Wind energy sources accounted for more than ***** percent of electricity generation worldwide in 2024, up from a *** percent share a year earlier. This was over double the share compared to 2015 values, the year Paris Agreement was adopted.

Global wind energy production continuously rose to its peak, reaching some *** petawatt hours in 2024. Between 2009 and 2024, figures increased by roughly *** petawatt hours. In 2022, offshore wind energy production reached *** terawatt hours.

Asia recorded the largest worldwide wind energy production in 2023, at nearly 1,007 terawatt-hours. This was followed by Europe, where the output of wind energy surpassed 578 terawatt-hours. Meanwhile, North America generated over 487 terawatt-hours worth of wind energy in 2023. In recent years, wind energy accounted for over seven percent of the electricity generated globally. The world leader in wind energy Accounting for over one third of the wind energy generation across the globe, Asia positions itself as the largest producer worldwide. In particular, China is the main producer and consumer of wind energy both in Asia and globally. With a cumulative installed capacity of 520.7 gigawatts, the East Asian country is now planning to build the world’s biggest wind farm known to date. With construction forecast to begin before 2025, the new facility in the Taiwan Strait will debunk the current largest wind power plant – the Jiuquan Wind Power Base, also in China. Wind power in the Net Zero scenario Wind power capacity additions recorded unprecedented high figures in recent years. With a newly installed capacity of 93.6 gigawatts, the global cumulative capacity of wind power surpassed 800 gigawatts in 2021. Nevertheless, in order to meet the Net Zero Emissions target by 2050, capacity installations are required to increase to an average of 250 gigawatts annually. This is more than double the figure recorded in 2021.

Global investments in wind energy technologies reached roughly ****** billion U.S. dollars in 2024. Investment has increased considerably over the past decade, although 2024 saw a decrease in comparison with 2023. In 2011, wind energy investments amounted to **** billion U.S. dollars. Which countries are investing? Overall, China, the United States, and Europe have made the largest new investments in renewable energy, including but not limited to wind. China currently leads with the highest capacity additions of wind power worldwide. In Europe, onshore wind power has been an important industry in many countries, and the region has also become a leader in the development of offshore wind technologies. For example, Germany has long been one of the forerunners in new wind installations in Europe. Wind power in China With a vast territory and extensive coastline, China is particularly well-suited to expand wind power capacities, and production has increased drastically over the last decade. However, it has been difficult for the country to make full use of the power it is already generating. As the location of many Chinese wind farms are far from urban centers, this has posed a challenge in efficiently utilizing wind power to produce electricity for the country’s needs.

The cumulative capacity of installed wind power worldwide amounted to approximately ***** gigawatts in 2024. Onshore wind power accounted for the majority of total wind power capacity, at more than ***** gigawatts that year. Which country has the largest wind market? The largest wind power market in the world is China, with a capacity of over *** gigawatts of wind power installed as of the end of 2024. China’s wind potential is remarkable due to a large land mass as well as a long coastline. China has set ambitious goals for adding offshore wind capacity, and offshore development has progressed quickly in the last years. Future of renewables Emerging markets such as those in Latin America and Southeast Asia are expected to drive the upcoming wind development market. Additional government support and policies will allow for faster market growth in these regions. Global wind energy generation as a share of total generation continues to grow as technologies become more cost-effective.

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Wind Energy Market Size 2025-2029

The wind energy market size is forecast to increase by USD 70.9 billion at a CAGR of 8.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing awareness of environmental pollution and the global push towards renewable energy sources. However, the market faces substantial hurdles, with high upfront costs and investments required to establish wind energy projects. Energy policy and climate policy are shaping the market, pushing for grid parity and energy efficiency. Turbine efficiency is a key focus, with advancements in yaw control, torque control, and blade pitch enhancing power curve performance.
These financial constraints necessitate strategic planning and innovative financing models for companies seeking to capitalize on this market's potential. Navigating these challenges will be crucial for stakeholders looking to succeed in the market. Land use and turbine installation are also essential considerations, with power transmission infrastructure playing a crucial role in integrating wind power into the grid. Research and development in sustainable energy have led to the integration of battery energy storage and hydrogen storage for improved energy storage capabilities.

What will be the Size of the Wind Energy Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic market, meteorological data plays a crucial role in optimizing wind atlas analysis for site assessment. Circular economy principles are increasingly applied, with blade recycling and material recycling reducing operational costs and promoting green technology. Sustainable investing and green finance are driving the adoption of renewable energy portfolios, including both bottom-fixed and floating wind turbines.
Wind shear and wake effect management are essential for maximizing energy output from wind farms. Offshore substations are becoming more common, enabling larger wind farms and greater grid integration. Research and development in areas like battery energy storage, control systems, and condition monitoring are also crucial to optimizing energy yield and power output.

How is this Wind Energy Industry segmented?

The wind energy industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Onshore
  Offshore


End-user

  Industrial
  Commercial
  Residential


Component

  Turbines
  Support structures
  Electrical infrastructure
  Control systems
  Others


Geography

  North America

    US
    Canada
    Mexico


  Europe

    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The onshore segment is estimated to witness significant growth during the forecast period. Wind power has experienced significant advancements in the last decade, driving down production costs by half for new onshore projects. This economic shift has positioned wind power as the most cost-effective source of electricity generation globally. Sweden, for instance, has set ambitious targets to expand onshore wind energy, with wind temporarily surpassing traditional sources in December 2024. In this record-breaking year, wind energy generated 40.8 TWh, accounting for a quarter of the nation's electricity mix, up from 22% in 2023. During this period, wind covered 35% of Sweden's electricity demand, underscoring its growing importance. Technological innovations have played a pivotal role in this progress.

For example, blade manufacturing has evolved with the use of carbon fiber, enhancing durability and energy yield. Wind turbine design has advanced, with rotor dynamics and control systems optimized for increased power output and grid integration. Environmental regulations have also influenced the wind power industry, with a focus on climate change mitigation and carbon emissions reduction. Wind energy associations have advocated for renewable portfolio standards and condition monitoring, ensuring wind farms operate efficiently and adhere to environmental guidelines.

Offshore wind has emerged as a promising sector, with offshore installation and capacity factor improvements contributing to increased power output. Despite these advancements, challenges remain. Wind direction and wind speed variability, noise pollution, and public acceptance are critical concerns.

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The Onshore segment was valued at USD 87.00 billion in 2019 and showed a gradual increase during the forecast period.

The Wind Energy Market is rapidly expanding as nations invest in sustainable pow

The Global Wind Atlas version 4 data-sets contain microscale wind information at approximately 250m grid point spacing. The data is created by first dynamically downscaling ERA5 reanalysis data from 2008-2017 to 3km resolution using the WRF mesoscale model. The WRF results are then generalized using DTU's generalization methodology, and then downscaled using the WAsP model to the approx. 250m resolution. The data in this directory consist of the entire global tiff at the full 0.0025 degree resolution on the WGS84 map projection. These data also include four sets of overview pyramids to improve the viewing of the data at low resolution. Most of the data are named as follows: gwa_{variable}_{height}.tif, where variable is one of* wind-speed - The mean wind speed at the location for the 10 year period* power-density - The mean power density of the wind, which is related to the cube of the wind speed, and can provide additional information about the strength of the wind not found in the mean wind speed alone.* combined-Weibull-A and combined-Weibull-k - These are the all sector combined Weibull distribution parameters for the wind speed. They can be used to get an estimate of the wind speed and power density at a site. However, caution should be applied when using these in areas with wind speeds that come from multiple directions as the shapes of those individual distributions may be quite different than this combined distribution.* air-density - The air density is found by modelling using data from the ERA5 reanalysis to the elevation used in the global wind atlas following the approach described in WAsP 12 (see related materials).* RIX - The RIX (Ruggedness IndeX) is a measure of how complex the terrain is. It provides the percent of the area within 3.5 km of the position that have slopes over 30-degrees. A RIX value greater than 5 suggests that you should use caution when interpreting the results.The files which do not follow the naming convention above are the capacity-factor layers. The capacity factor layers were calculated for 4 distinct wind turbines. For IEC classes 1, 2 and 3, turbines with a 100 m hub height and rotor diameters of 117, 136, and 150 m were used. Additionally, an offshore turbine was included with a hub height of 150 m and a rotor diameter of 150 m. Capacity factors can be used to calculate a preliminary estimate of the energy yield of a wind turbine (in the MW range), when placed at a location. This can be done by multiplying the rated power of the wind turbine by the capacity factor for the location (and the number of hours in a year):AEP = Prated*CF*8760 hr/year,where AEP is annual energy production, Prated is rated power, and CF is capacity factor.When using this dataset, please cite using the following DOI:Floors, R. et al. (2025) Global Wind Atlas v4, 10.11583/DTU.28955267

Top Countries' Share of Global Wind Power Capacity, 2016 Discover more data with ReportLinker!

This dataset contains global onshore and offshore wind supply curves based on a resource assessment performed at the National Renewable Energy Laboratory (NREL) based on the National Center for Atmospheric Research's (NCAR) Climate Four Dimensional Data Assimilation (CFDDA) mesoscale climate database. This overview is intended to provide a brief description of the origin of the tables in this workbook, not to fully explain the assumptions and calculations involved. The paper linked below includes full detail of sources and assumptions.

The supply curves are defined by country and resource quality. Onshore supply curves are further differentiated by distance to nearest large load or power plant, and offshore by distance to shore and water depth.

The CFDDA database contains hourly wind velocity vectors at a 40km grid, at multiple heights above ground level. For each grid cell, we create hourly wind speed distributions at 90m hub heights, and we compute gross capacity factor through convolution with a representative power curve. Output is derated for outages and wake losses to obtain net capacity factor. Onshore, we assumed a composite IEC Class II turbine; offshore, an IEC Class I turbine. We assumed a wind turbine density of 5 MW/km.

Land and sea area are characterized by country (or country-like object, e.g, Alaska), land use/land cover, elevation, and protection status. Protected, urban, and high-elevation areas are fully excluded, and certain land cover types are fractionally excluded. Offshore, area within 5 nautical miles of or farther than 100 nautical miles from shore are excluded, as are protected marine areas. Marine areas are assigned to country based on exclusive economic zones; unassigned or disputed areas are excluded.

As alluded to previously, in this workbook, "United States of America" refers only to the continental U.S. Alaska and Hawaii are counted separately because of their remoteness. Unassigned "countries" comprise relatively remote, unpopulated areas (Alaska, Greenland, remote islands); and disputed marine areas. We recommend that their resource remain unassigned rather than grouped into larger IAM regions.

Global wind energy has expanded 5-fold since 2010 and is predicted to expand another 8–10-fold over the next 30 years. Wakes generated by wind turbines can alter downwind microclimates and potentially downwind vegetation. However, the design of past studies has made it difficult to isolate the impact of wake effects on vegetation from land cover change. We used hourly wind data to model wake and non-wake zones around 17 wind facilities across the U.S. and compared remotely-sensed vegetation greenness in wake and non-wake zones before and after construction. We located sampling sites only in the dominant vegetation type and in areas that were not disturbed before or after construction. We found evidence for wake effects on vegetation greenness at 10 of 17 facilities for portions of, or the entire growing season. Evidence included statistical significance in Before After Control Impact statistical models, differences >3% between expected and observed values of vegetation greenness, and consistent spatial patterns of anomalies in vegetation greenness relative to turbine locations and wind direction. Wakes induced both increases and decreases in vegetation greenness, which may be difficult to predict prior to construction. The magnitude of wake effects depended primarily on precipitation and to a lesser degree aridity. Wake effects did not show trends over time following construction, suggesting the changes impact vegetation greenness within a growing season, but do not accrue over years. Even small changes in vegetation greenness, similar to those found in this study, have been seen to affect higher trophic levels. Given the rapid global growth of wind energy, and the importance of vegetation condition for agriculture, grazing, wildlife, and carbon storage, understanding how wakes from wind turbines impact vegetation is essential to exploit or ameliorate these effects.

The Wind Energy Recycling market is emerging as a crucial segment within the renewable energy sector, reflecting a growing awareness of the sustainability challenges associated with wind turbine lifecycle management. As the global wind energy capacity continues to surge, reaching over 743 gigawatts according to rece

The global wind power equipment market is experiencing robust growth, projected to reach a market size of $64,420 million in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 3.8% from 2025 to 2033. This expansion is driven by several key factors. The increasing global demand for renewable energy sources, fueled by concerns about climate change and the need for energy security, is a significant driver. Government policies promoting renewable energy adoption, including subsidies, tax incentives, and renewable portfolio standards, are further stimulating market growth. Technological advancements in wind turbine design, leading to increased efficiency and reduced costs, are also contributing to market expansion. The shift towards larger, more efficient offshore wind farms, capable of harnessing stronger and more consistent winds, represents a major growth opportunity. Furthermore, the declining cost of energy storage solutions is enhancing the viability of wind power, particularly in addressing intermittency challenges. Market segmentation reveals a dynamic landscape. The onshore wind segment currently holds a larger market share due to its established infrastructure and lower initial investment costs. However, the offshore wind segment is projected to witness faster growth due to its higher energy generation potential. In terms of application, the commercial sector dominates, driven by the increasing electricity demands of industries and businesses. The residential sector, while currently smaller, is showing promising growth potential as technology becomes more affordable and accessible for individual homeowners. Key players in the market, including Phoenix Contact, ABB, Schneider Electric, Eaton, and Siemens, are actively investing in research and development to improve efficiency, reduce costs, and expand their market share through innovation and strategic partnerships. The geographical distribution of the market reveals strong growth potential in regions like Asia Pacific, driven by rapidly developing economies and rising energy consumption. This report provides a detailed analysis of the global wind power equipment market, valued at $85 billion in 2023, projected to reach $130 billion by 2028, exhibiting a robust CAGR. It delves into market dynamics, key players, technological advancements, and future growth prospects, utilizing data from reputable sources and industry expertise. This in-depth study is crucial for investors, manufacturers, and policymakers seeking a comprehensive understanding of this rapidly evolving sector.

Introduction

Offshore Wind Energy: The offshore wind energy industry is becoming an increasingly important player in the transition to renewable energy worldwide. It is scaling rapidly in both capacity and economic value as technology advances and increased investment comes in. By 2024, the offshore wind energy market is expected to reach extraordinary levels and very strongly address global energy needs and climate goals.

We will delve into the latest features, including offshore wind energy statistics in 2024, trends, and financial impacts.

Gain in-depth insights into Wind Energy Consumption Market Report from Market Research Intellect, valued at USD 136 billion in 2024, and projected to grow to USD 242 billion by 2033 with a CAGR of 7.5% from 2026 to 2033.

The Wind Energy Cables market is rapidly evolving, playing a pivotal role in the renewable energy sector as the demand for sustainable energy sources continues to rise. As industries and nations strive to meet their carbon reduction goals, wind energy has emerged as a leading solution, necessitating high-quality cab

The Global Wind Atlas (GWA) is a free, web-based application developed to help policymakers, planners, and investors identify high-wind areas for wind power generation virtually anywhere in the world, and then perform preliminary calculations. The GWA facilitates online queries and provides freely downloadable datasets based on the latest input data and modeling methodologies. They perform a generalization process on large-scale wind climate data from atmospheric re-analysis data in the ERA5 dataset from the European Centre for Medium-Range Weather Forecasts (ECMWF). The result is a set of generalized wind climates. Users can download high-resolution maps of the wind resource potential, for use in GIS tools.

In 2024, China was the leading country in the world based on wind energy consumption, accounting for a share of almost ** percent of the global wind power consumed during that year. The United States followed as the second largest consumer with an **** percent share, highlighting the significant gap between the two leading nations in wind energy utilization. Wind energy production worldwide Global wind energy production has seen remarkable growth, reaching approximately *** petawatt hours in 2024. This significant increase represents a ****** expansion since 2010, highlighting the global adoption of wind power. Overall, the share of wind energy over the total electricity generation worldwide surpassed ***** percent in 2024, doubling since the Paris Agreement was adopted in 2015. As governments worldwide implement supportive policies, the wind energy market is expected to continue its upward trajectory, playing a crucial role in the transition away from fossil fuels. Leading wind power producers While China and the United States are the leading wind power producers worldwide, other countries have registered a higher adoption of the technology relative to their country size. Denmark stands out as the global leader in wind energy penetration, with wind power accounting for almost ** percent of its electricity mix in 2024. On a per capita basis, Sweden and Finland lead the pack, each producing over *** and *** megawatt hours of wind energy per inhabitant in 2024, respectively.

The Wind Power Supervisory Control and Data Acquisition (SCADA) market is increasingly becoming a vital component of the renewable energy landscape, providing critical monitoring, control, and analysis solutions for wind energy generation. SCADA systems enable operators to manage wind farms efficiently by collecting

The Wind Turbine Service Lifts market has emerged as a vital component in the continued growth and efficiency of the renewable energy sector, specifically in wind energy. Service lifts, designed specifically for the maintenance and servicing of wind turbines, enable technicians to access the elevated components of t