Most industry stakeholders think floating wind will reach full commercialisation by 2035, according to a DNV survey.
The research, which surveyed 244 developers, investors, manufacturers, advisors and operators across the globe, found that 60% of respondents think floating offshore wind will reach full commercialisation by this time.
Of those asked, 25% said it could be as as early as 2030.
DNV added that 60% of organisations with revenue-producing business in wind expecting to increase investment in floating offshore wind in 2023.
Chief executive for energy systems at DNV Ditlev Engel said: “The view from the industry is clear.
“There is overwhelming confidence that floating wind can achieve commercial success in a little over 10 years.
“DNV predicts that by 2050, 15% of all offshore wind installed capacity will come from floating turbines.
“However, barriers must be overcome.
“Governments can play a leading role in making the market attractive for investment, with long-term, stable policy and regulatory frameworks, and by adapting critical infrastructure such as grids and ports.
“The industry itself will need to look at cost reduction through greater standardization and scale-up.
“At DNV we are committed to supporting the industry.
“This is an exciting time for the industry, as we move towards commercialisation, floating offshore wind is opening new possibilities for wind power locations and will play a critical role in the transition to a cleaner energy supply.”