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Floating Wind Turbines-Global Market Insights and Sales Trends 2025
Synopsis
A floating wind turbine also known as offshore wind turbines is mounted on a floating structure which allows the turbines to produce electricity in water-depths where bottom mounted towers are not feasible. Placing wind farms out at sea could reduce visual-pollution, whereas providing better accommodation for fishing & shipping lanes.
The global Floating Wind Turbines market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Floating Wind Turbines in various end use industries. The expanding demands from the Shallow Water, Deep Water and Ultra-Deep Water,, are propelling Floating Wind Turbines market. Up to 1 MW, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 1-3 MW segment is estimated at % CAGR for the next seven-year 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 Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Floating Wind Turbines, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Floating Wind Turbines market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Floating Wind Turbines market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Floating Wind Turbines sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Floating Wind Turbines covered in this report include Nordex SE, Enercon GmbH, Siemens AG, Gamesa Corporación Tecnológica, GE, Vestas Wind Systems A/S, Xinjiang Goldwin Science & Technologies, Suzlon and Upwind Solutions, etc.
The global Floating Wind Turbines market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Nordex SE
Enercon GmbH
Siemens AG
Gamesa Corporación Tecnológica
GE
Vestas Wind Systems A/S
Xinjiang Goldwin Science & Technologies
Suzlon
Upwind Solutions
Guodian United Power Technology Company
Global Floating Wind Turbines market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Floating Wind Turbines market, Segment by Type:
Up to 1 MW
1-3 MW
3-5 MW
5 MW and above
Global Floating Wind Turbines market, by Application
Shallow Water
Deep Water
Ultra-Deep Water
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Floating Wind Turbines manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Floating Wind Turbines in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A floating wind turbine also known as offshore wind turbines is mounted on a floating structure which allows the turbines to produce electricity in water-depths where bottom mounted towers are not feasible. Placing wind farms out at sea could reduce visual-pollution, whereas providing better accommodation for fishing & shipping lanes.
The global Floating Wind Turbines market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Floating Wind Turbines in various end use industries. The expanding demands from the Shallow Water, Deep Water and Ultra-Deep Water,, are propelling Floating Wind Turbines market. Up to 1 MW, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 1-3 MW segment is estimated at % CAGR for the next seven-year 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 Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Floating Wind Turbines, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Floating Wind Turbines market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Floating Wind Turbines market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Floating Wind Turbines sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Floating Wind Turbines covered in this report include Nordex SE, Enercon GmbH, Siemens AG, Gamesa Corporación Tecnológica, GE, Vestas Wind Systems A/S, Xinjiang Goldwin Science & Technologies, Suzlon and Upwind Solutions, etc.
The global Floating Wind Turbines market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Nordex SE
Enercon GmbH
Siemens AG
Gamesa Corporación Tecnológica
GE
Vestas Wind Systems A/S
Xinjiang Goldwin Science & Technologies
Suzlon
Upwind Solutions
Guodian United Power Technology Company
Global Floating Wind Turbines market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Floating Wind Turbines market, Segment by Type:
Up to 1 MW
1-3 MW
3-5 MW
5 MW and above
Global Floating Wind Turbines market, by Application
Shallow Water
Deep Water
Ultra-Deep Water
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Floating Wind Turbines manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Floating Wind Turbines in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Floating Wind Turbines Market Overview
1.1 Floating Wind Turbines Product Overview
1.2 Floating Wind Turbines Market Segment by Type
1.2.1 Up to 1 MW
1.2.2 1-3 MW
1.2.3 3-5 MW
1.2.4 5 MW and above
1.3 Global Floating Wind Turbines Market Size by Type
1.3.1 Global Floating Wind Turbines Market Size Overview by Type (2018-2029)
1.3.2 Global Floating Wind Turbines Historic Market Size Review by Type (2018-2023)
