Wind energy sources accounted for nearly eight percent of electricity generation worldwide in 2023, up from a 7.3 percent share a year earlier. This was over double the share compared to 2015 values, the year Paris Agreement was adopted.

Prices for Wind Energy Index including live quotes, historical charts and news. Wind Energy Index was last updated by Trading Economics this March 27 of 2025.

In 2021, Iowa was the U.S. state with the largest share of wind power in the electricity generation mix. That year, wind accounted for over 55 percent of the state's power generation. South Dakota and Kansas followed, with a share of 52.3 and 45.2 percent, respectively.

The global wind energy market size reached US$ 89.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 164.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.8% during 2024-2032. The increasing demand for renewable energy sources, the increasing implementations of favorable policies and incentives, such as tax credits, subsidies, and feed-in tariffs, in stringent manner, and the development of energy storage technologies represent some of the key factors driving the market toward growth

Wind Energy Index increased 0.79 USD or 5.34% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Wind Energy Index.

The wind power market size is projected to grow from USD 115.3 billion in the current year to USD 361.2 billion by 2035, representing a CAGR of 10.93%, during the forecast period till 2035.

About 53.4 percent of Denmark’s total electricity consumption was covered by wind power in 2023. The highest coverage share seen during the period from 2009 to 2023 was seen in 2022 and 2023. The production of wind power between 2021 and 2022 rose by more than 18 percent. Wind power farms in Denmark  The largest part of Denmark’s wind power was produced from onshore wind turbines in 2023. That is not so surprising, since around 6,326 of Denmark’s total 6,974 active wind power turbines were onshore. The production from onshore wind farms was around 11 terawatt hours in 2023, and the production from offshore wind turbines amounted to 8.6 terawatt hours. Vestas Wind Systems A/S The Danish wind turbine company Vestas Wind Systems A/S is a key player when it comes to wind power companies. It was, in terms of revenues, the leading wind power company in Denmark as of July 2019. The company was founded in 1945 and operates today globally with wind turbine manufacturing, installation and service. As of July 2019, the company made revenues of around 75.7 billion Danish kroner.

The United States Wind Energy Market Report is Segmented by Location (Onshore and Offshore). The Report Offers Market Sizes and Forecasts in Terms of Installed Capacity (GW) for all the Above Segments.

The Wind Power Market Report is Segmented by Location (Onshore and Offshore) and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers the Market Size and Forecasts for Wind Power in Installed Capacity (GW) for all the Above Segments.

European Wind Power Gross Available Energy Share by Country (Gigawatthours), 2023 Discover more data with ReportLinker!

This table expresses the use of renewable energy as gross final consumption of energy. Figures are presented in an absolute way, as well as related to the total energy use in the Netherlands. The total gross final energy consumption in the Netherlands (the denominator used to calculate the percentage of renewable energy per ‘Energy sources and techniques’) can be found in the table as ‘Total, including non-renewables’ and Energy application ‘Total’. The gross final energy consumption for the energy applications ‘Electricity’ and ‘Heat’ are also available. With these figures the percentages of the different energy sources and applications can be calculated; these values are not available in this table. The gross final energy consumption for ‘Transport’ is not available because of the complexity to calculate this. More information on this can be found in the yearly publication ‘Hernieuwbare energie in Nederland’.

Renewable energy is energy from wind, hydro power, the sun, the earth, heat from outdoor air and biomass. This is energy from natural processes that is replenished constantly.

The figures are broken down into energy source/technique and into energy application (electricity, heat and transport).

This table focuses on the share of renewable energy according to the EU Renewable Energy Directive. Under this directive, countries can apply an administrative transfer by purchasing renewable energy from countries that have consumed more renewable energy than the agreed target. For 2020, the Netherlands has implemented such a transfer by purchasing renewable energy from Denmark. This transfer has been made visible in this table as a separate energy source/technique and two totals are included; a total with statistical transfer and a total without statistical transfer.

