Abstract
Summary
Floating wind power is an offshore wind turbine mounted on a floating structure that allows the turbine to produce electricityin water depths where fixed-foundation turbines are not feasible. offshore wind power plays a significant role in achieving therenewable target in most countries around the world.The floating wind power market is driven by the increasing energydemand and adoption of renewables for energy production.
The global market for Floating Wind Power was estimated to be worth US$ 2925 million in 2023 and is forecast to a readjusted size of US$ 8218 million by 2030 with a CAGR of 15.2% during the forecast period 2024-2030
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Floating Wind Power, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Floating Wind Power by region & country, by Type, and by Application.
The Floating Wind Power market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Floating Wind Power.
Market Segmentation
By Company
Nordex
MHI Vestas Offshore Wind
GE
Siemens Gamesa Renewable Energy
Hitachi
Envision Energy
ABB
Suzlon Energy
GoldWind
Ming Yang Smart Energy Group
Segment by Type:
Up to 3 MW
3 MW to 5 MW
Above 5MW
Segment by Application
Shallow Water
Transitional Water
Deep Water
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Floating Wind Power manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Floating Wind Power in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Floating Wind Power in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
The global market for Floating Wind Power was estimated to be worth US$ 2925 million in 2023 and is forecast to a readjusted size of US$ 8218 million by 2030 with a CAGR of 15.2% during the forecast period 2024-2030
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Floating Wind Power, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Floating Wind Power by region & country, by Type, and by Application.
The Floating Wind Power market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Floating Wind Power.
Market Segmentation
By Company
Nordex
MHI Vestas Offshore Wind
GE
Siemens Gamesa Renewable Energy
Hitachi
Envision Energy
ABB
Suzlon Energy
GoldWind
Ming Yang Smart Energy Group
Segment by Type:
Up to 3 MW
3 MW to 5 MW
Above 5MW
Segment by Application
Shallow Water
Transitional Water
Deep Water
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Floating Wind Power manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Floating Wind Power in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Floating Wind Power in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
1.1 Floating Wind Power Product Introduction
1.2 Global Floating Wind Power Market Size Forecast
1.3 Floating Wind Power Market Trends & Drivers
1.3.1 Floating Wind Power Industry Trends
1.3.2 Floating Wind Power Market Drivers & Opportunity
1.3.3 Floating Wind Power Market Challenges
1.3.4 Floating Wind Power Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Floating Wind Power Players Revenue Ranking (2023)
2.2 Global Floating Wind Power Revenue by Company (2019-2024)
2.3 Key Companies Floating Wind Power Manufacturing Base Distribution and Headquarters
2.4 Key Companies Floating Wind Power Product Offered
2.5 Key Companies Time to Begin Mass Production of Floating Wind Power
2.6 Floating Wind Power Market Competitive Analysis
2.6.1 Floating Wind Power Market Concentration Rate (2019-2024)
2.6.2 Global 5 and 10 Largest Companies by Floating Wind Power Revenue in 2023
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Floating Wind Power as of 2023)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Up to 3 MW
3.1.2 3 MW to 5 MW
3.1.3 Above 5MW
3.2 Global Floating Wind Power Sales Value by Type
3.2.1 Global Floating Wind Power Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Floating Wind Power Sales Value, by Type (2019-2030)
3.2.3 Global Floating Wind Power Sales Value, by Type (%) (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Shallow Water
4.1.2 Transitional Water
4.1.3 Deep Water
4.2 Global Floating Wind Power Sales Value by Application
4.2.1 Global Floating Wind Power Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Floating Wind Power Sales Value, by Application (2019-2030)
4.2.3 Global Floating Wind Power Sales Value, by Application (%) (2019-2030)
5 Segmentation by Region
5.1 Global Floating Wind Power Sales Value by Region
5.1.1 Global Floating Wind Power Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Floating Wind Power Sales Value by Region (2019-2024)
5.1.3 Global Floating Wind Power Sales Value by Region (2025-2030)
5.1.4 Global Floating Wind Power Sales Value by Region (%), (2019-2030)
5.2 North America
5.2.1 North America Floating Wind Power Sales Value, 2019-2030
5.2.2 North America Floating Wind Power Sales Value by Country (%), 2023 VS 2030
5.3 Europe
5.3.1 Europe Floating Wind Power Sales Value, 2019-2030
5.3.2 Europe Floating Wind Power Sales Value by Country (%), 2023 VS 2030
5.4 Asia Pacific
5.4.1 Asia Pacific Floating Wind Power Sales Value, 2019-2030
