Global Wind Power Market to Reach 70.4 Thousand Megawatts by 2030
The global market for Wind Power estimated at 58 Thousand Megawatts in the year 2022, is projected to reach a revised size of 70.4 Thousand Megawatts by 2030, growing at a CAGR of 2.4% over the analysis period 2022-2030.The U.S. Market is Estimated at 15.8 Thousand Megawatts, While China is Forecast to Grow at 4.2% CAGR
The Wind Power market in the U.S. is estimated at 15.8 Thousand Megawatts in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of 13.5 Thousand Megawatts by the year 2030 trailing a CAGR of 4.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.4% and 2.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.Select Competitors (Total 121 Featured) -
- ABB Limited
- Acciona Energia SA
- China Longyuan Power Group Corporation Limited
- DeWind Inc.
- Dongfang Electric Corporation Limited
- Enel Green Power S.p.A.
- ENERCON GmbH
- Envision Energy Limited
- Eurus Energy Holdings Corporation
- GE Renewable Energy
- Guodian United Power Technology Company Limited
- MHI Vestas Offshore Wind A/S
- Ming Yang Smart Energy Group Ltd.
- NextEra Energy Resources, LLC
- Nordex SE
- Senvion S.A.
- Siemens Gamesa Renewable Energy, S.A.
- Suzlon Energy Limited
- Vestas Wind Systems A/S
- Xinjiang GoldWind Science & Technology Co., Ltd.
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARYIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Wind Power: Advanced, Affordable, and Proven Choice of Low-Carbon Clean Energy
- Market Snapshots
- Recent Market Activity
- Wind Turbine Innovations & Designs Summarized
- Wind Turbine Implementation: Advancements and Challenges
- Advancements
- Challenges
- Energy Driven Versus Environment Driven Markets
- Classification of Environment Driven & Energy Driven Markets
- Key Factors Hampering Deployments of Wind Energy
- China and the US Dominate Wind Power Generation Worldwide
- Leading Wind Power Countries Worldwide (2018): Ranking Based on Key Wind Power Facts
- Asia-Pacific and Europe Dominate Wind Power Capacity Installations
- Denmark Leads the World in Wind Turbine Manufacturing
- Brazil: A High Potential Market for Wind Energy
- Global Market Outlook
- Developing Countries Spearhead Current and Future Market Growth
- Wind Power - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
- ABB Limited (Switzerland)
- American Electric Power (USA)
- China Longyuan Power Group Corporation Limited (China)
- DeWind Inc. (USA)
- Dongfang Electric Corporation Limited (China)
- Enel Green Power S.p.A. (Italy)
- ENERCON GmbH (Germany)
- Wind World (India) Limited
- Envision Energy Limited (China)
- Eurus Energy Holdings Corporation (Japan)
- General Electric Company (USA)
- GE Renewable Energy (France)
- Guodian United Power Technology Company Limited (China)
- Ming Yang Smart Energy Group Ltd. (China)
- NextEra Energy Resources, LLC (USA)
- Nordex SE (Germany)
- ACCIONA Windpower S.A. (Spain)
- Pacific Hydro Pty Ltd. (Australia)
- Senvion S.A. (Germany)
- Shell WindEnergy, Inc. (USA)
- Siemens AG (Germany)
- Siemens Gamesa Renewable Energy, S.A. (Spain)
- Suzlon Energy Limited (India)
- TransAlta Corporation (Canada)
- Vestas Wind Systems A/S (Denmark)
- MHI Vestas Offshore Wind A/S (Denmark)
- Xinjiang GoldWind Science & Technology Co., Ltd. (China)
- VENSYS Energy AG (Germany)
3. MARKET TRENDS & DRIVERS
- Escalating Climate Change and the Resulting Renewable Energy Revolution Drive Strong Market Growth for Wind Power
- Wind Energy Costs on a Downward Trend
- The IneviTable Shift to Renewable Sources of Energy
- Promising Outlook for Renewable Energy in both Developed and Developing Markets
- Wind and Solar Expansion Lead to Renewable Power Revolution
- Renewable Energy Offers Strong Competition to Established Power Sources
- Recent Trends in the Renewable Energy Market Summarized
- Technology Developments and Removal of Political Barriers Essential for Growth of Renewable Energy
- Surging Renewable Energy Investments in Developing Countries Provide the Perfect Platform for Market Expansion
- Auction Models, Lack of Subsidies & High Interest Rates: Leading to Future Market Uncertainty?
- Growing Popularity & Share of Wind Energy in Total Energy Mix Benefit Market Demand
- Increasing Investments in Solar and Wind Power Disrupting Global Electricity Systems and Benefiting Adoption
- Offshore Wind Power Generation: The New Frontier to Race Ahead of Onshore Production in the Long Run
- Offshore Wind Energy: Turning Point and Innovations
- Offshore Wind Power: At the Forefront of Innovation
- Offshore-Wind Energy Penetration and the Major Challenges
- Rising Popularity of Small Wind Turbines Bodes Well for Market Growth
- Shift towards Larger, Hybrid, and Taller Wind Power Turbines Gain Traction
- Quest for Larger Machines Lead to Steady Increase in Wind Turbine Size
- Potential Size Limits
- Performance of Large Wind Turbines
- Extensive Range of Design Options for Wind Turbines Bodes Well for Market Adoption
- Wind Energy Research & Development Projects Get a Shot in the Arm Leading to Increase in Patent Filing
- Prospects of Wind Energy: Mystifying Favoritism?
