldwideApril 1, 2010The global move to offshore wind farm development is enabling nations to acceleratewind energy adoption while reducing reliance on land-based power grids. Offshore windturbines are subjected to fiercer winds and require larger turbines than land-based windinitiatives. But these benefits typically can increase the overall cost of offshoremanufacturing and maintenance of wind turbines. Capital costs are approximately 30-50% higher than onshore, due to larger machine size and the costs of transporting andinstalling at sea. These expenses are partially offset by higher energy yields - as muchas 30%. But many countries are finding the benefits to offshore outweigh these addedexpenditures. Offshore wind energy has a reduced effect on the environment and higherwind speeds at sea result in increased energy production.Leading wind energy producers in Europe, Asia, and the Americas are embracingoffshore as an important component of future expansion and adoption of renewableenergy use. The first large offshore wind farms are well in development in severalEuropean countries. Developing offshore wind can enable these nations to achievecompetitive electricity markets, reach a larger degree of energy inde¬pendence, andensure lower and more predictable overall project costs. This SBI Energy report,Offshore Wind Farm Manufacturing Worldwide explores the revenue generatingpotential for companies involved in this burgeoning renewable energy area.Read an excerpt from this report below.Additional InformationMarket Insights: A Selection From The ReportChapter 3 Global Activities inOffshore Wind Energy
  2. 2. Companies involved in the manufacturing and distribution of products related to offshorewind energy are expecting 2010 to be a highly productive year as many global projectscome to fruition and others get underway. Nations eager to accelerate their offshorewind energy commitments have been challenged by weakened economies since late2008. But with signs that the global recession is waning, coupled with an influx ofeconomic stimulus funds and tax breaks for renewable energy initiatives, manufacturersare preparing for a surge in production of offshore wind turbine components. They arefocusing their efforts on shoring up inventories and securing business contracts inregions where offshore wind energy projects are expected to grow during the next fiveyear. This chapter examines the global trends and activities among countries that areembracing offshore wind as a viable renewable energy source. Offshore wind currentlyaccounts for a small amount of the total installed wind power capacity in the world -approximately 8%. But SBI Energy expects that the development of offshore wind farmswill grow its share of total installed wind capacity to nearly 40% in some Asian territoriesby 2015. And that has manufacturers of turbine components and foundations hungry toseize this ocean of opportunity.So far, manufacturing activity has focused on northern European counties, around theNorth Sea and the Baltic Sea, where about 20 projects have been implemented. But theexpected benefits of higher wind speeds and the lower visual impact of the largerturbines has led many countries, particularly in Europe, to set more ambitious goals foroffshore wind initiatives. Although the investment costs are considerably higher foroffshore than for onshore wind farms, they are partly offset by a higher total electricityproduction from the turbines.Offshore wind power will be vital for Europe’s future as it will help solve the continent’sclimate dilemma by exploiting a natural resource that does not emit greenhouse gasesand reduces the region’s dependence on costly fuel imports. These reasons for offshorewind farm development have been recognized by the European Commission in its 2008Communication “Offshore Wind Energy: Action Needed to Deliver on the Energy PolicyObjectives for 2020 and Beyond.” Through 2020, according to the Commission, 360GW of new electricity capacity - 50% of current EU capacity - needs to be built toreplace ageing European power plants and meet the expected increase in demand.Europe must use the opportunity created by the large turnover in capacity to construct anew, modern power system capable of meeting the energy and climate challenges ofthe 21st century while enhancing Europe’s competitiveness and energy independence.By 2020, the EC expects that half of public and private investments in renewable energywill go to offshore wind farms.
  3. 3. Table of ContentsChapter 1: Executive Summary Global Offshore Wind Market Value Exceeds $46 Billion Table 1-1: Global Market Value of Onshore and Offshore Wind Energy Manufacturing, 2010 (in $ millions) Figure 1-1: Offshore Wind Energy Manufacturing Market Value in 2010 by Region, Expressed as a Percentage of Total Wind Energy Manufacturing Market Value of Offshore Foundation Manufacturing Strong Potential for Offshore Wind Energy Manufacturing Figure 1-2: Cost of Offshore Turbine Project ($ thousand/MW) Table 1-2: Earnings of Offshore MW Installed, 2010 to 2015, by Region (in $ per MW) The Global Offshore Wind Energy Picture Table 1-3: Total Offshore and Onshore Wind Energy Installed Capacity, by Region, 2007 to 2010 (in MW) Table 1-4: Global Forecast of Offshore Wind Energy Generating Capacity, by Region, 2010 to 2015 (in MW) Europe’s Long-term Commitment Lies Offshore Table 1-5: Share of Total European Installed Wind Energy Capacity, 2006 to 2010 (in MW) Table 1-6: Total European Offshore Wind Power Installations, 2010 to 2015 (in MW) U.S. Grows Interest in Offshore Wind Energy China is Leading Asia’s Offshore Efforts Table 1-7: Offshore Wind Energy Capacity Installed in Asia, 2010 to 2015 (in MW) Offshore Wind Farm Development Challenges Offshore Wind Research Developments Wind Turbine Product Innovation Innovations in Electricity Grid Integration U.S. Offshore Wind Farm Innovations Innovations in Offshore Foundations Offshore Market will Reach $78.5B by 2015 Table 1-8: Global Market Value of Offshore Wind Energy Manufacturing, by Region, 2010 to 2015 (in $ millions)Chapter 2: Introduction and Overview Report Scope Methodology Terminology Wind Turbine Components Table 2-1: Turbine Component Weights and Costs Birth of an Offshore Wind Farm Maintenance Requirements Structural and Connection Requirements Foundation Requirements
  4. 4. Future Foundation DesignsChapter 3: Global Activities in Offshore Wind Energy Consumption of All Renewable Energy Table 3-1: Global Consumption of Energy by Type and Country Group (in Quadrillion BTUs) Table 3-2: Renewable Energy Consumption by Energy Use Sector and Energy Source in, 2002-2010 (Quadrillion BTUs) Figure 3-1: Share of Consumption of Renewable BTU Energy in the U.S., by Source, 2002 and 2010 Table 3-3: Electricity Generation Capacity, by Source and Region, 2009 and 2015 (GwH) The Global Offshore Wind Energy Picture Table 3-4: Total Offshore and Onshore Wind Energy Installed Capacity, by Region, 2007 to 2010 (in MW) Table 3-5: Global Forecast of Offshore Wind Energy Generating Capacity, by Region, 2010 to 2015 (in MW) Table 3-6: Global Share of Installed Offshore Wind Energy Capacity, 2010 and 2015 Table 3-7: Global Onshore Wind Energy Installed Capacity, by Region, 2010 to 2015 Table 3-8: Global Onshore Wind Energy Share of Total Installed Capacity, 2010 and 2015 Figure 3-2: Regional Share of Offshore Wind Energy Installed Capacity to Total Wind Energy Installed Capacity, 2010 to 2015 Table 3-9: CAGR of Total Wind Energy Installed Capacity, by Region, 2010 to 2015 (in MW) Table 3-10: Share of Total Wind Energy Installed Capacity by Region, 2010 and 2015 Europe’s Long-term Commitment Lies Offshore Table 3-11: Share of Total European Installed Wind Energy Capacity, 2006 to 2010 (in MW) Table 3-12: European Wind Installation Specifications Figure 3-3: Share of Offshore and Onshore Wind Energy Capacity by European Country, 2010 Table 3-13: Total European Offshore Wind Power Installations, 2010 to 2015 (in MW) Table 3-14: European Offshore Wind Energy Capacity Growth, 2010 to 2015 Table 3-15: Offshore and Onshore Installed Capacity in Europe Table 3-16: Total Europe Installed MW of Wind Energy, 2007, 2008 and 2010 Table 3-17: Offshore and Onshore Wind Energy Installations in Europe, 2010 to 2015 U.S. Grows Interest in Offshore Wind Energy Table 3-18: Top States with Cumulative Wind Power Capacity, 2007 to 2010 (in MW) Table 3-19: Total North American Offshore Wind Energy Capacity, 2010 to 2015 (in MW)
