Energy and Power

Floating Offshore Wind Power Market

Global Industry Analysis and Forecast 2023-2030

Pages : 120

Base Year : 2022

Release Year : May 2024

Format : Pdf Ppt Xls

Report ID: KR 450

Author : Siddhi J.

Base Year

2022

Forecast Year

2023-2030

Historical Years

2018-202

Market Value (2022)

USD 0.92 Billion

Forecasted Value (2030)

USD 17.44 Billiom

CAGR (2023 - 2030)

44.62%

Fastest Growing Region (2023 - 2030)

Europe

Largest Region

Europe

By Water Depth

Shallow Water, Transitional Water, Deep Water.

By Turbine Capacity

Up to 3MW, 3MW - 5 MW, Above 5 MW.


TABLE OF CONTENT

1 INTRODUCTION OF THE GLOBAL FLOATING OFFSHORE WIND POWER MARKET 
1.1 Market Definition
1.2 Market Segmentation
1.3 Research Timelines
1.4 Limitations
1.5 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY
3.1 Data Collection
3.1.1 Secondary Sources
3.1.2 Primary Sources
3.1.3 Research Flow
3.2 Subject Matter Expert Advice
3.3 Quality Check
3.4 Final Review
3.5 Bottom-Up Approach
3.6 Top-down Approach

4 GLOBAL FLOATING OFFSHORE WIND POWER MARKET OUTLOOK
4.1 Market Evolution
4.2 Overview
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.3.4 Challenges
4.4 Pricing Analysis
4.5 Porter’s Five Forces Analysis
4.6 Value Chain Analysis
4.7 Macroeconomic Analysis

5 IMPACT OF RUSSIA-UKRAINE WAR

6 GLOBAL FLOATING OFFSHORE WIND POWER MARKET, BY WATER DEPTH
6.1 Overview
6.1 Shallow Water
6.2 Transitional Water
6.3 Deep Water

7 GLOBAL FLOATING OFFSHORE WIND POWER MARKET, BY TURBINE CAPACITY
7.1 Overview
7.2 Up to 3MW
7.3 3MW - 5 MW
7.4 Above 5 MW 

8 GLOBAL FLOATING OFFSHORE WIND POWER MARKET, BY GEOGRAPHY
8.1 Overview

9 NORTH AMERICA 
9.1 US.
9.2 Canada
9.3 Mexico

10 EUROPE 
10.1 Germany
10.2 U.K.
10.3 France
10.4 Italy
10.5 Spain
10.6 Russia
10.7 Rest of Europe

11 ASIA PACIFIC 
11.1 China
11.2 Japan
11.3 India
11.4 South Korea
11.5 Rest of Asia Pacific

12 MIDDLE EAST & AFRICA 
12.1 GCC
12.2 South Africa
12.3 North Africa
12.4 Rest of Middle East & Africa

13 LATIN AMERICA 
13.1 Brazil
13.2 Argentina
13.3 Rest of Latin America

14  GLOBAL FLOATING OFFSHORE WIND POWER MARKET COMPETITIVE LANDSCAPE
14.1 Overview
14.2 Key Developments
14.3 Key Strategic Developments
14.4 Company Market Ranking
14.5 Regional Footprint
14.6 Industry Footprint

15 COMPANY PROFILES
15.1 TotalEnergies
15.1.1 Key Facts
15.1.2 Financial Overview
15.1.3 Type Benchmarking
15.1.4 Recent Developments
15.1.5 Winning Imperatives
15.1.6 Current Focus & Strategies
15.1.7 Threat from competition
15.1.8 SWOT Analysis
15.2 Shell
15.2.1 Key Facts
15.2.2 Financial Overview
15.2.3 Type Benchmarking
15.2.4 Recent Developments
15.2.5 Winning Imperatives
15.2.6 Current Focus & Strategies
15.2.7 Threat from competition
15.2.8 SWOT Analysis
15.3 Doosan Corporation
15.3.1 Key Facts
15.3.2 Financial Overview
15.3.3 Type Benchmarking
15.3.4 Recent Developments
15.3.5 Winning Imperatives
15.3.6 Current Focus & Strategies
15.3.7 Threat from competition
15.3.8 SWOT Analysis
15.4 Hitachi Energy Ltd.
15.4.1 Key Facts
15.4.2 Financial Overview
15.4.3 Type Benchmarking
15.4.4 Recent Developments
15.4.5 Winning Imperatives
15.4.6 Current Focus & Strategies
15.4.7 Threat from competition
15.4.8 SWOT Analysis
15.5 Vestas 
15.5.1 Key Facts
15.5.2 Financial Overview
15.5.3 Type Benchmarking
15.5.4 Recent Developments
15.5.5 Winning Imperatives
15.5.6 Current Focus & Strategies
15.5.7 Threat from competition
15.5.8 SWOT Analysis
15.6 Iberdrola, S.A. 
15.6.1 Key Facts
15.6.2 Financial Overview
15.6.3 Type Benchmarking
15.6.4 Recent Developments
15.7 Equinor ASA 
15.7.1 Key Facts
15.7.2 Financial Overview
15.7.3 Type Benchmarking
15.7.4 Recent Developments
15.8 Siemens Gamesa Renewable Energy, S.A.U. 
15.8.1 Key Facts
15.8.2 Financial Overview
15.8.3 Type Benchmarking
15.8.4 Recent Developments
15.9 NEXANS
15.9.1 Key Facts
15.9.2 Financial Overview
15.9.3 Type Benchmarking
15.9.4 Recent Developments
15.10 GENERAL ELECTRIC 
15.10.1 Key Facts
15.10.2 Financial Overview
15.10.3 Type Benchmarking
15.10.4 Recent Developments

LIST OF TABLES

TABLE 1 Global Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 2 Global Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 3 Global Floating Offshore Wind Power Market Revenue, By Geography, 2020 – 2030 (USD Billion)    
TABLE 4 North America Floating Offshore Wind Power Market Revenue, By Country, 2020 – 2030 (USD Billion)    
TABLE 5 North America Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 6 North America Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 7 US Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 8 US Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 9 Canada Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 10 Canada Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 11 Mexico Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 12 Mexico Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 13 Europe Floating Offshore Wind Power Market Revenue, By Country, 2020 – 2030 (USD Billion)    
TABLE 14 Europe Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 15 Europe Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 16 Germany Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 17 Germany Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 18 France Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 19 France Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 20 UK Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 21 UK Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 22 Spain Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 23 Spain Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 24 Italy Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 25 Italy Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 26 Russia Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 27 Russia Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 28 Rest of Europe Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 29 Rest of Europe Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 30 Asia-Pacific Floating Offshore Wind Power Market Revenue, By Country, 2020 – 2030 (USD Billion)    
TABLE 31 Asia-Pacific Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 32 Asia-Pacific Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 33 China Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 34 China Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 35 Japan Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 36 Japan Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 37 India Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 38 India Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 39 South Korea Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 40 South Korea Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 41 Rest of Asia-Pacific Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 42 Rest of Asia-Pacific Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 43 Middle East and Africa Floating Offshore Wind Power Market Revenue, By Country, 2020 – 2030 (USD Billion)    
TABLE 44 Middle East and Africa Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 45 Middle East and Africa Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 46 GCC Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 47 GCC Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 48 North Africa Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 49 North Africa Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 50 South Africa Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 51 South Africa Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 52 Rest of Middle East & Africa Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 53 Rest of Middle East & Africa Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 54 Latin America Floating Offshore Wind Power Market Revenue, By Country, 2020 – 2030 (USD Billion)    
TABLE 55 Latin America Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 56 Latin America Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 57 Brazil Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 58 Brazil Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 59 Argentina Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 60 Argentina Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)    
TABLE 61 Rest of Latin America Floating Offshore Wind Power Market Revenue, By Water Depth, 2020 – 2030 (USD Billion)    
TABLE 62 Rest of Latin America Floating Offshore Wind Power Market Revenue, By Turbine Capacity, 2020 – 2030 (USD Billion)
TABLE 63 Company Market Ranking    
TABLE 64 Regional Footprint    
TABLE 65 Component Benchmarking    
TABLE 66 Recent Developments    
TABLE 67 Winning Imperatives