5.4.2 Asia Pacific Floating Wind Power Sales Value by Country (%), 2023 VS 2030
5.5 South America
5.5.1 South America Floating Wind Power Sales Value, 2019-2030
5.5.2 South America Floating Wind Power Sales Value by Country (%), 2023 VS 2030
5.6 Middle East & Africa
5.6.1 Middle East & Africa Floating Wind Power Sales Value, 2019-2030
5.6.2 Middle East & Africa Floating Wind Power Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Floating Wind Power Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Floating Wind Power Sales Value
6.3 United States
6.3.1 United States Floating Wind Power Sales Value, 2019-2030
6.3.2 United States Floating Wind Power Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Floating Wind Power Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Floating Wind Power Sales Value, 2019-2030
6.4.2 Europe Floating Wind Power Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Floating Wind Power Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Floating Wind Power Sales Value, 2019-2030
6.5.2 China Floating Wind Power Sales Value by Type (%), 2023 VS 2030
6.5.3 China Floating Wind Power Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Floating Wind Power Sales Value, 2019-2030
6.6.2 Japan Floating Wind Power Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Floating Wind Power Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Floating Wind Power Sales Value, 2019-2030
6.7.2 South Korea Floating Wind Power Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Floating Wind Power Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Floating Wind Power Sales Value, 2019-2030
6.8.2 Southeast Asia Floating Wind Power Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Floating Wind Power Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Floating Wind Power Sales Value, 2019-2030
6.9.2 India Floating Wind Power Sales Value by Type (%), 2023 VS 2030
6.9.3 India Floating Wind Power Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 Nordex
7.1.1 Nordex Profile
7.1.2 Nordex Main Business
7.1.3 Nordex Floating Wind Power Products, Services and Solutions
7.1.4 Nordex Floating Wind Power Revenue (US$ Million) & (2019-2024)
7.1.5 Nordex Recent Developments
7.2 MHI Vestas Offshore Wind
7.2.1 MHI Vestas Offshore Wind Profile
7.2.2 MHI Vestas Offshore Wind Main Business
7.2.3 MHI Vestas Offshore Wind Floating Wind Power Products, Services and Solutions
7.2.4 MHI Vestas Offshore Wind Floating Wind Power Revenue (US$ Million) & (2019-2024)
7.2.5 MHI Vestas Offshore Wind Recent Developments
7.3 GE
7.3.1 GE Profile
7.3.2 GE Main Business
7.3.3 GE Floating Wind Power Products, Services and Solutions
7.3.4 GE Floating Wind Power Revenue (US$ Million) & (2019-2024)
7.3.5 Siemens Gamesa Renewable Energy Recent Developments
7.4 Siemens Gamesa Renewable Energy
7.4.1 Siemens Gamesa Renewable Energy Profile
7.4.2 Siemens Gamesa Renewable Energy Main Business
7.4.3 Siemens Gamesa Renewable Energy Floating Wind Power Products, Services and Solutions
7.4.4 Siemens Gamesa Renewable Energy Floating Wind Power Revenue (US$ Million) & (2019-2024)
7.4.5 Siemens Gamesa Renewable Energy Recent Developments
7.5 Hitachi
7.5.1 Hitachi Profile
7.5.2 Hitachi Main Business
7.5.3 Hitachi Floating Wind Power Products, Services and Solutions
7.5.4 Hitachi Floating Wind Power Revenue (US$ Million) & (2019-2024)
7.5.5 Hitachi Recent Developments
7.6 Envision Energy
7.6.1 Envision Energy Profile
7.6.2 Envision Energy Main Business
7.6.3 Envision Energy Floating Wind Power Products, Services and Solutions
7.6.4 Envision Energy Floating Wind Power Revenue (US$ Million) & (2019-2024)
7.6.5 Envision Energy Recent Developments
7.7 ABB
7.7.1 ABB Profile
7.7.2 ABB Main Business
7.7.3 ABB Floating Wind Power Products, Services and Solutions
7.7.4 ABB Floating Wind Power Revenue (US$ Million) & (2019-2024)
7.7.5 ABB Recent Developments
7.8 Suzlon Energy
7.8.1 Suzlon Energy Profile
7.8.2 Suzlon Energy Main Business
7.8.3 Suzlon Energy Floating Wind Power Products, Services and Solutions
7.8.4 Suzlon Energy Floating Wind Power Revenue (US$ Million) & (2019-2024)
7.8.5 Suzlon Energy Recent Developments
7.9 GoldWind
7.9.1 GoldWind Profile
7.9.2 GoldWind Main Business
7.9.3 GoldWind Floating Wind Power Products, Services and Solutions
7.9.4 GoldWind Floating Wind Power Revenue (US$ Million) & (2019-2024)
7.9.5 GoldWind Recent Developments
7.10 Ming Yang Smart Energy Group
7.10.1 Ming Yang Smart Energy Group Profile
7.10.2 Ming Yang Smart Energy Group Main Business
7.10.3 Ming Yang Smart Energy Group Floating Wind Power Products, Services and Solutions
7.10.4 Ming Yang Smart Energy Group Floating Wind Power Revenue (US$ Million) & (2019-2024)
7.10.5 Ming Yang Smart Energy Group Recent Developments
8 Industry Chain Analysis
8.1 Floating Wind Power Industrial Chain
8.2 Floating Wind Power Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Floating Wind Power Sales Model
8.5.2 Sales Channel
8.5.3 Floating Wind Power Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer