Offshore Wind Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Offshore Wind Energy Market Outlook & Companies. The Market is Segmented by Foundation Type (Fixed Foundation and Floating Foundation), Capacity (Less Than 5 MW and Greater Than or Equal to 5 MW), and Geography (North America, Asia-Pacific, Europe, South America, and Middle-East and Africa). The market size and installed capacity (GW) are forecasted for all the above segments.

Offshore Wind Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Offshore Wind Energy Market Size

Offshore Wind Energy Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 11.00 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration Medium

Major Players

Offshore Wind Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Offshore Wind Energy Market Analysis

The Offshore Wind Energy Market is expected to register a CAGR of greater than 11% during the forecast period.

  • Over the medium term, factors such as favorable government policies, the increasing investment in upcoming offshore wind power projects, and the reduced cost of wind energy, which has led to increased adoption of wind energy, are expected to drive the market during the forecast period.
  • On the other hand, the heavy and large equipment movement to the offshore location resulting in the high cost of the offshore wind power system is a major factor that is expected to restrain the market growth during the forecast period.
  • Nevertheless, the emerging markets in Africa and South America offer a robust business opportunity for the wind power sector, as countries, including Brazil, South Africa, and Chile, are on the cusp of development, and there is an increased demand for electricity, which is expected to provide market opportunities for wind power development in the coming years.
  • Europe is expected to have a significant share in the market during the forecast period, as different European countries are exploring the offshore wind energy segment.

Offshore Wind Energy Industry Overview

The offshore wind energy market is moderately fragmented. The major companies market (in no particular order) include Siemens Gamesa Renewable Energy SA, Vestas Wind Systems AS, Xinjiang Goldwind Science Technology Co. Ltd, Ørsted AS, and E.ON SE., among others.

Offshore Wind Energy Market Leaders

  1. Ørsted A/S

  2. Vestas Wind Systems A/S

  3. Siemens Gamesa Renewable Energy, S.A.,

  4. E.ON SE

  5. Xinjiang Goldwind Science Technology Co., Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Offshore Wind Energy Market Concentration
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Offshore Wind Energy Market News

  • In August 2022, an agreement was signed between Ping Petroleum and Cerulean Winds to work on a wind power solution for the floating production, storage, and offloading vessel (FPSO) reserved for the Avalon oil project in the UK North Sea. A large floating offshore wind turbine is likely to be connected, via a cable, to the cylindrical Sevan Hummingbird FPSO, which Ping acquired (in July 2022) from TeekayCorporation. The two companies aim to form a joint venture company with the necessary seabed lease rights to develop, deploy and operate the floating wind unit.
  • In April 2022, General Electric (GE) Company was building a facility in Bergen in collaboration with cement giant Holcim and Cobod, a firm specializing in 3D printing. This is expected to enable GE Company to 3D print the bottom portion of the wind turbine towers on-site at wind farms reducing transportation costs.

Offshore Wind Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Renewable Energy Mix, 2021
  • 4.3 Offshore Wind Power Installed Capacity and Forecast in GW, till 2028
  • 4.4 Major Installed Offshore Wind Farms Projects, till 2022
  • 4.5 Major Upcoming Offshore Upstream Projects
  • 4.6 Recent Trends and Developments
  • 4.7 Government Policies and Regulations
  • 4.8 Market Dynamics
    • 4.8.1 Drivers
    • 4.8.2 Restraints
  • 4.9 Supply Chain Analysis
  • 4.10 Porter's Five Forces Analysis
    • 4.10.1 Bargaining Power of Suppliers
    • 4.10.2 Bargaining Power of Consumers
    • 4.10.3 Threat of New Entrants
    • 4.10.4 Threat of Substitutes Products and Services
    • 4.10.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Foundation Type
    • 5.1.1 Fixed Foundation
    • 5.1.2 Floating Foundation
  • 5.2 Capacity
    • 5.2.1 Less Than 5 MW
    • 5.2.2 Greater Than or Equal to 5 MW
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.2 Asia-Pacific
    • 5.3.2.1 China
    • 5.3.2.2 India
    • 5.3.2.3 Japan
    • 5.3.2.4 South Korea
    • 5.3.2.5 Rest of Asia-Pacific
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Netherlands
    • 5.3.3.4 Spain
    • 5.3.3.5 Norway
    • 5.3.3.6 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 South Africa
    • 5.3.5.4 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Service Providers
    • 6.3.1.1 Siemens Gamesa Renewable Energy SA
    • 6.3.1.2 Vestas Wind Systems AS
    • 6.3.1.3 Xinjiang Goldwind Science Technology Co. Ltd
    • 6.3.1.4 General Electric Company
    • 6.3.1.5 Suzlon Energy Limited
    • 6.3.1.6 Nordex SE
    • 6.3.2 Operators
    • 6.3.2.1 Equinor ASA
    • 6.3.2.2 Northland Power Inc.
    • 6.3.2.3 Ørsted AS
    • 6.3.2.4 EDF SA
    • 6.3.2.5 E.ON SE
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Offshore Wind Energy Industry Segmentation

In offshore wind or offshore wind energy, wind power is produced by taking the force of the winds out at sea and converting it to electricity, which is then supplied to the distribution network on land.

The offshore wind energy market is segmented into foundation type, capacity, and geography. By foundation type, the market is segmented into fixed and floating foundations. By capacity, the market is segmented into less than 5 MW and greater than or equal to 5 MW. The report also covers the market size and forecasts for the offshore wind energy market across major regions, such as Asia-Pacific, North America, Europe, South America, the Middle East, and Africa. For each segment, the market sizing and forecasts have been done based on installed capacity (GW).

Foundation Type Fixed Foundation
Floating Foundation
Capacity Less Than 5 MW
Greater Than or Equal to 5 MW
Geography North America United States
Canada
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
Europe Germany
United Kingdom
Netherlands
Spain
Norway
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle-East and Africa
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Offshore Wind Energy Market Research FAQs

What is the current Offshore Wind Energy Market size?

The Offshore Wind Energy Market is projected to register a CAGR of greater than 11% during the forecast period (2025-2030)

Who are the key players in Offshore Wind Energy Market?

Ørsted A/S, Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy, S.A.,, E.ON SE and Xinjiang Goldwind Science Technology Co., Ltd. are the major companies operating in the Offshore Wind Energy Market.

Which is the fastest growing region in Offshore Wind Energy 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 Energy Market?

In 2025, the Europe accounts for the largest market share in Offshore Wind Energy Market.

What years does this Offshore Wind Energy Market cover?

The report covers the Offshore Wind Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Offshore Wind Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Offshore Wind Energy Industry Report

The offshore wind energy market is experiencing significant growth, driven by increasing global investments in renewable energy and supportive government policies. Segmented by components such as turbines, support structures, and electrical infrastructure, and by depth, the market sees notable growth in shallow and transitional waters. Europe remains a dominant player with its advanced technologies and substantial investments, while the Asia Pacific region is rapidly expanding its market share, fueled by rising electricity demands. Despite challenges like high capital costs and logistical complexities associated with offshore installations, the market is poised for robust expansion as nations aim to enhance their clean energy capacities and reduce carbon footprints. For a detailed analysis of offshore wind market share, size, and revenue growth rate, refer to Mordor Intelligence™ Industry Reports, which include a market forecast outlook and historical overview. Get a comprehensive analysis by downloading a free report PDF sample and explore data on offshore wind farm companies and market trends.

Offshore Wind Energy Market Report Snapshots