Onshore Wind Energy Market Size & Share, By Component (Turbine, Support Structure, Electrical Infrastructure), Turbine Rating (≤ 2 MW, >2 to 5 MW, >5 to 8 MW, >8 to 10 MW, >10 to 12 MW, > 12 MW) - Growth Trends, Regional Insights (U.S., Japan, South Korea, UK, Germany), Competitive Positioning, Global Forecast Report 2025-2034

Market Outlook:

Onshore Wind Energy Market size is predicted to reach USD 88.79 Billion by 2034, up from USD 109.86 Billion in 2024, reflecting a CAGR of over 10.4% during the forecast period from 2025 to 2034. The industry revenue for 2025 is projected to be USD 120.04 billion.

• Base Year Value (2024): USD 109.86 Billion
• CAGR (2025-2034): 10.4%
• Forecast Year Value (2034): USD 88.79 Billion
• Historical Data Period: 2021-2024
• Largest Region: Asia Pacific
• Forecast Period: 2025-2034

Market Dynamics:

Growth Drivers & Opportunities

The onshore wind energy market is experiencing significant growth, driven primarily by the increasing demand for renewable energy sources in response to climate change and energy security concerns. Governments and regulatory bodies worldwide are setting ambitious renewable energy targets, pushing for a transition away from fossil fuels. This shift is propelling investments in wind energy infrastructure, including the construction of new wind farms and upgrades to existing facilities. Technological advancements in turbine design and efficiency are also major growth drivers, enabling the generation of more electricity from smaller land areas. Enhanced turbine performance reduces the cost of energy production, making onshore wind more competitive with traditional energy sources.

Additionally, the rising awareness of environmental sustainability is opening up new opportunities for collaborative ventures among private and public sectors. Corporations aiming to reduce their carbon footprint are increasingly entering power purchase agreements with wind energy suppliers. This reflects a broader trend where businesses are aligning their operations with sustainable practices, further boosting the market. The integration of energy storage technologies with onshore wind arrangements presents another promising avenue for growth, enabling more reliable energy supply and consumption patterns.

Report Scope

Report Coverage	Details
Segments Covered	Turbine Rating, Component
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	CRRC, CSSC Haizhuang Wind Power, Envision Group, Goldwind, GE Vernova, Iberdrola, Nordex, Siemens Gamesa Renewable Energy, United Power, Vestas, Windey Energy Technology Group

Industry Restraints:

Despite the positive outlook, the onshore wind energy market faces several challenges that could hinder its growth. One major restraint is the intermittency of wind energy production. Variability in wind speed affects the reliability of energy generation, which presents difficulties in meeting consistent energy demand. This intermittency can lead to increased reliance on supplementary energy sources, reducing the overall efficiency of wind energy systems. Moreover, the integration of wind power into existing power grids often requires significant upgrades to infrastructure, which can be both costly and time-consuming.

Regulatory hurdles also pose challenges for the industry. The process of obtaining permits for new wind farms can be lengthy and complex, often involving various environmental assessments and public consultations. Community opposition to wind installations may arise due to concerns about noise, aesthetic impacts, and wildlife disruption. Furthermore, financing for wind projects depends heavily on policy support, including tax incentives and grants. The reduction or removal of such support could adversely affect the market's attractiveness to investors, thereby limiting growth potential.

Regional Forecast:

North America

The onshore wind energy market in North America is primarily driven by the United States, which holds a dominant position in wind energy capacity. The U.S. benefits from a robust regulatory framework, financial incentives, and significant investments in technological advancements. Texas remains the largest state in terms of installed capacity, complemented by growing contributions from states like Iowa and California. Canada is experiencing increasing demand for renewable energy, particularly in provinces such as Ontario and Alberta, which focus on diversifying their energy sources. The emphasis on reducing greenhouse gas emissions and achieving sustainability goals is propelling both nations toward expanding their onshore wind markets, with initiatives fostering local job creation and innovation.

Asia Pacific

Asia Pacific is witnessing rapid growth in the onshore wind energy sector, with China leading the charge as the world’s largest wind energy producer. The Chinese government has implemented aggressive policies to enhance renewable energy development, and provinces such as Inner Mongolia and Jiangsu are expected to remain at the forefront of capacity installation. Japan and South Korea are also significant players, focusing on expanding their wind energy infrastructure as part of broader strategies to transition away from fossil fuels. In Japan, the regional governments are incentivizing investments in offshore and onshore wind projects, while South Korea is embracing technological innovation and partnerships to enhance its renewable energy capabilities, thus marking itself as a growing market in the renewable landscape.

Europe

In Europe, the onshore wind energy market is characterized by robust growth and innovation, with countries like Germany, the UK, and France leading in installed capacity and technological advancements. Germany remains a pioneer in wind energy, driven by comprehensive policy support and a strong commitment to the Energiewende initiative. The UK has significantly increased its onshore capacity, and regions such as Scotland are making notable contributions, bolstered by favorable government policies and community engagement. France, while initially lagging, is rising steadily through supportive frameworks and investment in renewable energy projects. The European Union's commitment to sustainability and carbon neutrality provides a solid backdrop for continued expansion across the region, encouraging further investments in wind energy development.

Segmentation Analysis:

In terms of segmentation, the global Onshore Wind Energy market is analyzed on the basis of Turbine Rating, Component.

Turbine Rating

The turbine rating segment of the onshore wind energy market is a critical area of focus, as it directly impacts energy output, efficiency, and project economics. Turbines are typically categorized by their capacity, often segmented into low, medium, and high-rated turbines. Low-rated turbines, generally up to 1.5 MW, tend to be used in locations with lower wind speeds, while medium-rated turbines, ranging from 2 MW to 3 MW, are increasingly popular due to their balance of efficiency and reliability. High-rated turbines, exceeding 3 MW, are expected to dominate the market as technology advances, particularly in areas with robust wind potential. This sub-segment is anticipated to witness the fastest growth due to increasing investments in larger, more efficient turbine models that can harness higher energy yields and contribute to economies of scale in wind energy generation.

Component

The component segment of the onshore wind energy market encompasses various critical parts of wind energy systems, including blades, gearboxes, generators, and towers. Each component plays a vital role in the overall performance and reliability of wind turbines. Blades are particularly significant, as advances in materials and design continue to enhance their efficiency and durability, making them one of the fastest-growing sub-segments. Gearboxes also remain essential, with rising demand for direct-drive technology expected to reduce maintenance costs and increase reliability. Generators, especially those that utilize permanent magnet technology, are gaining traction due to their higher efficiency and lower operational costs. In terms of towers, innovations in height and materials are allowing for greater energy capture and overall plant efficiency. With the continuous evolution of these components driven by technological advancements, the component segment of the onshore wind energy market is set to expand significantly, particularly in sub-segments related to efficiency improvements and operational cost reductions.

Competitive Landscape:

The competitive landscape in the Onshore Wind Energy Market is characterized by a mix of established industry leaders and emerging players vying for market share as the global demand for renewable energy continues to rise. Companies are focusing on technological advancements, improving turbine efficiency, and reducing costs to enhance their competitive edge. Strategic partnerships, mergers and acquisitions, and geographic expansion play pivotal roles in strengthening their market presence. The increasing emphasis on sustainability and government incentives for green energy projects are driving competition, leading to innovation in turbine design and project implementation strategies. As the market evolves, companies must navigate regulatory frameworks and manage supply chain complexities while addressing environmental concerns to achieve long-term success.

Top Market Players

Vestas Wind Systems

Siemens Gamesa Renewable Energy

GE Renewable Energy

Nordex

Goldwind

Envision Energy

Siemens Energy

Ørsted

Mingyang Smart Energy

EDP Renewables