Offshore Wind Power Market - Global Market Size, Average Price, Turbine Market Share and Key Country Analysis To 2025

Offshore Wind Power Market - Global Market
Size, Average Price, Turbine Market Share and

Key Country Analysis to 2025
Released On 18th November 2015
Summary
Offshore Wind Power Market - Global Market Size, Average Price, Turbine Market Share and Key
Country Analysis to 2025", the latest report from industry analysis specialist GlobalData, offers
comprehensive information on and analysis of the global wind market.
The report provides a clear overview of and detailed insight into the offshore global wind market. It
explains the key drivers and challenges and provides data covering historic and forecast market
size, average capital cost, and installed capacity and generation, both globally and in the key
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countries of China, the US, the UK, Germany, the Netherlands, Belgium, Denmark and South
Korea.
The report uses data and information sourced from proprietary databases, primary and secondary
research, and in-house analysis by GlobalDatas team of industry experts.
Scope
- Information at global level and for key offshore countries: China, the US, the UK, Germany, the
Netherlands, South Korea, Belgium and Denmark
- Drivers and challenges related to the global offshore wind power market
- Historic and forecast data for cumulative and annual installed offshore wind power capacity and
annual power generation during the 2007-2025 period, both globally and for key countries
- Average offshore wind turbine size data and the market shares of major manufacturers in 2014 at
key country and global level
- The market size for wind power installations at key country and global level
- Cost analysis in terms of Levelized Cost Of Electricity (LCOE) and capital cost for key countries
- The top active and upcoming offshore wind power plants at country level
Reasons to buy
This report will enable the buyer to - Facilitate decision-making based on strong historic and forecast data for the offshore wind
power market
- Maximize potential in the growth of the offshore wind power market
- Identify key partners and business-development avenues

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Table of Contents
1.1 List of Tables 9
1.2 List of Figures 13
2 Introduction 17
2.1 Wind Power Market, Technology Definition 17
2.2 Wind Power Market, Technology Overview 17
2.3 Wind Power Market, Turbine Components 18
2.4 Global Report Guidance 21
3 Wind Power Market, Global, 2007-2025 22
3.1 Wind Power Market, Global, Overview 22
3.2 Wind Power Market, Global, Installed Capacity, 2007-2025 22
3.3 Wind Power Market, Global, Installed Capacity by Country, 2014 24
3.3.1 Wind Power Market, Global, Cumulative Installed Capacity by Country, 2014 24
3.3.2 Wind Power Market, Global, Annual Additions by Country, 2014 26
3.4 Wind Power Market, Global, Market Segmentation by Onshore and Offshore, 2007-2025 27

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4 Offshore Wind Power Market, Global, 2007-2025 29
4.1 Offshore Wind Power Market, Global, Overview 29

4.2 Offshore Wind Power Market, Global, Installed Capacity, 2007-2025 30
4.3 Offshore Wind Power Market, Global, Power Generation, 2007-2025 32
4.4 Offshore Wind Power Market, Global, Installed Capacity by Country, 2014 34
4.4.1 Offshore Wind Power Market, Global, Cumulative Installed Capacity by Country, 2014 34
4.4.2 Offshore Wind Power Market, Global, Annual Additions by Country, 2014 36
4.5 Offshore Wind Power Market, Global, Cost Analysis 38
4.5.1 Offshore Wind Power Market, Global, Cost Comparison with Onshore Wind Farms, 2014 39
4.5.2 Offshore Wind Power Market, Global, Capital Cost in Major Countries, 2014 40
4.5.3 Offshore Wind Power Market, Global, LCOE Comparison in Major Countries, 2014 42
4.6 Offshore Wind Power Market, Global, Average Capital Cost and Market Size, 2014-2025 43
4.7 Offshore Wind Power Market, Global, Average Turbine Size, 2006-2020 45
4.8 Offshore Wind Power Market, Global, Turbine Market Share, 2014 47
4.9 Offshore Wind Power Market, Global, Drivers, Restraints and Challenges 48
4.9.1 Offshore Wind Power Market, Global, Drivers 48
4.9.2 Offshore Wind Power Market, Global, Restraints and Challenges 51
4.10 Offshore Wind Power Market, Global, Trends 52
4.10.1 Turbine Size 52
4.10.2 Foundation Type 53
4.10.3 Water Depth and Distance from the Shore 53
4.10.4 Vessels 53
5 Offshore Wind Power Market, US, 2016-2025 54
5.1 Offshore Wind Power Market, US, Overview 54
5.2 Offshore Wind Power Market, US, Installed Capacity, 2016-2025 55
5.3 Offshore Wind Power Market, US, Power Generation, 2016-2025 57
5.4 Offshore Wind Power Market, US, Top Upcoming Power Plants 58
5.5 Offshore Wind Power Market, US, Average Turbine Size, 2016-2020 59
5.6 Offshore Wind Power Market, US, Average Capital Cost and Market Size, 2016-2025 60

