Global Onshore Wind Energy Market Overview:
As per MRFR analysis, the Onshore Wind Energy Market Size was estimated at 123.86 (USD Billion) in 2023. The Onshore Wind Energy Market Industry is expected to grow from 131.33 (USD Billion) in 2024 to 250 (USD Billion) by 2035. The Onshore Wind Energy Market CAGR (growth rate) is expected to be around 6.03% during the forecast period (2025 - 2035).
Key Onshore Wind Energy Market Trends Highlighted
The Onshore Wind Energy Market is experiencing significant growth due to several key market drivers, such as the need for sustainable energy solutions and the decline in wind energy costs. Governments are increasingly investing in renewable energy sources to meet climate goals and reduce greenhouse gas emissions, leading to favorable policies and incentives for wind energy development. This strong regulatory support is driving the deployment of new onshore wind projects globally. Emerging technologies and innovations are opening up opportunities to be explored in the sector. Advancements in turbine design and materials have made it possible to generate more energy from wind with greater efficiency, leading to enhanced energy output.
Furthermore, the advent of digital tools such as remote supervision and predictive maintenance is enhancing operational efficiency and minimizing expenses. Such progress opens greater opportunities for further growth in the international marketplace. Recently, there has been a notable shift toward focusing on local participation in wind power projects. It is evident that stakeholders have begun appreciating the value of participation by local people in planning and even forming decisions, thereby building acceptance and support for new installations. Additionally, the fusion of other renewables and storage systems with onshore wind energy is becoming more common, enhancing the diversity of the energy mix.
As countries worldwide aim for energy independence and cleaner energy systems, the collaboration between governments, private sectors, and communities will be pivotal in shaping the future of the Onshore Wind Energy Market. The increasing awareness and commitment towards sustainability are driving the sector towards new levels of growth and innovation.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Onshore Wind Energy Market Drivers
Increasing Global Energy Demand
The Onshore Wind Energy Market Industry is poised for significant growth due to the increasing global energy demand. According to the International Energy Agency, global energy demand has been projected to rise by 30 percent over the next two decades. This increase incentivizes countries to seek sustainable energy solutions like onshore wind energy. For instance, nations such as Germany and Denmark have pursued aggressive wind energy policies to meet energy needs, bolstered by investment support from organizations like the European Investment Bank. Consequently, by investing in onshore wind technology, countries can efficiently harness wind energy to meet rising electricity needs while transitioning to renewable sources.
Government Incentives and Policy Support
Government policies and incentives maintaining their stronghold are another driver for the Onshore Wind Energy Market Industry. The United States government, through the Department of Energy, has strongly advocated for renewable energy, with policies promoting wind energy leading to a twofold increase in wind capacity over the past decade. Moreover, tax credits and grants provided to wind energy companies stimulate research and infrastructure development, subsequently boosting market growth. A renewable energy capacity target of 50 percent for electricity generation by 2030 set by multiple countries aims to further bolster onshore wind capacity.
Technological Advancements in Wind Turbines
Technological advancements in wind turbine designs and efficiency are driving growth in the Onshore Wind Energy Market Industry. The Global Wind Energy Council has reported that modern wind turbines are, on average, 50 percent more efficient than those from just a decade ago. Enhancements such as larger rotor diameters and advanced materials have considerably increased energy capture and reduced operational costs. Companies like Siemens Gamesa and GE Renewable Energy are leading innovations in turbine technology, making projects more viable and attractive for investments. As turbine efficiency increases, the overall cost of harnessing wind energy decreases, making it a more viable option for countries aiming to expand their renewable energy sectors.
Onshore Wind Energy Market Segment Insights:
Onshore Wind Energy Market Turbine Type Insights
The Onshore Wind Energy Market is characterized by diverse segments based on Turbine Type, reflecting the evolving landscape of energy generation. In 2024, the market showed a robust valuation, emphasizing the growing need for renewable energy solutions. Among the Turbine Types, Horizontal Axis Wind Turbines hold a significant majority, valued at 58.0 USD Billion, accounting for a substantial share of the overall market. This prominence arises from their efficiency and effectiveness in harnessing wind energy, making them the preferred choice for large-scale wind energy installations.
Meanwhile, the Vertical Axis Wind Turbines, valued at 24.0 USD Billion, represented a segment gaining traction due to their design, which allows for operation in turbulent winds and limited space, appealing to urban settings and small wind applications. The Small Wind Turbine segment, valued at 18.0 USD Billion, primarily caters to residential and agricultural needs; its growing popularity demonstrates a noteworthy shift toward decentralized energy production, enhancing energy security in local communities. Offshore Turbines contribute with a value of 15.0 USD Billion, highlighting their capacity to generate energy in vast offshore locations where wind conditions are typically more favorable, representing a significant opportunity for future expansions.
Lastly, the Distributed Wind Turbine segment reached a valuation of 16.33 USD Billion; it embodies a shift towards localized energy production and consumption, with increasing deployments in rural and remote communities. This diverse segmentation within the Onshore Wind Energy Market illustrates the various technological advancements and applications being explored, driven by a global push towards sustainability and energy independence. The expected growth in these segments reflects a concerted effort to address global energy demands while mitigating climate change impacts, showcasing the ongoing shift in the Onshore Wind Energy Market dynamics. As regions worldwide prioritize clean energy initiatives, the significance of each Turbine Type will continue to evolve, impacting the market landscape in favor of innovation and accessibility.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Onshore Wind Energy Market Technology Insights
The Onshore Wind Energy Market is a rapidly growing sector driven by technological advancements in energy generation. In 2024, the market was valued at 131.33 USD Billion, highlighting its significant presence in the renewable energy landscape. The Technology segment encompasses various key areas, including Gear Drive Technology, which remains crucial for traditional wind turbine models by providing effective power transmission. Direct Drive Technology is also gaining traction, as it eliminates gearing systems, leading to lower maintenance costs and improved reliability.
Superconducting Technology is emerging, offering higher efficiency and potential for smaller turbine designs, which can be particularly advantageous in urban areas. Variable Speed Technology adapts to changing wind conditions, optimizing energy capture and enhancing overall operational efficiency. Each of these technologies contributes to market growth by improving turbine performance, reducing the cost of electricity generation, and driving innovation within the industry. The diverse array of technological advancements facilitates the ongoing evolution of the Onshore Wind Energy Market, supporting the increasing demand for clean energy solutions worldwide.
Onshore Wind Energy Market Installation Type Insights
The Onshore Wind Energy Market is expected to continue its robust growth, with a market revenue of 131.33 USD Billion in 2024. The Installation Type segment plays a crucial role in shaping this market, comprising various categories like Onshore Installations, Hybrid Installations, and Repowering Installations. Onshore Installations continue to dominate due to their high demand for efficient energy solutions in numerous regions. Hybrid Installations leverage a combination of different technologies to optimize energy generation, reflecting the market's innovation trends.
Repowering Installations have gained significant attention as they allow for upgrading older turbines, leading to improved efficiency and output from existing sites. The growing emphasis on renewable energy sources and supportive government policies worldwide are key driving factors behind this segment's development. As the Onshore Wind Energy Market segmentation expands, these installation types will be vital for meeting energy targets and addressing climate change challenges while catering to the rising demand for sustainable energy solutions. Overall, the market growth is set against a backdrop of increasing environmental awareness and technological advancements, further enhancing the significance of these installation types in the global energy landscape.
Onshore Wind Energy Market Application Insights
The Onshore Wind Energy Market revenue experienced substantial growth, with a value of 131.33 Billion USD in 2024. The Application segment plays a vital role in this market, encompassing various implementations, including Utility Scale, Community Scale, and Distributed Generation. Utility Scale projects typically account for a significant share of the market, reflecting the trend toward large installations that contribute to national grids, delivering renewable energy efficiently. Community Scale initiatives foster local engagement and benefit rural areas, optimizing energy resources for small populations while promoting sustainability.
Distributed Generation, on the other hand, empowers individual consumers and businesses to generate their own electricity, enhancing energy security and reliability. Collectively, these applications underscore a pivotal shift in energy production strategies globally, driven by rising energy demands and the push for sustainable solutions. With the Onshore Wind Energy Market statistics pointing towards a robust growth trajectory, these segments are positioned at the forefront of meeting both environmental goals and energy needs in diverse regional contexts, capitalizing on advancements in technology and policy support.
Onshore Wind Energy Market Regional Insights
In the Onshore Wind Energy Market, the Regional segmentation reveals significant advancements and valuations for various areas, contributing to the overall market growth. In 2024, North America held a substantial value of 34.0 USD Billion, showcasing its dominance in onshore wind energy deployment, driven by favorable policies and technological advancements. Following closely, Europe, valued at 43.0 USD Billion, maintained a leadership position thanks to its established infrastructure and robust investment in renewable energy initiatives.
The APAC region, valued at 30.0 USD Billion, is rapidly emerging with increasing governmental support for green energy solutions, positioning itself as a key player by 2035 as the valuation rises to 60.0 USD Billion. Meanwhile, South America, although smaller with a valuation of 15.0 USD Billion in 2024, presents ample opportunities for growth through untapped wind resources and investment potentials. The Middle East and Africa (MEA) exhibited a relatively modest valuation of 9.33 USD Billion in 2024, reflecting the preliminary stages of onshore wind energy development in these regions. Collectively, these insights underscore the importance of regional dynamics in shaping the Onshore Wind Energy Market revenue, highlighting significant growth trends, challenges, and opportunities each region presents for sustainable energy transition.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Onshore Wind Energy Market Key Players and Competitive Insights:
The Onshore Wind Energy Market is characterized by intense competition as various organizations seek to capitalize on the growing demand for renewable energy sources. This market is driven by increasing environmental concerns, government incentives for clean energy, and technological advancements that enhance energy efficiency and output. Companies operating in this space are focusing on developing innovative solutions that not only expand their operational reach but also improve the sustainability of their offerings.
As countries worldwide aim to meet climate goals and transition away from fossil fuels, the onshore wind energy market has gained significant traction, leading to a multitude of strategic partnerships, investments, and research initiatives aimed at boosting competitive positioning.
Stakeholders within this market are continuously evaluating market trends, regulatory changes, and technological developments to optimize their strategies and ensure long-term growth amid evolving consumer preferences and market dynamics. Iberdrola is a key player in the Onshore Wind Energy Market, noted for its extensive investments in wind energy projects and a strong commitment to sustainability. The company has carved out a substantial market presence through its strategic initiatives aimed at expanding renewable energy capacity while reducing carbon emissions. Iberdrola's strengths lie in its diversified portfolio, robust financial backing, and a proven track record of delivering large-scale wind energy projects across various geographical regions.
The organization has established itself as a leader in the transition towards sustainable energy, consistently investing in research and development to enhance the technology used in wind turbines and improve overall energy efficiencies. The company's proactive approach to partnerships and collaboration with local communities further strengthens its competitive position in the market.EDP Renewables stands out in the Onshore Wind Energy Market for its strategic development of renewable energy assets and commitment to innovation.
The organization focuses on the generation of clean electricity through onshore wind farms and is recognized for its strong market presence in various regions globally. EDP Renewables offers a range of services encompassing the development, construction, and operation of wind farms, emphasizing its comprehensive understanding of the wind energy landscape. Key strengths include a solid pipeline of projects, a focus on sustainability, and a forward-looking approach to harnessing technology to enhance operational efficiency.
The company has been active in pursuing mergers and acquisitions to broaden its portfolio and increase its market share, thereby bolstering its position in the competitive landscape of the Onshore Wind Energy Market. Through these strategic moves, EDP Renewables continues to strengthen its capabilities and align with the global shift toward renewable energy sources.
Key Companies in the Onshore Wind Energy Market Include:
- Iberdrola
- EDP Renewables
- NextEra Energy
- Siemens Gamesa Renewable Energy
- Envision Energy
- RES Group
- MHI Vestas Offshore Wind
- GE Renewable Energy
- RWE Renewables
- Nordex SE
- Suzlon Energy
- ACCIONA Energy
- Goldwind
- Brookfield Renewable Partners
- Vestas Wind Systems
Onshore Wind Energy Market Industry Developments
Recent developments in the Onshore Wind Energy Market have shown significant progress in expanding capacity and investment. Companies like Iberdrola and EDP Renewables are actively engaging in projects that enhance renewable energy output globally. For example, in August 2023, NextEra Energy announced a multi-billion dollar expansion of its renewable energy portfolio, which includes major onshore wind installations. Similarly, Siemens Gamesa Renewable Energy has been involved in developing innovative turbine technology aimed at increasing efficiency and lowering costs.
In terms of market valuation, a report in September 2023 highlighted that Vestas Wind Systems experienced a notable growth trajectory as demand for onshore wind solutions accelerated, driven by government incentives for clean energy. Mergers and acquisitions have also taken place, with GE Renewable Energy acquiring certain assets from a rival company in July 2023 to enhance its market position. Furthermore, in October 2022, ACCIONA Energy secured a significant contract for a large-scale project in Europe, reflecting the ongoing trend of increasing investment in sustainable energy sources worldwide. These trends are indicative of a robust and evolving marketplace focused on renewable energy solutions.
Onshore Wind Energy Market Segmentation Insights
Onshore Wind Energy Market Turbine Type Outlook
- Horizontal Axis Wind Turbine
- Vertical Axis Wind Turbine
- Small Wind Turbine
- Offshore Turbine
- Distributed Wind Turbine
Onshore Wind Energy Market Technology Outlook
- Gear Drive Technology
- Direct Drive Technology
- Superconducting Technology
- Variable Speed Technology
Onshore Wind Energy Market Installation Type Outlook
- Onshore Installations
- Hybrid Installations
- Repowering Installations
Onshore Wind Energy Market Application Outlook
- Utility Scale
- Community Scale
- Distributed Generation
Onshore Wind Energy Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric Source: |
Details |
| MARKET SIZE 2023 |
123.86 (USD Billion) |
| MARKET SIZE 2024 |
131.33 (USD Billion) |
| MARKET SIZE 2035 |
250.0 (USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) |
6.03% (2025 - 2035) |
| REPORT COVERAGE |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR |
2024 |
| MARKET FORECAST PERIOD |
2025 - 2035 |
| HISTORICAL DATA |
2019 - 2024 |
| MARKET FORECAST UNITS |
USD Billion |
| KEY COMPANIES PROFILED |
Iberdrola, EDP Renewables, NextEra Energy, Siemens Gamesa Renewable Energy, Envision Energy, RES Group, MHI Vestas Offshore Wind, GE Renewable Energy, RWE Renewables, Nordex SE, Suzlon Energy, ACCIONA Energy, Goldwind, Brookfield Renewable Partners, Vestas Wind Systems |
| SEGMENTS COVERED |
Turbine Type, Technology, Installation Type, Application, Regional |
| KEY MARKET OPPORTUNITIES |
Growing demand for renewable energy, Government incentives and subsidies, Technological advancements in turbine efficiency, Expansion into emerging markets, Increasing investments in green energy projects |
| KEY MARKET DYNAMICS |
rising energy demand, government incentives, technological advancements, environmental regulations, cost competitiveness |
| COUNTRIES COVERED |
North America, Europe, APAC, South America, MEA |
Onshore Wind Energy Market Highlights:
Frequently Asked Questions (FAQ) :
The Onshore Wind Energy Market is expected to be valued at 131.33 USD Billion in 2024.
In 2035, the Onshore Wind Energy Market is projected to reach a valuation of 250.0 USD Billion.
The expected CAGR for the Onshore Wind Energy Market from 2025 to 2035 is 6.03%.
By 2035, Europe is projected to have the largest market share in the Onshore Wind Energy Market with a value of 90.0 USD Billion.
The North America region is expected to be valued at 34.0 USD Billion in the Onshore Wind Energy Market in 2024.
Significant players in the Onshore Wind Energy Market include Iberdrola, Siemens Gamesa Renewable Energy, and GE Renewable Energy among others.
The market value for Horizontal Axis Wind Turbines is expected to be 115.0 USD Billion in 2035.
The market for Offshore Turbines is expected to reach 30.0 USD Billion by 2035.
The projected market size for Small Wind Turbines in 2024 is 18.0 USD Billion.
The shift towards renewable energy and sustainability is a major trend positively influencing the growth of the Onshore Wind Energy Market.
