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The India offshore wind turbine market size was valued at USD 720.32 Million in 2025 and is projected to reach USD 1,845.72 Million by 2034, reflecting a CAGR of 11.02% during the forecast period of 2026-2034. This growth is driven by government policy support incentivizing offshore wind projects, international collaborations for supply chain and financing, technological advancements, and increasing electricity demand. The report offers a comprehensive analysis of the industry, including India offshore wind turbine market growth , share, trends, and regional insights.
STUDY ASSUMPTION YEARS
MARKET TRENDS
The India Offshore Wind Turbine Market is gaining strong momentum as the country increasingly shifts toward cleaner and more sustainable energy solutions to diversify its power mix. One of the most significant trends shaping the sector is the accelerated focus on large-capacity offshore wind farms along India's extensive coastal regions, particularly in Gujarat and Tamil Nadu, where wind potential remains among the highest in Asia. Moreover, turbine technology is evolving rapidly, with manufacturers introducing high-efficiency, large rotor-diameter offshore turbines that promise better energy capture and reduced levelized cost of electricity. Additionally, global developers and engineering firms are partnering with Indian companies to bring advanced offshore construction techniques, floating foundation systems, and improved seabed mapping technologies to domestic projects.
In addition, the integration of AI, remote monitoring, and predictive maintenance tools is enhancing operational reliability and lowering the long-term cost of offshore wind energy production. Growing interest in hybrid projects that combine offshore wind with green hydrogen production is also emerging as a futuristic trend. Furthermore, the government's emphasis on environmental sustainability is encouraging research into marine-friendly turbine installations that minimize ecological impact. Together, these trends indicate a dynamic market transition toward large-scale, technologically advanced, and globally competitive offshore wind infrastructure.
MARKET GROWTH FACTORS
The India Offshore Wind Turbine Market continues to expand steadily due to strong policy support, rising energy demand, and India's long-term commitment to renewable energy development. A major growth catalyst is the government's strategic roadmap for offshore wind, which provides clear guidelines for project allocation, viability gap funding, and infrastructure development to attract developers and investors. India's rapidly growing economy and increasing industrialization are creating a strong need for reliable, large-scale clean energy sources—moreover, making offshore wind a vital addition to the national grid. Additionally, advancements in port infrastructure, subsea cabling, and marine logistics are enabling smoother execution of offshore wind projects while reducing project costs over time.
In addition, collaborations between international turbine manufacturers and Indian engineering firms are accelerating technology transfer and building a skilled workforce capable of managing complex offshore installations. Rising participation from global renewable energy investors is further strengthening funding availability and boosting confidence in the market's long-term growth. Furthermore, the desire to reduce dependence on fossil fuels, enhance energy security, and meet environmental commitments is motivating policymakers and private players to prioritize offshore wind. Together, these growth drivers ensure that the India Offshore Wind Turbine Market remains on a strong upward trajectory—supported by innovation, policy clarity, and India's increasing focus on sustainable power generation.
More details can be found in the India Offshore Wind Turbine Market Report: https://www.imarcgroup.com/india-offshore-wind-turbine-market
Market segmentation
Location of Deployment:
REGIONAL INSIGHTS
South India emerges as a dominant region for offshore wind projects, driven by planned initiatives off Tamil Nadu's coast. The Union Cabinet's Viability Gap Funding scheme specifically approves commissioning 1,000 MW of offshore wind projects off Gujarat and Tamil Nadu, underpinning strong government support. Regional markets are analyzed across North, South, East, and West India, with South and West India highlighted due to active project development and policy focus.
RECENT DEVELOPMENTS & NEWS
If you require any specific information that is not currently covered within the scope of the report, we will provide the same as a part of the customization.
ABOUT US
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
CONTACT US
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA,
Email: sales@imarcgroup.com,
Tel No: (D) +91 120 433 0800,
United States: +1-201971-6302
STUDY ASSUMPTION YEARS
- Base Year: 2025
- Historical Year/Period: 2020-2025
- Forecast Year/Period: 2026-2034
- Current Market Size: USD 720.32 Million in 2025
- CAGR: 11.02% (2026-2034)
- Forecast Period: 2026-2034
- The Indian government approved a Viability Gap Funding (VGP) scheme in September 2024 with a budget of Rs 7,453 Crores, including Rs 6,853 Crore for offshore installation of 1,000 MW and Rs 600 Crore for port infrastructure upgrades.
- The UK-India Offshore Wind Taskforce was formed in February 2025 to enhance supply chain capabilities and financing models.
- Technological advancements include hybrid floating platforms combining wind and solar energy, as demonstrated by CSIR-SERC in February 2025.
- Challenges include high capital investment, complex financing, underdeveloped marine infrastructure, supply chain gaps, and regulatory uncertainties.
MARKET TRENDS
The India Offshore Wind Turbine Market is gaining strong momentum as the country increasingly shifts toward cleaner and more sustainable energy solutions to diversify its power mix. One of the most significant trends shaping the sector is the accelerated focus on large-capacity offshore wind farms along India's extensive coastal regions, particularly in Gujarat and Tamil Nadu, where wind potential remains among the highest in Asia. Moreover, turbine technology is evolving rapidly, with manufacturers introducing high-efficiency, large rotor-diameter offshore turbines that promise better energy capture and reduced levelized cost of electricity. Additionally, global developers and engineering firms are partnering with Indian companies to bring advanced offshore construction techniques, floating foundation systems, and improved seabed mapping technologies to domestic projects.
In addition, the integration of AI, remote monitoring, and predictive maintenance tools is enhancing operational reliability and lowering the long-term cost of offshore wind energy production. Growing interest in hybrid projects that combine offshore wind with green hydrogen production is also emerging as a futuristic trend. Furthermore, the government's emphasis on environmental sustainability is encouraging research into marine-friendly turbine installations that minimize ecological impact. Together, these trends indicate a dynamic market transition toward large-scale, technologically advanced, and globally competitive offshore wind infrastructure.
MARKET GROWTH FACTORS
The India Offshore Wind Turbine Market continues to expand steadily due to strong policy support, rising energy demand, and India's long-term commitment to renewable energy development. A major growth catalyst is the government's strategic roadmap for offshore wind, which provides clear guidelines for project allocation, viability gap funding, and infrastructure development to attract developers and investors. India's rapidly growing economy and increasing industrialization are creating a strong need for reliable, large-scale clean energy sources—moreover, making offshore wind a vital addition to the national grid. Additionally, advancements in port infrastructure, subsea cabling, and marine logistics are enabling smoother execution of offshore wind projects while reducing project costs over time.
In addition, collaborations between international turbine manufacturers and Indian engineering firms are accelerating technology transfer and building a skilled workforce capable of managing complex offshore installations. Rising participation from global renewable energy investors is further strengthening funding availability and boosting confidence in the market's long-term growth. Furthermore, the desire to reduce dependence on fossil fuels, enhance energy security, and meet environmental commitments is motivating policymakers and private players to prioritize offshore wind. Together, these growth drivers ensure that the India Offshore Wind Turbine Market remains on a strong upward trajectory—supported by innovation, policy clarity, and India's increasing focus on sustainable power generation.
More details can be found in the India Offshore Wind Turbine Market Report: https://www.imarcgroup.com/india-offshore-wind-turbine-market
Market segmentation
Location of Deployment:
- Shallow Water: Areas where offshore wind turbines are installed in relatively shallow marine waters.
- Deepwater: Deployment in deeper marine zones, often requiring advanced foundation technologies.
- Fixed Foundation: Structures anchored directly to the seabed suitable for shallower waters.
- Floating Foundation: Platforms that float and are moored, enabling turbine installation in deeper waters.
- Up to 5 MW: Turbines with a generation capacity up to 5 megawatts.
- 5 to 8 MW: Medium-sized turbines producing between 5 and 8 megawatts.
- Above 8 MW: Large turbines with capacity greater than 8 megawatts.
- Rotor Blades: Blades are responsible for capturing wind energy.
- Nacelle and Drivetrain: Housing and transmission components of turbines.
- Generator: Converts mechanical energy to electrical energy.
- Tower: Structural component supporting the turbine.
- Power-electronics and Control: Systems managing electricity generation and turbine operation.
- Utility-scale: Large-scale electricity generation for the grid.
- Commercial and Industrial: Power generation for business and industrial use.
- Residential and Micro-grid: Small-scale and localized power solutions.
- North India: Northern states of India.
- South India: Southern states of India.
- East India: Eastern region of India.
- West India: Western region of India.
REGIONAL INSIGHTS
South India emerges as a dominant region for offshore wind projects, driven by planned initiatives off Tamil Nadu's coast. The Union Cabinet's Viability Gap Funding scheme specifically approves commissioning 1,000 MW of offshore wind projects off Gujarat and Tamil Nadu, underpinning strong government support. Regional markets are analyzed across North, South, East, and West India, with South and West India highlighted due to active project development and policy focus.
RECENT DEVELOPMENTS & NEWS
- September 2024: The Indian Union Cabinet approved a Rs 7,453 Crore Viability Gap Funding scheme to financially support offshore wind projects, including Rs 6,853 Crore allocated for 1,000 MW offshore wind capacity installations off Gujarat and Tamil Nadu, plus Rs 600 Crore for port infrastructure upgrades.
- February 2025: India and the UK announced the UK-India Offshore Wind Taskforce to enhance collaboration on offshore wind ecosystem expansion, supply chain development, and innovative financing.
- February 2025: CSIR-Structural Engineering Research Center (CSIR-SERC) developed a hybrid floating platform capable of generating both wind and solar energy for offshore and inland water applications.
If you require any specific information that is not currently covered within the scope of the report, we will provide the same as a part of the customization.
ABOUT US
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
CONTACT US
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA,
Email: sales@imarcgroup.com,
Tel No: (D) +91 120 433 0800,
United States: +1-201971-6302