North America Offshore Wind Market

North America Offshore Wind Market size was valued at USD 5.8 billion in 2025 and is forecast to grow from USD 6.8 billion in 2026 to reach USD 15.2 billion by 2031, at a CAGR of 17.5%.

Description

The North America Offshore Wind Market size was valued at USD 5.8 billion in 2025 and is forecast to grow from USD 6.8 billion in 2026 to reach USD 15.2 billion by 2031, at a CAGR of 17.5%. Offshore wind energy involves generating electricity using wind turbines installed in coastal and offshore marine environments. The market is witnessing rapid expansion due to ambitious renewable energy targets, favorable government incentives, and increasing investments in clean power infrastructure. Offshore wind offers higher capacity factors and stronger wind resources compared to onshore installations, making it an attractive solution for large-scale decarbonization. Technological advancements in turbine design, floating foundations, and offshore transmission systems continue to strengthen market growth across North America.

Table of Contents

  • Product Overview

    1. Market Definition

    2. Scope of the Market

      1. Markets Covered

      2. Years Considered for Study

      3. Key Market Segmentations

  • Research Methodology

    1. Objective of the Study

    2. Baseline Methodology

    3. Key Industry Partners

    4. Major Association and Secondary Sources

    5. Forecasting Methodology

    6. Data Triangulation & Validation

    7. Assumptions and Limitations

  • Executive Summary

    1. Overview of the Market

    2. Overview of Key Market Segmentations

    3. Overview of Key Market Players

    4. Overview of Key Regions/Countries

    5. Overview of Market Drivers, Challenges, Trends

  • Voice of Customer

  • North America Offshore Wind Market Outlook

    1. Market Size & Forecast

      1. By Value

    2. Market Share & Forecast

      1. By Foundation Type (Fixed Foundation, Floating Foundation)

      2. By Water Depth (Shallow Water, Transitional Water, Deep Water)

      3. By Component (Turbines, Substructures, Electrical Infrastructure, Others)

      4. By Country

      5. By Company (2025)

  • United States Offshore Wind Market Outlook

    1. Market Size & Forecast

      1. By Value

    2. Market Share & Forecast

      1. By Foundation Type

      2. By Water Depth

      3. By Component

      4. By Region

  • Canada Offshore Wind Market Outlook

    1. Market Size & Forecast

      1. By Value

    2. Market Share & Forecast

      1. By Foundation Type

      2. By Water Depth

      3. By Component

      4. By Region

  • Mexico Offshore Wind Market Outlook

    1. Market Size & Forecast

      1. By Value

    2. Market Share & Forecast

      1. By Foundation Type

      2. By Water Depth

      3. By Component

      4. By Region

  • Market Dynamics

    1. Drivers

    2. Challenges

    3. Trends & Developments

  • North America Offshore Wind Market IP Overview

  • North America Offshore Wind Market: SWOT Analysis

  • Porter's Five Forces Analysis

    1. Competition in the Industry

    2. Potential of New Entrants

    3. Power of Suppliers

    4. Power of Customers

    5. Threat of Substitute Products

  • Competitive Landscape

    1. GE Vernova Inc.

      1. Business Overview

      2. Products & Services

      3. Recent Developments

      4. Key Personnel

      5. SWOT Analysis

    2. Siemens Gamesa Renewable Energy S.A.

    3. Vestas Wind Systems A/S

    4. Ørsted A/S

    5. Dominion Energy, Inc.

    6. Equinor ASA

    7. RWE AG

    8. Avangrid, Inc.

    9. Copenhagen Infrastructure Partners

    10. EDF Renewables North America

  • Strategic Recommendations

  • About Us & Disclaimer

    • [Type here]

    Methodology