The global floating wind power market size accounted for US$ 2.9 billion in 2021 and is projected to reach around USD 69.8 billion by 2030, growing at a CAGR of 42.4% from 2022 to 2030.
Floating Wind Power Market Key Takeaways:
- By capacity, the above 5 MW has captured 82% market share in 2021.
- By depth, the deep-water segment has held 58% revenue share in 2021.
- The Europe has dominated the market with 61% revenue share in 2021.
Report Summary
The global floating wind power market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.
The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the floating wind power market across the globe.
A comprehensive estimate on the floating wind power market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of floating wind power during the forecast period. Price point comparison by region with global average price is also considered in the study.
Floating Wind Power Market Scope
| Report Coverage | Details |
| Market Size in 2022 | USD 4.13 Billion |
| Market Size by 2030 | USD 69.8 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 42.4% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Water Depth, Turbine Capacity, and Geography |
Key Highlights:
Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized floating wind power market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.
Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.
Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.
Also Read: Electric Vehicle Power Inverter Market Size Analysis 2022 To 2030
Floating Wind Power Market Players
The report includes the profiles of key floating wind power market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.
Major companies operating in this area are General Electric (US),Vestas (Denmark), Siemens Gamesa (Spain), Goldwind (China), Shanghai Electric Wind Power Equipment Co. (China),ABB (Switzerland), Doosan Heavy Industries and Construction (South Korea), Hitachi (Japan), Nordex SE (Germany), EEW (Germany), Nexans, (France), DEME (Belgium), Ming Yang Smart Energy Group Co, China), Envision (China), Rockwell Automation (US), Hyundai Motor Group (South Korea), Schneider Electric (France), Zhejiang Windey Co.(China), Taiyuan Heavy Industry Co., (China), Sinovel(China)
Market Segmentation
By Water Depth
- Shallow Water
- Transitional water
- Deep Water
By Turbine Capacity
- Up to 3 MW
- 3 MW – 5 MW
- Above 5 MW
Regional Segmentation
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
- Latin America (Brazil and Rest of Latin America)
- Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Research Methodology
Secondary Research
It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to-face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
- In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Floating Wind Power Market
5.1. COVID-19 Landscape: Floating Wind Power Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Floating Wind Power Market, By Water Depth
8.1. Floating Wind Power Market, by Water Depth, 2022-2030
8.1.1. Shallow Water
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Transitional water
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Deep Water
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Floating Wind Power Market, By Turbine Capacity
9.1. Floating Wind Power Market, by Turbine Capacity, 2022-2030
9.1.1. Up to 3 MW
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. 3 MW – 5 MW
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Above 5 MW
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Floating Wind Power Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.1.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.1.3.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.2.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.2.3.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.3.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.3.3.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.4.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.4.3.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.5.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.5.3.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Water Depth (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Turbine Capacity (2017-2030)
Chapter 11. Company Profiles
11.1. General Electric (US),
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Vestas (Denmark)
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Siemens Gamesa (Spain),
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Goldwind (China)
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Shanghai Electric Wind Power Equipment Co. (China),
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. ABB (Switzerland)
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Doosan Heavy Industries and Construction (South Korea)
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Hitachi (Japan)
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Nordex SE (Germany)
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. EEW (Germany)
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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