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Offshore Wind Global Market Report 2025
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Global Offshore Wind Market Report 2025

Report Price : $4490.00

Pages : 200

Format : PDF

Published : January 2025

Delivery Time : 2-3 Business Days

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Offshore Wind Global Market Report 2025

By Component (Turbines, Electrical Infrastructure, Substructure, Other Components), By Location (Shallow Water, Transitional Water, Deep Water), By Capacity (Up to 3MW, 3MW to 5MW, Above 5MW), By Application (Electric Power, Oil and Gas, Aviation, Transport, Other Applications) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Offshore Wind Market Overview

• Offshore Wind market size has reached to $49.69 billion in 2024

• Expected to grow to $104.95 billion in 2029 at a compound annual growth rate (CAGR) of 15.9%

• Growth Driver: Elevated Global Investments In Renewable Energy Fuel Offshore Wind Market Growth

• Market Trend: Denmark launches its biggest offshore wind tender

• Western Europe was the largest region in 2024 and North America is the fastest growing region.

What Is Covered Under Offshore Wind Market?

Offshore wind refers to a clean and renewable energy source generated by utilizing the wind's force on the open seas, where it reaches a higher and more consistent speed than on land due to the lack of boundaries and is used for the generation of electricity from wind farms in water bodies, usually at sea.

The main components of the offshore wind market are turbines, electrical infrastructure, substructures, and other components. A turbine refers to a machine or engine which uses a stream of air, gas, water, or steam to turn a wheel and produce power. The locations of wind power include shallow water, transitional water, and deep water. The capacity ranges of offshore wind include up to 3MW,3MW, and above 5MW. The various applications of wind power include Electric Power, oil and gas, aviation and transport, and other applications.

Offshore Wind Market Size and growth rate 2025 to 2029: Graph

What Is The Offshore Wind Market Size 2025 And Growth Rate?

The offshore wind market size has grown rapidly in recent years. It will grow from $49.69 billion in 2024 to $58.22 billion in 2025 at a compound annual growth rate (CAGR) of 17.2%. The growth in the historic period can be attributed to government support, cost reductions, climate change awareness.

What Is The Offshore Wind Market Growth Forecast?

The offshore wind market size is expected to see rapid growth in the next few years. It will grow to $104.95 billion in 2029 at a compound annual growth rate (CAGR) of 15.9%. The growth in the forecast period can be attributed to scale and capacity expansion, energy transition policies, international collaboration. Major trends in the forecast period include technological innovation, floating wind farms, hybrid projects, digitalization and automation, grid connectivity.

The forecast of 15.9% growth over the next five years reflects a slight reduction of 0.1% from the previous projectiont. This reduction is primarily due to the impact of tariffs between the US and other countries. The offshore wind sector could face headwinds due to tariffs on nacelles, subsea cables, and blade bearings, which are heavily dependent on European and Chinese imports. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Utilities Industry?

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the utilities sector, particularly in power generation, grid infrastructure, and renewable energy projects. Higher duties on imported equipment such as turbines, transformers, solar panels, and battery storage systems have increased capital and operational costs for utility providers, forcing them to reconsider project timelines or pass on expenses to consumers through higher energy rates. The water and waste management segments are also affected, with tariffs driving up the cost of essential machinery, piping, and treatment technologies. Additionally, retaliatory tariffs have disrupted global supply chains for critical raw materials like rare earth metals used in clean energy technologies, further complicating the transition to sustainable energy sources. The sector must now prioritize domestic sourcing, digitalization, and efficiency-driven innovations to manage escalating costs while ensuring energy security and regulatory compliance.

How Is The Offshore Wind Market Segmented?

