Floating wind power is an offshore wind turbine mounted on a floating structure that allows the turbine to produce electricityin water depths where fixed-foundation turbines are not feasible. offshore wind power plays a significant role in achieving therenewable target in most countries around the world.The floating wind power market is driven by the increasing energydemand and adoption of renewables for energy production.
Market Analysis and Insights: Global Floating Wind Power Market
The global Floating Wind Power market is projected to grow from US$ 3516 million in 2024 to US$ 8218 million by 2030, at a Compound Annual Growth Rate (CAGR) of 15.2% during the forecast period.
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
Report Covers:
This report presents an overview of global market for Floating Wind Power market size. Analyses of the global market trends, with historic market revenue data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Floating Wind Power, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for Floating Wind Power, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Floating Wind Power revenue, market share and industry ranking of main companies, data from 2019 to 2024. Identification of the major stakeholders in the global Floating Wind Power market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2019 to 2030. Evaluation and forecast the market size for Floating Wind Power revenue, projected growth trends, production technology, application and end-user industry.
Market Segmentation
By Company
Nordex
MHI Vestas Offshore Wind
GE
Siemens Gamesa Renewable Energy
Hitachi
Envision Energy
ABB
Suzlon Energy
GoldWind
Ming Yang Smart Energy Group
Segment by Type
Up to 3 MW
3 MW to 5 MW
Above 5MW
Segment by Application
Shallow Water
Transitional Water
Deep Water
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Brazil
Mexico
Turkey
Israel
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Revenue of Floating Wind Power in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. This section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Floating Wind Power companies鈥� competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 7: Europe by Type, by Application and by country, revenue for each segment.
Chapter 8: China by Type, and by Application, revenue for each segment.
Chapter 9: Asia (excluding China) by Type, by Application and by region, revenue for each segment.
Chapter 10: Middle East, Africa, and Latin America by Type, by Application and by country, revenue for each segment.
Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Floating Wind Power revenue, gross margin, and recent development, etc.
Chapter 12: Analyst's Viewpoints/Conclusions
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Floating Wind Power Market Size Growth Rate by Type, 2019 VS 2023 VS 2030
1.2.2 Up to 3 MW
1.2.3 3 MW to 5 MW
1.2.4 Above 5MW
1.3 Market by Application
1.3.1 Global Floating Wind Power Market Size Growth Rate by Application, 2019 VS 2023 VS 2030
1.3.2 Shallow Water
1.3.3 Transitional Water
1.3.4 Deep Water
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Floating Wind Power Market Perspective (2019-2030)
2.2 Global Floating Wind Power Growth Trends by Region
2.2.1 Floating Wind Power Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Floating Wind Power Historic Market Size by Region (2019-2024)
2.2.3 Floating Wind Power Forecasted Market Size by Region (2025-2030)
2.3 Floating Wind Power Market Dynamics
2.3.1 Floating Wind Power Industry Trends
2.3.2 Floating Wind Power Market Drivers
2.3.3 Floating Wind Power Market Challenges
2.3.4 Floating Wind Power Market Restraints
3 Competition Landscape by Key Players
3.1 Global Revenue Floating Wind Power by Players
3.1.1 Global Floating Wind Power Revenue by Players (2019-2024)
3.1.2 Global Floating Wind Power Revenue Market Share by Players (2019-2024)
3.2 Global Floating Wind Power Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players of Floating Wind Power, Ranking by Revenue, 2022 VS 2023 VS 2024
3.4 Global Floating Wind Power Market Concentration Ratio
3.4.1 Global Floating Wind Power Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Floating Wind Power Revenue in 2023
3.5 Global Key Players of Floating Wind Power Head office and Area Served
3.6 Global Key Players of Floating Wind Power, Product and Application
3.7 Global Key Players of Floating Wind Power, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Floating Wind Power Breakdown Data by Type
4.1 Global Floating Wind Power Historic Market Size by Type (2019-2024)
4.2 Global Floating Wind Power Forecasted Market Size by Type (2025-2030)
5 Floating Wind Power Breakdown Data by Application
5.1 Global Floating Wind Power Historic Market Size by Application (2019-2024)
5.2 Global Floating Wind Power Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Floating Wind Power Market Size (2019-2030)
6.2 North America Floating Wind Power Market Size by Type
6.2.1 North America Floating Wind Power Market Size by Type (2019-2024)
6.2.2 North America Floating Wind Power Market Size by Type (2025-2030)
6.2.3 North America Floating Wind Power Market Share by Type (2019-2030)
6.3 North America Floating Wind Power Market Size by Application
6.3.1 North America Floating Wind Power Market Size by Application (2019-2024)
6.3.2 North America Floating Wind Power Market Size by Application (2025-2030)
6.3.3 North America Floating Wind Power Market Share by Application (2019-2030)
6.4 North America Floating Wind Power Market Size by Country
6.4.1 North America Floating Wind Power Market Size by Country: 2019 VS 2023 VS 2030
6.4.2 North America Floating Wind Power Market Size by Country (2019-2024)
6.4.3 North America Floating Wind Power Market Size by Country (2025-2030)
6.4.4 United States
6.4.5 Canada
7 Europe
7.1 Europe Floating Wind Power Market Size (2019-2030)
7.2 Europe Floating Wind Power Market Size by Type
7.2.1 Europe Floating Wind Power Market Size by Type (2019-2024)
7.2.2 Europe Floating Wind Power Market Size by Type (2025-2030)
7.2.3 Europe Floating Wind Power Market Share by Type (2019-2030)
7.3 Europe Floating Wind Power Market Size by Application
7.3.1 Europe Floating Wind Power Market Size by Application (2019-2024)
7.3.2 Europe Floating Wind Power Market Size by Application (2025-2030)
7.3.3 Europe Floating Wind Power Market Share by Application (2019-2030)
7.4 Europe Floating Wind Power Market Size by Country
7.4.1 Europe Floating Wind Power Market Size by Country: 2019 VS 2023 VS 2030
7.4.2 Europe Floating Wind Power Market Size by Country (2019-2024)
7.4.3 Europe Floating Wind Power Market Size by Country (2025-2030)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic Countries
8 China
8.1 China Floating Wind Power Market Size (2019-2030)
8.2 China Floating Wind Power Market Size by Type
8.2.1 China Floating Wind Power Market Size by Type (2019-2024)
8.2.2 China Floating Wind Power Market Size by Type (2025-2030)
8.2.3 China Floating Wind Power Market Share by Type (2019-2030)
8.3 China Floating Wind Power Market Size by Application
8.3.1 China Floating Wind Power Market Size by Application (2019-2024)
8.3.2 China Floating Wind Power Market Size by Application (2025-2030)
8.3.3 China Floating Wind Power Market Share by Application (2019-2030)
9 Asia (excluding China)
9.1 Asia Floating Wind Power Market Size (2019-2030)
9.2 Asia Floating Wind Power Market Size by Type
9.2.1 Asia Floating Wind Power Market Size by Type (2019-2024)
9.2.2 Asia Floating Wind Power Market Size by Type (2025-2030)
9.2.3 Asia Floating Wind Power Market Share by Type (2019-2030)
9.3 Asia Floating Wind Power Market Size by Application
9.3.1 Asia Floating Wind Power Market Size by Application (2019-2024)
9.3.2 Asia Floating Wind Power Market Size by Application (2025-2030)
9.3.3 Asia Floating Wind Power Market Share by Application (2019-2030)
9.4 Asia Floating Wind Power Market Size by Region
9.4.1 Asia Floating Wind Power Market Size by Region: 2019 VS 2023 VS 2030
9.4.2 Asia Floating Wind Power Market Size by Region (2019-2024)
9.4.3 Asia Floating Wind Power Market Size by Region (2025-2030)
9.4.4 Japan
9.4.5 South Korea
9.4.6 China Taiwan
9.4.7 Southeast Asia
9.4.8 India
9.4.9 Australia
10 Middle East, Africa, and Latin America
10.1 Middle East, Africa, and Latin America Floating Wind Power Market Size (2019-2030)