1.3.3 Global Floating Wind Turbines Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Floating Wind Turbines Sales Breakdown by Type (2018-2023)
1.4.2 Europe Floating Wind Turbines Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Floating Wind Turbines Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Floating Wind Turbines Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Floating Wind Turbines Sales Breakdown by Type (2018-2023)
2 Global Floating Wind Turbines Market Competition by Company
2.1 Global Top Players by Floating Wind Turbines Sales (2018-2023)
2.2 Global Top Players by Floating Wind Turbines Revenue (2018-2023)
2.3 Global Top Players by Floating Wind Turbines Price (2018-2023)
2.4 Global Top Manufacturers Floating Wind Turbines Manufacturing Base Distribution, Sales Area, Product Type
2.5 Floating Wind Turbines Market Competitive Situation and Trends
2.5.1 Floating Wind Turbines Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Floating Wind Turbines Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Floating Wind Turbines as of 2022)
2.7 Date of Key Manufacturers Enter into Floating Wind Turbines Market
2.8 Key Manufacturers Floating Wind Turbines Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Floating Wind Turbines Status and Outlook by Region
3.1 Global Floating Wind Turbines Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Floating Wind Turbines Historic Market Size by Region
3.2.1 Global Floating Wind Turbines Sales in Volume by Region (2018-2023)
3.2.2 Global Floating Wind Turbines Sales in Value by Region (2018-2023)
3.2.3 Global Floating Wind Turbines Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Floating Wind Turbines Forecasted Market Size by Region
3.3.1 Global Floating Wind Turbines Sales in Volume by Region (2024-2029)
3.3.2 Global Floating Wind Turbines Sales in Value by Region (2024-2029)
3.3.3 Global Floating Wind Turbines Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Floating Wind Turbines by Application
4.1 Floating Wind Turbines Market Segment by Application
4.1.1 Shallow Water
4.1.2 Deep Water
4.1.3 Ultra-Deep Water
4.2 Global Floating Wind Turbines Market Size by Application
4.2.1 Global Floating Wind Turbines Market Size Overview by Application (2018-2029)
4.2.2 Global Floating Wind Turbines Historic Market Size Review by Application (2018-2023)
4.2.3 Global Floating Wind Turbines Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Floating Wind Turbines Sales Breakdown by Application (2018-2023)
4.3.2 Europe Floating Wind Turbines Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Floating Wind Turbines Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Floating Wind Turbines Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Floating Wind Turbines Sales Breakdown by Application (2018-2023)
5 North America Floating Wind Turbines by Country
5.1 North America Floating Wind Turbines Historic Market Size by Country
5.1.1 North America Floating Wind Turbines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Floating Wind Turbines Sales in Volume by Country (2018-2023)
5.1.3 North America Floating Wind Turbines Sales in Value by Country (2018-2023)
5.2 North America Floating Wind Turbines Forecasted Market Size by Country
5.2.1 North America Floating Wind Turbines Sales in Volume by Country (2024-2029)
5.2.2 North America Floating Wind Turbines Sales in Value by Country (2024-2029)
6 Europe Floating Wind Turbines by Country
6.1 Europe Floating Wind Turbines Historic Market Size by Country
6.1.1 Europe Floating Wind Turbines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Floating Wind Turbines Sales in Volume by Country (2018-2023)
6.1.3 Europe Floating Wind Turbines Sales in Value by Country (2018-2023)
6.2 Europe Floating Wind Turbines Forecasted Market Size by Country
6.2.1 Europe Floating Wind Turbines Sales in Volume by Country (2024-2029)
6.2.2 Europe Floating Wind Turbines Sales in Value by Country (2024-2029)
7 Asia-Pacific Floating Wind Turbines by Region
7.1 Asia-Pacific Floating Wind Turbines Historic Market Size by Region
7.1.1 Asia-Pacific Floating Wind Turbines Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Floating Wind Turbines Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Floating Wind Turbines Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Floating Wind Turbines Forecasted Market Size by Region
7.2.1 Asia-Pacific Floating Wind Turbines Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Floating Wind Turbines Sales in Value by Region (2024-2029)
8 Latin America Floating Wind Turbines by Country
8.1 Latin America Floating Wind Turbines Historic Market Size by Country
8.1.1 Latin America Floating Wind Turbines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Floating Wind Turbines Sales in Volume by Country (2018-2023)
8.1.3 Latin America Floating Wind Turbines Sales in Value by Country (2018-2023)
8.2 Latin America Floating Wind Turbines Forecasted Market Size by Country
8.2.1 Latin America Floating Wind Turbines Sales in Volume by Country (2024-2029)
8.2.2 Latin America Floating Wind Turbines Sales in Value by Country (2024-2029)
9 Middle East and Africa Floating Wind Turbines by Country
9.1 Middle East and Africa Floating Wind Turbines Historic Market Size by Country
9.1.1 Middle East and Africa Floating Wind Turbines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Floating Wind Turbines Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Floating Wind Turbines Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Floating Wind Turbines Forecasted Market Size by Country
9.2.1 Middle East and Africa Floating Wind Turbines Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Floating Wind Turbines Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Nordex SE
10.1.1 Nordex SE Company Information
10.1.2 Nordex SE Introduction and Business Overview
10.1.3 Nordex SE Floating Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Nordex SE Floating Wind Turbines Products Offered
10.1.5 Nordex SE Recent Development
10.2 Enercon GmbH
10.2.1 Enercon GmbH Company Information
10.2.2 Enercon GmbH Introduction and Business Overview
10.2.3 Enercon GmbH Floating Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Enercon GmbH Floating Wind Turbines Products Offered
10.2.5 Enercon GmbH Recent Development
10.3 Siemens AG
10.3.1 Siemens AG Company Information
10.3.2 Siemens AG Introduction and Business Overview
10.3.3 Siemens AG Floating Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Siemens AG Floating Wind Turbines Products Offered
10.3.5 Siemens AG Recent Development
10.4 Gamesa Corporación Tecnológica
10.4.1 Gamesa Corporación Tecnológica Company Information
10.4.2 Gamesa Corporación Tecnológica Introduction and Business Overview
10.4.3 Gamesa Corporación Tecnológica Floating Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Gamesa Corporación Tecnológica Floating Wind Turbines Products Offered
10.4.5 Gamesa Corporación Tecnológica Recent Development
10.5 GE
10.5.1 GE Company Information
10.5.2 GE Introduction and Business Overview
10.5.3 GE Floating Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.5.4 GE Floating Wind Turbines Products Offered
10.5.5 GE Recent Development
10.6 Vestas Wind Systems A/S
10.6.1 Vestas Wind Systems A/S Company Information
10.6.2 Vestas Wind Systems A/S Introduction and Business Overview
10.6.3 Vestas Wind Systems A/S Floating Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Vestas Wind Systems A/S Floating Wind Turbines Products Offered
10.6.5 Vestas Wind Systems A/S Recent Development
10.7 Xinjiang Goldwin Science & Technologies
10.7.1 Xinjiang Goldwin Science & Technologies Company Information
10.7.2 Xinjiang Goldwin Science & Technologies Introduction and Business Overview
10.7.3 Xinjiang Goldwin Science & Technologies Floating Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Xinjiang Goldwin Science & Technologies Floating Wind Turbines Products Offered
10.7.5 Xinjiang Goldwin Science & Technologies Recent Development
10.8 Suzlon
10.8.1 Suzlon Company Information
10.8.2 Suzlon Introduction and Business Overview
10.8.3 Suzlon Floating Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Suzlon Floating Wind Turbines Products Offered
10.8.5 Suzlon Recent Development
10.9 Upwind Solutions
10.9.1 Upwind Solutions Company Information
10.9.2 Upwind Solutions Introduction and Business Overview
10.9.3 Upwind Solutions Floating Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Upwind Solutions Floating Wind Turbines Products Offered
10.9.5 Upwind Solutions Recent Development
10.10 Guodian United Power Technology Company
10.10.1 Guodian United Power Technology Company Company Information
10.10.2 Guodian United Power Technology Company Introduction and Business Overview
10.10.3 Guodian United Power Technology Company Floating Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Guodian United Power Technology Company Floating Wind Turbines Products Offered
10.10.5 Guodian United Power Technology Company Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Floating Wind Turbines Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Floating Wind Turbines Industrial Chain Analysis
11.4 Floating Wind Turbines Market Dynamics
11.4.1 Floating Wind Turbines Industry Trends
11.4.2 Floating Wind Turbines Market Drivers
11.4.3 Floating Wind Turbines Market Challenges
11.4.4 Floating Wind Turbines Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Floating Wind Turbines Distributors
12.3 Floating Wind Turbines Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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