- Myriad Benefits of Wind Energy Drive Widespread Installations
- List of Wind Generated Electrical Power Benefits
- Important Factors Supporting the Rising Prominence of Wind Power
- Spiraling Electricity Appetite from Ballooning Global Population Drive Market Demand
- Wind Power Emerge as a Cost-Competitive and Reliable Energy Resource
- Critical Role of Technological Advancement in Improving Wind Power Technologies
- Improvement in Power Generation Capacity
- Enhancing Reliability and Performance of System Component
- Research Supporting Advancement of Wind Turbine Systems
- Innovative Interface Technology for Wind Turbine Condition Monitoring
- Drones: An Efficient Technology for Wind Turbine Inspections
- Air-Borne Wind Technology in Place of Traditional Wind Turbine
- Bladeless Wind Turbines
- EnergySails: Harnessing Wind and Solar Energy on Ships
- High Flying Turbines: A Major Breakthrough for Harnessing More Wind Power
- Advanced Algorithm Enhances Small Wind Turbines' Efficiency
- Advanced Robot Systems for Examining Wind Turbine Rotor Blades
4. GLOBAL MARKET PERSPECTIVE
- Table 1: World Recent Past, Current & Future Analysis for Wind Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Megawatts for Years 2022 through 2030 and % CAGR
- Table 2: World Historic Review for Wind Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
- Table 3: World 16-Year Perspective for Wind Power by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
- Table 4: World Wind Power Market Analysis of Annual Sales in Megawatts for Years 2014 through 2030
UNITED STATES
- Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
- Table 5: USA Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 6: USA Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
CANADA
- Table 7: Canada Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 8: Canada Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
JAPAN
- Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
- Table 9: Japan Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 10: Japan Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
CHINA
- Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
- Table 11: China Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 12: China Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
EUROPE
- Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
- Table 13: Europe Recent Past, Current & Future Analysis for Wind Power by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in Megawatts for Years 2022 through 2030 and % CAGR
- Table 14: Europe Historic Review for Wind Power by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
- Table 15: Europe 16-Year Perspective for Wind Power by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2023 & 2030
FRANCE
- Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
- Table 16: France Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 17: France Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
GERMANY
- Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
- Table 18: Germany Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 19: Germany Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
ITALY
- Table 20: Italy Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 21: Italy Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
UNITED KINGDOM
- Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
- Table 22: UK Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 23: UK Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
SPAIN
- Table 24: Spain Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 25: Spain Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
RUSSIA
- Table 26: Russia Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 27: Russia Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
REST OF EUROPE
- Table 28: Rest of Europe Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 29: Rest of Europe Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
ASIA-PACIFIC
- Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
- Table 30: Asia-Pacific Recent Past, Current & Future Analysis for Wind Power by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in Megawatts for Years 2022 through 2030 and % CAGR
- Table 31: Asia-Pacific Historic Review for Wind Power by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
- Table 32: Asia-Pacific 16-Year Perspective for Wind Power by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2023 & 2030
AUSTRALIA
- Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
- Table 33: Australia Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 34: Australia Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
INDIA
- Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
- Table 35: India Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 36: India Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
SOUTH KOREA
- Table 37: South Korea Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 38: South Korea Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
REST OF ASIA-PACIFIC
- Table 39: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 40: Rest of Asia-Pacific Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
LATIN AMERICA
- Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
- Table 41: Latin America Recent Past, Current & Future Analysis for Wind Power by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in Megawatts for Years 2022 through 2030 and % CAGR
- Table 42: Latin America Historic Review for Wind Power by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
- Table 43: Latin America 16-Year Perspective for Wind Power by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2014, 2023 & 2030
ARGENTINA
- Table 44: Argentina Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 45: Argentina Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
BRAZIL
- Table 46: Brazil Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 47: Brazil Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
MEXICO
- Table 48: Mexico Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 49: Mexico Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
REST OF LATIN AMERICA
- Table 50: Rest of Latin America Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 51: Rest of Latin America Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
MIDDLE EAST
- Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
- Table 52: Middle East Recent Past, Current & Future Analysis for Wind Power by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in Megawatts for Years 2022 through 2030 and % CAGR
- Table 53: Middle East Historic Review for Wind Power by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
- Table 54: Middle East 16-Year Perspective for Wind Power by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2014, 2023 & 2030
IRAN
- Table 55: Iran Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 56: Iran Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
ISRAEL
- Table 57: Israel Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 58: Israel Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
SAUDI ARABIA
- Table 59: Saudi Arabia Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 60: Saudi Arabia Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
UNITED ARAB EMIRATES
- Table 61: UAE Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 62: UAE Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
REST OF MIDDLE EAST
- Table 63: Rest of Middle East Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 64: Rest of Middle East Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
AFRICA
- Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
- Table 65: Africa Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
- Table 66: Africa Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Limited
- Acciona Energia SA
- China Longyuan Power Group Corporation Limited
- DeWind Inc.
- Dongfang Electric Corporation Limited
- Enel Green Power S.p.A.
- ENERCON GmbH
- Envision Energy Limited
- Eurus Energy Holdings Corporation
- GE Renewable Energy
- Guodian United Power Technology Company Limited
- MHI Vestas Offshore Wind A/S
- Ming Yang Smart Energy Group Ltd.
- NextEra Energy Resources, LLC
- Nordex SE
- Senvion S.A.
- Siemens Gamesa Renewable Energy, S.A.
- Suzlon Energy Limited
- Vestas Wind Systems A/S
- Xinjiang GoldWind Science & Technology Co., Ltd.
