Description
ASEAN Offshore Wind Power Industry
Offshore wind power refers to a renewable energy development method that utilizes the abundant wind energy resources in marine areas and converts wind energy into electricity by constructing wind power generation facilities in nearshore or deep-sea areas.
The upstream of the offshore wind power industry mainly includes wind resource assessment, project planning, sea area approval, and basic material supply. The midstream mainly includes wind turbine manufacturing, submarine cable production, offshore construction and installation, and project construction. The downstream mainly includes wind farm operation, electricity sales, equipment maintenance, and asset management.
Established in 1967, ASEAN is the most influential regional cooperation organization in Southeast Asia. ASEAN has evolved from its initial status as a political cooperation organization into a vital regional economic platform encompassing trade, investment, industry, science and technology, energy, finance, and the digital economy. Currently, the ASEAN region has a total population of over 690 million and an economic output of over US$ 4 trillion, making it the world’s fifth largest economy.
The ASEAN offshore wind power market is in its early stages of development. With the continued growth of regional energy demand and the accelerated transformation of the energy structure, the market has great growth potential.
According to CRI analysis, Vietnam is currently one of the most promising markets for offshore wind power development in ASEAN. Vietnam boasts a long coastline and excellent near-shore wind resources, while its economic growth is driving a rapid increase in electricity demand. In recent years, Vietnam has continuously promoted offshore wind power planning and construction, attracting international energy companies to participate in project development.
CRI recommends that global offshore wind power project developers, new energy companies, wind turbine manufacturers, marine engineering equipment manufacturers, submarine cable manufacturers, power companies, private equity (PE) funds and venture capital (VC) firms conduct timely market research on the ASEAN region to prepare for their strategic entry into the ASEAN offshore wind power market.
Key Contents
- Overview of the Offshore Wind Power Industry in ASEAN
- Economic and Policy Environment of Offshore Wind Power Industry in ASEAN
- Analysis of the Offshore Wind Power Industry in Major ASEAN Countries
- Market Size of Offshore Wind Power in ASEAN 2021–2025
- Analysis of the Key Offshore Wind Power Providers in ASEAN
- Key Drivers and Market Opportunities of Offshore Wind Power Industry in ASEAN
- What are the key drivers, challenges and opportunities for the ASEAN offshore wind power industry during the forecast period of 2026–2030?
- Which companies are the major market players in the ASEAN offshore wind power industry and what are their competitive advantages?
- What is the projected revenue for offshore wind power market in ASEAN during the forecast period of 2026–2030?
- What strategies have major market players adopted to increase their market share within this industry?
- Which segment of the ASEAN offshore wind power market is expected to dominate the market by 2030?
- What are the major headwinds facing the ASEAN offshore wind power industry?
- How can foreign capital enter the offshore wind power industry in ASEAN?
Table of Contents
1 Overview of ASEAN
1.1 Geography
1.2 Demographic Structure
1.3 Economic Situation
1.4 Minimum Wage Standards
2 Overview of the Offshore Wind Power Industry
2.1 Definition and Classification of the Offshore Wind Power Industry
2.1.1 Industry Definition
2.1.2 Classification
2.2 Analysis of Offshore Wind Power Industry Chain
2.3 Policy Environment of Offshore Wind Power Industry in ASEAN
2.4 CRI’s Suggestions for Foreign-Invested Enterprises Investing in the ASEAN Offshore Wind Power Industry
3 Analysis of Supply and Demand in the ASEAN Offshore Wind Power Industry
3.1 Supply Analysis of the Offshore Wind Power Industry in ASEAN
3.1.1 Major Developers of ASEAN Offshore Wind Power Projects
3.1.2 Resource Supply Situation for ASEAN Offshore Wind Power Projects
3.1.3 Analysis of Supply of Wind Turbines and Core Equipment in ASEAN
3.1.4 Supply Analysis of Offshore Wind Power Infrastructure in ASEAN
3.1.5 Factors Affecting Offshore Wind Power Supply in ASEAN
3.2 Demand Analysis of Offshore Wind Power Industry in ASEAN
3.2.1 Electricity Consumption in ASEAN
3.2.2 Energy Transition and New Marine Energy Policy in ASEAN
3.2.3 Market Size of Offshore Wind Power in ASEAN
3.2.4 Analysis of Demand Structure of Offshore Wind Power in ASEAN
3.2.4 Analysis of Demand Drivers for Offshore Wind Power
4 Import and Export of Offshore Wind Turbine Generators and Related Components in ASEAN
4.1 Import Overview of Offshore Wind Turbine Generators and Related Components in ASEAN
4.1.1 Import Value and Volume of Offshore Wind Turbine Generators and Related Components in ASEAN
4.1.2 Major Sources of Offshore Wind Turbine Generators and Related Components Imports in ASEAN
4.2 Export Overview of Offshore Wind Turbine Generators and Related Components in ASEAN
4.2.1 Export Value and Volume of Offshore Wind Turbine Generators and Related Components in ASEAN
4.2.2 Major Destinations for Offshore Wind Turbine Generators and Related Components in ASEAN
5 Analysis of the Offshore Wind Power Industry in Major ASEAN Countries
5.1 Singapore
5.1.1 Overview of the Offshore Wind Power Industry
5.1.2 Analysis of Offshore Wind Power Market Supply and Demand
5.2 Malaysia
5.2.1 Overview of the Offshore Wind Power Industry
5.2.2 Analysis of Offshore Wind Power Market Supply and Demand
5.3 Thailand
5.3.1 Overview of the Offshore Wind Power Industry
5.3.2 Analysis of Offshore Wind Power Market Supply and Demand
5.4 Indonesia
5.4.1 Overview of the Offshore Wind Power Industry
5.4.2 Analysis of Offshore Wind Power Market Supply and Demand
5.5 Vietnam
5.5.1 Overview of the Offshore Wind Power Industry
5.5.2 Analysis of Offshore Wind Power Market Supply and Demand
6 Analysis of the Key Offshore Wind Power Providers in ASEAN
6.1 Copenhagen Infrastructure Partners
6.1.1 Company Overview
6.1.2 Operations Status
6.2 Mainstream Renewable Power
6.2.1 Company Overview
6.2.2 Operations Status
6.3 ACEN Corporation
6.3.1 Company Overview
6.3.2 Operations Status
6.4 T&T Group
6.4.1 Company Overview
6.4.2 Operations Status
6.5 PetroVietnam Power
6.5.1 Company Overview
6.5.2 Operations Status
7 Outlook of Offshore Wind Power Industry in ASEAN 2026-2030
7.1 Analysis of Development Factors of Offshore Wind Power Industry in ASEAN
7.1.1 Drivers and Growth Opportunities of Offshore Wind Power Industry in ASEAN
7.1.2 Threats and Challenges Facing of Offshore Wind Power Industry in ASEAN
7.2 Forecast of Supply for Offshore Wind Power Industry in ASEAN
7.3 Forecast of Demand for Offshore Wind Power in ASEAN
7.4 Forecast of Imports and Exports for Offshore Wind Turbine Generators and Related Components in ASEAN
List of Some Charts
Chart Total Population in ASEAN, 2021–2025
Chart Per Capita GDP in ASEAN, 2021–2025
Chart Policies Related to Marine New Energy Industry Issued by ASEAN 2021–2025
Chart Exploitable Marine Area in ASEAN, 2021-2025
Chart Electricity Consumption in ASEAN, 2021-2025
Chart Number of Offshore Wind Power Development Projects in ASEAN, 2021-2025
Chart Market Size of Offshore Wind Power in ASEAN, 2021-2025
Chart Market Size of Offshore Wind Power in Singapore, 2021-2025
Chart Market Size of Offshore Wind Power in Malaysia, 2021-2025
Chart Market Size of Offshore Wind Power in Thailand, 2021-2025
Chart Market Size of Offshore Wind Power in Indonesia, 2021-2025
Chart Market Size of Offshore Wind Power in Vietnam, 2021-2025
Chart Market Size of Offshore Wind Power in Philippines, 2021-2025
Chart Import Value of Wind Turbine in ASEAN, 2021–2025
Chart Export Value of Wind Turbine in ASEAN, 2021–2025
Chart Market Size Forecast of Offshore Wind Power in ASEAN, 2026–2030
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