Global Offshore Wind Market Size & Outlook, 2025-2030

The global offshore wind market size was estimated at USD 39,970.6 million in 2024 and is projected to reach USD 65,044.6 million by 2030, growing at a CAGR of 9% from 2025 to 2030.
Revenue, 2024 (US$M)
$39,970.6
Forecast, 2030 (US$M)
$65,044.6
CAGR, 2025 - 2030
9%
Report Coverage
Worldwide

Global offshore wind market highlights

  • The global offshore wind market generated a revenue of USD 39,970.6 million in 2024 and is expected to reach USD 65,044.6 million by 2030.
  • The market is expected to grow at a CAGR (2025 - 2030) of 9% by 2030.
  • In terms of segment, fixed structure accounted for a revenue of USD 42,288.8 million in 2024.
  • Fixed Structure is the most lucrative installation segment registering the fastest growth during the forecast period.
  • In terms of region, Europe was the largest revenue generating market in 2024.

Global data book summary

Market revenue in 2024USD 39,970.6 million
Market revenue in 2030USD 65,044.6 million
Growth rate9% (CAGR from 2025 to 2030)
Largest segmentFixed structure
Fastest growing segmentFixed Structure
Historical data covered2020 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationFixed Structure

Other key industry trends

  • In terms of revenue, the North America accounted for 23.0% of the global offshore wind market in 2024.

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Offshore Wind Market Scope

Offshore wind market segmentation & scope
Fixed Structure
Floating Structure
Capacity
Up to 3 MW
3 MW to 5 MW
Above 5 MW
Water Depth
Shallow Water (<30 M Depth)
Transitional Water (30-60 M Depth)
Deepwater (More than 60 M Depth)

Offshore Wind Market Companies

Name Profile # Employees HQ Website
Taiyuan Heavy Industry View profile 5001-10000 Taiyuan, Shanxi, China, Asia http://www.tyhi.com.cn
Windey View profile 1001-5000 Hangzhou, Zhejiang, China, Asia https://www.windeyenergy.com
Shanghai Electric Group Corp View profile 10001+ Shanghai, Shanghai, China, Asia https://www.shanghai-electric.com
Vestas View profile 10001+ Aarhus, Midtjylland, Denmark, Europe http://www.vestas.com
Rockwell Automation View profile 10001+ Milwaukee, Wisconsin, United States, North America https://www.rockwellautomation.com/
Siemens Gamesa Renewable Energy View profile 10001+ Zamudio, Pais Vasco, Spain, Europe https://www.siemensgamesa.com/en-int
General Electric View profile 10001+ Boston, Massachusetts, United States, North America http://www.ge.com
Nordex SE ADR View profile 9345 Langenhorner Chaussee 600, Hamburg, Germany, 22419 https://www.nordex-online.com
Hyundai Motor Co View profile 73502 12, Heolleung-ro, Seocho-Gu, Seoul, Korea, Republic of https://www.hyundai.com
Schneider Electric SE View profile 162339 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 https://www.se.com
Hitachi Ltd View profile 322525 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 http://www.hitachi.com

Global offshore wind market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to offshore wind market will help companies and investors design strategic landscapes.


Fixed structure was the largest segment with a revenue share of 105.8% in 2024. Horizon Databook has segmented the Global offshore wind market based on fixed structure covering the revenue growth of each sub-segment from 2020 to 2030.


  • Global Offshore Wind Installation Outlook (Revenue, USD Million, 2020-2030)
    • Fixed Structure
    • Floating Structure
  • Global Offshore Wind Capacity Outlook (Revenue, USD Million, 2020-2030)
    • Up to 3 MW
    • 3 MW to 5 MW
    • Above 5 MW
  • Global Offshore Wind Water Depth Outlook (Revenue, USD Million, 2020-2030)
    • Shallow Water (<30 M Depth)
    • Transitional Water (30-60 M Depth)
    • Deepwater (More than 60 M Depth)

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Target buyers of Global offshore wind market databook

  • Our clientele includes a mix of offshore wind market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global offshore wind market , including forecasts for subscribers. This global databook contains high-level insights into Global offshore wind market from 2020 to 2030, including revenue numbers, major trends, and company profiles.

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Global offshore wind market size, by regions, 2020-2030 (US$M)

Top 10 countries: Offshore wind market size, 2024 (US$M)

Global offshore wind market share, by installation, 2024 & 2030 (%, US$M)

Offshore wind market: Opportunity assessment by country

Global offshore wind market, by region, 2024 (US$M)

Global offshore wind market size, by regions, 2020-2030 (US$M)

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