Global market valuation was derived through capacity installation mapping and component revenue analysis. The methodology included:
Identification of 50+ key manufacturers and developers across Europe, Asia-Pacific, North America, and emerging markets
Product mapping across turbine ratings (≤2 MW, >2-≤5 MW, >5-≤8 MW, >8-≤10 MW, >10-≤12 MW, >12 MW), foundation types (monopile, jacket, floating platforms), water depths (shallow <30m, transitional 30-60m, deep >60m), and installation structures (fixed vs. floating)
Analysis of reported and modeled annual revenues specific to offshore wind component portfolios including turbines, support structures, electrical infrastructure (wires, cables, substations), and installation vessels
Coverage of manufacturers and developers representing 75-80% of global market share in 2024
Extrapolation using bottom-up (installed capacity × capacity factor × PPA rates by country/region) and top-down (manufacturer revenue validation) approaches to derive segment-specific valuations across turbine components, foundation systems, electrical infrastructure, and offshore construction vessels