{"id":124076,"date":"2026-07-07T09:28:33","date_gmt":"2026-07-07T09:28:33","guid":{"rendered":"https:\/\/www.europesays.com\/dk\/124076\/"},"modified":"2026-07-07T09:28:33","modified_gmt":"2026-07-07T09:28:33","slug":"floating-offshore-wind-industry-report-2026-global-market-to-surpass-25-billion-by-2031-with-ge-vernova-siemens-gamesa-renewable-energy-vestas-wind-systems-mingyang-smart-energy-dominating","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/dk\/124076\/","title":{"rendered":"Floating Offshore Wind Industry Report 2026: Global Market to Surpass $25 Billion by 2031 with GE Vernova, Siemens Gamesa Renewable Energy, Vestas Wind Systems, Mingyang Smart Energy Dominating"},"content":{"rendered":"

\"Company<\/a> Company Logo <\/p>\n

The global floating offshore wind market is poised to skyrocket from USD 3.16 billion in 2026 to USD 25.40 billion by 2031, growing at a CAGR of 51.7%. This expansion is driven by the increasing integration of floating wind technology in national energy strategies, facilitating access to superior wind resources in deep waters. As nations like those in Europe, Asia Pacific, and North America enhance policy incentives, the sector benefits from major investments and project announcements. The 11-15 MW turbine segment, known for its efficiency and reliability, is expected to lead growth. Meanwhile, the floating platforms segment remains dominant due to its role in deep-water deployment. Major industry players such as GE Vernova, Siemens Gamesa, and Vestas are spearheading innovations in floating platforms and turbine integration, strengthening the market’s maturity and project scalability. <\/p>\n

Floating Offshore Wind Market <\/p>\n

\"Floating<\/a> Floating Offshore Wind Market <\/p>\n

Dublin, May 11, 2026 (GLOBE NEWSWIRE)<\/a> — The “Floating Offshore Wind Market by Turbine Rating, Floating Platform, Component, Depth, & Region – Global Forecast to 2031”<\/a> has been added to ResearchAndMarkets.com’s offering.<\/p>\n

<\/a> <\/p>\n

The global floating offshore wind market is expected to surge, reaching USD 25.40 billion by 2031 from USD 3.16 billion in 2026, growing at a CAGR of 51.7% <\/p>\n

This rapid expansion underscores the ongoing shift towards cleaner energy systems and the crucial role of offshore wind in national decarbonization strategies. Floating wind technology allows energy developers to access deeper waters with robust wind resources, making it vital for countries with limited shallow-water opportunities. <\/p>\n

Governments in Europe, Asia Pacific, and North America are launching policy incentives, auction mechanisms, and setting long-term offshore wind targets, which are driving large-scale investments and expanding the project pipeline. As supply chains mature and platform designs standardize, the cost competitiveness of floating offshore wind improves, reinforcing its growth trajectory. <\/p>\n

Technological advances and industry collaboration accelerate market readiness and commercial viability. Improvements in floating platforms, mooring systems, and subsea transmission infrastructure reduce project complexities, allowing developers to scale beyond pilot installations. Collaboration between major utilities, renewable energy developers, and transitioning oil & gas companies is unlocking new deployment zones, catalyzing multi-gigawatt project announcements in key markets such as the UK, Japan, France, and the US. <\/p>\n

The market is led by established global industry leaders like GE Vernova (US), Siemens Gamesa Renewable Energy (Spain), Vestas Wind Systems A\/S (Denmark), Mingyang Smart Energy Group Co., Ltd. (China), and others, driving innovation and large-scale project deployment. <\/p>\n

11-15 MW Segment Growth <\/p>\n

The 11-15 MW turbine segment is anticipated to experience the highest growth during the forecast period due to its balance between technological maturity and economic efficiency. These turbines offer higher energy output per unit and reduce the number of installations needed per project, thereby lowering costs. Proven designs, established supply chains, and greater bankability make them the preferred choice for developers. <\/p>\n

Floating Platforms Market Share <\/p>\n

The floating platforms segment held the largest market share in 2025, essential for offshore deployment in deep-water areas where fixed foundations are impractical. As global offshore wind development ventures further offshore, demand for advanced floating substructures continues to rise. Global commercialization of large-scale floating wind projects is boosting investment in platform design and manufacturing capacity, maintaining their leadership in the market. <\/p>\n

Primary Breakdown
Extensive interviews with industry experts, C-level executives, and key market players provided quantitative and qualitative insights to assess future market prospects. Primary interviews distribution: 30% Tier 1, 55% Tier 2, and 15% Tier 3 companies; 30% C-Level, 20% D-Level, and 50% Others positions; 30% Europe, 60% Asia Pacific, and 10% Rest of the World. <\/p>\n

Key Benefits <\/p>\n

Designed for industry leaders and newcomers, the report delivers reliable revenue forecasts and enables stakeholders to understand the competitive landscape, formulating effective market strategies. The insights assist stakeholders in making informed decisions in the evolving floating offshore wind market environment. <\/p>\n

Drivers include access to deep-water wind resources and targets for national energy security and decarbonization. <\/p>\n

Challenges involve capital expenditure compared to fixed-bottom offshore wind and technical complexities. <\/p>\n

Opportunities exist in untapped markets like the Asia Pacific and the first-mover advantage for developers. <\/p>\n

Increasing government support and project pipeline growth characterize market development, while geographic expansion and integration with hybrid energy systems drive diversification. <\/p>\n

Key Attributes: <\/p>\n

Report Attribute <\/p>\n

Details <\/p>\n

No. of Pages <\/p>\n

295 <\/p>\n

Forecast Period <\/p>\n

2026 – 2031 <\/p>\n

Estimated Market Value (USD) in 2026 <\/p>\n

$3.16 Billion <\/p>\n

Forecasted Market Value (USD) by 2031 <\/p>\n

$25.4 Billion <\/p>\n

Compound Annual Growth Rate <\/p>\n

51.7% <\/p>\n

Regions Covered <\/p>\n

Global <\/p>\n

Market Dynamics <\/p>\n

Drivers <\/p>\n

Access to Deep-Water, High-Quality Wind Resources <\/p>\n

National Energy Security and Decarbonization Targets <\/p>\n

Rapid Technological Maturation of Floating Platforms <\/p>\n

Restraints <\/p>\n

Opportunities <\/p>\n

Challenges <\/p>\n

Company Profiles <\/p>\n

GE Vernova <\/p>\n

Siemens Gamesa Renewable Energy <\/p>\n

Vestas Wind Systems A\/S <\/p>\n

Mingyang Smart Energy Group Co. Ltd <\/p>\n

Goldwind <\/p>\n

SBM Offshore <\/p>\n

Saipem Spa <\/p>\n

Aker Solutions <\/p>\n

Hexicon Ab <\/p>\n

Shanghai Electric <\/p>\n

HD Hyundai Heavy Industries <\/p>\n

Doosan Enerbility <\/p>\n

Doongfang Electric Corporation <\/p>\n

Envision Group <\/p>\n

BW Ideol <\/p>\n

Principle Power <\/p>\n

X1 Wind <\/p>\n

Japan Marine United Corporation <\/p>\n

Saitec Offshore <\/p>\n

Steisdal <\/p>\n

Nov <\/p>\n

CS Wind Corporation <\/p>\n

Seatrium <\/p>\n

Technip Energies <\/p>\n

Gicon-Gromann Ingenieur Consult GmbH <\/p>\n

Gazelle Wind Power Ltd <\/p>\n

For more information about this report visit https:\/\/www.researchandmarkets.com\/r\/bdszxz<\/a> <\/p>\n

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. <\/p>\n

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