Market Summary
Research Methodology on Offshore Wind Market
Abstract
This study aims to provide an in-depth analysis of the Offshore Wind Market and to provide insights into key market trends, drivers, and strategies. Primary data are collected from industry experts through interviews and secondary data are sourced from industry databases and journals. The findings of the study indicate healthy growth in the coming years due to increasing investments in offshore wind projects, increasing energy demands, and the development of innovative technologies.
Introduction
Offshore wind is a form of wind energy derived from the wind blowing over the oceans, seas, and lakes. It is one of the key approaches to harnessing renewable energy sources. Offshore wind can meet the energy demands of the growing global population sustainably and cost-effectively, hence the demand for offshore wind energy is continuously increasing globally. With increasing energy demands and technological advancements, the global offshore wind energy industry is expected to witness significant growth over the forecast period 2023 to 2030.
Research Methodology
The published research report attempts to study the ongoing trend in the offshore wind energy industry, as well as the drivers and restraints of the industry, and the future outlook. The data for this study is collected from secondary sources such as industry databases, reports, journals and websites. Data is also collected through primary sources such as interviews with subject matter experts and surveys with stakeholders in the offshore wind energy industry.
The research design adopted for this study is a qualitative approach and includes both primary and secondary sources of data. The primary data is collected from industry experts through interviews and surveys. The secondary data is collected by analyzing various sources of information such as industry reports, journals, and databases of various countries. The data thus collected is collated and analyzed using statistical methods such as descriptive statistics, linear regression, and factor analysis.
Data Analysis
The findings of the study indicate healthy growth in the coming years due to increasing investments in offshore wind projects, increasing energy demands, and the development of innovative technologies. The driving factors of the offshore wind energy industry include increasing global energy demands, government incentives, technological advancements, and costs of energy production. In addition, the key constraints include limited access to offshore sites, reliability of power generation, and an uncertain investment environment.
Conclusion
To conclude, the offshore wind energy industry is witnessing significant growth due to increasing global energy demands, government incentives, technological advancements, and decreasing costs of energy production. The major restraining factors limiting this growth are limited access to the offshore sites, an uncertain investment environment, and lower power output than expected.
Market Size & Forecast
Report Attribute/Metric Source: | Details |
MARKET SIZE 2023 | 27.46 (USD Billion) |
MARKET SIZE 2024 | 29.68 (USD Billion) |
MARKET SIZE 2035 | 70.0 (USD Billion) |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 8.11% (2025 - 2035) |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
BASE YEAR | 2024 |
MARKET FORECAST PERIOD | 2025 - 2035 |
HISTORICAL DATA | 2019 - 2024 |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Equinor, Nordex, EDP Renewables, Iberdrola, Siemens Gamesa Renewable Energy, Aker Solutions, Shell, MHI Vestas Offshore Wind, Orsted, GE Renewable Energy, RWE Renewables, TotalEnergies, Vestas Wind Systems |
SEGMENTS COVERED | Technology, Installation Type, Turbine Size, Application, Regional |
KEY MARKET OPPORTUNITIES | Technological advancements in turbines, Floating wind farms development, Expansion in emerging markets, Government incentives and subsidies, Enhanced energy storage solutions |
KEY MARKET DYNAMICS | regulatory support and policies, technology advancements and innovations, increased investment and financing, growing energy demand, environmental sustainability initiatives |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
Major Players
Offshore Wind Market Segmentation
Offshore Wind Market By Technology (USD Billion, 2019-2035)
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
Offshore Wind Market By Installation Type (USD Billion, 2019-2035)
Installed Capacity
Grid Connected
Non-Grid Connected
Offshore Wind Market By Turbine Size (USD Billion, 2019-2035)
Small Scale
Medium Scale
Large Scale
Offshore Wind Market By Application (USD Billion, 2019-2035)
Energy Generation
Desalination
Aquaculture
Offshore Wind Market By Regional (USD Billion, 2019-2035)
North America
Europe
South America
Asia Pacific
Middle East and Africa
Offshore Wind Market Regional Outlook (USD Billion, 2019-2035)
North America Outlook (USD Billion, 2019-2035)
North America Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
North America Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
North America Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
North America Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
North America Offshore Wind Market by Regional Type
US
Canada
US Outlook (USD Billion, 2019-2035)
US Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
US Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
US Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
US Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
CANADA Outlook (USD Billion, 2019-2035)
CANADA Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
CANADA Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
CANADA Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
CANADA Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
Europe Outlook (USD Billion, 2019-2035)
Europe Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
Europe Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
Europe Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
Europe Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
Europe Offshore Wind Market by Regional Type
Germany
UK
France
Russia
Italy
Spain
Rest of Europe
GERMANY Outlook (USD Billion, 2019-2035)
GERMANY Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
GERMANY Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
GERMANY Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
GERMANY Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
UK Outlook (USD Billion, 2019-2035)
UK Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
UK Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
UK Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
UK Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
FRANCE Outlook (USD Billion, 2019-2035)
FRANCE Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
FRANCE Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
FRANCE Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
