Press release
North America Floating Wind Power Industry Size, Share, Trends, and Growth Outlook 2025-2035
North America Floating Wind
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Definition and Uses
Floating wind power involves installing wind turbines on floating platforms anchored to the seabed, which allows deployment in waters beyond the reach of conventional fixed-bottom turbines.
Key Uses:
Large-scale renewable electricity generation for utility companies and IPPs
Government-funded renewable energy initiatives and public-sector projects
Integration with hybrid renewable solutions such as green hydrogen production
Support for regional decarbonization and sustainability goals
Industry Dynamics
Drivers:
Increasing demand for clean energy and reduction of fossil fuel dependence
Supportive government policies, incentives, and renewable energy mandates
Technological advancements in floating platforms, mooring systems, and high-capacity turbines
Restraints:
High capital expenditure for deployment and installation
Operational challenges in offshore environments, including maintenance and extreme weather
Opportunities:
Expansion into ultra-deep water regions previously inaccessible to conventional offshore wind turbines
Strategic partnerships between energy developers, technology providers, and investors
Integration of floating wind farms with hybrid renewable energy projects for improved grid stability
Segmentation Analysis
By Foundation Type
Spar-Buoy - Popular for deep-water deployments due to stability and cost efficiency
Semi-Submersible - Supports large turbines and high energy output
Tension-Leg Platform (TLP) - Provides robust mooring for high-capacity offshore turbines
Barge - Ideal for smaller-scale or nearshore projects
Others - Innovative hybrid and modular platform designs emerging in pilot projects
By Water Depth
Shallow Water (up to 60m) - Lower installation costs, early deployment zones
Deep Water (60m-200m) - Suitable for large-scale offshore farms
Ultra-Deep Water (200m & above) - Future growth segment with advanced platform technology
By Turbine Capacity
Up to 3 MW - Small-scale projects or pilot farms
3-5 MW - Standard for nearshore deployments
5-8 MW - Widely adopted for far-offshore installations
Above 8 MW - Emerging ultra-high-capacity turbines for maximum energy output
By Deployment Location
Nearshore - Lower installation and maintenance costs; easier access
Far Off-Shore - Higher energy potential; supports large-scale electricity generation
By End User
Utility Companies - Largest consumers of floating wind capacity
Independent Power Producers (IPPs) - Increasing involvement in renewable projects
Government & Public Sector - Funding and policy-driven deployments
Others - Private projects, research institutions, and hybrid renewable facilities
By Country
Key deployment hubs include United States, Canada, and Mexico, supported by government policies, private investments, and access to offshore wind resources.
Competitive Landscape
The North America floating wind power sector is highly competitive, with companies investing in R&D, platform innovation, and large-scale project execution. Companies are focused on maximizing efficiency, reducing costs, and expanding offshore capacity.
Key Companies Profiled:
Diamond Offshore Wind - Leading project developer in U.S. offshore wind
General Electric Company (GE) - High-capacity turbine supplier for floating platforms
Ørsted Vision - Strategic offshore project developer
Principle Power - Pioneer in semi-submersible floating platforms
Siemens Gamesa Renewable Energy, S.A.U. - Advanced turbine technology provider
Sumitomo Electric Industries, Ltd - Specialist in offshore energy infrastructure
RWE & Vestas - Global leaders in renewable energy deployments
DOOSAN ENERBILITY - Turbine and platform solutions for North America
Equinor ASA - Large-scale offshore project execution
Macquarie Group Limited & Rockwell Automation - Investment and tech solutions
Atlantic Shores Offshore Wind, LLC & Southwire Company, LLC - Regional developers
BW Ideol - Floating platform innovation and deployment
Report Link: https://www.prophecymarketinsights.com/market_insight/north-america-floating-wind-power-market-6005
Industry Trends
Deployment of high-capacity turbines (>8 MW) for far-offshore farms
Expansion into ultra-deep water zones with semi-submersible and TLP platforms
Integration with hybrid renewable solutions, including green hydrogen production
Modular platform designs to reduce costs and increase scalability
Business Relevance
The North America floating wind power industry provides significant opportunities for energy companies, investors, and technology providers. With the region targeting net-zero emissions by 2050, floating wind projects are essential for generating renewable energy in deep-water locations, supporting grid stability, and meeting sustainability goals. Strategic partnerships, R&D, and government-backed initiatives can help companies capitalize on this high-growth sector.
Recent Developments
Diamond Offshore Wind expanded offshore projects in the U.S. Eastern Seaboard
Ørsted Vision commissioned new floating turbine farms in the Gulf of Mexico
Siemens Gamesa Renewable Energy introduced next-generation high-capacity turbines for far-offshore projects
Vestas & GE collaborated on modular turbine solutions for deep-water deployment
Frequently Asked Questions (FAQs)
Q1. What is the size of the North America floating wind power industry?
The industry is projected to grow from USD 3.4 Billion in 2025 to USD 113.1 Billion by 2035, at a CAGR of 42.04%.
Q2. Which countries lead this sector?
The United States, Canada, and Mexico are the primary contributors, leveraging offshore wind potential and policy support.
Q3. What are the main drivers for growth?
Rising demand for clean energy, government incentives, and technological advancements in floating platforms and turbines.
Q4. Who are the top companies in this sector?
Diamond Offshore Wind, GE, Ørsted Vision, Principle Power, Siemens Gamesa, Vestas, RWE, Equinor ASA, BW Ideol, and Sumitomo Electric.
Q5. What opportunities exist in this sector?
Expansion in ultra-deep waters, hybrid renewable energy integration, and strategic collaborations for large-scale projects.
Author
Riya Bhalchandra More - Research Associate, Prophecy Market Insights
Riya brings 3+ years of expertise in energy and renewable research. She specializes in industry sizing, trend analysis, competitive benchmarking, and strategic insights, providing actionable intelligence to stakeholders, investors, and companies in dynamic energy sectors.
India: Sai Ambience, Kunal Icon Rd, Pimple Saudagar, Pune
Rest of world: + 91 7775049802
About Us
We are a team of dedicated and impassioned individuals, who believe strongly in giving our very best to what we do and we never return down from any challenge. At prophecy we cater to industries, individuals, and organizations across the globe and deliver our offerings in the shortest possible turnaround time.
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