Floating Wind Power Market Size, Share, By Foundation (Spar-buoy Foundation, Tension-leg platform (TLP) Foundation, Semi-submersible Foundation and Others), By Water Depth (Shallow Water, Transitional water and Deep Water), By Turbine Capacity (Up to 3 MW, 3 MW – 5 MW and Above 5 MW), and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) - Trends, Analysis, and Forecast till 2034

By Region, the Floating Wind Power Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. 

North America: The US and Canada are the two primary markets driving growth in this region. This is due to the extremely ambitious targets that these countries' governments have set for offshore wind power. Financial incentives, governmental and private sector investments, and regulatory support drive the growth of North America's floating wind production.

Asia Pacific: The region's strong commitment to switching to renewable energy sources and the increasing commercial viability of floating wind technology are driving the region's rapid growth in the floating wind power sector. China is swiftly rising to the top of the world wind power rankings in floating wind, with several large-scale projects either in the planning stages or already operational.