Onshore Wind Energy Market Summary
As per MRFR Analysis, the Onshore Wind Energy Market was valued at 123.86 USD Billion in 2023 and is projected to grow to 250 USD Billion by 2035, with a CAGR of 6.03% from 2025 to 2035. The market is driven by increasing global energy demand, government incentives, and technological advancements in turbine efficiency.
Key Market Trends & Highlights
The Onshore Wind Energy Market is witnessing transformative growth due to several key trends.
- Market Size in 2024: 131.33 USD Billion; expected to reach 250 USD Billion by 2035.
- Horizontal Axis Wind Turbines dominate with a valuation of 58.0 USD Billion in 2024.
- North America leads the regional market with a valuation of 34.0 USD Billion in 2024.
- Technological advancements have made modern turbines 50% more efficient than those from a decade ago.
Market Size & Forecast
2023 Market Size: USD 123.86 Billion
2024 Market Size: USD 131.33 Billion
2035 Market Size: USD 250 Billion
CAGR (2025-2035): 6.03%
Largest Regional Market Share in 2024: Europe.
Major Players
Key players include Iberdrola, EDP Renewables, NextEra Energy, Siemens Gamesa Renewable Energy, and GE Renewable Energy.
Key Onshore Wind Energy Market Trends Highlighted
The Onshore Wind Energy Market is undergoing substantial changes as a result of the urgent response to climate change and the growing demand for renewable energy sources. Investments in wind energy initiatives are encouraged by the prioritization of renewable energy by governments worldwide through policies and incentives, which is one of the primary market drivers. For example, numerous nations have established ambitious objectives to decrease carbon emissions, which has created an opportune environment for the expansion of onshore wind energy. Furthermore, the viability of onshore wind farms is being improved by the development of more efficient and cost-effective turbine technology.
The Onshore Wind Energy Market is experiencing a surge in opportunities, particularly in regions with ample land availability and favorable wind conditions. Developing countries are becoming prominent players in the energy sector as they invest in renewable energy infrastructures to satisfy the increasing demand for energy and reduce their dependence on fossil fuels. Furthermore, the objective of partnerships between governments and private sectors is to expedite the deployment of onshore wind projects, thereby establishing a supportive ecosystem for innovative solutions. In recent years, there has been a trend toward community-driven wind energy initiatives, in which local populations are involved in the development and management of wind farms.
This not only assures local economic benefits but also improves community acceptance. The integration of energy storage solutions and smart grid technologies is becoming more common, enabling more effective management of energy supply and demand. The Onshore Wind Energy Market is undergoing a transformation that is indicative of a concerted effort to achieve sustainable energy objectives, as well as the creation of new opportunities for investment and collaboration among stakeholders in a variety of regions.
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
Onshore Wind Energy Market Drivers
Government Policies and Incentives
Government support for renewable energy is a significant driver for the Onshore Wind Energy Market. Many countries are implementing policies and incentives to transition towards renewable energy sources. For instance, the International Energy Agency reported that as of 2021, around 30 nations have enacted policies favoring wind energy investment, resulting in an investment surge in this sector. To achieve climate commitments, governments globally have targeted to double the installed capacity of offshore and onshore wind plants by 2030.
These proactive measures not only enhance energy security but also aim to reduce greenhouse gas emissions, which is expected to contribute to a substantial increase in the market value by 2035, fostering a favorable environment for investments in wind energy technology.
Technological Advancements
Innovations and advancements in wind turbine technology are boosting the efficiency and effectiveness of onshore wind energy harvesting. According to the Global Wind Energy Council, turbine sizes have nearly doubled in the past decade, thanks to Research and Development efforts, increasing the average capacity from approximately 1.5 megawatts to over 3 megawatts per turbine. This exponential growth in turbine capabilities directly translates to reduced energy costs and enhanced energy production efficiency, thereby attracting more investments into the Onshore Wind Energy Market Industry.
