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Offshore Wind Energy Market Share

  • Report ID: GMI229
  • Published Date: Jan 2023
  • Report Format: PDF

Offshore Wind Energy Market Share

Top companies operating in the offshore wind energy market are

  • Nexans
  • Prysmian Group
  • Sumitomo Electric Industries, Ltd.
  • Southwire Company, LLC
  • FURUKAWA ELECTRIC CO., LTD
  • LS Cable & System Ltd
  • IMPSA
  • Vestas
  • ENESSERE S.r.l.
  • General Electric

Many of these companies are focusing on product innovations to gain a competitive advantage. For instance, in November 2020, German engineering firm, Siemens Gamesa Renewable Energy, S.A., unveiled a new advanced low-wind turbine, SG 4.7-155. The product features an operating range of 4 MW to 5 MW and is equipped with 76 m blades and OptimaFlex technology.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of offshore wind energy crossed USD 73.70 billion in 2023 and is predicted to depict over 17.5% gains through 2032, fueled by strong investments in renewable energy sources and favorable regulatory policies.

The > 0 to <30 m depth segment is poised to rise more than 9% by 2032, driven by favorable regulatory policies and strong government investments.

The APAC market share is poised to increase by more than 12% by 2032, owing to rapid infrastructure expansion initiatives and rising demand for electricity.

Key participants operating in the industry include ENERCON GmbH, Bergey Windpower Co., JDR Cable Systems Ltd., Clipper Windpower, NKT A/S, Vattenfall AB, Northland Power, Inc., among others.

Offshore Wind Energy Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 30
  • Tables & Figures: 1979
  • Countries covered: 22
  • Pages: 1000
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