Floating Wind Turbine Market Size 2024-2028
The floating wind turbine market size is forecast to increase by USD 7.2 billion at a CAGR of 80.08% between 2023 and 2028. The sustainable energy market is witnessing significant growth in the adoption of floating wind turbines due to several driving factors. Favorable government regulations encourage the construction of wind farms in offshore locations, leading to the expansion of the market. The decline in the levelized cost of energy (LCOE) for wind power generation makes floating wind turbines a cost-effective solution for generating electricity, reducing greenhouse gas emissions and carbon footprint. However, competition from alternative renewable energy sources, such as solar and onshore wind, poses a challenge to the market's growth. To stay competitive, market players must focus on innovation and efficiency to reduce the LCOE of floating wind turbines and improve their performance in harsh oceanic conditions.
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Capacity
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
5 Additional Value/Volume Data
- 5.1 Global floating wind turbine market 2018 - 2022 ($ million)
- Market Size (value) - Data Table on Global floating wind turbine market 2018 - 2022 ($ million)
- 5.2 Global floating wind turbine market by Geography 2018 - 2022 ($ million)
- Market Size (value) - Data Table on Global floating wind turbine market by Geography 2018 - 2022 ($ million)
- 5.3 Global floating wind turbine market by Capacity 2018 - 2022 ($ million)
- Market Size (value) - Data Table on Global floating wind turbine market by Capacity 2018 - 2022 ($ million)
- 5.4 Global floating wind turbine market by Type 2018 - 2022 ($ million)
- Market Size (value) - Data Table on Global floating wind turbine market by Type 2018 - 2022 ($ million)
- 5.5 Global floating wind turbine market by country 2018 - 2022 ($ million)
- Market Size (value) - Data Table on Global floating wind turbine market by Country 2018 - 2022 ($ million)
6 Five Forces Analysis
- 6.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 6.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 6.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 6.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 6.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 6.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 6.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
7 Market Segmentation by Capacity
- 7.1 Market segments
- Chart on Capacity - Market share 2023-2028 (%)
- Data Table on Capacity - Market share 2023-2028 (%)
- 7.2 Comparison by Capacity
- Chart on Comparison by Capacity
- Data Table on Comparison by Capacity
- 7.3 Large-scale - Market size and forecast 2023-2028
- Chart on Large-scale - Market size and forecast 2023-2028 ($ million)
- Data Table on Large-scale - Market size and forecast 2023-2028 ($ million)
- Chart on Large-scale - Year-over-year growth 2023-2028 (%)
- Data Table on Large-scale - Year-over-year growth 2023-2028 (%)
- 7.4 Medium-scale - Market size and forecast 2023-2028
- Chart on Medium-scale - Market size and forecast 2023-2028 ($ million)
- Data Table on Medium-scale - Market size and forecast 2023-2028 ($ million)
- Chart on Medium-scale - Year-over-year growth 2023-2028 (%)
- Data Table on Medium-scale - Year-over-year growth 2023-2028 (%)
- 7.5 Small-scale - Market size and forecast 2023-2028
- Chart on Small-scale - Market size and forecast 2023-2028 ($ million)
- Data Table on Small-scale - Market size and forecast 2023-2028 ($ million)
- Chart on Small-scale - Year-over-year growth 2023-2028 (%)
- Data Table on Small-scale - Year-over-year growth 2023-2028 (%)
- 7.6 Market opportunity by Capacity
- Market opportunity by Capacity ($ million)
- Data Table on Market opportunity by Capacity ($ million)
8 Market Segmentation by Type
- 8.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 8.3 Semi-submersible - Market size and forecast 2023-2028
- Chart on Semi-submersible - Market size and forecast 2023-2028 ($ million)
- Data Table on Semi-submersible - Market size and forecast 2023-2028 ($ million)
- Chart on Semi-submersible - Year-over-year growth 2023-2028 (%)
- Data Table on Semi-submersible - Year-over-year growth 2023-2028 (%)
- 8.4 Spar-buoy - Market size and forecast 2023-2028
- Chart on Spar-buoy - Market size and forecast 2023-2028 ($ million)
- Data Table on Spar-buoy - Market size and forecast 2023-2028 ($ million)
- Chart on Spar-buoy - Year-over-year growth 2023-2028 (%)
- Data Table on Spar-buoy - Year-over-year growth 2023-2028 (%)
- 8.5 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
- 8.6 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
9 Customer Landscape
- 9.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Geographic Landscape
- 10.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)
- 10.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 10.3 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 10.4 Asia - Market size and forecast 2023-2028
- Chart on Asia - Market size and forecast 2023-2028 ($ million)
- Data Table on Asia - Market size and forecast 2023-2028 ($ million)
- Chart on Asia - Year-over-year growth 2023-2028 (%)
- Data Table on Asia - Year-over-year growth 2023-2028 (%)
- 10.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 10.6 Rest of World (ROW) - Market size and forecast 2023-2028
- Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
- Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
- Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
- Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
- 10.7 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 10.8 Portugal - Market size and forecast 2023-2028
- Chart on Portugal - Market size and forecast 2023-2028 ($ million)
- Data Table on Portugal - Market size and forecast 2023-2028 ($ million)
- Chart on Portugal - Year-over-year growth 2023-2028 (%)
- Data Table on Portugal - Year-over-year growth 2023-2028 (%)
- 10.9 Norway - Market size and forecast 2023-2028
- Chart on Norway - Market size and forecast 2023-2028 ($ million)
- Data Table on Norway - Market size and forecast 2023-2028 ($ million)
- Chart on Norway - Year-over-year growth 2023-2028 (%)
- Data Table on Norway - Year-over-year growth 2023-2028 (%)
- 10.10 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 10.11 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
- 10.12 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
11 Drivers, Challenges, and Opportunity/Restraints
- 11.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 11.4 Market opportunities/restraints
12 Competitive Landscape
- 12.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 12.3 Landscape disruption
- Overview on factors of disruption
- 12.4 Industry risks
- Impact of key risks on business
13 Competitive Analysis
- 13.2 Company ranking index
- 13.3 Market positioning of companies
- Matrix on companies position and classification
- 13.4 Doosan Corp.
