Offshore Wind Energy Market Revenue, Demand, Share, Size | Global Industry Analysis and Research Report 2027

September 7, 2021

Technological advancements of offshore wind energy projects, rapid industrialization & urbanization, and the rising demand for electricity in the developing economies are driving the demand of the market.

Market Size – USD 36.20 billion in 2019, Market Growth – CAGR of 15.2%, Market Trends – Decreasing Offshore auction prices

The report provides detailed insights into Offshore Wind Energy market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Offshore Wind Energy market size over the forecast period, 2024–2028. The report includes profiles of major players in the Offshore Wind Energy market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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Global Offshore Wind Energy market revenue growth is primarily driven by a variety of factors and trends, some of which include rising focus by major companies on product/service expansion into new and untapped domestic and international markets, rising investments in strategic agreements and mergers, and rapidly growing competition in the Offshore Wind Energy market.

Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Offshore Wind Energy market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Offshore Wind Energy market revenue growth to a significant extent over the forecast period.

Top key vendors in Offshore Wind Energy Market include are:

Key participants include Vestas, General Electric Company, Adwen, Doosan Heavy Industries and Construction Co., Ltd, Siemens Gamesa Renewable Energy, S.A., Senvion SA, Sinovel Wind Group Co., ABB, Ltd., Nexans S.A., and Nordex SE, among others.

Emergen Research has segmented the global Offshore Wind Energy Market on the basis of Installation, Location, Component, and region:

Installation Outlook (Revenue, USD Billion; 2017-2027)
- Floating structure
- Fixed Structure

Location Outlook (Revenue, USD Billion; 2017-2027)
- Shallow Water (<30m depth)
- Transitional Water (30m-60m Depth)
- Deep Water (>60m Depth)

Component Outlook (Revenue, USD Billion; 2017-2027)
- Substructure
- Turbine
- Electrical Infrastructure
- Others

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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Offshore Wind Energy Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2024 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.

Region wise performance of the Offshore Wind Energy industry

North America Offshore Wind Energy market revenue growth was relatively higher than that of other regional markets in 2024. North America market revenue is expected to continue to remain dominant over the forecast period, supported majorly by robust presence of major players in countries in the region and expansion of overall economic Offshore Wind Energy growth strategies and initiatives.

Asia Pacific Offshore Wind Energy market revenue registered the fastest growth rate in 2024, and this trend is expected to continue over the forecast period. Asia Pacific Offshore Wind Energy market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. Increasing population, favorable government policies and initiatives, and availability of more advanced technologies, services, and offerings in these countries are some key factors driving Offshore Wind Energy market revenue growth in Asia Pacific.

Europe Offshore Wind Energy market revenue is expected to continue to remain steady over the forecast period. This can be attributed to changing Offshore Wind Energy market trends in countries in other major regions and robust focus on research and development initiatives by major firms in the region with the objective to leverage opportunities and drive Offshore Wind Energy revenue growth.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States
Europe
China
Japan
Southeast Asia
India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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The research provides answers to the following key questions:

What will be the growth rate and the market size of the Offshore Wind Energy industry for the forecast period 2024-2027?
What are the major driving forces expected to impact the development of the Offshore Wind Energy market across different regions?
Who are the major driving forces expected to decide the fate of the Offshore Wind Energy industry worldwide?
Who are the prominent market players making a mark in the Offshore Wind Energy market with their winning strategies?
Which Offshore Wind Energy industry trends are likely to shape the future of the industry during the forecast period 2024-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Offshore Wind Energy market?

Table of Content

Chapter 1. Methodology & Sources

1.1. Offshore Wind Energy Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Offshore Wind Energy Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2024-2028