Wind Electricity Market Report 2026

The wind electricity market size has grown rapidly in recent years. It will grow from $208.24 billion in 2025 to $229.69 billion in 2026 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to expansion of onshore wind installations, declining cost of wind power generation, supportive renewable energy policies, growth of utility-scale wind projects, development of wind transmission infrastructure.

The wind electricity market size is expected to see strong growth in the next few years. It will grow to $334.77 billion in 2030 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to increasing offshore wind investments, rising electrification demand, expansion of grid-scale energy storage integration, growing focus on energy security, increasing adoption of digital wind farm management systems. Major trends in the forecast period include increasing deployment of large-capacity wind turbines, rising expansion of offshore wind farms, growing integration of smart grid technologies, expansion of hybrid renewable energy systems, enhanced focus on turbine efficiency and reliability.

Rising demand for electricity is expected to drive the growth of the wind electricity market in the coming years. Electricity refers to the flow of energy that powers devices and appliances and can be used for various purposes, including power generation, space and water heating and cooling, and transportation. Wind turbines capture the kinetic energy of the wind with their blades, causing them to rotate. These blades are connected to a drive shaft that turns an electric generator, producing electricity. For example, the Department for Energy Security and Net Zero, a UK government agency, reported that electricity demand in 2024 remained broadly stable at 319 TWh, a 0.5% increase compared to 2023, with average temperatures remaining similar between the two years. Consequently, the growing demand for electricity is expected to propel the expansion of the wind electricity market.

Leading companies in the wind electricity market are focusing on developing innovative solutions, such as ultrasonic wind sensing technology, to address the growing demand for higher operational efficiency, enhanced turbine performance, and improved integration of wind data for grid and maritime applications. This demand is driven by global decarbonization targets, expanding offshore wind deployments, and the need for precise wind measurement to optimize power generation and minimize downtime. Ultrasonic wind sensors operate using sound-based measurement techniques, emitting and receiving ultrasonic pulses to determine wind speed and direction without any moving parts. For example, in December 2024, Vaisala Oyj, a Finland-based environmental measurement technology company, launched the Vaisala Ultrasonic Wind Sensor WM80, an advanced sensor specifically designed for challenging onshore and offshore wind farms as well as maritime environments. The sensor features a rugged, corrosion-resistant design, employs patented WINDCAP ultrasonic technology with enhanced signal strength for precise real-time wind data, ensures uninterrupted operation in extreme conditions, and integrates seamlessly with turbine control systems to maximize energy production, operational safety, and reduce maintenance requirements.

In August 2024, Suzlon Energy Ltd, an India-based energy company, acquired Renom Energy Services PVT LTD for an undisclosed amount. This acquisition allows Suzlon to strengthen its market presence and operational capabilities in the renewable energy sector by leveraging Renom's expertise in multi-brand operations and maintenance services for over 32 GW of non-Suzlon wind assets. Renom Energy Services PVT LTD, based in India, specializes in renewable energy operations and maintenance services, including wind energy solutions.

Major companies operating in the wind electricity market are Ming Yang Smart Energy Group Limited, NextEra Energy Resources LLC, Pacific Hydro Pty Ltd., Shell WindEnergy Inc., TransAlta Corporation, Xinjiang Goldwind Science & Technology Co. Ltd., Berkshire Hathaway Energy Company, Pattern Energy Group Inc., Iberdrola Renewables LLC, EON Climate & Renewables North America LLC, Alstom SA, ABO Wind AG, Vattenfall AB, A2SEA A/S, Tradewind Energy Inc., Geronimo, ReGen Powertech, Leitwind, Doosan Heavy Industries & Construction, Northland Power Inc., Duke Energy Corporation, Electricité de France S.A., American Electric Power Company Inc., Orsted A/S, DeWind Inc., Dongfang Electric Corporation Limited, Enel Green Power S.p.A., Wind World (India) Limited, Eurus Energy Holdings Corporation, Guodian United Power Technology Company Limited.

Asia-Pacific was the largest region in the wind electricity market in 2025. Western Europe was the second largest region in the wind electricity market. The regions covered in the wind electricity market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wind electricity market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The wind electricity market includes revenues earned by entities by horizontal-axis turbines and vertical-axis turbines. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.