Figures for 2020 and before were calculated based on RED I; in accordance with Eurostat these figures will not be modified anymore. Inconsistencies with other tables undergoing updates may occur.

Data available from: 1990

Status of the figures: This table contains definite figures up to and including 2022 and figures of 2023 are revised provisional figures.

Changes as of January 2025 Renewable cooling has been added as Energy source and technique from 2021 onwards, in accordance with RED II. Figures for 2020 and earlier follow RED I definitions, renewable cooling isn’t a part of these definitions.
The energy application “Heat” has been renamed to “Heating and cooling”, in accordance with RED II definitions. RED II is the current Renewable Energy Directive which entered into force in 2021

Changes as of November 15th 2024 Figures for 2021-2023 have been adjusted. 2022 is now definitive, 2023 stays revised provisional. Because of new insights for windmills regarding own electricity use and capacity, figures on 2021 have been revised.

Changes as of March 2024: Figures of the total energy applications of biogas, co-digestion of manure and other biogas have been restored for 2021 and 2022. The final energy consumption of non-compliant biogas (according to RED II) was wrongly included in the total final consumption of these types of biogas. Figures of total biogas, total biomass and total renewable energy were not influenced by this and therefore not adjusted.

When will new figures be published? Provisional figures on the gross final consumption of renewable energy in broad outlines for the previous year are published each year in June. Revised provisional figures for the previous year appear each year in June.

In November all figures on the consumption of renewable energy in the previous year will be published. These figures remain revised provisional, definite figures appear in November two years after the reporting year. Most important (expected) changes between revised provisional figures in November and definite figures a year later are the figures on solar photovoltaic energy. The figures on the share of total energy consumption in the Netherlands could also still be changed by the availability of adjusted figures on total energy consumption.

The Brazil wind energy market is segmented by Location of Deployment (Onshore, and Offshore). The report offers the installed capacity and forecasts for Brazil wind energy market in GigaWatts (GW) for all the above segments.

The Global Wind Energy Market size was valued at USD 99.80 Billion in 2019 and is forecasted to reach USD 167.15 Billion by 2027 at a CAGR of 7.1%. The market is mainly driven by the increasing adoption of renewable energy sources, such as wind and solar energy.

European Wind Energy Generation Share by Country (Terawatthours), 2023 Discover more data with ReportLinker!

[224+ Pages Report] The global renewable energy market size is expected to grow from USD 1049.33 billion in 2023 to USD 2204.47 billion by 2032, at a CAGR of 8.61% from 2024-2032

According to Cognitive Market Research, the global Onshore Wind Energy market size will be USD 52654.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 21061.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 15796.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 12110.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 2632.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1053.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
The Utilities category is the fastest growing segment of the Onshore Wind Energy industry

Market Dynamics of Onshore Wind Energy Market

Key Drivers for Onshore Wind Energy Market

Supportive policies, tax incentives, and renewable energy to Boost Market Growth

Supportive policies, tax incentives, and renewable energy targets are pivotal drivers of the onshore wind energy market. Governments worldwide are implementing policies and offering financial incentives such as tax credits, grants, and subsidies to promote renewable energy adoption. These measures reduce the financial burden of wind energy projects, making them more attractive to investors and developers. Renewable energy targets set by governments further encourage the growth of wind energy by creating a stable and predictable market environment. Such policies not only help in reducing greenhouse gas emissions but also contribute to energy security and economic growth. By fostering a supportive regulatory framework, these incentives accelerate the development and deployment of onshore wind energy infrastructure. For instance, in April 2024 Mahindra Group, a diverse conglomerate involved in industries from technology to tractor manufacturing, revealed plans to invest INR 12 billion (USD 144 million) in solar and wind energy projects. These renewable initiatives, expected to have a hybrid capacity of 150 megawatts (MW), will likely be developed by Mahindra Susten, the group's renewable energy arm.

