Wind Energy Market Size, Share, Trends, Growth & Forecast 2034
Wind Energy Market By Location (Onshore and Offshore), By Component (Turbine, Support Structure, Electrical Infrastructure, and Others), By Application (Utility and Non-utility), By Rating (≤ 2 MW, >2≤ 5 MW, >5≤ 8 MW, >8≤10 MW, >10≤ 12 MW, and 12 MW), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034-
Category: Energy & Mining Report Format : PDF
Pages: 212 Report Code: ZMR-10276
Published Date: Jan-2026 Status : Published
| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 96.9 Billion | USD 159.5 Billion | 5.1% | 2024 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Wind Energy Market, (2025 - 2034) (USD Billion)
- 2.2 Global Wind Energy Market : snapshot
- Chapter 3. Global Wind Energy Market - Industry Analysis
- 3.1 Wind Energy Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 The increasing electricity demand act as a major catalyst for the wind energy market expansion
- 3.3 Market Restraints
- 3.3.1. Grid infrastructure limitations pose a major restraint on industry growth
- 3.4 Market Opportunities
- 3.4.1. The integration of AI offer a potential opportunity for growth in the wind energy market
- 3.5 Market Challenges
- 3.5.1. The reliance on policy support pose a major challenge to the expansion of the wind energy market
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Location
- 3.7.2 Market attractiveness analysis By Component
- 3.7.3 Market attractiveness analysis By Application
- 3.7.4 Market attractiveness analysis By Rating
- Chapter 4. Global Wind Energy Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Wind Energy Market: company market share, 2024
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Wind Energy Market - Location Analysis
- 5.1 Global Wind Energy Market overview: By Location
- 5.1.1 Global Wind Energy Market share, By Location, 2024 and 2034
- 5.2 Onshore
- 5.2.1 Global Wind Energy Market by Onshore, 2025 - 2034 (USD Billion)
- 5.3 Offshore
- 5.3.1 Global Wind Energy Market by Offshore, 2025 - 2034 (USD Billion)
- 5.1 Global Wind Energy Market overview: By Location
- Chapter 6. Global Wind Energy Market - Component Analysis
- 6.1 Global Wind Energy Market overview: By Component
- 6.1.1 Global Wind Energy Market share, By Component, 2024 and 2034
- 6.2 Turbine
- 6.2.1 Global Wind Energy Market by Turbine, 2025 - 2034 (USD Billion)
- 6.3 Support Structure
- 6.3.1 Global Wind Energy Market by Support Structure, 2025 - 2034 (USD Billion)
- 6.4 Electrical Infrastructure
- 6.4.1 Global Wind Energy Market by Electrical Infrastructure, 2025 - 2034 (USD Billion)
- 6.5 Others
- 6.5.1 Global Wind Energy Market by Others, 2025 - 2034 (USD Billion)
- 6.1 Global Wind Energy Market overview: By Component
- Chapter 7. Global Wind Energy Market - Application Analysis
- 7.1 Global Wind Energy Market overview: By Application
- 7.1.1 Global Wind Energy Market share, By Application, 2024 and 2034
- 7.2 Utility
- 7.2.1 Global Wind Energy Market by Utility, 2025 - 2034 (USD Billion)
- 7.3 Non-utility
- 7.3.1 Global Wind Energy Market by Non-utility, 2025 - 2034 (USD Billion)
- 7.1 Global Wind Energy Market overview: By Application
- Chapter 8. Global Wind Energy Market - Rating Analysis
- 8.1 Global Wind Energy Market overview: By Rating
- 8.1.1 Global Wind Energy Market share, By Rating, 2024 and 2034
- 8.2 ≤ 2 MW
- 8.2.1 Global Wind Energy Market by ≤ 2 MW, 2025 - 2034 (USD Billion)
- 8.3 >2≤ 5 MW
- 8.3.1 Global Wind Energy Market by >2≤ 5 MW, 2025 - 2034 (USD Billion)
- 8.4 >5≤ 8 MW
- 8.4.1 Global Wind Energy Market by >5≤ 8 MW, 2025 - 2034 (USD Billion)
- 8.5 >8≤10 MW
- 8.5.1 Global Wind Energy Market by >8≤10 MW, 2025 - 2034 (USD Billion)
- 8.6 >10≤ 12 MW
- 8.6.1 Global Wind Energy Market by >10≤ 12 MW, 2025 - 2034 (USD Billion)
- 8.7 12 MW
- 8.7.1 Global Wind Energy Market by 12 MW, 2025 - 2034 (USD Billion)
- 8.1 Global Wind Energy Market overview: By Rating
- Chapter 9. Wind Energy Market - Regional Analysis
- 9.1 Global Wind Energy Market Regional Overview
- 9.2 Global Wind Energy Market Share, by Region, 2024 & 2034 (USD Billion)
- 9.3. North America
- 9.3.1 North America Wind Energy Market, 2025 - 2034 (USD Billion)
- 9.3.1.1 North America Wind Energy Market, by Country, 2025 - 2034 (USD Billion)
- 9.3.1 North America Wind Energy Market, 2025 - 2034 (USD Billion)
- 9.4 North America Wind Energy Market, by Location, 2025 - 2034
- 9.4.1 North America Wind Energy Market, by Location, 2025 - 2034 (USD Billion)
- 9.5 North America Wind Energy Market, by Component, 2025 - 2034
- 9.5.1 North America Wind Energy Market, by Component, 2025 - 2034 (USD Billion)
- 9.6 North America Wind Energy Market, by Application, 2025 - 2034
- 9.6.1 North America Wind Energy Market, by Application, 2025 - 2034 (USD Billion)
- 9.7 North America Wind Energy Market, by Rating, 2025 - 2034
- 9.7.1 North America Wind Energy Market, by Rating, 2025 - 2034 (USD Billion)
- 9.4. Europe
- 9.4.2 Europe Wind Energy Market, 2025 - 2034 (USD Billion)
- 9.4.2.1 Europe Wind Energy Market, by Country, 2025 - 2034 (USD Billion)
- 9.4.2 Europe Wind Energy Market, 2025 - 2034 (USD Billion)
- 9.4 Europe Wind Energy Market, by Location, 2025 - 2034
- 9.4.1 Europe Wind Energy Market, by Location, 2025 - 2034 (USD Billion)
- 9.5 Europe Wind Energy Market, by Component, 2025 - 2034
- 9.5.1 Europe Wind Energy Market, by Component, 2025 - 2034 (USD Billion)
- 9.6 Europe Wind Energy Market, by Application, 2025 - 2034
- 9.6.1 Europe Wind Energy Market, by Application, 2025 - 2034 (USD Billion)
- 9.7 Europe Wind Energy Market, by Rating, 2025 - 2034
- 9.7.1 Europe Wind Energy Market, by Rating, 2025 - 2034 (USD Billion)
- 9.5. Asia Pacific
- 9.5.3 Asia Pacific Wind Energy Market, 2025 - 2034 (USD Billion)
- 9.5.3.1 Asia Pacific Wind Energy Market, by Country, 2025 - 2034 (USD Billion)
- 9.5.3 Asia Pacific Wind Energy Market, 2025 - 2034 (USD Billion)
- 9.4 Asia Pacific Wind Energy Market, by Location, 2025 - 2034
- 9.4.1 Asia Pacific Wind Energy Market, by Location, 2025 - 2034 (USD Billion)
- 9.5 Asia Pacific Wind Energy Market, by Component, 2025 - 2034
- 9.5.1 Asia Pacific Wind Energy Market, by Component, 2025 - 2034 (USD Billion)
- 9.6 Asia Pacific Wind Energy Market, by Application, 2025 - 2034
- 9.6.1 Asia Pacific Wind Energy Market, by Application, 2025 - 2034 (USD Billion)
- 9.7 Asia Pacific Wind Energy Market, by Rating, 2025 - 2034
- 9.7.1 Asia Pacific Wind Energy Market, by Rating, 2025 - 2034 (USD Billion)
- 9.6. Latin America
- 9.6.4 Latin America Wind Energy Market, 2025 - 2034 (USD Billion)
- 9.6.4.1 Latin America Wind Energy Market, by Country, 2025 - 2034 (USD Billion)
- 9.6.4 Latin America Wind Energy Market, 2025 - 2034 (USD Billion)
- 9.4 Latin America Wind Energy Market, by Location, 2025 - 2034
- 9.4.1 Latin America Wind Energy Market, by Location, 2025 - 2034 (USD Billion)
- 9.5 Latin America Wind Energy Market, by Component, 2025 - 2034
- 9.5.1 Latin America Wind Energy Market, by Component, 2025 - 2034 (USD Billion)
- 9.6 Latin America Wind Energy Market, by Application, 2025 - 2034
- 9.6.1 Latin America Wind Energy Market, by Application, 2025 - 2034 (USD Billion)
- 9.7 Latin America Wind Energy Market, by Rating, 2025 - 2034
- 9.7.1 Latin America Wind Energy Market, by Rating, 2025 - 2034 (USD Billion)
- 9.7. The Middle-East and Africa
- 9.7.5 The Middle-East and Africa Wind Energy Market, 2025 - 2034 (USD Billion)
- 9.7.5.1 The Middle-East and Africa Wind Energy Market, by Country, 2025 - 2034 (USD Billion)
- 9.7.5 The Middle-East and Africa Wind Energy Market, 2025 - 2034 (USD Billion)
- 9.4 The Middle-East and Africa Wind Energy Market, by Location, 2025 - 2034
- 9.4.1 The Middle-East and Africa Wind Energy Market, by Location, 2025 - 2034 (USD Billion)
- 9.5 The Middle-East and Africa Wind Energy Market, by Component, 2025 - 2034
- 9.5.1 The Middle-East and Africa Wind Energy Market, by Component, 2025 - 2034 (USD Billion)
- 9.6 The Middle-East and Africa Wind Energy Market, by Application, 2025 - 2034
- 9.6.1 The Middle-East and Africa Wind Energy Market, by Application, 2025 - 2034 (USD Billion)
- 9.7 The Middle-East and Africa Wind Energy Market, by Rating, 2025 - 2034
- 9.7.1 The Middle-East and Africa Wind Energy Market, by Rating, 2025 - 2034 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Goldwind
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Bergey Windpower
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Doosan Corporation
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 CSSC Offshore Wind Power Co. Ltd.
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 GE Vernova
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Envision Group
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 EOLINK
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Siemens Gamesa Renewable Energy
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Mingyang Smart Energy Group
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Hitachi Ltd.
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Shanghai Electric
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 Vestas
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 Sinovel Wind Group
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 Nordex SE
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 and others.
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.1 Goldwind
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Wind Energy Market, 2025 - 2034 (USD Billion)
- 4. Porter’s Five Forces Analysis
- 5. Global Wind Energy Market attractiveness, By Location
- 6. Global Wind Energy Market attractiveness, By Component
- 7. Global Wind Energy Market attractiveness, By Application
- 8. Global Wind Energy Market attractiveness, By Rating
- 9. Global Wind Energy Market share by Location, 2025 and 2034 (USD Billion)
- 10. Global Wind Energy Market by Onshore, 2025 - 2034 (USD Billion)
- 11. Global Wind Energy Market by Offshore, 2025 - 2034 (USD Billion)
- 12. Global Wind Energy Market share by Component, 2025 and 2034 (USD Billion)
- 13. Global Wind Energy Market by Turbine, 2025 - 2034 (USD Billion)
- 14. Global Wind Energy Market by Support Structure, 2025 - 2034 (USD Billion)
- 15. Global Wind Energy Market by Electrical Infrastructure, 2025 - 2034 (USD Billion)
- 16. Global Wind Energy Market by Others, 2025 - 2034 (USD Billion)
- 17. Global Wind Energy Market share by Application, 2025 and 2034 (USD Billion)
- 18. Global Wind Energy Market by Utility, 2025 - 2034 (USD Billion)
- 19. Global Wind Energy Market by Non-utility, 2025 - 2034 (USD Billion)
- 20. Global Wind Energy Market share by Rating, 2025 and 2034 (USD Billion)
- 21. Global Wind Energy Market by ≤ 2 MW, 2025 - 2034 (USD Billion)
- 22. Global Wind Energy Market by >2≤ 5 MW, 2025 - 2034 (USD Billion)
- 23. Global Wind Energy Market by >5≤ 8 MW, 2025 - 2034 (USD Billion)
- 24. Global Wind Energy Market by >8≤10 MW, 2025 - 2034 (USD Billion)
- 25. Global Wind Energy Market by >10≤ 12 MW, 2025 - 2034 (USD Billion)
- 26. Global Wind Energy Market by 12 MW, 2025 - 2034 (USD Billion)
- 27. Global Wind Energy Market share, by Region, 2025 and 2034
- 28. North America Wind Energy Market, 2025 - 2034 (USD Billion)
- 29. Europe Wind Energy Market, 2025 - 2034 (USD Billion)
- 30. Asia Pacific Wind Energy Market, 2025 - 2034 (USD Billion)
- 31. Latin America Wind Energy Market, 2025 - 2034 (USD Billion)
- 32. The Middle-East and Africa Wind Energy Market, 2025 - 2034 (USD Billion)
Table Of Tables
- 1. Global Wind Energy Market: Snapshot
- 2. Drivers of the Wind Energy Market: impact analysis
- 3. North America Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 4. North America Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 5. North America Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 6. North America Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 7. U.S. Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 8. U.S. Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 9. U.S. Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 10. U.S. Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 11. Canada Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 12. Canada Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 13. Canada Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 14. Canada Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 15. Europe Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 16. Europe Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 17. Europe Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 18. Europe Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 19. Germany Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 20. Germany Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 21. Germany Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 22. Germany Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 23. France Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 24. France Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 25. France Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 26. France Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 27. U.K. Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 28. U.K. Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 29. U.K. Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 30. U.K. Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 31. Italy Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 32. Italy Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 33. Italy Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 34. Italy Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 35. Spain Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 36. Spain Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 37. Spain Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 38. Spain Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 39. Rest of Europe Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 40. Rest of Europe Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 41. Rest of Europe Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 42. Rest of Europe Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 43. Asia Pacific Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 44. Asia Pacific Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 45. Asia Pacific Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 46. Asia Pacific Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 47. China Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 48. China Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 49. China Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 50. China Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 51. Japan Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 52. Japan Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 53. Japan Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 54. Japan Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 55. India Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 