| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 24.54 Billion |
| Market Size (2030) | USD 49.49 Billion |
| CAGR (2025 - 2030) | 15.06 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Offshore Wind Construction Vessel Market Analysis
The Offshore Wind Construction Vessel Market size is estimated at USD 24.54 billion in 2025, and is expected to reach USD 49.49 billion by 2030, at a CAGR of 15.06% during the forecast period (2025-2030).
- Over the medium term, factors such as increasing offshore wind energy installations and the global renewable energy imperative are expected to be among the most significant drivers for the offshore wind construction vessel market during the forecast period.
- On the other hand, the cost of building and operating offshore wind construction vessels is high, which will pose a threat to the market during the forecast period.
- However, continued advancements in vessel design, propulsion systems, and automation led to more efficient wind construction vessels. This factor is expected to create several opportunities for the market in the future.
- The Asia-Pacific region dominates the market and will likely register the highest CAGR during the forecast period. China, Vietnam, Japan, and others drive it due to the growing number of offshore wind energy installation projects in these countries.
Offshore Wind Construction Vessel Market Trends
Normal Jack-Up Vessels Expected to Witness Growth
- Normal jack-up vessels are units designed to operate in harsh offshore environmental conditions. They have hulls and several cylindrical or lattice legs that can be extended to the seabeds, allowing the vessel to be jacked up and providing a stabilized platform for performing installation, maintenance, or various other activities from above the water surface. Due to their relatively more straightforward designs and operations, they are ideal for offshore wind farm construction and maintenance activities.
- One of the primary advantages of jack-up vessels is their ability to provide a stable and elevated working platform in offshore locations. This stability is critical for accurately positioning and installing wind energy components, such as tower sections, nacelles, turbines, and blades. The elevated platform also facilitates safe and efficient access to the turbines for maintenance and repair work, even in challenging weather conditions.
- As the number of offshore wind installations rises, the demand for normal jack-up vessels is expected to increase significantly. Various countries are exploring offshore wind energy installations, and compared to their counterparts, normal jack-up type vessels offer far less complexity in terms of operating and maintaining while also being relatively cheaper.
- According to the International Renewable Energy Agency 2023, the cumulative offshore wind energy installation globally was 72.66 GW in 2023 compared to 61.96 GW in 2022, registering a CAGR of over 17%, signifying the growing traction of offshore wind energy installation, which, in turn, drives the demand for normal jack-up vessels.
- To meet these market demands, jack-up vessel operators and shipyards have invested heavily in designing and constructing new, state-of-the-art vessels. These vessels are equipped with advanced technologies, such as dynamic positioning systems, motion-compensated cranes, and integrated control systems, to enhance their operational efficiency and safety.
- For instance, in May 2023, Danish installation firm Cadeler announced that the company worked on a new series of normal jack-up offshore wind installation vessels. The company teamed up with MAN Energy Solutions to develop a small engine that would reduce the weight of these vessels by 50%. This is expected to create room for a more advanced propulsion system without increasing the vessel weight, which leads to advanced vessels at a similar price to traditional vessels.
- Hence, the normal jack-up vessels are expected to grow significantly during the forecast period due to increased technological advancements and exploration of offshore wind energy.
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Asia-Pacific to Dominate the Market
- Asia-Pacific is poised to dominate the offshore wind construction vessel market, driven by various countries setting ambitious renewable and offshore wind energy targets. Countries in the region, such as China, Vietnam, India, Japan, and South Korea, are experiencing a surge in energy demand due to rapid economic growth and urbanization. Offshore wind energy has emerged as an ideal solution to meet the growing energy demand while controlling carbon emissions and tackling space constraints.
- According to the International Renewable Energy Agency, offshore energy capacity in Asia-Pacific has risen significantly in recent years. It is one of the largest in the world. In 2023, the region's installed offshore wind energy capacity was 40.25 GW, which was more than 55% of the global installed capacity. This signifies the increased adoption of offshore wind energy in the region, propelling the market growth.
- Governments across the Asia-Pacific have implemented ambitious renewable energy targets and supportive policies, creating a conducive environment for offshore wind farm development. For instance, China has set a target of installing 40 gigawatts (GW) of offshore wind capacity by 2030, while Japan aims for 10 GW, and South Korea targets 8.2 GW by the same year. They are further driving the offshore wind construction vessels market in the region.
- Additionally, the region's well-established manufacturing capabilities in sectors such as shipbuilding, steel production, and heavy machinery provide a solid foundation for developing a robust offshore wind supply chain, including producing wind turbine components, vessels, and support infrastructure.
- Thus, the Asia-Pacific region will dominate the market during the forecast period.