LIST OF FIGURES

FIG. 1 Market Segmentation    
FIG. 2 Research Timeline    
FIG. 3 Global Floating Offshore Wind Power Market 2020-2030 (USD Billion)    
FIG. 4 Global Floating Offshore Wind Power Market Geographical Analysis (CAGR %)    
FIG. 5 Global Floating Offshore Wind Power Absolute Market Opportunity (USD Billion)    
FIG. 6 Global Floating Offshore Wind Power Market Attractiveness (USD Billion)    
FIG. 7 Global Floating Offshore Wind Power Market, By Water Depth, 2020-2030 (USD Billion)    
FIG. 8 Global Floating Offshore Wind Power Market, By Turbine Capacity, 2020-2030 (USD Billion)    
FIG. 9 Research Methodology    
FIG. 10 Research Process    
FIG. 11 Bottom-Up Approach    
FIG. 12 Top-Bottom Approach    
FIG. 13 Market Dynamics Overview    
FIG. 14 Porter's Five Forces Analysis    
FIG. 15 Value Chain Analysis    
FIG. 16 Macroeconomic Analysis    
FIG. 17 Global Floating Offshore Wind Power Market Revenue Share, By Water Depth, 2020 and 2030 (%)    
FIG. 18 Global Floating Offshore Wind Power Market Revenue Share, By Turbine Capacity, 2020 and 2030 (%)    
FIG. 19 Global Floating Offshore Wind Power Market Revenue Share, By Geographic Regions, 2020 and 2030 (%)    
FIG. 20 Market Size and Projections, 2020 - 2030 (USD Billion)    
FIG. 21 North America Floating Offshore Wind Power Market Overview Share, By Countries, 2020 – 2030 (%)    
FIG. 22 Market Size and Projections, 2020 - 2030 (USD Billion)    
FIG. 23 Europe Floating Offshore Wind Power Market Overview Share, By Countries, 2020 – 2030 (%)    
FIG. 24 Market Size and Projections, 2020 - 2030 (USD Billion)    
FIG. 25 Asia-Pacific Floating Offshore Wind Power Market Overview Share, By Countries, 2020 – 2030 (%)    
FIG. 26 Market Size and Projections, 2020 - 2030 (USD Billion)    
FIG. 27 Middle East & Africa Floating Offshore Wind Power Market Overview Share, By Countries, 2020 – 2030 (%)    
FIG. 28 Market Size and Projections, 2020 - 2030 (USD Billion)    
FIG. 29 Latin America Floating Offshore Wind Power Market Overview Share, By Countries, 2020 – 2030 (%)    
FIG. 30 Key Strategic Development    
FIG. 31 Key Facts    
FIG. 32 Financial Overview    
FIG. 33 SWOT Analysis.

CHOOSE LICENCE TYPE
CUSTOMIZATION OFFERED
  • Check Icon Additional Company Profiles
  • Check Icon Additional Countries
  • Check Icon Cross Segment Analysis
  • Check Icon Regional Market Dynamics
  • Check Icon Country-Level Trend Analysis
  • Check Icon Competitive Landscape Customization
  • Check Icon Extended Forecast Years
  • Check Icon Historical Data Up to 5 Years
Frequently Asked Questions (FAQ's)
The global floating offshore wind power market is projected to reach USD 17.44 billion by 2030, growing at a CAGR of 44.62% from 2023 to 2030.
The global floating offshore wind power market was valued at USD 0.92 billion in 2022.
The floating offshore wind power market growth is accelerated by the proliferating demand for fixed offshore wind farms that paved the way for the development of floating offshore wind energy, which are expected to drive the market growth during the forecast period.
Top manufacturers of floating offshore wind power market are TotalEnergies, Shell , Doosan Corporation, Hitachi Energy Ltd., Vestas, Iberdrola, S.A., Equinor ASA, Siemens Gamesa Renewable Energy, S.A.U., NEXANS, GENERAL ELECTRIC, and others.
Europe is expected to be the fastest growing region over the forecast period (2023-2030).
By water depth, deep water will hold the maximum share in floating offshore wind power market with the revenue value by 2030.
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