Offshore Wind Construction Vessel Market is expected to Grow with a CAGR of 10.29% through 2030
Growing investments in
offshore wind energy, increasing turbine sizes, and the demand for specialized
vessels to support large-scale installations are driving the expansion of the
offshore wind construction vessel market.
According to TechSci Research
report, “Offshore Wind Construction Vessel Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2030F”, the Offshore Wind Construction Vessel Market was valued at USD 9.31 Billion in 2024 and is expected to reach USD 16.91 Billion by 2030 with a CAGR of 10.29%. The
Offshore Wind Construction Vessel Market is experiencing robust growth,
primarily driven by the global surge in offshore wind energy projects aimed at
meeting rising electricity demand and achieving clean energy targets. As
governments and energy companies worldwide accelerate their shift toward
renewable energy sources, the offshore wind sector has emerged as a strategic
pillar in the decarbonization agenda. This rapid expansion of offshore wind
farms necessitates the deployment of specialized construction vessels capable
of handling large-scale installations in harsh marine environments.
The increasing size and
capacity of modern wind turbines—now reaching up to 20 MW—require highly
advanced and purpose-built vessels with heavy-lift capabilities, dynamic
positioning systems, and enhanced stability for safe and efficient operations.
As wind farms move farther from shore into deeper waters, demand is rising for
next-generation vessels that can perform complex tasks such as transporting,
lifting, and installing heavier and taller turbine components, foundations, and
substations. Additionally, the push to meet aggressive commissioning timelines
for large offshore projects is compelling developers to invest in more
efficient, high-performance construction fleets. The introduction of new
environmental regulations and emissions standards is further driving innovation
in vessel design, prompting the development of low-emission or dual-fuel
propulsion systems, including methanol- and LNG-powered vessels.
At the same time, the limited
availability of capable construction vessels is resulting in higher charter
rates and incentivizing shipbuilders and marine service providers to expand
their fleets. Several offshore wind developers are entering strategic partnerships
with vessel manufacturers or placing direct orders to ensure construction
capacity aligns with their project pipelines. Emerging markets in Asia-Pacific
and the Americas are also contributing significantly to market growth, as they
initiate ambitious offshore wind programs, creating a need for localized
construction capabilities and Jones Act-compliant vessels. Technological
advancements in digital integration, automation, and sea-keeping capabilities
are enhancing operational efficiency and safety, making offshore construction
vessels more attractive investments for stakeholders. Additionally, public and
private financing initiatives, along with favorable policy frameworks
supporting offshore wind development, are further bolstering capital investments
in the construction vessel segment.
These dynamics are reinforced
by increasing investor interest in sustainable infrastructure and ESG-aligned
energy portfolios, which is pushing developers to adopt advanced, efficient,
and environmentally responsible marine construction solutions. With growing
global commitments to net-zero emissions, the offshore wind construction vessel
market is expected to witness sustained demand, driven by a strong pipeline of
wind farm installations, rising turbine capacities, and expanding geographies
of deployment. The convergence of policy support, technological innovation, and
investment momentum makes the market a critical enabler of offshore wind growth
and positions it as a vital component of the clean energy transition.
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Based on the Water Depth
Capability, Shallow Water segment held the largest Market share in 2024. The
Offshore Wind Construction Vessel Market in the shallow water segment is
experiencing robust growth, driven by the rapid expansion of offshore wind
farms in coastal regions with water depths of less than 50 meters. Shallow
water zones are ideal for offshore wind development due to their ease of
accessibility, lower installation costs, and simpler infrastructure
requirements compared to deepwater locations. These factors significantly
reduce capital expenditure and operational risks, making shallow water projects
more financially viable and attractive for investors and developers.
As global demand for clean
and renewable energy accelerates, governments across Europe, Asia, and North
America are launching large-scale shallow water wind farm initiatives supported
by favorable policies, subsidies, and long-term energy transition goals. The
deployment of next-generation turbines with higher capacity and increased rotor
diameter in shallow waters necessitates the use of specialized construction
vessels equipped with heavy-lift capabilities, jack-up features, and dynamic
positioning systems for precise turbine installation. Additionally, the
relatively calm sea conditions and shorter distances to shore in shallow
regions allow for faster project timelines and more efficient logistics,
encouraging the use of dedicated wind construction fleets.
The availability of
established grid infrastructure near shorelines further supports the
development of shallow water projects by simplifying power transmission and
grid integration. As competition intensifies among project developers to secure
prime shallow water locations, the demand for reliable, high-performance
construction vessels continues to grow. Moreover, the global push for energy
independence and reduced carbon emissions is prompting governments and private
entities to fast-track offshore wind projects in these accessible waters. The
shallow water segment also benefits from technological advancements in vessel
design, including hybrid and low-emission propulsion systems, which align with
environmental regulations and sustainability standards.
Furthermore, the increasing
standardization and modularization of turbine components for shallow water
deployment enable quicker assembly and transport, thereby boosting the
efficiency of vessel utilization. With several offshore wind lease auctions and
project tenders focused on shallow coastal areas, there is a growing need for a
diversified fleet of vessels capable of supporting multiple phases of wind farm
construction—from foundation laying and turbine installation to cable laying
and commissioning. The emergence of regional manufacturing hubs for wind
turbine components in proximity to shallow water sites also strengthens the
supply chain and reduces logistical complexities, enhancing project execution
efficiency.
Based on region, Asia Pacific
is the fastest growing region in the Offshore Wind Construction Vessel Market,
fueled by rapid expansion of offshore wind energy projects across countries
such as China, Japan, South Korea, and Taiwan. The region’s strong commitment
to renewable energy, coupled with ambitious capacity addition targets, is
driving significant investment in offshore wind infrastructure. This surge in
activity is creating high demand for advanced construction vessels capable of
supporting large turbine installations and deepwater projects. Furthermore,
increasing regional shipbuilding capabilities, government-backed clean energy
policies, and growing involvement of domestic and international developers are
accelerating market growth across Asia Pacific.
Major companies operating in
the Global Offshore Wind Construction Vessel Market are:
- Seajacks International
Limited
- Van Oord Dredging and Marine
Contractors B.V.
- Dredging, Environmental and
Marine Engineering NV (DEME Group)
- Fred. Olsen Windcarrier AS
- Jan De Nul Group NV
- Cadeler A/S
- Royal Boskalis Westminster
N.V.
- Swire Blue Ocean A/S
- Shanghai Zhenhua Heavy
Industries Co., Ltd. (ZPMC)
- Eneti Inc.
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“The Global Offshore Wind
Construction Vessel Market is expected to rise in the upcoming years and
register a significant CAGR during the forecast period. The Offshore Wind
Construction Vessel Market is witnessing strong growth potential, driven by the
global acceleration of offshore wind energy deployment and the increasing scale
of wind turbine installations. As governments pursue ambitious renewable energy
targets, the demand for specialized vessels with advanced lifting capacities,
enhanced sea-keeping performance, and dynamic positioning capabilities
continues to rise. The shift toward larger turbines and deepwater projects is
further driving the need for next-generation construction vessels.
Additionally, expanding investments in floating wind farms and favorable
regulatory frameworks are creating substantial opportunities for purpose-built,
high-specification vessels across both established and emerging offshore wind
markets. Therefore, the Market of Offshore Wind Construction Vessel is expected
to boost in the upcoming years.,” said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based global management consulting firm.
“Offshore
Wind Construction Vessel Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented, By Vessel Type (Construction Support
Vessel, Heavy Lift Vessel, Cable Laying Vessel, Installation Vessel), By
Operation Type (Installation, Maintenance, Transport), By Water Depth
Capability (Shallow Water, Deep Water, Ultra Deep Water), By End-User (Energy
Companies, Engineering & Construction Firms, Government Agencies), By
Region, By Competition, 2020-2030F”, has evaluated the future growth potential of Global Offshore
Wind Construction Vessel Market and provides statistics & information on
the Market size, structure, and future Market growth. The report intends to
provide cutting-edge Market intelligence and help decision-makers make sound
investment decisions., The report also identifies and analyzes the emerging
trends along with essential drivers, challenges, and opportunities in the
Global Offshore Wind Construction Vessel Market.
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