Offshore Wind Installation Forecast Analysis & Report

Spinergie’s 15-page report provides detailed analysis and commentary on the global Rock Installation Vessels (RIV) market. The key focus is on RIV demand dynamics with a forecast through 2030, trends and growth projections with additional insight on market opportunities for dredgers. The report uses data (excluding China) from Spinergie’s continually updated Market Intelligence solution. This supply and demand analysis is also fully customizable by request, if you require a closer look on a regional or country level.

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Table of content

Fleet Analysis

Positioning across sectors over the years
Active players by fleet size
Fleet growth and attrition
Trends in new builds

Demand for RIV

Vessel days per sector
Fleet utilization per sector
Vessel days per region/ country
Forecasted demand

Market opportunities: dredgers

From Oil & Gas to Offshore Wind

The RIV market has shifted from O&G to offshore wind projects, with the wind sector's share of RIV activities rising from 40% in 2018 to 45% in 2023. This change is driven by a 76% increase in offshore wind capacity in Northern Europe since 2019, and demand from developers suggests a further f ive-fold increase in capacity by 2030. This will significantly increase demand for rock installation services, especially for export cables and turbine foundations.

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Slow growth of the vessel fleet

The market is dominated by European companies, which control 85% of the fleet. New competition is emerging in the United States. The fleet has grown slowly, with new vessels being rare and conversions becoming more common.