Floating Wind Turbine Market - Top Companies and Manufacturers

Companies Dominating the Floating Wind Turbine Landscape

The General Electric Company
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis

ABB Ltd
Siemens Gamesa Renewable Energy, S.A.
Mingyang Smart Energy Group Co., Ltd.
Suzlon Energy Ltd.
NORDEX SE
Vestas Wind Systems A/S
Envision Group
Xinjiang Goldwind Science & Technology Co., Ltd.
Iberdrola, S.A.

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Floating Wind Turbine Market Size & Share, Growth Forecasts 2037

In the News

Vestas Wind Systems A/S to deliver 21 V162-6.0 MW turbines for the 126 MW Posio Murtotuuli project by Taaleri Energia in Finland. These turbines will be equipped with an anti-icing system to work in harsh climatic conditions.
Siemens Gamesa Renewable Energy, S.A. to supply offshore wind turbines for three wind power projects of Hai Long in Taiwan. The Hai Long Offshore Wind Project extends to 1,044 MW.
Iberdrola, S.A. and Vestas Wind Systems A/S to collaborate for the 476 MW Baltic Eagle offshore project in Germany.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of floating wind turbine is evaluated at USD 1.31 billion.

The floating wind turbine market size was valued at USD 1.09 billion in 2024 and is expected to exceed USD 21.56 billion by the end of 2037, expanding at over 25.3% CAGR during the forecast period i.e., between 2025-2037. Growing consumption of electricity, worldwide surging depletion of traditional resources, and rising need to reduce escalating carbon footprint will boost the market growth.

Europe industry share is anticipated to cross 38% by 2037, owing to presence of a large number of offshore wind farms in several countries, such as Denmark, Norway, the United Kingdom, and Russia, along with high untapped potential in the region.

The major players in the market include The General Electric Company, ABB Ltd, Siemens Gamesa Renewable Energy, S.A., Mingyang Smart Energy Group Co., Ltd., Suzlon Energy Ltd., NORDEX SE, Vestas Wind Systems A/S, Envision Group, Xinjiang Goldwind Science & Technology Co., Ltd., Iberdrola, S.A.

Floating Wind Turbine Market - Top Companies and Manufacturers

Companies Dominating the Floating Wind Turbine Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the floating wind turbine market?

What are the factors driving the floating wind turbine landscape?

Which region held the largest floating wind turbine industry share?

Who are the key players in the floating wind turbine sector?