Market Summary
Global Offshore Wind Power Market Overview
As per MRFR analysis, the Offshore Wind Power Market Size was estimated at 69.81 (USD Billion) in 2022. The Offshore Wind Power Market Industry is expected to grow from 80.4(USD Billion) in 2023 to 286.5 (USD Billion) by 2032. The Offshore Wind Power Market CAGR (growth rate) is expected to be around 15.17% during the forecast period (2024 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Offshore Wind Power Market Trends Highlighted
Key market drivers for the Offshore Wind Power Market include increasing demand for renewable energy, government policies supporting the transition to clean energy, technological advancements driving down costs, and growing awareness of the environmental benefits of offshore wind energy. Opportunities in the market lie in the development of new technologies, expansion into new geographies, and collaborations between industry players.
Recent trends have shown a shift towards larger turbines, the integration of offshore wind with other renewable energy sources, and increased investments in research and development. With governments worldwide setting ambitious targets for renewable energy production, the offshore wind power market is poised for significant growth in the coming years.
Offshore Wind Power Market Drivers
-
Increasing Demand for Renewable Energy
Alternative energy is currently gaining high popularity. There are several factors contributing to the development of alternative energy. A major driver of development is the increasing global demand for renewable energy. As foreign companies leave behind their dependence on fossil fuels and move to a cleaner future, offshore wind power is becoming particularly attractive since offshore wind farms provide minimal environmental impact while efficiently producing massive volumes of electricity.
Many countries around the world have developed government regulations and support for alternative energy, as most states have established concrete goals for the production of this energy, which thinks of offshore wind energy as a primary source of energy. The demand for renewable energy is also increased by the increase in fuel costs and the high cost of oil and gas. Therefore, the increasing global demand for renewable energy is the largest and most important driver of the development and prosperity of the offshore wind market. The increasing demand for this type of energy is certainly logical as the whole world is switching to clean and renewable sources of energy.
Technological Advancements
Technological advancement is another major factor facilitating the growth of the offshore wind power market. Offshore wind has made a serious evolution over the years; for instance, the introduction of technological turbines has improved this industry by generating more electricity and reducing levels of noise pollution and vibrations produced. This type of turbine is also cost-effective and environmentally friendly.
The current advancement in offshore construction technology is another contributing factor as it enables these technologies to be set and constructed in deep waters, and the frames are also developed to withstand hazardous environments. The growth of the Offshore Wind Power Market Industry is expected to be huge. It will be restricted mainly by the investment in them after approval. It is anticipated to have a 15.17% CAGR during the forecast, and it is expected to behold a valuation of USD 286.5 billion over the 2032 period.
Government Support
Government support is one of the main drivers of the offshore wind power market’s growth. Governments of many countries have already taken steps to promote the use of offshore wind power. Those mainly included various capacity payment guarantees and feed-in tariffs, as well as tax bonuses and other subsidizing measures. Furthermore, different governments set specific goals for the consumption of energy obtained from renewable sources, and offshore wind power is destined to take a significant portion of that.
Consequently, government support is very important for the offshore wind power market’s growth. Provided that governments create favorable investment conditions through financial incentives and setting rigid goals towards which it is not possible to advance without the use of such energy, investment in offshore wind power projects will solely grow.
Offshore Wind Power Market Segment Insights
Offshore Wind Power Market Power Capacity Insights
Power Capacity Segment Insights Four power capacity segments, less than 10 MW, 10 – 50 MW, 50 – 100 MW, and 100 MW and above, are analyzed in the report. It is expected that the 100 MW and above segment will have the largest market share within the next several years. The key factor driving this trend is the increase in the demand for large offshore wind projects. It is expected that this segment will have more than 60% of the market share by 2026.
However, the 50 – 100 MW segment will also experience a significant growth rate due to the rise in the number of medium offshore wind projects. The 10 – 50 MW segment will also have a substantial share of the market since the demand for small offshore wind projects located close to “the shore seaward of the water-dependent uses of a state’s coastal zone” is increasing. The growth rate of the segment with less than 10 MW will be relatively low due to the limited scope of small offshore wind turbines. Drivers of the Market Growth The primary driver of the Offshore Wind Power Market is the surge in the amount of investment in offshore wind power projects being conducted at the global level.
