Summary

The offshore wind market is estimated to grow from USD 57.51 billion in 2026 to USD 208.33 billion by 2035, at a CAGR of 15.4% during the forecast period. The rapid expansion of renewable energy generation, growing energy security concerns, ambitious decarbonization targets, and increasing investments in offshore renewable infrastructure are significantly driving demand for offshore wind projects across global markets. As countries accelerate the transition toward low-carbon energy systems, offshore wind is becoming a critical source of large-scale renewable electricity generation due to its high capacity factors, abundant wind resources, and ability to support long-term energy sustainability goals. Offshore wind technologies are increasingly being deployed across utility-scale renewable energy projects, supported by advancements in turbine design, foundation engineering, offshore transmission systems, and digital asset management solutions. https://mnmimg.marketsandmarkets.com/Images/offshore-wind-market-img-overview1.webp Modern offshore wind farms are utilizing larger turbine platforms exceeding 15 MW, advanced monopile and jacket foundations, floating offshore wind technologies, and high-voltage direct current transmission systems to improve energy production efficiency and project economics. These projects require sophisticated engineering capabilities to optimize energy generation, reduce installation costs, and ensure reliable operation under demanding offshore environmental conditions. The growing adoption of next-generation technologies, including floating foundations, digital twins, AI-enabled predictive maintenance systems, autonomous inspection drones, and real-time asset performance analytics, accelerates the demand for advanced offshore wind solutions. Developers and utilities are increasingly focused on maximizing energy yield, reducing operational downtime, improving asset reliability, and extending project lifecycles through digitalization and intelligent asset management platforms. These innovations enable efficient monitoring of turbine performance, structural integrity, weather conditions, and maintenance requirements across offshore wind farms. “By component, the turbines segment is expected to be the largest type segment in the offshore wind market during the forecast period.” The turbines segment is expected to account for the largest share of the offshore wind market during the forecast period, primarily driven by the increasing deployment of high-capacity offshore wind turbines across utility-scale renewable energy projects. Offshore wind turbines represent the core power-generating component of offshore wind farms and account for a significant portion of total project capital expenditure. Developers and utilities are increasingly investing in advanced turbine platforms exceeding 10 MW and 15 MW to maximize energy production, improve capacity factors, and reduce the levelized cost of electricity. These turbines incorporate larger rotor diameters, advanced blade materials, direct-drive generator technologies, and intelligent control systems to optimize performance under varying offshore wind conditions. The growing adoption of next-generation turbine technologies is enabling developers to generate more electricity with fewer installations, thereby reducing foundation, cabling, installation, and maintenance costs. Offshore wind turbines support efficient energy conversion and play a critical role in maximizing project economics, operational reliability, and long-term asset performance. Continuous advancements in blade aerodynamics, drivetrain systems, power electronics, and digital monitoring platforms are further enhancing turbine efficiency and operational lifespan. The increasing development of large-scale offshore wind farms across Europe, Asia Pacific, and North America is significantly accelerating demand for advanced offshore turbines. Turbine manufacturers are increasingly integrating digital twins, AI-enabled predictive maintenance systems, condition monitoring technologies, and real-time asset analytics to improve energy yield, reduce downtime, and optimize maintenance strategies throughout the project lifecycle. “By turbine rating, the above 15 MW segment is projected to register the fastest growth in the offshore wind market during the forecast period.” The above 15 MW segment is expected to witness the fastest growth in the offshore wind market during the forecast period, driven by increasing demand for higher energy generation, improved project economics, and lower levelized cost of electricity. Offshore wind developers and utilities are increasingly adopting next-generation turbine platforms exceeding 15 MW to maximize energy output, reduce the number of turbines required per project, and optimize installation and maintenance costs. Leading turbine manufacturers are investing heavily in developing larger rotor diameters, advanced blade technologies, and high-capacity generators to deliver superior performance in offshore environments. Modern offshore wind projects increasingly rely on ultra-large turbines to improve capacity factors, enhance project profitability, and support large-scale renewable energy deployment. These turbines are designed to capture more wind energy, increase annual energy production, and reduce balance-of-plant costs associated with foundations, cabling, and installation. The deployment of turbines above 15 MW is particularly gaining momentum across Europe, China, Taiwan, South Korea, and emerging offshore wind markets where governments and developers are pursuing utility-scale projects with greater efficiency and lower lifecycle costs. Furthermore, expanding offshore wind project pipelines, increasing investments in offshore transmission infrastructure, supportive government auction programs, and ambitious decarbonization targets are driving the adoption of turbines above 15 MW globally. These next-generation turbine platforms enable developers to reduce project costs, accelerate renewable energy deployment, and improve overall project competitiveness. “By region, Europe is estimated to account for the second-largest market share during the forecast period.” Europe is expected to account for the second-largest share of the offshore wind market during the forecast period, driven by its mature offshore wind industry, ambitious decarbonization targets, supportive regulatory frameworks, and continuous investments in renewable energy infrastructure. Countries such as the UK, Germany, the Netherlands, Norway, Denmark, France, and Belgium have established themselves as global leaders in offshore wind deployment, supported by long-term energy transition strategies, competitive auction mechanisms, and favorable government policies. The region has a well-developed ecosystem of offshore wind developers, turbine manufacturers, foundation suppliers, transmission operators, engineering firms, and service providers that continuously invest in advanced offshore wind technologies to improve project efficiency, reliability, and energy generation. The increasing deployment of utility-scale offshore wind farms, next-generation turbine platforms exceeding 15 MW, and offshore transmission infrastructure is significantly accelerating market growth across Europe. Offshore wind technologies are widely used to support renewable electricity generation, energy security objectives, and carbon emissions reduction initiatives. Government programs such as the European Green Deal, REPowerEU, and national offshore wind expansion targets are further contributing to market growth across the region. Investments in floating offshore wind technologies, offshore substations, HVDC transmission systems, subsea cable networks, and port infrastructure modernization are creating substantial opportunities for market participants. In addition, the growing focus on green hydrogen production, offshore energy hubs, and cross-border electricity interconnections is increasing demand for large-scale offshore renewable energy projects. In-depth interviews have been conducted with key industry participants, subject-matter experts, C-level executives of leading market players, and industry consultants, among others, to obtain and verify critical qualitative and quantitative information and to assess future market prospects. The distribution of primary interviews is as follows: By Company Type: Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25% By Designation: C-level Executives - 35%, Directors - 25%, and Others - 40% By Region: Asia Pacific - 51%, Europe - 39%, and North America - 10% Notes: The tiers of the companies are defined based on their total revenues as of 2025. Tier 1: > USD 1 billion, Tier 2: USD 500 million to USD 1 billion, and Tier 3: < USD 500 million. Other designations include sales managers, engineers, and regional managers. Siemens Energy (Germany), Mingyang Smart Energy Group Co., Ltd (China), Vestas (Denmark), Goldwind (China), and Envision Group (China) are some of the major players in the offshore wind market. The study includes an in-depth competitive analysis of these key players, including their company profiles, recent developments, and key market strategies. Research Coverage: The report defines, describes, and forecasts the global offshore wind market by component, turbine rating, water depth, foundation type, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the offshore wind market. Key Benefits of Buying the Report • It provides an analysis of key drivers (Increasing offshore wind capacity additions and renewable energy investments, Growing electricity demand and decarbonization initiatives), restraints (High capital expenditure and project development costs), opportunities (Emergence of floating offshore wind technology, Expansion of offshore wind projects in emerging markets), challenges (Environmental and marine ecosystem concerns associated with offshore project development) influencing the growth of the offshore wind market. • Market Development: Comprehensive information about lucrative markets – the report analyzes the offshore wind market across varied regions. • Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and product launches in the offshore wind market. • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Goldwind (China), Envision Group (China), Ocean Winds (Canada), Ming Yang Smart Energy Group Co., Ltd. (China), Vestas (Denmark), Siemens Energy (Germany), Prysmian (Italy), GE Vernova (US), Nexans (France), Sif Group (Netherlands), EEW Group (Germany), Schneider Electric (France), Dongfang Electric Wind Power Co., Ltd. (China), Doosan (South Korea), Hitachi Energy (Switzerland), Ørsted (Denmark), Northland Power Inc. (Canada), CRRC Shandong Power Co., Ltd. (China), Principle Power (US), Shanghai Electric Wind Power Group (China), SSE Renewables (UK), EDF (France), Aker Solutions (Norway), Vattenfall (Sweden), Equinor ASA (Norway) among others, in the offshore wind market. • Product Innovation/Development: Product innovation and technological advancement are playing a major role in accelerating the growth of the offshore wind market, particularly with the increasing demand for higher-capacity turbines, improved energy generation efficiency, and reduced levelized cost of electricity. Industry participants are continuously introducing next-generation offshore wind technologies, including turbines exceeding 15 MW, advanced composite blade materials, larger rotor diameters, and enhanced drivetrain systems to maximize power output and improve project economics. The growing adoption of floating offshore wind technologies is further driving the development of innovative foundation solutions such as semi-submersible platforms, spar-buoy structures, and tension-leg platforms that enable wind farm deployment in deep-water environments where fixed-bottom foundations are not feasible. Advanced offshore wind projects are increasingly integrating digital twin platforms, AI-enabled predictive maintenance systems, condition monitoring sensors, and real-time performance analytics to improve asset reliability, optimize operational efficiency, and reduce maintenance costs throughout the project lifecycle. These solutions are finding widespread applications across utility-scale offshore wind farms, hybrid renewable energy projects, offshore energy hubs, and green hydrogen production facilities, where maximizing energy yield and minimizing downtime are critical.

ページTOPに戻る

Table of Contents

1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 25
1.3 STUDY SCOPE 25
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 25
1.3.2 INCLUSIONS AND EXCLUSIONS 26
1.3.3 YEARS CONSIDERED 29
1.4 CURRENCY CONSIDERED 29
1.5 LIMITATIONS 30
1.6 STAKEHOLDERS 30
1.7 SUMMARY OF CHANGES 30
2 EXECUTIVE SUMMARY 32
2.1 MARKET HIGHLIGHTS AND KEY INSIGHTS 32
2.2 KEY MARKET PARTICIPANTS: MAPPING OF STRATEGIC DEVELOPMENTS 33
2.3 DISRUPTIVE TRENDS IN OFFSHORE WIND MARKET 34
2.4 HIGH GROWTH SEGMENTS 35
2.5 REGIONAL SNAPSHOT: MARKET SIZE, GROWTH RATE, AND FORECAST 36
3 PREMIUM INSIGHTS 38
3.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN OFFSHORE WIND MARKET 38
3.2 OFFSHORE WIND MARKET, BY COMPONENT AND REGION 39
3.3 OFFSHORE WIND MARKET, BY TURBINE RATING 39
3.4 OFFSHORE WIND MARKET, BY COMPONENT 40
3.5 OFFSHORE WIND MARKET, BY FOUNDATION TYPE 40
3.6 OFFSHORE WIND MARKET, BY WATER DEPTH 41
3.7 OFFSHORE WIND MARKET, BY COUNTRY 41
4 MARKET OVERVIEW 42
4.1 INTRODUCTION 42
4.2 MARKET DYNAMICS 42
4.2.1 DRIVERS 43
4.2.1.1 Increasing implementation of renewable energy policies to
support decarbonization 43
4.2.1.2 Growing electricity demand amid rapid urbanization and
industrial expansion 44
4.2.2 RESTRAINTS 44
4.2.2.1 High capital expenditure and project development costs 44
4.2.3 OPPORTUNITIES 45
4.2.3.1 Emergence of floating offshore wind technology 45
4.2.3.2 High emphasis on diversifying energy sources and strengthening energy security 45
4.2.4 CHALLENGES 46
4.2.4.1 Environmental and marine ecosystem concerns in offshore project development 46
4.3 UNMET NEEDS AND WHITE SPACES 47
4.4 INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES 48
4.5 STRATEGIC MOVES BY TIER-1/2/3 PLAYERS 49
5 INDUSTRY TRENDS 50
5.1 PORTER’S FIVE FORCES ANALYSIS 50
5.1.1 THREAT OF NEW ENTRANTS 51
5.1.2 THREAT OF SUBSTITUTES 51
5.1.3 BARGAINING POWER OF SUPPLIERS 51
5.1.4 BARGAINING POWER OF BUYERS 51
5.1.5 INTENSITY OF COMPETITIVE RIVALRY 51
5.2 MACROECONOMIC OUTLOOK 52
5.2.1 INTRODUCTION 52
5.2.2 GDP TRENDS AND FORECAST 52
5.2.3 TRENDS IN GLOBAL RENEWABLE ENERGY INDUSTRY 54
5.2.4 TRENDS IN GLOBAL ELECTRICAL EQUIPMENT INDUSTRY 54
5.3 VALUE CHAIN ANALYSIS 55
5.4 ECOSYSTEM ANALYSIS 56
5.5 PRICING ANALYSIS 58
5.5.1 AVERAGE CAPITAL EXPENDITURE OF OFFSHORE WIND
COMPONENTS, BY TYPE, 2025 58
5.6 TRADE ANALYSIS 58
5.6.1 IMPORT SCENARIO (HS CODE 850231) 58
5.6.2 EXPORT SCENARIO (HS CODE 850231) 60
5.7 KEY CONFERENCES AND EVENTS, 2026–2027 61
5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 61
5.9 INVESTMENT AND FUNDING SCENARIO 62
5.10 CASE STUDY ANALYSIS 63
5.10.1 ØRSTED AND SIEMENS GAMESA DEPLOY HORNSEA 2 USING HIGH-CAPACITY TURBINES TO IMPROVE RENEWABLE ENERGY GENERATION 63
5.10.2 EQUINOR DEPLOYS HYWIND SCOTLAND TO COMMERCIALIZE
FLOATING OFFSHORE WIND 64
5.10.3 DOGGER BANK OFFSHORE WIND FARM UTILIZES GE VERNOVA'S HALIADE-X TURBINES TO GENERATE LARGE-SCALE CLEAN ENERGY 64
5.11 IMPACT OF US TARIFFS – OFFSHORE WIND MARKET 64
5.11.1 INTRODUCTION 64
5.11.2 KEY TARIFF RATES 65
5.11.3 PRICE IMPACT ANALYSIS 66
5.11.4 IMPACT ON COUNTRIES/REGIONS 66
5.11.4.1 US 66
5.11.4.2 Europe 67
5.11.4.3 Asia Pacific 67
5.12 IMPACT ON COMPONENTS 68
5.13 IMPACT OF ONGOING GEOPOLITICAL DEVELOPMENTS ON MIDDLE EAST
OFFSHORE WIND MARKET 68
6 TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS 69
6.1 KEY TECHNOLOGIES 69
6.1.1 LARGE-CAPACITY OFFSHORE WIND TURBINES 69
6.1.2 FLOATING OFFSHORE WIND TECHNOLOGY 69
6.2 COMPLEMENTARY TECHNOLOGIES 70
6.2.1 ADVANCED CONDITION MONITORING SYSTEMS 70
6.3 TECHNOLOGY/PRODUCT ROADMAP 70
6.3.1 SHORT-TERM (2025–2027) | FOUNDATION & EARLY COMMERCIALIZATION 70
6.3.2 MID-TERM (2027–2030) | EXPANSION & STANDARDIZATION 71
6.3.3 LONG-TERM (2030+) | MASS COMMERCIALIZATION & DISRUPTION 72
6.4 PATENT ANALYSIS 72
6.5 FUTURE APPLICATIONS 74
6.6 IMPACT OF AI/GEN AI ON OFFSHORE WIND MARKET 76
6.6.1 TOP USE CASES AND MARKET POTENTIAL 76
6.6.2 BEST PRACTICES FOLLOWED BY OEMS IN OFFSHORE WIND MARKET 77
6.6.3 CASE STUDIES RELATED TO AI/GEN AI IMPLEMENTATION IN OFFSHORE
WIND MARKET 77
6.6.4 INTERCONNECTED ECOSYSTEM AND IMPACT ON MARKET PLAYERS 77
6.6.5 CLIENTS’ READINESS TO ADOPT AI/GEN AI-INTEGRATED OFFSHORE
WIND SOLUTIONS 78
6.7 SUCCESS STORIES AND REAL-WORLD APPLICATIONS 78
6.7.1 SIEMENS GAMESA: AI-ENABLED DIGITAL TWIN FOR OFFSHORE TURBINES 78
6.7.2 GE VERNOVA: AI-BASED ASSET PERFORMANCE MANAGEMENT 78
6.7.3 VESTAS: AI-DRIVEN OFFSHORE WIND FARM OPTIMIZATION 78
7 REGULATORY LANDSCAPE AND SUSTAINABILITY INITIATIVES 79
7.1 REGIONAL REGULATIONS AND COMPLIANCE 79
7.1.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
7.1.2 INDUSTRY STANDARDS 81
7.2 SUSTAINABILITY INITIATIVES 81
7.2.1 CARBON IMPACT AND ECO-APPLICATIONS OF OFFSHORE WIND SOLUTIONS 81
7.3 IMPACT OF REGULATORY POLICIES ON SUSTAINABILITY INITIATIVES 82
7.4 CERTIFICATIONS, LABELING, AND ECO-STANDARDS 83
8 CUSTOMER LANDSCAPE AND BUYER BEHAVIOR 84
8.1 DECISION-MAKING PROCESS 84
8.2 KEY STAKEHOLDERS INVOLVED IN BUYING PROCESS AND THEIR EVALUATION CRITERIA 85
8.2.1 KEY STAKEHOLDERS IN BUYING PROCESS 86
8.2.2 BUYING CRITERIA 86
8.3 ADOPTION BARRIERS AND INTERNAL CHALLENGES 87
8.4 MARKET PROFITABILITY 88
8.4.1 REVENUE POTENTIAL 89
8.4.2 COST DYNAMICS 89
9 OFFSHORE WIND MARKET, BY COMPONENT 90
9.1 INTRODUCTION 91
9.2 TURBINES 92
9.3 SUBSTRUCTURES 93
