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Floating Wind Power-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Floating Wind Power market size is expected to reach US$ 8218 million by 2029, growing at a CAGR of 15.2% from 2023 to 2029. The market is mainly driven by the significant applications of Floating Wind Power in various end use industries. The expanding demands from the Shallow Water, Transitional Water and Deep Water,, are propelling Floating Wind Power market. Up to 3 MW, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 3 MW to 5 MW segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Floating Wind Power, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Floating Wind Power market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Floating Wind Power market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Floating Wind Power sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Floating Wind Power covered in this report include Nordex, MHI Vestas Offshore Wind, GE, Siemens Gamesa Renewable Energy, Hitachi, Envision Energy, ABB, Suzlon Energy and GoldWind, etc.
The global Floating Wind Power market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Nordex
MHI Vestas Offshore Wind
GE
Siemens Gamesa Renewable Energy
Hitachi
Envision Energy
ABB
Suzlon Energy
GoldWind
Ming Yang Smart Energy Group
Global Floating Wind Power market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Floating Wind Power market, Segment by Type:
Up to 3 MW
3 MW to 5 MW
Above 5MW
Global Floating Wind Power market, by Application
Shallow Water
Transitional Water
Deep Water
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Floating Wind Power companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
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.
The global Floating Wind Power market size is expected to reach US$ 8218 million by 2029, growing at a CAGR of 15.2% from 2023 to 2029. The market is mainly driven by the significant applications of Floating Wind Power in various end use industries. The expanding demands from the Shallow Water, Transitional Water and Deep Water,, are propelling Floating Wind Power market. Up to 3 MW, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 3 MW to 5 MW segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Floating Wind Power, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Floating Wind Power market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Floating Wind Power market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Floating Wind Power sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Floating Wind Power covered in this report include Nordex, MHI Vestas Offshore Wind, GE, Siemens Gamesa Renewable Energy, Hitachi, Envision Energy, ABB, Suzlon Energy and GoldWind, etc.
The global Floating Wind Power market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Nordex
MHI Vestas Offshore Wind
GE
Siemens Gamesa Renewable Energy
Hitachi
Envision Energy
ABB
Suzlon Energy
GoldWind
Ming Yang Smart Energy Group
Global Floating Wind Power market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Floating Wind Power market, Segment by Type:
Up to 3 MW
3 MW to 5 MW
Above 5MW
Global Floating Wind Power market, by Application
Shallow Water
Transitional Water
Deep Water
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Floating Wind Power companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Floating Wind Power
1.1 Floating Wind Power Market Overview
1.1.1 Floating Wind Power Product Scope
1.1.2 Floating Wind Power Market Status and Outlook
1.2 Global Floating Wind Power Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Floating Wind Power Market Size by Region (2018-2029)
1.4 Global Floating Wind Power Historic Market Size by Region (2018-2023)
1.5 Global Floating Wind Power Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Floating Wind Power Market Size (2018-2029)
1.6.1 North America Floating Wind Power Market Size (2018-2029)
1.6.2 Europe Floating Wind Power Market Size (2018-2029)
1.6.3 Asia-Pacific Floating Wind Power Market Size (2018-2029)
1.6.4 Latin America Floating Wind Power Market Size (2018-2029)
1.6.5 Middle East & Africa Floating Wind Power Market Size (2018-2029)
2 Floating Wind Power Market by Type
2.1 Introduction
2.1.1 Up to 3 MW
2.1.2 3 MW to 5 MW
2.1.3 Above 5MW
2.2 Global Floating Wind Power Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Floating Wind Power Historic Market Size by Type (2018-2023)
2.2.2 Global Floating Wind Power Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Floating Wind Power Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Floating Wind Power Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Floating Wind Power Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Floating Wind Power Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Floating Wind Power Revenue Breakdown by Type (2018-2029)
