The global wind power market size is estimated to grow from USD 115.3 billion in the current year to USD 361.2 billion by 2035, at a CAGR of 10.93% during the forecast period, till 2035.
Some of the key benefits of wind energy include lower operational costs, decreased carbon emissions, job creation, and economic advantages for local communities. Moreover, wind energy can be implemented in various environments, both onshore and offshore, depending on the available wind resources. It is also important to mention that the use of solar energy in key industries is increasing due to the rapid adoption of renewable technologies and growing public awareness, particularly in residential, commercial, and manufacturing sectors. Interestingly, the global wind capacity has seen a healthy year-over-year increase of 9%, according to the Wind Energy Council.
The wind power sector is becoming crucial in the worldwide transition towards innovation and digital progress in order to achieve enhanced energy production. The development of offshore wind farms is gaining momentum as they take advantage of stronger and more consistent wind patterns. Furthermore, constructing larger and more powerful turbines that can harness greater wind energy even at lower speeds, combined with advanced rotor blades, marks a significant modernization in wind energy market analysis efficiency.
As a result, with ongoing technological advancements in wind energy and the rising demand for renewable energy generation, the wind power industry is expected to experience considerable growth during this forecast period.
However, the offshore segment is expected to grow at a higher CAGR during the forecast period. This growth is linked to its access to stronger and more consistent wind speeds, which boosts energy production, along with supportive government policies.
Furthermore, this segment is projected to experience the highest compound annual growth rate (CAGR) during the forecast period. This can be linked to its design, especially horizontal-axis turbines, which are highly efficient and capable of producing substantial amounts of electricity, thus making them more appealing to investors and developers.
However, the 500 KW to 1 MW segment is expected to grow at a higher CAGR during the forecast period. This growth can be attributed to its adaptability for both small to medium-sized projects and utility-scale initiatives, making it suitable for a wide range of applications.
This can be attributed to progress in wind energy technology, which has notably reduced costs, while government support and private sector funding tend to be more flexible and responsive to market needs in comparison to government-funded initiatives.
Wind Power Market: Growth and Trends
At present, wind energy stands as the largest contributor to renewable electricity generation, accounting for nearly 10% of the total electricity produced in the US. This indicates the rise of wind energy as a viable electricity generation method that has shown significant efficiency. It is important to note that wind power plants transform the kinetic energy from wind into electrical energy using a generator; wind turbines are the essential elements of wind power systems.Some of the key benefits of wind energy include lower operational costs, decreased carbon emissions, job creation, and economic advantages for local communities. Moreover, wind energy can be implemented in various environments, both onshore and offshore, depending on the available wind resources. It is also important to mention that the use of solar energy in key industries is increasing due to the rapid adoption of renewable technologies and growing public awareness, particularly in residential, commercial, and manufacturing sectors. Interestingly, the global wind capacity has seen a healthy year-over-year increase of 9%, according to the Wind Energy Council.
The wind power sector is becoming crucial in the worldwide transition towards innovation and digital progress in order to achieve enhanced energy production. The development of offshore wind farms is gaining momentum as they take advantage of stronger and more consistent wind patterns. Furthermore, constructing larger and more powerful turbines that can harness greater wind energy even at lower speeds, combined with advanced rotor blades, marks a significant modernization in wind energy market analysis efficiency.
As a result, with ongoing technological advancements in wind energy and the rising demand for renewable energy generation, the wind power industry is expected to experience considerable growth during this forecast period.
Wind Power Market: Key Segments
Market Share by Type of Location
Based on type of location, the global wind power market is segmented into onshore and offshore. According to our estimates, currently, the onshore segment captures the majority of the market share, owing to its increased efficiency, reduced operational costs, and its established presence in nations like the US and China.However, the offshore segment is expected to grow at a higher CAGR during the forecast period. This growth is linked to its access to stronger and more consistent wind speeds, which boosts energy production, along with supportive government policies.
