| Product Code: ETC7008568 | Publication Date: Sep 2024 | Updated Date: Dec 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite the high Herfindahl-Hirschman Index (HHI) indicating concentrated market dominance, Dominica import of offshore wind turbines in 2023 saw top suppliers from the United States, China, Malaysia, and the United States Virgin Islands. However, the industry experienced a significant decline with a negative Compound Annual Growth Rate (CAGR) of -43.47% and a growth rate of -36.28%. This underscores the challenges faced by the sector, highlighting the need for strategic interventions to revitalize and sustain growth in the offshore wind turbine market in Dominica.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Dominica Offshore Wind Turbine Market Overview |
3.1 Dominica Country Macro Economic Indicators |
3.2 Dominica Offshore Wind Turbine Market Revenues & Volume, 2021 & 2031F |
3.3 Dominica Offshore Wind Turbine Market - Industry Life Cycle |
3.4 Dominica Offshore Wind Turbine Market - Porter's Five Forces |
3.5 Dominica Offshore Wind Turbine Market Revenues & Volume Share, By Foundation Type, 2021 & 2031F |
3.6 Dominica Offshore Wind Turbine Market Revenues & Volume Share, By Location Proximity, 2021 & 2031F |
3.7 Dominica Offshore Wind Turbine Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Dominica Offshore Wind Turbine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government policies promoting renewable energy sources |
4.2.2 Increasing focus on reducing carbon footprint and achieving sustainability goals |
4.2.3 Growing demand for clean energy sources |
4.3 Market Restraints |
4.3.1 High initial investment costs |
4.3.2 Challenges in securing financing for offshore wind projects |
4.3.3 Potential environmental and wildlife impacts |
5 Dominica Offshore Wind Turbine Market Trends |
6 Dominica Offshore Wind Turbine Market, By Types |
6.1 Dominica Offshore Wind Turbine Market, By Foundation Type |
6.1.1 Overview and Analysis |
6.1.2 Dominica Offshore Wind Turbine Market Revenues & Volume, By Foundation Type, 2021- 2031F |
6.1.3 Dominica Offshore Wind Turbine Market Revenues & Volume, By Monopile, 2021- 2031F |
6.1.4 Dominica Offshore Wind Turbine Market Revenues & Volume, By Jacket, 2021- 2031F |
6.1.5 Dominica Offshore Wind Turbine Market Revenues & Volume, By Tripod, 2021- 2031F |
6.1.6 Dominica Offshore Wind Turbine Market Revenues & Volume, By Floating & Others, 2021- 2031F |
6.2 Dominica Offshore Wind Turbine Market, By Location Proximity |
6.2.1 Overview and Analysis |
6.2.2 Dominica Offshore Wind Turbine Market Revenues & Volume, By Shallow Water, 2021- 2031F |
6.2.3 Dominica Offshore Wind Turbine Market Revenues & Volume, By Transitional Water, 2021- 2031F |
6.2.4 Dominica Offshore Wind Turbine Market Revenues & Volume, By Deep Water, 2021- 2031F |
6.3 Dominica Offshore Wind Turbine Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Dominica Offshore Wind Turbine Market Revenues & Volume, By Up to 1 MW, 2021- 2031F |
6.3.3 Dominica Offshore Wind Turbine Market Revenues & Volume, By 1-3 MW, 2021- 2031F |
6.3.4 Dominica Offshore Wind Turbine Market Revenues & Volume, By 3-5 MW, 2021- 2031F |
6.3.5 Dominica Offshore Wind Turbine Market Revenues & Volume, By Above 5 MW, 2021- 2031F |
7 Dominica Offshore Wind Turbine Market Import-Export Trade Statistics |
7.1 Dominica Offshore Wind Turbine Market Export to Major Countries |
7.2 Dominica Offshore Wind Turbine Market Imports from Major Countries |
8 Dominica Offshore Wind Turbine Market Key Performance Indicators |
8.1 Capacity utilization rate of offshore wind turbines in Dominica |
8.2 Average cost per megawatt-hour of electricity generated from offshore wind |
8.3 Number of new offshore wind projects initiated in Dominica |
8.4 Average installation time for offshore wind turbines in Dominica |
8.5 Levelized cost of energy (LCOE) for offshore wind projects in Dominica |
9 Dominica Offshore Wind Turbine Market - Opportunity Assessment |
9.1 Dominica Offshore Wind Turbine Market Opportunity Assessment, By Foundation Type, 2021 & 2031F |
9.2 Dominica Offshore Wind Turbine Market Opportunity Assessment, By Location Proximity, 2021 & 2031F |
9.3 Dominica Offshore Wind Turbine Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Dominica Offshore Wind Turbine Market - Competitive Landscape |
10.1 Dominica Offshore Wind Turbine Market Revenue Share, By Companies, 2024 |
10.2 Dominica Offshore Wind Turbine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |