

The global Offshore Wind Power market size was US$ 27510 million in 2024 and is forecast to a readjusted size of US$ 84800 million by 2031 with a CAGR of 17.7% during the forecast period 2025-2031.
Offshore Wind Power is the generation of electricity from wind by constructing wind farms in water bodies. It is estimated to be one of the cheapest and cleanest forms of electricity generation. Offshore wind turbines are larger in size and have greater wind speed compared with onshore wind turbines. Offshore wind power offers various advantages compared with onshore wind power.
Germany is the largest Offshore Wind Power market with about 57% market share. Denmark is follower, accounting for about 12% market share.
The key players are Siemens, MHI Vestas, Senvion, Orano, BARD, Siemens(Gamesa), Hitachi, Sinovel, Shanghai Electric, Envision, Goldwind etc. Top 3 companies occupied about 73% market share.
The global Offshore Wind Power 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:
Siemens
MHI Vestas
Senvion
Orano
BARD
Siemens (Gamesa)
Hitachi
Sinovel
Shanghai Electric
Envision
Goldwind
By Type: (Dominant Segment vs High-Margin Innovation)
Monopiles
Gravity
Jacket
Tripods
Tripiles
Floating
By Application: (Core Demand Driver vs Emerging Opportunity)
Commercial
Demostration
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., Siemens in Europe)
- Emerging Product Trends: Monopiles adoption vs. Gravity premiumization
- Demand-Side Dynamics: Commercial growth in China vs. Demostration potential in North America
- Localized Consumer Needs: Regulatory hurdles in EU vs. price sensitivity in India
Focus Markets:
North America
Europe
China
Japan
Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Offshore Wind Power 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., Gravity in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Demostration 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 Offshore Wind Power value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Market Overview
1.1 Offshore Wind Power Product Scope
1.2 Offshore Wind Power by Type
1.2.1 Global Offshore Wind Power Sales by Type (2020 & 2024 & 2031)
1.2.2 Monopiles
1.2.3 Gravity
1.2.4 Jacket
1.2.5 Tripods
1.2.6 Tripiles
1.2.7 Floating
1.3 Offshore Wind Power by Application
1.3.1 Global Offshore Wind Power Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Commercial
1.3.3 Demostration
1.4 Global Offshore Wind Power Market Estimates and Forecasts (2020-2031)
1.4.1 Global Offshore Wind Power Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Offshore Wind Power Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Offshore Wind Power Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Offshore Wind Power Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Offshore Wind Power Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Offshore Wind Power Sales Market Share by Region (2020-2025)
2.2.2 Global Offshore Wind Power Revenue Market Share by Region (2020-2025)
2.3 Global Offshore Wind Power Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Offshore Wind Power Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Offshore Wind Power Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Offshore Wind Power Market Size and Prospective (2020-2031)
2.4.2 Europe Offshore Wind Power Market Size and Prospective (2020-2031)
2.4.3 China Offshore Wind Power Market Size and Prospective (2020-2031)
2.4.4 Japan Offshore Wind Power Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Offshore Wind Power Historic Market Review by Type (2020-2025)
3.1.1 Global Offshore Wind Power Sales by Type (2020-2025)
3.1.2 Global Offshore Wind Power Revenue by Type (2020-2025)
3.1.3 Global Offshore Wind Power Price by Type (2020-2025)
3.2 Global Offshore Wind Power Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Offshore Wind Power Sales Forecast by Type (2026-2031)
3.2.2 Global Offshore Wind Power Revenue Forecast by Type (2026-2031)
3.2.3 Global Offshore Wind Power Price Forecast by Type (2026-2031)
3.3 Different Types Offshore Wind Power Representative Players
4 Global Market Size by Application
4.1 Global Offshore Wind Power Historic Market Review by Application (2020-2025)
4.1.1 Global Offshore Wind Power Sales by Application (2020-2025)
4.1.2 Global Offshore Wind Power Revenue by Application (2020-2025)
4.1.3 Global Offshore Wind Power Price by Application (2020-2025)
4.2 Global Offshore Wind Power Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Offshore Wind Power Sales Forecast by Application (2026-2031)
4.2.2 Global Offshore Wind Power Revenue Forecast by Application (2026-2031)
4.2.3 Global Offshore Wind Power Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Offshore Wind Power Application
5 Competition Landscape by Players
5.1 Global Offshore Wind Power Sales by Players (2020-2025)
5.2 Global Top Offshore Wind Power Players by Revenue (2020-2025)
5.3 Global Offshore Wind Power Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Offshore Wind Power as of 2024)
5.4 Global Offshore Wind Power Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Offshore Wind Power, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Offshore Wind Power, Product Type & Application
5.7 Global Key Manufacturers of Offshore Wind Power, 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 Offshore Wind Power Sales by Company
6.1.1.1 North America Offshore Wind Power Sales by Company (2020-2025)
6.1.1.2 North America Offshore Wind Power Revenue by Company (2020-2025)
6.1.2 North America Offshore Wind Power Sales Breakdown by Type (2020-2025)
6.1.3 North America Offshore Wind Power Sales Breakdown by Application (2020-2025)
6.1.4 North America Offshore Wind Power 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 Offshore Wind Power Sales by Company
6.2.1.1 Europe Offshore Wind Power Sales by Company (2020-2025)
6.2.1.2 Europe Offshore Wind Power Revenue by Company (2020-2025)
6.2.2 Europe Offshore Wind Power Sales Breakdown by Type (2020-2025)
6.2.3 Europe Offshore Wind Power Sales Breakdown by Application (2020-2025)
6.2.4 Europe Offshore Wind Power Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Offshore Wind Power Sales by Company
6.3.1.1 China Offshore Wind Power Sales by Company (2020-2025)
6.3.1.2 China Offshore Wind Power Revenue by Company (2020-2025)
6.3.2 China Offshore Wind Power Sales Breakdown by Type (2020-2025)
6.3.3 China Offshore Wind Power Sales Breakdown by Application (2020-2025)
6.3.4 China Offshore Wind Power Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Offshore Wind Power Sales by Company
6.4.1.1 Japan Offshore Wind Power Sales by Company (2020-2025)
6.4.1.2 Japan Offshore Wind Power Revenue by Company (2020-2025)
6.4.2 Japan Offshore Wind Power Sales Breakdown by Type (2020-2025)
6.4.3 Japan Offshore Wind Power Sales Breakdown by Application (2020-2025)
6.4.4 Japan Offshore Wind Power Major Customer
6.4.5 Japan Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Siemens
7.1.1 Siemens Company Information
7.1.2 Siemens Business Overview
7.1.3 Siemens Offshore Wind Power Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Siemens Offshore Wind Power Products Offered
7.1.5 Siemens Recent Development
7.2 MHI Vestas
7.2.1 MHI Vestas Company Information
7.2.2 MHI Vestas Business Overview
7.2.3 MHI Vestas Offshore Wind Power Sales, Revenue and Gross Margin (2020-2025)
7.2.4 MHI Vestas Offshore Wind Power Products Offered
7.2.5 MHI Vestas Recent Development
7.3 Senvion
7.3.1 Senvion Company Information
7.3.2 Senvion Business Overview
7.3.3 Senvion Offshore Wind Power Sales, Revenue and Gross Margin (2020-2025)
7.3.4 Senvion Offshore Wind Power Products Offered
7.3.5 Senvion Recent Development
7.4 Orano
7.4.1 Orano Company Information
7.4.2 Orano Business Overview
7.4.3 Orano Offshore Wind Power Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Orano Offshore Wind Power Products Offered
7.4.5 Orano Recent Development
7.5 BARD
7.5.1 BARD Company Information
7.5.2 BARD Business Overview
7.5.3 BARD Offshore Wind Power Sales, Revenue and Gross Margin (2020-2025)
7.5.4 BARD Offshore Wind Power Products Offered
7.5.5 BARD Recent Development
7.6 Siemens (Gamesa)
7.6.1 Siemens (Gamesa) Company Information
7.6.2 Siemens (Gamesa) Business Overview
7.6.3 Siemens (Gamesa) Offshore Wind Power Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Siemens (Gamesa) Offshore Wind Power Products Offered
7.6.5 Siemens (Gamesa) Recent Development
7.7 Hitachi
7.7.1 Hitachi Company Information
7.7.2 Hitachi Business Overview
7.7.3 Hitachi Offshore Wind Power Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Hitachi Offshore Wind Power Products Offered
7.7.5 Hitachi Recent Development
7.8 Sinovel
7.8.1 Sinovel Company Information
7.8.2 Sinovel Business Overview
7.8.3 Sinovel Offshore Wind Power Sales, Revenue and Gross Margin (2020-2025)
7.8.4 Sinovel Offshore Wind Power Products Offered
7.8.5 Sinovel Recent Development
7.9 Shanghai Electric
7.9.1 Shanghai Electric Company Information
7.9.2 Shanghai Electric Business Overview
7.9.3 Shanghai Electric Offshore Wind Power Sales, Revenue and Gross Margin (2020-2025)
7.9.4 Shanghai Electric Offshore Wind Power Products Offered
7.9.5 Shanghai Electric Recent Development
7.10 Envision
7.10.1 Envision Company Information
7.10.2 Envision Business Overview
7.10.3 Envision Offshore Wind Power Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Envision Offshore Wind Power Products Offered
7.10.5 Envision Recent Development
7.11 Goldwind
7.11.1 Goldwind Company Information
7.11.2 Goldwind Business Overview
7.11.3 Goldwind Offshore Wind Power Sales, Revenue and Gross Margin (2020-2025)
7.11.4 Goldwind Offshore Wind Power Products Offered
7.11.5 Goldwind Recent Development
8 Offshore Wind Power Manufacturing Cost Analysis
8.1 Offshore Wind Power 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 Offshore Wind Power
8.4 Offshore Wind Power Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Offshore Wind Power Distributors List
9.3 Offshore Wind Power Customers
10 Offshore Wind Power Market Dynamics
10.1 Offshore Wind Power Industry Trends
10.2 Offshore Wind Power Market Drivers
10.3 Offshore Wind Power Market Challenges
10.4 Offshore Wind Power 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
Siemens
MHI Vestas
Senvion
Orano
BARD
Siemens (Gamesa)
Hitachi
Sinovel
Shanghai Electric
Envision
Goldwind
Ìý
Ìý
*If Applicable.