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6 Offshore Wind Power Market, China, 2007-2025 63

6.1 Offshore Wind Power Market, China, Overview 63
6.2 Offshore Wind Power Market, China, Installed Capacity, 2007-2025 64
6.3 Offshore Wind Power Market, China, Power Generation, 2007-2025 67
6.4 Offshore Wind Power Market, China, Top Active and Upcoming Power Plants 69
6.5 Offshore Wind Power Market, China, Average Turbine Size, 2007-2020 71
6.6 Offshore Wind Power Market, China, LCOE, $/kWh, 2014-2025 72
6.7 Offshore Wind Power Market, China, Average Capital Cost and Market Size, 2014-2025 74
7 Offshore Wind Power Market, South Korea, 2011-2025 77
7.1 Offshore Wind Power Market, South Korea, Overview 77
7.2 Offshore Wind Power Market, South Korea, Installed Capacity, 2011-2025 78
7.3 Offshore Wind Power Market, South Korea, Power Generation, 2011-2025 80
7.4 Offshore Wind Power Market, South Korea, Top Active and Upcoming Power Plants 81
7.5 Offshore Wind Power Market, South Korea, Average Turbine Size, 2011-2020 83
7.6 Offshore Wind Power Market, South Korea Offshore LCOE, $/kWh, 2014-2025 84
7.7 Offshore Wind Power Market, South Korea, Average Capital Cost and Market Size, 2014-2025
86
8 Offshore Wind Power Market, UK, 2007-2025 89
8.1 Offshore Wind Power Market, UK, Overview 89
8.2 Offshore Wind Power Market, UK, Installed Capacity, 2007-2025 89
8.3 Offshore Wind Power Market, UK, Power Generation, 2007-2025 92
8.4 Offshore Wind Power Market, UK, Top Active and Upcoming Power Plants 94
8.5 Offshore Wind Power Market, UK, Share by Manufacturer, 2014 96
8.6 Offshore Wind Power Market, UK, Average Turbine Size, 2007-2020 97
8.7 Offshore Wind Power Market, UK, LCOE, 2014-2025 98
8.8 Offshore Wind Power Market, UK, Average Capital Cost and Market Size, 2014-2025 101
9 Offshore Wind Power Market, Germany, 2007-2025 103
9.1 Offshore Wind Power Market, Germany, Overview 103
9.2 Offshore Wind Power Market, Germany, Installed Capacity, 2007-2025 104

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9.3 Offshore Wind Power Market, Germany, Power Generation, 2007-2025 106
9.4 Offshore Wind Power Market, Germany, Top Active and Upcoming Power Plants 108
9.5 Offshore Wind Power Market, Germany, Average Turbine Size, 2007-2025 109
9.6 Offshore Wind Power Market, Germany, Share by Manufacturer, 2014 111
9.7 Offshore Wind Power Market, Germany, Levelized Cost of Electricity, 2014-2025 113
9.8 Offshore Wind Power Market, Germany, Average Capital Cost and Market Size, 2014-2025
115
10 Offshore Wind Power Market, Netherlands, 2007-2025 118
10.1 Offshore Wind Power Market, Netherlands, Overview 118
10.2 Offshore Wind Power Market, Netherlands, Installed Capacity, GW, 2007-2025 118
10.3 Offshore Wind Power Market, Netherlands, Power Generation, GWh, 2007-2025 121
10.4 Offshore Wind Power Market, Netherlands, Top Active and Upcoming Power Plants 123
10.5 Offshore Wind Power Market, Netherlands, Average Turbine Size, 2007-2025 124
10.6 Offshore Wind Power Market, Netherlands, Share by Manufacturer (%), 2014 124
10.7 Offshore Wind Power Market, Netherlands, Levelized Cost of Electricity, 2014-2025 125
10.8 Offshore Wind Power Market, Netherlands, Average Capital Cost and Market Size, 20072025 127
11 Offshore Wind Power Market, Belgium, 2007-2025 130
11.1 Offshore Wind Power Market, Belgium, Overview 130
11.2 Offshore Wind Power Market, Belgium, Installed Capacity, 2009-2025 131
11.3 Offshore Wind Power Market, Belgium, Power Generation, 2009-2025 133
11.4 Offshore Wind Power Market, Belgium, Top Active and Upcoming Power plants 135
11.5 Offshore Wind Power Market, Belgium, Average Turbine Size, 2007-2025 136
11.6 Offshore Wind Power Market, Belgium, Share by Manufacturer, 2014 136
11.7 Offshore Wind Power Market, Belgium, Levelized Cost of Electricity, 2014-2025 137
11.8 Offshore Wind Power Market, Belgium, Average Capital Cost and Market Size, 2007-2025
139
12 Offshore Wind Power Market, Denmark, 2007-2025 142
12.1 Offshore Wind Power Market, Denmark, Overview 142
12.2 Offshore Wind Power Market, Denmark, Installed Capacity, 2007-2025 142

