Global Floating Wind Power Market Growth (Status and Outlook) 2024-2030

Global Floating Wind Power Market Growth (Status and Outlook) 2024-2030

According to our LPI (LP Information) latest study, the global Floating Wind Power market size was valued at US$ 2861.4 million in 2023. With growing demand in downstream market, the Floating Wind Power is forecast to a readjusted size of US$ 7974.4 million by 2030 with a CAGR of 15.8% during review period.

The research report highlights the growth potential of the global Floating Wind Power market. Floating Wind Power are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Floating Wind Power. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Floating Wind Power market.

Floating wind power is an offshore wind turbine mounted on a floating structure that allows the turbine to produce electricityin water depths where fixed-foundation turbines are not feasible. offshore wind power plays a significant role in achieving therenewable target in most countries around the world.The floating wind power market is driven by the increasing energydemand and adoption of renewables for energy production.

According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.

Key Features:

The report on Floating Wind Power market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Floating Wind Power market. It may include historical data, market segmentation by Type (e.g., Up to 3 MW, 3 MW to 5 MW), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Floating Wind Power market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Floating Wind Power market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Floating Wind Power industry. This include advancements in Floating Wind Power technology, Floating Wind Power new entrants, Floating Wind Power new investment, and other innovations that are shaping the future of Floating Wind Power.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Floating Wind Power market. It includes factors influencing customer ' purchasing decisions, preferences for Floating Wind Power product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Floating Wind Power market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Floating Wind Power market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Floating Wind Power market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Floating Wind Power industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Floating Wind Power market.

Market Segmentation:

Floating Wind Power market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Segmentation by type
Up to 3 MW
3 MW to 5 MW
Above 5MW

Segmentation by application
Shallow Water
Transitional Water
Deep Water

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Nordex
MHI Vestas Offshore Wind
GE
Siemens Gamesa Renewable Energy
Hitachi
Envision Energy
ABB
Suzlon Energy
GoldWind
Ming Yang Smart Energy Group

Please note: The report will take approximately 2 business days to prepare and deliver.