10.2 Middle East, Africa, and Latin America Floating Wind Power Market Size by Type
10.2.1 Middle East, Africa, and Latin America Floating Wind Power Market Size by Type (2019-2024)
10.2.2 Middle East, Africa, and Latin America Floating Wind Power Market Size by Type (2025-2030)
10.2.3 Middle East, Africa, and Latin America Floating Wind Power Market Share by Type (2019-2030)
10.3 Middle East, Africa, and Latin America Floating Wind Power Market Size by Application
10.3.1 Middle East, Africa, and Latin America Floating Wind Power Market Size by Application (2019-2024)
10.3.2 Middle East, Africa, and Latin America Floating Wind Power Market Size by Application (2025-2030)
10.3.3 Middle East, Africa, and Latin America Floating Wind Power Market Share by Application (2019-2030)
10.4 Middle East, Africa, and Latin America Floating Wind Power Market Size by Country
10.4.1 Middle East, Africa, and Latin America Floating Wind Power Market Size by Country: 2019 VS 2023 VS 2030
10.4.2 Middle East, Africa, and Latin America Floating Wind Power Market Size by Country (2019-2024)
10.4.3 Middle East, Africa, and Latin America Floating Wind Power Market Size by Country (2025-2030)
10.4.4 Brazil
10.4.5 Mexico
10.4.6 Turkey
10.4.7 Saudi Arabia
10.4.8 Israel
10.4.9 GCC Countries
11 Key Players Profiles
11.1 Nordex
11.1.1 Nordex Company Details
11.1.2 Nordex Business Overview
11.1.3 Nordex Floating Wind Power Introduction
11.1.4 Nordex Revenue in Floating Wind Power Business (2019-2024)
11.1.5 Nordex Recent Developments
11.2 MHI Vestas Offshore Wind
11.2.1 MHI Vestas Offshore Wind Company Details
11.2.2 MHI Vestas Offshore Wind Business Overview
11.2.3 MHI Vestas Offshore Wind Floating Wind Power Introduction
11.2.4 MHI Vestas Offshore Wind Revenue in Floating Wind Power Business (2019-2024)
11.2.5 MHI Vestas Offshore Wind Recent Developments
11.3 GE
11.3.1 GE Company Details
11.3.2 GE Business Overview
11.3.3 GE Floating Wind Power Introduction
11.3.4 GE Revenue in Floating Wind Power Business (2019-2024)
11.3.5 GE Recent Developments
11.4 Siemens Gamesa Renewable Energy
11.4.1 Siemens Gamesa Renewable Energy Company Details
11.4.2 Siemens Gamesa Renewable Energy Business Overview
11.4.3 Siemens Gamesa Renewable Energy Floating Wind Power Introduction
11.4.4 Siemens Gamesa Renewable Energy Revenue in Floating Wind Power Business (2019-2024)
11.4.5 Siemens Gamesa Renewable Energy Recent Developments
11.5 Hitachi
11.5.1 Hitachi Company Details
11.5.2 Hitachi Business Overview
11.5.3 Hitachi Floating Wind Power Introduction
11.5.4 Hitachi Revenue in Floating Wind Power Business (2019-2024)
11.5.5 Hitachi Recent Developments
11.6 Envision Energy
11.6.1 Envision Energy Company Details
11.6.2 Envision Energy Business Overview
11.6.3 Envision Energy Floating Wind Power Introduction
11.6.4 Envision Energy Revenue in Floating Wind Power Business (2019-2024)
11.6.5 Envision Energy Recent Developments
11.7 ABB
11.7.1 ABB Company Details
11.7.2 ABB Business Overview
11.7.3 ABB Floating Wind Power Introduction
11.7.4 ABB Revenue in Floating Wind Power Business (2019-2024)
11.7.5 ABB Recent Developments
11.8 Suzlon Energy
11.8.1 Suzlon Energy Company Details
11.8.2 Suzlon Energy Business Overview
11.8.3 Suzlon Energy Floating Wind Power Introduction
11.8.4 Suzlon Energy Revenue in Floating Wind Power Business (2019-2024)
11.8.5 Suzlon Energy Recent Developments
11.9 GoldWind
11.9.1 GoldWind Company Details
11.9.2 GoldWind Business Overview
11.9.3 GoldWind Floating Wind Power Introduction
11.9.4 GoldWind Revenue in Floating Wind Power Business (2019-2024)
11.9.5 GoldWind Recent Developments
11.10 Ming Yang Smart Energy Group
11.10.1 Ming Yang Smart Energy Group Company Details
11.10.2 Ming Yang Smart Energy Group Business Overview
11.10.3 Ming Yang Smart Energy Group Floating Wind Power Introduction
11.10.4 Ming Yang Smart Energy Group Revenue in Floating Wind Power Business (2019-2024)
11.10.5 Ming Yang Smart Energy Group Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Nordex
MHI Vestas Offshore Wind
GE
Siemens Gamesa Renewable Energy
Hitachi
Envision Energy
ABB
Suzlon Energy
GoldWind
Ming Yang Smart Energy Group
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*If Applicable.