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Offshore Wind Energy Market Share

Report ID: GMI229
Published Date: Aug 2024
Report Format: PDF

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Offshore Wind Energy Market Share

Offshore Wind Energy Company Market Share

Eminent market players are continuously investing in research and development to innovate new reactor technologies, enhance safety features, and improve operational efficiency. Diversification of product portfolios is another key approach, allowing companies to offer a range of Offshore Wind energy solutions tailored to different market segments and customer needs. Prominent players are following expansion and market penetration to tap into emerging markets with growing energy demands and participate in international projects to broaden their customer base.

Offshore Wind Energy Market Companies

Eminent players operating in the offshore wind energy industry are:

ENESSERE S.r.l.
FURUKAWA ELECTRIC CO., LTD
General Electric
Global Energy (Group) Limited
Goldwind
IMPSA
LS Cable & System Ltd.
Nexans
Nordex SE
Prysmian Group
Siemens Gamesa Renewable Energy
Sumitomo Electric Industries, Ltd.
Southwire Company, LLC
Suzlon Energy Limited
Vestas
WEG

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of offshore wind energy crossed USD 73.70 billion in 2023 and is predicted to depict over 17.5% gains through 2032, fueled by strong investments in renewable energy sources and favorable regulatory policies.

The > 0 to <30 m depth segment is poised to rise more than 9% by 2032, driven by favorable regulatory policies and strong government investments.

The APAC market share is poised to increase by more than 12% by 2032, owing to rapid infrastructure expansion initiatives and rising demand for electricity.

Key participants operating in the industry include ENERCON GmbH, Bergey Windpower Co., JDR Cable Systems Ltd., Clipper Windpower, NKT A/S, Vattenfall AB, Northland Power, Inc., among others.