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    US Floating Wind Turbine Market

    ID: MRFR/E&P/16534-HCR
    100 Pages
    Snehal Singh
    October 2025

    US Floating Wind Turbine Market Research Report By Technology (Spar-Buoy, Semi-Submersible, Tension Leg Platform, Dynamic Positioning Systems), By Mooring System (Drag-In Anchoring, Catenary Anchoring, Tethered Anchoring, Suction Anchoring), By Installation Method (Floating Installation, Wet Tow Installation, Dry Tow Installation) and By End Use (Energy Production, Research and Development, Commercial Agreements) - Forecast to 2035

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    US Floating Wind Turbine Market Infographic
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    US Floating Wind Turbine Market Summary

    The US Floating Wind Turbine market is projected to grow significantly from 400 USD Million in 2024 to 2200 USD Million by 2035.

    Key Market Trends & Highlights

    US Floating Wind Turbine Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate of 16.76 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 2200 USD Million, indicating robust growth potential.
    • In 2024, the market is valued at 400 USD Million, laying a strong foundation for future expansion.
    • Growing adoption of floating wind turbine technology due to increasing demand for renewable energy sources is a major market driver.

    Market Size & Forecast

    2024 Market Size 400 (USD Million)
    2035 Market Size 2200 (USD Million)
    CAGR (2025-2035) 16.76%

    Major Players

    EDF Renewables, TotalEnergies, Northland Power, Shell, New England Aqua Ventus, Avangrid, Equinor, EDP Renewables, Atlantis Resources, MHI Vestas, General Electric, Copenhagen Infrastructure Partners, Principle Power, Siemens Gamesa

    US Floating Wind Turbine Market Trends

    Opportunities to be explored in this market include the potential for research and development in advanced floating turbine designs that can withstand harsher oceanic conditions, which is especially relevant as the US looks to expand its offshore wind capacity.Additionally, collaboration between public and private sectors can lead to accelerated project developments and increased funding avenues for floating wind initiatives.

    Trends in recent times in the US show a rising focus on environmental sustainability, which correlates with floating wind turbines as they offer a viable solution for areas with high energy needs without occupying valuable land. Furthermore, technological advancements in wind turbine efficiency and energy storage systems are also enhancing the viability of floating platforms.

    As the US seeks to implement more offshore wind farms, investments toward site-specific studies, environmental assessments, and maritime navigation improvements are becoming more prevalent.Coupled with this is a budding interest from local communities in participating in renewable energy initiatives, which collectively supports the growth of the floating wind turbine sector in the country.

    Market Segment Insights

    US Floating Wind Turbine Market Segment Insights:

    US Floating Wind Turbine Market Segment Insights:

    Floating Wind Turbine Market Technology Insights

    Floating Wind Turbine Market Technology Insights

    The Technology segment of the US Floating Wind Turbine Market is pivotal for the advancement of offshore wind energy, as it encompasses a variety of innovative solutions designed to harness wind power in deep waters. Among the prominent technologies are the Spar-Buoy and Semi-Submersible platforms, both of which have unique characteristics that enable them to operate efficiently in challenging marine environments. Spar-Buoy platforms, with their deep-draft designs, provide enhanced stability and are particularly effective in deep-water locations, where traditional fixed-bottom turbines may not be feasible.

    On the other hand, Semi-Submersibles are designed to float on the water surface, utilizing buoyancy to remain stable during turbulent sea conditions, thus making them a substantial part of the market's technological landscape.The Tension Leg Platform (TLP) technology holds significant advantages as it minimizes motion in rough seas, allowing for a more consistent energy output. This aspect makes TLPs a preferred choice for areas subject to high wave action and strong currents, which is essential for maximizing efficiency and reducing wear on the turbine systems.

    Furthermore, Dynamic Positioning Systems, which utilize thrusters and GPS technology, ensure that floating platforms can maintain their intended position and orientation, which is critical for the effective functioning of wind turbines in variable ocean conditions. Each of these technologies plays a crucial role in the US Floating Wind Turbine Market segmentation, contributing to the overall efficiency, reliability, and cost-effectiveness of offshore wind projects. The deployment of these innovative technologies is supported by growing interests in renewable energy sources and governmental initiatives aimed at reducing reliance on fossil fuels, thus driving the market forward.

    Overall, advancements in technology within this segment represent a major opportunity for enhancing the sustainability and operability of floating wind energy systems in the United States.