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12.3 Offshore Wind Power Market, Denmark, Power Generation, 2007-2025 145
12.4 Offshore Wind Power Market, Denmark, Top Active and Upcoming Power Plants 147
12.5 Offshore Wind Power Market, Denmark, Average Turbine Size, 2007-2025 148
12.6 Offshore Wind Power Market, Denmark, Share by Manufacturer, 2014 148
12.7 Offshore Wind Power Market, Denmark, LCOE ($/kWh), 2014-2025 149
12.8 Offshore Wind Power Market, Denmark, Average Capital Cost and Market Size, 2007-2025
151
13 Appendix 154
13.1 Abbreviations 154
13.2 Research Methodology 155
13.2.1 Report Coverage 155
13.2.2 Secondary Research 155
13.2.3 Primary Research 156
13.3 Disclaimer 156
List of Tables
Table 1: Wind Power Market, Global, Installed Capacity (GW) and Growth (%), 2007-2025 24
Table 2: Wind Power Market, Global, Cumulative Installed Capacity Share by Country (%), 2014
25
Table 3: Wind Power Market, Global, Annual Addition Share by Country (%), 2014 26
Table 4: Wind Power Market, Global, Offshore and Onshore Cumulative Installed Capacity Share
(%), 2007-2025 28
Table 5: Offshore Wind Power Market, Global, Installed Capacity (GW) and Growth (%), 20072025 31
Table 6: Offshore Wind Power Market, Global, Annual Power Generation (TWh) and Growth (%),
2007-2025 33
Table 7: Offshore Wind Power Market, Global, Cumulative Installed Capacity by Country (MW)
and Share (%), 2014 36
Table 8: Offshore Wind Power Market, Global, Annual Addition by Country (MW) and Share (%),
2014 37
Table 9: Offshore Wind Power Market, Cost Comparison with Onshore Wind Farms, 2014 39

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Table 10: Offshore Wind Power Market, Global, Average Capital Cost in Major Countries ($/kW),
2014 41
Table 11: Offshore Wind Power Market, Global, Levelized Cost of Electricity in Major Countries
($/kWh), 2014 43
Table 12: Offshore Wind Power Market, Global, Market Size ($bn) and Average Capital Cost
($/kW), 2014-2025 45
Table 13: Offshore Wind Power Market, Global, Average Turbine Size (MW), 2006-2020 47
Table 14: Offshore Wind Power Market, Global, Turbine Market Share by Company (%), 2014 48
Table 15: Offshore Wind Power Market, US, Installed Capacity (MW) and Growth (%), 2016-2025
56
Table 16: Offshore Wind Power, US, Annual Power Generation (GWh) and Growth (%), 20162025 58
Table 17: Offshore Wind Power Market, US, Top 10 Upcoming Power Plants, 2015 58
Table 18: Offshore Wind Power Market, US, Average Turbine Size (MW), 2016-2020 60
Table 19: Offshore Wind Power Market, US, Market Size ($bn) and Average Capital Cost ($/kW),
2016-2025 62
Table 20: Offshore Wind Power, China, Installed Capacity (MW) and Growth (%), 2007-2025 66
Table 21: Offshore Wind Power Market, China, Annual Power Generation (GWh) and Growth (%),
2007-2025 68
Table 22: Offshore Wind Power Market, China, Top Active Power Plants, 2015 69
Table 23: Offshore Wind Power Market, China, Top 10 Upcoming Power Plants, 2015 70
Table 24: Offshore Wind Power Market, China, Average Turbine Size (MW), 2007-2020 72
Table 25: Offshore Wind Power Market, China, Assumptions for Levelized Cost of Electricity,
2014-2025 73
Table 26: Offshore Wind Power Market, China, Levelized Cost of Electricity ($/kW), 2014-2025
74
Table 27: Offshore Wind Power Market, China, Market Size ($bn) and Average Capital Cost
($/kW), 2014-2025 76
Table 28: Offshore Wind Power Market, South Korea, Installed Capacity (MW) and Growth (%)
2011-2025 79
Table 29: Offshore Wind Power Market, South Korea, Power Generation (GWh) and Growth (%),
2011-2025 81
Table 30: Offshore Wind Power Market, South Korea, Top Active Wind Power Plants, 2015 81
Table 31: Offshore Wind Power Market, South Korea, Top 10 Upcoming Wind Power Plants, 2015
82
Table 32: Offshore Wind Power Market, South Korea, Average Turbine Size (MW), 2011-2020 84

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Table 33: Offshore Wind Power Market, South Korea, Assumptions for Levelized Cost of
Electricity Calculation, 2014-2025 84
Table 34: Offshore Wind Power Market, China, Levelized Cost of Electricity ($/kWh), 2014-2025
86
Table 35: Offshore Wind Power Market, South Korea, Market Size ($bn) and Average Capital Cost
($/kW), 2014-2025 88
Table 36: Offshore Wind Power Market, UK, Installed Capacity (GW) and Growth (%), 2007-2025
91
Table 37: Offshore Wind Power Market, UK, Annual Power Generation (GWh) and Growth (%),
2007-2025 93
Table 38: Offshore Wind Power Market, UK, Top 10 Active Offshore Wind Power Plants, 2015 94
Table 39: Offshore Wind Power Market, UK, Top 10 Upcoming Offshore Wind Power Plants,
2015 95
Table 40: Offshore Wind Power Market, UK, Share by Manufacturer (%), 2014 96
Table 41: Offshore Wind Power Market, UK, Average Turbine Size (MW), 2007-2020 98
Table 42: Offshore Wind Power Market, UK, Assumptions for Levelized Cost of Electricity
Calculation, 2014-2025 99
Table 43: Offshore Wind Power Market, UK, Levelized Cost of Electricity ($/kWh), 2014-2025
100
Table 44: Offshore Wind Power Market, UK, Market Size ($bn) and Average Capital Cost ($/kW),
2014-2025 102
Table 45: Offshore Wind Power Market, Germany, Installed Capacity (MW) and Growth (%),
2007-2025 105
Table 46: Offshore Wind Power Market, Germany, Annual Power Generation (GWh) and Growth
(%), 2007-2025 107
Table 47: Offshore Wind Power Market, Germany, Top 10 Active Wind Power Plants, 2015 108
Table 48: Offshore Wind Power Market, Germany, Top 10 Upcoming Offshore Wind Power
Plants, 2015 109
Table 49: Offshore Wind Power Market, Germany, Average Turbine Size (MW), 2007-2020 111
Table 50: Offshore Wind Power Market, Germany, Share by Manufacturer (%), 2014 112
Table 51: Offshore Wind Power Market, Germany, Assumptions for Levelized Cost of Electricity
Table 52: Offshore Wind Power Market, Germany, Levelized Cost of Electricity ($/kWh), 20142025 115
Table 53: Offshore Wind Power Market, Germany, Market Size ($bn) and Average Capital Cost
($/kW), 2014-2025 117