A large number of governments are providing incentives and subsidies to investors to encourage the development of offshore wind farms. This trend makes offshore wind projects more attractive investment opportunities compared to other types of renewable energy sources. The demand for renewable energy sources is also increasing because of the growing impact of pollution on the environment.
Key Players The Offshore Wind Power Market represents a highly competitive environment. It has several players who account for a major share of the revenues. Vestas, Siemens Gamesa, and General Electric are key players in the market. These companies are investing in R activities that are designed to improve efficiency and decrease the costs of electricity production by using offshore wind turbines.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Offshore Wind Power Market Turbine Type Insights
The Offshore Wind Power Market is segmented by Turbine Type into Fixed-bottom Turbines and Floating Turbines. Fixed-bottom Turbines have dominated the market with a share of around 92.3% in 2023 and are expected to continue dominating for the period of 2024-2032 as this turbine type requires lower installation and maintenance costs.
The use of Floating Turbines, on the other hand, will result in stronger growth rates for the period, as they can be placed further from shore and in the deeper Water, where the wind resources are the strongest. The revenue for this turbine type in the Offshore Wind Power Market will reach USD 46.2 billion by 2032, and the CAGR for the period will be 20.5%.
Offshore Wind Power Market Water Depth Insights
The Offshore Wind Power Market is segmented by water depth into shallow Water (0-50 meters), intermediate water (50-150 meters), and deep water (150 meters and above). The shallow water segment is expected to account for the largest share of the market in 2023 due to the lower costs associated with installation and operation in shallower waters. However, the deep water segment is expected to grow at the fastest rate over the forecast period as technological advances make it more feasible to install and operate wind turbines in deeper waters.
In 2023, the shallow water segment is expected to account for a revenue of USD 27.5 billion, while the intermediate water segment is expected to account for a revenue of USD 20.1 billion. The deep water segment is expected to account for a revenue of USD 12.8 billion in the same year. By 2032, the shallow water segment is expected to account for a revenue of USD 93.6 billion, while the intermediate water segment is expected to account for a revenue of USD 68.1 billion. The deep water segment is expected to account for a revenue of USD 124.8 billion in the same year.
The growth of the deep water segment is being driven by a number of factors, including the increasing availability of suitable sites in deeper waters, the development of more powerful and efficient wind turbines, and the falling costs of offshore wind power. As a result, the deep water segment is expected to be a major driver of growth in the Offshore Wind Power Market over the forecast period.
Offshore Wind Power Market End-Use Application Insights
The End-Use Application segment of the Offshore Wind Power Market is anticipated to exhibit significant growth in the coming years. In 2023, the residential sector accounted for a sizable portion of the market, with a valuation of approximately USD 25.4 billion. This growth is attributed to the increasing adoption of offshore wind energy for residential applications, driven by government incentives and rising awareness of environmental sustainability.
Moving forward, the commercial and industrial sector is expected to emerge as a key growth driver for the Offshore Wind Power Market. The segment is projected to reach a valuation of USD 115.6 billion by 2032, growing at a CAGR of 16.2%. This growth is attributed to the increasing demand for renewable energy sources in commercial and industrial facilities as businesses seek to reduce their carbon footprint and meet sustainability goals.
The grid integration segment, which encompasses the integration of offshore wind power into the electrical grid, is also poised for substantial growth. This segment is projected to reach a valuation of USD 145.5 billion by 2032, growing at a CAGR of 14.9%. This growth is driven by the need for efficient and reliable transmission and distribution of offshore wind energy, as well as the increasing adoption of smart grid technologies.
Offshore Wind Power Market Regional Insights
The regional segmentation of the Offshore Wind Power Market provides insights into the geographical distribution of the market. In 2023, Europe led the market with a revenue of 46.56 billion USD, and it is expected to maintain its dominance throughout the forecast period. The Asia-Pacific region is projected to witness significant growth, owing to increasing investments in renewable energy and supportive government policies.
