Offshore Wind Turbine Market Growth and Future Scope

In 2026, Asia-Pacific (APAC) will be the dominating region in the offshore wind turbine market, as a result of the strong government support for renewable energy. The increasing requirement for electricity in the region, on account of the burgeoning population, coupled with the alarming air pollution levels, is driving the shift toward cleaner energy sources in APAC. Till 2030, China plans to have an aggregate wind power capacity of 400 GW, of which the first large-scale offshore wind farm will likely become operational in Chinese Taipei this year, as per the IEA.