The global market for Floating Offshore Wind Power was estimated to be worth US$ 3024 million in 2024 and is forecast to a readjusted size of US$ 9185 million by 2031 with a CAGR of 17.3% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Floating Offshore Wind Power cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Floating offshore wind power refers to the installation of wind turbine generators on platforms floating on the sea surface, rather than being fixed on the seabed as in traditional offshore wind power. This technology enables wind power generation to extend to deeper sea areas and make full use of stronger wind energy resources.
Floating wind power technology is constantly maturing, especially in its application in deep water areas.
Enterprises are increasing their investment in research and development to enhance the efficiency of floating wind power and reduce costs.
Market expansion
Europe is currently the largest market for floating wind power and is expected to account for 6% of the global total installed capacity of offshore wind power by 2033.
The Asia-Pacific region, especially China, will become an important growth point for floating wind power.
The United States and Canada are also actively laying out the floating wind power market.
Policy support
Governments around the world are constantly increasing their support for clean energy, promoting the development of floating wind power.
China and European countries have introduced a series of policies to encourage the development of floating wind power.
The industrial chain is complete.
The floating wind power industry chain is gradually improving, including wind turbines, mooring and foundation structures, dynamic cables, step-up and converter stations, etc.
Chinese enterprises are accelerating the construction of the floating wind power industry chain to enhance their international competitiveness.
This report aims to provide a comprehensive presentation of the global market for Floating Offshore Wind Power, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Floating Offshore Wind Power by region & country, by Type, and by Application.
The Floating Offshore Wind Power market size, estimations, and forecasts are provided in terms of sales volume (MW) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. 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 Offshore Wind Power.
Market Segmentation
By Company
- Equinor
- MHI Vestas Offshore Wind
- Naval Energies
- Principle Power
- Mingyang Smart Energy Group
- BW Ideol
- Iberdrola
- Doosan
- General Electric
- Hitachi ABB
Segment by Type
- Spar-Buoy
- Semi-submersible
- Tension Leg Platform (TLP)
Segment by Application
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). 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 Offshore Wind Power manufacturers competitive landscape, price, sales and 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: Sales, revenue of Floating Offshore 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: Sales, revenue of Floating Offshore 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 sales, revenue, price, 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 Offshore Wind Power Product Introduction
- 1.2 Global Floating Offshore Wind Power Market Size Forecast
- 1.2.1 Global Floating Offshore Wind Power Sales Value (2020-2031)
- 1.2.2 Global Floating Offshore Wind Power Sales Volume (2020-2031)
- 1.2.3 Global Floating Offshore Wind Power Sales Price (2020-2031)
- 1.3 Floating Offshore Wind Power Market Trends & Drivers
- 1.3.1 Floating Offshore Wind Power Industry Trends
- 1.3.2 Floating Offshore Wind Power Market Drivers & Opportunity
- 1.3.3 Floating Offshore Wind Power Market Challenges
- 1.3.4 Floating Offshore 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 Offshore Wind Power Players Revenue Ranking (2024)
- 2.2 Global Floating Offshore Wind Power Revenue by Company (2020-2025)
- 2.3 Global Floating Offshore Wind Power Players Sales Volume Ranking (2024)
- 2.4 Global Floating Offshore Wind Power Sales Volume by Company Players (2020-2025)
- 2.5 Global Floating Offshore Wind Power Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Floating Offshore Wind Power Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Floating Offshore Wind Power Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Floating Offshore Wind Power
- 2.9 Floating Offshore Wind Power Market Competitive Analysis
- 2.9.1 Floating Offshore Wind Power Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Floating Offshore Wind Power Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Floating Offshore Wind Power as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Spar-Buoy
- 3.1.2 Semi-submersible
- 3.1.3 Tension Leg Platform (TLP)
- 3.2 Global Floating Offshore Wind Power Sales Value by Type
- 3.2.1 Global Floating Offshore Wind Power Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Floating Offshore Wind Power Sales Value, by Type (2020-2031)
- 3.2.3 Global Floating Offshore Wind Power Sales Value, by Type (%) (2020-2031)
- 3.3 Global Floating Offshore Wind Power Sales Volume by Type
- 3.3.1 Global Floating Offshore Wind Power Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Floating Offshore Wind Power Sales Volume, by Type (2020-2031)
- 3.3.3 Global Floating Offshore Wind Power Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Floating Offshore Wind Power Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Government
- 4.1.2 Private
- 4.2 Global Floating Offshore Wind Power Sales Value by Application
- 4.2.1 Global Floating Offshore Wind Power Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Floating Offshore Wind Power Sales Value, by Application (2020-2031)
- 4.2.3 Global Floating Offshore Wind Power Sales Value, by Application (%) (2020-2031)
- 4.3 Global Floating Offshore Wind Power Sales Volume by Application
- 4.3.1 Global Floating Offshore Wind Power Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Floating Offshore Wind Power Sales Volume, by Application (2020-2031)
- 4.3.3 Global Floating Offshore Wind Power Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Floating Offshore Wind Power Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Floating Offshore Wind Power Sales Value by Region
- 5.1.1 Global Floating Offshore Wind Power Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Floating Offshore Wind Power Sales Value by Region (2020-2025)
- 5.1.3 Global Floating Offshore Wind Power Sales Value by Region (2026-2031)
- 5.1.4 Global Floating Offshore Wind Power Sales Value by Region (%), (2020-2031)
- 5.2 Global Floating Offshore Wind Power Sales Volume by Region
