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.
This report contains market size and forecasts of Floating Wind Power in Global, including the following market information:
Global Floating Wind Power Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Floating Wind Power market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Up to 3 MW Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Floating Wind Power include Nordex, MHI Vestas Offshore Wind, GE, Siemens Gamesa Renewable Energy, Hitachi, Envision Energy, ABB, Suzlon Energy and GoldWind and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Floating Wind Power companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Floating Wind Power Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Floating Wind Power Market Segment Percentages, by Type, 2021 (%)
Up to 3 MW
3 MW to 5 MW
Above 5MW
Global Floating Wind Power Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Floating Wind Power Market Segment Percentages, by Application, 2021 (%)
Shallow Water
Transitional Water
Deep Water
Global Floating Wind Power Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Floating Wind Power Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Floating Wind Power revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Floating Wind Power revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Nordex
MHI Vestas Offshore Wind
GE
Siemens Gamesa Renewable Energy
Hitachi
Envision Energy
ABB
Suzlon Energy
GoldWind
Ming Yang Smart Energy Group