Asia-Pacific Floating Offshore Wind Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Asia-Pacific Floating Offshore Wind Power market is segmented by Water Depth (Shallow Water (Less than 30m), Transitional Water (30m to 60m), Deepwater (More than 60m), and Geography (China, India, Japan, and Rest of Asia-Pacific)

Asia-Pacific Floating Offshore Wind Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

APAC Floating Offshore Wind Power Market Size

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Asia-Pacific Floating Offshore Wind Power Market - Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 6.00 %
Market Concentration Medium

Major Players

Asia-Pacific Floating Offshore Wind Power Market Major Players

*Disclaimer: Major Players sorted in no particular order

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APAC Floating Offshore Wind Power Market Analysis

The Asia-Pacific Floating Offshore Wind Power Market is expected to register a CAGR of greater than 6% during the forecast period.

  • Over the short term, the Asia-Pacific floating offshore wind power market is expected to grow as the governments of the Asian countries are keen on expanding the renewable energy capacities in their respective countries, and due to the increased flexibility in offshore wind operations.
  • On the other hand, the aggressive competition from other renewables is expected to put a threat to the growth of the floating offshore wind power market.
  • Nevertheless, the focus of many countries like Japan, Taiwan, and South Korea on the development of a floating offshore wind power market is expected to create many lucrative opportunities for the market.
  • China is expected to witness a faster growth due to the government's plans to expand the floating offshore wind portfolio.

APAC Floating Offshore Wind Power Industry Overview

The Asia-Pacific floating offshore wind market is moderately fragmented. Some of the key players (in no particular order) include Vestas Wind Systems A/S, Tohoku Electric Power Co Inc., BW Ideol, MingYang Smart Energy, and CNOOC Ltd.

APAC Floating Offshore Wind Power Market Leaders

  1. Vestas Wind Systems A/S

  2. Tohoku Electric Power Co Inc.

  3. BW Ideol

  4. MingYang Smart Energy

  5. CNOOC Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
APAC Floating Offshore Wind Power Market Concentration
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APAC Floating Offshore Wind Power Market News

  • In November 2022, Osaka University in Japan announced plans to develop the country's largest floating wind turbine. The Japanese civil engineering company Toda will develop the wind turbine, and it is expected to build with a capacity of 15 megawatts and 200-meter-long turbine blades, which is larger than three times the existing wind turbines.
  • In October 2022, the Chinese turbine maker CSSC Haizhuang, a member of China State Shipbuilding Corporation, introduced plans to develop a floating offshore wind turbine installed in Guangdong Province's waters. The floater, named Fuyao, is developed by CSSC's subsidiary Haizhuang Wind Power and is equipped with a 6.2 MW typhoon-resistant wind turbine with a 152-meter-long rotor diameter.

APAC Floating Offshore Wind Power Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Water Depth
    • 5.1.1 Shallow Water (Less than 30m)
    • 5.1.2 Transitional Water (30m to 60m)
    • 5.1.3 Deepwater (More than 60m)
  • 5.2 Geography
    • 5.2.1 China
    • 5.2.2 India
    • 5.2.3 Japan
    • 5.2.4 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Vestas Wind Systems A/S
    • 6.3.2 Tohoku Electric Power Co Inc.
    • 6.3.3 BW Ideol
    • 6.3.4 Mingyang Smart Energy
    • 6.3.5 CNOOC Ltd
    • 6.3.6 Ocean Winds
    • 6.3.7 Aker Offshore Wind
    • 6.3.8 Shell Plc.
    • 6.3.9 Green Investment Group
    • 6.3.10 Tuv Sud Indonesia
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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APAC Floating Offshore Wind Power Industry Segmentation

The floating offshore wind power technology deploys the wind turbine on floating structures rather than on the fixed bottom. It allows the installation of wind turbines in high water depths where the wind speed is good. 

The Asia-Pacific floating offshore wind power market is segmented by Water Depth and Geography. By water depth, the market is segmented into Shallow Water (Less than 30m), Transitional Water (30m to 60m), Deepwater (More than 60m). The report also covers the market size and forecasts for the Asia-Pacific floating offshore wind power market across major countries. For each segment, the market sizing and forecasts have been done based on installed capacity (in MW) and revenue (in USD billion).

Water Depth Shallow Water (Less than 30m)
Transitional Water (30m to 60m)
Deepwater (More than 60m)
Geography China
India
Japan
Rest of Asia-Pacific
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APAC Floating Offshore Wind Power Market Research FAQs

What is the current Asia-Pacific Floating Offshore Wind Power Market size?

The Asia-Pacific Floating Offshore Wind Power Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)

Who are the key players in Asia-Pacific Floating Offshore Wind Power Market?

Vestas Wind Systems A/S, Tohoku Electric Power Co Inc., BW Ideol, MingYang Smart Energy and CNOOC Ltd. are the major companies operating in the Asia-Pacific Floating Offshore Wind Power Market.

What years does this Asia-Pacific Floating Offshore Wind Power Market cover?

The report covers the Asia-Pacific Floating Offshore Wind Power Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Floating Offshore Wind Power Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asia-Pacific Floating Offshore Wind Power Industry Report

Statistics for the 2025 Asia-Pacific Floating Offshore Wind Power market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Floating Offshore Wind Power analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.