Offshore Wind Turbine Market Size, Share & Trends Analysis Report, By Capacity (Up to 3 MW, 3 MW–5 MW, Above 5 MW), By Water Depth (Shallow Water (<30 M Depth), Transitional Water (30-60 M Depth), Deepwater), By Region, And Segment Forecasts, 2025 - 2030
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Offshore Wind Turbine Market Growth & Trends
The global offshore wind turbine market size is anticipated to reach USD 38.13 billion by 2030 and is anticipated to expand at a CAGR of 11.5% during the forecast period, according to a new report by Grand View Research, Inc. The market is driven by the increasing focus on reducing the global carbon footprint and the rising demand for renewable energy sources. Governments and electrical companies are boosting their efforts to cut carbon emissions, which is a significant factor driving market growth.
The offshore wind turbine market is experiencing a trend of industrial expansion, including within the wind power sector, to overcome the growing need for clean, affordable, and diverse electricity. Offshore wind energy is a crucial clean energy solution for large communities seeking more energy from clean sources, and decreasing costs are making it a more accessible option.
The increasing development and deployment of floating offshore wind turbine technology. Floating offshore wind turbine technology is rapidly gaining attraction in the global renewable energy sector, offering a viable solution for utilizing wind power in deep waters where traditional fixed turbines are impractical. This innovation is opening up new markets and investment opportunities for energy companies, infrastructure developers, and supply chain partners. For instance, in October 2023, SBM Offshore successfully installed three floating wind units for the Provence Grand Large pilot project off the coast of France, marking a key milestone in their engineering and installation efforts. This 25 MW pilot farm, using advanced tension leg floaters with 8.4 MW turbines, is expected to generate enough electricity to power 45,000 homes, showcasing SBM offshore’s commitment to clean energy and innovation.
Offshore Wind Turbine Market Report Highlights
General Electric Company
Equinor ASA
Iberdrola, S.A.
Mitsubishi Heavy Industries, Ltd
Goldwind
Naval Group
Nordex SE
Siemens
ABB
MODEC, Inc.
Offshore Wind Turbine Market Growth & Trends
The global offshore wind turbine market size is anticipated to reach USD 38.13 billion by 2030 and is anticipated to expand at a CAGR of 11.5% during the forecast period, according to a new report by Grand View Research, Inc. The market is driven by the increasing focus on reducing the global carbon footprint and the rising demand for renewable energy sources. Governments and electrical companies are boosting their efforts to cut carbon emissions, which is a significant factor driving market growth.
The offshore wind turbine market is experiencing a trend of industrial expansion, including within the wind power sector, to overcome the growing need for clean, affordable, and diverse electricity. Offshore wind energy is a crucial clean energy solution for large communities seeking more energy from clean sources, and decreasing costs are making it a more accessible option.
The increasing development and deployment of floating offshore wind turbine technology. Floating offshore wind turbine technology is rapidly gaining attraction in the global renewable energy sector, offering a viable solution for utilizing wind power in deep waters where traditional fixed turbines are impractical. This innovation is opening up new markets and investment opportunities for energy companies, infrastructure developers, and supply chain partners. For instance, in October 2023, SBM Offshore successfully installed three floating wind units for the Provence Grand Large pilot project off the coast of France, marking a key milestone in their engineering and installation efforts. This 25 MW pilot farm, using advanced tension leg floaters with 8.4 MW turbines, is expected to generate enough electricity to power 45,000 homes, showcasing SBM offshore’s commitment to clean energy and innovation.
Offshore Wind Turbine Market Report Highlights
- In terms of capacity, the above 5 MW segment dominated the market in 2024 with the largest revenue share of over 40% in 2024 and is expected to grow at the fastest CAGR over the forecast period due to advanced capacity and low costs. Higher power rating turbines are in high demand to make offshore wind turbine power generation more energy-efficient and economically sustainable.
- The shallow water (<30 M Depth) is expected to grow at the fastest CAGR over the forecast period owing to advancements in wind technology and increased investment in the development of floating wind turbines.
- Europe dominated the market in terms of revenue in 2024. The EU countries are primarily focusing on upgrading their aging electrical infrastructure, and their governments are promoting renewable energy generation and ambitious targets. These factors are likely to contribute to the growth of the market
- Asia Pacific is expected to grow at the fastest CAGR over the forecast period. With an increasing focus on sustainable energy sources around the world, offshore wind power has emerged as a lucrative alternative for a variety of countries, including China, India, and Japan, driving regional market growth.