Growing awareness and regulations to Drive Market Growth

Growing awareness of climate change and environmental issues is significantly driving the onshore wind energy market. As public concern about carbon emissions and global warming increases, there is a stronger push for cleaner, renewable energy sources. This heightened awareness drives demand for wind energy as a sustainable alternative to fossil fuels. Concurrently, stringent regulations and international agreements aimed at reducing greenhouse gas emissions compel governments and businesses to invest in renewable energy solutions. These regulations often include emissions reduction targets and renewable energy mandates, creating a favorable environment for wind energy development. Together, the increased public awareness and regulatory pressure enhance market growth by promoting the adoption of onshore wind energy as a viable and eco-friendly solution.

Restraint Factor for the Onshore Wind Energy Market

High Initial Costs will Limit Market Growth

High initial costs are a significant restraint on the onshore wind energy market. The upfront investment required for wind turbine installation, land acquisition, and infrastructure development is substantial, which can deter potential investors and developers. These costs include purchasing and transporting large turbines, constructing access roads, and developing transmission infrastructure. While long-term operational costs may be lower compared to fossil fuels, the high initial capital can pose financial risks, particularly for smaller companies or developing countries with limited budgets. This financial barrier can delay project initiation and slow market growth, as investors may seek less capital-intensive alternatives or face challenges in securing financing for large-sc...

The global wind power solutions market is projected to reach $248.5 billion by 2033, exhibiting a CAGR of 8.4% from 2025 to 2033. The surging demand for renewable energy sources, coupled with government incentives and investments in wind power projects, drives market growth. Furthermore, technological advancements in wind turbine design and the increasing integration of wind energy into power grids contribute to the market's expansion. Key market segments include applications (onshore and offshore) and types (fixed-speed and variable-speed). Geographically, Asia-Pacific holds a dominant position, with China leading the market due to its extensive investments in renewable energy and supportive policies. Other key regions include North America and Europe, which have well-established wind power industries and ambitious targets for renewable energy adoption. Leading companies in the market include ZTT, GE Renewable Energy, ABB, Toshiba Energy Systems and Solutions, and Schneider Electric, among others.

The Report Covers Ireland Wind Energy Adoption Trends and Market Companies and is Segmented by Location of Deployment (Onshore and Offshore). The report offers the installed capacity and forecasts for the market in gigawatts (GW) for the above segments.

This statistic shows the distribution of the installed wind energy capacity globally in 2015, by major countries. That year, China held a share of approximately 39.7 percent of the global installed wind power capacity. China lead in the manufacture and deployment of wind turbines in 2015.

Wind energy – additional information The term wind energy or wind power describes the process of using wind to generate mechanical power or electricity. Electricity from wind turbines is fed into a utility grid and distributed to customers. Wind power is a technology based on renewable resources that has minimal undesired environmental impacts like those from fossil fuels or nuclear energy. Alternative fuels are considered to be clean sources as they produce significantly less greenhouse gas emissions during their operations. Energy produced from wind generates no direct greenhouse gas and is therefore, considered an environmentally friendly alternative. Other well-known alternative fuels include biomass, solar electricity or hydropower.

Wind power is currently considered one of the fastest growing sources of electricity production in the world. The newly installed wind power capacity throughout the world reached approximately 63 gigawatts in 2015. The wind power industry is basically comprised of two segments: onshore and offshore wind power. Land- based wind energy is currently one of the most affordable renewable energy sources worldwide. According to the Citigroup holding company, onshore wind installations are expected to reach approximately 60 gigawatts around the world by 2020. Compared to land-based wind energy, offshore wind energy refers to the energy generated by wind turbines deployed in the ocean. Globally, new offshore wind capacity installations totaled 1,589 megawatts in 2014. Despite the environmental benefits from wind power energy generations, wind turbines have been criticized for their appearance as they tend to be more spread out and impact a large area.

Forecast: Total Renewable Energy Share in the Total Final Energy Consumption in China 2023 - 2027 Discover more data with ReportLinker!