United States Offshore Wind Energy: Powering 700,000 Homes with Virginia's 2.6 GW Project | Offshore Wind Market 2025 Complete Analysis

DataM Intelligence has published a new research report on "Offshore Wind Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

The global offshore wind market size is growing at a high CAGR during the forecast period (2024-2031).

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The offshore wind market involves the development and deployment of wind turbines in marine environments to generate electricity. These turbines harness the kinetic energy of wind over oceans or large lakes, converting it into renewable power. Offshore wind farms are typically located far from shore to minimize visual impact and are connected to the grid via subsea cables. This sector is pivotal in global efforts to transition to sustainable energy sources and reduce carbon emissions.

Key Players:

Vestas Wind Systems A/S, General Electric, ABB, GoldWind, Nordex SE, EEW Group, Nexans, Doosan Heavy Industries & Construction, Siemens Gamesa Renewable Energy, S.A., and Shanghai Electric Power Generation Equipment Co., Ltd.

Key Development:

United States: Recent Industry Developments

✅ In August 2025, Ørsted and Eversource completed the 804 MW South Fork Offshore Wind Farm off Long Island, New York. The project is expected to power over 400,000 homes and enhance local renewable energy capacity.

✅ In July 2025, Dominion Energy commissioned the 2.6 GW Coastal Virginia Offshore Wind project, the largest in the U.S. It represents a $9.8 billion investment and will provide electricity to nearly 700,000 homes.

✅ In June 2025, General Electric launched its 13 MW Haliade-X turbine prototype in Massachusetts. The turbine integrates advanced digital controls for higher efficiency in offshore wind energy generation.

Japan: Recent Industry Developments

✅ In August 2025, JERA initiated operations of the 60 MW Akita Offshore Wind Farm in the Sea of Japan. The facility supports Japan's renewable energy targets and reduces reliance on imported fossil fuels.

✅ In July 2025, Marubeni Corporation partnered with Ørsted to invest $1.2 billion in the 1 GW Hibikinada Offshore Wind Project. The project will incorporate state-of-the-art turbines and supply clean energy to northern Japan.

✅ In June 2025, Hitachi Energy deployed its HVDC (High Voltage Direct Current) transmission technology for the 140 MW Kashima Offshore Wind Project. The technology ensures efficient power delivery from offshore turbines to the mainland grid.

Growth Forecast Projected:

The Global Offshore Wind Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Offshore Wind Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Component (Turbines, Electrical Infrastructure, Substructure, Others)

By Location (Shallow Water, Transitional Water, Deep Water)

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Offshore Wind producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Offshore Wind revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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