Boston, Oct. 01, 2025 (GLOBE NEWSWIRE) — According to the latest study from BCC Research, “Global Floating Offshore Wind Energy Market” is projected to grow from $1.7 billion in 2025 to $18 billion by the end of 2030, at a compound annual growth rate (CAGR) of 60.1% from 2025 to 2030.
This report provides a comprehensive analysis of the global market for floating offshore wind energy, segmented by components, floating platform technologies, water depth, turbine ratings, and country-specific developments. It presents market size both in monetary terms (millions of dollars) and in energy capacity (megawatts), offering a dual perspective on growth and scale. The report explores market dynamics, emerging technologies, and global trends, including the transformative impact of artificial intelligence (AI) on the industry. It also highlights evolving climate regulations, technical standards, and innovations shaping the sector. Strategic frameworks such as value chain analysis, Porter’s Five Forces, and SWOT analysis are included to assess competitive positioning, industry challenges, and opportunities for stakeholders.
This report is especially relevant now as floating offshore wind energy is rapidly gaining traction due to its ability to overcome the limitations of fixed-bottom offshore wind and meet the growing demand for clean, secure energy. While challenges like high costs and low product differentiation persist, strong government support and collaborative technological innovation are paving the way for broader adoption and cost reductions. These developments make floating offshore wind a promising and timely solution in the global transition to sustainable energy.
The factors driving the market’s growth include:
Lower Wind Energy Costs: Floating offshore wind is becoming more affordable due to better technology and larger-scale projects. This cost reduction makes it more attractive for investors and governments aiming for clean energy.
Strong R&D Focus: Intensive research is helping solve technical challenges like deep-water anchoring and turbine stability. Continuous innovation is key to making floating wind farms more efficient and reliable.
Link with Green Hydrogen: Floating wind farms can power green hydrogen production, especially in remote areas. This combination supports clean energy goals and helps decarbonize industries like transport and manufacturing.
Demand for Integrated EPCI Services: Developers prefer bundled solutions for engineering, procurement, construction, and installation (EPCI). It simplifies project management, reduces risks, and speeds the deployment of floating wind farms.
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Report Synopsis
| Report Metric | Details |
| Base year considered | 2024 |
| Forecast period considered |