General Electric Company
Equinor ASA
Iberdrola, S.A.
Mitsubishi Heavy Industries, Ltd
Goldwind
Naval Group
Nordex SE
Siemens
ABB
MODEC, Inc.
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Capacity
1.2.2. Water Depth
1.2.3. Regional scope
1.2.4. Estimates and forecasts timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased database
1.4.2. GVR’s internal database
1.4.3. Secondary sources
1.4.4. Primary research
1.4.5. Details of primary research
1.5. Information or Data Analysis
1.5.1. Data analysis models
1.6. Market Formulation & Validation
1.7. Model Details
1.8. List of Secondary Sources
1.9. List of Primary Sources
1.10. Objectives
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Capacity outlook
2.2.2. Water Depth outlook
2.2.3. Regional outlook
2.3. Competitive Insights
CHAPTER 3. OFFSHORE WIND TURBINE MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.2. Market restraint analysis
3.3. Offshore Wind Turbine Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier power
3.3.1.2. Buyer power
3.3.1.3. Substitution threat
3.3.1.4. Threat of new entrant
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Technological landscape
3.3.2.3. Economic landscape
CHAPTER 4. OFFSHORE WIND TURBINE MARKET: CAPACITY ESTIMATES & TREND ANALYSIS
4.1. Capacity Segment Dashboard
4.2. Offshore Wind Turbine Market: Capacity Movement Analysis
4.3. Global Offshore Wind Turbine Market Size & Trend Analysis, by Capacity, 2018 to 2030 (USD Million)
4.4. Up to 3 MW
4.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.5. 3 MW to 5 MW
4.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.6. Above 5 MW
4.6.1. Market estimates and forecasts 2018 to 2030 (USD Million)
CHAPTER 5. OFFSHORE WIND TURBINE MARKET: WATER DEPTH ESTIMATES & TREND ANALYSIS
5.1. Water Depth Segment Dashboard
5.2. Offshore Wind Turbine Market: Water Depth Movement Analysis
5.3. Global Offshore Wind Turbine Market Size & Trend Analysis, by Water Depth, 2018 to 2030 (USD Million)
5.4. Shallow Water (<30 M Depth)
5.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.5. Transitional Water (30-60 M Depth)
5.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.6. Deepwater (More than 60 M Depth)
5.6.1. Market estimates and forecasts 2018 to 2030 (USD Million)
CHAPTER 6. OFFSHORE WIND TURBINE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Regional Market Dashboard
6.2. Regional Market Share Analysis, 2024 & 2030
6.3. Continuous bioprocessing market by Region: Key Takeaways
6.4. North America
6.4.1. U.S.
6.4.1.1. Key country dynamics
6.4.1.2. Regulatory framework/ reimbursement structure
6.4.1.3. Competitive scenario
6.4.1.4. U.S. market estimates and forecasts 2018 to 2030 (USD Million)
6.4.2. Canada
6.4.2.1. Key country dynamics
6.4.2.2. Regulatory framework/ reimbursement structure
6.4.2.3. Competitive scenario
6.4.2.4. Canada market estimates and forecasts 2018 to 2030 (USD Million)
6.4.3. Mexico
6.4.3.1. Key country dynamics
6.4.3.2. Regulatory framework/ reimbursement structure
6.4.3.3. Competitive scenario
6.4.3.4. Mexico market estimates and forecasts 2018 to 2030 (USD Million)
6.5. Europe
6.5.1. UK
6.5.1.1. Key country dynamics
6.5.1.2. Regulatory framework/ reimbursement structure
6.5.1.3. Competitive scenario
6.5.1.4. UK market estimates and forecasts 2018 to 2030 (USD Million)
6.5.2. Germany
6.5.2.1. Key country dynamics
6.5.2.2. Regulatory framework/ reimbursement structure
6.5.2.3. Competitive scenario
6.5.2.4. Germany market estimates and forecasts 2018 to 2030 (USD Million)
