Wind Turbine O&M - Offshore: Market Size & Forecast 2026

The offshore wind turbine operations and maintenance (O&M) market sits at approximately USD 18.5 billion in 2025 (base year) and is on a structural expansion path tied to the deep-water European fleet, the rapid-build-out U.S. pipeline, and a wave of 15-22 MW platforms whose reliability profiles are still being learned. Vessel access and skilled labour, not hardware, are the binding constraints; we expect a 2026-2032 CAGR of 11.2% (base case), reaching roughly USD 38.9 billion by 2032 [Claight estimate: NREL/DOE US pipeline of 80.5 GW + GWEC global installed base scaling plus 11-13% learning-curve uplift from digital O&M penetration]. > **Analyst Take. Our view: the consensus framing of offshore O&M as "vessel-driven service work" under-states the warranty-period squeeze. Through 2028, the binding buyer constraint is OEM-controlled availability contracts bundled with 15-22 MW fleets that

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