Market Share by Type of Component
Based on type of component, the global wind power market is segmented into electrical infrastructure, support structures, turbines and others. According to our estimates, currently, the desalination segment captures the majority of the market share.Furthermore, this segment is projected to experience the highest compound annual growth rate (CAGR) during the forecast period. This can be linked to its design, especially horizontal-axis turbines, which are highly efficient and capable of producing substantial amounts of electricity, thus making them more appealing to investors and developers.
Market Share by Type of Application
Based on type of application, the global wind power market is segmented into commercial, industrial and residential. According to our estimates, currently, the industrial segment captures the majority of the market share. This growth can be attributed to the increasing need for renewable energy market research sources among industrial entities aiming to lower their carbon emissions and cut down on operational expenses, along with advancements in technology.Market Share by Type of Turbine Capacity
Based on type of turbine capacity, the global wind power market is segmented into < 100 KW, 100 KW to 500 KW, 500 KW to 1 MW, 1MW to 3 MW and > 3 MW. According to our estimates, currently, the > 3 MW segment captures the majority of the market share. This can be attributed to its capacity to produce more electricity per unit, which improves the financial viability of wind projects.However, the 500 KW to 1 MW segment is expected to grow at a higher CAGR during the forecast period. This growth can be attributed to its adaptability for both small to medium-sized projects and utility-scale initiatives, making it suitable for a wide range of applications.
Market Share by Type of Investment
Based on type of investment, the global wind power market is segmented into government-funded projects, private sector investments and public-private partnerships. According to our estimates, currently, the private sector investments capture the majority of the market share.This can be attributed to progress in wind energy technology, which has notably reduced costs, while government support and private sector funding tend to be more flexible and responsive to market needs in comparison to government-funded initiatives.
Market Share by Type of Enterprise
Based on type of enterprise, the global wind power market is segmented into large and small and medium enterprise. According to our estimates, currently, the large-scale farms capture the majority of the market share. This can be attributed to their ability to invest in cutting-edge wind energy generation technologies and equipment, take advantage of government programs, achieve economies of scale, and foster business expansion.Market Share by Geographical Regions
Based on geographical regions, the wind power market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently Asia captures the majority share of the market. This can be attributed to the abundant wind resources, government support and investments, rapid population increase, and rising energy demand in nations like China and India.Wind Power Market: Research Coverage
The report on the wind power market features insights on various sections, including:- Market Sizing and Opportunity Analysis: An in-depth analysis of the wind power market, focusing on key market segments, including [A] type of location, [B] type of component, [C] type of application, [D] type of turbine capacity, [E] type of investment, [F] type of enterprise, and [G] geographical regions.
- Competitive Landscape: A comprehensive analysis of the companies engaged in the wind power market, based on several relevant parameters, such as [A] year of establishment, [B] company size, [C] location of headquarters and [D] ownership structure.
- Company Profiles: Elaborate profiles of prominent players engaged in the wind power market, providing details on [A] location of headquarters, [B] company size, [C] company mission, [D] company footprint, [E] management team, [F] contact details, [G] financial information, [H] operating business segments, [I] wind power portfolio, [J] moat analysis, [K] recent developments, and an informed future outlook.
- Megatrends: An evaluation of ongoing megatrends in wind power industry.
- Patent Analysis: An insightful analysis of patents filed / granted in the wind power domain, based on relevant parameters, including [A] type of patent, [B] patent publication year, [C] patent age and [D] leading players.
- Recent Developments: An overview of the recent developments made in the wind power market, along with analysis based on relevant parameters, including [A] year of initiative, [B] type of initiative, [C] geographical distribution and [D] most active players.
- Porter’s Five Forces Analysis: An analysis of five competitive forces prevailing in the wind power market, including threats of new entrants, bargaining power of buyers, bargaining power of suppliers, threats of substitute products and rivalry among existing competitors.
- SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter.
- Value Chain Analysis: A comprehensive analysis of the value chain, providing information on the different phases and stakeholders involved in the wind power market
Key Questions Answered in this Report
- How many companies are currently engaged in wind power market?
- Which are the leading companies in this market?
- What factors are likely to influence the evolution of this market?