6.5.3. France
6.5.3.1. Key country dynamics
6.5.3.2. Regulatory framework/ reimbursement structure
6.5.3.3. Competitive scenario
6.5.3.4. France market estimates and forecasts 2018 to 2030 (USD Million)
6.5.4. Italy
6.5.4.1. Key country dynamics
6.5.4.2. Regulatory framework/ reimbursement structure
6.5.4.3. Competitive scenario
6.5.4.4. Italy market estimates and forecasts 2018 to 2030 (USD Million)
6.5.5. Spain
6.5.5.1. Key country dynamics
6.5.5.2. Regulatory framework/ reimbursement structure
6.5.5.3. Competitive scenario
6.5.5.4. Spain market estimates and forecasts 2018 to 2030 (USD Million)
6.5.6. The Netherlands
6.5.6.1. Key country dynamics
6.5.6.2. Regulatory framework/ reimbursement structure
6.5.6.3. Competitive scenario
6.5.6.4. The Netherlands market estimates and forecasts 2018 to 2030 (USD Million)
6.5.7. Denmark
6.5.7.1. Key country dynamics
6.5.7.2. Regulatory framework/ reimbursement structure
6.5.7.3. Competitive scenario
6.5.7.4. Denmark market estimates and forecasts 2018 to 2030 (USD Million)
6.6. Asia Pacific
6.6.1. Japan
6.6.1.1. Key country dynamics
6.6.1.2. Regulatory framework/ reimbursement structure
6.6.1.3. Competitive scenario
6.6.1.4. Japan market estimates and forecasts 2018 to 2030 (USD Million)
6.6.2. China
6.6.2.1. Key country dynamics
6.6.2.2. Regulatory framework/ reimbursement structure
6.6.2.3. Competitive scenario
6.6.2.4. China market estimates and forecasts 2018 to 2030 (USD Million)
6.6.3. India
6.6.3.1. Key country dynamics
6.6.3.2. Regulatory framework/ reimbursement structure
6.6.3.3. Competitive scenario
6.6.3.4. India market estimates and forecasts 2018 to 2030 (USD Million)
6.6.4. South Korea
6.6.4.1. Key country dynamics
6.6.4.2. Regulatory framework/ reimbursement structure
6.6.4.3. Competitive scenario
6.6.4.4. South Korea market estimates and forecasts 2018 to 2030 (USD Million)
6.6.5. Indonesia
6.6.5.1. Key country dynamics
6.6.5.2. Regulatory framework/ reimbursement structure
6.6.5.3. Competitive scenario
6.6.5.4. Indonesia market estimates and forecasts 2018 to 2030 (USD Million)
6.6.6. Thailand
6.6.6.1. Key country dynamics
6.6.6.2. Regulatory framework/ reimbursement structure
6.6.6.3. Competitive scenario
6.6.6.4. Thailand market estimates and forecasts 2018 to 2030 (USD Million)
6.7. Latin America
6.7.1. Brazil
6.7.1.1. Key country dynamics
6.7.1.2. Regulatory framework/ reimbursement structure
6.7.1.3. Competitive scenario
6.7.1.4. Brazil market estimates and forecasts 2018 to 2030 (USD Million)
6.7.2. Argentina
6.7.2.1. Key country dynamics
6.7.2.2. Regulatory framework/ reimbursement structure
6.7.2.3. Competitive scenario
6.7.2.4. Argentina market estimates and forecasts 2018 to 2030 (USD Million)
6.8. MEA
6.8.1. South Africa
6.8.1.1. Key country dynamics
6.8.1.2. Regulatory framework/ reimbursement structure
6.8.1.3. Competitive scenario
6.8.1.4. South Africa market estimates and forecasts 2018 to 2030 (USD Million)
6.8.2. Saudi Arabia
6.8.2.1. Key country dynamics
6.8.2.2. Regulatory framework/ reimbursement structure
6.8.2.3. Competitive scenario
6.8.2.4. Saudi Arabia market estimates and forecasts 2018 to 2030 (USD Million)
6.8.3. UAE
6.8.3.1. Key country dynamics
6.8.3.2. Regulatory framework/ reimbursement structure
6.8.3.3. Competitive scenario
6.8.3.4. UAE market estimates and forecasts 2018 to 2030 (USD Million)
CHAPTER 7. COMPETITIVE LANDSCAPE
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company/Competition Categorization