  5. 5. Table 3-20: CAGR of Onshore Wind Energy Capacity in North America, 2010 and 2015 (in MW) Trends Affecting Offshore Growth in the U.S. China is Leading Asia’s Offshore Efforts Table 3-21: Offshore Wind Energy Capacity Installed in Asia, 2010 to 2015 (in MW) Table 3-22: Installed Wind Power Capacity in Asia, 2006 to 2010 (in MW) Table 3-23: Total Wind Energy Capacity Installed in Asia, 2010 and 2015 (in MW) Table 3-24: Total Onshore Wind Energy Capacity Installed in Asia, 2010 and 2015 (in MW)Chapter 4: The Global Offshore Wind Energy Market Table 4-1: Global Market Value of Onshore and Offshore Wind Energy Manufacturing, 2010 (in $ millions) Table 4-2: Growth of Global Offshore Wind Energy Manufacturing Market Value, 2006 to 2010 (in $ millions) Figure 4-1: Compound Annual Growth Rates of Offshore Wind Energy Manufacturing, by Region, 2006 to 2010 Offshore Manufacturing is Small Percentage of Total Wind Energy Market Figure 4-2: Offshore Wind Energy Manufacturing Market Value in 2010, by Region (Expressed as a Percentage of Total Wind Energy Manufacturing) Table 4-3: NAICS Codes and Descriptions of Wind Turbine Components Table 4-4: NAICS Codes and Descriptions of Wind Turbine Subcomponents..59 Caveat to Using the 6-digit NAICS Codes Imports and Exports of Wind Turbine Components Table 4-5: Total U.S. Shipments of Wind Turbine Subcomponents, 2006 to 2010 (in millions) Shipment Value of Wind Turbine Components Table 4-6: Share of U.S. Shipment Value of Wind Turbine Subcomponents, 2006 and 2010 (in millions) Table 4-7: U.S. Domestic Imports of Wind Turbine Subcomponents, 2006 to 2010 (in millions) Table 4-8: Share of U.S. Domestic Imports of Wind Turbine Subcomponents, 2009 vs. 2010 Table 4-9: Growth of U.S. Domestic Exports of Wind Turbine Subcomponents, 2002 to 2008 (in millions) Trade Value of Wind Energy Components Used in Offshore Manufacturing Table 4-10: U.S. Market Value of Subcomponents Used to Manufacture for Offshore Wind Turbines (in $ millions) Table 4-11: Total Market Value of U.S. Wind Turbine Manufacturing, 2006 vs. 2010 (in $ millions) Table 4-12: U.S. Shipments of Subcomponents Used to Manufacture Offshore Wind Turbines (in $ millions) Table 4-13: U.S. Shipments of Offshore Wind Energy Components Expressed as a Percentage of Total Wind Energy Component Shipments China is Greatest Exporter of Fans and Blowers
  6. 6. Table 4-14: Country Share of U.S. Domestic Imports of Industrial Fans andBlowers for Offshore Wind Farm Manufacturing, 2006 vs. 2010 (in $ millions)Table 4-15: Country Share of U.S. Domestic Imports of Turbine and GeneratorSets used for Offshore Wind Energy, 2006 vs. 2010 (in $ millions)Imports of Measuring and Controlling DevicesTable 4-16: U.S. Imports of Measuring and Controlling Devices Used for OffshoreWind Energy Manufacturing, 2006 and 2010 (in $ millions)Table 4-17: U.S. Import Value of Motors and Generators Used for Offshore WindEnergy Manufacturing, 2006 and 2010Market Value of Offshore Foundation ManufacturingTable 4-18: Global Market Value of Offshore Wind Energy FoundationManufacturing, by Type of Foundation, 2009 vs. 2010 (in $ millions)Table 4-19: Global Market Value of Offshore Wind Energy FoundationManufacturing, by Region, 2009 vs. 2010 (in $ millions)Table 