1) By Component: Turbines, Electrical Infrastructure, Substructure, Other Components

2) By Location: Shallow Water, Transitional Water, Deep Water

3) By Capacity: Up to 3MW, 3MW to 5MW, Above 5MW

4) By Application: Electric Power, Oil and Gas, Aviation, Transport, Other Applications

Subsegments:

1) By Turbines: Wind Turbine Generators (WTGs), Rotor Blades, Nacelle, Gearbox And Drive Train

2) By Electrical Infrastructure: Offshore Substations, Undersea Cables (Inter-Array And Export Cables), Transformers, Switchgear And Circuit Breakers

3) By Substructure: Monopile Foundations, Jacket Foundations, Floating Platforms, Gravity-Based Structures

4) By Other Components: Maintenance And Service Equipment, SCADA Systems (Supervisory Control And Data Acquisition), Energy Storage Systems, Monitoring And Control Systems

What Is Driving The Offshore Wind Market? Elevated Global Investments In Renewable Energy Fuel Offshore Wind Market Growth

Increasing global investments in renewable energy are expected to propel the growth of the offshore wind market going forward. Renewable energy is energy generated from naturally replenished sources such as the sun and wind. The government is investing in renewable energy to strengthen its position in the offshore wind generation sector. For instance, in 2023, according to global new investment in renewable power and fuels hit a record high of approximately USD 622.5 billion, marking an 8.1% increase from 2022. Therefore, increasing global investments in renewable energy are expected to propel the demand for offshore wind solutions during the forecast period.

What Is Driving The Offshore Wind Market? Oil And Gas Industry Expansion Fueling Offshore Wind Market Growth

The rising oil and gas industry is expected to propel the growth of the offshore wind market going forward. The oil and gas industry encompasses the exploration, extraction, refining, and distribution of petroleum and natural gas resources. Offshore wind contributes to the oil and gas industry's energy diversification, emissions reduction, and the adaptive reuse of offshore assets for sustainable renewable energy production. For instance, in December 2022, according to gov. uk, a UK-based government website, total government revenues from UK oil and gas production were $1.71 billion (£1.4 billion) in the tax year 2021–2022, compared to $0. 37 billion (£0. 3 billion) in the previous year, an increase of $1.34 billion (£1.1 billion). Therefore, the rising oil and gas industry is driving the growth of the offshore wind industry.

Who Are The Major Players In The Global Offshore Wind Market?

Major companies operating in the offshore wind market include General Electric Company, Siemens Gamesa Renewable Energy S. A., MHI Vestas Offshore Wind A/S, Xinjiang Goldwind Science & Technology Co. Ltd., Shanghai Electric Wind Power Group Co. Ltd., Vestas Wind Systems A/S, Nordex SE, Envision Energy Corporation, China Shipbuilding Industry Corporation, Ming Yang Smart Energy Group Co. Ltd., LM Wind Power, Sinovel Wind Group Co. Ltd., XEMC Windpower Co. Ltd., Doosan Heavy Industries & Construction Co. Ltd., Dongfang Electric Corporation, United Power Technology Company Limited, Hitachi Ltd., Toshiba Corporation, ABB Ltd., Nexans S. A., Prysmian Group S. p. A., General Cable Corporation, JDR Cable Systems Ltd., LS Cable & System Ltd., NKT A/S, Subsea 7 S. A., TechnipFMC plc, Van Oord Dredging and Marine Contractors BV

What Are The Key Trends Of The Global Offshore Wind Market? Denmark launches its biggest offshore wind tender

Major companies operating in the offshore wind market are focusing on developing, technological advancement such as tender to streamline project bidding, enhance competitive pricing, and improve collaboration among stakeholders, ultimately accelerating the deployment of offshore wind projects and increasing renewable energy capacity. An offshore wind tender refers to a formal process in which governments or organizations invite bids from companies to develop offshore wind projects. For instance, in April 2024, Denmark, a Fredericia, Denmark-based home to several key companies in the offshore wind industry, notably Ørsted, and was formerly known as DONG Energy, the country is celebrated for its leadership in renewable energy, particularly in offshore wind development, and demonstrates a strong commitment to sustainability and green technologies. An offshore wind tender is a structured process for soliciting bids from companies to develop wind projects, detailing specifications such as project size, location, and expected energy output, while assessing proposals based on cost, technical feasibility, and regulatory compliance to identify qualified developers.

