Floating Wind Power Market - Top Companies and Manufacturers

Companies Dominating the Floating Wind Power Landscape

To gain a competitive edge, numerous regional and global players are always developing cutting-edge techniques. To facilitate market expansion, numerous businesses are developing partnership and collaboration plans as well as mergers and acquisitions.

Aker Solutions
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General Electric (GE)
MHI Vestas
ABB Ltd.
Ming Yang Smart Energy Group Co.
Suzlon Energy Limited
Envision Energy
Nordex SE
GoldWind Science & Technology Co., Ltd.
Engie SA

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Floating Wind Power Market Size & Share | Growth Trends 2036

In the News

Aker Solutions has secured a front-end engineering and design (FEED) contract with the Marine Energy Test Centre (METCentre) in Norway to test novel subsea power system technology that has the potential to drastically lower the cost and complexity of offshore wind farms. Aker Solutions will deliver new power transmission equipment, Subsea Collector, for the METCentre's offshore wind test area, which currently includes two floating offshore wind turbines located 10 kilometers off the southern coast of Karmøy, Norway. Beginning in 2026, the test area will expand to include seven floating offshore wind turbines.
GE researchers revealed details of a two-year, USD 4 million project funded by ARPA-E's ATLANTIS (Aerodynamic Turbines Lighter and Afloat with Nautical Technologies and Integrated Servo-control) program to design and build enhanced controls for a 12 MW Floating Offshore Wind Turbine. GE is working on the project alongside Glosten, a premier marine design and consultancy firm, as well as the developer of the PelaStar tension-leg platform floating wind turbine base.

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of floating wind power was over USD 3 billion.

The market size for floating wind power is projected to cross USD 273 billion by the end of 2036 expanding at a CAGR of 43% during the forecast period i.e., between 2024-2036.

The major players in the market are Aker Solutions, General Electric (GE), MHI Vestas, ABB Ltd., Ming Yang Smart Energy Group Co., Suzlon Energy Limited, Envision Energy, Nordex SE, GoldWind Science & Technology Co., Ltd., Engie SA, and others.

The deep segment is anticipated to garner a share of 60% during 2024-2036.

The Asia Pacific floating wind power sector is poised to hold 35% share by the end of 2036.

Floating Wind Power Market - Top Companies and Manufacturers

Companies Dominating the Floating Wind Power Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the floating wind power industry?

What is the outlook for the floating wind power market?

Who are the major players dominating the floating wind power landscape?

Which segment will capture the significant market share for floating wind power by 2036?

Which region will provide more opportunities for the floating wind power business in the near future?