PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1887023
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1887023
Cone Penetration Testing for Offshore Wind Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Cone Penetration Testing (CPT) for offshore wind Market
The global Cone Penetration Testing (CPT) for offshore wind market is witnessing robust expansion as offshore wind farms continue to scale in size, depth, and technical complexity. The market was valued at USD 60.00 million in 2024, driven by the rising demand for geotechnical investigations essential for offshore wind turbine foundation design. The market is projected to increase to USD 71.26 million in 2025 and is expected to reach USD 229.03 million by 2032, registering an impressive CAGR of 18.15% from 2025 to 2032.
CPT remains a critical geotechnical method in offshore wind development. It provides key soil data-cone tip resistance, sleeve friction, and pore pressure-allowing engineers to design efficient and safe foundations for wind turbines deployed in shallow, moderate, and deep waters. As offshore wind installations move toward deeper sites and harsher marine environments, advanced CPT technologies have become indispensable to ensure structural reliability.
Market Share Insights
Asia Pacific dominated the market in 2024, accounting for USD 32.17 million, representing 53.61% of the global market. The region benefits from strong renewable energy commitments in China, India, South Korea, and Japan, combined with growing electrification needs and rapid industrialization. Europe emerged as one of the fastest-growing markets, supported by pro-renewable energy policies in Germany, the U.K., and the Netherlands. The Laboratory Testing segment led the market in 2024 due to its ability to deliver detailed soil assessment required for offshore wind farm planning and execution.
Market Drivers
1. Global Push Toward Renewable Energy
As nations accelerate their transition toward clean energy, offshore wind development is at the forefront. CPT is essential for site assessment, foundation design, and safe installation. Governments worldwide are investing in offshore wind to achieve carbon neutrality targets, directly increasing demand for CPT services.
2. Increasing Complexity of Offshore Projects
Offshore wind turbines are becoming larger and heavier, requiring deeper foundations. As a result, highly precise subsurface data is needed to prevent operational risks. CPT enables enhanced geotechnical characterization, supporting deeper and more complex offshore deployments.
3. Strategic Partnerships and JVs
Collaborations across engineering, survey, and geotechnical firms are fueling market expansion. For instance, in October 2024, EGS Survey and K-Line Wind Service (KWS) established a joint venture-EKGS-to offer advanced marine geo-survey services for offshore wind projects in Japan and neighboring regions. Such alliances help deliver improved site investigation capabilities.
Market Restraints
Micro Operational Challenges
Although CPT provides accurate data, challenges such as equipment maintenance, data interpretation complexities, hard soil penetration, and harsh sea conditions can hinder operational efficiency. These factors demand skilled expertise and introduce cost and logistical barriers for service providers.
Market Opportunities
Heavy Investments in Wind Energy
Governments and private developers continue investing massively in offshore wind. In February 2025, SSE sought contractors for a USD 40 million site investigation contract, creating opportunities for CPT providers. Similar large-scale investments are expected to boost market demand through 2032.
Key Market Trends
1. Advancement of CPT Technologies
Modern CPT tools now include Seismic CPT (SCPT) and Piezocone CPT (PCPT), providing both geotechnical and geophysical data. These advanced tools are essential for deep-water wind projects where soil properties vary significantly with depth.
2. Digitalization in Geotechnical Services
Real-time data processing, predictive analytics, and automated reporting systems are transforming CPT operations. Digital workflows improve accuracy, reduce survey time, and enhance safety.
Segmentation Overview
By Service
- Laboratory Testing: Dominated in 2024 due to detailed soil analysis needs.
- Data Processing: Fastest-growing segment driven by digital tools, monitoring systems, and real-time analytics.
- Quality Control: Holds a stable market share due to routine maintenance and project oversight.
Regional Analysis
Asia Pacific
The region leads the global market with USD 32.17 million in 2024, driven by expanding offshore wind capacity, industrialization, and increased energy demand. Recent collaborations, such as the 2024 partnership between Ocean Infinity and Cyan Renewables, enhance CPT capabilities across the region.
North America
North America's growth remains moderate due to a continued focus on fossil fuel development. However, the U.S. retains strong CPT potential arising from emerging offshore wind farms such as the Sunrise Wind project, a 924 MW development underway in New York.
Europe
Europe is among the fastest-growing regions for CPT demand, supported by strict renewable energy mandates. In 2024, Venterra Group's GDG signed contracts for geotechnical services in the Baltica 1 offshore wind project, highlighting strong market momentum.
Rest of the World
Countries including Saudi Arabia, UAE, Brazil, and Mexico are witnessing rising renewable energy interest and increased investment in offshore wind exploration, creating new CPT market opportunities.
Conclusion
With its rapid expansion from USD 60 million in 2024 to USD 229.03 million by 2032, the global CPT for offshore wind market is poised for major growth. Technological advancements, large-scale wind farm investments, and supportive government policies will continue to drive the adoption of CPT services across all major regions through the next decade.
