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North America Offshore Wind Turbine Market Share

Report ID: GMI9523
Published Date: May 2024
Report Format: PDF

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North America Offshore Wind Turbine Market Share

North America Offshore Wind Turbine Company Market Share

These alliances can take various forms, including joint ventures, strategic partnerships, and consortia, each serving different purposes such as technology development, market expansion, and policy advocacy. Innovations in turbine foundation designs, cable installation techniques, and environmental impact mitigation will lead to collaborative projects. Further, development of strategic research agendas, fostering collaboration between industry and academia, and influencing EU energy policies will drive the competitive landscape.

North America Offshore Wind Turbine Market Companies

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

Bergey Windpower Co.
Envision Group
ENERCON GmbH
General Electric Company
Goldwind
NORDEX SE
Ørsted A/S
Siemens Gamesa Renewable Energy
Suzlon Energy Limited
Vestas
WEG

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of North America offshore wind turbine was reached USD 1.15 billion in 2023 and is expected to register 22.4% CAGR from 2024 to 2032, owing to its crucial role in reducing greenhouse gas emissions and combating climate change, aligning with state and federal climate goals.

North America offshore wind turbine industry from the >5? 8 MW segment is expected to reach over USD 4.25 billion by 2032 due to offering offer higher power generation capacities compared to earlier models.

The U.S. offshore wind turbine industry is expected to record over USD 6.19 billion by 2032 due to initiatives such as the Department of Energy's Wind Energy Technologies Office and tax incentives like the Investment Tax Credit (ITC) and Production Tax Credit (PTC) in the region.

Bergey Windpower Co., Envision Group, ENERCON GmbH, General Electric Company, Goldwind, NORDEX SE, Ørsted A/S, Siemens Gamesa Renewable Energy, Suzlon Energy Limited, Vestas, and WEG, are some of the major offshore wind turbine companies in North America.