Europe Offshore Wind Turbine Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$8,486.0

Forecast, 2030 (US$M)

$18,220.6

CAGR, 2024 - 2030

11.5%

Report Coverage

Europe

Europe offshore wind turbine market, 2018-2030 (US$M)

Unlock Premium

Related Markets

Global Offshore Wind Turbine Industry Outlook

North America Offshore Wind Turbine Market Outlook

Asia Pacific Offshore Wind Turbine Market Outlook

Latin America Offshore Wind Turbine Market Outlook

MEA Offshore Wind Turbine Market Outlook

Europe offshore wind turbine market highlights

The Europe offshore wind turbine market generated a revenue of USD 8,486.0 million in 2023.
The market is expected to grow at a CAGR of 11.5% from 2024 to 2030.
In terms of segment, up to 3 mw was the largest revenue generating capacity in 2023.
Up to 3 MW is the most lucrative capacity segment registering the fastest growth during the forecast period.

Europe data book summary

Market revenue in 2023	USD 8,486.0 million
Market revenue in 2030	USD 18,220.6 million
Growth rate	11.5% (CAGR from 2023 to 2030)
Largest segment	Up to 3 mw
Fastest growing segment	Up to 3 MW
Historical data covered	2018 - 2022
Base year for estimation	2023
Forecast period covered	2024 - 2030
Quantitative units	Revenue in USD million
Market segmentation	Up to 3 MW
Key market players worldwide	General Electric, Equinor ASA, Iberdrola SA, Mitsubishi Heavy Industries Ltd, Goldwind, Naval Group, Nordex SE ADR, Siemens, ABB Ltd, Modec

Other key industry trends

In terms of revenue, Europe region accounted for 47.7% of the global offshore wind turbine market in 2023.
Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 10,750.1 million by 2030.

No credit card required*

Horizon in a snapshot

30K+ Global Market Reports
120K+ Country Reports
1.2M+ Market Statistics
200K+ Company Profiles
Industry insights and more

Offshore Wind Turbine Market Scope

Offshore wind turbine market segmentation & scope

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)

Regions

Latin America

Europe

North America

Middle East & Africa

Asia Pacific

Countries

Argentina

Brazil

Denmark

France

Germany

Norway

Italy

Spain

Sweden

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

Europe 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 Europe offshore wind turbine market based on up to 3 mw covering the revenue growth of each sub-segment from 2018 to 2030.

Reasons to subscribe to Europe offshore wind turbine market databook:

Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Europe 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.).
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 continent-level data and insights on the Europe offshore wind turbine market , including forecasts for subscribers. This continent databook contains high-level insights into Europe offshore wind turbine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list