Floating Wind Turbine Market Insights Video

According to Cognitive Market Research, the Global Floating Wind Turbine Market size was USD 5124.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 30.50% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 2049.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 28.7% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1537.35 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1178.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 32.5% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 256.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.9% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 102.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.2% from 2024 to 2031.
• The Spar-buoy Foundation type is the fastest growing segment of the Global Floating Wind Turbine Market.