Latin America Offshore Wind Turbine Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$157.5

Forecast, 2030 (US$M)

$328.0

CAGR, 2024 - 2030

11%

Report Coverage

Latin America

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

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Related Markets

Global Offshore Wind Turbine Industry Outlook

North America Offshore Wind Turbine Market Outlook

Europe Offshore Wind Turbine Market Outlook

Asia Pacific Offshore Wind Turbine Market Outlook

MEA Offshore Wind Turbine Market Outlook

Latin America offshore wind turbine market highlights

The Latin America offshore wind turbine market generated a revenue of USD 157.5 million in 2023.
The market is expected to grow at a CAGR of 11% 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.

Latin America data book summary

Market revenue in 2023	USD 157.5 million
Market revenue in 2030	USD 328.0 million
Growth rate	11% (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, Latin America region accounted for 0.9% 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.

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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

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

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

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