Top Offshore Wind Energy Companies

Offshore Wind Energy Market size was valued at USD 37.79 Billion in 2024 and is poised to grow from USD 44.7 Billion in 2025 to USD 171.47 Billion by 2033, growing at a CAGR of 18.3% during the forecast period (2026–2033).

Offshore wind energy companies should focus on collaborating with governments to enhance their business scope. Targeting Europe and Asia Pacific regions is slated to be the best opportunity for all types of companies as per this global offshore wind energy market analysis. Use of highly advanced turbines and electrical infrastructure can improve the energy generation capacity of offshore wind energy projects going forward. 'Vestas Wind Systems A/S (Denmark)', 'Orsted A/S (Denmark) ', 'Siemens Gamesa Renewable Energy, S.A. (Spain) ', 'Iberdrola, S.A. (Spain) ', 'Equinor ASA (Norway) ', 'EnBW Energie Baden-Württemberg AG (Germany) ', 'RWE AG (Germany) ', 'EDF Renewables (France) ', 'E.ON SE (Germany) ', 'SSE Renewables (United Kingdom) ', 'MingYang Smart Energy Group Limited (China) ', 'China General Nuclear Power Group (CGN) (China) ', 'Northland Power Inc. (Canada) ', 'EDP Renováveis S.A. (EDPR) (Portugal) ', 'Repsol S.A. (Spain) ', 'TotalEnergies SE (France) ', 'Shell plc (United Kingdom) ', 'Avangrid, Inc. (United States) ', 'Copenhagen Infrastructure Partners (CIP) (Denmark) ', 'GE Offshore Wind (United States)'

Rapidly surging demand for energy around the world and efforts of countries to improve energy independence are slated to bolster the global offshore wind energy market outlook in the future. Offshore wind energy reduces reliance on imported fossil fuels and helps countries in diversifying their energy mix and mitigate geopolitical risks associated with oil and gas supply disruptions.

Use of Floating Offshore Wind Technologies: Offshore wind energy companies should focus utilizing floating offshore wind technologies to maximize their business scope over the coming years. Floating wind turbines allow deployment in deeper waters, significantly expanding viable offshore wind locations. Japan, Norway, and the United States are some key countries where the emphasis on this offshore wind energy market trend is high.

Europe is anticipated to account for a prominent chunk of the global offshore wind energy market share in the future. High emphasis on adoption of renewable energy sources, growing investments development of new offshore wind energy projects, and availability of supportive government initiatives and funding are cementing the dominance of this region.