Europe leads global capacity growth, while Asia-Pacific and the Americas scale up later in the decade amid policy, supply chain, and permitting hurdles.
Aegir Insights has released its H2 2025 Global Market Forecast update to subscribing clients, looking at the annual offshore wind build-out based on in-depth analysis of individual projects and markets, as well as regional and global factors related to supply-chain development, routes to market, grid infrastructure development, and more.
A few key take-aways from our regional forecasts:
- Europe
Our forecast for Europe was adjusted based on delayed projects and failed auctions, but the region remains strong with accumulated capacity expected to increase five-fold by 2040.
- Asia-Pacific
Despite challenges in several markets, an accelerated built-out is forecasted in the Asia-Pacific region (excl. China) from the early 2030s, especially driven by South Korea and followed by Japan.
- Americas
The US still dominates in the Americas, but market uncertainty under President Trump significantly lowers expectations for both build-out speed and volume. Brazil is expected to become a fast-growing market in late 2030s.
The Global Market Forecast reflects Aegir Insights’ best assessment of likely accumulated build-out, based on constraints identified through both bottom-up and top-down perspectives.
On Aegir Preview, you can access more data from our H2 2025 Global offshore wind Market Forecast update, including a complimentary key Insights report, video walk-through of the main take-aways, and corresponding data on our fixed-bottom forecast for European offshore wind markets.
Interested in receiving access?
Reach out to us here to get set up on Aegir Preview, Aegir Insights’ free preview version of the Aegir Platform and get access to these insights of our Global Market Forecast complimentary.
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