Increasing Demand for Renewable Energy
The rising global energy demand, coupled with the shift towards sustainable solutions, has made renewable energy sources, particularly wind energy, increasingly attractive. The United Nations has indicated that global energy consumption is projected to rise by approximately 30% by 2040. As part of climate change mitigation strategies, many nations are committing to decarbonize their energy sectors. In 2020 alone, wind energy accounted for 8% of global electricity generation, showcasing a steady growth that aligns with this demand. Such trends significantly augment the prospects for the Onshore Wind Energy Market Industry moving forward.
Reduction in the Cost of Wind Energy
The declining cost of wind energy has emerged as a vital driver for the industry's growth. According to the International Renewable Energy Agency, the cost of onshore wind energy has decreased by nearly 50% since 2010, making it one of the most cost-effective renewable energy sources available today. This significant reduction in costs is actively encouraging more countries and organizations to invest in onshore wind projects. As the levelized cost of electricity from onshore wind projects continues to fall, it enhances their competitiveness relative to fossil fuel sources, boosting the Onshore Wind Energy Market Industry's attractiveness.
Onshore Wind Energy Market Segment Insights
Onshore Wind Energy Market Turbine Type Insights Â
The Onshore Wind Energy Market is a rapidly evolving sector, particularly influenced by various turbine types, which define its structure and dynamics. The market is expected to showcase significant growth, reflecting an increasing commitment to renewable energy sources. In 2024, the market is projected to achieve a valuation of 131.33 USD Billion. Within this extensive framework, the Horizontal Axis Wind Turbine holds a majority share, valued at 48.0 USD billion in 2024, and is anticipated to soar to 95.0 USD billion by 2035, marking it as a pivotal element in harnessing wind energy efficiency. This turbine type dominates the market due to its proven design and higher efficiency in converting wind energy into electricity, addressing global energy demands effectively.
Furthermore, the Vertical Axis Wind Turbine is also gaining traction, with a projected market value of 21.0 USD billion in 2024, expected to grow to 42.0 USD billion by 2035. This turbine type offers advantages in urban settings, where space constraints and variable wind directions necessitate a more adaptable technology, making it significant for localized energy generation solutions. The Small Wind Turbine segment is valued at 25.0 USD Billion in 2024 and is expected to reach 50.0 USD billion by 2035, capitalizing on residential and small business applications. Its importance lies in promoting energy independence at a community level and supporting a shift towards sustainable practices, which resonates well with global energy initiatives.
The Offshore Turbine market, valued at 24.33 USD Billion in 2024, is projected to increase to 49.0 USD Billion by 2035, illustrating its integral role in expanding wind energy capture capabilities beyond land constraints. By leveraging stronger and more consistent winds offshore, this segment represents a significant opportunity for large-scale energy production, aligning with global strategies to increase renewable energy capacity.
Lastly, Distributed Wind Turbines, while smaller in market valuation, with expected figures of 13.0 USD Billion in 2024 and 14.0 USD Billion in 2035, contribute importantly to distributed energy generation models. These systems can be deployed in rural locations where electricity infrastructure is minimal, thereby playing a critical role in enhancing energy access.
In summary, the Onshore Wind Energy Market segmentation by turbine type reveals diverse opportunities for growth and innovation, with Horizontal Axis Wind Turbines leading the charge. Each turbine type demonstrates its unique advantages and applications, reinforcing the importance of wind energy in the global transition towards a sustainable and environmentally friendly energy grid. The anticipated growth in each segment underlines a collective movement towards cleaner energy solutions, emphasizing the relevance of various designs in meeting both residential and large-scale energy needs.
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
Onshore Wind Energy Market Technology Insights Â
The Onshore Wind Energy Market is experiencing substantial growth, driven by advancements in Technology, contributing to a more efficient and sustainable energy source. By 2024, the market is expected to be valued at 131.33 USD billion, illustrating the rising demand for wind energy solutions. This segment includes various technologies such as Gear Drive Technology, Direct Drive Technology, Superconducting Technology, and Variable Speed Technology. Gear Drive Technology is notable for its efficiency in converting wind into mechanical energy, while Direct Drive Technology eliminates the need for a gearbox, reducing maintenance costs.