9.4 ELECTRICAL INFRASTRUCTURE 94
10 OFFSHORE WIND MARKET, BY WATER DEPTH 96
10.1 INTRODUCTION 97
10.2 SHALLOW WATER 98
10.2.1 FAVORABLE SEABED CONDITIONS AND RELATIVELY LOWER ENGINEERING COMPLEXITY TO ACCELERATE SEGMENTAL GROWTH 98
10.3 TRANSITIONAL WATER 99
10.3.1 EMPHASIS ON MAXIMIZING ENERGY OUTPUT AND IMPROVING PROJECT ECONOMICS TO BOLSTER SEGMENTAL GROWTH 99
10.4 DEEP WATER 100
10.4.1 HIGH ENERGY GENERATION POTENTIAL AND IMPROVED CAPACITY TO FACILITATE SEGMENTAL GROWTH 100
11 OFFSHORE WIND MARKET, BY FOUNDATION TYPE 102
11.1 INTRODUCTION 103
11.2 FIXED 104
11.2.1 PROVEN RELIABILITY, TECHNOLOGICAL MATURITY, AND WIDESPREAD COMMERCIAL ADOPTION TO FOSTER SEGMENTAL GROWTH 104
11.3 FLOATING 105
11.3.1 INVESTMENTS IN DEEP-WATER OFFSHORE WIND PROJECTS TO CONTRIBUTE TO SEGMENTAL GROWTH 105
12 OFFSHORE WIND MARKET, BY TURBINE RATING 107
12.1 INTRODUCTION 108
12.2 BELOW 5 MW 109
12.2.1 CONTINUED OPERATION OF LEGACY OFFSHORE WIND FARMS TO SUPPORT SEGMENTAL GROWTH 109
 
12.3 5–10 MW 110
12.3.1 MATURE SUPPLY CHAINS, STANDARDIZED INSTALLATION PRACTICES, AND EXTENSIVE OPERATIONAL EXPERTISE TO FUEL SEGMENTAL GROWTH 110
12.4 11–15 MW 111
12.4.1 ABILITY TO MAXIMIZE ENERGY GENERATION AND REDUCE TURBINE REQUIREMENTS TO BOLSTER SEGMENTAL GROWTH 111
12.5 ABOVE 15 MW 112
12.5.1 INCORPORATION OF CUTTING-EDGE TECHNOLOGIES TO AUGMENT SEGMENTAL GROWTH 112
13 OFFSHORE WIND MARKET, BY REGION 114
13.1 INTRODUCTION 115
13.2 ASIA PACIFIC 116
13.2.1 CHINA 120
13.2.1.1 Substantial investments in transmission infrastructure and renewable energy targets to fuel market growth 120
13.2.2 TAIWAN 121
13.2.2.1 High commitment to energy diversification and favorable offshore wind resource to expedite market growth 121
13.2.3 JAPAN 123
13.2.3.1 Ambitious carbon neutrality goals and growing electricity demand to bolster market growth 123
13.2.4 SOUTH KOREA 124
13.2.4.1 Government support for renewable energy deployment to accelerate market growth 124
13.2.5 REST OF ASIA PACIFIC 126
13.3 EUROPE 128
13.3.1 GERMANY 132
13.3.1.1 Increasing investment in domestic manufacturing and port infrastructure to boost market growth 132
13.3.2 UK 133
13.3.2.1 Strong policy framework and abundant wind resources to contribute to market growth 133
13.3.3 DENMARK 135
13.3.3.1 Government-led initiatives to achieve carbon neutrality to support market growth 135
13.3.4 FRANCE 136
13.3.4.1 Accelerating renewable energy deployment and investment in floating wind projects to bolster market growth 136
13.3.5 POLAND 138
13.3.5.1 Rising emphasis on energy diversification, decarbonization, and reduced dependence on fossil fuels to drive market 138
13.3.6 NETHERLANDS 139
13.3.6.1 Ambitious climate and energy transition objectives to expedite market growth 139
13.3.7 REST OF EUROPE 141
13.4 NORTH AMERICA 143
13.4.1 US 146
13.4.1.1 Increasing investment in clean energy infrastructure and favorable federal policies to expedite market growth 146
14 COMPETITIVE LANDSCAPE 148
14.1 OVERVIEW 148
14.2 KEY PLAYER COMPETITIVE STRATEGIES/ RIGHT TO WIN, 2021–2026 148
14.3 MARKET SHARE ANALYSIS, 2025 149
14.4 REVENUE ANALYSIS, 2021–2025 152
14.5 PRODUCT COMPARISON 153
14.5.1 SIEMENS ENERGY (GERMANY) 153
14.5.2 MING YANG SMART ENERGY GROUP CO., LTD. (CHINA) 153
14.5.3 VESTAS (DENMARK) 154
14.5.4 GOLDWIND (CHINA) 154
14.5.5 ENVISION GROUP (CHINA) 154
14.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2025 154
14.6.1 STARS 154
14.6.2 EMERGING LEADERS 154
14.6.3 PERVASIVE PLAYERS 155
14.6.4 PARTICIPANTS 155
14.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2025 156
14.6.5.1 Company footprint 156
14.6.5.2 Region footprint 157
14.6.5.3 Component footprint 158
14.6.5.4 Water depth footprint 159
14.6.5.5 Turbine rating footprint 160
14.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2025 161
14.7.1 PROGRESSIVE COMPANIES 161
14.7.2 RESPONSIVE COMPANIES 161
14.7.3 DYNAMIC COMPANIES 161
14.7.4 STARTING BLOCKS 161
14.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2025 163
14.7.5.1 Detailed list of key startups/SMEs 163
14.7.5.2 Competitive benchmarking of key startups/SMEs 163
14.8 COMPANY VALUATION AND FINANCIAL METRICS 164
14.9 COMPETITIVE SCENARIO 165
14.9.1 PRODUCT LAUNCHES 165
14.9.2 DEALS 167
14.9.3 EXPANSIONS 173
14.9.4 OTHER DEVELOPMENTS 175
 
15 COMPANY PROFILES 178
15.1 KEY PLAYERS 178
15.1.1 SIEMENS ENERGY 178
15.1.1.1 Business overview 178
15.1.1.2 Products/Solutions/Services offered 179
15.1.1.3 Recent developments 180
15.1.1.3.1 Deals 180
15.1.1.3.2 Other developments 182
15.1.1.4 MnM view 182
15.1.1.4.1 Key strengths/Right to win 182
15.1.1.4.2 Strategic choices 182
15.1.1.4.3 Weaknesses/Competitive threats 182
15.1.2 MING YANG SMART ENERGY GROUP CO., LTD. 183
15.1.2.1 Business overview 183
15.1.2.2 Products/Solutions/Services offered 184
15.1.2.3 Recent developments 186
15.1.2.3.1 Product launches 186
15.1.2.3.2 Deals 187
15.1.2.3.3 Expansions 187
15.1.2.4 MnM view 188
15.1.2.4.1 Key strengths/Right to win 188
15.1.2.4.2 Strategic choices 188
15.1.2.4.3 Weaknesses/Competitive threats 188
15.1.3 VESTAS 189
15.1.3.1 Business overview 189
15.1.3.2 Products/Solutions/Services offered 190
15.1.3.3 Recent developments 191
15.1.3.3.1 Deals 191
15.1.3.3.2 Other developments 191
15.1.3.4 MnM view 192
15.1.3.4.1 Key strengths/Right to win 192
15.1.3.4.2 Strategic choices 192
15.1.3.4.3 Weaknesses/Competitive threats 193
15.1.4 GOLDWIND 194
15.1.4.1 Business overview 194
15.1.4.2 Products/Solutions/Services offered 195
15.1.4.3 Recent developments 196
15.1.4.3.1 Product launches 196
15.1.4.3.2 Deals 196
15.1.4.3.3 Expansions 197
15.1.4.4 MnM view 197
15.1.4.4.1 Key strengths/Right to win 197
15.1.4.4.2 Strategic choices 197
15.1.4.4.3 Weaknesses/Competitive threats 198
15.1.5 ENVISION GROUP 199
15.1.5.1 Business overview 199
15.1.5.2 Products/Solutions/Services offered 200
15.1.5.3 Recent developments 200
15.1.5.3.1 Product launches 200
15.1.5.3.2 Deals 200
15.1.5.3.3 Expansions 201
15.1.5.3.4 Other developments 201
15.1.5.4 MnM view 202
15.1.5.4.1 Key strengths/Right to win 202
15.1.5.4.2 Strategic choices 202
15.1.5.4.3 Weaknesses/Competitive threats 202
15.1.6 PRYSMIAN 203
15.1.6.1 Business overview 203
15.1.6.2 Products/Solutions/Services offered 204
15.1.7 GE VERNOVA 206
15.1.7.1 Business overview 206
15.1.7.2 Products/Solutions/Services offered 207
15.1.7.3 Recent developments 208
15.1.7.3.1 Deals 208
15.1.7.3.2 Expansions 208
15.1.8 NEXANS 209
15.1.8.1 Business overview 209
15.1.8.2 Products/Solutions/Services offered 211
15.1.9 SIF GROUP 212
15.1.9.1 Business overview 212
15.1.9.2 Products/Solutions/Services offered 213
15.1.9.3 Recent developments 214
15.1.9.3.1 Product launches 214
15.1.9.3.2 Expansions 214
15.1.9.3.3 Other developments 215
15.1.10 SCHNEIDER ELECTRIC 216
15.1.10.1 Business overview 216
15.1.10.2 Products/Solutions/Services offered 218
15.1.11 DONGFANG ELECTRIC WIND POWER CO., LTD. 219
15.1.11.1 Business overview 219
15.1.11.2 Products/Solutions/Services offered 220
15.1.11.3 Recent developments 222
15.1.11.3.1 Product launches 222
15.1.11.3.2 Expansions 223
15.1.12 DOOSAN CORPORATION 224
15.1.12.1 Business overview 224
15.1.12.2 Products/Solutions/Services offered 226
15.1.12.3 Recent developments 227
15.1.12.3.1 Deals 227
15.1.13 HITACHI ENERGY LTD 228
15.1.13.1 Business overview 228
15.1.13.2 Products/Solutions/Services offered 229
15.1.13.3 Recent developments 230
15.1.13.3.1 Deals 230
15.1.13.3.2 Other developments 231
15.1.14 ØRSTED 232
15.1.14.1 Business overview 232
15.1.14.2 Products/Solutions/Services offered 233
15.1.14.3 Recent developments 235
15.1.14.3.1 Deals 235
15.1.15 NORTHLAND POWER INC. 236
15.1.15.1 Business overview 236
15.1.15.2 Products/Solutions/Services offered 237
15.1.15.3 Recent developments 238
15.1.15.3.1 Developments 238
15.1.16 SHANGHAI SMEC ENTERPRISE CO., LTD. 239
15.1.16.1 Business overview 239
15.1.16.2 Products/Solutions/Services offered 240
15.1.17 AKER SOLUTIONS 241
15.1.17.1 Business overview 241
15.1.17.2 Products/Solutions/Services offered 242
15.1.17.3 Recent developments 243
15.1.17.3.1 Product launches 243
15.1.17.3.2 Other developments 243
15.1.18 EQUINOR ASA 244
15.1.18.1 Business overview 244
15.1.18.2 Products/Solutions/Services offered 245
15.1.18.3 Recent developments 246
15.1.18.3.1 Deals 246
15.1.19 OCEANWINDS 247
15.1.19.1 Business overview 247
15.1.19.2 Products/Solutions/Services offered 248
15.1.19.3 Recent developments 248
15.1.19.3.1 Deals 248
15.1.19.3.2 Other developments 249
 
15.2 OTHER PLAYERS 250
15.2.1 EEW GROUP 250
15.2.2 CRRC SHANDONG WIND POWER CO., LTD. 251
15.2.3 PRINCIPLE POWER 252
15.2.4 SSE PLC 253
15.2.5 EDF 254
15.2.6 VATTENFALL 255
16 RESEARCH METHODOLOGY 256
16.1 RESEARCH DATA 256
16.2 SECONDARY AND PRIMARY RESEARCH 257
16.2.1 SECONDARY DATA 257
16.2.1.1 List of key secondary sources 257
16.2.1.2 Key data from secondary sources 257
16.2.2 PRIMARY DATA 258
16.2.2.1 List of primary interview participants 258
16.2.2.2 Key industry insights 258
16.2.2.3 Breakdown of primaries 259
16.2.2.4 Key data from primary sources 259
16.3 MARKET SIZE ESTIMATION 260
16.3.1 BOTTOM-UP APPROACH 260
16.3.2 TOP-DOWN APPROACH 261
16.4 MARKET FORECAST APPROACH 262
16.4.1 DEMAND SIDE 262
16.4.1.1 Demand-side assumptions 262
16.4.1.2 Demand-side calculations 263
16.4.2 SUPPLY SIDE 263
16.4.2.1 Supply-side assumptions 264
16.4.2.2 Supply-side calculations 264
16.5 FORECAST 265
16.6 DATA TRIANGULATION 266
16.7 RESEARCH LIMITATIONS 267
16.8 RISK ANALYSIS 267
17 APPENDIX 268
17.1 DISCUSSION GUIDE 268
17.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 271
17.3 CUSTOMIZATION OPTIONS 273
17.4 RELATED REPORTS 273
17.5 AUTHOR DETAILS 274

ページTOPに戻る

List of Tables/Graphs

TABLE 1 OFFSHORE WIND MARKET: INCLUSIONS AND EXCLUSIONS 26
TABLE 2 OFFSHORE WIND MARKET: SUMMARY OF CHANGES 30
TABLE 3 INTERCONNECTED MARKETS 48
TABLE 4 STRATEGIC FOCUS OF TIER-1/2/3 PLAYERS 49
TABLE 5 IMPACT OF PORTER’S FIVE FORCES 50
TABLE 6 GDP PERCENTAGE CHANGE, BY KEY COUNTRY, 2021–2029 52
TABLE 7 ROLES OF COMPANIES IN OFFSHORE WIND ECOSYSTEM 57
TABLE 8 AVERAGE CAPEX OF OFFSHORE WIND COMPONENTS, BY TYPE,
2025 (USD MILLION/MW) 58
TABLE 9 IMPORT DATA FOR HS CODE 850231-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2025 (USD THOUSAND) 59
TABLE 10 EXPORT DATA FOR HS CODE 850231-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2025 (USD THOUSAND) 60
TABLE 11 LIST OF KEY CONFERENCES AND EVENTS, 2026–2027 61
TABLE 12 ØRSTED AND SIEMENS GAMESA DEPLOY HORNSEA 2 TO IMPROVE
OFFSHORE WIND GENERATION EFFICIENCY 63
TABLE 13 EQUINOR DEVELOPS HYWIND SCOTLAND TO COMMERCIALIZE FLOATING OFFSHORE WIND 64
TABLE 14 DOGGER BANK OFFSHORE WIND FARM DEPLOYS GE VERNOVA'S
HALIADE-X TURBINES TO MAXIMIZE ENERGY OUTPUT 64
TABLE 15 US-ADJUSTED RECIPROCAL TARIFF RATES 65
TABLE 16 EXPECTED CHANGE IN PRICES AND IMPACT ON OFFSHORE WIND
COMPONENTS DUE TO TARIFFS 66
TABLE 17 LIST OF PATENTS, 2021–2025 73
TABLE 18 GREEN HYDROGEN PRODUCTION: OFFSHORE WIND-POWERED ELECTROLYSIS 74
TABLE 19 OFFSHORE ENERGY ISLAND & HYBRID RENEWABLE HUBS 75
TABLE 20 OFFSHORE WIND POWER FOR DATA CENTERS & AI INFRASTRUCTURE 75
TABLE 21 GREEN MARITIME FUEL PRODUCTION 75
TABLE 22 SMART OFFSHORE GRIDS & CROSS-BORDER HVDC NETWORKS 76
TABLE 23 TOP USE CASES AND OFFSHORE WIND MARKET POTENTIAL 76
TABLE 24 BEST PRACTICES: USE CASES OF OFFSHORE WIND SYSTEMS, BY COMPANY 77
TABLE 25 CASE STUDIES RELATED TO AI/GEN AI IMPLEMENTATION 77
TABLE 26 INTERCONNECTED ECOSYSTEM AND IMPACT ON OFFSHORE WIND
MARKET PLAYERS 77
TABLE 27 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 79
TABLE 28 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND
OTHER ORGANIZATIONS 79
TABLE 29 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 80
TABLE 30 GLOBAL INDUSTRY STANDARDS 81
TABLE 31 LABELING AND ECO-STANDARDS 83
TABLE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY COMPONENT (%) 86
TABLE 33 KEY BUYING CRITERIA FOR COMPONENT SEGMENTS 87
TABLE 34 OFFSHORE WIND MARKET, BY COMPONENT, 2023–2025 (USD BILLION) 92
TABLE 35 OFFSHORE WIND MARKET, BY COMPONENT, 2026–2035 (USD BILLION) 92
TABLE 36 TURBINES: OFFSHORE WIND MARKET, BY REGION, 2023–2025 (USD BILLION) 93
TABLE 37 TURBINES: OFFSHORE WIND MARKET, BY REGION, 2026–2035 (USD BILLION) 93
TABLE 38 SUBSTRUCTURES: OFFSHORE WIND MARKET, BY REGION,
2023–2025 (USD BILLION) 94
TABLE 39 SUBSTRUCTURES: OFFSHORE WIND MARKET, BY REGION,
2026–2035 (USD BILLION) 94
TABLE 40 ELECTRICAL INFRASTRUCTURE: OFFSHORE WIND MARKET, BY REGION,
2023–2025 (USD BILLION) 95
TABLE 41 ELECTRICAL INFRASTRUCTURE: OFFSHORE WIND MARKET, BY REGION,
2026–2035 (USD BILLION) 95
TABLE 42 OFFSHORE WIND MARKET, BY WATER DEPTH, 2023–2025 (USD BILLION) 98
TABLE 43 OFFSHORE WIND MARKET, BY WATER DEPTH, 2026–2035 (USD BILLION) 98
TABLE 44 SHALLOW WATER: OFFSHORE WIND MARKET, BY REGION,
2023–2025 (USD BILLION) 99
TABLE 45 SHALLOW WATER: OFFSHORE WIND MARKET, BY REGION,
2026–2035 (USD BILLION) 99
TABLE 46 TRANSITIONAL WATER: OFFSHORE WIND MARKET, BY REGION,
2023–2025 (USD BILLION) 100
TABLE 47 TRANSITIONAL WATER: OFFSHORE WIND MARKET, BY REGION,
2026–2035 (USD BILLION) 100
TABLE 48 DEEP WATER: OFFSHORE WIND MARKET, BY REGION, 2023–2025 (USD BILLION) 101
TABLE 49 DEEP WATER: OFFSHORE WIND MARKET, BY REGION, 2026–2035 (USD BILLION) 101
TABLE 50 OFFSHORE WIND MARKET, BY FOUNDATION TYPE, 2023–2025 (USD BILLION) 103
TABLE 51 OFFSHORE WIND MARKET, BY FOUNDATION TYPE, 2026–2035 (USD BILLION) 104
TABLE 52 FIXED: OFFSHORE WIND MARKET, BY REGION, 2023–2025 (USD BILLION) 104
TABLE 53 FIXED: OFFSHORE WIND MARKET, BY REGION, 2026–2035 (USD BILLION) 105
TABLE 54 FLOATING: OFFSHORE WIND MARKET, BY REGION, 2023–2025 (USD BILLION) 105
TABLE 55 FLOATING: OFFSHORE WIND MARKET, BY REGION, 2026–2035 (USD BILLION) 106
TABLE 56 OFFSHORE WIND MARKET, BY TURBINE RATING, 2023–2025 (USD BILLION) 108
TABLE 57 OFFSHORE WIND MARKET, BY TURBINE RATING, 2026–2035 (USD BILLION) 109
TABLE 58 BELOW 5 MW: OFFSHORE WIND MARKET, BY REGION, 2023–2025 (USD BILLION) 109
TABLE 59 BELOW 5 MW: OFFSHORE WIND MARKET, BY REGION, 2026–2035 (USD BILLION) 110
TABLE 60 5–10 MW: OFFSHORE WIND MARKET, BY REGION, 2023–2025 (USD BILLION) 110
TABLE 61 5–10 MW: OFFSHORE WIND MARKET, BY REGION, 2026–2035 (USD BILLION) 111
TABLE 62 11–15 MW: OFFSHORE WIND MARKET, BY REGION, 2023–2025 (USD BILLION) 111
TABLE 63 11–15 MW: OFFSHORE WIND MARKET, BY REGION, 2026–2035 (USD BILLION) 112
TABLE 64 ABOVE 15 MW: OFFSHORE WIND MARKET, BY REGION,
2023–2025 (USD BILLION) 112
TABLE 65 ABOVE 15 MW: OFFSHORE WIND MARKET, BY REGION,
2026–2035 (USD BILLION) 113
TABLE 66 OFFSHORE WIND MARKET, BY REGION, 2023–2025 (USD BILLION) 116
TABLE 67 OFFSHORE WIND MARKET, BY REGION, 2026–2035 (USD BILLION) 116
TABLE 68 ASIA PACIFIC: OFFSHORE WIND MARKET, BY COMPONENT,
2023–2025 (USD BILLION) 117
TABLE 69 ASIA PACIFIC: OFFSHORE WIND MARKET, BY COMPONENT,
2026–2035 (USD BILLION) 117
TABLE 70 ASIA PACIFIC: OFFSHORE WIND MARKET, BY TURBINE RATING,
2023–2025 (USD BILLION) 118
TABLE 71 ASIA PACIFIC: OFFSHORE WIND MARKET, BY TURBINE RATING,
2026–2035 (USD BILLION) 118
TABLE 72 ASIA PACIFIC: OFFSHORE WIND MARKET, BY FOUNDATION TYPE,
2023–2025 (USD BILLION) 118
TABLE 73 ASIA PACIFIC: OFFSHORE WIND MARKET, BY FOUNDATION TYPE,
2026–2035 (USD BILLION) 118
TABLE 74 ASIA PACIFIC: OFFSHORE WIND MARKET, BY WATER DEPTH,
2023–2025 (USD BILLION) 119
TABLE 75 ASIA PACIFIC: OFFSHORE WIND MARKET, BY WATER DEPTH,
2026–2035 (USD BILLION) 119
TABLE 76 ASIA PACIFIC: OFFSHORE WIND MARKET, BY COUNTRY, 2023–2025 (USD BILLION) 119
TABLE 77 ASIA PACIFIC: OFFSHORE WIND MARKET, BY COUNTRY, 2026–2035 (USD BILLION) 120
TABLE 78 CHINA: OFFSHORE WIND MARKET, BY COMPONENT, 2023–2025 (USD BILLION) 120
TABLE 79 CHINA: OFFSHORE WIND MARKET, BY COMPONENT, 2026–2035 (USD BILLION) 121
TABLE 80 CHINA: OFFSHORE WIND MARKET, BY TURBINE RATING,
2023–2025 (USD BILLION) 121
TABLE 81 CHINA: OFFSHORE WIND MARKET, BY TURBINE RATING,
2026–2035 (USD BILLION) 121
TABLE 82 TAIWAN: OFFSHORE WIND MARKET, BY COMPONENT, 2023–2025 (USD BILLION) 122
TABLE 83 TAIWAN: OFFSHORE WIND MARKET, BY COMPONENT, 2026–2035 (USD BILLION) 122
TABLE 84 TAIWAN: OFFSHORE WIND MARKET, BY TURBINE RATING,
2023–2025 (USD BILLION) 122
TABLE 85 TAIWAN: OFFSHORE WIND MARKET, BY TURBINE RATING,
2026–2035 (USD BILLION) 123
TABLE 86 JAPAN: OFFSHORE WIND MARKET, BY COMPONENT, 2023–2025 (USD BILLION) 123
TABLE 87 JAPAN: OFFSHORE WIND MARKET, BY COMPONENT, 2026–2035 (USD BILLION) 124
TABLE 88 JAPAN: OFFSHORE WIND MARKET, BY TURBINE RATING,
2023–2025 (USD BILLION) 124
TABLE 89 JAPAN: OFFSHORE WIND MARKET, BY TURBINE RATING,
2026–2035 (USD BILLION) 124
TABLE 90 SOUTH KOREA: OFFSHORE WIND MARKET, BY COMPONENT,
2023–2025 (USD BILLION) 125
TABLE 91 SOUTH KOREA: OFFSHORE WIND MARKET, BY COMPONENT,
2026–2035 (USD BILLION) 125
TABLE 92 SOUTH KOREA: OFFSHORE WIND MARKET, BY TURBINE RATING,
2023–2025 (USD BILLION) 125
TABLE 93 SOUTH KOREA: OFFSHORE WIND MARKET, BY TURBINE RATING,
2026–2035 (USD BILLION) 126
TABLE 94 REST OF ASIA PACIFIC: OFFSHORE WIND MARKET, BY COMPONENT,
2023–2025 (USD BILLION) 127
TABLE 95 REST OF ASIA PACIFIC: OFFSHORE WIND MARKET, BY COMPONENT,
2026–2035 (USD BILLION) 127
TABLE 96 REST OF ASIA PACIFIC: OFFSHORE WIND MARKET, BY TURBINE RATING,
2023–2025 (USD BILLION) 127
TABLE 97 REST OF ASIA PACIFIC: OFFSHORE WIND MARKET, BY TURBINE RATING,
2026–2035 (USD BILLION) 128
TABLE 98 EUROPE: OFFSHORE WIND MARKET, BY COMPONENT, 2023–2025 (USD BILLION) 129
TABLE 99 EUROPE: OFFSHORE WIND MARKET, BY COMPONENT, 2026–2035 (USD BILLION) 129
TABLE 100 EUROPE: OFFSHORE WIND MARKET, BY TURBINE RATING,
2023–2025 (USD BILLION) 130
TABLE 101 EUROPE: OFFSHORE WIND MARKET, BY TURBINE RATING,
2026–2035 (USD BILLION) 130
TABLE 102 EUROPE: OFFSHORE WIND MARKET, BY FOUNDATION TYPE,
2023–2025 (USD BILLION) 130
TABLE 103 EUROPE: OFFSHORE WIND MARKET, BY FOUNDATION TYPE,
2026–2035 (USD BILLION) 130
TABLE 104 EUROPE: OFFSHORE WIND MARKET, BY WATER DEPTH,
2023–2025 (USD BILLION) 131
TABLE 105 EUROPE: OFFSHORE WIND MARKET, BY WATER DEPTH,
2026–2035 (USD BILLION) 131
TABLE 106 EUROPE: OFFSHORE WIND MARKET, BY COUNTRY, 2023–2025 (USD BILLION) 131
TABLE 107 EUROPE: OFFSHORE WIND MARKET, BY COUNTRY, 2026–2035 (USD BILLION) 132
TABLE 108 GERMANY: OFFSHORE WIND MARKET, BY COMPONENT,
2023–2025 (USD BILLION) 132
TABLE 109 GERMANY: OFFSHORE WIND MARKET, BY COMPONENT,
2026–2035 (USD BILLION) 133
TABLE 110 GERMANY: OFFSHORE WIND MARKET, BY TURBINE RATING,
2023–2025 (USD BILLION) 133
TABLE 111 GERMANY: OFFSHORE WIND MARKET, BY TURBINE RATING,
2026–2035 (USD BILLION) 133
TABLE 112 UK: OFFSHORE WIND MARKET, BY COMPONENT, 2023–2025 (USD BILLION) 134
TABLE 113 UK: OFFSHORE WIND MARKET, BY COMPONENT, 2026–2035 (USD BILLION) 134
TABLE 114 UK: OFFSHORE WIND MARKET, BY TURBINE RATING, 2023–2025 (USD BILLION) 134
TABLE 115 UK: OFFSHORE WIND MARKET, BY TURBINE RATING, 2026–2035 (USD BILLION) 135
TABLE 116 DENMARK: OFFSHORE WIND MARKET, BY COMPONENT,
2023–2025 (USD BILLION) 135
TABLE 117 DENMARK: OFFSHORE WIND MARKET, BY COMPONENT,
2026–2035 (USD BILLION) 136
TABLE 118 DENMARK: OFFSHORE WIND MARKET, BY TURBINE RATING,
2023–2025 (USD BILLION) 136
TABLE 119 DENMARK: OFFSHORE WIND MARKET, BY TURBINE RATING,
2026–2035 (USD BILLION) 136
TABLE 120 FRANCE: OFFSHORE WIND MARKET, BY COMPONENT, 2023–2025 (USD BILLION) 137
TABLE 121 FRANCE: OFFSHORE WIND MARKET, BY COMPONENT, 2026–2035 (USD BILLION) 137
TABLE 122 FRANCE: OFFSHORE WIND MARKET, BY TURBINE RATING,
2023–2025 (USD BILLION) 137
TABLE 123 FRANCE: OFFSHORE WIND MARKET, BY TURBINE RATING,
2026–2035 (USD BILLION) 138
TABLE 124 POLAND: OFFSHORE WIND MARKET, BY COMPONENT, 2023–2025 (USD BILLION) 138
TABLE 125 POLAND: OFFSHORE WIND MARKET, BY COMPONENT, 2026–2035 (USD BILLION) 139
TABLE 126 POLAND: OFFSHORE WIND MARKET, BY TURBINE RATING,
2023–2025 (USD BILLION) 139
TABLE 127 POLAND: OFFSHORE WIND MARKET, BY TURBINE RATING,
2026–2035 (USD BILLION) 139
TABLE 128 NETHERLANDS: OFFSHORE WIND MARKET, BY COMPONENT,
2023–2025 (USD BILLION) 140
TABLE 129 NETHERLANDS: OFFSHORE WIND MARKET, BY COMPONENT,
2026–2035 (USD BILLION) 140
TABLE 130 NETHERLANDS: OFFSHORE WIND MARKET, BY TURBINE RATING,
2023–2025 (USD BILLION) 140
TABLE 131 NETHERLANDS: OFFSHORE WIND MARKET, BY TURBINE RATING,
2026–2035 (USD BILLION) 141
TABLE 132 REST OF EUROPE: OFFSHORE WIND MARKET, BY COMPONENT,
2023–2025 (USD BILLION) 142
TABLE 133 REST OF EUROPE: OFFSHORE WIND MARKET, BY COMPONENT,
2026–2035 (USD BILLION) 142
TABLE 134 REST OF EUROPE: OFFSHORE WIND MARKET, BY TURBINE RATING,
2023–2025 (USD BILLION) 142
TABLE 135 REST OF EUROPE: OFFSHORE WIND MARKET, BY TURBINE RATING,
2026–2035 (USD BILLION) 143
TABLE 136 NORTH AMERICA: OFFSHORE WIND MARKET, BY COMPONENT,
2023–2025 (USD BILLION) 143
TABLE 137 NORTH AMERICA: OFFSHORE WIND MARKET, BY COMPONENT,
2026–2035 (USD BILLION) 144
TABLE 138 NORTH AMERICA: OFFSHORE WIND MARKET, BY TURBINE RATING,
2023–2025 (USD BILLION) 144
TABLE 139 NORTH AMERICA: OFFSHORE WIND MARKET, BY TURBINE RATING,
2026–2035 (USD BILLION) 144
TABLE 140 NORTH AMERICA: OFFSHORE WIND MARKET, BY FOUNDATION TYPE,
2023–2025 (USD BILLION) 145
TABLE 141 NORTH AMERICA: OFFSHORE WIND MARKET, BY FOUNDATION TYPE,
2026–2035 (USD BILLION) 145
TABLE 142 NORTH AMERICA: OFFSHORE WIND MARKET, BY WATER DEPTH,
2023–2025 (USD BILLION) 145
TABLE 143 NORTH AMERICA: OFFSHORE WIND MARKET, BY WATER DEPTH,
