Global Offshore Wind Turbine Market Size & Outlook

The offshore wind turbine industry worldwide is expected to reach a projected revenue of US$ 38,134.4 million by 2030. A compound annual growth rate of 11.5% is expected of the worldwide offshore wind turbine industry from 2024 to 2030.
Revenue, 2023 (US$M)
$17,806.1
Forecast, 2030 (US$M)
$38,134.4
CAGR, 2024 - 2030
11.5%
Report Coverage
Worldwide

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 17,806.1 million in 2023 and is expected to reach USD 38,134.4 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 11.5% by 2030.
  • In terms of segment, up to 3 mw accounted for a revenue of USD 17,806.1 million in 2023.
  • 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 2023.

Global data book summary

Market revenue in 2023USD 17,806.1 million
Market revenue in 2030USD 38,134.4 million
Growth rate11.5% (CAGR from 2023 to 2030)
Largest segmentUp to 3 mw
Fastest growing segmentUp to 3 MW
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationUp to 3 MW

Other key industry trends

  • In terms of revenue, the North America accounted for 23.1% of the global offshore wind turbine market in 2023.

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Offshore Wind Turbine Market Scope

Offshore wind turbine market segmentation & scope
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)
Countries
Argentina
Brazil
Denmark
France
Germany
Norway
Italy
Spain
Sweden
UK
Canada
Mexico
U.S.
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
India
Japan
South Korea
Thailand

Offshore Wind Turbine Market Companies

Name Profile # Employees HQ Website

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 2023. 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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Target buyers of Global offshore wind turbine market databook

  • Our clientele includes a mix of offshore wind turbine 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 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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