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    Fixed Offshore Wind Energy Market

    ID: MRFR/E&P/28426-HCR
    128 Pages
    Priya Nagrale
    October 2025

    Fixed Offshore Wind Energy Market Research Report By Turbine Capacity (Below 5 MW, 5-10 MW, 10-15 MW, Above 15 MW), By Water Depth (Shallow (0-60m), Intermediate (60-120m), Deep (Above 120m)), By Foundation Type (Monopiles, Jackets, Gravity-based Structures), By End-User (Utilities, Independent Power Producers, Industrials), By Grid Connection (Radial Connection, Hybrid Connection, Multi-Point Connection) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

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    Fixed Offshore Wind Energy Market Infographic
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    Fixed Offshore Wind Energy Market Summary

    As per MRFR analysis, the Fixed Offshore Wind Energy Market Size was estimated at 78.26 USD Billion in 2024. The Fixed Offshore Wind Energy industry is projected to grow from 85.82 USD Billion in 2025 to 215.84 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 9.66 during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The Fixed Offshore Wind Energy Market is poised for substantial growth driven by technological advancements and regulatory support.

    • North America remains the largest market for fixed offshore wind energy, showcasing robust investment and development activities.
    • The Asia-Pacific region is emerging as the fastest-growing market, fueled by increasing energy demands and supportive government policies.
    • The 10-15 MW segment continues to dominate the market, while the above 15 MW segment is rapidly gaining traction due to technological innovations.
    • Rising energy demand and government policies and incentives are key drivers propelling the expansion of the fixed offshore wind energy market.

    Market Size & Forecast

    2024 Market Size 78.26 (USD Billion)
    2035 Market Size 215.84 (USD Billion)
    CAGR (2025 - 2035) 9.66%

    Major Players

    Orsted (DK), Siemens Gamesa (ES), GE Renewable Energy (US), Vestas Wind Systems (DK), MHI Vestas Offshore Wind (DK), Senvion (DE), Nordex (DE), EDP Renewables (PT), RWE (DE), Iberdrola (ES)

    Fixed Offshore Wind Energy Market Trends

    The Fixed Offshore Wind Energy Market is currently experiencing a transformative phase characterized by rapid advancements in technology and increasing investments. This sector appears to be gaining traction as nations strive to meet renewable energy targets and reduce carbon emissions. The integration of larger turbines and innovative floating platforms seems to enhance energy generation efficiency, thereby attracting significant interest from both public and private sectors. Furthermore, the growing emphasis on energy security and sustainability is likely to drive further development in this market, as countries seek to diversify their energy sources and reduce reliance on fossil fuels. In addition, the Fixed Offshore Wind Energy Market is witnessing a shift towards more collaborative approaches among stakeholders. Partnerships between governments, private companies, and research institutions appear to be fostering innovation and accelerating project deployment. This collaborative environment may lead to the establishment of more robust supply chains and improved regulatory frameworks, which could facilitate smoother project execution. As the market evolves, it seems poised to play a crucial role in the global transition towards cleaner energy solutions, potentially reshaping the energy landscape in the coming years.

    Technological Advancements

    The Fixed Offshore Wind Energy Market is seeing significant technological innovations that enhance turbine efficiency and reliability. Developments in materials and design are likely to improve energy capture and reduce maintenance costs, making projects more economically viable.

    Regulatory Support

    Government policies and incentives appear to be increasingly favorable towards the Fixed Offshore Wind Energy Market. Supportive regulations may encourage investment and streamline permitting processes, thereby accelerating project timelines and fostering market growth.

    Investment Surge

    There seems to be a notable increase in investments directed towards the Fixed Offshore Wind Energy Market. This influx of capital could facilitate the development of new projects and technologies, further solidifying the market's position in the renewable energy sector.

    The global fixed offshore wind energy market is poised for substantial growth as nations increasingly prioritize renewable energy sources to meet climate goals and enhance energy security.

    U.S. Department of Energy

    Fixed Offshore Wind Energy Market Drivers

    Rising Energy Demand

    The Fixed Offshore Wind Energy Market is experiencing a notable surge in energy demand, driven by increasing population and industrial activities. As countries strive to meet their energy needs sustainably, offshore wind energy emerges as a viable solution. The International Energy Agency projects that renewable energy sources, including offshore wind, will account for a significant portion of the energy mix by 2030. This growing demand for clean energy is likely to propel investments in fixed offshore wind projects, thereby enhancing the market's growth prospects. Furthermore, the transition towards electrification in various sectors, such as transportation and heating, further amplifies the need for renewable energy sources. Consequently, the Fixed Offshore Wind Energy Market is poised to benefit from this escalating demand, as stakeholders seek to harness wind energy's potential to meet future energy requirements.

    Technological Innovations

    Technological advancements play a pivotal role in shaping the Fixed Offshore Wind Energy Market. Innovations in turbine design, materials, and installation techniques have significantly improved the efficiency and reliability of offshore wind farms. For instance, the development of larger and more efficient turbines has led to increased energy output, making offshore wind projects more economically viable. According to recent data, the average capacity of offshore wind turbines has increased, with some reaching capacities of over 10 MW. These advancements not only enhance energy production but also reduce the levelized cost of energy, making fixed offshore wind more competitive against traditional energy sources. As technology continues to evolve, the Fixed Offshore Wind Energy Market is likely to witness further enhancements, driving growth and attracting investment.

    Environmental Sustainability Goals

    The growing emphasis on environmental sustainability is a significant driver for the Fixed Offshore Wind Energy Market. As climate change concerns intensify, countries are increasingly committing to reducing their carbon footprints and transitioning to renewable energy sources. Offshore wind energy is recognized for its low environmental impact and ability to generate clean electricity. Many nations have set ambitious targets for carbon neutrality, with offshore wind playing a crucial role in achieving these goals. The potential for large-scale energy generation from offshore wind farms aligns with global sustainability objectives, making it an attractive option for policymakers and investors alike. Consequently, the Fixed Offshore Wind Energy Market is likely to benefit from this heightened focus on sustainability, as stakeholders seek to invest in clean energy solutions.

    Government Policies and Incentives

    Supportive government policies and incentives are crucial drivers for the Fixed Offshore Wind Energy Market. Many countries have established ambitious renewable energy targets, aiming to reduce greenhouse gas emissions and transition to cleaner energy sources. For instance, various nations have implemented feed-in tariffs, tax credits, and grants to encourage investment in offshore wind projects. These policies create a favorable environment for developers and investors, facilitating the growth of the market. Additionally, regulatory frameworks that streamline permitting processes and enhance grid integration are essential for the successful deployment of offshore wind farms. As governments continue to prioritize renewable energy, the Fixed Offshore Wind Energy Market is expected to thrive, attracting both domestic and international investments.

    Investment and Financing Opportunities

    The Fixed Offshore Wind Energy Market is witnessing a surge in investment and financing opportunities, driven by the increasing recognition of offshore wind as a viable energy source. Financial institutions and investors are increasingly allocating capital towards renewable energy projects, recognizing the long-term benefits and stability associated with fixed offshore wind investments. Recent reports indicate that global investments in offshore wind energy have reached unprecedented levels, with billions of dollars committed to new projects. This influx of capital not only supports the development of new offshore wind farms but also fosters innovation and technological advancements within the industry. As the market matures, the Fixed Offshore Wind Energy Market is likely to attract further investment, enhancing its growth trajectory and sustainability.

    Market Segment Insights

    By Turbine Capacity: 10-15 MW (Largest) vs. Above 15 MW (Fastest-Growing)

    In the Fixed Offshore Wind Energy Market, the distribution of turbine capacity reveals interesting dynamics. The largest segment, comprising turbines in the 10-15 MW range, plays a critical role in shaping the overall capacity landscape. This segment continues to attract significant investment due to its efficient energy conversion capabilities and suitability for various project scales. Meanwhile, the Above 15 MW category is gaining traction, primarily driven by advances in technology that allow for larger turbines to be installed in offshore environments, which enables higher energy outputs without significantly increasing complexity or risk.

    Turbine Capacity: 10-15 MW (Dominant) vs. Above 15 MW (Emerging)

    The 10-15 MW turbine capacity segment stands out as a dominant force in the Fixed Offshore Wind Energy Market, offering a perfect balance between energy output and manageable installation challenges. This capacity range is favored for its versatility in various offshore conditions, providing a reliable source of renewable energy for larger projects. In contrast, the Above 15 MW segment is emerging rapidly, thanks to innovations in turbine design and engineering. These turbines promise higher efficiency and lower costs per megawatt hour, making them increasingly attractive for developers looking to maximize productivity and sustainability in their offshore wind projects.