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Table 54: Offshore Wind Power Market, Netherlands, Installed Capacity (GW) and Growth (%),
2007-2025 120
Table 55: Offshore Wind Power Market, Netherlands, Annual Power Generation (GWh) and
Growth (%), 2007-2025 122
Table 56: Offshore Wind Power Market, Netherlands, Top 10 Active Wind Power Plants, 2015 123
Table 57: Offshore Wind Power Market, Netherlands, Top Upcoming Wind Power Plants, 2015
123
Table 58: Offshore Wind Power Market, Netherlands, Share by Manufacturer (%), 2014 125
Table 59: Offshore Wind Power Market, Netherlands, Assumptions for LCOE Calculation, 20142025 125
Table 60: Offshore Wind Power Market, Netherlands, LCOE ($/kWh), 2014-2025 127
Table 61: Offshore Wind Power Market, Netherlands, Market Size ($bn) and Average Capital Cost
($/kW), 2014-2025 129
Table 62: Offshore Wind Power Market, Belgium, Installed Capacity (MW) and Growth (%),
2009-2025 132
Table 63: Offshore Wind Power Market, Belgium, Annual Power Generation (GWh) and Growth
(%), 2009-2025 134
Table 64: Offshore Wind Power Market, Belgium, Top Active Wind Power Plants, 2015 135
Table 65: Offshore Wind Power Market, Belgium, Top Upcoming Wind Power Plants, 2015 135
Table 66: Offshore Wind Power Market, Belgium, Share by Manufacturer (%), 2014 137
Table 67: Offshore Wind Power Market, Belgium, Assumptions for Levelized Cost of Electricity
Table 68: Offshore Wind Power Market, Belgium, Levelized Cost of Electricity ($/kWh), 20142025 139
Table 69: Offshore Wind Power Market, Belgium, Market Size ($bn) and Average Capital Cost
($/kW), 2014-2025 141
Table 70: Offshore Wind Power Market, Denmark, Installed Capacity (MW) and Growth (%),
2007-2025 144
Table 71: Offshore Wind Power Market, Denmark, Annual Power Generation (GWh) and Growth
(%), 2007-2025 146
Table 72: Offshore Wind Power Market, Denmark, Top Active Offshore Wind Power Plants, 2014,
147
Table 73: Offshore Wind Power Market, Denmark, Top Upcoming Offshore Wind Power Plants,
2014, 147
Table 74: Offshore Wind Power Market, Denmark, Share by Manufacturer (%), 2014 149

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Table 75: Offshore Wind Power Market, Denmark, Assumptions for Levelized Cost of Electricity
Table 76: Offshore Wind Power Market, Denmark, Levelized Cost of Electricity ($/kWh), 20142025 151
Table 77: Offshore Wind Power Market, Denmark, Market Size ($bn) and Average Capital Cost
($/kW), 2014-2025 153
Table 78: Abbreviations 154
List of Figures
Figure 1: Wind Power Market, Wind Turbine Components 20
Figure 2: Wind Power Market, Global, Installed Capacity (GW) and Growth (%), 2007-2025 23
Figure 3: Wind Power Market, Global, Cumulative Installed Capacity Share by Country (%), 2014
25
Figure 4: Wind Power Market, Global, Annual Addition Share by Country (%), 2014 26
Figure 5: Wind Power Market, Global, Offshore and Onshore Cumulative Installed Capacity Share
(%), 2007-2025 27
Figure 6: Offshore Wind Power Market, Global, Installed Capacity (GW) and Growth (%), 20072025 30
Figure 7: Offshore Wind Power Market, Global, Annual Power Generation (TWh) and Growth (%),
2007-2025 32
Figure 8: Offshore Wind Power Market, Global, Cumulative Installed Capacity Share by Country
(%), 2014 34
Figure 9: Offshore Wind Power Market, Global, Cumulative Installed Capacity by Country (MW),
2014 35
Figure 10: Offshore Wind Power Market, Global, Annual Addition Share by Country (%), 2014 36
Figure 11: Offshore Wind Power Market, Global, Annual Addition by Country (MW), 2014 37
Figure 12: Wind Power Market, Global, Value Chain Activities 38
Figure 13: Offshore Wind Power Market, Global, Average Capital Cost in Major Countries ($/kW),
2014 40
Figure 14: Offshore Wind Power Market, Global, Levelized Cost of Electricity in Major Countries
($/kWh), 2014 42
Figure 15: Offshore Wind Power Market, Global, Market Size ($bn) and Average Capital Cost
($/kW), 2014-2025 44
Figure 16: Offshore Wind Power Market, Global, Average Turbine Size (MW), 2006-2020 46

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Figure 17: Offshore Wind Power Market, Global, Turbine Market Share by Company (%), 2014 48
Figure 18: Offshore Wind Power Market, US, Installed Capacity (MW) and Growth (%), 20162025 55
Figure 19: Offshore Wind Power, US, Annual Power Generation (GWh) and Growth (%), 20162025 57
Figure 20: Offshore Wind Power Market, US, Average Turbine Size (MW), 2016-2020 59
Figure 21: Offshore Wind Power Market, US, Market Size ($bn) and Average Capital Cost ($/kW),
2016-2025 61
Figure 22: Offshore Wind Power, China, Installed Capacity (MW) and Growth (%), 2007-2025 65
Figure 23: Offshore Wind Power Market, China, Annual Power Generation (GWh) and Growth
(%),(%), 2007-2025 67
Figure 24: Offshore Wind Power Market, China, Average Turbine Size (MW), 2007-2020 71
Figure 25: Offshore Wind Power Market, China, Levelized Cost of Electricity ($/kW), 2014-2025
73
Figure 26: Offshore Wind Power Market, China, Market Size ($bn) and Average Capital Cost
($/kW), 2014-2025 75
Figure 27: Offshore Wind Power Market, South Korea, Installed Capacity (MW) and Growth (%),
2011-2025 78
Figure 28: Offshore Wind Power Market, South Korea, Annual Power Generation (GWh) and
Growth (%), 2011-2025 80
Figure 29: Offshore Wind Power Market, South Korea, Average Turbine Size (MW), 2011-2020 83
Figure 30: Offshore Wind Power Market, South Korea, Levelized Cost of Electricity ($/kWh),
2014-2025 85
Figure 31: Offshore Wind Power Market, South Korea, Market Size ($bn) and Average Capital
Cost ($/kW), 2014-2025 87
Figure 32: Offshore Wind Power Market, UK, Installed Capacity (GW), 2007-2025 90
Figure 33: Offshore Wind Power Market, UK, Annual Power Generation (GWh), 2007-2025 92
Figure 34: Offshore Wind Power Market, UK, Share by Manufacturer (%), 2014 96
Figure 35: Offshore Wind Power Market, UK, Average Turbine Size (MW), 2007-2020 97
Figure 36: Offshore Wind Power Market, UK, LCOE ($/kWh), 2014-2025 99
Figure 37: Offshore Wind Power Market, UK, Market Size ($bn) and Average Capital Cost
($/kW), 2014-2025 101
Figure 38: Offshore Wind Power Market, Germany, Installed Capacity (MW) and Growth (%),
2007-2025 104
Figure 39: Offshore Wind Power Market, Germany, Annual Power Generation (GWh) and Growth
(%), 2007-2025 106

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Figure 40: Offshore Wind Power Market, Germany, Average Turbine Size (MW), 2007-2020 110
Figure 41: Offshore Wind Power Market, Germany, Share by Manufacturer (%), 2014 112
Figure 42: Offshore Wind Power Market, Germany, Levelized Cost of Electricity ($/kWh), 20142025 114
Figure 43: Offshore Wind Power Market, Germany, Market Size ($bn) and Average Capital Cost
($/kW), 2014-2025 116
Figure 44: Offshore Wind Power Market, Netherlands, Installed Capacity (GW) and Growth (%),
2007-2025 119
Figure 45: Offshore Wind Power Market, Netherlands, Annual Power Generation (GWh) and
Growth (%), 2007-2025 121
Figure 46: Offshore Wind Power Market, Netherlands, Share by Manufacturer (%), 2014 124
Figure 47: Offshore Wind Power Market, Netherlands, LCOE ($/kWh), 2014-2025 126
Figure 48: Offshore Wind Power Market, Netherlands, Market Size ($bn) and Average Capital
Cost ($/kW), 2014-2025 128
Figure 49: Offshore Wind Power Market, Belgium, Installed Capacity (MW) and Growth (%),
2009-2025 131
Figure 50: Offshore Wind Power Market, Belgium, Annual Power Generation (GWh) and Growth
(%), 2009-2025 133
Figure 51: Offshore Wind Power Market, Belgium, Share by Manufacturer (%), 2014 136
Figure 52: Offshore Wind Power Market, Belgium, Levelized Cost of Electricity ($/kWh), 20142025 138
Figure 53: Offshore Wind Power Market, Belgium, Market Size ($bn) and Average Capital Cost
($/kW), 2014-2025 140
Figure 54: Offshore Wind Power Market, Denmark, Installed Capacity (MW) and Growth (%),
2007-2025 143
Figure 55: Offshore Wind Power Market, Denmark, Annual Power Generation (GWh) and Growth
(%), 2007-2025 145
Figure 56: Offshore Wind Power Market, Denmark, Share by Manufacturer (%), 2014 148
Figure 57: Offshore Wind Power Market, Denmark, Levelized Cost of Electricity ($/kWh), 20142025 150
Figure 58: Offshore Wind Power Market, Denmark, Market Size ($bn) and Average Capital Cost
($/kW), 2014-2025 152

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4 Offshore Wind Power Market, Global, 2007-2025 29

4.1 Offshore Wind Power Market, Global, Overview 29

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