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Europe Fixed Offshore Wind Energy Market Share

Report ID: GMI11425
Published Date: Sep 2024
Report Format: PDF

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Europe Fixed Offshore Wind Energy Market Share

Europe fixed offshore wind energy industry is competitive and rapidly evolving, driven by the increasing demand for clean energy solutions. It is characterized by a mix of established energy companies, turbine manufacturers, project developers, and new entrants focused on leveraging renewable energy technologies. Major companies often collaborate with financial institutions and governments to secure funding for large-scale projects, leading to strategic partnerships and joint ventures.

Europe Fixed Offshore Wind Energy Market Companies

Eminent players operating in the Europe fixed offshore wind energy industry are:

Enessere
Furukawa Electric
General Electric
Goldwind
IMPSA
LS Cable & System
Nexans
Orsted
Prysmian Group
Siemens Gamesa Renewable Energy
Southwire Company
Sumitomo Electric Industries
Vestas

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size for fixed offshore wind energy in Europe reached USD 8.6 Billion in 2023 and will register a 16.5% CAGR during 2024-2032, driven by the lower costs, making offshore wind more competitive with other forms of energy.

The >2 to 5 MW segment is anticipated to cross USD 6.5 billion by 2032 owing to enhanced deployment across smaller or nearshore projects, to help countries build experience in offshore wind deployment.

Germany market is set to grow more than USD 2 Billion by 2032, led by the country’s ambitious renewable energy targets and the need for decarbonization.

LS Cable & System, Nexans, Orsted, Prysmian Group, and Siemens Gamesa Renewable Energy, among others.