Wind Energy Market Size, Regional Analysis and Outlook 2034
Wind Energy Market Growth, Size, Trends Analysis - By Component, By Turbine Rating, By Installation - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jul-2025 | Report ID: POAE25107 | Pages: 1 - 247 | Formats*: |
| Category : Power & Energy | |||
Wind Energy Market Introduction and Overview
According to SPER Market Research, the Global Wind Energy Market is estimated to reach USD 512.46 billion by 2034 with a CAGR of 11.36%.
The report includes an in-depth analysis of the Global Wind Energy Market, including market size and trends, product mix, Applications, and supplier analysis. The Wind Energy Market was valued at USD 174.73 billion in 2024 and is expected to grow at a CAGR of 11.36% from 2025 to 2034. This growth is due to a mix of improved economics, rising energy demand, technological advancement, and government assistance, the wind energy industry is growing quickly worldwide. To encourage investment in both onshore and offshore wind projects, governments around the world are enacting aggressive renewable targets and financial incentives like tax credits, feed-in tariffs, auction programs, and streamlined licensing frameworks.
By Component Insights
The market is dominated by turbines grown significantly due to ongoing developments in larger, high-capacity turbines. By resolving issues with anchoring offshore turbines, innovations like the WindFloat semi-submersible platform are making it possible to put them in deeper waters without the need for seabed foundations. One example of the industry's emphasis on scaling up technologies for increased performance and efficiency is CSSC Huizhong’s development of an offshore wind turbine with one of the largest rotor diameters.
By Turbine Rating Insights
Due to its extensive use in both onshore and nearshore projects, the 1–2 MW turbine rating sector leads the worldwide wind energy industry. These turbines are perfect for a variety of geographical and regulatory contexts because they provide the best possible balance between efficiency, installation costs, and land utilization. They are the go-to option for developers worldwide due to their demonstrated dependability, simplicity in integrating with the grid, and interoperability with current infrastructure.
By Installation Insights
The global wind energy market is dominated by the onshore installation sector due to its less expensive to put up and maintain, construction can be completed more quickly, and regulations are less complicated than for offshore installations. Onshore wind farms are the favored option for many nations looking to increase their capacity for renewable energy since they are more widely dispersed throughout different locations and are simpler to access for maintenance.
Regional Insights
The North American wind energy business will develop at a considerable CAGR by 2034, owing to technology advancements, supportive regulations, and market dynamics. Improved grid integration technologies and energy storage solutions that improve wind power reliability and stability, as well as the establishment of significant offshore wind projects such as Vineyard Wind and Ocean Wind, will drive product adoption throughout the region.
Market Competitive Landscape
The Wind Energy market is dominated by established players such as Bergey Windpower, CSSC Offshore Wind Power Co., Ltd, Doosan Corporation, EOLINK, Envision Group. These market participants frequently deploy tactics centered on geographic expansion, strategic alliances, and technology innovation. To improve turbine efficiency, dependability, and digital integration—such as predictive maintenance and smart grid compatibility—they make significant investments in research and development.
