United States (US) Offshore Wind Power Transmission Market Outlook to 2030

Market Research Reports | Q1 2024 | Report ID: BR0304

About the Report

Supportive federal and state-level policy commitments and mandates, declining LCOE, federal lease sales, offtake agreements, inherent benefits of offshore wind such as higher capacity factors and greater capacity value, and a buildout of the offshore wind supply chain are some of the factors driving offshore wind power investment in the United States.

The Biden-Harris Administration announced a federal target to install offshore wind energy of 30 gigawatts (GW) of capacity by 2030. Furthermore, the current administration wants to expedite project approvals, including environmental reviews, and provide USD 3 billion in government funding for offshore wind projects through the Department of Energy.

Additionally, the 30% investment tax credit (ITC) extension enacted in June 2021 will significantly boost offshore wind power projects that start construction by the end of 2025 and come online as late as 2035.

The offshore wind energy pipeline in the United States increased by 24% to 35,324 MW in 2020, up from 28,521 MW in 2019. To integrate the upcoming offshore wind projects, there is a growing need to build offshore transmission to deliver all power from the sea to the onshore grid to support the burgeoning wind power industry.

Blackridge Research's United States (US) offshore wind power transmission Market report provides insights into the demand scenario and its outlook.

The study offers a detailed analysis of various factors instrumental in affecting the offshore wind power transmission market's growth. The study also comprehensively analyses the market by segmenting it based on components - export cables, substations, and offshore structures.

The study also addresses the present and future market opportunities, impact of Covid-19, important commercial developments, regions poised for the fastest growth, plans of various industry stakeholders, funding mechanisms, key projects, competitive landscape, amongst others.

Further, offshore wind power transmission market size, demand forecast, growth rates, and will also be provided in the report.

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

3.1 Introduction
3.2 Offshore Transmission Technology Analysis
3.3 Market Dynamics
- 3.3.1. Drivers
- 3.3.2 Restraints
3.4 Market Trends & Developments
3.5 Analysis of Covid-19 Impact
3.6 Market Opportunities
3.7 Market Size and Forecast until 2030
3.8 List of Projects
3.9 Government Policies, Regulations and Targets
3.10 Offshore Wind and Transmission Plans
- 3.10.1 DevelopersÃ¢â‚¬â„¢ Plans
- 3.10.2 GovernmentsÃ¢â‚¬â„¢ Plans
- 3.10.3 Grid OperatorsÃ¢â‚¬â„¢ Plans
3.11 Planning and Funding mechanisms
3.12 Floating Offshore Wind Industry Analysis

4. Industry Analysis

4.1 Supply Chain Analysis
4.2 Porter’s Five Forces Analysis

5. Market Segmentation & Analysis

5.1 By Components
- 5.1.1 Export Cables
- 5.1.2 Substations & Structures

6. Key Company Profiles

6.1 Cable Manufacturers
- 6.1.1 Nexans Group
- 6.1.2 Other Notable Players
6.2 Substation & Transformer Companies
- 6.2.1 Hitachi ABB Power Grids Ltd
- 6.2.2 Other Notable Players
6.3 Developers
- 6.3.1 Avangrid, Inc.
- 6.3.2 Other Notable Players

7. Competitive Landscape

7.1 List of Notable Players in the Market
7.2 M&A, JV, and Agreements
7.3 Strategies of Key Players

8. Conclusions and Recommendations

List of Tables & Figures

Abbreviations

Additional Notes

Disclaimer

This report helps to:-

Gain a deeper understanding of the opportunities and challenges present in the US offshore wind power transmission market
Equip yourself with rigorous analysis and forward-looking insight into the US offshore wind power transmission market along with offshore wind and transmission plans of various industry stakeholders
Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the region will impact market development
Assess market data and forecasts to understand how the demand evolve over the next ten years
Gain a comprehensive view of the emerging market trends, developments, policies, and regulations to assess market opportunities
Be better informed of your competition by gaining access to detailed information, plans, and analysis of key industry players
Keep on top of M&A developments, JV’s and other agreements to assess the evolving competitive landscape and enhance your competitive position

Who need this report?

Transmission Equipment and Cable Manufacturers
Wind Turbine OEMs
Utilities/Grid Operators
Developers & Project Owners
Raw Materials & Component Suppliers
Government Bodies and Industry Associations
Financing Companies
Others

What's included

Report - US Offshore Wind Power Transmission Market Outlook to 2030.pdf

Market Data - US Offshore Wind Power Transmission Market Outlook to 2030.xls

Why buy this report?

Gain a deeper understanding of the impact of Covid-19 on the <United States (US) Offshore Wind Power Transmission Market>.
Equip yourself with rigorous analysis and forward-looking insights into the <United States (US) Offshore Wind Power Transmission Market> across multiple regions.
Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
Assess market size data and forecasts to understand how the demand across various segments evolves over the next few years.
Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

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