- What is the current and future market size?
- What is the CAGR of this market?
- How is the current and future market opportunity likely to be distributed across key market segments?
Reasons to Buy this Report
- The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
- Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
- The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.
Additional Benefits
- Complimentary Excel Data Packs for all analytical modules in the report
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Table of Contents
SECTION I: REPORT OVERVIEWSECTION II: QUALITATIVE INSIGHTS5. EXECUTIVE SUMMARY7. REGULATORY SCENARIOSECTION III: MARKET OVERVIEW8. COMPREHENSIVE DATABASE OF LEADING PLAYERS10. WHITE SPACE ANALYSIS11. COMPANY COMPETITIVENESS ANALYSISSECTION IV: COMPANY PROFILESSECTION V: MARKET TRENDS14. MEGA TRENDS ANALYSIS15. UNMEET NEED ANALYSIS16. PATENT ANALYSISSECTION VI: MARKET OPPORTUNITY ANALYSIS32. ADJACENT MARKET ANALYSISSECTION VII: STRATEGIC TOOLS33. KEY WINNING STRATEGIES34. PORTER’S FIVE FORCES ANALYSIS35. SWOT ANALYSIS36. VALUE CHAIN ANALYSISSECTION VIII: OTHER EXCLUSIVE INSIGHTS38. INSIGHTS FROM PRIMARY RESEARCH39. REPORT CONCLUSIONSECTION IX: APPENDIX40. TABULATED DATA41. LIST OF COMPANIES AND ORGANIZATIONS42. CUSTOMIZATION OPPORTUNITIES43. SUBSCRIPTION SERVICES44. AUTHOR DETAILS
1. PREFACE
2. RESEARCH METHODOLOGY
3. MARKET DYNAMICS
4. MACRO-ECONOMIC INDICATORS
6. INTRODUCTION
9. COMPETITIVE LANDSCAPE
12. STARTUP ECOSYSTEM IN THE WIND POWER MARKET
13. COMPANY PROFILES
17. RECENT DEVELOPMENTS
18. GLOBAL WIND POWER MARKET
19. MARKET OPPORTUNITIES BASED ON TYPE OF LOCATION
20. MARKET OPPORTUNITIES BASED ON TYPE OF COMPONENT
21. MARKET OPPORTUNITIES BASED ON TYPE OF APPLICATION
22. MARKET OPPORTUNITIES BASED ON TYPE OF TURBINE CAPACITY
23. MARKET OPPORTUNITIES BASED ON TYPE OF INVESTMENT
24. MARKET OPPORTUNITIES BASED ON TYPE OF ENTERPRISE
25. MARKET OPPORTUNITIES FOR WIND POWER IN NORTH AMERICA
26. MARKET OPPORTUNITIES FOR WIND POWER IN EUROPE
27. MARKET OPPORTUNITIES FOR WIND POWER IN ASIA
28. MARKET OPPORTUNITIES FOR WIND POWER IN MIDDLE EAST AND NORTH AFRICA (MENA)
29. MARKET OPPORTUNITIES FOR WIND POWER IN LATIN AMERICA
30. MARKET OPPORTUNITIES FOR WIND POWER IN REST OF THE WORLD
31. MARKET CONCENTRATION ANALYSIS: DISTRIBUTION BY LEADING PLAYERS
37. ROOTS STRATEGIC RECOMMENDATIONS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Acciona
- Bergey Wind Power
- Clipper Windpower
- Enercon
- Envision Group
- GE Wind Energy
- Goldwind
- Guodian United Power Technology
- Inoxwind
- Mingyang Group
- Orient Green Power
- Senvion
- Shanghai Electric
- Siemens
- Suzlon Energy
- United Power
- Vestas
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 188 |
| Published | October 2025 |
| Forecast Period | 2025 - 2035 |
| Estimated Market Value ( USD | $ 115.3 Billion |
| Forecasted Market Value ( USD | $ 361.2 Billion |
| Compound Annual Growth Rate | 10.9% |
| Regions Covered | Global |
