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Wind Power Market Size, Share & Trends Analysis Report By Location (Onshore, Offshore), By Application (Utility, Non-utility), By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa), And Segment Forecasts, 2022 - 2030

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    Report

  • 130 Pages
  • June 2022
  • Region: Global
  • Grand View Research
  • ID: 5124990
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Wind Power Market Growth & Trends

The global wind power market size is expected to reach USD 165.99 billion by 2030. The market is expected to expand at a CAGR of 6.5% from 2022 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.

Wind Power Market Report Highlights

  • Various governments are focusing on reducing carbon footprint and increasing the share of renewable energy in the energy mix of the countries. This is expected to drive renewable power generation and thus the growth of the market for wind power
  • The onshore location segment accounted for 71.66% of revenue share in 2021. Onshore wind power is cheaper to install than offshore wind power due to the shorter distance from power generation to the final consumer
  • Asia Pacific is projected to grow at a substantial pace throughout the forecast period. China is expected to account for the largest revenue share in the Asia Pacific region
  • Wind power accounted for 9.2% of the total electricity generation mix in the U.S. in 2021
  • North America is likely to display a moderate growth rate during the projected period

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets


This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market segmentation & scope
1.2. Information procurement
1.2.1. Purchased database
1.2.2. internal database
1.2.3. Secondary sources & third-party perspectives
1.2.4. Primary research
1.3. Information analysis
1.3.1. Data analysis models
1.4. Market formulation & data visualization
1.5. Data validation & publishing
Chapter 2. Executive SummaryChapter 3. Market Definitions
Chapter 4. Wind Power Market Variables, Trends & Scope
4.1. Market Size and Growth Prospects
4.2. Industry Value Chain Analysis
4.3. Market Dynamics
4.3.1. Market Driver Analysis
4.3.2. Market Restraint/ Challenges Analysis
4.3.3. Opportunity Assessment
4.4. Penetration & Growth Prospect Mapping
4.5. Regulatory Framework
4.6. Business Environment Analysis Tools
4.6.1. Industry Analysis - Porter’s
4.6.2. PESTEL Analysis
4.7. Company Market Share Analysis, 2021
4.8. Wind Power Production Outlook
Chapter 5. Wind Power Market Location Outlook
5.1. Market Size Estimates & Forecasts and Trend Analysis, 2019 - 2030 (Volume, MW, Revenue, USD Million)
5.2. Onshore
5.2.1. Onshore wind power market estimates and forecasts, 2019 - 2030 (Volume, MW, Revenue, USD Million)
5.3. Offshore
5.3.1. Offshore wind power market estimates and forecasts, 2019 - 2030 (Volume, MW, Revenue, USD Million)
Chapter 6. Wind Power Market Application Outlook
6.1. Market Size Estimates & Forecasts and Trend Analysis, 2019 - 2030 (Volume, MW, Revenue, USD Million)
6.2. Utility
6.2.1. Utility scale wind power market estimates and forecasts, 2019 - 2030 (Volume, MW, Revenue, USD Million)
6.3. Non-Utility
6.3.1. Non-utility scale wind power market estimates and forecasts, 2019 - 2030 (Volume, MW, Revenue, USD Million)
Chapter 7. Wind Power Regional Outlook
7.1. Wind Power Market, By Region, 2021 & 2030
7.2. North America
7.2.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.2.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.2.3. U.S.
7.2.3.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.2.3.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.2.4. Canada
7.2.4.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.2.4.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.2.5. Mexico
7.2.5.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.2.5.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.3. Europe
7.3.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.3.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.3.3. Germany
7.3.3.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.3.3.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.3.4. U.K.
7.3.4.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.3.4.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.3.5. France
7.3.5.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.3.5.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.3.6. Spain
7.3.6.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.3.6.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.3.7. Italy
7.3.7.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.3.7.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.4.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.4.3. China
7.4.3.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.4.3.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.4.4. India
7.4.4.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.4.4.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.4.5. Japan
7.4.5.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.4.5.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.5. Central and South America
7.5.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.5.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.5.3. Brazil
7.5.3.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.5.3.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.5.4. Chile
7.5.4.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.5.4.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.6. MEA
7.6.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.6.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.6.3. South Africa
7.6.3.1. Market estimates and forecasts by location, 2019 - 2030 (Volume, MW, Revenue, USD Million)
7.6.3.2. Market estimates and forecasts by application, 2019 - 2030 (Volume, MW, Revenue, USD Million)
Chapter 8. Competitive Landscape
8.1. Acciona
8.1.1. Company overview
8.1.2. Financial performance
8.1.3. Product benchmarking
8.1.4. Recent developments
8.2. Nordex SE
8.2.1. Company overview
8.2.2. Financial performance
8.2.3. Product benchmarking
8.2.4. Recent developments
8.3. General Electric
8.3.1. Company overview
8.3.2. Financial performance
8.3.3. Product benchmarking
8.3.4. Recent developments
8.4. Envision Group
8.4.1. Company overview
8.4.2. Financial performance
8.4.3. Product benchmarking
8.4.4. Recent developments
8.5. Goldwind
8.5.1. Company overview
8.5.2. Product benchmarking
8.5.3. Product benchmarking
8.5.4. Recent developments
8.6. Siemens Gamesa Renewable Energy, S.A.
8.6.1. Company overview
8.6.2. Financial performance
8.6.3. Product benchmarking
8.6.4. Recent developments
8.7. Suzlon Energy Limited
8.7.1. Company overview
8.7.2. Financial performance
8.7.3. Product benchmarking
8.7.4. Recent developments
8.8. Vestas
8.8.1. Company overview
8.8.2. Financial performance
8.8.3. Product benchmarking
8.8.4. Recent developments
8.9. Sinovel Wind Group
8.9.1. Company overview
8.9.2. Financial performance
8.9.3. Product benchmarking
8.9.4. Recent developments
8.10. Dongfang Electric Corporation
8.10.1. Company overview
8.10.2. Financial performance
8.10.3. Product benchmarking
8.10.4. Recent developments
8.11. ENERCON GmbH
8.11.1. Company overview
8.11.2. Financial performance
8.11.3. Product benchmarking
8.11.4. Recent developments
8.12. Guangdong MingYang Wind Power Industry Group., Ltd
8.12.1. Company overview
8.12.2. Financial performance
8.12.3. Product benchmarking
8.12.4. Recent developments
8.13. Juwi AG
8.13.1. Company overview
8.13.2. Financial performance
8.13.3. Product benchmarking
8.13.4. Recent developments
8.14. Inoxwind
8.14.1. Company overview
8.14.2. Financial performance
8.14.3. Product benchmarking
8.14.4. Recent developments
8.15. Aerodyn Energiesysteme GmbH
8.15.1. Company overview
8.15.2. Financial performance
8.15.3. Product benchmarking
8.15.4. Recent developments
List of Tables
TABLE 1 Global Wind Power Market, 2019 - 2030 (MW) (USD Million)
TABLE 2 Global Wind Power Market estimates and forecasts by Location, 2019 - 2030 (MW) (USD Million)
TABLE 3 Global Wind Power Market estimates and forecasts by application, 2019 - 2030 (MW) (USD Million)
TABLE 4 Wind Power - Key Market Restraint
TABLE 5 Global Onshore Wind Power market by region, 2019 - 2030 (MW) (USD Million)
TABLE 6 Global Offshore Wind Power market by region, 2019 - 2030 (MW) (USD Million)
TABLE 7 Global Utility Wind Power market by region, 2019 - 2030 (MW) (USD Million)
TABLE 8 Global Non-Utility Wind Power Market by region, 2019 - 2030 (MW) (USD Million)
TABLE 9 North America Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 10 North America Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 11 U.S. Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 12 U.S. Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 13 Canada Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 14 Canada Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 15 Mexico Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 16 Mexico Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 17 Europe Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 18 Europe Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 19 Germany Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 20 Germany Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 21 U.K. Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 22 U.K. Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 21 Italy Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 22 Italy. Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 23 France Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 24 France Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 25 Spain Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 26 Spain Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 27 Asia Pacific Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 28 Asia Pacific Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 29 China Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 30 China Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 31 India Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 32 India Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 33 Japan Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 34 Japan Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 35 Central and South America Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 36 Central and South America Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 37 Brazil Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 38 Brazil Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 39 Chile Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 40 Chile Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 41 MEA Wind Power market by location, 2019 - 2030 (MW) (USD Million)
TABLE 42 MEA Wind Power market by application, 2019 - 2030 (MW) (USD Million)
TABLE 43 South Africa Wind Power market by location, 2019 - 2030 (MW) (USD Million
TABLE 44 South Africa Wind Power market by application, 2019 - 2030 (MW) (USD Million)
List of Figures
FIG. 1 Market segmentation & scope
FIG. 2 Wind Power market size and growth prospects
FIG. 3 Wind Power Value chain analysis
FIG. 4 Market Dynamics
FIG. 5 Wind Power Market- Penetration & Growth Prospect Mapping
FIG. 6 Porter’s Five Forces Analysis
FIG. 7 PEST Analysis for Wind Power Industry
FIG. 8 Regional outlook, 2021 & 2030
FIG. 9 North America Wind Power market by location, 2019 - 2030 (MW)(USD Million)
FIG. 10 North America Wind Power market by application, 2019 - 2030 (MW) (USD Million)
FIG. 11 U.S. Wind Power market by location, 2019 - 2030 (MW) (USD Million)
FIG. 12 U.S. Wind Power market by application, 2019 - 2030 (MW) (USD Million)
FIG. 13 Canada Wind Power market by location, 2019 - 2030 (MW) (USD Million)
FIG. 14 Canada Wind Power market by application, 2019 - 2030 (MW) (USD Million)
FIG. 15 Mexico Wind Power market by location, 2019 - 2030 (MW) (USD Million)
FIG. 16 Mexico Wind Power market by application, 2019 - 2030 (MW) (USD Million)
FIG. 17 Europe Wind Power market by location, 2019 - 2030 (MW) (USD Million)
FIG. 18 Europe Wind Power market by application, 2019 - 2030 (MW) (USD Million)
FIG. 19 Germany Wind Power market by location, 2019 - 2030 (MW) (USD Million)
FIG. 20 Germany Wind Power market by application, 2019 - 2030 (USD Million)
FIG. 21 U.K. Wind Power market by location, 2019 - 2030 (MW) (USD Million)
FIG. 22 U.K. Wind Power market by application, 2019 - 2030 (MW) (USD Million)
FIG. 23 France Wind Power market by location, 2019 - 2030 (MW) (USD Million)
FIG. 24 France Wind Power market by application, 2019 - 2030 (MW) (USD Million)
FIG. 25 Italy Wind Power market by location, 2019 - 2030 (MW) (USD Million)
FIG. 26 Italy Wind Power market by application, 2019 - 2030 (USD Million)
FIG. 27 Spain Wind Power market by location, 2019 - 2030 (MW) (USD Million)
FIG. 28 Spain Wind Power market by application, 2019 - 2030 (MW) (USD Million)
FIG. 29 Asia Pacific Wind Power market by location, 2019 - 2030 (MW) (USD Million)
FIG. 30 Asia Pacific Wind Power market by application, 2019 - 2030 (MW) (USFD Million)
FIG. 31 China Wind Power market by location, 2019 - 2030 (MW) (USD Million)
FIG. 32 China Wind Power market by application, 2019 - 2030 (MW) (USD Million)
FIG. 33 India Wind Power market by location, 2019 - 2030 (MW) (USD Million)
FIG. 34 India Wind Power market by application, 2019 - 2030 (MW) (USD Million)
FIG. 35 Japan Wind Power market by location, 2019 - 2030 (MW) (USD Million)
FIG. 36 Japan Wind Power market by application, 2019 - 2030 (MW) (USD Million)
FIG. 37 Central and South America Wind Power market by location, 2019 - 2030 (MW) (USD Million)
FIG. 38 Central and South America Wind Power market by application, 2019 - 2030 (MW) (USD Million)
FIG. 40 Brazil Wind Power market by location, 2019 - 2030 (MW) (USD Million)
FIG. 41 Brazil Wind Power market by application, 2019 - 2030 (MW) (USD Million)
FIG. 42 Chile Wind Power market by location, 2019 - 2030 (MW) (USD Million)
FIG. 43 Chile Wind Power market by application, 2019 - 2030 (MW) (USD Million)
FIG. 44 MEA Wind Power market by location,2019 - 2030 (MW) (USD Million)
FIG. 45 MEA Wind Power market by application, 2019 - 2030 (MW) (USD Million)
FIG. 46 South Africa Wind Power market by location, 2019 - 2030 (MW) (USD Million)
FIG. 47 South Africa Wind Power market by application, 2019 - 2030 (MW) (USD Million)

Companies Mentioned

  • Acciona
  • Nordex SE
  • General Electric
  • Envision Group
  • Goldwind
  • Siemens Gamesa Renewable Energy, S.A.
  • Suzlon Energy Limited
  • Vestas
  • Sinovel Wind Group
  • Dongfang Electric Corporation
  • ENERCON GmbH
  • Guangdong MingYang Wind Power Industry Group., Ltd
  • Juwi AG
  • Inoxwind
  • Aerodyn Energiesysteme GmbH

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