7.3. Vendor Landscape
7.3.1. Key company heat map analysis, 2024
7.4. Company Profiles
7.4.1. General Electric
7.4.1.1. Company overview
7.4.1.2. Financial performance
7.4.1.3. Product benchmarking
7.4.1.4. Strategic initiatives
7.4.2. Equinor ASA
7.4.2.1. Company overview
7.4.2.2. Financial performance
7.4.2.3. Product benchmarking
7.4.2.4. Strategic initiatives
7.4.3. Iberdrola, S.A.
7.4.3.1. Company overview
7.4.3.2. Financial performance
7.4.3.3. Product benchmarking
7.4.3.4. Strategic initiatives
7.4.4. Mitsubishi Heavy Industries, Ltd
7.4.4.1. Company overview
7.4.4.2. Financial performance
7.4.4.3. Product benchmarking
7.4.4.4. Strategic initiatives
7.4.5. Goldwind
7.4.5.1. Company overview
7.4.5.2. Financial performance
7.4.5.3. Product benchmarking
7.4.5.4. Strategic initiatives
7.4.6. Naval Group
7.4.6.1. Company overview
7.4.6.2. Financial performance
7.4.6.3. Product benchmarking
7.4.6.4. Strategic initiatives
7.4.7. Nordex SE
7.4.7.1. Company overview
7.4.7.2. Financial performance
7.4.7.3. Product benchmarking
7.4.7.4. Strategic initiatives
7.4.8. Siemens
7.4.8.1. Company overview
7.4.8.2. Financial performance
7.4.8.3. Product benchmarking
7.4.8.4. Strategic initiatives
7.4.9. ABB
7.4.9.1. Company overview
7.4.9.2. Financial performance
7.4.9.3. Product benchmarking
7.4.9.4. Strategic initiatives
7.4.10. MODEC, Inc.
7.4.10.1. Company overview
7.4.10.2. Financial performance
7.4.10.3. Product benchmarking
7.4.10.4. Strategic initiatives
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Capacity
1.2.2. Water Depth
1.2.3. Regional scope
1.2.4. Estimates and forecasts timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased database
1.4.2. GVR’s internal database
1.4.3. Secondary sources
1.4.4. Primary research
1.4.5. Details of primary research
1.5. Information or Data Analysis
1.5.1. Data analysis models
1.6. Market Formulation & Validation
1.7. Model Details
1.8. List of Secondary Sources
1.9. List of Primary Sources
1.10. Objectives
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Capacity outlook
2.2.2. Water Depth outlook
2.2.3. Regional outlook
2.3. Competitive Insights
CHAPTER 3. OFFSHORE WIND TURBINE MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.2. Market restraint analysis
3.3. Offshore Wind Turbine Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier power
3.3.1.2. Buyer power
3.3.1.3. Substitution threat
3.3.1.4. Threat of new entrant
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Technological landscape
3.3.2.3. Economic landscape
CHAPTER 4. OFFSHORE WIND TURBINE MARKET: CAPACITY ESTIMATES & TREND ANALYSIS
4.1. Capacity Segment Dashboard
4.2. Offshore Wind Turbine Market: Capacity Movement Analysis
4.3. Global Offshore Wind Turbine Market Size & Trend Analysis, by Capacity, 2018 to 2030 (USD Million)
4.4. Up to 3 MW
4.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.5. 3 MW to 5 MW
4.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.6. Above 5 MW
4.6.1. Market estimates and forecasts 2018 to 2030 (USD Million)
CHAPTER 5. OFFSHORE WIND TURBINE MARKET: WATER DEPTH ESTIMATES & TREND ANALYSIS
5.1. Water Depth Segment Dashboard
5.2. Offshore Wind Turbine Market: Water Depth Movement Analysis
5.3. Global Offshore Wind Turbine Market Size & Trend Analysis, by Water Depth, 2018 to 2030 (USD Million)
5.4. Shallow Water (<30 M Depth)
5.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.5. Transitional Water (30-60 M Depth)
5.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.6. Deepwater (More than 60 M Depth)
5.6.1. Market estimates and forecasts 2018 to 2030 (USD Million)
CHAPTER 6. OFFSHORE WIND TURBINE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Regional Market Dashboard
