Offshore Wind Tower Market Size & Share, by Material (Concrete, Hybrid [Steel-Concrete], Emerging Composites); Installation Type; Turbine Capacity; Support Structure; Component; Water Depth - Global Supply Chain, Demand Forecasts, and Competitive Intelligence Report 2026-2035

Offshore Wind Tower Market - Regional Analysis

APAC Market Insights

The Asia Pacific in the offshore wind tower market is anticipated to hold the largest share of 52.3% by the end of 2035. The market’s upliftment in the region is highly propelled by the transition from an industry that is led by China’s multi-polar center of activity. In addition, the industrial policy, national energy security, along with the government’s strategy to leverage offshore wind to cater to decarbonization targets and build export-driven manufacturing champions. Besides, the supply chain localization is also a suitable trend, which is also uplifting the offshore wind tower market. In this regard, as stated in the November 2025 OEC data report, China is considered the top exporter of steam turbines amounts to USD 606 million, and Indonesia is the top importer, with amounts to 401 million. In addition, the continuous steam turbines supply chain is also fueling the market’s growth in the overall region.

2023 Gas Turbines Export and Import in Asia

Source: OEC

The offshore wind tower market in China is growing significantly due to the sustained policy ambition, integrated domestic supply chain, and unprecedented scale. In addition, the dual-carbon policy objective, along with offshore wind as a tactical pillar, is also considered the core driver for the market’s growth in the country. According to an article published by the Global Energy Monitor organization in July 2024, the country is gradually cementing its position as the international leader in renewables development, with 180 GW of utility-driven solar as well as 159 GW of wind power. Additionally, the 339 GW of utility-scale wind and solar have successfully reached the construction stage, accounting for 1/3^rd of the overall proposed capacity in the country. This is further supported by a cost-competitive and complete industrial ecosystem, with the implementation of the MingYang Smart Energy and China Three Gorges Corporation, thus bolstering the market’s exposure.

The offshore wind tower market in South Korea is also growing, owing to the governmental and monumental-based industrial pivot to emerge as a floating wind export powerhouse. As per a report published by the EEAS in 2024, the offshore wind energy target in the country is projected to reach 14.3 GW by the end of 2030. However, in 2023, only 142.1 MW of the capacity has been installed, and in June 2024, the country’s government introduced the Basic Plan for Long-Term Electricity Supply and Demand, which has set ambitious objectives for renewable energy to constitute 21.6% of the electricity mix by the end of 2030, as well as 32.9% by 2038. Moreover, the 2023 Clean Technologies and Environmental Policy article, the world’s largest floating offshore wind farm with a 6 GW capacity, is projected to be developed at the Ulsan offshore, thus contributing to the market’s growth.

North America Market Insights

North America in the offshore wind tower market is expected to emerge as the fastest-growing region during the stipulated period. The market’s development in the region is highly fueled by the presence of state-level targets and ambitious federal strategies. As per a report published by the NREL Government in August 2024, the first-ever commercial-based offshore wind power plant in the U.S., which is the 132 MW South Fork Wind Farm, commenced delivering power to New York in November 2023, and it completed its commission in March 2024. Besides, the offshore wind energy pipeline in the U.S. comprises 4,097 MW, and meanwhile, the project development has reached a suitable capacity of 80,523 MW. Therefore, with the existence of such standard projects, there is a huge growth opportunity for the market in the region.

The U.S. in the offshore wind tower market is gaining increased traction, owing to the federal funding analysis, the chemical industry association, and an increase in the presence of gallium arsenide wafers. Additionally, the EPA’s Green Chemistry and Safer Choice programs are promoting sustainable chemical products, thus suitable for the market’s growth. Besides, as per an article published by the EIA Government in December 2023, the overall yearly electricity generation in the country from wind energy has surged by almost 6 billion kWh to 434 billion kWh as of 2022. In addition, within the same year, wind turbines emerged as the ultimate source of nearly 10.3% of the overall country’s utility-scale electricity generation. Moreover, utility scale comprises infrastructure with almost 1,000 kilowatts of electricity generation capacity, which is readily driving the market in the country.

Annual Electricity Generation and Share in the U.S. (2012-2022)

Source: EIA Government

Canada in the offshore wind tower market is also developing due to the hydrogen strategy, federal policy ambition, feed-in tariffs, provincial leadership, industrial and supply chain transformation, export potential, and geopolitical energy security. According to an article published by the Government of Canada in March 2025, there has been a 24% surge in offshore wind capacity in the country between 2022 and 2023. Besides, the country is well-positioned in the international offshore wind industry with the existence of long coastlines, which is expected to attract USD 1 trillion in investment by the end of 2040. Moreover, the government of Nova Scotia is projected to set a provincial offshore wind target by offering leases for nearly 6 GW of offshore wind by the end of 2030. Therefore, with all these investments and future developments, the market in the country is poised to develop.

Europe Market Insights

Europe in the offshore wind tower market is projected to witness considerable growth by the end of the forecast duration. The market’s growth in the region is extremely driven by the shift from a feed-in-tariff-based industry to an industrial and competitive-scale powerhouse, with increased focus on massive capacity extension and repowering old sites in the Atlantic, Baltic Sea, and North Sea. As per the 2025 Europe Commission article, countries in the region comprise regional cumulative offshore objectives of achieving 86 GW to 89 GW by the end of 2030, followed by 355 GW to 366 GW by 2050. Based on these goals, offshore renewables are predicted to emerge as the main pillar of the region’s futuristic electricity mix. Besides, the already installed offshore wind capacity in the region was 19.3 GW as of 2023. However, the revised Renewable Energy Directive adoption in 2023 has set the regional renewables target by almost 42.5%, which is poised to demand a rise in the installed wind capacity to over 500 GW by 2030.

The UK in the offshore wind tower market is gaining increased exposure, owing to the mature regulatory regime and the unparalleled project pipeline. As stated in the September 2023 Offshore Wind Biz article, the country’s government has readily provided 3.7 GW of renewable energy projects with Contracts for Difference (CfDs). Besides, the maximum bid price for floating wind is GBP 114/MWh, which is nearly EUR 132.7/MWh. Meanwhile, as per the April 2022 UK Government article, with smart and advanced planning, the nation can easily maintain increased environmental standards while boosting the deployment pace by 25%. In addition, the country’s objective is to deliver nearly 50 GW by the end of 2030, which includes 5 GW of progressive floating wind, thereby making it suitable for driving the market’s growth and expansion in the overall nation.

France, in the offshore wind tower market, is also growing significantly due to the government’s decision to upgrade offshore wind. Besides, according to a report published by the French Durable Government in March 2025, based on the government’s plans for transforming the energy system, the prime objective is to shift from an energy mixture, which is made up of nearly 60% imported fossil fuels as of 2023, to an energy mixture of nearly 60% low-carbon energy by the end of 2030. Moreover, there is 0.8 GW offshore wind capacity, which is further projected to increase to 3.6 GW by 2030 and 40 GW to 18 GW by 2035. Besides, the overall region has set itself the goal of diminishing its greenhouse gas emissions by approximately 55% net by 2030 in comparison to previous years. Therefore, with such existence and future possibilities, the market is continuously growing in the country.