Wind Power Market Size To Reach $141.09 Billion By 2030

Wind Power Market Growth & Trends

The global wind power market size is expected to reach USD 141.09 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.9% from 2025 to 2030. The increasing demand for clean and affordable energy is expected to drive the growth of the market. The adoption of wind power is increasing at a significant pace owing to the increasing viability of wind power for large-scale energy production.

Governments across various nations have been supporting the use of renewable energy sources including solar power, hydropower, wind power, and biomass. Regulatory bodies are emphasizing on reducing carbon footprints and reducing reliance on conventional energy sources which in turn promotes power generation using wind turbines. Increasing energy needs in countries such as India, China, the U.K., and Brazil, owing to rapid industrialization is projected to have a positive impact on the market growth.

Wind power energy finds wide use in numerous sectors such as commercial and residential. The Onshore wind power sector has emerged as a valued renewable energy source, across the world. The cumulative installed onshore and offshore wind power capacity is projected to observe a count of 837 GW in 2021. The offshore wind power sector has been gaining thrust in the global market for wind power.

Regions such as South America and Middle East & Africa offer a robust business opportunity for the market with countries, such as Brazil, Chile, and South Africa playing a vital role in the development of the growth. The increasing demand for electricity generation from green and clean sources is likely to drive the growth of the market in the forthcoming years. Besides, the massive wind power potential, coupled with a continuous decrease in the cost of installation, is expected to offer extensive business opportunities to the market. 

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Wind Power Market Report Highlights

• Based on location, the on-shore segment led the market with the largest revenue share of 75.52%in 2024.

• Based on application, the utility segment led the market with the largest revenue share of 83.5% in 2024. The non-utility sector includes both commercial and residential wind power installations.

• Asia Pacific dominated the wind power market with the largest revenue share of 40.71% in 2024. The market growth in the Asia-Pacific region is driven by a combination of robust economic growth, increasing energy demands, and favorable government policies aimed at promoting renewable energy.

Wind Power Market Segmentation

Grand View Research has segmented the global wind power market on the basis of location, application, and region:

Wind Power Location Outlook (Capacity, MW; Revenue, USD Million, 2018 - 2030)

• On shore

• Off shore

Wind Power Application Outlook (Capacity, MW; Revenue, USD Million, 2018 - 2030)

• Utility

• Non Utility

Wind Power Regional Outlook (Capacity, MW; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • Italy

  • Spain

  • France

  • Russia

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

  • UAE

List of Key Players in the Wind Power Market

• GE Wind

• Vestas, Siemens Wind Power,

• Suzlon Group, Goldwind

• United Power,

• Acciona, Nordex SE,

• Sinovel Wind Group

• EDF Renewable Energy

• ReGen Powertech

• Vensys Energy

• ABB Limited

• NextEra Energy Inc.

• Northland Power Inc.

• DONG Energy