6.2. Regional Market Share Analysis, 2024 & 2030
6.3. Continuous bioprocessing market by Region: Key Takeaways
6.4. North America
6.4.1. U.S.
6.4.1.1. Key country dynamics
6.4.1.2. Regulatory framework/ reimbursement structure
6.4.1.3. Competitive scenario
6.4.1.4. U.S. market estimates and forecasts 2018 to 2030 (USD Million)
6.4.2. Canada
6.4.2.1. Key country dynamics
6.4.2.2. Regulatory framework/ reimbursement structure
6.4.2.3. Competitive scenario
6.4.2.4. Canada market estimates and forecasts 2018 to 2030 (USD Million)
6.4.3. Mexico
6.4.3.1. Key country dynamics
6.4.3.2. Regulatory framework/ reimbursement structure
6.4.3.3. Competitive scenario
6.4.3.4. Mexico market estimates and forecasts 2018 to 2030 (USD Million)
6.5. Europe
6.5.1. UK
6.5.1.1. Key country dynamics
6.5.1.2. Regulatory framework/ reimbursement structure
6.5.1.3. Competitive scenario
6.5.1.4. UK market estimates and forecasts 2018 to 2030 (USD Million)
6.5.2. Germany
6.5.2.1. Key country dynamics
6.5.2.2. Regulatory framework/ reimbursement structure
6.5.2.3. Competitive scenario
6.5.2.4. Germany market estimates and forecasts 2018 to 2030 (USD Million)
6.5.3. France
6.5.3.1. Key country dynamics
6.5.3.2. Regulatory framework/ reimbursement structure
6.5.3.3. Competitive scenario
6.5.3.4. France market estimates and forecasts 2018 to 2030 (USD Million)
6.5.4. Italy
6.5.4.1. Key country dynamics
6.5.4.2. Regulatory framework/ reimbursement structure
6.5.4.3. Competitive scenario
6.5.4.4. Italy market estimates and forecasts 2018 to 2030 (USD Million)
6.5.5. Spain
6.5.5.1. Key country dynamics
6.5.5.2. Regulatory framework/ reimbursement structure
6.5.5.3. Competitive scenario
6.5.5.4. Spain market estimates and forecasts 2018 to 2030 (USD Million)
6.5.6. The Netherlands
6.5.6.1. Key country dynamics
6.5.6.2. Regulatory framework/ reimbursement structure
6.5.6.3. Competitive scenario
6.5.6.4. The Netherlands market estimates and forecasts 2018 to 2030 (USD Million)
6.5.7. Denmark
6.5.7.1. Key country dynamics
6.5.7.2. Regulatory framework/ reimbursement structure
6.5.7.3. Competitive scenario
6.5.7.4. Denmark market estimates and forecasts 2018 to 2030 (USD Million)
6.6. Asia Pacific
6.6.1. Japan
6.6.1.1. Key country dynamics
6.6.1.2. Regulatory framework/ reimbursement structure
6.6.1.3. Competitive scenario
6.6.1.4. Japan market estimates and forecasts 2018 to 2030 (USD Million)
6.6.2. China
6.6.2.1. Key country dynamics
6.6.2.2. Regulatory framework/ reimbursement structure
6.6.2.3. Competitive scenario
6.6.2.4. China market estimates and forecasts 2018 to 2030 (USD Million)
6.6.3. India
6.6.3.1. Key country dynamics
6.6.3.2. Regulatory framework/ reimbursement structure
6.6.3.3. Competitive scenario
6.6.3.4. India market estimates and forecasts 2018 to 2030 (USD Million)
6.6.4. South Korea
6.6.4.1. Key country dynamics
6.6.4.2. Regulatory framework/ reimbursement structure
6.6.4.3. Competitive scenario
6.6.4.4. South Korea market estimates and forecasts 2018 to 2030 (USD Million)
6.6.5. Indonesia
6.6.5.1. Key country dynamics
6.6.5.2. Regulatory framework/ reimbursement structure
6.6.5.3. Competitive scenario
6.6.5.4. Indonesia market estimates and forecasts 2018 to 2030 (USD Million)
6.6.6. Thailand
6.6.6.1. Key country dynamics
6.6.6.2. Regulatory framework/ reimbursement structure
6.6.6.3. Competitive scenario
6.6.6.4. Thailand market estimates and forecasts 2018 to 2030 (USD Million)
6.7. Latin America
6.7.1. Brazil
6.7.1.1. Key country dynamics
6.7.1.2. Regulatory framework/ reimbursement structure
6.7.1.3. Competitive scenario
6.7.1.4. Brazil market estimates and forecasts 2018 to 2030 (USD Million)
6.7.2. Argentina
6.7.2.1. Key country dynamics
6.7.2.2. Regulatory framework/ reimbursement structure
6.7.2.3. Competitive scenario
6.7.2.4. Argentina market estimates and forecasts 2018 to 2030 (USD Million)
6.8. MEA
6.8.1. South Africa
6.8.1.1. Key country dynamics
6.8.1.2. Regulatory framework/ reimbursement structure
6.8.1.3. Competitive scenario
6.8.1.4. South Africa market estimates and forecasts 2018 to 2030 (USD Million)
6.8.2. Saudi Arabia
6.8.2.1. Key country dynamics
6.8.2.2. Regulatory framework/ reimbursement structure
6.8.2.3. Competitive scenario
6.8.2.4. Saudi Arabia market estimates and forecasts 2018 to 2030 (USD Million)
6.8.3. UAE
6.8.3.1. Key country dynamics
6.8.3.2. Regulatory framework/ reimbursement structure
6.8.3.3. Competitive scenario
6.8.3.4. UAE market estimates and forecasts 2018 to 2030 (USD Million)
CHAPTER 7. COMPETITIVE LANDSCAPE
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company/Competition Categorization
7.3. Vendor Landscape
7.3.1. Key company heat map analysis, 2024
7.4. Company Profiles
7.4.1. General Electric
7.4.1.1. Company overview
7.4.1.2. Financial performance
7.4.1.3. Product benchmarking
7.4.1.4. Strategic initiatives
7.4.2. Equinor ASA
7.4.2.1. Company overview
7.4.2.2. Financial performance
7.4.2.3. Product benchmarking
7.4.2.4. Strategic initiatives
7.4.3. Iberdrola, S.A.
7.4.3.1. Company overview
7.4.3.2. Financial performance
7.4.3.3. Product benchmarking
7.4.3.4. Strategic initiatives
7.4.4. Mitsubishi Heavy Industries, Ltd
7.4.4.1. Company overview
7.4.4.2. Financial performance
7.4.4.3. Product benchmarking
7.4.4.4. Strategic initiatives
7.4.5. Goldwind
7.4.5.1. Company overview
7.4.5.2. Financial performance
7.4.5.3. Product benchmarking
7.4.5.4. Strategic initiatives