    By Water Depth: Shallow (Largest) vs. Deep (Fastest-Growing)

    In the Fixed Offshore Wind Energy Market, the distribution of market share among water depth segments reveals a prominent position for shallow waters, which account for the largest share. This is largely attributed to the ease of installation and lower costs associated with shallow water wind farms, making them a preferred choice for new developments. Conversely, deeper water sites, while initially less dominant, are witnessing a surge in interest as technological advancements make deep-water projects more viable and cost-effective.

    Water Depth: Shallow (Dominant) vs. Deep (Emerging)

    The shallow water segment, characterized by depths ranging from 0 to 60 meters, stands out due to its established infrastructure and lower logistical challenges, positioning it as the dominant choice for wind energy developers. In contrast, the deep water segment, spanning depths above 120 meters, is emerging rapidly, driven by innovations in floating turbine technology. These advancements allow for deployment in previously inaccessible zones, tapping into higher and more consistent wind resources that can significantly enhance energy generation potential. As investors increasingly recognize the long-term benefits of deep-water investments, this segment is poised for notable growth in the coming years.

    By Foundation Type: Monopiles (Largest) vs. Jackets (Fastest-Growing)

    In the Fixed Offshore Wind Energy Market, the foundation type segment is crucial for the structural integrity and efficiency of wind farms. Monopiles dominate this segment due to their widespread adoption, particularly in shallower waters, where they provide a reliable and cost-effective solution for anchoring turbines. They account for a significant share of installations, leveraging their simple design and strong performance in various marine conditions. Meanwhile, jackets, while currently smaller in market share, are gaining traction due to their ability to support larger turbines in deeper waters, making them increasingly relevant as technology advances.

    Foundation Type: Monopiles (Dominant) vs. Jackets (Emerging)

    Monopiles are the most prevalent foundation type in the Fixed Offshore Wind Energy Market, favored for their effectiveness in shallow waters and their cost-efficiency in installation and maintenance. Their robustness and reliability have secured their position as the go-to option for many wind farm developers. On the other hand, jackets are emerging as a strong contender, especially as the demand grows for offshore projects in deeper waters. Jackets provide enhanced stability and can support larger turbines due to their design, which allows for greater resistance against harsh marine conditions. This adaptability makes jackets increasingly popular for future offshore developments, complementing the established dominance of monopiles.

    By End-User: Utilities (Largest) vs. Independent Power Producers (Fastest-Growing)

    In the Fixed Offshore Wind Energy Market, utilities currently hold the largest share among end-users, leveraging their established infrastructure and consistent demand for renewable energy. Independent Power Producers (IPPs) are steadily gaining ground, capitalizing on the increasing emphasis on sustainable practices and governmental incentives for clean energy sourcing. Industrials, while significant, maintain a smaller share in comparison, primarily focusing on integrating renewable energy solutions into their operations rather than relying on offshore wind energy as a core energy source. The growth trends within this segment are driven by the escalating need for clean energy solutions amid rising environmental concerns and global energy demands. IPPs are emerging rapidly as stakeholders in the offshore wind sector, spurred by favorable investment environments and advancements in technology that decrease production costs. Utilities continue to innovate their energy portfolios, responding to regulatory pressures and consumer demands, which further solidifies their leadership in the market while promoting the adoption of offshore wind energy across various regions.

    Utilities (Dominant) vs. Independent Power Producers (Emerging)

    Utilities are positioned as the dominant force in the Fixed Offshore Wind Energy Market, often benefiting from their longstanding expertise, extensive infrastructure, and stable energy needs from residential and commercial clients. Their ability to strategically invest in renewable projects and integrate them into existing grids enhances their ongoing relevance and competitiveness in the energy sector. On the other hand, Independent Power Producers represent an emerging segment characterized by agility and innovation. IPPs are often more adept at navigating regulatory landscapes and attracting private investments, allowing them to develop offshore wind projects quickly and efficiently. Their approach allows greater flexibility in technology adoption and project management, making them a vital contributor to the growth of renewable energy.

