Floating Wind Turbine Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2032

The report on the global floating wind turbine market provides qualitative and quantitative analysis for the period from 2022-2032. The global floating wind turbine market is projected to grow at a CAGR of 7.38% between 2024 and 2032, expanding from USD 20642.52 million in 2023 to USD 38629.98 million in 2032. The study on floating wind turbine market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2022-2032.

The report on floating wind turbine market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global floating wind turbine market over the period of 2022-2032. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global floating wind turbine market over the period of 2022-2032. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

• The increasing shift toward clean energy generation is driving the growth of the floating wind turbine market.
• Rising investments in sustainable energy development are expected to stimulate the growth of the floating wind turbine market.

2) Restraints

• High capital investments can hamper the growth of the floating wind turbine market.

3) Opportunities

• Technological advancements can provide lucrative opportunities for the growth of the floating wind turbine market.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global floating wind turbine market is segmented on the basis of capacity.

The Global Floating Wind Turbine Market by Capacity

• Below 10 MV
• 10-20 MV
• Above 20 MV

Company Profiles

The companies covered in the report include

• Vestas
• Siemens Gamesa Renewable Energy S.A.U.
• GE Vernova
• Goldwind
• Equinor ASA
• CSSC
• Mingyang Smart Energy Group Co., Ltd
• Principle Power
• Others

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the floating wind turbine market.
2. Complete coverage of all the segments in the floating wind turbine market to analyze the trends, developments in the global market and forecast of market size up to 2032.
3. Comprehensive analysis of the companies operating in the global floating wind turbine market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.