7.4.6. Naval Group
7.4.6.1. Company overview
7.4.6.2. Financial performance
7.4.6.3. Product benchmarking
7.4.6.4. Strategic initiatives
7.4.7. Nordex SE
7.4.7.1. Company overview
7.4.7.2. Financial performance
7.4.7.3. Product benchmarking
7.4.7.4. Strategic initiatives
7.4.8. Siemens
7.4.8.1. Company overview
7.4.8.2. Financial performance
7.4.8.3. Product benchmarking
7.4.8.4. Strategic initiatives
7.4.9. ABB
7.4.9.1. Company overview
7.4.9.2. Financial performance
7.4.9.3. Product benchmarking
7.4.9.4. Strategic initiatives
7.4.10. MODEC, Inc.
7.4.10.1. Company overview
7.4.10.2. Financial performance
7.4.10.3. Product benchmarking
7.4.10.4. Strategic initiatives
LIST OF TABLES
Table 1 List of abbreviations
Table 2 Global offshore wind turbine market, by region, 2018 - 2030 (USD Million)
Table 3 Global offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 4 Global offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 5 North America offshore wind turbine market, by country, 2018 - 2030 (USD Million)
Table 6 North America offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 7 North America offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 8 U.S. offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 9 U.S. offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 10 Canada offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 11 Canada offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 12 Mexico offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 13 Mexico surgical ablation market, by water depth, 2018 - 2030 (USD Million)
Table 14 Europe offshore wind turbine market, by country, 2018 - 2030 (USD Million)
Table 15 Europe offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 16 Europe offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 17 Germany offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 18 Germany offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 19 UK offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 20 UK offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 21 Italy offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 22 Italy offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 23 Spain offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 24 Spain offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 25 The Netherlands offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 26 The Netherlands offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 27 Asia Pacific offshore wind turbine market, by country, 2018 - 2030 (USD Million)
Table 28 Asia Pacific offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 29 Asia Pacific offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 30 China offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 31 China offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 32 Japan offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 33 Japan offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 34 India offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 35 India offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 36 South Korea offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 37 South Korea offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 38 Indonesia offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 39 Indonesia offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 40 Thailand offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 41 Thailand offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 42 Latin America offshore wind turbine market, by country, 2018 - 2030 (USD Million)
Table 43 Latin America offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 44 Latin America offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 45 Brazil offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 46 Brazil surgical ablation market, by water depth, 2018 - 2030 (USD Million)
Table 47 Argentina offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 48 Argentina surgical ablation market, by water depth, 2018 - 2030 (USD Million)
Table 49 MEA offshore wind turbine market, by region, 2018 - 2030 (USD Million)
Table 50 MEA offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 51 MEA offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 52 South Africa offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 53 South Africa offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 54 Saudi Arabia offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 55 Saudi Arabia offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 56 UAE offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 57 UAE offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 1 List of abbreviations
Table 2 Global offshore wind turbine market, by region, 2018 - 2030 (USD Million)
Table 3 Global offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 4 Global offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 5 North America offshore wind turbine market, by country, 2018 - 2030 (USD Million)
Table 6 North America offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 7 North America offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 8 U.S. offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 9 U.S. offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 10 Canada offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 11 Canada offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 12 Mexico offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 13 Mexico surgical ablation market, by water depth, 2018 - 2030 (USD Million)
