OFFSHORE WIND MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

Offshore Wind Market, By Location (Deep-water (depth >60 m), Transitional Water (depth 30-60 m), Shallow water (depth < 30 m))), By Component (Substructure, Turbine, Electrical Infrastructure, Others), By Region (North America, Latin America, Europe, Middle East, Africa, Asia Pacific)

Published In: 10 Mar, 2025
Code: CMI978
Pages: 125
Formats: Excel and PDF
Industry: Energy
- Historical Range: 2020 - 2024
- Forecast Period: 2025 - 2032

Offshore wind energy is the generation of electrical energy by the installation of wind turbines at sea. The wind blows faster and steadily at the sea than on land or onshore areas, that result in more stable and higher yield of energy. The main advantage of the offshore wind energy production is that it contributes to achieve the goal for renewable energy, not consume water and do not emit environmental pollutants or greenhouse gases and helps to reduce the global warming.

Market Dynamics

Major drivers propelling the global growth of the offshore wind market include the rising demand for electricity and increasing awareness about the greenhouse gases. According to the International Energy Outlook 2016, the global energy demand is set to increase from 268 mboe/d in 2013 to 399 mboe/d by 2040. Renewable energy sources are the fastest growing energy sources which in turns drives the global offshore wind market. Government regulations and current policies regarding fossil fuel use, globally energy related carbon dioxide emissions are expected to increase to 45 billion metric tons in 2040, according to U.S Energy Information Administration (EIA), therefore with increase in concerns about the greenhouse gases there is rise is demand for the renewable sources of energy which in turns drives the offshore wind market.

Key features of the study:

This report provides in-depth analysis of the offshore wind market and provides market size (US$ Billion), and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period 2025-2032
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, pipeline products, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global offshore wind market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics
The global offshore wind market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, medical devices companies, new entrants, and financial analysts
Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the offshore wind market.

Detailed Segmentation

Global Offshore Wind Market, By Location:
- Deep-water (depth >60 m)
- Transitional Water (depth 30-60 m)
- Shallow water (depth < 30 m)
Global Offshore Wind Market, By Component:
- Substructure
  - Monopile
  - Jacket and Gravity Based
  - Others
- Turbine
  - Rotor & Blades
  - Tower
  - Nacelle
- Electrical Infrastructure
- Others
Global Offshore Wind Market, By Geography:
- North America
  - U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
- Latin America
  - Brazil
  - Argentina
  - Rest of Latin America
- Africa
  - Northern Africa
  - Central Africa
  - South Africa
- Middle East
  - GCC
  - Israel
  - Rest of Middle-East
Company Profiles
- MHI Vestas*
  - Company Overview
  - Product Portfolio
  - Market Presence
  - Financial Overview
  - Key Developments
  - Strategies
- Siemens AG
- General Electric
- ABB, Ltd.
- EEW Group
- Nexans
- A2Sea

“*” marked represents similar segmentation in other categories in the respective section.

Detailed Segmentation

Global Offshore wind Market, By Location:
- Deep-water (depth >60 m)
- Transitional Water (depth 30-60 m)
- Shallow water (depth < 30 m)
Global Offshore wind Market, By Component:
- Substructure
  - Monopile
  - Jacket and Gravity Based
  - Others
- Turbine
  - Rotor & Blades
  - Tower
  - Nacelle
- Electrical Infrastructure
- Others
Global Offshore wind Market, By Geography:
- North America
  - U.S.
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - Canada
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
- Europe
  - U.K.
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - Germany
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - Italy
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - France
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - Spain
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - Russia
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - Rest of Europe
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
- Asia Pacific
  - China
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - India
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - Japan
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - ASEAN
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - Australia
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - South Korea
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - Rest of Asia Pacific
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
- Latin America
  - Brazil
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - Argentina
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - Rest of Latin America
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
- Africa
  - Northern Africa
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - Central Africa
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - South Africa
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
- Middle East
  - GCC
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - Israel
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others
  - Rest of Middle-East
    - By Location
      - Deep-water (depth >60 m)
      - Transitional Water (depth 30-60 m)
      - Shallow water (depth < 30 m)
    - By Component
      - Substructure
        
        Monopile
        
        Jacket and Gravity Based
        
        Others
      - Turbine
        
        Rotor & Blades
        
        Tower
        
        Nacelle
      - Electrical Infrastructure
      - Others

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Current Industry Events of 2025, and Its Impact on the Market
Market Size Estimation – Historical (2020–2024), Current (2025), and Forecast (2025–2032)
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OFFSHORE WIND MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

Offshore Wind Market, By Location (Deep-water (depth >60 m), Transitional Water (depth 30-60 m), Shallow water (depth < 30 m))), By Component (Substructure, Turbine, Electrical Infrastructure, Others), By Region (North America, Latin America, Europe, Middle East, Africa, Asia Pacific)

Detailed Segmentation

Global Offshore wind Market, By Location:

Global Offshore wind Market, By Component:

Global Offshore wind Market, By Geography:

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