Wind Power Market: By Turbine Capacity By Installation, By Application Geography

download arrow download arrow Download Free Sample
settings arrow settings arrow email us

Wind Power Market Size, Share, Growth, Trends, and Global Industry Analysis: By Turbine Capacity (<100 KW, 100 KW to 500 KW, 500 KW to 1 MW, 1MW to 3 MW, 3 MW) By Installation (Offshore, Onshore), By Application (Residential, Commercial) Region

checked icon arrow_drop_down
checked icon Single User License $4400 $3520
checked icon Multiple User License $6600 $5280
checked icon Corporate User License $8900 $7120

Wind Power Market Size was valued at US$ 79.21 billion in 2023 and is expected to grow US$ 210.74 billion by 2030 at a CAGR of 10.9% from 2024 to 2030. The global market provides a detailed overview of the market that can be segmented by turbine capacity, installation, and application. By turbine capacity, the market has been segmented into <100 KW, 100 KW to 500 KW, 500 KW to 1 MW, 1MW to 3 MW and 3 MW. The 100 KW to 500 KW segment is likely to be the largest and fastest-growing segment in terms of turbine capacity. Based on the installation, the market is segmented into offshore and onshore. Among these, the offshore segment is expected to have the fastest-growing market during the forecast period 2023-2029. Based on application, the market is segregated into residential and commercial. The residential held a considerable market share during the forecast period.

summary download arrow Download Free Sample

Wind Power Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

10.9%

Largest Market

Asia-Pacific

Fastest Growing Market

Asia Pacific

Wind Power Market Dynamics

The need for consistent, affordable, and clean power, favorable legal and legislative frameworks from various governments throughout the world, an increasing need to switch from conventional to renewable energy sources, increasing environmental pollution levels and health problems, and growing awareness of renewable energy sources are some key factors fueling the market growth.

Wind Power Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 79.21 billion

Market Size in 2030

US$ 210.74 billion

Market CAGR

10.9%

By Turbine Capacity

  • <100 KW,
  • 100 KW to 500 KW,
  • 500 KW to 1 MW,
  • 1MW to 3 MW,
  • 3 MW

By Installation

  • Offshore,
  • Onshore

By Application

  • Residential,
  • Commercial

By Region

  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • North America

Key Features of the Report

  • The wind power market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The market report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market

Download Free Sample Report

I accept the Terms and Conditions,Disclaimers, GDPR Policy

Frequently Asked Questions

The global wind power market Size was valued at US$ 79.21 billion in 2023 and is expected to reach US$ 210.74 billion by 2030 at a CAGR of 10.9%.

The major players in the market are Vestas (Denmark), General Electric (US), Senvion SA (Germany), Wind World Limited (India), Orient Green Power Company Limited (India), Indowind (India), DNV GL (Norway), Siemens Gamesa Renewable Energy SA (Spain), Goldwind (China), Bergey Wind Power (US) and Intertek (UK).

Asia Pacific is the fastest-growing region for the market.

1. Executive Summary
2. Global Wind Power Market Introduction
2.1. Global Wind Power Market - Taxonomy
2.2. Global Wind Power Market -Definitions
2.2.1. By Turbine Capacity
2.2.2. By Installation
2.2.3. By Application
2.2.4. By Region
3. Global Wind Power Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Wind Power Market Dynamic Factors - Impact Analysis
3.6. Global Wind Power Market - Competition Landscape
4. Global Wind Power Market Analysis, 2019-2023 and Forecast, 2024-2030
4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Wind Power Market, By Turbine Capacity, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.1. <100 KW
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. 100 KW to 500 KW
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. 500 KW to 1 MW
5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. 1MW to 3 MW
5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. > 3 MW
5.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
6. Global Wind Power Market, By Installation, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.1. Offshore
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Onshore
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Wind Power Market, By Application, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.1. Residential
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Commercial
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
8. Global Wind Power Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Wind Power Market - Opportunity Analysis Index, By Turbine Capacity, Installation, Application , and Region, 2024-2030
9. North America Wind Power Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
9.1. Turbine Capacity Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. <100 KW
9.1.2. 100 KW to 500 KW
9.1.3. 500 KW to 1 MW
9.1.4. 1MW to 3 MW
9.1.5. > 3 MW
9.2. Installation Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Offshore
9.2.2. Onshore
9.3. Application Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Residential
9.3.2. Commercial
9.4. Country Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Wind Power Market - Opportunity Analysis Index, By Turbine Capacity, Installation, Application , and Country, 2024-2030
9.6. North America Wind Power Market Dynamics - Trends
10. Europe Wind Power Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
10.1. Turbine Capacity Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. <100 KW
10.1.2. 100 KW to 500 KW
10.1.3. 500 KW to 1 MW
10.1.4. 1MW to 3 MW
10.1.5. > 3 MW
10.2. Installation Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Offshore
10.2.2. Onshore
10.3. Application Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Residential
10.3.2. Commercial
10.4. Country Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Rest of Europe
10.5. Europe Wind Power Market - Opportunity Analysis Index, By Turbine Capacity, Installation, Application, and Country, 2024-2030
10.6. Europe Wind Power Market Dynamics - Trends
11. Asia-Pacific Wind Power Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
11.1. Turbine Capacity Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. <100 KW
11.1.2. 100 KW to 500 KW
11.1.3. 500 KW to 1 MW
11.1.4. 1MW to 3 MW
11.1.5. > 3 MW
11.2. Installation Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Offshore
11.2.2. Onshore
11.3. Application Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Residential
11.3.2. Commercial
11.4. Country Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Wind Power Market - Opportunity Analysis Index, By Turbine Capacity, Installation, Application, and Country, 2024-2030
11.6. Asia-Pacific Wind Power Market Dynamics - Trends
12. Latin America Wind Power Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
12.1. Turbine Capacity Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. <100 KW
12.1.2. 100 KW to 500 KW
12.1.3. 500 KW to 1 MW
12.1.4. 1MW to 3 MW
12.1.5. > 3 MW
12.2. Installation Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Offshore
12.2.2. Onshore
12.3. Application Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Residential
12.3.2. Commercial
12.4. Country Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Latin America Wind Power Market - Opportunity Analysis Index, By Turbine Capacity, Installation, Application, and Country, 2024-2030
12.6. Latin America Wind Power Market Dynamics - Trends
13. Middle East and Africa Wind Power Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
13.1. Turbine Capacity Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. <100 KW
13.1.2. 100 KW to 500 KW
13.1.3. 500 KW to 1 MW
13.1.4. 1MW to 3 MW
13.1.5. > 3 MW
13.2. Installation Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Offshore
13.2.2. Onshore
13.3. Application Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Residential
13.3.2. Commercial
13.4. Country Analysis 2019-2023 and Forecast, 2024-2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. South Africa
13.4.3. Rest of MEA
13.5. MEA Wind Power Market - Opportunity Analysis Index, By Turbine Capacity, Installation, Application, and Country, 2024-2030
13.6. MEA Wind Power Market Dynamics - Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Key Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Vestas (Denmark)
14.2.2. General Electric (US)
14.2.3. Senvion SA (Germany)
14.2.4. Wind World Limited (India)
14.2.5. Orient Green Power Company Limited (India)
14.2.6. Indowind (India)
14.2.7. DNV GL (Norway)
14.2.8. Siemens Gamesa Renewable Energy SA (Spain)
14.2.9. Goldwind (China)
14.2.10. Bergey Wind Power (US)
14.2.11. Intertek (UK)
15. Research Methodology
16. Key Assumptions and Acronyms

 

Key Market Players

  • Vestas 
  • General Electric 
  • Senvion SA 
  • Wind World Limited 
  • Orient Green Power Company Limited
  • Indowind 
  • Siemens Gamesa Renewable Energy SA 
  • Goldwind 
  • Bergey Wind Power 
  • Intertek 

Related Industry Reports

Liquefied Natural Gas Market

Circuit Breaker Market

Coal Gasification Market

Clean Energy Market