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Global Floating Wind Turbine Market 2019-2023

Global Floating Wind Turbine Market 2019-2023

About this market

Rise in wind energy consumption to gain traction in the market. Wind power is a rowing renewable energy technology, which is undergoing a transition to become a commercial power generation technology. The adoption of renewable energy is supported by global clean energy initiatives and government incentives and subsidies, thereby motivating the harness of this form of energy. Technavio’s analysts have predicted that the floating wind turbine market will register a CAGR of more than 47% by 2023.

Market Overview

Favorable government regulations for floating wind

To promote emission-free technologies, the use of alternative energy sources such as wind power, solar PV, and hydropower is essential. Globally, government support the adoption of wind power as it is an essential renewable energy source.

Challenges associated with the installation

Installations of floating wind turbines is a significant challenge for the global floating wind turbine market. The main challenges are installation time and vessel cost, deepwater mooring and electrical cable installations and many more.

For the detailed list of factors that will drive and challenge the growth of the floating wind turbine market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Senvion and Siemens Gamesa Renewable Energy the competitive environment is quite intense. Factors such as the favorable government regulations for floating wind and the rise in wind energy consumption, will provide considerable growth opportunities to floating wind turbine manufactures. aerodyn Energiesysteme, General Electric, Hitachi, MHI Vestas Offshore Wind, Senvion, and Siemens Gamesa Renewable Energy are some of the major companies covered in this report.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global floating power plant market
      • Table Segments of global floating power plant market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 (MW)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 (MW)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • ROW - Market size and forecast 2018-2023
      • Table ROW - Market size and forecast 2018-2023 (MW)
      • Table ROW - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Market segmentation by foundation
    • Table Foundation - Market share 2018-2023 (%)
    • Comparison by foundation
      • Table Comparison by foundation
    • Spar-buoy - Market size and forecast 2018-2023
      • Table Spar-buoy - Market size and forecast 2018-2023 (MW)
      • Table Spar-buoy - Year-over-year growth 2019-2023 (%)
    • Semi-submersible - Market size and forecast 2018-2023
      • Table Semi-submersible - Market size and forecast 2018-2023 (MW)
      • Table Semi-submersible - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 (MW)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by foundation
      • Table Market opportunity by foundation
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Decline in LCOE of wind power generation
    • Advances in floating wind design
    • Rise in wind energy consumption
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • aerodyn Energiesysteme
      • Table aerodyn Energiesysteme - Vendor overview
      • Table aerodyn Energiesysteme - Organizational developments
      • Table aerodyn Energiesysteme - Key offerings
    • GENERAL ELECTRIC
      • Table GENERAL ELECTRIC - Vendor overview
      • Table GENERAL ELECTRIC - Business segments
      • Table GENERAL ELECTRIC - Organizational developments
      • Table GENERAL ELECTRIC - Geographic focus
      • Table GENERAL ELECTRIC - Segment focus
      • Table GENERAL ELECTRIC - Key offerings
    • Hitachi
      • Table Hitachi - Vendor overview
      • Table Hitachi - Business segments
      • Table Hitachi - Organizational developments
      • Table Hitachi - Geographic focus
      • Table Hitachi - Segment focus
      • Table Hitachi - Key offerings
    • MHI Vestas Offshore Wind
      • Table MHI Vestas Offshore Wind - Vendor overview
      • Table MHI Vestas Offshore Wind - Organizational developments
      • Table MHI Vestas Offshore Wind - Key offerings
    • Senvion
      • Table Senvion - Vendor overview
      • Table Senvion - Business segments
      • Table Senvion - Organizational developments
      • Table Senvion - Geographic focus
      • Table Senvion - Segment focu
      • Table Senvion - Key offerings
    • Siemens Gamesa Renewable Energy
      • Table Siemens Gamesa Renewable Energy - Vendor overview
      • Table Siemens Gamesa Renewable Energy - Business segments
      • Table Siemens Gamesa Renewable Energy - Organizational developments
      • Table Siemens Gamesa Renewable Energy - Segment focus
      • Table Siemens Gamesa Renewable Energy - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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