Onshore Wind Energy Market Report 2026

The onshore wind energy market size has grown strongly in recent years. It will grow from $57.46 billion in 2025 to $60.82 billion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to expansion of renewable energy targets, availability of suitable land resources, declining onshore wind installation costs, early government incentives for wind power, improvements in turbine efficiency.

The onshore wind energy market size is expected to see strong growth in the next few years. It will grow to $75.39 billion in 2030 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing investments in grid modernization, rising demand for clean electricity generation, expansion of hybrid renewable power projects, growing focus on grid reliability solutions, continued reduction in levelized cost of energy. Major trends in the forecast period include increasing deployment of utility-scale onshore wind farms, rising adoption of high-capacity wind turbines, growing integration with energy storage systems, expansion of grid-stabilization wind solutions, enhanced focus on predictive maintenance.

The growing electricity demand is expected to drive the expansion of the onshore wind energy market in the coming years. Electricity demand refers to the total volume of electrical power required by residential, commercial, and industrial users to support everyday activities, technological systems, and economic operations. This increase in demand is fueled by rapid urbanization, technological progress, expanding industrial activities, and rising reliance on electronic devices and digital infrastructure. Onshore wind energy contributes to electricity generation by providing a renewable, cost-effective, and sustainable power source that reduces dependence on fossil fuels while strengthening energy security and lowering carbon emissions. For example, in August 2025, the Energy Information Administration (EIA), a US-based federal agency, projected that electricity sales in the United States would rise by 2.2% in 2025 and 2.4% in 2026, following an estimated 2.3% increase in 2024. Consequently, the increasing demand for electricity is fueling the growth of the onshore wind energy market.

Key players in the onshore wind energy market are focusing on developing advanced onshore wind turbines to improve turbine efficiency, optimize wind resource management, and enhance overall energy production. Onshore wind turbines are land-based devices that generate electricity by capturing wind energy, typically deployed in wind farms. For instance, in April 2023, Goldwind, a wind turbine manufacturer based in China, introduced two new turbine models, the GWH221-8.X-10 and the GWH24X-12. The GWH24X-12.X, with a projected capacity of 12 megawatts (MW), is set to become the largest onshore wind turbine, surpassing even the largest offshore turbines like GE's 14 MW Haliade-X. This development was supported by the Chinese government and industry partners, enabling Goldwind to advance its technology. Goldwind now ranks fourth globally in installed wind energy capacity, with a strong presence in China and projects on multiple continents.

In October 2023, Statkraft AS, a Norway-based renewable energy firm, acquired Njordr Offshore Wind AB and Svevind Nordic AB for an undisclosed amount. This acquisition aims to strengthen Statkraft's position in the Swedish renewable energy market, particularly in onshore and offshore wind power development. Njordr Offshore Wind AB is a Sweden-based company specializing in solar and wind energy projects, including both onshore and offshore wind development. Svevind Nordic AB is a Sweden-based renewable energy firm focused on the development and management of onshore wind power projects.

Major companies operating in the onshore wind energy market are Iberdrola S.A., Duke Energy, NextEra Energy Resources, Vestas Wind Systems AS, Siemens Gamesa Renewable Energy SA, Enel Green Power S.p.A., Pattern Energy Group Inc., Nordex Group, Enercon GmbH, Brookfield Renewable Partners, TransAlta Corp, Renewable Energy Systems RES, Invenergy, Clearway Energy, Boralex Inc, Mainstream Renewable Power, Apex Clean Energy, Windlab Ltd, Gazelle Wind Power Limited, Vortex Bladeless Ltd.

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

The onshore wind energy market includes revenues earned by entities through related project management, site assessments, and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. The onshore wind energy market also includes sales of wind turbines, towers, blades, and generators. 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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