India Offshore Wind Turbine Market to Reach USD 1,845.72 Million (CAGR 11.02%) by 2034 | Get Free Sample Report

According to IMARC Group's report titled "India Offshore Wind Turbine Market Size and Forecast by Location of Deployment, Foundation Type, Capacity, Component, application, and Region 2026-2034, The report offers a comprehensive analysis of the industry, including market's regional insights.

Short Summary:

The India offshore wind turbine market has entered a strategic growth phase as the country accelerates its clean-energy diversification goals. According to IMARC Group, the market reached USD 720.32 Million in 2025 and is projected to reach USD 1,845.72 Million by 2034, exhibiting a strong CAGR of 11.02% during 2026-2034.

India's offshore wind potential, especially across the Gujarat and Tamil Nadu coasts, offers high-capacity yields, stable wind profiles, and long-term energy security benefits. Government support through viability gap funding (VGF), collaboration with global offshore wind leaders, R&D support for floating foundation technology, and port infrastructure development are catalyzing early project readiness. As offshore wind matures, it is expected to complement India's onshore wind and solar ecosystem, creating a multi-layered renewable energy framework for the next decade.

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Latest Developments & Government / Policy-Level Drivers:

• Viability Gap Funding (VGF) Approved for First 1 GW: The Government of India's dedicated VGF scheme supports early offshore wind projects, reducing initial risks and making large-scale deployment financially viable.

• Port Infrastructure & Transmission Planning: Under national renewable energy programs, the government is strengthening port capabilities, subsea cabling readiness, and marine logistics support essential for offshore turbine installations.

• International Collaboration for Offshore Wind: India has partnered with global wind economies (e.g., the UK) to accelerate offshore wind technology transfer, workforce training, and supply-chain development.

• Support for Floating and Deep-Water Wind Solutions: To utilize deep-water regions across the coast, the government is encouraging R&D and pilot initiatives for floating foundations and deep-sea offshore turbine technologies.

• Alignment with National Clean Energy Targets: Offshore wind is integrated into India's long-term renewable energy mission, supporting decarbonization goals, reduced fossil-fuel dependency, and diversification of the national power mix.

Analyst Commentary:

India's offshore wind industry is transitioning from conceptual planning to active development. Strong policy backing, early infrastructure preparation, and interest from global OEMs place the sector on a promising trajectory. With ambitious capacity targets and robust wind resources, offshore wind is poised to emerge as a crucial pillar of India's future energy architecture. Players who enter early-via partnerships, localized manufacturing, and supply-chain investments-are expected to gain a significant competitive edge.

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Key Trends:

• Shallow-Water Fixed Foundation Installations Increasing - Early offshore projects will focus on fixed foundations in shallow-water sites for cost efficiency.

• Rising R&D Interest in Floating Foundations - Floating technology expands viable offshore zones, enabling deep-water wind harnessing.

• OEM Partnerships & Localization Efforts - Global turbine manufacturers are exploring Indian partnerships for blades, towers, nacelles, and marine components.

• Enhanced Marine-Grade Turbine Designs - Turbines with corrosion-resistant materials, advanced monitoring systems, and marine-adapted drivetrains are gaining adoption.

• Strengthening Port & Grid Infrastructure - Upgraded ports and enhanced transmission corridors enable long-term offshore project feasibility.

• Utility-Scale Project Planning Intensifies - India is preparing for multi-GW offshore wind farms in the medium term.

Growth Drivers:

• Robust Government Policy Support & VGF Incentives - Adds financial feasibility for early adopters and large-scale developers.

• Rising Electricity Demand & Clean Energy Push - Offshore wind offers high-capacity, stable generation to support long-term energy security.

• Strong Offshore Wind Resource Availability - Gujarat and Tamil Nadu coastlines provide world-class offshore wind potential.

• Infrastructure Modernization for Ports & Cabling - Strengthened coastal infrastructure accelerates offshore deployment timelines.

• Technology Transfer & Global Collaboration - International partnerships bring expertise in installation, foundations, and turbine manufacturing.

• Corporate Renewable Energy Demand Growth - Industries increasingly prefer offshore wind PPAs for long-term sustainability commitments.

• Falling Levelized Cost of Energy (LCOE) Over Time - Larger turbines, advanced installation techniques, and economies of scale support long-term cost reduction.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/india-offshore-wind-turbine-market

Comprehensive Market Report Highlights & Segmentation Analysis:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest India offshore wind turbine market share. It includes forecasts for the period 2026-2034 and historical data from 2020-2025 for the following segments.

Analysis by Location of Deployment:

• Shallow Water
• Deepwater

Analysis by Foundation Type:

• Fixed Foundation
• Floating Foundation

Analysis by Capacity:

• Up to 5 MW
• 5 to 8 MW
• Above 8 MW

Analysis by Component:

• Rotor Blades
• Nacelle and Drivetrain
• Generator
• Tower
• Power-electronics and Control

Analysis by Application:

• Utility-scale
• Commercial and Industrial
• Residential and Micro-grid

Regional Insights:

• North India
• South India
• East India
• West India

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Competitor Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

Other key areas covered in the report:

• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Market Dynamics
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
• Top Winning Strategies
• Recent Industry News
• Key Technological Trends & Development

Frequently Asked Questions:

Q1. What was the size of the India offshore wind turbine market in 2025?
A1. The market reached USD 720.32 Million in 2025.

Q2. What is the market forecast for 2034?
A2. It is projected to reach USD 1,845.72 Million by 2034, growing at 11.02% CAGR during 2026-2034.

Q3. What are the major segments in the offshore wind turbine market?
A3. The market includes segmentation by:
• Water depth: Shallow water, deep water
• Foundation type: Fixed vs. floating
• Turbine capacity: Up to 5 MW, 5-8 MW, above 8 MW
• Application: Utility, commercial, industrial, others

Q4. What factors are driving offshore wind development in India?
A4. Government incentives, rising energy demand, offshore wind potential, technology partnerships, port upgrades, and India's clean-energy transition goals.

Q5. Which regions have the highest offshore wind potential?
A5. The Gujarat and Tamil Nadu coastlines are India's primary offshore wind zones, supported by favourable wind speeds and suitable bathymetry.

Q6. What challenges exist in offshore wind deployment?
A6. High capital costs, complex permitting, marine logistics, and subsea infrastructure requirements remain core challenges.

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Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Updated Date: 03-Dec-2025

Author: Tarang Chauhan

Sources: IMARC Group

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

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