Offshore Wind Turbines Market: Unlocking Growth Potential and Addressing Challenges United States of America – October 16, 2025 – The Insight Partners is proud to announce its newest market report, “Offshore Wind Turbines Market: An In-depth Analysis of the Offshore Wind Turbines Market.” The report provides a holistic view of the offshore wind turbines market and describes the current scenario as well as growth estimates during the forecast period. ________________________________________ Overview of the Offshore Wind Turbines Market The offshore wind turbines market is witnessing robust expansion, driven by global decarbonization efforts, increasing commitments to renewable energy targets, and technological innovation such as larger turbine capacities and floating foundations. Governments in Europe, Asia-Pacific, and North America are pushing policy frameworks and financial incentives for offshore wind to reduce carbon emissions, enhance energy security, and meet net-zero objectives. Despite the opportunities, challenges such as high capital costs, regulatory uncertainties, supply chain bottlenecks, and the technical complexity of deepwater/floating turbines pose hurdles. ________________________________________ Key Findings and Insights Market Size and Growth • In 2024, the global offshore wind turbine market was valued at approximately USD 19.85 billion. • It is forecast to grow to USD 38.13 billion by 2030, at a compound annual growth rate (CAGR) of around 11.5% from 2025 to 2030. • Another projection places the market at around USD 41.2 billion in 2024, expanding to approximately USD 115.5 billion by 2035, registering a CAGR of ~9.82%. • In a longer-term view, one study estimates the market will reach about USD 61.7 billion by 2035, starting from roughly USD 16.6 billion in 2025, with a CAGR of 14.0% over 2025-2035. https://www.theinsightpartners.com/reports/offshore-wind-turbine-market