    Floating Wind Turbine Market Mooring System Insights

    Floating Wind Turbine Market Mooring System Insights

    The Mooring System segment within the US Floating Wind Turbine Market plays a crucial role in ensuring the stability and efficiency of offshore wind installations. With the focus on harnessing wind energy, various anchoring technologies are employed, including Drag-In Anchoring, Catenary Anchoring, Tethered Anchoring, and Suction Anchoring. Each of these anchoring solutions presents its own advantages, catering to different marine environments and turbine designs.

    Drag-In Anchoring is favored for its ease of installation and resilience in dynamic wave conditions, making it a reliable choice for deeper waters.Catenary Anchoring offers flexibility, adapting to seabed conditions, while Tethered Anchoring delivers a robust solution for increased load capacity, critical for larger turbine models.

    Suction Anchoring, known for its minimal environmental disturbance and effective installation process, is gaining traction as a sustainable option. As the US focuses on expanding its offshore wind capacity, driven by government initiatives and investments, the demand for innovative mooring solutions is expected to grow significantly, influencing market dynamics and paving the way for advancements in technology and installation practices.The growth of this segment is bolstered by an increasing commitment to renewable energy, aligning with national targets for reducing emissions and expanding domestic energy sources.

    Floating Wind Turbine Market Installation Method Insights

    Floating Wind Turbine Market Installation Method Insights

    The Installation Method segment of the US Floating Wind Turbine Market plays a crucial role in determining the efficiency and success of offshore wind projects. Floating Installation, Wet Tow Installation, and Dry Tow Installation techniques are pivotal for deploying floating wind turbines in deeper waters, which are increasingly preferred due to their higher wind speeds and reduced visual impact. Floating Installation is known for its cost-effectiveness and flexibility, allowing turbines to be anchored far from shore, thus tapping into more potent wind resources.

    Wet Tow Installation involves towing assembled turbines directly to site, speeding up deployment but requiring careful planning to mitigate environmental impacts. Dry Tow Installation, while less common, benefits from on-shore assembly that can enhance quality control and logistics management. Each method reflects the industry's adaptation to technological advancements and the growing demand for renewable energy in the US, driven by government incentives and societal shifts towards sustainability. As the US aims to significantly increase its offshore wind capacity, the choice of installation method will be influenced by economic, environmental, and technological considerations, shaping the future of this burgeoning market.

    Floating Wind Turbine Market End Use Insights

    Floating Wind Turbine Market End Use Insights

    The US Floating Wind Turbine Market exhibits significant potential across its various end-use segments, primarily focusing on Energy Production, Research and Development, and Commercial Agreements. The importance of Energy Production cannot be understated, as it drives the market's growth, with an increasing emphasis on renewable sources of energy to meet sustainability goals set by various governmental policies. Research and Development plays a crucial role in advancing technology, addressing challenges related to efficiency and integration into the existing energy infrastructure.Continuous innovations in turbine design and floating platform technologies are essential for enhancing performance and reducing costs in the sector.

    Meanwhile, Commercial Agreements have gained traction as stakeholders collaborate to leverage shared resources, expertise, and investments, facilitating market penetration and scalability. As policymakers and industries converge on the need for a cleaner energy future, these end-use segments collectively contribute to the overall growth and evolution of the US Floating Wind Turbine Market. With the evolving energy landscape in the US, these segments align well with trends fostering clean energy initiatives and paving the way for sustainable growth in the coming years.

    Get more detailed insights about US Floating Wind Turbine Market Research Report — Global Forecast till 2035

    Key Players and Competitive Insights

    The US Floating Wind Turbine Market has been gaining traction as renewable energy sources become increasingly essential in addressing climate change and energy demands. The competitive landscape of this market is characterized by a blend of established players and emerging companies focused on harnessing wind energy from offshore locations. With advancements in technology and a growing emphasis on reducing carbon footprints, various stakeholders are investing in research and development to enhance the efficiency and capabilities of floating wind turbines.

    As regulatory support evolves and the demand for clean energy escalates, this dynamic market continues to attract significant interest from both public and private sectors, creating a vibrant competitive environment where innovation plays a key role.EDF Renewables stands out in the US Floating Wind Turbine Market for its commitment to developing and operating renewable energy projects. The company has established a strong market presence through strategic partnerships, collaborations, and leveraging its extensive experience in the energy sector.

    EDF Renewables’ strengths lie in its solid project execution capabilities, technical expertise in wind technology, and a portfolio that spans various renewable energy projects, including onshore and offshore wind farms.

