Product Code: 978-1-68038-064-4
Wind Power Market Growth & Trends:
The global wind power market size is expected to reach USD 141.09 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.9% from 2025 to 2030. The increasing demand for clean and affordable energy is expected to drive the growth of the market. The adoption of wind power is increasing at a significant pace owing to the increasing viability of wind power for large-scale energy production.
Governments across various nations have been supporting the use of renewable energy sources including solar power, hydropower, wind power, and biomass. Regulatory bodies are emphasizing on reducing carbon footprints and reducing reliance on conventional energy sources which in turn promotes power generation using wind turbines. Increasing energy needs in countries such as India, China, the U.K., and Brazil, owing to rapid industrialization is projected to have a positive impact on the market growth.
Wind power energy finds wide use in numerous sectors such as commercial and residential. The Onshore wind power sector has emerged as a valued renewable energy source, across the world. The cumulative installed onshore and offshore wind power capacity is projected to observe a count of 837 GW in 2021. The offshore wind power sector has been gaining thrust in the global market for wind power.
Regions such as South America and Middle East & Africa offer a robust business opportunity for the market with countries, such as Brazil, Chile, and South Africa playing a vital role in the development of the growth. The increasing demand for electricity generation from green and clean sources is likely to drive the growth of the market in the forthcoming years. Besides, the massive wind power potential, coupled with a continuous decrease in the cost of installation, is expected to offer extensive business opportunities to the market.
Wind Power Market Report Highlights:
- Based on location, the on-shore segment led the market with the largest revenue share of 75.52%in 2024.
- Based on application, the utility segment led the market with the largest revenue share of 83.5% in 2024. The non-utility sector includes both commercial and residential wind power installations.
- Asia Pacific dominated the wind power market with the largest revenue share of 40.71% in 2024. The market growth in the Asia-Pacific region is driven by a combination of robust economic growth, increasing energy demands, and favorable government policies aimed at promoting renewable energy.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Projects & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.7. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2024 (MW) (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Wind Power Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospects Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliances
- 3.4.2. Regulatory Impact Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Business Environment Analysis
- 3.6.1. Industry analysis - porter's five forces analysis
- 3.6.2. Industry analysis - Pestle analysis
Chapter 4. Wind Power Market: Location Estimates & Trend Analysis
- 4.1. Location Movement Analysis & Market Share, 2024 & 2030
- 4.2. On shore
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 4.3. Off shore
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
Chapter 5. Wind Power Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2024 & 2030
- 5.2. Utility
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 5.3. Non Utility
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
Chapter 6. Wind Power Market: Regional Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Movement Analysis & Market Share, 2024 & 2030
- 6.3. North America
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.3.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.3.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.3.4. U.S.
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.3.4.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.3.4.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.3.5. Canada
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.3.5.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.3.5.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.3.6. Mexico
- 6.3.6.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.3.6.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.3.6.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.4. Europe
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.4.1.1. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.4.1.2. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.4.2. Germany
- 6.4.2.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.4.2.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.4.2.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.4.3. UK
- 6.4.3.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.4.3.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.4.3.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.4.4. France
- 6.4.4.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.4.4.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.4.4.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.4.5. Italy
- 6.4.5.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.4.5.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.4.5.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.4.6. Spain
- 6.4.6.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.4.6.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.4.6.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.4.7. Russia
- 6.4.7.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.4.7.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.4.7.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.5.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.5.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.5.4. China
- 6.5.4.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.5.4.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.5.4.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.5.5. India
- 6.5.5.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.5.5.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.5.5.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.5.6. Japan
- 6.5.6.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.5.6.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.5.6.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.5.7. Australia
- 6.5.7.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.5.7.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.5.7.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.5.7.4. Market estimates and forecasts, by End-Use, 2018 - 2030 (MW) (USD Million)
- 6.6. Central & South America
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.6.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.6.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.6.4. Brazil
- 6.6.4.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.6.4.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.6.4.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.6.5. Argentina
- 6.6.5.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.6.5.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.6.5.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.7. Middle East & Africa
- 6.7.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.7.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.7.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.7.4. Saudi Arabia
- 6.7.4.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.7.4.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.7.4.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.7.5. South Africa
- 6.7.5.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.7.5.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.7.5.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
- 6.7.6. UAE
- 6.7.6.1. Market estimates and forecasts, 2018 - 2030 (MW) (USD Million)
- 6.7.6.2. Market estimates and forecasts, by Location, 2018 - 2030 (MW) (USD Million)
- 6.7.6.3. Market estimates and forecasts, by Application, 2018 - 2030 (MW) (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Key Players & Recent Developments & Their Impact on the Industry
- 7.2. Key Company/Competition Categorization (Key innovators, Market leaders, emerging players)
- 7.3. List of key Component Suppliers and Channel Partners
- 7.4. Company Market Share & Position Analysis, 2024
- 7.5. Company Heat Map Analysis
- 7.6. Competitive Dashboard Analysis
- 7.7. Strategy Mapping
- 7.7.1. Expansion
- 7.7.2. Collaboration/ Partnerships/ Agreements
- 7.7.3. New Location launches
- 7.7.4. Mergers & Acquisitions
- 7.7.5. Research & Development
- 7.7.6. Others
- 7.8. Company Listing / Profiles
- 7.8.1. GE Wind
- 7.8.1.1. Company Overview
- 7.8.1.2. Financial Performance
- 7.8.1.3. Product Benchmarking
- 7.8.2. Vestas, Siemens Wind Power
- 7.8.3. Suzlon Group, Goldwind
- 7.8.4. United Power,
- 7.8.5. Acciona, Nordex SE,
- 7.8.6. Sinovel Wind Group
- 7.8.7. EDF Renewable Energy
- 7.8.8. ReGen Powertech
- 7.8.9. Vensys Energy
- 7.8.10. ABB Limited
- 7.8.11. NextEra Energy Inc.
- 7.8.12. Northland Power Inc.
- 7.8.13. DONG Energy