Global Offshore Wind Turbine Market Size & Outlook
Global offshore wind turbine market, 2018-2030 (US$M)
Global offshore wind turbine market highlights
- The global offshore wind turbine market generated a revenue of USD 19,852.6 million in 2024 and is expected to reach USD 38,134.4 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 11.5% by 2030.
- In terms of segment, up to 3 mw accounted for a revenue of USD 19,852.6 million in 2024.
- Up to 3 MW is the most lucrative capacity 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 2024 | USD 19,852.6 million |
| Market revenue in 2030 | USD 38,134.4 million |
| Growth rate | 11.5% (CAGR from 2025 to 2030) |
| Largest segment | Up to 3 mw |
| Fastest growing segment | Up to 3 MW |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Up to 3 MW |
Other key industry trends
- In terms of revenue, the North America accounted for 23.0% of the global offshore wind turbine market in 2024.
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Offshore Wind Turbine Market Scope
Offshore Wind Turbine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Modec | View profile | 11-50 | Beaumont-lès-valence, Rhone-Alpes, France, Europe | https://www.modec.fr/ |
| Naval Group | View profile | 10001+ | Paris, Ile-de-France, France, Europe | http://www.naval-group.com |
| Goldwind | View profile | 1001-5000 | Beijing, Beijing, China, Asia | http://www.goldwindglobal.com/ |
| Siemens | View profile | 10001+ | Munich, Bayern, Germany, Europe | https://www.siemens.com |
| General Electric | View profile | 10001+ | Boston, Massachusetts, United States, North America | http://www.ge.com |
| Equinor ASA | View profile | 24467 | Forusbeen 50, Stavanger, Norway, N-4035 | https://www.equinor.com |
| Nordex SE ADR | View profile | 9345 | Langenhorner Chaussee 600, Hamburg, Germany, 22419 | https://www.nordex-online.com |
| Iberdrola SA | View profile | 41384 | Plaza Euskadi Number 5, Biscay, Bilbao, Spain, 48009 | https://www.iberdrola.com |
| Mitsubishi Heavy Industries Ltd | View profile | 86331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | https://www.mhi.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
Global offshore wind turbine 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 turbine market will help companies and investors design strategic landscapes.
Up to 3 mw was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the Global offshore wind turbine market based on up to 3 mw covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Offshore Wind Turbine Capacity Outlook (Revenue, USD Million, 2018-2030)
- Up to 3 MW
- 3 MW to 5 MW
- Above 5 MW
- Global Offshore Wind Turbine Water Depth Outlook (Revenue, USD Million, 2018-2030)
- Shallow Water (<30 M Depth)
- Transitional Water (30-60 M Depth)
- Deepwater (More than 60 M Depth)
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Our clientele includes a mix of offshore wind turbine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global offshore wind turbine market , including forecasts for subscribers. This global databook contains high-level insights into Global offshore wind turbine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global offshore wind turbine market size, by regions, 2018-2030 (US$M)
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