Asia-Pacific Wind Power Equipment Market Size and Share - Growth Analysis Report and Forecast Trends (2026-2035)

The Asia-Pacific Wind Power Equipment Market attained a value of USD 38.28 Billion in 2025 and is projected to expand at a CAGR of around 8.20% through 2035. With China's 14th Five-Year Plan mandating 33% renewable energy contribution to national power consumption by 2025 and aggressive capacity targets driving record wind turbine installations, India's Production Linked Incentive scheme and 500 GW renewable energy target by 2030 catalysing domestic wind equipment manufacturing investment, rapidly declining wind energy levelised costs making offshore wind projects competitive at USD 60 per MWh in South Korean markets, and expanding offshore wind development pipelines across Japan, Vietnam, Taiwan, and Australia creating next-generation equipment demand, the market is set to achieve USD 71.92 Billion by 2035.

Key Market Trends and Insights

• China dominated the market in 2025 with approximately 60-70% regional revenue share and is projected to grow at a CAGR of 9.8% over the 2025 to 2035 forecast period.
• By Location, the Onshore segment is projected to witness a CAGR of 7.5% over the 2025 to 2035 forecast period.
• By Equipment Type, the Rotor/Blade segment is expected to register 8.5% CAGR over the 2025 to 2035 forecast period due to the transition to larger rotor diameters enabling higher capacity factors and lower levelised cost of energy from next-generation wind turbine platforms.

Market Size & Forecast

• Market Size in 2025: USD 38.28 Billion
• Projected Market Size in 2035: USD 71.92 Billion
• CAGR from 2026-2035: 8.20%
• Fastest-Growing Segment: Offshore Wind (25.4% CAGR)

The Asia-Pacific Wind Power Equipment Market encompasses the manufacturing, supply, and installation of onshore and offshore wind turbines, blades, towers, generators, gearboxes, power electronics, and integrated wind farm systems deployed across the region's rapidly expanding wind energy sector. The market includes both new installation equipment and replacement components, serving utility-scale wind farm developers, independent power producers, state-owned energy utilities, and corporate renewable energy purchasers.

Asia-Pacific wind turbine market was valued at USD 35.37 billion in 2024, reaching USD 38.28 billion in 2025, and is projected to grow at a CAGR of 8.20% to USD 71.92 billion by 2035. The region accounts for over 50% of global wind energy capacity additions, with China alone contributing approximately 70% of regional new installations. China installed 50 GW of new wind capacity in a single year according to the National Development and Reform Commission, with domestic suppliers like Goldwind, Envision, and MingYang expanding market share with cost-competitive turbine platforms. India's onshore wind capacity exceeded 40 GW in 2023 according to the Ministry of New and Renewable Energy, supported by Production Linked Incentive schemes for domestic turbine manufacturing. By 2050, Asia is projected to increase new wind power installations ninefold, totalling 613 GW of offshore and 2,646 GW of onshore wind power, according to industry projections.

Key Takeaways

• Asia-Pacific wind power equipment market valued at USD 38.28 billion in 2025; China leads with 60-70% share, installing 50 GW of new capacity in a single year.
• Offshore wind fastest-growing segment at 25.4% CAGR; China contributed 87% of global offshore capacity additions in 2021; South Korea projects USD 60/MWh offshore wind costs.
• India onshore capacity exceeded 40 GW in 2023; PLI scheme supporting domestic turbine manufacturing toward 500 GW renewable energy target by 2030.