- Doosan Corp. - Overview
- Doosan Corp. - Business segments
- Doosan Corp. - Key news
- Doosan Corp. - Key offerings
- Doosan Corp. - Segment focus
- SWOT
- 13.5 Eaton Corp. Plc
- Eaton Corp. Plc - Overview
- Eaton Corp. Plc - Business segments
- Eaton Corp. Plc - Key news
- Eaton Corp. Plc - Key offerings
- Eaton Corp. Plc - Segment focus
- SWOT
- 13.6 Electricite de France SA
- Electricite de France SA - Overview
- Electricite de France SA - Business segments
- Electricite de France SA - Key offerings
- Electricite de France SA - Segment focus
- SWOT
- 13.7 EnBW Energie Baden Wurttemberg AG
- EnBW Energie Baden Wurttemberg AG - Overview
- EnBW Energie Baden Wurttemberg AG - Business segments
- EnBW Energie Baden Wurttemberg AG - Key offerings
- EnBW Energie Baden Wurttemberg AG - Segment focus
- SWOT
- 13.8 Equinor ASA
- Equinor ASA - Overview
- Equinor ASA - Business segments
- Equinor ASA - Key news
- Equinor ASA - Key offerings
- Equinor ASA - Segment focus
- SWOT
- 13.9 General Electric Co.
- General Electric Co. - Overview
- General Electric Co. - Business segments
- General Electric Co. - Key news
- General Electric Co. - Key offerings
- General Electric Co. - Segment focus
- SWOT
- 13.10 Hitachi Ltd.
- Hitachi Ltd. - Overview
- Hitachi Ltd. - Business segments
- Hitachi Ltd. - Key news
- Hitachi Ltd. - Key offerings
- Hitachi Ltd. - Segment focus
- SWOT
- 13.11 Ming Yang Smart Energy Group Ltd.
- Ming Yang Smart Energy Group Ltd. - Overview
- Ming Yang Smart Energy Group Ltd. - Business segments
- Ming Yang Smart Energy Group Ltd. - Key offerings
- Ming Yang Smart Energy Group Ltd. - Segment focus
- SWOT
- 13.12 Naval Group
- Naval Group - Overview
- Naval Group - Product / Service
- Naval Group - Key offerings
- SWOT
- 13.13 Nordex SE
- Nordex SE - Overview
- Nordex SE - Business segments
- Nordex SE - Key offerings
- Nordex SE - Segment focus
- SWOT
- 13.14 Principle Power Inc.
- Principle Power Inc. - Overview
- Principle Power Inc. - Product / Service
- Principle Power Inc. - Key offerings
- SWOT
- 13.15 SBM Offshore NV
- SBM Offshore NV - Overview
- SBM Offshore NV - Business segments
- SBM Offshore NV - Key offerings
- SBM Offshore NV - Segment focus
- SWOT
- 13.16 Siemens AG
- Siemens AG - Overview
- Siemens AG - Business segments
- Siemens AG - Key news
- Siemens AG - Key offerings
- Siemens AG - Segment focus
- SWOT
- 13.17 Vestas Wind Systems AS
- Vestas Wind Systems AS - Overview
- Vestas Wind Systems AS - Business segments
- Vestas Wind Systems AS - Key offerings
- Vestas Wind Systems AS - Segment focus
- SWOT
- 13.18 Xinjiang Goldwind Science and Technology Co. Ltd.
- Xinjiang Goldwind Science and Technology Co. Ltd. - Overview
- Xinjiang Goldwind Science and Technology Co. Ltd. - Business segments
- Xinjiang Goldwind Science and Technology Co. Ltd. - Key offerings
- Xinjiang Goldwind Science and Technology Co. Ltd. - Segment focus
- SWOT
14 Appendix
- 14.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 14.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 14.4 Research methodology
- 14.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 14.9 360 degree market analysis
- 360 degree market analysis
- 14.10 List of abbreviations
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