Segmentation By Service
- Laboratory Testing
- Quality Control
- Data Processing
- Others
By Region
- North America (By Service and by Country)
- U.S.
- Canada
- Europe (By Service and by Country)
- Germany
- U.K.
- Netherlands
- Belgium
- Denmark
- Rest of Europe
- Asia Pacific (By Service and by Country)
- China
- South Korea
- Japan
- Taiwan
- Rest of Asia-Pacific
- Rest of the World (By Service)
Table of Content
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions & Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends - For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Insight on Regulatory Landscape
- 4.4. Porters Five Forces Analysis
- 4.5. Impact of Tariffs on the Global Cone Penetration Testing for Offshore Wind Market
5. Global Cone Penetration Testing for Offshore Wind Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
- 5.1. Key Findings
- 5.2. Market Analysis, Insights, and Forecast - By Service
- 5.2.1. Laboratory Testing
- 5.2.2. Quality Control
- 5.2.3. Data Processing
- 5.2.4. Others
- 5.3. Market Analysis, Insights, and Forecast - By Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Rest of the World
6. North America Cone Penetration Testing for Offshore Wind Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
- 6.1. Key Findings
- 6.2. Market Analysis, Insights, and Forecast - By Service
- 6.2.1. Laboratory Testing
- 6.2.2. Quality Control
- 6.2.3. Data Processing
- 6.2.4. Others
- 6.3. Market Analysis, Insights, and Forecast - By Country
- 6.3.1. U.S.
- 6.3.2. Canada
7. Europe Cone Penetration Testing for Offshore Wind Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
- 7.1. Key Findings
- 7.2. Market Analysis, Insights, and Forecast - By Service
- 7.2.1. Laboratory Testing
- 7.2.2. Quality Control
- 7.2.3. Data Processing
- 7.2.4. Others
- 7.3. Market Analysis, Insights, and Forecast - By Country
- 7.3.1. Germany
- 7.3.2. UK
- 7.3.3. Netherlands
- 7.3.4. Belgium
- 7.3.5. Denmark
- 7.3.6. Rest of Europe
8. Asia Pacific Cone Penetration Testing for Offshore Wind Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
- 8.1. Key Findings
- 8.2. Market Analysis, Insights, and Forecast - By Service
- 8.2.1. Laboratory Testing
- 8.2.2. Quality Control
- 8.2.3. Data Processing
- 8.2.4. Others
- 8.3. Market Analysis, Insights, and Forecast - By Country
- 8.3.1. China
- 8.3.2. South Korea
- 8.3.3. Japan
- 8.3.4. Taiwan
- 8.3.5. Rest of Asia Pacific
9. Rest of the World Cone Penetration Testing for Offshore Wind Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
- 9.1. Key Findings
- 9.2. Market Analysis, Insights, and Forecast - By Service
- 9.2.1. Laboratory Testing
- 9.2.2. Quality Control
- 9.2.3. Data Processing
- 9.2.4. Others
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2024
- 10.2. Company Profile
- 10.2.1. Fugro
- 10.2.1.1. Business Overview
- 10.2.1.2. Product & Services Offerings
- 10.2.1.3. Recent Developments
- 10.2.1.4. Financials (Based on Availability)
- 10.2.2. Helms Geomarine
- 10.2.2.1. Business Overview
- 10.2.2.2. Product & Services Offerings
- 10.2.2.3. Recent Developments
- 10.2.2.4. Financials (Based on Availability)
- 10.2.3. EGS Survey
- 10.2.3.1. Business Overview
- 10.2.3.2. Product & Services Offerings
- 10.2.3.3. Recent Developments
- 10.2.3.4. Financials (Based on Availability)
- 10.2.4. Aceton
- 10.2.4.1. Business Overview
- 10.2.4.2. Product & Services Offerings
- 10.2.4.3. Recent Developments
- 10.2.4.4. Financials (Based on Availability)
- 10.2.5. Geoquip Marine
- 10.2.5.1. Business Overview
- 10.2.5.2. Product & Services Offerings
- 10.2.5.3. Recent Developments
- 10.2.5.4. Financials (Based on Availability)
- 10.2.6. Horizon Geosciences
- 10.2.6.1. Business Overview
- 10.2.6.2. Product & Services Offerings
- 10.2.6.3. Recent Developments
- 10.2.6.4. Financials (Based on Availability)
- 10.2.7. Sarathy Geotech & Engineering Services Pvt. Ltd
- 10.2.7.1. Business Overview
- 10.2.7.2. Product & Services Offerings
- 10.2.7.3. Recent Developments
- 10.2.7.4. Financials (Based on Availability)
- 10.2.8. Gardline Limited
- 10.2.8.1. Business Overview
- 10.2.8.2. Product & Services Offerings
- 10.2.8.3. Recent Developments
- 10.2.8.4. Financials (Based on Availability)
- 10.2.9. Geoxyz
- 10.2.9.1. Business Overview
- 10.2.9.2. Product & Services Offerings
- 10.2.9.3. Recent Developments
- 10.2.9.4. Financials (Based on Availability)
- 10.2.10. Coastal Marine Construction & Engineering Ltd. (COMACOE)
- 10.2.10.1. Business Overview
- 10.2.10.2. Product & Services Offerings
- 10.2.10.3. Recent Developments
- 10.2.10.4. Financials (Based on Availability)
- 10.2.11. JAVA Offshore
- 10.2.11.1. Business Overview
- 10.2.11.2. Product & Services Offerings
- 10.2.11.3. Recent Developments
- 10.2.11.4. Financials (Based on Availability)
- 10.2.12. ABL Group
- 10.2.12.1. Business Overview
- 10.2.12.2. Product & Services Offerings
- 10.2.12.3. Recent Developments
- 10.2.12.4. Financials (Based on Availability)
- 10.2.1. Fugro
List of Tables
- Table 1: Global Cone Penetration Testing for Offshore Wind Market Value (USD Million) Forecast, By Service, 2019-2032
- Table 2: Global Cone Penetration Testing for Offshore Wind Market Value (USD Million) Forecast, By Region, 2019-2032
- Table 3: North America Cone Penetration Testing for Offshore Wind Market Value (USD Million) Forecast, By Service, 2019-2032
- Table 4: North America Cone Penetration Testing for Offshore Wind Market Value (USD Million) Forecast, By Country, 2019-2032
- Table 5: Europe Cone Penetration Testing for Offshore Wind Market Value (USD Million) Forecast, By Service, 2019-2032
- Table 6: Europe Cone Penetration Testing for Offshore Wind Market Value (USD Million) Forecast, By Country, 2019-2032
- Table 7: Asia Pacific Cone Penetration Testing for Offshore Wind Market Value (USD Million) Forecast, By Service, 2019-2032
- Table 8: Asia Pacific Cone Penetration Testing for Offshore Wind Market Value (USD Million) Forecast, By Country, 2019-2032
- Table 9: Rest of the World Cone Penetration Testing for Offshore Wind Market Value (USD Million) Forecast, By Service, 2019-2032
- Table 10: Company Market Share Analysis (%), 2024
List of Figures
- Figure 1: Global Cone Penetration Testing for Offshore Wind Market Revenue Breakdown (USD Million, %) by Region, 2024 & 2032
- Figure 2: Global Cone Penetration Testing for Offshore Wind Market Value Share (%), By Service, 2024 & 2032
- Figure 3: Global Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Laboratory Testing, 2019-2032
- Figure 4: Global Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Quality Control, 2019-2032
- Figure 5: Global Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Data Processing, 2019-2032
- Figure 6: Global Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Others, 2019-2032
- Figure 7: Global Cone Penetration Testing for Offshore Wind Market Value (USD Million), by Region, 2024-2032
- Figure 8: North America Cone Penetration Testing for Offshore Wind Market Value Share (%), By Service, 2024 & 2032
- Figure 9: North America Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Laboratory Testing, 2019-2032
- Figure 10: North America Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Quality Control, 2019-2032
- Figure 11: North America Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Data Processing, 2019-2032
- Figure 12: North America Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Others, 2019-2032
- Figure 13: North America Cone Penetration Testing for Offshore Wind Market Value (USD Million), by Country, 2024-2032
- Figure 14: North America Cone Penetration Testing for Offshore Wind Market Share (%), by Country, 2024
- Figure 15: Europe Cone Penetration Testing for Offshore Wind Market Value Share (%), By Service, 2024 & 2032
- Figure 16: Europe Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Laboratory Testing, 2019-2032
- Figure 17: Europe Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Quality Control, 2019-2032
- Figure 18: Europe Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Data Processing, 2019-2032
- Figure 19: Europe Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Others, 2019-2032
- Figure 20: Europe Cone Penetration Testing for Offshore Wind Market Value (USD Million), by Country, 2024-2032
- Figure 21: Europe Cone Penetration Testing for Offshore Wind Market Share (%), by Country, 2024
- Figure 22: Asia Pacific Cone Penetration Testing for Offshore Wind Market Value Share (%), By Service, 2024 & 2032
- Figure 23: Asia Pacific Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Laboratory Testing, 2019-2032
- Figure 24: Asia Pacific Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Quality Control, 2019-2032
- Figure 25: Asia Pacific Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Data Processing, 2019-2032
- Figure 26: Asia Pacific Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Others, 2019-2032
- Figure 27: Asia Pacific Cone Penetration Testing for Offshore Wind Market Value (USD Million), by Country, 2024-2032
- Figure 28: Asia Pacific Cone Penetration Testing for Offshore Wind Market Share (%), by Country, 2024
- Figure 29: Rest of the World Cone Penetration Testing for Offshore Wind Market Value Share (%), By Service, 2024 & 2032
- Figure 30: Rest of the World Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Laboratory Testing, 2019-2032
- Figure 31: Rest of the World Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Quality Control, 2019-2032
- Figure 32: Rest of the World Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Data Processing, 2019-2032
- Figure 33: Rest of the World Cone Penetration Testing for Offshore Wind Market Forecast (USD Million), by Others, 2019-2032
