How big is the Offshore Wind Power Market | Manufacturers and Suppliers 2025

What is the size of Offshore Wind Power Market?

As countries strengthen energy security, diversify their power generation mix, and push for large-scale deployment of renewable energy infrastructure across coastal areas to meet sustainability targets and mitigate greenhouse gas emissions, the market is quickly expanding.

Growth Factors for Offshore Wind Power Market

• Growing investment in clean and renewable energy sources by energy developers and utilities
• Declining cost of wind turbine technology and project installation
• Technological advancements in floating turbines expanding offshore access
• Supportive government policies and renewable energy targets driving deployment
• Increased focus on energy transition initiatives by industrial economies

Offshore Wind Power Market Trends

The trends from the Offshore Wind Power Market are changing rapidly in response to advancements in technology, more ability to scale, and increasing attention to sustainability from all stakeholders.

Countries are actively investing in increasing their offshore wind farms to achieve renewable energy targets and decrease dependence on traditional sources of power. Large turbines that deliver more power are rapidly being accepted as the norm, as well as hybrid power generation strategies.

Emerging Developments in the Offshore Wind Power Market

The Offshore Wind Power Market is seeing some recent developments that include expanding leasing programs for offshore wind sites and streamlined approval processes in coastal counties. The floating wind installations being piloted and scaled to access new locations with high winds and difficult deep-water locations, while it is important to maintain full modular construction, and determine port facility availability.

Financing models and insurance capacity are developing to support multi-gigawatt projects and interconnection agreements have improved flow of stable electricity to the onshore grid.

List of Leading Companies in the Offshore Wind Power Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Ørsted

Ørsted is a key player in offshore wind development with multiple utility-scale wind farms deployed across various coastlines.

2. Vestas

Vestas manufactures high-performance offshore wind turbines and provides turnkey wind energy solutions.

3. Siemens Gamesa Renewable Energy

Siemens Gamesa is a major offshore turbine supplier known for large-scale turbine innovation.

4. GE Vernova

GE Vernova designs and manufactures Haliade-X offshore turbines known for their high capacity.

5. MingYang Smart Energy

MingYang focuses on floating and fixed offshore turbines for coastal wind farm projects.

6. Goldwind

Goldwind is a major turbine provider offering offshore wind technologies with advanced blade design.

7. Equinor

Equinor is involved in developing floating and fixed offshore wind farms across multiple regions.

8. RWE Renewables

RWE is a developer and operator of offshore wind energy assets with expanding projects.

9. Copenhagen Infrastructure Partners

CIP invests in large-scale offshore wind projects and infrastructure across multiple markets.

10. EDP Renewables

EDP Renewables has partnered on various offshore wind installations and power purchase deals.

How big is the Offshore Wind Power Market : FAQs