Offshore Wind Power Market, Global Outlook and Forecast 2023-2029

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.
This report aims to provide a comprehensive presentation of the global market for Offshore Wind Power, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Offshore Wind Power. This report contains market size and forecasts of Offshore Wind Power in global, including the following market information:
Global Offshore Wind Power Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Offshore Wind Power Market Sales, 2018-2023, 2024-2029, (MW)
Global top five Offshore Wind Power companies in 2022 (%)
The global Offshore Wind Power market was valued at US$ 20490 million in 2022 and is projected to reach US$ 61260 million by 2029, at a CAGR of 16.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Offshore Wind Power manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Offshore Wind Power Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Offshore Wind Power Market Segment Percentages, by Type, 2022 (%)
    Monopiles
    Gravity
    Jacket
    Tripods
    Tripiles
    Floating
Global Offshore Wind Power Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Offshore Wind Power Market Segment Percentages, by Application, 2022 (%)
    Commercial
    Demostration
Global Offshore Wind Power Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Offshore Wind Power Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Offshore Wind Power revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Offshore Wind Power revenues share in global market, 2022 (%)
Key companies Offshore Wind Power sales in global market, 2018-2023 (Estimated), (MW)
Key companies Offshore Wind Power sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Siemens
    MHI Vestas
    Senvion
    Orano
    BARD
    Siemens (Gamesa)
    Hitachi
    Sinovel
    Shanghai Electric
    Envision
    Goldwind
Outline of Major Chapters:
Chapter 1: Introduces the definition of Offshore Wind Power, market overview.
Chapter 2: Global Offshore Wind Power market size in revenue and volume.
Chapter 3: Detailed analysis of Offshore Wind Power manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size 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 market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Offshore Wind Power in regional level and country 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 of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Offshore Wind Power capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.