    The company's ability to integrate innovative solutions and maintain a robust project pipeline enables it to be a formidable player in the floating wind turbine sector. With a focus on sustainability, EDF Renewables continues to enhance its position, contributing significantly to the growth of floating wind projects in the United States.TotalEnergies has made significant strides in the US Floating Wind Turbine Market, emphasizing the transition to sustainable energy through various initiatives tailored to the unique demands of the US market. The company actively invests in floating wind technology, showcasing its innovative approach to harnessing offshore wind resources.

    TotalEnergies offers a diverse range of services in this sector, including project development, financing, and engineering, all aimed at optimizing the performance and efficiency of floating wind farms. One of the key strengths of TotalEnergies lies in its global presence and expertise, enabling it to leverage knowledge from international markets to enhance its operations in the US.

    The company has also engaged in strategic mergers and acquisitions to bolster its technological capabilities and expand its footprint within the floating wind space, ensuring its competitiveness in this rapidly evolving market while contributing to the broader goals of renewable energy adoption in the country.

    Key Companies in the US Floating Wind Turbine Market market include

    Industry Developments

    The US Floating Wind Turbine Market has witnessed significant developments recently, with heightened interest from major renewable energy players. Companies such as EDF Renewables and TotalEnergies are actively investing in floating wind projects, signing agreements to expand capacity along the East Coast. In October 2023, Northland Power announced plans for a joint venture with Shell to develop floating wind farms, indicating a growing trend of collaboration in the sector. The American government has been supportive, enhancing incentives for clean energy investments, and emissions reduction goals are driving demand for floating wind technology.

    Companies like Avangrid and Equinor have revealed intentions to advance their projects, focusing on key states like Maine and California. Additionally, MHI Vestas and General Electric are ramping up production capabilities to meet the anticipated increase in demand. Over the past two to three years, the market has seen substantial growth, with estimates suggesting a market valuation exceeding USD 150 billion by 2025, spurred by technological advancements and favorable regulatory frameworks. As of July 2023, advancements in turbine technology and floating platform designs have greatly enhanced project viability, further energizing this burgeoning sector.

    Market Segmentation

    Outlook

    • Energy Production
    • Research and Development
    • Commercial Agreements

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 301.35(USD Million)
    MARKET SIZE 2024 400.0(USD Million)
    MARKET SIZE 2035 2200.0(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 16.763% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED EDF Renewables, TotalEnergies, Northland Power, Shell, New England Aqua Ventus, Avangrid, Equinor, EDP Renewables, Atlantis Resources, MHI Vestas, General Electric, Copenhagen Infrastructure Partners, Principle Power, Siemens Gamesa
    SEGMENTS COVERED Technology, Mooring System, Installation Method, End Use
    KEY MARKET OPPORTUNITIES Increased offshore renewable energy demand, Technological advancements in turbine design, Government incentives for clean energy, Expansion of existing ports and infrastructure, Strategic partnerships for innovative solutions
    KEY MARKET DYNAMICS regulatory support and incentives, technological advancements in design, rising demand for renewable energy, high installation and operational costs, environmental impact considerations
    COUNTRIES COVERED US

    FAQs

    What is the expected market size of the US Floating Wind Turbine Market in 2024?

    The US Floating Wind Turbine Market is expected to be valued at 400.0 million USD in 2024.

    What is the projected market size of the US Floating Wind Turbine Market by 2035?

    By 2035, the US Floating Wind Turbine Market is projected to reach 2200.0 million USD.

    What is the expected CAGR for the US Floating Wind Turbine Market from 2025 to 2035?

    The US Floating Wind Turbine Market is expected to grow at a CAGR of 16.763% from 2025 to 2035.

    Which technology segment leads the US Floating Wind Turbine Market in 2024?

    The Spar-Buoy technology segment leads the market, valued at 120.0 million USD in 2024.

    What will be the market value of the Semi-Submersible segment in 2035?

    The Semi-Submersible segment is projected to reach 780.0 million USD by 2035.

    Who are the key players in the US Floating Wind Turbine Market?

    Key players include EDF Renewables, TotalEnergies, Northland Power, and Shell among others.

    What is the market value for the Tension Leg Platform segment in 2024?

    The Tension Leg Platform segment is valued at 90.0 million USD in 2024.

    How significant is the Dynamic Positioning Systems segment in terms of market value by 2035?

    The Dynamic Positioning Systems segment is projected to reach 250.0 million USD by 2035.

    What growth opportunities exist in the US Floating Wind Turbine Market?

    There are significant growth opportunities driven by increasing demand for renewable energy and technological advancements.

    What challenges does the US Floating Wind Turbine Market face?

    Challenges include regulatory hurdles and the high cost of technology implementation.

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