North America is also a key market, driven by technological advancements and favorable regulatory frameworks. South America and the Middle East Africa regions are expected to contribute to the market growth, albeit at a slower pace. The market growth in these regions is attributed to increasing energy demand, depleting conventional energy resources, and government initiatives to promote renewable energy sources.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Offshore Wind Power Market Key Players And Competitive Insights:
In the Offshore Wind Power Market, major players are investing extensively in R to bring out new products to the market to gain better market positioning and have a competitive edge. These companies also adopt inorganic strategies, which include partnerships with other companies to increase the reach of their products in other regions of the world.
The Offshore Wind Power Market industry faces immense competition with the rapidly changing product offerings to the customers.VestasVestas is one of the top companies that produce a wide range of offshore wind turbines. The company has a manufacturing presence in North America, Asia, and Europe. It provides cost-effective solutions by offering modular turbines, an excellent uptime of more than 97 percent, and higher increasing energy output capacities compared to other emerging technologies.
Siemens GamesaSiemens Gamesa has significant experience in the offshore wind industry and a wide range of products. The product portfolio includes the 8MW, which has demonstrated excellent performance and reliable performance, the 10MW prototype that is being tested, and Florence, the 13MW prototype. The company has also introduced floater solutions that will deliver more efficient services to sub-Saharan customers.GE Renewable EnergyGE Renewable Energy is also a large company in the industry with a manufacturing presence in the Americas and a wide range of Offshore Wind Turbines.
The wide range of products includes the 6MW Haliade, which delivers the lowest cost per MW to the customer. The company is also in the process of developing 12MW Haliade X machines that use the existing installations and offer the best cost to customers with a higher rate of reliability. The companies are part of an exhaustive list of vendors present in the Offshore Wind Power Market industry. In the future, we will also see a rise in the number of offshore wind turbines as many countries are showing growth.
Key Companies in the Offshore Wind Power Market Include
- Mingyang Smart Energy Group
- Siemens Gamesa Renewable Energy
- China Longyuan Power
- CSIC Haizhuang
- China General Nuclear Power Corporation
- Envision
- China XD Group
- China Three Gorges
- Shanghai Electric
- China Energy Investment Corporation
- Vestas Wind Systems
- China Resources
Offshore Wind Power Market Industry Developments
The Offshore Wind Power Market is experiencing significant growth, driven by increasing demand for renewable energy, government incentives, and technological advancements. In 2023, the market was valued at approximately USD 80.4 billion and is projected to reach USD 286.5 billion by 2032, exhibiting a CAGR of 15.17%. Asia-Pacific held the largest market share in 2023, followed by Europe and North America. Key market players include Vestas, Siemens Gamesa, and General Electric. Recent developments include the commissioning of the world's largest offshore wind farm, Hornsea 2, in the UK and the announcement of plans for several large-scale offshore wind projects in the US and China.
In May 2021, a US-based offshore renewable power project company, Hecate Independent Power Limited (HIP), introduced its HIP Atlantic Project, which is intended to install approximately 10 GW of both floating and fixed wind power generators in the North Atlantic Region, UK And the project transcript includes total capital of approximately USD 30 billion or GBP 21 billion is expected to link the overseas farms to the national net.
In May 2021, the offshore wind farm section of General Electric received a notification of an award for an offshore wind power project, which was in the third phase of the Dogger Bank wind farm. The company plans to install 87 units of the Haliade-X 14 MW offshore wind turbine with five years maintenance free on the project from 2025 to 2026.
In February 2021, Vestas introduced a generation Agr g115 offshore wind turbine, which is rated at 15mw. The new units have a rotor diameter of 236 meters and a swept area of 43,743 m2, and the system is also rated for 15 MW, making it possible for energy generation capacity up to 80 GWh per year.
In August 2022, a memorandum of understanding was signed between Ping Petroleum and Cerulean Winds for a wind power solution for the floating production, storage and offtake vessel (FPSO) dedicated to the Avalon oil project in the UK North Sea. A Sevan Hummingbird FPSO, which Ping purchased from TeekayCorporation in July 2022, is expected to be connected to the FPSO via a cable. The objectives of the two firms focus on establishing a joint venture company that possesses the requisite seabed lease rights to allow for the construction, installation and operation of the floating wind unit.
In April 2022, there was an activity on the ground as a general electric (ge) company was in the process of constructing a plant in Bergen in partnership with cement maker Holcim and Cobod, which is a 3d printing company. This is likely to make it possible for GE Company to 3D print the lower part of wind turbine towers at the wind farm instead of transportation.
Offshore Wind Power Market Segmentation Insights
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Offshore Wind Power Market Power Capacity Outlook
- Less than 10 MW
- 10-50 MW
- 50-100 MW
- 100 MW and above
-
Offshore Wind Power Market Turbine Type Outlook
- Fixed-bottom Turbines
- Floating Turbines
-
Offshore Wind Power Market Water Depth Outlook
- Shallow Water (0-50 meters)
- Intermediate Water (50-150 meters)
- Deep Water (150 meters and above)
-
Offshore Wind Power Market End-Use Application Outlook
- Residential
- Commercial and Industrial
- Grid Integration
-
Offshore Wind Power Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Market Size & Forecast
| Report Attribute/Metric | Details |
| Market Size 2022 | 69.81 (USD Billion) |
| Market Size 2023 | 80.4 (USD Billion) |
| Market Size 2032 | 286.5 (USD Billion) |
| Compound Annual Growth Rate (CAGR) | 15.17% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Mingyang Smart Energy Group, Siemens Gamesa Renewable Energy, China Longyuan Power, Equinor, CSIC Haizhuang, China General Nuclear Power Corporation, Envision, China XD Group, China Three Gorges, Shanghai Electric, China Energy Investment Corporation, Vestas Wind Systems, General Electric, China Resources |
| Segments Covered | Power Capacity, Turbine Type, Water Depth, End-Use Application, Regional |
| Key Market Opportunities | China's rapid market growth Technological advancements in wind turbines Growing demand for renewable energy Cost reductions and economies of scale Favorable government policies |
| Key Market Dynamics | Growing energy demand, technological advancements, rising environmental concerns, supportive government policies, and increased investments |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Major Players
Offshore Wind Power Market Segmentation
Offshore Wind Power Market By Power Capacity (USD Billion, 2019-2032)
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
Offshore Wind Power Market By Turbine Type (USD Billion, 2019-2032)
Fixed-bottom Turbines
Floating Turbines
Offshore Wind Power Market By Water Depth (USD Billion, 2019-2032)
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
Offshore Wind Power Market By End-Use Application (USD Billion, 2019-2032)
Residential
Commercial and Industrial
Grid Integration
Offshore Wind Power Market By Regional (USD Billion, 2019-2032)
North America
Europe
South America
Asia Pacific
Middle East and Africa
Offshore Wind Power Market Regional Outlook (USD Billion, 2019-2032)
North America Outlook (USD Billion, 2019-2032)
North America Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
North America Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
North America Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
North America Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
North America Offshore Wind Power Market by Regional Type
US
Canada
US Outlook (USD Billion, 2019-2032)
US Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
US Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
US Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
US Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
CANADA Outlook (USD Billion, 2019-2032)
CANADA Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
CANADA Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
CANADA Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
CANADA Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
Europe Outlook (USD Billion, 2019-2032)
Europe Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
Europe Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
Europe Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
Europe Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
Europe Offshore Wind Power Market by Regional Type
Germany
UK
France
Russia
Italy
Spain
Rest of Europe
GERMANY Outlook (USD Billion, 2019-2032)
GERMANY Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
GERMANY Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
GERMANY Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
GERMANY Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
UK Outlook (USD Billion, 2019-2032)
UK Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
UK Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
UK Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
UK Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
FRANCE Outlook (USD Billion, 2019-2032)
FRANCE Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
FRANCE Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
FRANCE Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
FRANCE Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
RUSSIA Outlook (USD Billion, 2019-2032)
RUSSIA Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
RUSSIA Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
RUSSIA Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
RUSSIA Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
ITALY Outlook (USD Billion, 2019-2032)
ITALY Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
ITALY Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
ITALY Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
ITALY Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
SPAIN Outlook (USD Billion, 2019-2032)
SPAIN Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
SPAIN Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