2026–2035 (USD BILLION) 145
TABLE 144 NORTH AMERICA: OFFSHORE WIND MARKET, BY COUNTRY,
2023–2025 (USD BILLION) 146
TABLE 145 NORTH AMERICA: OFFSHORE WIND MARKET, BY COUNTRY,
2026–2035 (USD BILLION) 146
TABLE 146 US: OFFSHORE WIND MARKET, BY COMPONENT, 2023–2025 (USD BILLION) 147
TABLE 147 US: OFFSHORE WIND MARKET, BY COMPONENT, 2026–2035 (USD BILLION) 147
TABLE 148 US: OFFSHORE WIND MARKET, BY TURBINE RATING, 2023–2025 (USD BILLION) 147
TABLE 149 US: OFFSHORE WIND MARKET, BY TURBINE RATING, 2026–2035 (USD BILLION) 147
TABLE 150 OFFSHORE WIND MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, MAY 2021–APRIL 2026 148
TABLE 151 OFFSHORE WIND MARKET: DEGREE OF COMPETITION, 2025 150
TABLE 152 OFFSHORE WIND MARKET: REGION FOOTPRINT 157
TABLE 153 OFFSHORE WIND MARKET: COMPONENT FOOTPRINT 158
TABLE 154 OFFSHORE WIND MARKET: WATER DEPTH FOOTPRINT 159
TABLE 155 OFFSHORE WIND MARKET: TURBINE RATING FOOTPRINT 160
TABLE 156 OFFSHORE WIND MARKET: DETAILED LIST OF KEY STARTUPS/SMES 163
TABLE 157 OFFSHORE WIND MARKET: COMPETITIVE BENCHMARKING OF
KEY STARTUPS/SMES 163
TABLE 158 OFFSHORE WIND MARKET: PRODUCT LAUNCHES, MAY 2021–APRIL 2026 165
TABLE 159 OFFSHORE WIND MARKET: DEALS, MAY 2021–APRIL 2026 167
TABLE 160 OFFSHORE WIND MARKET: EXPANSIONS, MAY 2021–APRIL 2026 173
TABLE 161 OFFSHORE WIND MARKET: OTHER DEVELOPMENTS, MAY 2021–APRIL 2026 175
TABLE 162 SIEMENS ENERGY: COMPANY OVERVIEW 178
TABLE 163 SIEMENS ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 179
TABLE 164 SIEMENS ENERGY: DEALS 180
TABLE 165 SIEMENS ENERGY: OTHER DEVELOPMENTS 182
TABLE 166 MING YANG SMART ENERGY GROUP CO., LTD.: COMPANY OVERVIEW 183
TABLE 167 MING YANG SMART ENERGY GROUP CO., LTD.: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 184
TABLE 168 MING YANG SMART ENERGY GROUP CO., LTD.: PRODUCT LAUNCHES 186
TABLE 169 MING YANG SMART ENERGY GROUP CO., LTD.: DEALS 187
TABLE 170 MING YANG SMART ENERGY GROUP CO., LTD.: EXPANSIONS 187
TABLE 171 VESTAS: COMPANY OVERVIEW 189
TABLE 172 VESTAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 190
TABLE 173 VESTAS: DEALS 191
TABLE 174 VESTAS: OTHER DEVELOPMENTS 191
TABLE 175 GOLDWIND: COMPANY OVERVIEW 194
TABLE 176 GOLDWIND: PRODUCTS/SOLUTIONS/SERVICES OFFERED 195
TABLE 177 GOLDWIND: PRODUCT LAUNCHES 196
TABLE 178 GOLDWIND: DEALS 196
TABLE 179 GOLDWIND: EXPANSIONS 197
TABLE 180 ENVISION GROUP: COMPANY OVERVIEW 199
TABLE 181 ENVISION GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 200
TABLE 182 ENVISION GROUP: PRODUCT LAUNCHES 200
TABLE 183 ENVISION GROUP: DEALS 200
TABLE 184 ENVISION GROUP: EXPANSIONS 201
TABLE 185 ENVISION GROUP: OTHER DEVELOPMENTS 201
TABLE 186 PRYSMIAN: COMPANY OVERVIEW 203
TABLE 187 PRYSMIAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED 204
TABLE 188 GE VERNOVA: COMPANY OVERVIEW 206
TABLE 189 GE VERNOVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 207
TABLE 190 GE VERNOVA: DEALS 208
TABLE 191 GE VERNOVA: EXPANSIONS 208
TABLE 192 NEXANS: COMPANY OVERVIEW 209
TABLE 193 NEXANS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 211
TABLE 194 SIF GROUP: COMPANY OVERVIEW 212
TABLE 195 SIF GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 213
TABLE 196 SIF GROUP: PRODUCT LAUNCHES 214
TABLE 197 SIF GROUP: EXPANSIONS 214
TABLE 198 SIF GROUP: OTHER DEVELOPMENTS 215
TABLE 199 SCHNEIDER ELECTRIC: COMPANY OVERVIEW 216
TABLE 200 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 218
TABLE 201 DONGFANG ELECTRIC WIND POWER CO., LTD.: COMPANY OVERVIEW 219
TABLE 202 DONGFANG ELECTRIC WIND POWER CO., LTD.: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 220
TABLE 203 DONGFANG ELECTRIC WIND POWER CO., LTD.: PRODUCT LAUNCHES 222
TABLE 204 DONGFANG ELECTRIC WIND POWER CO., LTD.: EXPANSIONS 223
TABLE 205 DOOSAN CORPORATION: COMPANY OVERVIEW 224
TABLE 206 DOOSAN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 226
TABLE 207 DOOSAN CORPORATION: DEALS 227
TABLE 208 HITACHI ENERGY LTD: COMPANY OVERVIEW 228
TABLE 209 HITACHI ENERGY LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 229
TABLE 210 HITACHI ENERGY LTD: DEALS 230
TABLE 211 HITACHI ENERGY LTD: OTHER DEVELOPMENTS 231
TABLE 212 ØRSTED: COMPANY OVERVIEW 232
TABLE 213 ØRSTED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 233
TABLE 214 ØRSTED: DEALS 235
TABLE 215 NORTHLAND POWER INC.: COMPANY OVERVIEW 236
TABLE 216 NORTHLAND POWER INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 237
TABLE 217 NORTHLAND POWER INC.: DEVELOPMENTS 238
TABLE 218 SHANGHAI SMEC ENTERPRISE CO., LTD.: COMPANY OVERVIEW 239
TABLE 219 SHANGHAI SMEC ENTERPRISE CO., LTD.: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 240
TABLE 220 AKER SOLUTIONS: COMPANY OVERVIEW 241
TABLE 221 AKER SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 242
TABLE 222 AKER SOLUTIONS: PRODUCT LAUNCHES 243
TABLE 223 AKER SOLUTIONS: OTHER DEVELOPMENTS 243
TABLE 224 EQUINOR ASA: COMPANY OVERVIEW 244
TABLE 225 EQUINOR ASA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 245
TABLE 226 EQUINOR ASA: DEALS 246
TABLE 227 OCEAN WINDS: COMPANY OVERVIEW 247
TABLE 228 OCEAN WINDS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 248
TABLE 229 OCEAN WINDS: DEALS 248
TABLE 230 OCEAN WINDS: OTHER DEVELOPMENTS 249
TABLE 231 EEW GROUP: COMPANY OVERVIEW 250
TABLE 232 CRRC SHANDONG WIND POWER CO., LTD.: COMPANY OVERVIEW 251
TABLE 233 PRINCIPLE POWER: COMPANY OVERVIEW 252
TABLE 234 SSE PLC: COMPANY OVERVIEW 253
TABLE 235 EDF: COMPANY OVERVIEW 254
TABLE 236 VATTENFALL: COMPANY OVERVIEW 255
TABLE 237 MAJOR SECONDARY SOURCES 257
TABLE 238 PRIMARY INTERVIEW PARTICIPANTS 258
TABLE 239 DATA CAPTURED FROM PRIMARY SOURCES 259
TABLE 240 OFFSHORE WIND MARKET: RISK ANALYSIS 267
FIGURE 1 OFFSHORE WIND MARKET SEGMENTATION AND REGIONAL SCOPE 25
FIGURE 2 OFFSHORE WIND MARKET: DURATION CONSIDERED 29
FIGURE 3 OFFSHORE WIND MARKET SCENARIO 32
FIGURE 4 GLOBAL OFFSHORE WIND MARKET SIZE, 2023–2035 33
FIGURE 5 MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN OFFSHORE
WIND MARKET, 2021–2026 33
FIGURE 6 DISRUPTIONS INFLUENCING GROWTH OF OFFSHORE WIND MARKET 34
FIGURE 7 HIGH-GROWTH SEGMENTS IN OFFSHORE WIND MARKET, 2026–2035 35
FIGURE 8 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 36
FIGURE 9 INCREASING INVESTMENT IN RENEWABLE ENERGY, DIGITALIZATION AND FLOATING WIND TECHNOLOGIES TO DRIVE OFFSHORE WIND MARKET 38
FIGURE 10 TURBINES SEGMENT AND ASIA PACIFIC ACCOUNTED FOR LARGEST
MARKET SHARE IN 2025 39
FIGURE 11 11–15 MW SEGMENT TO DOMINATE OFFSHORE WIND MARKET
FROM 2026 TO 2035 39
FIGURE 12 TURBINES SEGMENT TO HOLD LARGEST MARKET SHARE IN 2026 AND 2035 40
FIGURE 13 FLOATING SEGMENT TO EXHIBIT HIGHER CAGR BETWEEN 2026 AND 2035 40
FIGURE 14 DEEP WATER SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 41
FIGURE 15 SOUTH KOREA TO REGISTER HIGHEST CAGR IN GLOBAL OFFSHORE WIND
MARKET DURING FORECAST PERIOD 41
FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 42
FIGURE 17 TOTAL OFFSHORE WIND ADDITIONS, BY COUNTRY 43
FIGURE 18 NEW OFFSHORE WIND INSTALLATIONS 44
FIGURE 19 OFFSHORE WIND INSTALLATIONS IN EMERGING COUNTRIES 46
FIGURE 20 PORTER’S FIVE FORCES ANALYSIS 50
FIGURE 21 OFFSHORE WIND VALUE CHAIN ANALYSIS 55
FIGURE 22 KEY PARTICIPANTS IN OFFSHORE WIND ECOSYSTEM 56
FIGURE 23 OFFSHORE WIND ECOSYSTEM ANALYSIS 57
FIGURE 24 IMPORT DATA FOR HS CODE 850231-COMPLIANT PRODUCTS FOR TOP
FIVE COUNTRIES, 2021–2025 59
FIGURE 25 EXPORT DATA FOR HS CODE 850231-COMPLIANT PRODUCTS FOR
TOP FIVE COUNTRIES, 2021–2025 60
FIGURE 26 TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS 62
FIGURE 27 INVESTMENT AND FUNDING SCENARIO, 2025 63
FIGURE 28 PATENTS APPLIED AND GRANTED, 2015–2025 73
FIGURE 29 FUTURE APPLICATIONS OF OFFSHORE WIND SYSTEMS 74
FIGURE 30 REAL-WORLD APPLICATIONS 78
FIGURE 31 DECISION-MAKING FACTORS 85
FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY COMPONENT 86
FIGURE 33 KEY BUYING CRITERIA, BY COMPONENT 86
FIGURE 34 OFFSHORE WIND SOLUTION ADOPTION BARRIERS AND INTERNAL CHALLENGES 88
FIGURE 35 TURBINES SEGMENT CAPTURED LARGEST SHARE OF OFFSHORE
WIND MARKET IN 2025 91
FIGURE 36 TRANSITIONAL WATER SEGMENT HELD LARGEST SHARE OF OFFSHORE
WIND MARKET IN 2025 97
FIGURE 37 FIXED SEGMENT ACCOUNTED FOR LARGER SHARE OF OFFSHORE
WIND MARKET IN 2025 103
FIGURE 38 11–15 MW SEGMENT CAPTURED LARGEST SHARE OF OFFSHORE
WIND MARKET IN 2025 108
FIGURE 39 SOUTH KOREA TO REGISTER HIGHEST CAGR IN GLOBAL OFFSHORE
WIND MARKET FROM 2026 TO 2035 115
FIGURE 40 ASIA PACIFIC HELD LARGEST MARKET SHARE IN 2025 115
FIGURE 41 ASIA PACIFIC: OFFSHORE WIND MARKET SNAPSHOT 117
FIGURE 42 EUROPE: OFFSHORE WIND MARKET SNAPSHOT 129
FIGURE 43 MARKET SHARE ANALYSIS OF COMPANIES OFFERING OFFSHORE
WIND SYSTEMS, 2025 150
FIGURE 44 OFFSHORE WIND MARKET: REVENUE ANALYSIS OF TOP FOUR
PLAYERS, 2021–2025 152
FIGURE 45 PRODUCT COMPARISON 153
FIGURE 46 OFFSHORE WIND MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2025 155
FIGURE 47 OFFSHORE WIND MARKET: COMPANY FOOTPRINT 156
FIGURE 48 OFFSHORE WIND MARKET: COMPANY EVALUATION MATRIX
(STARTUPS/SMES), 2025 162
FIGURE 49 COMPANY VALUATION 164
FIGURE 50 FINANCIAL METRICS (EV/EBITDA) 164
FIGURE 51 SIEMENS ENERGY: COMPANY SNAPSHOT 179
FIGURE 52 MING YANG SMART ENERGY GROUP CO., LTD.: COMPANY SNAPSHOT 184
FIGURE 53 VESTAS: COMPANY SNAPSHOT 190
FIGURE 54 GOLDWIND: COMPANY SNAPSHOT 195
FIGURE 55 PRYSMIAN: COMPANY SNAPSHOT 204
FIGURE 56 GE VERNOVA: COMPANY SNAPSHOT 207
FIGURE 57 NEXANS: COMPANY SNAPSHOT 210
FIGURE 58 SIF GROUP: COMPANY SNAPSHOT 213
FIGURE 59 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 217
FIGURE 60 DONGFANG ELECTRIC WIND POWER CO., LTD.: COMPANY SNAPSHOT 220
FIGURE 61 DOOSAN CORPORATION: COMPANY SNAPSHOT 225
FIGURE 62 HITACHI ENERGY LTD: COMPANY SNAPSHOT 229
FIGURE 63 ØRSTED: COMPANY SNAPSHOT 233
FIGURE 64 NORTHLAND POWER INC.: COMPANY SNAPSHOT 237
FIGURE 65 SHANGHAI SMEC ENTERPRISE CO., LTD.: COMPANY SNAPSHOT 240
FIGURE 66 AKER SOLUTIONS: COMPANY SNAPSHOT 242
FIGURE 67 EQUINOR ASA: COMPANY SNAPSHOT 245
FIGURE 68 OFFSHORE WIND MARKET: RESEARCH DESIGN 256
FIGURE 69 DATA CAPTURED FROM SECONDARY SOURCES 257
FIGURE 70 CORE FINDINGS FROM EXPERT INSIGHTS 258
FIGURE 71 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE,
DESIGNATION, AND REGION 259
FIGURE 72 OFFSHORE WIND MARKET: BOTTOM-UP APPROACH 260
 
FIGURE 73 OFFSHORE WIND MARKET: TOP-DOWN APPROACH 261
FIGURE 74 KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR OFFSHORE
WIND SYSTEMS 262
FIGURE 75 KEY METRICS CONSIDERED TO ASSESS SUPPLY OF OFFSHORE WIND SYSTEMS 263
FIGURE 76 OFFSHORE WIND MARKET: SUPPLY-SIDE ANALYSIS 264
FIGURE 77 INDUSTRY CONCENTRATION, 2025 265
FIGURE 78 OFFSHORE WIND MARKET: DATA TRIANGULATION 266
FIGURE 79 OFFSHORE WIND MARKET: RESEARCH LIMITATIONS 267