Policy-Driven Initiatives Accelerate Offshore Wind Market Expansion and Boost Renewable Energy Targets Globally

Offshore wind energy market was valued at $52.10 billion in 2024 and is projected to reach $249.32 billion by 2035, growing at a CAGR of 14.1% during the forecast period (2025–2035). Offshore wind capacity continues to develop, with the global capacity expected to reach about 83 GW by 2024.  This represents an opportunity to increase deployment and strengthen offshore wind's involvement in the global effort to triple renewable electricity capacity by 2030. Governments across the globe is actively advancing the offshore wind energy sector through policy-driven interventions and regulatory reforms. These initiatives are aimed at creating an enabling environment for project development, promoting investment, and supporting the country's long-term renewable energy goals. 

Browse the full report description of “Offshore Wind Energy Market Size, Share & Trends Analysis Report by Component (Turbine, Electrical Structure, Support Structure and Others) by Installation Type (Fixed Structure and Floating Structure) by Location (Shallow Water (<30m), Transitional Water (30–60m), Deep Water (>60m)), by Capacity (Up to 3 MW, 3 MW to 5 MW and Above 5 MW), and by End Users (Residential, Commercial and Industrial), Forecast Period (2025-2035)” at https://www.omrglobal.com/industry-reports/offshore-wind-energy-market

For instance, in December 2023, the Indian government introduced offshore wind energy lease rules to facilitate and accelerate the development of offshore wind energy projects. These rules aim to simplify the leasing process for offshore sites, which is a critical step in setting up wind farms at sea. By doing so, the government intends to boost renewable energy generation, particularly wind energy, in line with its clean energy goals and energy transition targets. Such measures are part of India's broader strategy to increase its non-fossil fuel capacity to 500 GW by 2030, with offshore wind seen as a high-potential but currently underdeveloped sector.

Recent Developments

• In September 2025, the French government awarded a contract worth €4.5 billion ($5.3billion) to TotalEnergies and RWE for a 1.5GW offshore wind farm off the coast of Normandy. It is projected to generate about 6 terawatt hours annually and power roughly 1 million homes.
• In December 2024, the Scottish Government announced funding of £150 million capital investment for the offshore wind sector and support thousands of well-paid, green jobs across Scotland in the 2025-26 budget.The 2025-26 Scottish Budget also sets out a commitment to establish an offshore wind hub in the North-East to provide an additional route for industry to engage with policy teams.

Market Coverage

• The market number available for – 2024-2035
• Base year- 2024
• Forecast period- 2025-2035
• Segment Covered-
  • By Component
  • By Installation Type
  • By Location
  • By Capacity
  • By End Users
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape - GE Vernova, Inc., Goldwind Science & Technology Co., Ltd., Ørsted A/S, Siemens Gamesa Renewable Energy, S.A.U., Vestas Wind Systems A/S, among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Offshore Wind Energy Market Report Segment

By Component

• Turbine
• Electrical Structure
• Support Structure
• Others (Monitoring & control systems and Installation equipment)

By Installation Type

• Fixed Structure
• Floating Structure

By Location

• Shallow Water (<30m)
• Transitional Water (30–60m)
• Deep Water (>60m)

By Capacity

• Up to 3 MW
• 3 MW to 5 MW
• Above 5 MW

By Capacity

• Residential
• Commercial
• Industrial

Global Offshore Wind Energy Market Report Segment by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Australia and New Zealand
• ASEAN Economies
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa

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