Superconducting Technology offers remarkable potential due to its high efficiency and ability to minimize energy losses. Variable Speed Technology plays a crucial role in optimizing energy production at varying wind speeds, making it a significant focus for innovation. Collectively, these technologies represent a robust framework for enhancing energy production capabilities. The Government of Global regions is adapting regulations to support these technologies, emphasizing the urgent need for renewable energy solutions. Market trends showcase an increasing investment in Research and Development, as stakeholders strive for pioneering advancements in the sector.
Onshore Wind Energy Market Installation Type Insights Â
The Onshore Wind Energy Market, valued at 131.33 USD Billion in 2024, showcases a significant focus on the Installation Type segment, which includes Onshore Installations, Hybrid Installations, and Repowering Installations. This segment is crucial for harnessing wind energy efficiently, with Onshore Installations being the predominant form present worldwide, leveraging vast land resources. Hybrid Installations, which integrate wind with other renewable sources, are gaining traction for their ability to maximize energy output and provide a more stable energy supply.
Repowering Installations play a vital role in enhancing operational efficiency by upgrading older wind turbine technologies, thus contributing significantly to the overall market dynamics. As the Onshore Wind Energy Market continues to evolve, trends such as technological advancements and increased government incentives are projected to drive growth in these segments. Factors like the need for sustainable energy solutions and climate change concerns create abundant opportunities within the marketplace, shaping the future of installed capacity and energy production globally.
Market statistics emphasize the importance of these installation types in meeting the rising energy demands while fostering environmental sustainability.
Onshore Wind Energy Market Application Insights Â
The Onshore Wind Energy Market is projected to be valued at 131.33 USD Billion in 2024 and shows notable growth prospects through its Applications segment, which includes Utility Scale, Community Scale, and Distributed Generation. Utility-scale applications dominate the market due to their large capacity and efficiency in harnessing wind energy, playing a pivotal role in meeting national energy demands. Community-scale initiatives are important for localized power generation, often supported by government incentives aimed at promoting renewable energy adoption at the grassroots level.
Distributed Generation offers flexibility and resilience by enabling wind energy production close to consumption points, minimizing transmission losses. The growth in the Onshore Wind Energy Market is fueled by an increasing focus on sustainable energy to combat climate change and reduce dependency on fossil fuels. However, challenges such as regulatory hurdles, land acquisition issues, and initial capital investments may impact market expansion. Opportunities for innovation in turbine technology and energy storage systems hold the potential to enhance efficiency and lower costs, making these applications even more significant in the evolving energy landscape.
Emphasizing renewable energy strategies and reducing emissions is vital for creating a sustainable future, aligning with global energy goals.
Onshore Wind Energy Market Regional Insights Â
The Onshore Wind Energy Market is witnessing significant growth across various regions, with North America and Europe holding the majority of the market revenue. In 2024, North America is valued at 35.0 USD billion, while Europe leads with a valuation of 45.0 USD billion, reflecting its strong investment in renewable energy initiatives. Asia Pacific follows closely with a forecasted value of 30.0 USD billion, indicating its expanding capabilities in wind energy technologies and infrastructure. South America, valued at 10.0 USD billion, shows promising potential for future market growth due to increasing governmental support and favorable wind conditions.
However, the Middle East and Africa represent a unique challenge with a market value of 11.33 USD billion in 2024, but are projected to decrease by 2035 to 10.0 USD billion. This trend suggests that while the region is developing, it may face difficulties in maintaining its competitiveness in the global landscape. The regional segmentation of the Onshore Wind Energy Market highlights the varying demand dynamics, investment levels, and development strategies across continents, contributing to a comprehensive understanding of market trends, opportunities, and competitive positioning within the industry.