What Are The Key Trends Of The Global Offshore Wind Market? Competitive Advantage Through Floating Wind Farms In The Offshore Wind Market

Major companies operating in the offshore wind market are increasing their focus on introducing floating wind farms to gain a competitive edge in the market. A floating wind farm is a renewable energy facility that consists of wind turbines mounted on floating structures, typically in deep offshore waters. For instance, in August 2023, Equinor, a Norway-based energy company, opened the world's largest floating wind farm called Hywind Tampen. The wind farm consists of 11 wind turbines based on the floating Hywind concept, developed by Equinor, and has a system capacity of 88 MW, making it the world's largest floating offshore wind farm. The wind farm is located in the Norwegian North Sea and is expected to meet about 35% of the annual electricity power demand of the five Snorre A and B and Gullfaks A, B, and C oil and gas platforms.

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Offshore Wind Market Merger And Acquisition: Jera Expands Renewable Energy Portfolio With Acquisition Of Parkwind Nv

In July 2023, JERA, a Japan-based wind energy company, acquired Parkwind NV for $1.58 billion. The acquisition is expected to help JERA strengthen its renewable energy portfolio and strengthen its position in Taiwan and the UK wind energy market. Parkwind NV is a Belgium-based green energy company specializing in developing offshore wind farm projects.

Regional Outlook For The Global Offshore Wind Market

Western Europe was the largest region in the offshore wind market in 2024.North America is expected to be the fastest-growing region in the offshore wind market share during the forecast period. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

What Defines the Offshore Wind Market?

The offshore wind market includes revenues earned by entities by providing services with the help of various floating platforms including spar-buoy, tension leg platform, semi-submersible, and barge. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Offshore Wind Industry?

The offshore wind market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the offshore wind industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Offshore Wind Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $58.22 billion
Revenue Forecast In 2034 $104.95 billion
Growth Rate CAGR of 15.9% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Component: Turbines, Electrical Infrastructure, Substructure, Other Components
2) By Location: Shallow Water, Transitional Water, Deep Water
3) By Capacity: Up to 3MW, 3MW to 5MW, Above 5MW
4) By Application: Electric Power, Oil and Gas, Aviation, Transport, Other Applications Subsegments: 1) By Turbines: Wind Turbine Generators (WTGs), Rotor Blades, Nacelle, Gearbox And Drive Train
2) By Electrical Infrastructure: Offshore Substations, Undersea Cables (Inter-Array And Export Cables), Transformers, Switchgear And Circuit Breakers
3) By Substructure: Monopile Foundations, Jacket Foundations, Floating Platforms, Gravity-Based Structures
4) By Other Components: Maintenance And Service Equipment, SCADA Systems (Supervisory Control And Data Acquisition), Energy Storage Systems, Monitoring And Control Systems
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled General Electric Company, Siemens Gamesa Renewable Energy S. A., MHI Vestas Offshore Wind A/S, Xinjiang Goldwind Science & Technology Co. Ltd., Shanghai Electric Wind Power Group Co. Ltd., Vestas Wind Systems A/S, Nordex SE, Envision Energy Corporation, China Shipbuilding Industry Corporation, Ming Yang Smart Energy Group Co. Ltd., LM Wind Power, Sinovel Wind Group Co. Ltd., XEMC Windpower Co. Ltd., Doosan Heavy Industries & Construction Co. Ltd., Dongfang Electric Corporation, United Power Technology Company Limited, Hitachi Ltd., Toshiba Corporation, ABB Ltd., Nexans S. A., Prysmian Group S. p. A., General Cable Corporation, JDR Cable Systems Ltd., LS Cable & System Ltd., NKT A/S, Subsea 7 S. A., TechnipFMC plc, Van Oord Dredging and Marine Contractors BV
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Table Of Contents