Recent Developments:
- In January 2025, GE Vernova obtained contracts to repower over 1 gigawatt of wind turbines in the US. These orders, placed throughout all four quarters of the year, are scheduled to achieve commercial operation between 2024 and 2027. The repowering efforts will incorporate nacelles and drive trains produced at GE Vernova’s facility in Pensacola, Florida—where veterans make up around 20% of the workforce. This initiative aligns with national goals of enhancing energy security, affordability, and supply reliability.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Component, By Turbine Rating, By Installation |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Bergey Windpower, CSSC Offshore Wind Power Co., Ltd, Doosan Corporation, EOLINK, Envision Group, GE Vernova, Goldwind, Hitachi, Ltd, Mingyang Smart Energy Group, Nordex SE. |
Key Topics Covered in the Report
- Global Wind Energy Market Size (FY’2021-FY’2034)
- Overview of Global Wind Energy Market
- Segmentation of Global Wind Energy Market by Component (Turbine, Support Structure, Electrical Infrastructure)
- Segmentation of Global Wind Energy Market by Turbine Rating (≤ 2 MW, >2 to 5 MW, >5 to 8 MW, >8 to 10 MW, >10 to 12 MW, > 12 MW)
- Segmentation of Global Wind Energy Market by Installation (Onshore, Offshore)
- Statistical Snap of Global Wind Energy Market
- Expansion Analysis of Global Wind Energy Market
- Problems and Obstacles in Global Wind Energy Market
- Competitive Landscape in the Global Wind Energy Market
- Details on Current Investment in Global Wind Energy Market
- Competitive Analysis of Global Wind Energy Market
- Prominent Players in the Global Wind Energy Market
- SWOT Analysis of Global Wind Energy Market
- Global Wind Energy Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Wind Energy Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Wind Energy Market
7. Global Wind Energy Market, By Component (USD Million) 2021-2034
- 7.1. Turbine
- 7.2. Support Structure
- 7.3. Electrical Infrastructure
8. Global Wind Energy Market, By Turbine Rating (USD Million) 2021-2034
- 8.1. ≤ 2 MW
- 8.2. >2 to 5 MW
- 8.3. >5 to 8 MW
- 8.4. >8 to 10 MW
- 8.5. >10 to 12 MW
- 8.6. > 12 MW
9. Global Wind Energy Market, By Installation (USD Million) 2021-2034
- 9.1. Onshore
- 9.2. Offshore
10. Global Wind Energy Market, (USD Million) 2021-2034
- 10.1. Global Wind Energy Market Size and Market Share
11. Global Wind Energy Market, By Region, (USD Million) 2021-2034
- 11.1. Asia-Pacific
- 11.1.1. Australia
- 11.1.2. China
- 11.1.3. India
- 11.1.4. Japan
- 11.1.5. South Korea
- 11.1.6. Rest of Asia-Pacific
- 11.2. Europe
- 11.2.1. France
- 11.2.2. Germany
- 11.2.3. Italy
- 11.2.4. Spain
- 11.2.5. United Kingdom
- 11.2.6. Rest of Europe
- 11.3. Middle East and Africa
- 11.3.1. Kingdom of Saudi Arabia
- 11.3.2. United Arab Emirates
- 11.3.3. Qatar
- 11.3.4. South Africa
- 11.3.5. Egypt
- 11.3.6. Morocco
- 11.3.7. Nigeria
- 11.3.8. Rest of Middle-East and Africa
- 11.4. North America
- 11.4.1. Canada
- 11.4.2. Mexico
- 11.4.3. United States
- 11.5. Latin America
- 11.5.1. Argentina
- 11.5.2. Brazil
- 11.5.3. Rest of Latin America
12. Company Profile
- 12.1. Bergey Windpower
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. CSSC Offshore Wind Power Co., Ltd
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. Doosan Corporation
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. EOLINK
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. Envision Group
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. GE Vernova
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. Goldwind
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. Hitachi, Ltd
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. Mingyang Smart Energy Group
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. Nordex SE
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
- 12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Wind Energy Market is projected to reach USD 512.46 billion by 2034, growing at a CAGR of 11.36% during the forecast period.
Wind Energy Market grew in Market size from 2025. The Market is expected to reach USD 512.46 billion by 2034, at a CAGR of 11.36% during the forecast period.
Wind Energy Market CAGR of 11.36% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Wind Energy Market size is USD 512.46 billion from 2025 to 2034.
Wind Energy Market is covered By Component, By Turbine Rating, By Installation
North America is anticipated to have the highest Market share in the Wind Energy Market.
Bergey Windpower, CSSC Offshore Wind Power Co., Ltd, Doosan Corporation, EOLINK, Envision Group, GE Vernova, Goldwind, Hitachi, Ltd, Mingyang Smart Energy Group, Nordex SE.
The report includes an in-depth analysis of the Global Wind Energy Market, including market size and trends, product mix, Applications, and supplier analysis
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