3 Floating Wind Power Market Overview by Application
3.1 Introduction
3.1.1 Shallow Water
3.1.2 Transitional Water
3.1.3 Deep Water
3.2 Global Floating Wind Power Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Floating Wind Power Historic Market Size by Application (2018-2023)
3.2.2 Global Floating Wind Power Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Floating Wind Power Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Floating Wind Power Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Floating Wind Power Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Floating Wind Power Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Floating Wind Power Revenue Breakdown by Application (2018-2029)
4 Floating Wind Power Competition Analysis by Players
4.1 Global Floating Wind Power Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Floating Wind Power as of 2022)
4.3 Date of Key Players Enter into Floating Wind Power Market
4.4 Global Top Players Floating Wind Power Headquarters and Area Served
4.5 Key Players Floating Wind Power Product Solution and Service
4.6 Competitive Status
4.6.1 Floating Wind Power Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Nordex
5.1.1 Nordex Profile
5.1.2 Nordex Main Business
5.1.3 Nordex Floating Wind Power Products, Services and Solutions
5.1.4 Nordex Floating Wind Power Revenue (US$ Million) & (2018-2023)
5.1.5 Nordex Recent Developments
5.2 MHI Vestas Offshore Wind
5.2.1 MHI Vestas Offshore Wind Profile
5.2.2 MHI Vestas Offshore Wind Main Business
5.2.3 MHI Vestas Offshore Wind Floating Wind Power Products, Services and Solutions
5.2.4 MHI Vestas Offshore Wind Floating Wind Power Revenue (US$ Million) & (2018-2023)
5.2.5 MHI Vestas Offshore Wind Recent Developments
5.3 GE
5.3.1 GE Profile
5.3.2 GE Main Business
5.3.3 GE Floating Wind Power Products, Services and Solutions
5.3.4 GE Floating Wind Power Revenue (US$ Million) & (2018-2023)
5.3.5 Siemens Gamesa Renewable Energy Recent Developments
5.4 Siemens Gamesa Renewable Energy
5.4.1 Siemens Gamesa Renewable Energy Profile
5.4.2 Siemens Gamesa Renewable Energy Main Business
5.4.3 Siemens Gamesa Renewable Energy Floating Wind Power Products, Services and Solutions
5.4.4 Siemens Gamesa Renewable Energy Floating Wind Power Revenue (US$ Million) & (2018-2023)
5.4.5 Siemens Gamesa Renewable Energy Recent Developments
5.5 Hitachi
5.5.1 Hitachi Profile
5.5.2 Hitachi Main Business
5.5.3 Hitachi Floating Wind Power Products, Services and Solutions
5.5.4 Hitachi Floating Wind Power Revenue (US$ Million) & (2018-2023)
5.5.5 Hitachi Recent Developments
5.6 Envision Energy
5.6.1 Envision Energy Profile
5.6.2 Envision Energy Main Business
5.6.3 Envision Energy Floating Wind Power Products, Services and Solutions
5.6.4 Envision Energy Floating Wind Power Revenue (US$ Million) & (2018-2023)
5.6.5 Envision Energy Recent Developments
5.7 ABB
5.7.1 ABB Profile
5.7.2 ABB Main Business
5.7.3 ABB Floating Wind Power Products, Services and Solutions
5.7.4 ABB Floating Wind Power Revenue (US$ Million) & (2018-2023)
5.7.5 ABB Recent Developments
5.8 Suzlon Energy
5.8.1 Suzlon Energy Profile
5.8.2 Suzlon Energy Main Business
5.8.3 Suzlon Energy Floating Wind Power Products, Services and Solutions
5.8.4 Suzlon Energy Floating Wind Power Revenue (US$ Million) & (2018-2023)
5.8.5 Suzlon Energy Recent Developments
5.9 GoldWind
5.9.1 GoldWind Profile
5.9.2 GoldWind Main Business
5.9.3 GoldWind Floating Wind Power Products, Services and Solutions
5.9.4 GoldWind Floating Wind Power Revenue (US$ Million) & (2018-2023)
5.9.5 GoldWind Recent Developments
5.10 Ming Yang Smart Energy Group
5.10.1 Ming Yang Smart Energy Group Profile
5.10.2 Ming Yang Smart Energy Group Main Business
5.10.3 Ming Yang Smart Energy Group Floating Wind Power Products, Services and Solutions
5.10.4 Ming Yang Smart Energy Group Floating Wind Power Revenue (US$ Million) & (2018-2023)
5.10.5 Ming Yang Smart Energy Group Recent Developments
6 North America
6.1 North America Floating Wind Power Market Size by Country (2018-2029)
6.2 United States
6.3 Canada
7 Europe
7.1 Europe Floating Wind Power Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Floating Wind Power Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Floating Wind Power Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Floating Wind Power Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Floating Wind Power Market Dynamics
11.1 Floating Wind Power Industry Trends
11.2 Floating Wind Power Market Drivers
11.3 Floating Wind Power Market Challenges
11.4 Floating Wind Power Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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