Onshore Wind Turbine Market Report 2026

The onshore wind turbine market size has grown strongly in recent years. It will grow from $53.71 billion in 2025 to $56.85 billion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to improvements in turbine blade materials, expansion of land-based wind projects, early adoption of horizontal axis turbines, advancements in power electronics, scaling of turbine manufacturing capacity.

The onshore wind turbine market size is expected to see strong growth in the next few years. It will grow to $70.45 billion in 2030 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing demand for high-efficiency turbines, rising investments in next-generation turbine designs, expansion of repowering projects, growing focus on low-maintenance turbine systems, integration of advanced condition monitoring. Major trends in the forecast period include increasing adoption of large rotor diameter turbines, rising use of advanced generator technologies, growing deployment of high-tower wind turbines, expansion of modular turbine manufacturing, enhanced focus on turbine reliability.

The growing demand for renewable energy is expected to drive the expansion of the onshore wind turbine market in the future. Renewable energy, sourced from naturally replenished resources like sunlight and wind, is essential for reducing greenhouse gas emissions, combating climate change, and ensuring a sustainable energy supply. Several factors, including environmental concerns, the depletion of fossil fuels, and advancements in technology, are contributing to the increasing demand for renewable energy. Onshore wind turbines capture wind energy to generate renewable electricity, helping to reduce greenhouse gas emissions and reliance on fossil fuels. Their modular and scalable design allows for installation at various locations, enhancing grid stability and complementing other renewable energy sources. For instance, in January 2023, the International Trade Administration, a US-based government agency, reported that in June 2023, the country’s peak demand reached a record high of 223 gigawatts (GW), a 3.4% increase from the highest recorded demand in 2022, with forecasts suggesting continued growth in energy consumption. As a result, the increasing demand for renewable energy is fueling the growth of the onshore wind turbine market.

Leading companies in the onshore wind turbine industry are focusing on developing advanced land-based turbines to improve structural efficiency and enhance renewable energy production. These land-based turbines are installed on solid ground to capture wind energy and convert it into electricity, playing a crucial role in terrestrial wind farms. For instance, in January 2023, Mingyang Smart Energy, a wind turbine manufacturer based in China, introduced the Myse 8.5-216, one of the largest onshore wind turbines available. With a rotor diameter of 216 meters and a rated capacity of 8.5 megawatts, it produces around 200,000 kWh of electricity daily, making it ideal for large-scale wind farms. The Myse 8.5-216 is designed to perform well in harsh environments, such as deserts, with components that undergo extensive testing to ensure durability and performance.

In April 2024, Copenhagen Infrastructure Partners (CIP), a Denmark-based investment firm, acquired Liberty Renewables for an undisclosed amount. This acquisition aims to support New York's transition to clean energy and further the state's decarbonization efforts. CIP intends to use its extensive experience in developing and financing renewable energy projects to achieve these goals through this acquisition. Liberty Renewables, a US-based developer, specializes in onshore wind projects.

Major companies operating in the onshore wind turbine market are Hitachi Ltd., GE Vernova Inc., Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy S.A.U., Pattern Energy, Nordex SE, Dongfang Electric Corporation, ENERCON Global GmbH, EDF Renewables SA, Suzlon Energy Limited, ReGen Powertech Pvt. Ltd., Envision Energy USA Limited, Sinovel Wind Group Co. Ltd., Emergya Wind Technologies B.V, M.Torres Ólvega Industrial S.L., Inox Wind Ltd., Leitwind Shriram Manufacturing Ltd., Northern Power Systems Inc., XZERES Corp., Doosan Power Systems India Pvt Ltd., Bergey Windpower Co., Senvion GmbH.

North America was the largest region in the onshore wind turbine market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the onshore wind turbine market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the onshore wind turbine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The onshore wind turbine market consists of sales of blades, gearboxes, generators, towers, and yaw systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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