The offshore wind turbine Market is expected to be worth more than $16 billion by 2024, according to a new report from Global Market Insights. By 2024, the market for all wind turbines, both onshore and offshore, will be worth more than $70 billion, with 70 gigawatts installed each year. By 2024, the number of offshore wind installations with a depth of 30 metres will increase by more than 14 per cent.