    By Grid Connection: Radial Connection (Largest) vs. Multi-Point Connection (Fastest-Growing)

    In the Fixed Offshore Wind Energy Market, the grid connection segment is primarily dominated by Radial Connection, which holds the largest market share due to its well-established infrastructure and simplicity in design and implementation. This segment is followed by Hybrid Connection, which is gaining traction as it combines the benefits of both Radial and Multi-Point Connection technologies. Multi-Point Connection, while currently smaller in market share, is rapidly gaining interest as an innovative solution for integrating more varied and expansive wind energy sources into national grids.

    Grid Connection: Radial Connection (Dominant) vs. Multi-Point Connection (Emerging)

    Radial Connection is the established leader in the Fixed Offshore Wind Energy Market due to its straightforward setup and capability to efficiently connect wind turbines to the grid with minimal losses. It remains the preferred choice for many operators, providing reliability and cost-effectiveness. Conversely, Multi-Point Connection is emerging as a significant trend, appealing to developers interested in increasing efficiency by enhancing connectivity options. It allows for better optimization of energy distribution across multiple points, supporting increased installation of offshore wind farms and facilitating smoother integration with renewable energy systems.

    Get more detailed insights about Fixed Offshore Wind Energy Market

    Regional Insights

    Europe : Pioneering Offshore Wind Market

    Europe remains The Fixed Offshore Wind Energy, accounting for approximately 70% of the total installed capacity. The region benefits from robust government policies, ambitious renewable energy targets, and significant investments in infrastructure. Countries like Germany and the United Kingdom are at the forefront, with strong regulatory support driving demand for offshore wind projects and contributing to a sustainable energy transition. The competitive landscape features major players such as Orsted and Vestas Wind Systems, which are spearheading innovative projects across the North Sea and Baltic Sea. The European market is characterized by a collaborative approach among governments, industry stakeholders, and research institutions, fostering advancements in technology and project execution. This synergy is crucial for meeting the region's ambitious climate goals and enhancing energy security.

    Middle East and Africa : Untapped Renewable Potential

    The Middle East and Africa region is gradually recognizing the potential of fixed offshore wind energy, although it currently holds a smaller market share compared to other regions. Countries like South Africa and Morocco are beginning to explore offshore wind projects, driven by the need for energy diversification and sustainability. The region's market is expected to grow as governments implement supportive policies and attract foreign investments, aiming for a more sustainable energy future. The competitive landscape is still developing, with limited presence of major global players. However, local companies are starting to engage in offshore wind initiatives, supported by international partnerships. The region's vast coastlines and favorable wind conditions present significant opportunities for growth, making it an area of interest for future investments in renewable energy technologies.

    Key Players and Competitive Insights

    The Fixed Offshore Wind Energy Market is currently characterized by a dynamic competitive landscape, driven by increasing demand for renewable energy and the urgent need to address climate change. Key players such as Ørsted (DK), Siemens Gamesa (ES), and GE Renewable Energy (US) are at the forefront, each adopting distinct strategies to enhance their market positioning. Ørsted (DK) focuses on innovation and sustainability, aiming to lead in offshore wind capacity, while Siemens Gamesa (ES) emphasizes technological advancements in turbine efficiency. GE Renewable Energy (US) is leveraging its extensive experience in the energy sector to expand its offshore wind portfolio, indicating a trend towards specialization and technological differentiation among competitors.

    In terms of business tactics, companies are increasingly localizing manufacturing to reduce costs and enhance supply chain resilience. This approach appears to be a response to global supply chain disruptions and the need for more sustainable practices. The market structure is moderately fragmented, with several players vying for market share, yet the collective influence of major companies is significant in shaping industry standards and practices.

    In August 2025, Ørsted (DK) announced the launch of a new offshore wind farm off the coast of the United States, which is expected to generate enough energy to power over 500,000 homes. This strategic move not only reinforces Ørsted's commitment to expanding its renewable energy footprint but also positions the company as a leader in the North American market, potentially influencing future investments in offshore wind projects.

    In September 2025, Siemens Gamesa (ES) unveiled its latest turbine model, designed specifically for deep-water installations. This innovation is crucial as it addresses the challenges of harnessing wind energy in deeper waters, thereby expanding the geographical scope for offshore wind farms. The introduction of this technology may enhance Siemens Gamesa's competitive edge, allowing it to capture a larger share of the market as demand for advanced solutions grows.

