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Floating Offshore Wind Energy Market Share

Report ID: GMI6147
Published Date: Aug 2024
Report Format: PDF

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Floating Offshore Wind Energy Market Share

North America Floating Offshore Wind Energy Market Size, By Component, 2022-2032 (USD Million)

The competitive landscape in the floating offshore wind energy sector is evolving rapidly, with several key players and emerging technologies shaping the market. The competitive landscape in floating offshore wind energy is dynamic, with established energy companies and innovative startups driving progress. As the technology matures and costs decrease, floating offshore wind is poised to become a significant contributor to the global renewable energy mix.

Floating Offshore Wind Energy Market Companies

Eminent players operating in the floating offshore wind energy industry are:

Equinor ASA
General Electric
Global Energy (Group) Limited
Hexicon
Nexans
Ørsted A/S
Prysmian Group
RWE
Sumitomo Electric Industries, Ltd.
Simply Blue Group
Siemens Gamesa Renewable Energy
Vattenfall AB
Vestas

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of floating offshore wind energy was worth over USD 201.5 million in 2023 and will expand at 46.7% CAGR between 2024 and 2032, propelled by the need for renewable energy sources to combat climate change and reduce reliance on fossil fuels.

Floating offshore wind energy market from the vertical axis segment will achieve more than 69% share by 2032, fueled by its inherent advantages in low-wind conditions and its ability to capture wind from any direction.

North America floating offshore wind energy industry will record USD 490 million by 2032, owing to its extensive coastline, favorable wind conditions, and significant investments in renewable energy infrastructure.

Key players operating in the floating offshore wind energy industry are Equinor ASA, General Electric, Global Energy (Group) Limited, Hexicon, Nexans,