Global Offshore Wind Energy Market to Witness Impressive Growth, Revenue to Surge to USD 93.7 Billion By 2028

01-Jul-2021 | Zion Market Research

The global Offshore Wind Energy Market accounted for USD 44.8 Billion in 2020 and is expected to reach USD 93.7 Billion by 2028, growing at a CAGR of around 9.1% between 2021 and 2028. 

The Offshore Wind Energy market report include comprehensive view and analysis on the global and regional level. The report gives historic data of 2016 along with a forecast from 2021 to 2028 based on revenue (USD Billion) and volume (MW) . The study comprises drivers, restraints and opportunities for the Offshore Wind Energy market along with the impact on the demand over the forecast period.

In order to give the users of this report an inclusive view on the offshore wind energy market, we have incorporated a detailed competitive scenario and product portfolio of key players. To comprehend the competitive landscape of the market, an analysis of Porter’s five forces model for the offshore wind energy market has also been integrated. The study covers a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Offshore Wind Energy Market Size

The study provides an imperative outlook on the offshore wind energy market by delegating the market based on regions and countries. Each of the segments has been analyzed based on current and potential trends and the market is estimated from 2021 to 2028. The offshore wind energy market is segmented on the basis of foundation types and water depth. The regional segmentation includes the existing and estimated demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Each region has been further sub-segmented into major countries such as the U.K., Germany, Denmark, Netherlands, China, Japan, South Korea, and Brazil among others.

Europe dominated the worldwide offshore wind energy market in 2016. Countries like the U.K., Germany, Denmark, Netherlands, Belgium, and Sweden among others are leading players in Europe's offshore wind energy market. The Asia Pacific followed Europe in terms of offshore wind energy cumulative installed capacity. China is that the leading player in Asia Pacific offshore wind energy market and is predicted to grow at the fastest rate across the world. Japan, South Korea, and India among others are expected to further boost the market during the forecast period. The U.S. is additionally expected to witness numerous offshore wind energy projects during the forecast period.  Other countries including Finland, Ireland, Spain, Norway, and Portugal also are expected to spice up the worldwide offshore wind energy market during the forecast period.

The major players involved in the global offshore wind energy market include Northland Power, Enercon GmbH, Siemens Wind Power, Gamesa Corporacion Technologica S.A., Guodian United Power Technology Company Ltd, Nordex S.E., Vestas Wind Systems A/S, Upwind Solutions Inc., Suzlon Group, Xinjiang Goldwind Science & Technologies Co. Ltd, GE Wind Energy, China Ming Yang Wind Power, Dong Energy, and Sinovel among others.

Browse the full Offshore Wind Energy (By Foundation Type: Monopile, Jacket, Tripod, And Floating; And By Water Depth: Shallow Water And Deep Water): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2020-2028.” Report at

The global Offshore Wind Energy Market is segmented as follows:

By Foundation Type

  • Monopile 
  • Jacket 
  • Tripod 
  • Floating

By Water Type

  • Shallow Water
  • Deep Water

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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