Summary

The global Wind Turbine Installation Vessel market size was US$ 1634 million in 2024 and is forecast to a readjusted size of US$ 4065 million by 2031 with a CAGR of 13.7% during the forecast period 2025-2031.
By 2025, the evolving U.S. tariff policy is poised to inject considerable uncertainty into the global economic landscape. This report delves into the latest U.S. tariff measures and the corresponding policy responses across the globe, evaluating their impacts on Wind Turbine Installation Vessel market competitiveness, regional economic performance, and supply chain configurations.
An Wind Turbine Installation Vessel is a purpose-built marine engineering platform used for the transportation, lifting, positioning, and installation of offshore wind turbine foundations and turbine units at offshore wind farm sites. The mainstream type is the self-propelled jack-up vessel, which is capable of elevating itself above sea level through its legs during installation operations while maintaining mobility through its own propulsion system. These vessels are characterized by a slender ship-shaped hull, large deck load capacity, heavy-lift cranes, high-precision positioning systems, and azimuth thrusters for dynamic positioning during jack-up operations. In addition to self-propelled jack-up vessels, heavy-lift vessels and other jack-up vessels adapted for turbine and foundation installation are also classified as Wind Turbine Installation Vessels.
This report focuses on the offshore wind turbine installation service market, which represents the most critical and value-intensive segment of the global Wind Turbine Installation Vessel market, with vessel owners acting as core service providers.
In 2024, global Wind Turbine Installation Vessel fleet size reached approximately 150 units with an average Dayrate of around US$ 80 k per day.
The upstream suppliers of Wind Turbine Installation Vessels is dominated by shipbuilders, such as Samsung Heavy Industries, HHI, ZPMC, COSCO Shipyard, etc.
Downstream Applications and Major Customers
The downstream application of Wind Turbine Installation Vessels is highly concentrated in offshore wind farm construction, including foundation installation, turbine erection, and large-component transportation. The primary customers are global offshore wind farm developers, EPC contractors, and energy groups. Representative customers include RWE, Equinor, Vattenfall, and Iberdrola.
As this report focuses on the offshore wind turbine installation service market, the gross margin primarily reflects the profitability of vessel chartering and installation services rather than ship manufacturing. Driven by high vessel construction costs, tight vessel supply, and strong offshore wind demand, the typical gross margin of offshore wind turbine installation services generally ranges from 10% to 30%.
Wind Turbine Installation Vessels are the core construction assets used for the transportation, lifting, positioning, and installation of offshore wind turbine foundations and complete turbine units at offshore wind farm sites. These vessels integrate heavy-lift crane systems, precise positioning technologies, and highly stable structural platforms to ensure safe and efficient offshore installation operations under complex marine conditions.
This market focuses specifically on the offshore wind turbine installation service market, in which vessel owners provide installation, transportation, and lifting services as the primary commercial activity and revenue source, making it the most critical and value-intensive segment of the global Wind Turbine Installation Vessel industry.
From the perspective of product types, the market is mainly composed of self-propelled jack-up vessels, normal jack-up vessels, and heavy lift vessels used for offshore wind turbine installation. Self-propelled jack-up vessels represent the most advanced and operationally efficient vessel type, featuring a slender ship-shaped hull, self-elevating legs, onboard propulsion systems, and azimuth thrusters for dynamic positioning during jack-up operations. These vessels are capable of carrying multiple turbine units or foundations per voyage while rapidly relocating between installation points within a wind farm, significantly improving overall construction efficiency. Normal jack-up vessels, typically non-self-propelled or requiring external towing, remain widely used in nearshore and shallow-water wind farm projects, offering cost advantages in suitable operating conditions. Heavy lift vessels, equipped with ultra-large lifting capacities, play a critical role in the installation of large monopile foundations, transition pieces, and next-generation high-capacity offshore wind turbines, particularly in deep-water and high-load projects. Together, these three vessel types form a complete installation capability system for the offshore wind turbine installation service market.
In terms of application, Wind Turbine Installation Vessels are primarily deployed in large wind farms and small wind farms, both of which constitute essential development scenarios for global offshore wind power. Large wind farms, typically located in deeper waters and farther offshore, require large-scale self-propelled jack-up vessels and heavy lift vessels to support the installation of large-capacity turbines, massive monopile foundations, and complex offshore substations. These projects demand high lifting capacity, long endurance, and advanced positioning systems, driving continuous technological upgrading of installation vessels. Small wind farms, usually distributed in nearshore or transitional sea areas, rely more heavily on normal jack-up vessels and medium-sized self-propelled units to perform turbine erection and foundation installation at relatively lower cost and shorter mobilization distances. The coexistence of large and small wind farm projects ensures diversified demand across different vessel types.
The growth of the Wind Turbine Installation Vessel service market is primarily driven by the rapid global expansion of offshore wind power capacity, continuous increases in single-turbine installed power, and long-term energy transition policies promoting carbon neutrality. Governments across Europe, China, and other major coastal economies are accelerating offshore wind project approvals and grid integration targets, directly stimulating sustained demand for installation services. Technological upgrades in turbine size, foundation structure, and offshore construction methods are further increasing the technical threshold and unit value of installation services. In addition, the global scarcity of high-end self-propelled jack-up vessels and heavy lift vessels has created a structurally tight supply situation, pushing up charter rates and strengthening the overall profitability of vessel owners operating in the service market.
At the same time, the Wind Turbine Installation Vessel service market also faces several structural restraints. The construction cost of high-end installation vessels continues to rise due to the use of large-scale cranes, advanced propulsion systems, and high-grade steel structures, significantly increasing capital expenditure pressure on vessel owners. Project scheduling is highly sensitive to weather conditions, permitting delays, and grid connection planning, which directly affects vessel utilization rates and revenue stability. In addition, the regional imbalance between offshore wind project distribution and available installation vessel resources leads to long-distance mobilization, higher operating costs, and intensified competition in certain peak construction cycles. Regulatory requirements related to vessel safety, emissions, and offshore construction standards are also becoming increasingly stringent, further increasing compliance costs for service providers.
The global Wind Turbine Installation Vessel market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
Market Segmentation
By Company:
DEME
Seajacks
Fred. Olsen Windcarrier
Van Oord (MPI-Offshore)
Jack-Up Barge
SEAFOX
Cadele
Longyuan Zhenhua
CCCC Third Harbor Engineering
By Type: (Dominant Segment vs High-Margin Innovation)
Self-propelled Jack-up Vessel
Normal Jack-up Vessel
Heavy Lift Vessel
By Application: (Core Demand Driver vs Emerging Opportunity)
Large Wind Farm
Small Wind Farm
By Region
Macro-Regional Analysis: Market Size & Growth Forecasts
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Micro-Local Market Deep Dive: Strategic Insights
- Competitive Landscape: Player dominance vs. disruptors (e.g., DEME in Europe)
- Emerging Product Trends: Self-propelled Jack-up Vessel adoption vs. Normal Jack-up Vessel premiumization
- Demand-Side Dynamics: Large Wind Farm growth in China vs. Small Wind Farm potential in North America
- Localized Consumer Needs: Regulatory hurdles in EU vs. price sensitivity in India
Focus Markets:
North America
Europe
China
Japan
Southeast Asia
India
(Additional regions can be customized based on client needs.)
Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Wind Turbine Installation Vessel market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Normal Jack-up Vessel in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Small Wind Farm in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Wind Turbine Installation Vessel value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets

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Table of Contents

1 Market Overview
1.1 Wind Turbine Installation Vessel Product Scope
1.2 Wind Turbine Installation Vessel by Type
1.2.1 Global Wind Turbine Installation Vessel Sales by Type (2020 & 2024 & 2031)
1.2.2 Self-propelled Jack-up Vessel
1.2.3 Normal Jack-up Vessel
1.2.4 Heavy Lift Vessel
1.3 Wind Turbine Installation Vessel by Application
1.3.1 Global Wind Turbine Installation Vessel Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Large Wind Farm
1.3.3 Small Wind Farm
1.4 Global Wind Turbine Installation Vessel Market Estimates and Forecasts (2020-2031)
1.4.1 Global Wind Turbine Installation Vessel Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Wind Turbine Installation Vessel Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Wind Turbine Installation Vessel Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Wind Turbine Installation Vessel Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Wind Turbine Installation Vessel Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Wind Turbine Installation Vessel Sales Market Share by Region (2020-2025)
2.2.2 Global Wind Turbine Installation Vessel Revenue Market Share by Region (2020-2025)
2.3 Global Wind Turbine Installation Vessel Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Wind Turbine Installation Vessel Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Wind Turbine Installation Vessel Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Wind Turbine Installation Vessel Market Size and Prospective (2020-2031)
2.4.2 Europe Wind Turbine Installation Vessel Market Size and Prospective (2020-2031)
2.4.3 China Wind Turbine Installation Vessel Market Size and Prospective (2020-2031)
2.4.4 Japan Wind Turbine Installation Vessel Market Size and Prospective (2020-2031)
2.4.5 Southeast Asia Wind Turbine Installation Vessel Market Size and Prospective (2020-2031)
2.4.6 India Wind Turbine Installation Vessel Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Wind Turbine Installation Vessel Historic Market Review by Type (2020-2025)
3.1.1 Global Wind Turbine Installation Vessel Sales by Type (2020-2025)
3.1.2 Global Wind Turbine Installation Vessel Revenue by Type (2020-2025)
3.1.3 Global Wind Turbine Installation Vessel Price by Type (2020-2025)
3.2 Global Wind Turbine Installation Vessel Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Wind Turbine Installation Vessel Sales Forecast by Type (2026-2031)
3.2.2 Global Wind Turbine Installation Vessel Revenue Forecast by Type (2026-2031)
3.2.3 Global Wind Turbine Installation Vessel Price Forecast by Type (2026-2031)
3.3 Different Types Wind Turbine Installation Vessel Representative Players
4 Global Market Size by Application
4.1 Global Wind Turbine Installation Vessel Historic Market Review by Application (2020-2025)
4.1.1 Global Wind Turbine Installation Vessel Sales by Application (2020-2025)
4.1.2 Global Wind Turbine Installation Vessel Revenue by Application (2020-2025)
4.1.3 Global Wind Turbine Installation Vessel Price by Application (2020-2025)
4.2 Global Wind Turbine Installation Vessel Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Wind Turbine Installation Vessel Sales Forecast by Application (2026-2031)
4.2.2 Global Wind Turbine Installation Vessel Revenue Forecast by Application (2026-2031)
4.2.3 Global Wind Turbine Installation Vessel Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Wind Turbine Installation Vessel Application
5 Competition Landscape by Players
5.1 Global Wind Turbine Installation Vessel Sales by Players (2020-2025)
5.2 Global Top Wind Turbine Installation Vessel Players by Revenue (2020-2025)
5.3 Global Wind Turbine Installation Vessel Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Wind Turbine Installation Vessel as of 2024)
5.4 Global Wind Turbine Installation Vessel Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Wind Turbine Installation Vessel, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Wind Turbine Installation Vessel, Product Type & Application
5.7 Global Key Manufacturers of Wind Turbine Installation Vessel, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Wind Turbine Installation Vessel Sales by Company
6.1.1.1 North America Wind Turbine Installation Vessel Sales by Company (2020-2025)
6.1.1.2 North America Wind Turbine Installation Vessel Revenue by Company (2020-2025)
6.1.2 North America Wind Turbine Installation Vessel Sales Breakdown by Type (2020-2025)
6.1.3 North America Wind Turbine Installation Vessel Sales Breakdown by Application (2020-2025)
6.1.4 North America Wind Turbine Installation Vessel Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Wind Turbine Installation Vessel Sales by Company
6.2.1.1 Europe Wind Turbine Installation Vessel Sales by Company (2020-2025)
6.2.1.2 Europe Wind Turbine Installation Vessel Revenue by Company (2020-2025)
6.2.2 Europe Wind Turbine Installation Vessel Sales Breakdown by Type (2020-2025)
6.2.3 Europe Wind Turbine Installation Vessel Sales Breakdown by Application (2020-2025)
6.2.4 Europe Wind Turbine Installation Vessel Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Wind Turbine Installation Vessel Sales by Company
6.3.1.1 China Wind Turbine Installation Vessel Sales by Company (2020-2025)
6.3.1.2 China Wind Turbine Installation Vessel Revenue by Company (2020-2025)
6.3.2 China Wind Turbine Installation Vessel Sales Breakdown by Type (2020-2025)
6.3.3 China Wind Turbine Installation Vessel Sales Breakdown by Application (2020-2025)
6.3.4 China Wind Turbine Installation Vessel Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Wind Turbine Installation Vessel Sales by Company
6.4.1.1 Japan Wind Turbine Installation Vessel Sales by Company (2020-2025)
6.4.1.2 Japan Wind Turbine Installation Vessel Revenue by Company (2020-2025)
6.4.2 Japan Wind Turbine Installation Vessel Sales Breakdown by Type (2020-2025)
6.4.3 Japan Wind Turbine Installation Vessel Sales Breakdown by Application (2020-2025)
6.4.4 Japan Wind Turbine Installation Vessel Major Customer
6.4.5 Japan Market Trend and Opportunities
6.5 Southeast Asia Market: Players, Segments, Downstream and Major Customers
6.5.1 Southeast Asia Wind Turbine Installation Vessel Sales by Company
6.5.1.1 Southeast Asia Wind Turbine Installation Vessel Sales by Company (2020-2025)
6.5.1.2 Southeast Asia Wind Turbine Installation Vessel Revenue by Company (2020-2025)
6.5.2 Southeast Asia Wind Turbine Installation Vessel Sales Breakdown by Type (2020-2025)
6.5.3 Southeast Asia Wind Turbine Installation Vessel Sales Breakdown by Application (2020-2025)
6.5.4 Southeast Asia Wind Turbine Installation Vessel Major Customer
6.5.5 Southeast Asia Market Trend and Opportunities
6.6 India Market: Players, Segments, Downstream and Major Customers
6.6.1 India Wind Turbine Installation Vessel Sales by Company
6.6.1.1 India Wind Turbine Installation Vessel Sales by Company (2020-2025)
6.6.1.2 India Wind Turbine Installation Vessel Revenue by Company (2020-2025)
6.6.2 India Wind Turbine Installation Vessel Sales Breakdown by Type (2020-2025)
6.6.3 India Wind Turbine Installation Vessel Sales Breakdown by Application (2020-2025)
6.6.4 India Wind Turbine Installation Vessel Major Customer
6.6.5 India Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 DEME
7.1.1 DEME Company Information
7.1.2 DEME Business Overview
7.1.3 DEME Wind Turbine Installation Vessel Sales, Revenue and Gross Margin (2020-2025)
7.1.4 DEME Wind Turbine Installation Vessel Products Offered
7.1.5 DEME Recent Development
7.2 Seajacks
7.2.1 Seajacks Company Information
7.2.2 Seajacks Business Overview
7.2.3 Seajacks Wind Turbine Installation Vessel Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Seajacks Wind Turbine Installation Vessel Products Offered
7.2.5 Seajacks Recent Development
7.3 Fred. Olsen Windcarrier
7.3.1 Fred. Olsen Windcarrier Company Information
7.3.2 Fred. Olsen Windcarrier Business Overview
7.3.3 Fred. Olsen Windcarrier Wind Turbine Installation Vessel Sales, Revenue and Gross Margin (2020-2025)
7.3.4 Fred. Olsen Windcarrier Wind Turbine Installation Vessel Products Offered
7.3.5 Fred. Olsen Windcarrier Recent Development
7.4 Van Oord (MPI-Offshore)
7.4.1 Van Oord (MPI-Offshore) Company Information
7.4.2 Van Oord (MPI-Offshore) Business Overview
7.4.3 Van Oord (MPI-Offshore) Wind Turbine Installation Vessel Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Van Oord (MPI-Offshore) Wind Turbine Installation Vessel Products Offered
7.4.5 Van Oord (MPI-Offshore) Recent Development
7.5 Jack-Up Barge
7.5.1 Jack-Up Barge Company Information
7.5.2 Jack-Up Barge Business Overview
7.5.3 Jack-Up Barge Wind Turbine Installation Vessel Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Jack-Up Barge Wind Turbine Installation Vessel Products Offered
7.5.5 Jack-Up Barge Recent Development
7.6 SEAFOX
7.6.1 SEAFOX Company Information
7.6.2 SEAFOX Business Overview
7.6.3 SEAFOX Wind Turbine Installation Vessel Sales, Revenue and Gross Margin (2020-2025)
7.6.4 SEAFOX Wind Turbine Installation Vessel Products Offered
7.6.5 SEAFOX Recent Development
7.7 Cadele
7.7.1 Cadele Company Information
7.7.2 Cadele Business Overview
7.7.3 Cadele Wind Turbine Installation Vessel Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Cadele Wind Turbine Installation Vessel Products Offered
7.7.5 Cadele Recent Development
7.8 Longyuan Zhenhua
7.8.1 Longyuan Zhenhua Company Information
7.8.2 Longyuan Zhenhua Business Overview
7.8.3 Longyuan Zhenhua Wind Turbine Installation Vessel Sales, Revenue and Gross Margin (2020-2025)
7.8.4 Longyuan Zhenhua Wind Turbine Installation Vessel Products Offered
7.8.5 Longyuan Zhenhua Recent Development
7.9 CCCC Third Harbor Engineering
7.9.1 CCCC Third Harbor Engineering Company Information
7.9.2 CCCC Third Harbor Engineering Business Overview
7.9.3 CCCC Third Harbor Engineering Wind Turbine Installation Vessel Sales, Revenue and Gross Margin (2020-2025)
7.9.4 CCCC Third Harbor Engineering Wind Turbine Installation Vessel Products Offered
7.9.5 CCCC Third Harbor Engineering Recent Development
8 Wind Turbine Installation Vessel Manufacturing Cost Analysis
8.1 Wind Turbine Installation Vessel Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Wind Turbine Installation Vessel
8.4 Wind Turbine Installation Vessel Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Wind Turbine Installation Vessel Distributors List
9.3 Wind Turbine Installation Vessel Customers
10 Wind Turbine Installation Vessel Market Dynamics
10.1 Wind Turbine Installation Vessel Industry Trends
10.2 Wind Turbine Installation Vessel Market Drivers
10.3 Wind Turbine Installation Vessel Market Challenges
10.4 Wind Turbine Installation Vessel Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer