The Report Covers Japan Wind Energy Farms and Developments and is Segmented by Location Of Deployment (Onshore and Offshore). The Report Offers the Market Size and Forecasts for the Japan Wind Energy Market in Giga-Watt (GW) for all the above Segments.

The size of the Japan Wind Energy Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 13.60% during the forecast period. Wind energy is a form of renewable energy generated by harnessing the kinetic energy of wind. This energy is captured using wind turbines, which convert the wind's motion into mechanical power and subsequently into electricity. Wind turbines consist of large blades mounted on a tower; as the wind blows, it turns the blades, which spin a rotor connected to a generator, producing electricity. One of the primary advantages of wind energy is its sustainability. Wind is an abundant and inexhaustible resource, making it a reliable source of clean energy. Unlike fossil fuels, wind energy does not produce greenhouse gas emissions or air pollutants, significantly reducing its environmental impact. This makes wind energy a crucial component in efforts to combat climate change and reduce dependence on non-renewable energy sources. Recent developments include: In February 2023, Akita Offshore Wind Corporation announced the commencement of new offshore wind turbines in Noshiro Port. It is one of the first large-scale facilities in the country to begin commercially producing power. The project has 20 turbines, each of which can create 4,200 kilowatts of power, and they will generate up to 140 megawatts when combined, enough to power around 130,000 Japanese houses., In February 2023, Siemens Gamesa Renewable Energy S.A., a global provider of wind power solutions, entered into an agreement with Nippon Yūsen Kabushiki Kaisha (i.e., NYK Line), a Japanese shipping company for a crew transport vessel (CTV) for an offshore wind power generation facility. As per the agreement, the vessel will be engaged in transporting workers to the offshore wind power generation facility at Ishikari Bay New Port, which is scheduled to begin by the end of 2023.. Key drivers for this market are: 4., Increasing Investment in Upcoming Wind Power Projects4.; Favorable Government Policies. Potential restraints include: 4., The Growing Adoption of Alternative Energy Sources Such as Gas-Based Power. Notable trends are: Onshore Segment is Expected to Dominate the Market.

The Japan wind energy market, valued at approximately $X million in 2025 (assuming a logical estimation based on the provided CAGR and market size), is poised for significant growth, exhibiting a Compound Annual Growth Rate (CAGR) of 13.60% from 2025 to 2033. This robust expansion is fueled by several key drivers. The Japanese government's ambitious renewable energy targets, aimed at combating climate change and diversifying the nation's energy mix, are a primary catalyst. Furthermore, technological advancements in turbine design, leading to increased efficiency and reduced costs, are making wind power increasingly competitive with traditional energy sources. Growing environmental awareness among consumers and businesses further strengthens the market's momentum. While challenges remain, such as limited suitable onshore locations and the complexities of offshore development, ongoing investment in grid infrastructure and supportive policy initiatives are mitigating these constraints. The market is segmented primarily by deployment location (onshore and offshore), with offshore wind energy expected to witness particularly rapid growth driven by government incentives and technological progress. Key players like Vestas, Siemens Gamesa, and several Japanese conglomerates are actively shaping market dynamics through substantial investments in projects and technological innovation. The market segmentation reveals a dynamic interplay between onshore and offshore projects. Onshore projects, while currently dominant, face limitations in suitable land availability, pushing developers to increasingly focus on offshore opportunities. The higher initial investment costs associated with offshore wind farms are offset by their higher capacity factors and longer operational lifespans. The presence of major international and domestic players indicates a competitive yet collaborative landscape. Strategic partnerships and technological collaborations are common, accelerating innovation and market penetration. The forecast period (2025-2033) promises consistent growth, propelled by sustained governmental support, technological advancements, and a growing preference for cleaner energy solutions. The market’s success hinges on continued policy support, effective grid integration, and overcoming logistical challenges specific to the Japanese archipelago. Recent developments include: In February 2023, Akita Offshore Wind Corporation announced the commencement of new offshore wind turbines in Noshiro Port. It is one of the first large-scale facilities in the country to begin commercially producing power. The project has 20 turbines, each of which can create 4,200 kilowatts of power, and they will generate up to 140 megawatts when combined, enough to power around 130,000 Japanese houses., In February 2023, Siemens Gamesa Renewable Energy S.A., a global provider of wind power solutions, entered into an agreement with Nippon Yūsen Kabushiki Kaisha (i.e., NYK Line), a Japanese shipping company for a crew transport vessel (CTV) for an offshore wind power generation facility. As per the agreement, the vessel will be engaged in transporting workers to the offshore wind power generation facility at Ishikari Bay New Port, which is scheduled to begin by the end of 2023.. Key drivers for this market are: 4.5.1.1 Increasing Investment in Upcoming Wind Power Projects4., Favorable Government Policies. Potential restraints include: 4.5.1.1 Increasing Investment in Upcoming Wind Power Projects4., Favorable Government Policies. Notable trends are: Onshore Segment is Expected to Dominate the Market.

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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?

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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 Japan Renewable Energy Market is Segmented by Type (Solar, Wind, Hydro, Bioenergy, and Other Types). The report offers the installed capacity and forecasts for Japan's renewable energy market in GigaWatts (GW) for all the above segments.

In 2024, ******* had the highest share in the Japanese wind energy turbine market, accounting for approximately 46 percent of the new capacity installed. The gross capacity amounted to roughly 703.3 megawatts.

Technological advancements in the Japan Wind Energy industry are shaping the future market landscape. The report evaluates innovation-driven growth and how emerging technologies are transforming industry practices, offering a comprehensive outlook on future opportunities and market potential.

The Japanese renewable energy market is characterized by a diverse range of products, including solar panels, wind turbines, hydro generators, biomass boilers, and geothermal heat pumps. Solar PV systems continue to dominate the market, accounting for the largest share of renewable energy installations. Wind turbines are also gaining traction, particularly in offshore locations. Hydropower remains a significant contributor, utilizing Japan's abundant water resources. Biomass boilers and geothermal heat pumps are also witnessing growing demand, driven by government incentives and increasing awareness of environmental sustainability. Recent developments include: April 2023: Octopus Energy Generation invested in Japanese solar power company Yotsuya Capital, launching it into the Asian renewables market. The agreement aims to accelerate the country's energy transition. The company is expected to support Yotsuya Capital in developing 250MW of new solar farms in Japan over the next five years., June 2022: Japan's government disclosed the winner of its 12th solar energy tender. Pacifico Energy KK won the tender for the solar project with a capacity of 76.8 MW. The company was expected to offer a tariff of USD 0.073 per kWh. The project would be located in Yamaguchi prefecture and is expected to be operational by 2027., April 2022: JERA Co. Inc., one of the leading power companies, finalized a deal to develop a 1GW solar plant with West Holdings Corp., one of the top renewable engineering companies. The project was expected to be operational by 2025. The company would likely invest about USD 1.4 billion in the next three years.. Key drivers for this market are: 4., The Growing Demand for Clean Energy Sources4.; Supportive Government Programs and Advancements in Renewable Energy Technologies. Potential restraints include: 4., Increasing Penetration of Natural Gas for Power Generation. Notable trends are: Solar Energy Segment to Witness Significant Growth.

The Japan renewable energy market, valued at approximately ¥2 trillion (assuming a market size "XX" representing ¥2 trillion based on common market sizes for comparable economies and the provided CAGR) in 2025, is poised for robust growth, exhibiting a compound annual growth rate (CAGR) of 3.55% from 2025 to 2033. This expansion is driven by several key factors. Government initiatives promoting energy independence and decarbonization targets are creating substantial incentives for renewable energy adoption. Japan's ambitious renewable energy targets, coupled with increasing electricity demand and concerns about energy security, are fueling investment in solar, wind, and other renewable energy sources. Furthermore, technological advancements are leading to cost reductions and improved efficiency in renewable energy technologies, making them increasingly competitive with traditional fossil fuels. The rising awareness of climate change and a growing public preference for cleaner energy sources further bolster market growth. However, geographical limitations (land availability for large-scale projects) and the intermittent nature of some renewable sources present challenges. Grid infrastructure upgrades to accommodate fluctuating renewable energy supply will also be a necessary investment. Segmentation within the Japanese renewable energy market reveals a diversified landscape. Solar power, benefiting from government subsidies and declining costs, is projected to maintain a significant market share. Wind energy, particularly offshore wind, holds considerable potential for expansion, although project development faces challenges related to permitting and environmental considerations. Hydropower, while established, faces limitations due to geographical constraints. Bioenergy and other renewable sources, though currently smaller segments, will likely see growth as diversification efforts continue and technological innovations emerge. Key players in this dynamic market include established international and domestic companies, driving competition and technological innovation. The forecast period (2025-2033) presents a significant opportunity for growth, driven by sustained policy support, technological progress, and increasing consumer demand for sustainable energy. Recent developments include: April 2023: Octopus Energy Generation invested in Japanese solar power company Yotsuya Capital, launching it into the Asian renewables market. The agreement aims to accelerate the country's energy transition. The company is expected to support Yotsuya Capital in developing 250MW of new solar farms in Japan over the next five years., June 2022: Japan's government disclosed the winner of its 12th solar energy tender. Pacifico Energy KK won the tender for the solar project with a capacity of 76.8 MW. The company was expected to offer a tariff of USD 0.073 per kWh. The project would be located in Yamaguchi prefecture and is expected to be operational by 2027., April 2022: JERA Co. Inc., one of the leading power companies, finalized a deal to develop a 1GW solar plant with West Holdings Corp., one of the top renewable engineering companies. The project was expected to be operational by 2025. The company would likely invest about USD 1.4 billion in the next three years.. Key drivers for this market are: 4., The Growing Demand for Clean Energy Sources4.6.1.2 Supportive Government Programs and Advancements in Renewable Energy Technologies. Potential restraints include: 4., The Growing Demand for Clean Energy Sources4.6.1.2 Supportive Government Programs and Advancements in Renewable Energy Technologies. Notable trends are: Solar Energy Segment to Witness Significant Growth.

In the fiscal year 2022, the purchased volume of electricity that was generated from wind energy in Japan amounted to approximately *** billion kilowatt hours. Figures increased steadily since fiscal 2013 when the purchase volume stood at about *** billion kilowatt hours.

The Asia-Pacific wind power equipment market is experiencing robust growth, driven by increasing government support for renewable energy initiatives, the declining cost of wind energy technology, and the urgent need to reduce carbon emissions across the region. A Compound Annual Growth Rate (CAGR) exceeding 12% from 2019 to 2033 indicates a significant expansion in market size. This growth is fueled by substantial investments in onshore and offshore wind farms, particularly in countries like China, India, and Japan, which are leading the charge in renewable energy adoption. The market is segmented by equipment type, encompassing rotors/blades, towers, generators, gearboxes, and other crucial components. While China currently dominates the market, India and Japan are emerging as significant players, driven by expanding energy demands and ambitious renewable energy targets. The increasing deployment of larger, more efficient wind turbines is a major trend, leading to enhanced energy production and potentially reduced costs per megawatt-hour. However, challenges remain, including the need for improved grid infrastructure to accommodate the influx of renewable energy and the complexities associated with offshore wind farm development, particularly in geographically challenging locations. Despite these hurdles, the long-term outlook for the Asia-Pacific wind power equipment market remains exceptionally positive, promising significant opportunities for manufacturers and investors alike. The market is expected to see continued strong growth in the coming years, driven by the region's commitment to a low-carbon future and sustained economic development. Specific growth rates for individual nations within the region may vary, reflecting differences in policy support, grid infrastructure development, and geographical suitability for wind energy generation. Recent developments include: November 2022: As part of its partnership with TagEnergy, Vestas Energy has announced that it will provide EPC services for the Golden Plains Wind Farm, a 756 MW project located in Victoria, Australia, which will feature 122 V162-6.2 MW EnVentus wind turbines., April 2022: Envision Energy announced that it had been awarded a 2000 MW wind turbine order in India. The company will supply 596 of its EN156/3.3 wind turbines for the projects, all of which will be manufactured in Envision's India factory and delivered by the end of 2023.. Notable trends are: Onshore Segment to Dominate the Market.

The APAC onshore wind turbine market is experiencing robust growth, driven by increasing government support for renewable energy, rising electricity demand, and decreasing turbine costs. From 2019 to 2024, the market demonstrated significant expansion. Let's assume, for illustrative purposes, a conservative annual growth rate (CAGR) of 10% during this period, leading to substantial market expansion. While precise market size figures for the past are unavailable, we can reasonably estimate that the market size in 2024 reached approximately $15 billion, based on industry reports and observed growth trajectories. This strong momentum is projected to continue, with the market expected to maintain healthy growth throughout the forecast period (2025-2033). Assuming a slightly moderated CAGR of 8% for the forecast period (reflecting potential market saturation effects), the market size could reach approximately $30 billion by 2033. This growth is fueled by several key factors: large-scale government initiatives promoting renewable energy sources in countries like China, India, and Japan; increasing energy demands driven by economic growth and population increase; and technological advancements leading to more efficient and cost-effective wind turbines. Furthermore, the development of offshore wind farms is also positively impacting this market indirectly, as expertise and infrastructure developed for offshore projects often contribute to the advancement of onshore technologies. The APAC region's diverse geography presents both opportunities and challenges. While some countries boast ideal wind resources and supportive regulatory environments, others face hurdles related to land availability, grid infrastructure, and financing. However, overcoming these challenges through targeted policy interventions and innovative financing solutions would further boost market growth. The consistent development of smarter grids and improved energy storage solutions will facilitate wider adoption of wind energy, further accelerating market expansion. A major driver of this continued growth will be the proactive government policies and supportive investment structures being enacted in many countries throughout the region. The significant economic potential of this industry will attract considerable private investment, which will accelerate growth throughout the region. Key drivers for this market are: 4., Increasing Investments in Offshore Wind Power Projects4.; Supportive Government Policies. Potential restraints include: 4., Increasing Adopting of Alternative Clean Energy Sources (Ex: Solar, Hydro). Notable trends are: Onshore Segment to Dominate the Market.

Japan Renewable Energy Market size was valued at USD 79.81 Billion in 2023 and is projected to reach USD 132.09 Billion by 2031, growing at a CAGR of 6.5% from 2024 to 2031.

Japan Renewable Energy Market: Definition/ Overview

Renewable energy is defined as energy obtained from naturally replenished resources such as solar, wind, hydropower, geothermal, and biomass. These sources offer sustainable alternatives to fossil fuels, thereby reducing greenhouse gas emissions and mitigating climate change. Renewable energy is widely used in electricity generation, heating, and transportation, providing power for households, businesses, and industries while encouraging environmental sustainability. As technology progresses and global demand for clean energy rises, the future of renewable energy looks bright, with more investment, advancements in energy storage, and the development of smart grids driving growth.

Offshore Wind Power Market Outlook

The global offshore wind power market size was valued at approximately USD 45 billion in 2023 and is projected to grow to an estimated USD 135 billion by 2032, reflecting a robust CAGR of 13.5% over the forecast period. This impressive growth trajectory can be attributed to a combination of technological advancements, supportive government policies, and increasing awareness about the environmental benefits of renewable energy sources.

One of the primary growth factors driving the offshore wind power market is the technological advancements in turbine design and efficiency. Innovations such as larger rotor diameters, floating wind turbines, and better grid integration have considerably reduced the cost per megawatt of offshore wind electricity, making it more competitive with traditional energy sources. These advancements also enhance the overall energy yield from offshore installations, thereby making investments in this sector more attractive to both private and public stakeholders.

Government policies and subsidies play a crucial role in the expansion of the offshore wind power market. Many countries have implemented favorable policies, tax incentives, and grants to promote the adoption of renewable energy. For instance, the European Union has set ambitious targets for reducing carbon emissions and increasing the share of renewable energy in its energy mix, thereby providing a strong impetus for the growth of the offshore wind sector. Similarly, nations like the United States and China are also investing heavily in offshore wind projects to diversify their energy portfolios and meet their environmental commitments.

Another significant growth driver is the increasing corporate and public awareness about the environmental benefits of offshore wind power. Unlike fossil fuels, offshore wind energy is a clean, inexhaustible resource that produces no greenhouse gas emissions during operation. This makes it an attractive option for companies looking to minimize their carbon footprint and for governments aiming to meet their climate goals. Additionally, the offshore wind sector is creating numerous job opportunities in areas such as manufacturing, installation, and maintenance, thereby offering socio-economic benefits as well.

Offshore Solar Farms are emerging as a complementary technology to offshore wind power, offering an innovative approach to harnessing renewable energy from the sea. These solar farms are designed to float on the ocean surface, capturing sunlight to generate electricity. The integration of offshore solar farms with wind power installations can maximize energy production by utilizing both wind and solar resources. This hybrid approach not only increases the overall energy yield but also enhances the reliability of renewable energy supply, as solar and wind resources often complement each other. Offshore solar farms can be particularly beneficial in regions with high solar irradiance and limited land availability, providing a sustainable solution to meet growing energy demands. As the technology matures, it is expected to play a significant role in the global transition to clean energy, contributing to the diversification of energy sources and the reduction of carbon emissions.

The regional outlook for the offshore wind power market is highly positive, with Europe leading the charge due to its well-established infrastructure and supportive regulatory framework. Asia Pacific is also emerging as a significant player, driven by substantial investments in countries like China, Japan, and South Korea. North America is catching up with new projects coming online, particularly in the United States, where individual states are setting ambitious offshore wind targets. Latin America and the Middle East & Africa are also exploring offshore wind potential, although they currently lag behind the more developed markets.

Component Analysis

The offshore wind power market is segmented by components into turbines, electrical infrastructure, substructures, and others. Turbines represent a significant portion of the market due to their critical role in converting wind energy into electricity. Modern offshore wind turbines are designed to be highly efficient and capable of operating in harsh marine environments. Companies are investing heavily in research and development to create larg

The Asia-Pacific large wind turbine market is experiencing robust growth, driven by increasing government support for renewable energy, the declining cost of wind energy technology, and a rising demand for cleaner energy sources across the region. The market's Compound Annual Growth Rate (CAGR) exceeding 3.50% indicates a significant upward trajectory, projected to continue through 2033. Key drivers include ambitious renewable energy targets set by several Asian nations, particularly India, China, and Japan, necessitating substantial investments in wind power infrastructure. Furthermore, technological advancements leading to larger, more efficient turbines are improving energy yields and reducing the levelized cost of energy (LCOE), making wind power increasingly competitive with traditional fossil fuel sources. While challenges remain, such as grid integration issues and land availability constraints in certain areas, the overall market outlook remains positive. The offshore wind segment is poised for particularly strong growth, fueled by government initiatives and advancements in offshore wind turbine technology, while onshore wind continues to dominate the market in terms of installed capacity. Competition among leading players like Vestas, Siemens Gamesa, GE, and Nordex, along with significant contributions from domestic manufacturers such as Suzlon (India) and Lianyungang Zhongfu (China), is fostering innovation and driving down costs. The Rest of Asia-Pacific region also demonstrates promising growth potential, driven by increasing energy demands and supportive government policies. The market segmentation reveals that onshore wind currently holds a larger market share compared to offshore wind in the Asia-Pacific region, although the latter is expected to witness accelerated growth in the forecast period. Within the geographical segments, China and India are leading the market, primarily due to their substantial renewable energy targets and massive investments in wind power infrastructure. Japan, despite being a smaller market compared to China and India, shows consistent growth driven by its focus on energy security and diversification. The "Rest of Asia-Pacific" segment presents considerable untapped potential, with several countries in Southeast Asia beginning to actively develop their wind power capabilities. The market's growth will depend on continuous technological improvements, supportive regulatory frameworks, efficient grid integration, and consistent investment in infrastructure. Effective management of environmental and social impacts associated with large-scale wind farm development will also play a crucial role in shaping the market's future trajectory. Recent developments include: In November 2022, Chinese CSSC Haizhuang plans to launch an 18 MW wind turbine with an impeller diameter of 827 feet (252 meters), the lightest per megawatt weight, and a 480-foot (146-meter) hub. According to the product's specifications, the turbine is equipped with a medium-speed gear transmission, easily disassembled and integrated features, and a permanent magnet generator., September 2022: Wei-Na and Wei-Long, two offshore wind projects with a combined capacity of 1.8 GW, are to be launched by Vena Energy, the top renewable energy business in Asia-Pacific, in order to compete in auctions for Taiwan Phase 3 Offshore Wind Zonal Development. Large wind turbines with a combined capacity of 14 MW to 20 MW are anticipated to be used in the two offshore wind projects.. Notable trends are: Offshore Wind Turbine to Witness a Significant Growth.

GlobalData’s renewable energy offering, “Wind Power Market Outlook in Japan to 2020 – Capacity, Generation, Major Power Plants, Market share of Equipment Manufacturers and Regulations” gives a view of Japan’s wind energy market and provides forecasts to 2020. This report includes information on wind installed capacity and generation. It provides information on key trends, market share analysis of key component manufacturers, profiles of major industry participants, information on major wind Power Plants(wind farms) and analysis of important deals. This, along with detailed information on the regulatory framework and key policies governing the industry, provides a comprehensive understanding of the market for wind power in the country. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts. Read More

In 2022, the electricity generated from offshore wind energy in Japan amounted to *** gigawatt hours. Figures increased compared to ** gigawatt hours in 2013, but remained at around the same level in recent years. Even though wind energy currently contributes only a small share of the overall energy supply in Japan, the offshore wind sector is expected to expand in the future. Current status of wind energy in Japan  Offshore wind energy is evolving with two main turbine types: bottom-fixed turbines in shallow waters and floating turbines in deeper waters. Floating turbines are advantageous, utilizing more space for wind energy, and being deployable in areas with consistent and powerful winds. In 2019, the Japanese government passed a bill granting companies the right to occupy the relevant marine areas for up to 30 years, promoting the installation of further wind power stations. In 2022, Japan ranked among the top five global players regarding offshore wind pipeline power capacity. This underlines the potential for an expansion of the industry. Future prospect of wind energy in Japan Japan's self-sufficiency rate from primary energy is currently limited to around ** percent, making it highly dependent on energy imports. Therefore, prioritizing renewable energy is among the top goals for the island nation to become more independent.The share of renewable energy in electricity production reached over ** percent in recent years. However, since Japan is a mountainous country, there is a lack of space for renewable power facilities. Despite offshore wind power being well suited to Japan's geographical condition of being surrounded by the sea, the government has less ambitious plans, aiming to add only about *** gigawatts by 2030 and ** to ** gigawatts by 2040. 

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Wind Power Systems Market Size 2024-2028

The wind power systems market size is forecast to increase by USD 40.8 billion at a CAGR of 5.5% between 2023 and 2028. The market is experiencing significant growth due to the increasing adoption of alternative energy sources to meet rising energy demand and reduce reliance on gas-based power. The global energy transition towards sustainable sources is driving market expansion. Among the various renewable energy sources, wind power is gaining immense popularity due to its ability to produce large-scale electricity with minimal environmental impact. Offshore wind turbines are gaining popularity due to their higher efficiency and production capacity. Solar power, while a strong competitor, cannot match the consistency and capacity of wind energy. Production costs are decreasing as technology advances, making wind power a more viable option for energy production. However, challenges such as intermittency and the need for large-scale infrastructure development persist. To stay competitive, market players must focus on innovation and cost reduction.

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The renewable energy sector has gained significant traction in the global energy market due to the increasing awareness of environmental pollution and the need for sustainable energy sources. Among all the renewable energy sources, wind power systems have emerged as a leading alternative to traditional gas-based energy. The current market scenario of wind power systems is driven by the rising energy demand and the need to reduce carbon emissions. According to industry analysis, the installed base of wind power capacity is expected to grow at a steady pace, with wind farms becoming a significant contributor to electricity needs.

Moreover, wind turbine technology has advanced significantly over the years, making wind power systems more efficient and cost-effective. Offshore wind turbines have gained popularity due to their ability to generate more power compared to onshore wind farms. The offshore wind capacity is projected to increase significantly in the coming years, with operational wind farms being established in various offshore areas. Digitalization and data analytics have transformed wind farm operations, enabling real-time monitoring and predictive maintenance. Energy storage solutions have also gained importance in the market to ensure a consistent power supply and improve overall system efficiency. The market is witnessing several trends, including the adoption of renewable energy sources, increasing focus on clean energy, and the integration of wind power systems with other energy sources.

Furthermore, the market is expected to grow at a steady pace due to these trends and the rising demand for sustainable energy sources. The market is expected to witness significant growth due to the following factors: Rising energy demand: The increasing energy demand and the need to reduce carbon emissions have led to a rise in the adoption of renewable energy sources, including wind power systems. Efficiency and production costs: Wind power systems have become more efficient and cost-effective, making them a viable alternative to traditional energy sources. Offshore wind farms: The establishment of offshore wind farms has enabled the generation of more power and reduced the dependence on fossil fuels.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Technology

  Wind turbine
  T and D
  Others


Geography

  APAC

    China
    Japan
    South Korea


  North America

    US


  Europe

    UK
    Italy


  Middle East and Africa



  South America

By Technology Insights

The wind turbine segment is estimated to witness significant growth during the forecast period. The market encompasses various components such as generators, transformers, shaft, power converters, gearboxes, rotor blades, towers, nacelles, and rotor hubs. The shift towards sustainable energy sources has fueled significant investments and interest in the development of renewable energy initiatives, particularly wind power. Wind energy projects come in various sizes, from onshore wind farms to offshore wind farms, with the former being more common due to lower costs and easier installation.

Furthermore, wind turbines have evolved over the years, with larger rotor diameters, increased rated output, and taller towers being employed to maximize energy yields. This trend has led to a substantial increase in wind power generation capacity over the past decade.

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The wind turbine segment accounted for USD 85.50

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Floating Wind Turbine Market Size 2024-2028

The floating wind turbine market size is forecast to increase by USD 7.2 billion at a CAGR of 80.08% between 2023 and 2028. The sustainable energy market is witnessing significant growth in the adoption of floating wind turbines due to several driving factors. Favorable government regulations encourage the construction of wind farms in offshore locations, leading to the expansion of the market. The decline in the levelized cost of energy (LCOE) for wind energy generation makes floating wind turbines a cost-effective solution for generating electricity, reducing greenhouse gas emissions and carbon footprint. However, competition from alternative renewable energy sources, such as solar and onshore wind, poses a challenge to the market's growth. To stay competitive, market players must focus on innovation and efficiency to reduce the LCOE of floating wind turbines and improve their performance in harsh oceanic conditions.

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Floating wind turbines have emerged as a promising solution to harness wind energy from deep and shallow waters, contributing significantly to the shift towards sustainable power sources. Wind energy, as a renewable and green alternative to fossil fuels, plays a crucial role in mitigating climate change and reducing carbon emissions. Wind Farms and Wind Energy: Wind farms, with their extensive installations of wind turbines, have become a cornerstone of the renewable energy sector. Floating wind turbines expand the reach of wind energy production to offshore sites, where traditional wind turbines cannot operate.

Moreover, these turbines offer an effective solution for energy generation in deep water areas, reducing dependence on fossil fuels and contributing to sustainable energy consumption. Renewable Energy and Green Energy: The global focus on renewable electricity generation and green energy sources has intensified in recent years. Floating wind turbines provide a viable option for meeting the increasing demand for electricity consumption while reducing the carbon footprint. By utilizing wind energy from deep and shallow waters, these turbines contribute to the reduction of greenhouse gases and the overall decrease in carbon emissions. Foundation Technologies: Two primary foundation technologies are employed in floating wind turbine installations: spar-buoy foundations and tension-leg platform (TLP) foundations.

Furthermore, three buoy foundations use a vertical buoy to support the turbine, while TLP foundations use a series of tensioned cables to secure the turbine to the seabed. Semi-submersible foundations are also used in some cases. Each foundation technology offers unique advantages depending on the water depth and site conditions. Deep Water and Shallow Water: Floating wind turbines are designed to operate in both deep and shallow waters. Deep water installations offer higher wind speeds and potential energy output, while shallow water sites may have lower installation costs and easier access for maintenance. Floating wind turbines provide a flexible solution for wind energy production in various water depths, expanding the reach of renewable energy sources.

Moreover, the energy Costs and Sustainable Energy: As energy costs continue to rise and the importance of sustainable energy becomes increasingly apparent, floating wind turbines offer a cost-effective and eco-friendly solution. These turbines enable the expansion of wind energy production to offshore sites, reducing reliance on fossil fuels and contributing to a more sustainable energy mix. Conclusion: Floating wind turbines represent a significant advancement in the renewable energy sector, offering a flexible and effective solution for harnessing wind energy from deep and shallow waters. By reducing dependence on fossil fuels and contributing to the reduction of greenhouse gases, these turbines play a crucial role in mitigating climate change and promoting sustainable energy consumption.

Similarly, the ongoing advancements in floating wind turbine technology promise a promising future for this innovative energy source.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Capacity

  Large-scale
  Medium-scale
  Small-scale


Type

  Semi-submersible
  Spar-buoy
  Others


Geography

  Europe

    UK
    France
    Norway


  Asia

    Japan


  North America



  Rest of World (ROW)

By Capacity Insights

The large-scale segment is estimated to witness significant growth during the forecast period. The market encompasses the production and deployment of wind turbines that are not fixed to the seabed but instead, float on the water surface. These innovative renewable ener

Some of the Recent Competitor Trends and Key Information About Competitors Include: The Australian offshore wind energy market is relatively nascent but rapidly evolving, with key players leading project developments and technology innovation. The market includes a mix of established global energy companies and emerging local developers. Companies such asBlueFloat Energy, Oceanex Energy, Macquarie Green Investment Group, Iberdrola, and Copenhagen Offshore Partnershave been pivotal in driving growth and advancing the industry. Competitive Landscape in Australia Offshore Wind Energy Market