56. India Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 57. India Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 58. India Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 59. South Korea Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 60. South Korea Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 61. South Korea Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 62. South Korea Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 63. South-East Asia Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 64. South-East Asia Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 65. South-East Asia Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 66. South-East Asia Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 67. Rest of Asia Pacific Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 68. Rest of Asia Pacific Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 69. Rest of Asia Pacific Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 70. Rest of Asia Pacific Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 71. Latin America Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 72. Latin America Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 73. Latin America Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 74. Latin America Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 75. Brazil Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 76. Brazil Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 77. Brazil Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 78. Brazil Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 79. Mexico Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 80. Mexico Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 81. Mexico Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 82. Mexico Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 83. Rest of Latin America Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 84. Rest of Latin America Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 85. Rest of Latin America Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 86. Rest of Latin America Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 87. The Middle-East and Africa Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 88. The Middle-East and Africa Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 89. The Middle-East and Africa Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 90. The Middle-East and Africa Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 91. GCC Countries Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 92. GCC Countries Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 93. GCC Countries Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 94. GCC Countries Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 95. South Africa Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 96. South Africa Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 97. South Africa Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 98. South Africa Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
- 99. Rest of Middle-East Africa Wind Energy Market revenue, By Location, 2025 - 2034 (USD Billion)
- 100. Rest of Middle-East Africa Wind Energy Market revenue, By Component, 2025 - 2034 (USD Billion)
- 101. Rest of Middle-East Africa Wind Energy Market revenue, By Application, 2025 - 2034 (USD Billion)
- 102. Rest of Middle-East Africa Wind Energy Market revenue, By Rating, 2025 - 2034 (USD Billion)
Methodology
FrequentlyAsked Questions
Wind energy is a renewable energy source that produces electrical power through wind turbines, which convert wind movement into electricity. The wind flows through turbine blades, which turn to drive a generator that creates electrical power. Wind energy can be captured through onshore wind farms, which operate on land, and offshore wind farms, which operate in coastal or deep-sea areas with stronger, more reliable wind conditions.
The worldwide increase in demand for clean energy is driving wind energy expansion as nations seek to reduce carbon emissions while combating climate change. Governments that establish strict emission-reduction targets alongside net-zero objectives create a need for utilities and independent power producers to implement renewable energy sources, such as wind power, rather than fossil-fuel-based electricity generation. The government provides financial backing for wind power projects through multiple mechanisms, including feed-in tariffs, renewable energy auctions, tax incentives, and renewable purchase obligations, thereby improving the economic feasibility of these projects.
The wind energy market faces several challenges that limit its growth potential, despite strong government backing and rising demand for environmentally friendly energy solutions. The wind resource challenge arises because electricity generation depends on wind patterns, which are unpredictable. The project expenses increase because the system requires additional investments in energy storage facilities, backup generators, and sophisticated grid control systems, which compromise grid reliability.
Based on the application, the utility segment is expected to dominate the wind energy market growth during the projected period.
The wind energy market is being shaped by several emerging trends and innovations that are improving efficiency and expanding deployment potential. The development of larger and more powerful turbines, particularly for offshore applications, is increasing power generation while reducing overall project costs. Floating offshore wind technology is enabling access to deep-water sites with stronger and more consistent wind resources.
According to the report, the global wind energy market size was worth around USD 96.9 billion in 2024 and is predicted to grow to around USD 159.5 billion by 2034.
The global wind energy market is expected to grow at a CAGR of 5.1% during the forecast period.
The global wind energy industry growth is expected to be led by the Asia Pacific over the forecast period.
The global wind energy market is dominated by players like Goldwind, Bergey Windpower, Doosan Corporation, CSSC Offshore Wind Power Co., Ltd., GE Vernova, Envision Group, EOLINK, Siemens Gamesa Renewable Energy, Mingyang Smart Energy Group, Hitachi, Ltd., Shanghai Electric, Vestas, Sinovel Wind Group, and Nordex SE, among others.
The wind energy market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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