1. Executive Summary

2. Offshore Wind Market Characteristics

3. Offshore Wind Market Trends And Strategies

4. Offshore Wind Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Offshore Wind Growth Analysis And Strategic Analysis Framework

5.1. Global Offshore Wind PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Offshore Wind Market Growth Rate Analysis

5.4. Global Offshore Wind Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Offshore Wind Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Offshore Wind Total Addressable Market (TAM)

6. Offshore Wind Market Segmentation

6.1. Global Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Turbines

Electrical Infrastructure

Substructure

Other Components

6.2. Global Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Shallow Water

Transitional Water

Deep Water

6.3. Global Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Electric Power

Oil and Gas

Aviation

Transport

Other Applications

6.4. Global Offshore Wind Market, Sub-Segmentation Of Turbines, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Wind Turbine Generators (WTGs)

Rotor Blades

Nacelle

Gearbox And Drive Train

6.5. Global Offshore Wind Market, Sub-Segmentation Of Electrical Infrastructure, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Offshore Substations

Undersea Cables

Transformers

Switchgear And Circuit Breakers

6.6. Global Offshore Wind Market, Sub-Segmentation Of Substructure, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Monopile Foundations

Jacket Foundations

Floating Platforms

Gravity-Based Structures

6.7. Global Offshore Wind Market, Sub-Segmentation Of Other Components, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Maintenance And Service Equipment

SCADA Systems (Supervisory Control And Data Acquisition)

Energy Storage Systems

Monitoring And Control Systems

7. Offshore Wind Market Regional And Country Analysis

7.1. Global Offshore Wind Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Offshore Wind Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Offshore Wind Market

8.1. Asia-Pacific Offshore Wind Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Offshore Wind Market

9.1. China Offshore Wind Market Overview

9.2. China Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Offshore Wind Market

10.1. India Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Offshore Wind Market

11.1. Japan Offshore Wind Market Overview

11.2. Japan Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Offshore Wind Market

12.1. Australia Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Offshore Wind Market

13.1. Indonesia Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Offshore Wind Market

14.1. South Korea Offshore Wind Market Overview

14.2. South Korea Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Offshore Wind Market

15.1. Western Europe Offshore Wind Market Overview

15.2. Western Europe Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Offshore Wind Market

16.1. UK Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Offshore Wind Market

17.1. Germany Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Offshore Wind Market

18.1. France Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Offshore Wind Market

19.1. Italy Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Offshore Wind Market

20.1. Spain Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Offshore Wind Market

21.1. Eastern Europe Offshore Wind Market Overview

21.2. Eastern Europe Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Offshore Wind Market

22.1. Russia Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Offshore Wind Market

23.1. North America Offshore Wind Market Overview

23.2. North America Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Offshore Wind Market

24.1. USA Offshore Wind Market Overview

24.2. USA Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Offshore Wind Market

25.1. Canada Offshore Wind Market Overview

25.2. Canada Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Offshore Wind Market

26.1. South America Offshore Wind Market Overview

26.2. South America Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Offshore Wind Market

27.1. Brazil Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Offshore Wind Market

28.1. Middle East Offshore Wind Market Overview

28.2. Middle East Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Offshore Wind Market

29.1. Africa Offshore Wind Market Overview

29.2. Africa Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Offshore Wind Market Competitive Landscape And Company Profiles

30.1. Offshore Wind Market Competitive Landscape

30.2. Offshore Wind Market Company Profiles

30.2.1. General Electric Company Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Siemens Gamesa Renewable Energy S. A. Overview, Products and Services, Strategy and Financial Analysis

30.2.3. MHI Vestas Offshore Wind A/S Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Xinjiang Goldwind Science & Technology Co. Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Shanghai Electric Wind Power Group Co. Ltd. Overview, Products and Services, Strategy and Financial Analysis

