{
  "title": "Offshore Wind Energy Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2031)",
  "slug": "offshore-wind-energy-market",
  "industry": "Renewable Energy (Solar & Wind)",
  "parent_industry": "Energy & Power",
  "url": "https://www.mordorintelligence.com/industry-reports/offshore-wind-energy-market",
  "scraped_at": "2026-09-17T17:49:32+07:00",
  "dataset_properties": [
    {
      "@type": "PropertyValue",
      "name": "Market Volume (2026)",
      "value": 111.07,
      "unitText": "gigawatt"
    },
    {
      "@type": "PropertyValue",
      "name": "Market Volume (2031)",
      "value": 291.63,
      "unitText": "gigawatt"
    },
    {
      "@type": "PropertyValue",
      "name": "Growth Rate (2026 - 2031)",
      "value": 21.3,
      "unitText": "PERCENT"
    },
    {
      "@type": "PropertyValue",
      "name": "Fastest Growing Market",
      "value": "North America"
    },
    {
      "@type": "PropertyValue",
      "name": "Largest Market",
      "value": "Asia Pacific"
    },
    {
      "@type": "PropertyValue",
      "name": "Market Concentration",
      "value": "Medium"
    }
  ],
  "faq": [
    {
      "@type": "Question",
      "name": "How large will the offshore wind energy market be by 2031?",
      "acceptedAnswer": {
        "@type": "Answer",
        "text": "Installed capacity is forecast to reach 291.63 GW, up from 111.07 GW in 2026, reflecting a 21.30% CAGR."
      }
    },
    {
      "@type": "Question",
      "name": "Which region is growing fastest in offshore wind?",
      "acceptedAnswer": {
        "@type": "Answer",
        "text": "North America shows the steepest growth path with an expected 103.6% CAGR through 2031, driven by U.S. federal and state procurement targets."
      }
    },
    {
      "@type": "Question",
      "name": "Why are 15 MW-plus turbines critical for cost reduction?",
      "acceptedAnswer": {
        "@type": "Answer",
        "text": "Larger machines cut foundation and cable counts roughly 40% per gigawatt, trimming LCOE toward USD 0.060/kWh and improving project returns."
      }
    },
    {
      "@type": "Question",
      "name": "What is the main bottleneck for new offshore wind projects?",
      "acceptedAnswer": {
        "@type": "Answer",
        "text": "A shortage of heavy-lift installation vessels capable of handling 15 MW turbines is inflating day-rates and delaying schedules by up to two years."
      }
    },
    {
      "@type": "Question",
      "name": "How do corporate PPAs influence offshore wind build-out?",
      "acceptedAnswer": {
        "@type": "Answer",
        "text": "Long-term power purchase agreements from large corporates provide premium, subsidy-independent revenue streams that accelerate financing, especially for floating projects."
      }
    },
    {
      "@type": "Question",
      "name": "What market share do floating foundations have today?",
      "acceptedAnswer": {
        "@type": "Answer",
        "text": "Floating platforms currently account for less than 1% of installations but are growing at an 42.1% CAGR and could gain double-digit share by 2031."
      }
    }
  ],
  "images": [
    "images/offshore-wind-energy-market-size-image-1778160397479.png",
    "images/offshore-wind-energy-market-Offshore-Wind-Energy-Market-Market-Share-by-Foundation-Type-2025-1767803368365.png",
    "images/offshore-wind-energy-market-Offshore-Wind-Energy-Market-Market-Share-by-Application-2025-1767803373174.png",
    "images/offshore-wind-energy-market-Offshore-Wind-Energy-Market-CAGR--Growth-Rate-by-Region-2026---2031-1767803378375.png",
    "images/offshore-wind-energy-market-competitive-landscape-1761017608884.png",
    "images/market-snapshot.png",
    "images/pdf3.png",
    "images/Esomar-25.png",
    "images/GPTW-25-3xl.png",
    "images/offshore-wind-energy-market-size-image-1778160397479.png"
  ],
  "sections_count": 11
}