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.
The global floating wind turbine market is highly competitive, consisting of key players operating at global and regional levels. The key players in the market are focused on developing advanced floating wind turbines to meet the sustainable goals initiated by governments worldwide. These key players are focused on adopting several strategies such as product launches, mergers and acquisitions, joint ventures, and license agreements to enhance their product base and sustain their market position. Here is a list of key players operating in the global market:
Browse key industry insights with market data tables & charts from the report:
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.
