Transparency Market Research (TMR) in a report has stated that the Asia Pacific offshore wind energy market is fragmented as in nature. While the market exhibits the presence of several regional and international players, the leading market share was held by merely three companies. According to TMR, the three leading companies accounted for 31% of global offshore wind energy market in 2016. Almost every sector within the market exhibits considerable representation from both regional and international players. Some of these sectors are operations and maintenance services, installation and commissioning, supply of wind farm components and equipment, and project development and management services.
In order to strengthen their foothold, regional and local players alike invest in research and development activities. This is also intended to build high-capacity turbines and cost-effective products. It is important to note in this regard that foreign companies are considered excellent in terms of technological advancements. The prominent players in this market include Goldwind Science Technology Co., Ltd., GE Wind Energy, Suzlon Group, Dong Energy A/S, Vestas Wind Systems A/S, Nordex S.E., Gamesa Corporacion Technologica S.A., Siemens Wind Power, China Ming Yang Wind Power Group Ltd., and Sinowel Wind Group Co., Ltd.