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North America Floating Offshore Wind Energy Market Share

Report ID: GMI8969
Published Date: Apr 2024
Report Format: PDF

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North America Floating Offshore Wind Energy Market Share

Eminent market players are developing strategic partnerships and collaborations with other industry stakeholders, research institutions, and government agencies to share expertise, mitigate risks, and accelerate project development. They are investing heavily in research and development to enhance technology and innovation, driving down costs and improving the efficiency of floating offshore wind turbines. Moreover, key players are actively engaging with policymakers to advocate for supportive regulations and incentives that will facilitate the deployment of floating wind projects.

North America Floating Offshore Wind Energy Market Companies

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

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

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

North America floating offshore wind energy market size was USD 24.1 million in 2023 and is expected to register 39.4% CAGR from 2024-2032 owing to rising advancements in technology enabling it to harness the wind energy to generate clean electricity in the region.

North America floating offshore wind energy market from the tower segment is expected to exceed USD 124 million by 2032 due to rising advancements in tower design and engineering enhancing the overall efficiency and productivity of the system.

U.S. floating offshore wind energy industry is expected to cross USD 471 million by 2032 due to its vast maritime territories, abundant wind resources and rising innovation in renewable energy in the country.

Hexicon, Nexans, Ørsted A/S, Principle Power Inc., Prysmian Group, RWE, Siemens Gamesa Renewable Energy, Simply Blue Group, Sumitomo Electric Industries, Ltd, Vattenfall AB, and Vestas Wind Systems A/S, are some of the major floating offshore wind energy companies in North America.