4-20: Global Market Value of Offshore Wind Energy FoundationManufacturing by European Country , 2009 vs. 2010 (in $ millions)Strong Potential for Offshore Wind Energy ManufacturingFigure 4-3: Cost of Offshore Turbine Project ($ thousand/MW)Table 4-21: Earnings of Offshore MW Installed, by Region, 2010 to 2015 (in $ perMW)Figure 4-4: Producer Price Index Trend of Wind Turbine PartsEmployment OutlookTable 4-22: Percent Distribution of Employment and Establishments in MachineryManufacturing by Sector, 2006Table 4-23: Number of Current and Projected U.S. Jobs in TurbineManufacturing, 2006 and 2016Table 4-24: Total U.S. Employees in Turbine Subcomponent ManufacturingTable 4-25: European Employment Forecast for Onshore and Offshore WindEnergy Initiatives, 2008 to 2030Offshore Market will Reach $78.5B by 2015Table 4-26: Global Market Value of Offshore Wind Energy Manufacturing, 2010to 2015 (in $ millions)Table 4-27: Global Forecast of Offshore Wind Energy Manufacturing, 2010 and2015 (in $ millions)Table 4-28: Global Share of Market Value of Offshore Wind EnergyManufacturing, 2010 and 2015Figure 4-5: Forecast of Dollars Earned per Megawatts of Offshore InstalledCapacity Worldwide, 2010 to 2015Table 4-29: Projected Market Value of Offshore Wind Energy FoundationManufacturing, 2009, 2010 and 2015 (in $ millions)Table 4-30: Global Market Value of Offshore Wind Energy FoundationManufacturing by Region, 2009, 2010 and 2015 (in $ millions)Table 4-31: Projected Market Value of Offshore Wind Energy FoundationManufacturing in Europe, 2009, 2010 and 2015Figure 4-6: Global Share of Offshore Wind Energy to Total Wind EnergyManufacturing, by Region, 2010 and 2015
  7. 7. Table 4-32: Total Global Market Value of Offshore Wind Energy Manufacturing, 2010 and 2015 (in $ millions)Chapter 5: Competitive Profiles GE Energy Overview and Performance Figure 5-1: General Electric Co. Infrastructure Division Revenues and Year-Over- Year Growth, 2004 to 2009 (e) (in $billions) Table 5-1: General Electric Revenues, 2004 to 2009 (e) (in $ billions) Figure 5-2: Share of General Electric Revenue for 2009, by GE Business Unit in $ billions) Research & Development Mitsubishi Heavy Industries Overview and Performance Table 5-2: Mitsubishi Heavy Industries Revenues, 2008 and 2009, by Division (in $ billions) Significant Developments Siemens Power Generation Overview and Performance Table 5-3: Siemens AG Revenues, 2008 to 2009, by Business Unit (in $ billions) Significant Developments Suzlon Energy Overview and Performance Key Strategic Markets Gamesa Overview and Performance Figure 5-3: Gamesa Revenues, 2003 to 2009 (in $ billions) Vestas Overview and Performance Offshore Wind Turbine SpecialistsChapter 6: Product Innovation and Public Policy Offshore Wind Farm Development Challenges Table 6-1: Manufacturer Developments in Offshore Turbines Offshore Wind Research Developments Wind Turbine Product Innovation Future Component Product Innovations Turbine Research & Development Innovations in Electricity Grid Integration Legalities of Site Selection Environmental Impacts Assessed Germany Lays Undersea Cable Table 6-2: Key Technical Data for the Borwin1 Wind Farm Cluster Concept Used U.S. Offshore Wind Farm Innovations University-led Offshore Wind Research Innovations in Offshore Foundations
  8. 8. Federal Incentives Public Relations Woes for Wind Energy AWEA Defends Wind TurbinesAvailable immediately for Online Download athttp://www.marketresearch.com/product/display.asp?productid=2496795US: 800.298.5699UK +44.207.256.3920Intl: +1.240.747.3093Fax: 240.747.3004

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