Wind Turbine Installation Vessel Consumption Market Synopsis:
In this report, LP Information covers the present scenario with the base year being 2017 and the growth prospects of global Wind Turbine Installation Vessel market for 20182023.
Selfpropelled jackup vessel is a vessel specifically designed for the installation of offshore wind turbines. Similar to a jackup rig it is selfelevating. To enable quick relocation in the wind farm it is selfpropelled. It also has a slender ship shaped hull to achieve a quick turnaround time with the vessel carrying several foundations or wind turbines each time. Azimuth thrusters are used to position the vessel during jackup operations.
Besides selfpropelled jackup vessel, heavy lift vessel and other jackup vessel which is used in wind turbine installation is also discussed as offshore wind turbine installation vessels. And in this report, we focus on the service market which is the most important part of the global offshore wind turbine installation vessel market.
Driven by the increasing demand of constructing offshore wind farm with higher requirements on capacity and efficiency, the demand of specially designed vessel is facing a sudden increase. But in root, offshore wind turbine installation vessel is not a common used equipment; the fleet size will never be enough large for every ship builder to have chance to achieve an order. The market competition of ship building is quite fierce worldwide currently; for the building of offshore wind turbine installation vessel, the competition is surely forecasted to be fierce.
According to report from annual report of some offshore wind farm runners, the logisticsrelated cost amount to roughly 19% of total CAPEX Capital Expenditures. Though the cost for installation of a turbine is reducing by years, the total turbine installation cost is also much higher than cost of most other kinds of marine installation.
Currently, the profit of running of offshore wind turbine installation vessel is not that high, affected by the relatively low utilization rate of fleet. But it is still a fact that the profit is relatively higher than other marine projects.
The advantages or benefits of wind power, is unnecessary to mention again. And we think that nobody would doubt there is vast market for wind power. The game of offshore wind power is just at the beginning, as well as the good days for offshore wind turbine installation vessel runners.
Over the next five years, LPILP Information projects that Wind Turbine Installation Vessel will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Wind Turbine Installation Vessel market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Selfpropelled Jackup Vessel
Normal Jackup Vessel
Heavy Lift Vessel
Segmentation by application:
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Fred. Olsen Windcarrier
Swire Blue Ocean
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Wind Turbine Installation Vessel consumption value & volume by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Wind Turbine Installation Vessel market by identifying its various subsegments.
Focuses on the key global Wind Turbine Installation Vessel manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Wind Turbine Installation Vessel with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industryspecific challenges and risks.
To project the consumption of Wind Turbine Installation Vessel submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.