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Europe Floating Offshore Wind Energy Market Trends

Report ID: GMI9369
Published Date: May 2024
Report Format: PDF

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Europe Floating Offshore Wind Energy Market Trends

Increasing focus on technology innovation including floating platform design, mooring systems, and installation methods and cost reduction strategies to make the industry more competitive with the conventional energy sources will create market opportunities. Additionally, supportive government policies, regulatory framework and incentives for technology innovation have played a crucial role in strengthening the business landscape.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of Europe floating offshore wind energy was reached USD 168.3 million in 2023 and is anticipated to grow at 49.4% CAGR during 2024 to 2032, driven by rising focus on enhancing energy security and achieving decarbonization targets.

The tower component segment in the Europe floating offshore wind energy industry is anticipated to grow by more than USD 2 billion by 2032, led by rising advancements in tower design and construction.

Germany floating offshore wind energy market will exceed USD 337.9 million by 2032, owing to a supportive policy environment and regulatory framework for offshore wind energy.

Blue Gem Wind, Diamond Offshore Wind, Equinor ASA, Flotation Energy, General Electric, IberBlue Wind, Nexans, Ørsted A/S, Prysmian Group, Principle Power Inc., and RWE among others.