****** was the leading wind turbine manufacturer based on production capacity in 2022, with roughly ** gigawatts or a ** percent share of the global manufacturing capacity. ******** and **************** followed with a production capacity share of ** and ** percent, respectively.

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Wind Turbine Market Size and Trends

The wind turbine market size is forecast to increase by USD 47.9 million at a CAGR of 9.3% between 2023 and 2028. The market is experiencing significant growth due to the increasing emphasis on clean energy and reducing carbon footprint in response to climate change. Wind turbines have emerged as an efficient and economical renewable energy resource, providing electricity generation that reduces reliance on fossil fuels and associated carbon dioxide emissions. Government initiatives to promote the use of renewable energy and improve air quality are driving market growth. Additionally, wind energy production offers agricultural income through land lease agreements and the potential for co-location with farming operations. This trend is expected to continue as the world transitions to a more sustainable energy future. Keywords: wind turbines, climate change, electricity generation, fossil fuels, carbon dioxide emissions, clean energy, air quality, public health, agricultural income.

Market Overview

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Wind turbines have emerged as a crucial component in the global shift towards clean energy and reducing carbon footprint. With the increasing awareness of the negative impacts of fossil fuels on climate change, air quality, and public health, the demand for renewable energy sources, including wind power, has been on the rise. Wind turbines play a significant role in electricity generation, contributing to the reduction of carbon dioxide emissions. The use of wind turbines not only benefits the environment but also offers economic advantages. For instance, landowners can earn income by leasing their land for wind farm installations. Moreover, wind energy is an excellent option for off-grid power, providing electricity to remote areas where traditional power sources are not readily available. The wind power market in the US is expected to grow significantly in the coming years.

Furthermore, the transition to wind power and other renewable energy sources is essential for reducing our reliance on fossil fuels and mitigating the negative impacts on the environment and public health. Wind turbines offer a viable solution for electricity generation, with the added benefits of energy efficiency, economic opportunities, and a reduced carbon footprint. In conclusion, wind turbines are a crucial component in the transition to a cleaner and more sustainable energy future. With the growing demand for renewable energy sources and the increasing awareness of the negative impacts of fossil fuels, the wind turbine market is poised for significant growth in the US and beyond.

Market Segmentation

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

Type

  Onshore
  Offshore


Geography

  APAC

    China
    India


  Europe

    Germany
    Spain


  North America

    US


  Middle East and Africa



  South America

By Type Insights

The onshore segment is estimated to witness significant growth during the forecast period. The wind turbine market is experiencing significant growth due to the global push towards clean energy and reducing carbon footprint in electricity generation. Onshore wind turbines accounted for the largest share of the global market in 2023, with steady growth anticipated compared to offshore wind farms.

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The metallurgical segment was the largest and valued at USD 44.40 million in 2018. Real-time wind turbine monitoring systems, which optimize performance and efficiency, are gaining popularity in onshore applications due to their ease of implementation. APAC is expected to dominate the onshore wind power generation sector due to favorable regulations. By adopting wind turbines, countries can reduce their reliance on fossil fuels, decrease carbon dioxide emissions, improve air quality, and enhance public health. Investing in wind turbines is an excellent agricultural income source, making it an attractive option for farmers and rural communities.

Regional Analysis

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Europe is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The Asia Pacific (APAC) region is experiencing a surge in energy demand due to population growth and improving living standards. In response, there is a heightened focus on renewable energy sources, particularly wind energy, for power generation. China and India are anticipated to dominate the installation of wind turbines in th

In 2022, Chinese wind turbine manufacturer Goldwind had a global market share of around **** percent. This was followed by Envision at **** percent that year. Wind energy worldwideWind power is generated when kinetic energy from wind is converted into mechanical power or electricity. There are two basic wind turbine groups, one with a horizontal axis and one with a vertical axis. Horizontal turbines have two or three blades and operate with their blades facing the wind. Single small turbines can be used for homes, telecommunications dishes, or water pumping. They can also be connected to batteries, solar photovoltaic systems, and diesel generators which are typically used in regions without utility-grid connections. Global wind turbine manufacturers In 2022, Vestas accounted for **** percent of the world’s market share for wind turbines, while Siemens Gamesa had a market share of *** percent. Vestas generated a revenue of **** billion euros in 2023, an increase of almost one billion euros from the previous year. The Danish company has turbines installed in over 70 countries and recently merged its offshore business with Mitsubishi Heavy Industries to form MHI-Vestas. Large offshore wind installations have become increasingly popular around the world.

Prices for Wind Energy Index including live quotes, historical charts and news. Wind Energy Index was last updated by Trading Economics this August 18 of 2025.

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.

Wind Energy Index rose to 18.63 USD on August 15, 2025, up 1.36% from the previous day. Over the past month, Wind Energy Index's price has risen 0.32%, and is up 10.30% compared to the same time last year, 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.

Small Wind Power Market size is expected to be worth around USD 37.6 Bn by 2034, from USD 12.1 Bn in 2024, growing at a CAGR of 12.0%

The 3kW Small Wind Turbine market is poised for significant growth, with a projected CAGR of 13.6% during the forecast period (2023-2033). This growth is primarily driven by increasing energy demand, rising concerns over global warming, and the need for sustainable energy sources. The market is expected to reach a market size of $174.5 million by 2033. Key market trends include the increasing installation of off-grid systems in remote areas, technological advancements such as the development of vertical axis wind turbines, and government incentives and subsidies to promote the adoption of renewable energy. The market is expected to be dominated by North America and Europe, followed by Asia Pacific. Key players in the market include SD Wind Energy, Ryse Energy, Makemu (Energy) Srl, RIAMWIND, Ropatec, XZERES, and ZONHAN, among others.

The floating wind turbine market size is expected to grow from USD 1.09 billion to USD 21.56 billion, registering a CAGR of more than 25.3% during the forecast timeline, between 2025 and 2037. Europe industry is projected to account for the largest share of about 38% during the forecast period. This growth can be attributed to the presence of a large number of offshore wind farms in several countries, such as Denmark, Norway, the UK, and Russia, along with high untapped potential in the region

The Offshore Wind Turbine Market Report is Segmented by Location (shallow Water and Deepwater), Foundation Type (fixed Foundation and Floating Foundation), Capacity (less Than 5 MW and Above 5 MW), and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The Report Offers the Market Size and Forecasts for Offshore Wind Turbines in Revenue (USD) for all the Above Segments.

Wind Turbine Scrap Market is projected to reach USD 8.0 Billion by 2034, with a 8.9% CAGR from 2025 to 2034.

This statistic presents the leading wind turbine original equipment manufacturers (OEMs) in the global market as of 2019, based on market share. During this year, the Danish company, Vestas, held a market share of **** percent. Global wind turbine manufacturers – additional information

Wind companies in China are dominating the global wind power market. In 2018, the Chinese wind turbine supplier, Goldwind, held about **** percent of the market, while Denmark’s Vestas held about **** percent of the global market share. Goldwind is headquartered in Urumqi, Xinjiang but also employs people all over Asia, Europe, and the Americas. Founded in 1998, Goldwind has quickly expanded into the global market, receiving some **** megawatts of commissioned capacity globally in 2019. Pressure from the Chinese market has prompted wind turbine manufacturers from regions outside of China to increase M&A (merge and acquisition) activities, such as the 2015 merger between Germany’s Nordex and Spain’s Acciona Windpower.

As of 2015, almost ** percent of globally installed wind energy capacity is located in China and about ** percent in the United States. Wind energy installations from Chinese companies remain largely within their home markets, while other companies like Vestas, GE Wind, and Gamesa dominate international markets. For example, Gamesa dominated the wind energy market in the Middle East in 2014, accounting for over half of the region’s market share . Chinese companies are expected to increase competition outside of their home market in the near future, driven by beneficial government incentives and subsidies.

The global Wind Turbine Software market is valued at USD 1.5 billion in 2022 and is expected to reach USD 2.6 billion by 2030, exhibiting a CAGR of 7.2% during the forecast period. The rising demand for renewable energy sources, increasing investments in wind energy projects, and technological advancements in wind turbine software are the key factors driving market growth. Onshore wind turbines dominate the market, while simulation software is the most widely adopted type. The market is fragmented, with a few major players and several smaller companies. Prominent players include DNV, Ansys, ESI Group, ETAP, GreenGate, Siemens Digital Industries Software, Bentley Systems, Simis, PowerCon Embedded, Emerson, GE, UL Solutions, Convergent Science, ONYX Insight, CloudVisit, EMD International, and Scopito. Key trends include the adoption of cloud-based solutions, the integration of artificial intelligence, and the development of software for offshore wind turbines. The Asia Pacific region is expected to witness the highest growth during the forecast period due to the increasing adoption of renewable energy in countries like China and India. Europe is another significant market, followed by North America. The Middle East and Africa and South America regions are expected to grow at a steady pace due to the growing demand for energy and the availability of wind resources.

The Latin America Wind Turbine Market is segmented by Location of Deployment (Onshore, and Offshore), and Geography (Brazil, Mexico, Chile, Uruguay, Rest of Latin America).

The Report Covers Onshore Wind Farms in Sweden and the market is segmented by Location of Deployment (Onshore and Offshore). The market size and forecasts are provided in terms of installed capacity (GW) for all the above segments.

The Wind Turbine Market Research Report is Segmented by Location of Deployment (Onshore and Offshore), Capacity (Small, Medium, and Large), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report PDF Offers the Installed Capacity, Wind Turbine Market Share, Forecasts, and Price Trend in GW for all the Above-Mentioned Segments.

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Onshore Wind Power Systems Market Size 2024-2028

The onshore wind power systems market size is forecast to increase by USD 35.6 billion at a CAGR of 5.11% between 2023 and 2028.

The market is experiencing significant growth, driven by key factors such as the increasing height and capacity of wind towers. This trend is leading to more efficient energy production and reduced operational costs. Another major trend is the digitalization and remote monitoring of wind farms, enabling real-time data analysis and predictive maintenance. However, challenges persist In the form of limited land availability and the need to identify suitable sites for wind farm development. Addressing these challenges will be crucial for the continued expansion of the market. The market analysis report provides a comprehensive assessment of these trends and challenges, offering valuable insights for stakeholders and industry participants.

What will be the Size of the Onshore Wind Power Systems Market During the Forecast Period?

Request Free SampleThe market is experiencing robust growth, driven by the global shift towards renewable energy sources and the increasing demand for electric power. According to recent studies, the market is expected to witness significant expansion due to advancements in wind energy technology, including larger wind turbines and digitalization. The integration of wind energy into traditional energy grids is also a key trend, as the industry seeks to enhance system stability and grid connectivity. Wind energy is increasingly competing with traditional energy sources, such as oil and gas, and is gaining favor due to its environmental benefits and decreasing costs. However, challenges remain, including aviation safety concerns and the need for reliable data and peak power management.Remote monitoring and power storage solutions, as well as demand and frequency response, are becoming increasingly important to ensure grid stability and optimize energy production. Community-owned wind farms and decentralized wind energy systems are also gaining popularity, providing opportunities for local energy production and distribution. Major players In the market include Envision Energy, Vestas Wind Systems, Enercon GmbH, Mitsubishi Power Systems, Repower, and others. As the market continues to evolve, comprehensive data and reliable information will be essential for stakeholders to make informed decisions and stay competitive.

How is this Onshore Wind Power Systems Industry segmented and which is the largest segment?

The onshore wind power systems industry 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. TechnologyWind turbineT and DOthersEnd-userElectric powerRenewable energyOil and gasAviationOthersGeographyAPACChinaNorth AmericaUSEuropeGermanyFranceSouth AmericaBrazilMiddle East and Africa

By Technology Insights

The wind turbine segment is estimated to witness significant growth during the forecast period.

Wind power systems, specifically onshore wind turbines, are a vital component of the renewable energy sector. These systems utilize wind energy to generate electricity, harnessing the power of the wind through the use of turbines. The primary components of a wind turbine include the mast, nacelle, rotor blades, gearbox, and generator. The mast, ranging in length based on the turbine's power, supports the rotor and nacelle. The rotor, typically consisting of three blades, spins due to the air pressure difference, generating kinetic energy. The rotor is connected to the generator, either directly or via a gearbox, increasing the rotational speed.Wind energy is a clean, sustainable alternative to traditional oil and gas sources, and is increasingly being integrated into the electric power grid. Advancements in technology, such as digitalization, remote monitoring, and peak power management, are enhancing the efficiency and reliability of wind energy systems. Additionally, community-owned wind farms and hybrid power systems are gaining popularity, expanding the market's reach. The wind power market is witnessing new product launches, contractual agreements, and competitive insights, driven by the increasing demand for electricity generation and the need for grid connectivity. Wind energy is a promising solution for meeting peak power demand, especially during high, medium, and low wind speed conditions.Wind capacity continues to grow, with on-grid and off-grid applications, and the integration of power storage, demand response, frequency response, and system stability solutions.

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The Wind turbine segment was valued at USD 75.80 billion in 2018 and sho

The report covers APAC Top Wind Turbine Manufacturers and the market is Segmented by Location (Onshore and Offshore) and Geography (China, India, Japan, South Korea, Australia, and the Rest of Asia-Pacific). The installed capacity and forecasts for Asia-Pacific Wind Power Market are provided in gigawatts (GW) for all the above segments.

Global Wind Turbine Market is anticipated to experience remarkable expansion, with a projected Compound Annual Growth Rate (CAGR) of 6.79% from 2025 to 2033. According to the market analysis, the market size is forecasted to reach USD 250.25 Billion by the end of 2033, up from USD 138.55 Billion in 2024.

The Global Wind Turbine market size to cross USD 250.25 Billion by 2033. [https://edison.valu

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