31. Offshore Wind Market Other Major And Innovative Companies

31.1. Vestas Wind Systems A/S

31.2. Nordex SE

31.3. Envision Energy Corporation

31.4. China Shipbuilding Industry Corporation

31.5. Ming Yang Smart Energy Group Co. Ltd.

31.6. LM Wind Power

31.7. Sinovel Wind Group Co. Ltd.

31.8. XEMC Windpower Co. Ltd.

31.9. Doosan Heavy Industries & Construction Co. Ltd.

31.10. Dongfang Electric Corporation

31.11. United Power Technology Company Limited

31.12. Hitachi Ltd.

31.13. Toshiba Corporation

31.14. ABB Ltd.

31.15. Nexans S. A.

32. Global Offshore Wind Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Offshore Wind Market

34. Recent Developments In The Offshore Wind Market

35. Offshore Wind Market High Potential Countries, Segments and Strategies

35.1 Offshore Wind Market In 2029 - Countries Offering Most New Opportunities

35.2 Offshore Wind Market In 2029 - Segments Offering Most New Opportunities

35.3 Offshore Wind Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

Need tailored insights? Customise this report to fit your business goals.

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Offshore Wind Market, Sub-Segmentation Of Turbines, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Offshore Wind Market, Sub-Segmentation Of Electrical Infrastructure, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Offshore Wind Market, Sub-Segmentation Of Substructure, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Offshore Wind Market, Sub-Segmentation Of Other Components, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Offshore Wind Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Offshore Wind Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Asia-Pacific, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Asia-Pacific, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: China, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: China, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: China, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: India, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: India, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: India, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Japan, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Japan, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Japan, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Australia, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Australia, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Australia, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Indonesia, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Indonesia, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Indonesia, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: South Korea, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: South Korea, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: South Korea, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Western Europe, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Western Europe, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Western Europe, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: UK, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: UK, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: UK, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Germany, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Germany, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: Germany, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: France, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: France, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: France, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Italy, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Italy, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Italy, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Spain, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Spain, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Spain, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Eastern Europe, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Eastern Europe, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Eastern Europe, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Russia, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Russia, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Russia, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: North America, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: North America, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: North America, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: USA, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: USA, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: USA, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: Canada, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: Canada, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: Canada, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: South America, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: South America, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: South America, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Brazil, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Brazil, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Brazil, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Middle East, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Middle East, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Middle East, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Africa, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Africa, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Africa, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: General Electric Company Financial Performance
  • Table 79: Siemens Gamesa Renewable Energy S. A. Financial Performance
  • Table 80: MHI Vestas Offshore Wind A/S Financial Performance
  • Table 81: Xinjiang Goldwind Science & Technology Co. Ltd. Financial Performance
  • Table 82: Shanghai Electric Wind Power Group Co. Ltd. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Offshore Wind Market, Sub-Segmentation Of Turbines, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Offshore Wind Market, Sub-Segmentation Of Electrical Infrastructure, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Offshore Wind Market, Sub-Segmentation Of Substructure, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Offshore Wind Market, Sub-Segmentation Of Other Components, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Offshore Wind Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Offshore Wind Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Asia-Pacific, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Asia-Pacific, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: China, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: China, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: China, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: India, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: India, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: India, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Japan, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Japan, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Japan, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Australia, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Australia, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Australia, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Indonesia, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Indonesia, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Indonesia, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: South Korea, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: South Korea, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: South Korea, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Western Europe, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Western Europe, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Western Europe, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: UK, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: UK, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: UK, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Germany, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Germany, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: Germany, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: France, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: France, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: France, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Italy, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Italy, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Italy, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Spain, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Spain, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Spain, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Eastern Europe, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Eastern Europe, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Eastern Europe, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Russia, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Russia, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Russia, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: North America, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: North America, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: North America, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: USA, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: USA, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: USA, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: Canada, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: Canada, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: Canada, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: South America, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: South America, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: South America, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Brazil, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Brazil, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Brazil, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Middle East, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Middle East, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Middle East, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Africa, Offshore Wind Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Africa, Offshore Wind Market, Segmentation By Location, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Africa, Offshore Wind Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: General Electric Company Financial Performance
  • Figure 79: Siemens Gamesa Renewable Energy S. A. Financial Performance
  • Figure 80: MHI Vestas Offshore Wind A/S Financial Performance
  • Figure 81: Xinjiang Goldwind Science & Technology Co. Ltd. Financial Performance
  • Figure 82: Shanghai Electric Wind Power Group Co. Ltd. Financial Performance

