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Europe Offshore Wind Energy Market Share

Report ID: GMI6165
Published Date: Jul 2023
Report Format: PDF

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Europe Offshore Wind Energy Market Share

Operating manufacturers across the European offshore wind energy market are actively involved in inorganic strategic ventures & mergers to capture business share. Eminent players operating in the business landscape comprise of:

Envision Group
Senvion
RTS Wind AG
Suzlon Energy Limited
WEG
Global Energy (Group) Limited
Siemens Gamesa Renewable Energy
Ørsted
Prysmian Group
Nexans
Sumitomo Electric Industries, Ltd
LS Cable & System Ltd
FURUKAWA ELECTRIC CO., LTD
ENESSERE S.r.l.
Vestas,
General Electric
Goldwind
Simply Blue Group
Enercon GmbH.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of Europe offshore wind energy reached USD 33.88 billion in 2023 and is poised to expand at 19.9% CAGR during 2024 – 2032, on account of unexplored wind energy potential along with expansion of available wind sources.

The Europe floating offshore wind turbines sector is expected to register over 49% growth rate till 2032, owing to significant advancements in the technology including floating platform design, mooring systems, and dynamic control mechanisms.

Ambitious renewable energy targets to reduce the greenhouse gas emissions and combat climate change is propelling the demand for setting up new wind energy fields in Denmark, adding to the overall business valuation.

Envision Group, Senvion, RTS Wind AG, Suzlon Energy Limited, WEG, Global Energy (Group) Limited, Siemens Gamesa Renewable Energy, Ørsted, Prysmian Group, Nexans, Sumitomo Electric Industries, Ltd., LS Cable & System Ltd. among others.