Market Analysis and Insights: Global Offshore Wind Turbine Installation Vessel Market

Self-propelled jack-up vessel is a vessel specifically designed for the installation of offshore wind turbines. Similar to a jack-up rig it is self-elevating. To enable quick relocation in the wind farm it is self-propelled. It also has a slender ship shaped hull to achieve a quick turnaround time with the vessel carrying several foundations or wind turbines each time. Azimuth thrusters are used to position the vessel during jack-up operations.

Besides self-propelled jack-up vessel, heavy lift vessel and other jack-up vessel which is used in wind turbine installation is also discussed as offshore wind turbine installation vessels. And in this report, we focus on the service market which is the most important part of the global offshore wind turbine installation vessel market.

Due to the COVID-19 pandemic, the global Offshore Wind Turbine Installation Vessel market size is estimated to be worth US$ 2005.4 million in 2022 and is forecast to a readjusted size of US$ 5595.8 million by 2029 with a CAGR of 15.6% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Self-Propelled Jack-Up Vessel accounting for % of the Offshore Wind Turbine Installation Vessel global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Onshore Wind segment is altered to an % CAGR throughout this forecast period.

A2SEA, MPI-Offshore, Seajacks, Fred. Olsen Windcarrier and Geosea are the top 5 of Offshore Wind Turbine Installation Vessel, with about 56% market shares.

Global Offshore Wind Turbine Installation Vessel Scope and Market Size

The global Offshore Wind Turbine Installation Vessel market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Offshore Wind Turbine Installation Vessel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


Self-Propelled Jack-Up Vessel

Normal Jack-Up Vessel

Heavy Lift Vessel


Segment by Application


Onshore Wind

Offshore Wind

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


A2SEA

MPI-Offshore

Seajacks

Fred. Olsen Windcarrier

Geosea

Van Oord

Jack-Up Barge

SEAFOX

Swire Blue Ocean

Gaoh Offshore

NO.3 Engineering

Longyuan Power