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Frequently Asked Questions

Offshore wind refers to a clean and renewable energy source generated by utilizing the wind's force on the open seas, where it reaches a higher and more consistent speed than on land due to the lack of boundaries and is used for the generation of electricity from wind farms in water bodies, usually at sea. For further insights on this market, request a sample here

The market major growth driver - Elevated Global Investments In Renewable Energy Fuel Offshore Wind Market Growth. For further insights on this market, request a sample here

The offshore wind market size has grown rapidly in recent years. It will grow from $49.69 billion in 2024 to $58.22 billion in 2025 at a compound annual growth rate (CAGR) of 17.2%. The growth in the historic period can be attributed to government support, cost reductions, climate change awareness. The offshore wind market size is expected to see rapid growth in the next few years. It will grow to $104.95 billion in 2029 at a compound annual growth rate (CAGR) of 15.9%. The growth in the forecast period can be attributed to scale and capacity expansion, energy transition policies, international collaboration. Major trends in the forecast period include technological innovation, floating wind farms, hybrid projects, digitalization and automation, grid connectivity. For further insights on this market, request a sample here

The offshore windmarket covered in this report is segmented –
1) By Component: Turbines, Electrical Infrastructure, Substructure, Other Components
2) By Location: Shallow Water, Transitional Water, Deep Water
3) By Capacity: Up to 3MW, 3MW to 5MW, Above 5MW
4) By Application: Electric Power, Oil and Gas, Aviation, Transport, Other Applications Subsegments:
1) By Turbines: Wind Turbine Generators (WTGs), Rotor Blades, Nacelle, Gearbox And Drive Train
2) By Electrical Infrastructure: Offshore Substations, Undersea Cables (Inter-Array And Export Cables), Transformers, Switchgear And Circuit Breakers
3) By Substructure: Monopile Foundations, Jacket Foundations, Floating Platforms, Gravity-Based Structures
4) By Other Components: Maintenance And Service Equipment, SCADA Systems (Supervisory Control And Data Acquisition), Energy Storage Systems, Monitoring And Control Systems For further insights on this market, request a sample here

Western Europe was the largest region in the offshore wind market in 2024.North America is expected to be the fastest-growing region in the offshore wind market share during the forecast period. The regions covered in the offshore wind market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on this market, request a sample here.

Major companies operating in the offshore wind market include General Electric Company, Siemens Gamesa Renewable Energy S. A., MHI Vestas Offshore Wind A/S, Xinjiang Goldwind Science & Technology Co. Ltd., Shanghai Electric Wind Power Group Co. Ltd., Vestas Wind Systems A/S, Nordex SE, Envision Energy Corporation, China Shipbuilding Industry Corporation, Ming Yang Smart Energy Group Co. Ltd., LM Wind Power, Sinovel Wind Group Co. Ltd., XEMC Windpower Co. Ltd., Doosan Heavy Industries & Construction Co. Ltd., Dongfang Electric Corporation, United Power Technology Company Limited, Hitachi Ltd., Toshiba Corporation, ABB Ltd., Nexans S. A., Prysmian Group S. p. A., General Cable Corporation, JDR Cable Systems Ltd., LS Cable & System Ltd., NKT A/S, Subsea 7 S. A., TechnipFMC plc, Van Oord Dredging and Marine Contractors BV . For further insights on this market, request a sample here.

Major trends in this market include Denmark launches its biggest offshore wind tender. For further insights on this market, request a sample here.

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Global Offshore Wind Market Report 2025

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