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Offshore Wind Construction Vessel Industry Overview
The global offshore wind construction vessel market is semi-consolidated. Some of the key players in this market are Lamprell Energy Ltd, Pella Sietas GmbH, Japan Marine United Corporation, Seafox, and Nantong Rainbow Offshore & Engineering Equipments Co. Ltd.
Offshore Wind Construction Vessel Market Leaders
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Lamprell Energy Ltd
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Pella Sietas GmbH
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Japan Marine United Corporation
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Seafox
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Nantong Rainbow Offshore & Engineering Equipments Co., Ltd
- *Disclaimer: Major Players sorted in no particular order
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Offshore Wind Construction Vessel Market News
- April 2024: Dominion Energy announced that it successfully launched Charybdis, the first Jones Act-compliant offshore wind turbine construction vessel in the United States, from land to water. This achievement marks a significant milestone in the vessel's construction, with the completion of hull welding and the commissioning of the vessel's four legs and associated jacking system.
- February 2024: The classification society ABS approved in principle (AIP) Chinese shipbuilder Yantai CIMC Raffles Offshore Ltd for designing a dual-fuel methanol-powered, heavy-duty offshore wind turbine construction vessel (WTCV). This WTCV can transport and install the world's giant wind turbines, generating up to 20 megawatts (MW) of electricity, and offers reduced carbon emissions through its dual-fuel methanol propulsion system. The design also includes a 3,500-ton leg encircling crane and a robust, sea-keeping dynamic positioning system (DPS) compliant with ABS class requirements DPS-2.
Offshore Wind Construction Vessel Industry Segmentation
An offshore wind construction vessel is a specialized ship designed to assist in the construction and maintenance of offshore wind farms. These vessels have heavy-duty cranes, dynamic positioning systems, and specialized equipment to install wind turbine components such as foundations, towers, and blades in deep waters. They play a crucial role in developing offshore wind energy projects by providing the necessary infrastructure and support for offshore operations.
The offshore wind construction vessel market is segmented by type and geography. The market is segmented by type into self-propelled jack-up vessels, normal jack-up vessels, and heavy lift vessels. The report also covers the size and forecasts for the offshore wind construction vessel market across major regions. Market sizing and forecasts were made for each segment based on revenue (USD).
| Type | Self-propelled Jack-up Vessel | ||
| Normal Jack-up Vessel | |||
| Heavy Lift Vessel | |||
| Geography [Market Size and Demand Forecast till 2029 (for regions only)] | North America | United States | |
| Canada | |||
| Rest of North America | |||
| Europe | Germany | ||
| France | |||
| United Kingdom | |||
| Italy | |||
| Spain | |||
| NORDIC | |||
| Russia | |||
| Turkey | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| India | |||
| Australia | |||
| Japan | |||
| South Korea | |||
| Malaysia | |||
| Thailand | |||
| Indonesia | |||
| Vietnam | |||
| Rest of Asia-Pacific | |||
| Middle East and Africa | Saudi Arabia | ||
| United Arab Emirates | |||
| Nigeria | |||
| Egypt | |||
| Qatar | |||
| South Africa | |||
| Rest of Middle East and Africa | |||
| South America | Brazil | ||
| Argentina | |||
| Colombia | |||
| Rest of South America | |||
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Offshore Wind Construction Vessel Market Research FAQs
How big is the Offshore Wind Construction Vessel Market?
The Offshore Wind Construction Vessel Market size is expected to reach USD 24.54 billion in 2025 and grow at a CAGR of 15.06% to reach USD 49.49 billion by 2030.
What is the current Offshore Wind Construction Vessel Market size?
In 2025, the Offshore Wind Construction Vessel Market size is expected to reach USD 24.54 billion.
Who are the key players in Offshore Wind Construction Vessel Market?
Lamprell Energy Ltd, Pella Sietas GmbH, Japan Marine United Corporation, Seafox and Nantong Rainbow Offshore & Engineering Equipments Co., Ltd are the major companies operating in the Offshore Wind Construction Vessel Market.
Which is the fastest growing region in Offshore Wind Construction Vessel Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Offshore Wind Construction Vessel Market?
In 2025, the Europe accounts for the largest market share in Offshore Wind Construction Vessel Market.
What years does this Offshore Wind Construction Vessel Market cover, and what was the market size in 2024?
In 2024, the Offshore Wind Construction Vessel Market size was estimated at USD 20.84 billion. The report covers the Offshore Wind Construction Vessel Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Offshore Wind Construction Vessel Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Offshore Wind Construction Vessel Industry Report
Statistics for the 2025 Offshore Wind Construction Vessel market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Offshore Wind Construction Vessel analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