FRANCE Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
RUSSIA Outlook (USD Billion, 2019-2035)
RUSSIA Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
RUSSIA Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
RUSSIA Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
RUSSIA Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
ITALY Outlook (USD Billion, 2019-2035)
ITALY Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
ITALY Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
ITALY Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
ITALY Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
SPAIN Outlook (USD Billion, 2019-2035)
SPAIN Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
SPAIN Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
SPAIN Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
SPAIN Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
REST OF EUROPE Outlook (USD Billion, 2019-2035)
REST OF EUROPE Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
REST OF EUROPE Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
REST OF EUROPE Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
REST OF EUROPE Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
APAC Outlook (USD Billion, 2019-2035)
APAC Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
APAC Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
APAC Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
APAC Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
APAC Offshore Wind Market by Regional Type
China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Rest of APAC
CHINA Outlook (USD Billion, 2019-2035)
CHINA Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
CHINA Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
CHINA Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
CHINA Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
INDIA Outlook (USD Billion, 2019-2035)
INDIA Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
INDIA Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
INDIA Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
INDIA Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
JAPAN Outlook (USD Billion, 2019-2035)
JAPAN Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
JAPAN Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
JAPAN Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
JAPAN Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
SOUTH KOREA Outlook (USD Billion, 2019-2035)
SOUTH KOREA Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
SOUTH KOREA Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
SOUTH KOREA Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
SOUTH KOREA Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
MALAYSIA Outlook (USD Billion, 2019-2035)
MALAYSIA Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
MALAYSIA Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
MALAYSIA Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
MALAYSIA Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
THAILAND Outlook (USD Billion, 2019-2035)
THAILAND Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
THAILAND Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
THAILAND Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
THAILAND Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
INDONESIA Outlook (USD Billion, 2019-2035)
INDONESIA Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
INDONESIA Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
INDONESIA Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
INDONESIA Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
REST OF APAC Outlook (USD Billion, 2019-2035)
REST OF APAC Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
REST OF APAC Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
REST OF APAC Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
REST OF APAC Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
South America Outlook (USD Billion, 2019-2035)
South America Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
South America Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
South America Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
South America Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
South America Offshore Wind Market by Regional Type
Brazil
Mexico
Argentina
Rest of South America
BRAZIL Outlook (USD Billion, 2019-2035)
BRAZIL Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
BRAZIL Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
BRAZIL Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
BRAZIL Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
MEXICO Outlook (USD Billion, 2019-2035)
MEXICO Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
MEXICO Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
MEXICO Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
MEXICO Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
ARGENTINA Outlook (USD Billion, 2019-2035)
ARGENTINA Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
ARGENTINA Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
ARGENTINA Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
ARGENTINA Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
REST OF SOUTH AMERICA Outlook (USD Billion, 2019-2035)
REST OF SOUTH AMERICA Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
REST OF SOUTH AMERICA Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
REST OF SOUTH AMERICA Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
REST OF SOUTH AMERICA Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
MEA Outlook (USD Billion, 2019-2035)
MEA Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
MEA Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
MEA Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
MEA Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
MEA Offshore Wind Market by Regional Type
GCC Countries
South Africa
Rest of MEA
GCC COUNTRIES Outlook (USD Billion, 2019-2035)
GCC COUNTRIES Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
GCC COUNTRIES Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
GCC COUNTRIES Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
GCC COUNTRIES Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
SOUTH AFRICA Outlook (USD Billion, 2019-2035)
SOUTH AFRICA Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
SOUTH AFRICA Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
SOUTH AFRICA Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
SOUTH AFRICA Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
REST OF MEA Outlook (USD Billion, 2019-2035)
REST OF MEA Offshore Wind Market by Technology Type
Floating Turbines
Fixed Bottom Turbines
Hybrid Systems
REST OF MEA Offshore Wind Market by Installation Type
Installed Capacity
Grid Connected
Non-Grid Connected
REST OF MEA Offshore Wind Market by Turbine Size Type
Small Scale
Medium Scale
Large Scale
REST OF MEA Offshore Wind Market by Application Type
Energy Generation
Desalination
Aquaculture
Leave a Comment