- 5.2.1 Global Floating Offshore Wind Power Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Floating Offshore Wind Power Sales Volume by Region (2020-2025)
- 5.2.3 Global Floating Offshore Wind Power Sales Volume by Region (2026-2031)
- 5.2.4 Global Floating Offshore Wind Power Sales Volume by Region (%), (2020-2031)
- 5.3 Global Floating Offshore Wind Power Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Floating Offshore Wind Power Sales Value, 2020-2031
- 5.4.2 North America Floating Offshore Wind Power Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Floating Offshore Wind Power Sales Value, 2020-2031
- 5.5.2 Europe Floating Offshore Wind Power Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Floating Offshore Wind Power Sales Value, 2020-2031
- 5.6.2 Asia Pacific Floating Offshore Wind Power Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Floating Offshore Wind Power Sales Value, 2020-2031
- 5.7.2 South America Floating Offshore Wind Power Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Floating Offshore Wind Power Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Floating Offshore Wind Power Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Floating Offshore Wind Power Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Floating Offshore Wind Power Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Floating Offshore Wind Power Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Floating Offshore Wind Power Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Floating Offshore Wind Power Sales Value, 2020-2031
- 6.3.2 United States Floating Offshore Wind Power Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Floating Offshore Wind Power Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Floating Offshore Wind Power Sales Value, 2020-2031
- 6.4.2 Europe Floating Offshore Wind Power Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Floating Offshore Wind Power Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Floating Offshore Wind Power Sales Value, 2020-2031
- 6.5.2 China Floating Offshore Wind Power Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Floating Offshore Wind Power Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Floating Offshore Wind Power Sales Value, 2020-2031
- 6.6.2 Japan Floating Offshore Wind Power Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Floating Offshore Wind Power Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Floating Offshore Wind Power Sales Value, 2020-2031
- 6.7.2 South Korea Floating Offshore Wind Power Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Floating Offshore Wind Power Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Floating Offshore Wind Power Sales Value, 2020-2031
- 6.8.2 Southeast Asia Floating Offshore Wind Power Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Floating Offshore Wind Power Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Floating Offshore Wind Power Sales Value, 2020-2031
- 6.9.2 India Floating Offshore Wind Power Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Floating Offshore Wind Power Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Equinor
- 7.1.1 Equinor Company Information
- 7.1.2 Equinor Introduction and Business Overview
- 7.1.3 Equinor Floating Offshore Wind Power Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Equinor Floating Offshore Wind Power Product Offerings
- 7.1.5 Equinor Recent Development
- 7.2 MHI Vestas Offshore Wind
- 7.2.1 MHI Vestas Offshore Wind Company Information
- 7.2.2 MHI Vestas Offshore Wind Introduction and Business Overview
- 7.2.3 MHI Vestas Offshore Wind Floating Offshore Wind Power Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 MHI Vestas Offshore Wind Floating Offshore Wind Power Product Offerings
- 7.2.5 MHI Vestas Offshore Wind Recent Development
- 7.3 Naval Energies
- 7.3.1 Naval Energies Company Information
- 7.3.2 Naval Energies Introduction and Business Overview
- 7.3.3 Naval Energies Floating Offshore Wind Power Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Naval Energies Floating Offshore Wind Power Product Offerings
- 7.3.5 Naval Energies Recent Development
- 7.4 Principle Power
- 7.4.1 Principle Power Company Information
- 7.4.2 Principle Power Introduction and Business Overview
- 7.4.3 Principle Power Floating Offshore Wind Power Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Principle Power Floating Offshore Wind Power Product Offerings
- 7.4.5 Principle Power Recent Development
- 7.5 Mingyang Smart Energy Group
- 7.5.1 Mingyang Smart Energy Group Company Information
- 7.5.2 Mingyang Smart Energy Group Introduction and Business Overview
- 7.5.3 Mingyang Smart Energy Group Floating Offshore Wind Power Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Mingyang Smart Energy Group Floating Offshore Wind Power Product Offerings
- 7.5.5 Mingyang Smart Energy Group Recent Development
- 7.6 BW Ideol
- 7.6.1 BW Ideol Company Information
- 7.6.2 BW Ideol Introduction and Business Overview
- 7.6.3 BW Ideol Floating Offshore Wind Power Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 BW Ideol Floating Offshore Wind Power Product Offerings
- 7.6.5 BW Ideol Recent Development
- 7.7 Iberdrola
- 7.7.1 Iberdrola Company Information
- 7.7.2 Iberdrola Introduction and Business Overview
- 7.7.3 Iberdrola Floating Offshore Wind Power Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Iberdrola Floating Offshore Wind Power Product Offerings
- 7.7.5 Iberdrola Recent Development
- 7.8 Doosan
- 7.8.1 Doosan Company Information
- 7.8.2 Doosan Introduction and Business Overview
- 7.8.3 Doosan Floating Offshore Wind Power Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Doosan Floating Offshore Wind Power Product Offerings
- 7.8.5 Doosan Recent Development
- 7.9 General Electric
- 7.9.1 General Electric Company Information
- 7.9.2 General Electric Introduction and Business Overview
- 7.9.3 General Electric Floating Offshore Wind Power Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 General Electric Floating Offshore Wind Power Product Offerings
- 7.9.5 General Electric Recent Development
- 7.10 Hitachi ABB
- 7.10.1 Hitachi ABB Company Information
- 7.10.2 Hitachi ABB Introduction and Business Overview
- 7.10.3 Hitachi ABB Floating Offshore Wind Power Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 Hitachi ABB Floating Offshore Wind Power Product Offerings
- 7.10.5 Hitachi ABB Recent Development
8 Industry Chain Analysis
- 8.1 Floating Offshore Wind Power Industrial Chain
- 8.2 Floating Offshore 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 Offshore Wind Power Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Floating Offshore Wind Power Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer