Europe Offshore Wind Turbine Market Size & Outlook
The offshore wind turbine market in Europe is expected to reach a projected revenue of US$ 23,225.1 million by 2033. A compound annual growth rate of 10.19% is expected of Europe offshore wind turbine market from 2026 to 2033.
Revenue, 2025 (US$M)
$10,556.5
Estimate, 2026 (US$M)
$11,774.1
Forecast, 2033 (US$M)
$23,225.1
CAGR, 2026 - 2033
10.2%
Global Market
Related Markets
Europe offshore wind turbine market highlights
- The Europe offshore wind turbine market generated a revenue of USD 10,556.5 million in 2025.
- The market is expected to grow at a CAGR of 10.19% from 2026 to 2033.
- In terms of segment, above 5 mw was the largest revenue generating capacity in 2025.
- Above 5 MW is the most lucrative capacity segment registering the fastest growth during the forecast period.
- Country-wise, Italy is expected to register the highest CAGR from 2026 to 2033.
Europe data book summary
| Market revenue in 2025 | USD 10,556.5 million |
| Market revenue in 2033 | USD 23,225.1 million |
| Growth rate | 10.19% (CAGR from 2026 to 2033) |
| Largest segment | Above 5 mw |
| Fastest growing segment | Above 5 MW |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 3 MW to 5 MW, Above 5 MW, Up to 3 MW |
| Key market players worldwide | General Electric, Equinor ASA, Iberdrola SA, Mitsubishi Heavy Industries Ltd, Goldwind, Naval Group, Nordex SE ADR, Siemens, ABB Ltd, Modec |
Other key industry trends
- In terms of revenue, Europe region accounted for 47.7% of the global offshore wind turbine market in 2025.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 13,765.9 million by 2033.
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Publish Date: Jul 24, 2026
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Offshore Wind Turbine Market Scope
Offshore Wind Turbine Market segmentation & scope
Offshore Wind Turbine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ABB Ltd | View profile | 108,700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | www.abb.com |
| Mitsubishi Heavy Industries Ltd | View profile | 86,331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | www.mhi.com |
| Iberdrola SA | View profile | 41,384 | Plaza Euskadi Number 5, Biscay, Bilbao, Spain, 48009 | www.iberdrola.com |
| Nordex SE ADR | View profile | 9,345 | Langenhorner Chaussee 600, Hamburg, Germany, 22419 | www.nordex-online.com |
| Equinor ASA | View profile | 24,467 | Forusbeen 50, Stavanger, Norway, N-4035 | www.equinor.com |
| General Electric | View profile | 10001+ | Boston, Massachusetts, United States, North America | www.ge.com |
| Siemens | View profile | 10001+ | Munich, Bayern, Germany, Europe | www.siemens.com |
| Goldwind | View profile | 1001-5000 | Beijing, Beijing, China, Asia | www.goldwindglobal.com/ |
| Naval Group | View profile | 10001+ | Paris, Ile-de-France, France, Europe | www.naval-group.com |
| Modec | View profile | 11-50 | Beaumont-lès-valence, Rhone-Alpes, France, Europe | www.modec.fr/ |
Europe Offshore Wind Turbine Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Offshore Wind Turbine Market Outlook will help companies and investors design strategic landscapes.
Above 5 Mw was the largest segment with a revenue share of 91.35% in 2025.
Horizon Databook has segmented the Europe offshore wind turbine market based on 3 mw to 5 mw, above 5 mw, up to 3 mw covering the revenue growth of each sub-segment from 2021 to 2033.
- Europe Offshore Wind Turbine Market Capacity Outlook (Revenue, USD Million , 2021-2033)
- Up to 3 MW
- 3 MW to 5 MW
- Above 5 MW
- Europe Offshore Wind Turbine Market Water Depth Outlook (Revenue, USD Million , 2021-2033)
- Shallow Water (<30 M Depth)
- Transitional Water (30-60 M Depth)
- Deepwater (More than 60 M Depth)
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Offshore Wind Turbine Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Offshore Wind Turbine Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Europe Offshore Wind Turbine Market, 2021-2033 (US$M)
Europe offshore wind turbine market statistics, by capacity, 2021-2033 (US$M)
