North America Floating Offshore Wind Power Market will be led by the U.S., supported by strong government policies and rich offshore wind resources through 2026–2030.

According to TechSci Research report, “North America Floating Offshore Wind Power Market – By Country, Competition, Forecast & Opportunities, 2020-2030F, The North America Floating Offshore Wind Power Market was valued at USD 1.52 Billion in 2024 and is expected to reach USD 4.02 Billion by 2030 with a CAGR of 17.60% during the forecast period.

Robust investment in port infrastructure and marine supply chains is a pivotal driver for the scaling of the floating offshore wind power market in North America. Floating wind installations require specialized facilities for turbine assembly, platform integration, and transportation logistics that are distinct from those used in fixed-bottom wind projects. Ports must accommodate large vessels, heavy-lift equipment, and extensive laydown areas to support the construction and deployment of floating platforms. Recognizing this need, several ports along the Pacific and Atlantic coasts are being upgraded to function as staging grounds for offshore wind activities. The Port of Long Beach in California and the Port of Halifax in Nova Scotia are two key examples of infrastructure hubs being modified to meet the technical requirements of floating wind projects.

In tandem with port upgrades, the development of regional supply chains tailored to the floating offshore wind sector is gaining momentum. Domestic fabrication of components such as mooring systems, subsea cables, and turbine towers is being prioritized to reduce dependence on international suppliers and create local economic value. This is driving the establishment of specialized manufacturing clusters and workforce development programs focused on offshore wind competencies. Public-private partnerships are playing a critical role in financing these efforts, with governments offering grants and subsidies to de-risk infrastructure investments. The result is a strengthening of the entire value chain, from component production and logistics to operations and maintenance. This comprehensive supply ecosystem not only supports project execution but also enhances long-term market competitiveness by reducing lead times and costs.

An emerging trend in the North America Floating Offshore Wind Power Market is the integration of floating wind platforms with offshore green hydrogen production systems. As governments and industries look for decarbonization strategies across hard-to-electrify sectors such as shipping, aviation, and heavy manufacturing, green hydrogen produced using renewable electricity is gaining traction as a strategic solution. Floating offshore wind power offers an ideal complement to this objective by providing high-capacity, continuous renewable energy in remote marine environments that are often well suited for hydrogen electrolysis. Several pilot projects are underway to co-locate electrolyzers on offshore platforms or nearby coastal facilities that receive direct power from floating turbines.

This integration allows for the creation of a distributed energy ecosystem where excess electricity can be stored or converted into hydrogen, helping to stabilize the grid and support energy security. Furthermore, countries like Canada and the United States are exploring export opportunities for hydrogen, which could be produced in coastal regions with abundant offshore wind resources and shipped internationally. As this trend evolves, it is expected to attract investment from both traditional energy firms and new entrants in the hydrogen economy, paving the way for hybrid offshore energy systems that combine floating wind and green hydrogen in a single, scalable infrastructure.

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Based on Turbine Capacity, The 3-5 MW turbine capacity segment is recognized as the fastest-growing segment in the North America floating offshore wind power market. This segment strikes an optimal balance between energy generation efficiency and cost-effectiveness, making it highly attractive for developers and investors alike. Turbines within this capacity range are large enough to capture substantial wind energy while maintaining manageable installation and maintenance costs compared to larger, above 5 MW turbines, which often require more complex infrastructure.

The growth of this segment is further driven by technological advancements that have improved turbine reliability and performance within this capacity range. Additionally, the 3 to 5 megawatt turbines are well-suited for the varying wind conditions found off the North American coasts, especially in transitional and deepwater zones where floating offshore wind farms are being developed. These turbines enable faster project deployment and scalability, facilitating quicker returns on investment. Government incentives and policies supporting renewable energy also encourage the adoption of turbines in this category. Consequently, the 3-5 MW turbine segment is poised for rapid expansion, playing a critical role in the overall growth of the floating offshore wind power market across North America.

Based on country, Mexico is quickly becoming the fastest-growing country in the North America Floating Offshore Wind Power Market due to its favorable coastal geography and increasing focus on renewable energy. The Gulf of Mexico offers vast potential for floating offshore wind projects, with large areas suitable for deepwater installations. The Mexican government supports this growth through policies encouraging clean energy investments and ambitious plans to expand renewable capacity by 2030.

Private companies are investing heavily in developing offshore wind infrastructure. Key initiatives like competitive leasing processes for offshore wind sites in the Gulf further accelerate market expansion. These combined factors position Mexico as an emerging leader in the region, with the floating offshore wind sector expected to experience strong growth in the near future.

Key market players in the North America Floating Offshore Wind Power market are:

TotalEnergies SE
RWE Renewables GmbH
Ørsted A/S
BP p.l.c.
Shell plc
Dominion Energy, Inc.
Enel SpA
General Electric Company

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“The North America Floating Offshore Wind Power Market is expected to grow significantly in the coming years, driven by increasing demand for clean and renewable energy sources. Advancements in floating platform technology enable efficient energy capture in deepwater locations previously inaccessible to traditional fixed turbines. Supportive government policies, including substantial funding and incentives, are accelerating project development and infrastructure expansion.

Strategic partnerships between energy companies and investments in grid integration are further boosting market growth. As environmental concerns and carbon reduction targets intensify, the market is positioned to expand rapidly, making North America a key region in the global floating offshore wind power landscape.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global management consulting firm.

“North America Floating Offshore Wind Power Market By Water Depth (Shallow Water (Less Than 30 M Depth), Transitional Water (30 M to 60 M Depth), Deep Water (Higher Than 60 M Depth)), By Turbine Capacity (Up to 3 MW, 3-5 MW, Above 5 MW), By Country, Competition, Forecast and Opportunities, 2020-2030F,” has evaluated the future growth potential of North America Floating Offshore Wind Power Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in North America Floating Offshore Wind Power Market.

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