SPAIN Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
SPAIN Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
REST OF EUROPE Outlook (USD Billion, 2019-2032)
REST OF EUROPE Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
REST OF EUROPE Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
REST OF EUROPE Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
REST OF EUROPE Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
APAC Outlook (USD Billion, 2019-2032)
APAC Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
APAC Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
APAC Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
APAC Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
APAC Offshore Wind Power Market by Regional Type
China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Rest of APAC
CHINA Outlook (USD Billion, 2019-2032)
CHINA Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
CHINA Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
CHINA Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
CHINA Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
INDIA Outlook (USD Billion, 2019-2032)
INDIA Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
INDIA Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
INDIA Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
INDIA Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
JAPAN Outlook (USD Billion, 2019-2032)
JAPAN Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
JAPAN Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
JAPAN Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
JAPAN Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
SOUTH KOREA Outlook (USD Billion, 2019-2032)
SOUTH KOREA Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
SOUTH KOREA Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
SOUTH KOREA Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
SOUTH KOREA Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
MALAYSIA Outlook (USD Billion, 2019-2032)
MALAYSIA Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
MALAYSIA Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
MALAYSIA Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
MALAYSIA Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
THAILAND Outlook (USD Billion, 2019-2032)
THAILAND Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
THAILAND Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
THAILAND Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
THAILAND Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
INDONESIA Outlook (USD Billion, 2019-2032)
INDONESIA Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
INDONESIA Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
INDONESIA Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
INDONESIA Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
REST OF APAC Outlook (USD Billion, 2019-2032)
REST OF APAC Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
REST OF APAC Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
REST OF APAC Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
REST OF APAC Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
South America Outlook (USD Billion, 2019-2032)
South America Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
South America Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
South America Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
South America Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
South America Offshore Wind Power Market by Regional Type
Brazil
Mexico
Argentina
Rest of South America
BRAZIL Outlook (USD Billion, 2019-2032)
BRAZIL Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
BRAZIL Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
BRAZIL Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
BRAZIL Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
MEXICO Outlook (USD Billion, 2019-2032)
MEXICO Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
MEXICO Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
MEXICO Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
MEXICO Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
ARGENTINA Outlook (USD Billion, 2019-2032)
ARGENTINA Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
ARGENTINA Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
ARGENTINA Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
ARGENTINA Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
REST OF SOUTH AMERICA Outlook (USD Billion, 2019-2032)
REST OF SOUTH AMERICA Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
REST OF SOUTH AMERICA Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
REST OF SOUTH AMERICA Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
REST OF SOUTH AMERICA Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
MEA Outlook (USD Billion, 2019-2032)
MEA Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
MEA Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
MEA Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
MEA Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
MEA Offshore Wind Power Market by Regional Type
GCC Countries
South Africa
Rest of MEA
GCC COUNTRIES Outlook (USD Billion, 2019-2032)
GCC COUNTRIES Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
GCC COUNTRIES Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
GCC COUNTRIES Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
GCC COUNTRIES Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
SOUTH AFRICA Outlook (USD Billion, 2019-2032)
SOUTH AFRICA Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
SOUTH AFRICA Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
SOUTH AFRICA Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
SOUTH AFRICA Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
REST OF MEA Outlook (USD Billion, 2019-2032)
REST OF MEA Offshore Wind Power Market by Power Capacity Type
Less than 10 MW
10-50 MW
50-100 MW
100 MW and above
REST OF MEA Offshore Wind Power Market by Turbine Type
Fixed-bottom Turbines
Floating Turbines
REST OF MEA Offshore Wind Power Market by Water Depth Type
Shallow Water (0-50 meters)
Intermediate Water (50-150 meters)
Deep Water (150 meters and above)
REST OF MEA Offshore Wind Power Market by End-Use Application Type
Residential
Commercial and Industrial
Grid Integration
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