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North America Offshore Wind Energy Market Share

Report ID: GMI8932
Published Date: Apr 2024
Report Format: PDF

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North America Offshore Wind Energy Market Share

North America Offshore Wind Energy Company Market Share

Eminent market players are focusing on technology innovation, therefore are investing in research and development to improve the efficiency, reliability, and cost-effectiveness of offshore wind turbines and related infrastructure. Key players are also forming strategic partnerships and collaborations with other industry stakeholders, including government agencies, research institutions, suppliers, and local communities. These partnerships help to leverage expertise, share resources, mitigate risks, and facilitate knowledge transfer, ultimately accelerating the development and deployment of offshore wind projects.

North America Offshore Wind Energy Market Companies

Eminent players operating in the North America Offshore Wind Energy industry are:

Atlantic Shores Offshore Wind
EnBW North America
ENESSERE S.r.l.
FURUKAWA ELECTRIC CO., LTD
General Electric
IMPSA
LS Cable & System Ltd
Nexans
Prysmian Group
RWE Renewables
Shell WindEnergy Inc
Southwire Company, LLC
Sumitomo Electric Industries, Ltd.
US Wind Inc.
Vestas

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

North America offshore wind energy industry size was USD 4.3 billion in 2023 and is expected to register 25% CAGR from 2024-2032 owing to several advantages, including stronger and more consistent wind speeds, and reduced visual and noise impacts on land in the region.

North America offshore wind energy market from the turbine segment is expected to exceed USD 7 billion by 2032 due to its high electrical efficiency, modularity, and scalability, allowing for flexible deployment in various applications and settings.

U.S. offshore wind energy industry is expected to cross USD 26.2 billion by 2032 and is expected to register a commendable CAGR from 2024-2032 due to its diversifying energy sources, reducing greenhouse gas emissions, and creating jobs in the clean energy sector in the country.

ENESSERE S.r.l., General Electric, IMPSA, LS Cable & System Ltd, Nexans, Prysmian Group, RWE Renewables, Shell WindEnergy Inc, Southwire Company, LLC, Sumitomo Electric Industries, Ltd., US Wind Inc., Vestas, are some of the major offshore wind energy companies in North America.