Table 14 Europe offshore wind turbine market, by country, 2018 - 2030 (USD Million)
Table 15 Europe offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 16 Europe offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 17 Germany offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 18 Germany offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 19 UK offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 20 UK offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 21 Italy offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 22 Italy offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 23 Spain offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 24 Spain offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 25 The Netherlands offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 26 The Netherlands offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 27 Asia Pacific offshore wind turbine market, by country, 2018 - 2030 (USD Million)
Table 28 Asia Pacific offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 29 Asia Pacific offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 30 China offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 31 China offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 32 Japan offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 33 Japan offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 34 India offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 35 India offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 36 South Korea offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 37 South Korea offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 38 Indonesia offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 39 Indonesia offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 40 Thailand offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 41 Thailand offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 42 Latin America offshore wind turbine market, by country, 2018 - 2030 (USD Million)
Table 43 Latin America offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 44 Latin America offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 45 Brazil offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 46 Brazil surgical ablation market, by water depth, 2018 - 2030 (USD Million)
Table 47 Argentina offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 48 Argentina surgical ablation market, by water depth, 2018 - 2030 (USD Million)
Table 49 MEA offshore wind turbine market, by region, 2018 - 2030 (USD Million)
Table 50 MEA offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 51 MEA offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 52 South Africa offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 53 South Africa offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 54 Saudi Arabia offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 55 Saudi Arabia offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
Table 56 UAE offshore wind turbine market, by capacity, 2018 - 2030 (USD Million)
Table 57 UAE offshore wind turbine market, by water depth, 2018 - 2030 (USD Million)
LIST OF FIGURES
Fig. 1 Market Research Process
Fig. 2 Data Triangulation Techniques
Fig. 3 Primary Research Pattern
Fig. 4 Market Research Approaches
Fig. 5 QFD Modeling for Market Share Assessment
Fig. 6 Information Procurement
Fig. 7 Market Formulation and Validation
Fig. 8 Data Validating & Publishing
Fig. 9 Market Segmentation & Scope
Fig. 10 Offshore Wind Turbine Market Snapshot
Fig. 11 Capacity Segment Snapshot
Fig. 12 Device Segment Snapshot
Fig. 13 Water Depth Segment Snapshot
Fig. 14 Competitive Landscape Snapshot
Fig. 15 Parent market outlook
Fig. 16 Offshore Wind Turbine Market Value, 2023 (USD Million)
Fig. 17 Offshore Wind Turbine Market - Value Chain Analysis
Fig. 18 Offshore Wind Turbine Market - Market Dynamics
Fig. 19 Offshore Wind Turbine Market - PORTER’s Analysis
Fig. 20 Offshore Wind Turbine Market - PESTEL Analysis
Fig. 21 Offshore Wind Turbine Market Estimates & Forecasts, By Capacity: Key Takeaways
Fig. 22 Offshore Wind Turbine Market Share, by Capacity, 2022 & 2030
Fig. 23 Up to 3MW Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 24 3MW to 5MW Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 25 Above 5 MW Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 26 Offshore Wind Turbine Market Estimates & Forecasts, by Water Depth: Key Takeaways
Fig. 27 Offshore Wind Turbine Market Share, By Water Depth, 2023 & 2030
Fig. 28 Offshore Wind Turbine Market Estimates & Forecasts, by shallow water (<30 M Depth), 2018 - 2030 (USD Million)
Fig. 29 Offshore Wind Turbine Market Estimates & Forecasts, by transitional water (30-60 M Depth), 2018 - 2030 (USD Million)
Fig. 30 Offshore Wind Turbine Market Estimates & Forecasts, by deepwater (more than 60 M depth), 2018 - 2030 (USD Million)
Fig. 31 Offshore Wind Turbine Market Revenue, By Region, 2023 & 2030 (USD Million)
Fig. 32 North America Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 33 U.S. Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 34 Canada Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 35 Mexico Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 36 Europe Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 37 Germany Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 38 France Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 39 UK Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 40 Spain Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 41 Italy Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 42 Spain Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 43 The Netherlands Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 44 Denmark Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 45 Asia Pacific Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 46 China Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 47 Japan Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 48 South Korea Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 49 India Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 50 Indonesia Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 51 Thailand Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 52 Latin America Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 53 Brazil Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 54 Argentina Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 55 Middle East & Africa Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 56 South Africa Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 57 Saudi Arabia Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 58 UAE Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 59 Key Company Categorization
Fig. 60 Company Market Positioning
Fig. 61 Key Company Market Share Analysis, 2023
Fig. 62 Strategy Mapping
Fig. 1 Market Research Process
Fig. 2 Data Triangulation Techniques
Fig. 3 Primary Research Pattern
Fig. 4 Market Research Approaches
Fig. 5 QFD Modeling for Market Share Assessment
Fig. 6 Information Procurement
Fig. 7 Market Formulation and Validation
Fig. 8 Data Validating & Publishing
Fig. 9 Market Segmentation & Scope
Fig. 10 Offshore Wind Turbine Market Snapshot
Fig. 11 Capacity Segment Snapshot
Fig. 12 Device Segment Snapshot
Fig. 13 Water Depth Segment Snapshot
Fig. 14 Competitive Landscape Snapshot
Fig. 15 Parent market outlook
Fig. 16 Offshore Wind Turbine Market Value, 2023 (USD Million)
Fig. 17 Offshore Wind Turbine Market - Value Chain Analysis
Fig. 18 Offshore Wind Turbine Market - Market Dynamics
Fig. 19 Offshore Wind Turbine Market - PORTER’s Analysis
Fig. 20 Offshore Wind Turbine Market - PESTEL Analysis
Fig. 21 Offshore Wind Turbine Market Estimates & Forecasts, By Capacity: Key Takeaways
Fig. 22 Offshore Wind Turbine Market Share, by Capacity, 2022 & 2030
Fig. 23 Up to 3MW Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 24 3MW to 5MW Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 25 Above 5 MW Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 26 Offshore Wind Turbine Market Estimates & Forecasts, by Water Depth: Key Takeaways
Fig. 27 Offshore Wind Turbine Market Share, By Water Depth, 2023 & 2030
Fig. 28 Offshore Wind Turbine Market Estimates & Forecasts, by shallow water (<30 M Depth), 2018 - 2030 (USD Million)
Fig. 29 Offshore Wind Turbine Market Estimates & Forecasts, by transitional water (30-60 M Depth), 2018 - 2030 (USD Million)
Fig. 30 Offshore Wind Turbine Market Estimates & Forecasts, by deepwater (more than 60 M depth), 2018 - 2030 (USD Million)
Fig. 31 Offshore Wind Turbine Market Revenue, By Region, 2023 & 2030 (USD Million)
Fig. 32 North America Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 33 U.S. Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 34 Canada Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 35 Mexico Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 36 Europe Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 37 Germany Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 38 France Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 39 UK Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 40 Spain Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 41 Italy Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 42 Spain Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 43 The Netherlands Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 44 Denmark Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 45 Asia Pacific Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 46 China Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 47 Japan Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 48 South Korea Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 49 India Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 50 Indonesia Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 51 Thailand Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 52 Latin America Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 53 Brazil Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 54 Argentina Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 55 Middle East & Africa Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 56 South Africa Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 57 Saudi Arabia Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 58 UAE Offshore Wind Turbine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 59 Key Company Categorization
Fig. 60 Company Market Positioning
Fig. 61 Key Company Market Share Analysis, 2023
Fig. 62 Strategy Mapping
