Wind Energy Market Report 2026

The wind energy market size has grown rapidly in recent years. It will grow from $139.68 billion in 2025 to $155.42 billion in 2026 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to expansion of utility-scale wind farms, technological improvements in turbine design, reduced levelized cost of wind energy, supportive government incentives, growth of renewable power capacity.

The wind energy market size is expected to see rapid growth in the next few years. It will grow to $237.72 billion in 2030 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to increasing global wind capacity targets, rising offshore wind investments, expansion of repowering projects, growing demand for low-cost renewable electricity, increasing integration with energy storage systems. Major trends in the forecast period include increasing adoption of high-capacity wind turbine platforms, rising development of offshore wind projects, growing use of advanced composite blades, expansion of hybrid wind energy systems, enhanced focus on lifecycle cost optimization.

The growing adoption of renewable energy sources is expected to drive the expansion of the wind energy market in the coming years. Renewable energy refers to energy generated from naturally replenishing but flow-limited sources. The rising use of renewable energy is creating strong demand for wind energy, which is a clean, cost-free, and readily available source of renewable power. For example, in December 2024, Eurostat, a Luxembourg-based government agency, reported that renewable energy accounted for 24.5% of total energy consumption in the EU in 2023, up from 23% in 2022. Consequently, the increasing adoption of renewable energy sources is fueling the growth of the wind energy market.

Leading companies in the wind energy market are focusing on developing innovative solutions, such as digital automation and real-time energy management, to improve efficiency, lower costs, and enhance sustainability. Real-time energy management involves continuously monitoring and controlling energy use to maximize efficiency, minimize waste, and respond instantly to changing demand or grid conditions. For example, in October 2025, Goldwind Science and Technology Co. Ltd, a China-based wind turbine manufacturer, launched its Ultra Series wind power products at China Wind Power 2025. The series is designed to deliver enhanced efficiency, reduced capital expenditure, higher power density, and smart grid compatibility for modern wind farms. The portfolio includes both onshore and offshore models tailored for next-generation power system integration and long life cycles, supporting higher returns and hybrid renewable energy systems.

In August 2024, Suzlon Energy Limited, an India-based renewable energy company, acquired Renom Energy Services Pvt. Ltd. for an undisclosed amount. This acquisition aims to enhance Suzlon's operations and maintenance services for wind assets by leveraging Renom's expertise. The goal is to target over 32 GW of non-Suzlon wind energy assets in India and strengthen Suzlon's competitive position in line with the country's renewable energy objectives. Renom Energy Services Pvt. Ltd. is an India-based company specializing in operations and maintenance services for wind energy.

Major companies operating in the wind energy market are Siemens Energy AG, Xinjiang Goldwind Science & Technology Co Ltd, General Electric Company, Vestas Wind Systems A/S, Nordex SE, Enercon GmbH, China Ming Yang, Suzlon Energy Ltd, Dongfang Electric Corporation Limited, Envision Energy, Gamesa, SHANGHAI ELECTRIC, Adani Green Energy Limited, NTPC Limited, Teroc AB, ENO Energy GmbH, Greenbyte AB, MOWEA GmbH, Voltalia, EuroCape, Kola Wind Farm, Rosatom, NextEra Energy, Clearway Energy, Pampa Energia SA, YPF Luz, Enel Green Power SpA, Genneia SA, 360 Energy SA, CPFL Energias Renovaveis SA, ENGIE Brazil.

Asia-Pacific was the largest region in the wind energy market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the wind energy 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 energy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The wind energy market consists of sales of dutch type grain-grinding windmills, multi-blade water-pumping windmills, and high-speed propeller-type windmills. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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.

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