    In July 2025, GE Renewable Energy (US) entered a strategic partnership with a leading technology firm to integrate AI into its wind turbine operations. This collaboration aims to optimize performance and predictive maintenance, which could significantly reduce operational costs and improve efficiency. Such advancements indicate a broader trend towards digital transformation within the industry, as companies seek to leverage technology for competitive advantage.

    As of October 2025, the competitive trends in the Fixed Offshore Wind Energy Market are increasingly defined by digitalization, sustainability, and technological integration. Strategic alliances are becoming more prevalent, facilitating knowledge sharing and resource optimization among key players. Looking ahead, it is likely that competitive differentiation will evolve from traditional price-based competition to a focus on innovation, advanced technology, and supply chain reliability, reflecting the industry's shift towards a more sustainable and efficient future.

    Key Companies in the Fixed Offshore Wind Energy Market market include

    Industry Developments

    • Q2 2024: Offshore wind installed capacity reaches 83 GW as new report finds 2024 a record year for construction and auctions In 2024, the offshore wind industry added 8 GW of new capacity, with government auctions awarding a record 56 GW of new capacity globally and 48 GW of offshore wind under construction, marking significant regulatory and policy breakthroughs in several countries.
    • Q2 2024: Offshore Wind Grows by 11 GW in 2024 with 31 Projects Commissioned – WFO Report 31 new offshore wind farms with a total capacity of 11 GW were put into operation in 2024, increasing the global offshore wind capacity to 78.5 GW.

     

    Future Outlook

    Fixed Offshore Wind Energy Market Future Outlook

    The Fixed Offshore Wind Energy Market is projected to grow at a 9.66% CAGR from 2024 to 2035, driven by technological advancements, regulatory support, and increasing energy demand.

    New opportunities lie in:

    • Development of advanced floating turbine technologies for deeper waters.
    • Integration of energy storage solutions to enhance grid stability.
    • Expansion of offshore wind supply chain logistics for efficiency improvements.

    By 2035, the market is expected to be robust, driven by innovation and strategic investments.

    Market Segmentation

    Fixed Offshore Wind Energy Market End-User Outlook

    • Utilities
    • Independent Power Producers
    • Industrials

    Fixed Offshore Wind Energy Market Water Depth Outlook

    • Shallow (0-60m)
    • Intermediate (60-120m)
    • Deep (Above 120m)

    Fixed Offshore Wind Energy Market Foundation Type Outlook

    • Monopiles
    • Jackets
    • Gravity-based Structures

    Fixed Offshore Wind Energy Market Grid Connection Outlook

    • Radial Connection
    • Hybrid Connection
    • Multi-Point Connection

    Fixed Offshore Wind Energy Market Turbine Capacity Outlook

    • Below 5 MW
    • 5-10 MW
    • 10-15 MW
    • Above 15 MW

    Report Scope

    MARKET SIZE 202478.26(USD Billion)
    MARKET SIZE 202585.82(USD Billion)
    MARKET SIZE 2035215.84(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)9.66% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Billion
    Key Companies ProfiledMarket analysis in progress
    Segments CoveredMarket segmentation analysis in progress
    Key Market OpportunitiesAdvancements in turbine technology enhance efficiency and reduce costs in the Fixed Offshore Wind Energy Market.
    Key Market DynamicsTechnological advancements and regulatory support drive rapid growth in the Fixed Offshore Wind Energy Market.
    Countries CoveredNorth America, Europe, APAC, South America, MEA

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    FAQs

    What is the current valuation of the Fixed Offshore Wind Energy Market as of 2024?

    The overall market valuation was 78.26 USD Billion in 2024.

    What is the projected market valuation for the Fixed Offshore Wind Energy Market in 2035?

    The projected valuation for 2035 is 215.84 USD Billion.

    What is the expected CAGR for the Fixed Offshore Wind Energy Market during the forecast period 2025 - 2035?

    The expected CAGR for the market during the forecast period 2025 - 2035 is 9.66%.

    Which companies are considered key players in the Fixed Offshore Wind Energy Market?

    Key players include Orsted, Siemens Gamesa, GE Renewable Energy, Vestas Wind Systems, and MHI Vestas Offshore Wind.

    What are the market segments based on turbine capacity in the Fixed Offshore Wind Energy Market?

    Segments include Below 5 MW, 5-10 MW, 10-15 MW, and Above 15 MW, with valuations ranging from 15.0 to 70.0 USD Billion.

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