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
Onshore Wind Energy Market Key Players and Competitive Insights
The competitive landscape of the Onshore Wind Energy Market is characterized by a dynamic interplay of innovation, technological advancements, regulatory frameworks, and sustainability practices that drive growth and expansion. As renewable energy becomes essential to meet the increasing demand for clean and sustainable energy sources, companies operating in this sector are striving to enhance their market presence and competitive advantage. The market is populated by key players with diverse portfolios, embracing strategic collaborations, mergers, and acquisitions to strengthen their offerings and cater to the evolving needs of customers worldwide. The competitive insights reveal a significant focus on the development of advanced turbine technologies, improved operational efficiency, and integration of digital solutions to optimize energy output while reducing costs. This competitive environment encourages continual investment in research and development, as companies aim to lead in a market where sustainability and innovation are pivotal.
GE Renewable Energy possesses a significant presence in the Onshore Wind Energy Market, recognized for its strong commitment to technological innovation and environmental sustainability. The company has leveraged its extensive experience in energy solutions to deliver high-quality wind turbines that cater to diverse geographic landscapes and operational requirements. GE Renewable Energy's strengths lie in its ability to integrate smart technologies, optimizing energy production, improving efficiency, and providing reliable service solutions to its clientele. The company actively pursues partnerships and collaborative ventures, allowing it to enhance its market share while driving advancements in wind energy solutions globally. Its focus on sustainability, along with a robust portfolio of reliable and efficient wind turbines, positions GE Renewable Energy as a formidable player in this competitive market.
NextEra Energy is a prominent entity within the Onshore Wind Energy Market, known for its leadership in the renewable energy sector. The company facilitates a wide range of wind energy solutions, emphasizing not only the development and maintenance of onshore wind farms but also engaging in power generation and transmission. NextEra Energy's strengths stem from its commitment to sustainable practices, technological leadership, and a strong financial foundation, which enables it to invest significantly in expansion and innovation. The company has achieved notable success in its product offerings, focusing on high-capacity wind turbines that maximize output. Additionally, NextEra Energy has strategically engaged in mergers and acquisitions, enhancing its operational capabilities and securing a more extensive market footprint. This proactive approach allows the company to maintain a competitive edge while contributing effectively to the global transition towards a sustainable energy future.
Key Companies in the Onshore Wind Energy Market Include:
- GE Renewable Energy
- NextEra Energy
- Mingyang Smart Energy
- EDP Renewables
- Orsted
- Nordex SE
- EDPR
- Envision Energy
- Iberdrola
- Vestas Wind Systems
- Goldwind
- Acciona Energy
- Siemens Gamesa Renewable Energy
- Suzlon Energy
Onshore Wind Energy Market Industry Developments
The Onshore Wind Energy Market has seen significant developments recently, particularly with advancements in technology and an increased focus on sustainable energy solutions. Companies like GE Renewable Energy and Siemens Gamesa Renewable Energy are pushing the envelope with innovative turbine technologies aimed at improving efficiency and lowering costs.
In April 2025, the wind industry association of the German Bundestag reported a record-breaking first quarter for onshore wind, with over 4 GW of new approvals and 1 GW of installations. This was a 40% year-over-year increase, driven by regulatory reforms to eliminate development barriers.
In June 2025, Poland's parliament passed legislation that aims to increase the production of renewable energy and reduce the cost of electricity by reducing the minimum setback distances from residences for onshore wind development. The measure is currently awaiting the approval of the Senate and the president.
Squadron Energy and GE Vernova have reached a strategic framework agreement in January 2024 to jointly develop 1.4 GW of onshore wind projects in New South Wales, Australia..
In February 2024, Electric Wind Power, a subsidiary of Shanghai Electric, was awarded a contract to install Vietnam's largest onshore wind turbines (40 MW) at the Hai Anh Wind Farm. This project is in accordance with the renewable energy expansion in Southeast Asia.
 Over the last two to three years, the sector has noted substantial growth in project installations, underscoring the increasing importance of onshore wind energy in the global energy landscape.
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
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Report Attribute/Metric
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Details
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Market Size 2023
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123.86(USD Billion)
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Market Size 2024
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131.33(USD Billion)
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Market Size 2035
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250.08 (USD Billion)
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Compound Annual Growth Rate (CAGR)
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6.03% (2025 - 2035)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Base Year
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2024
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Market Forecast Period
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2025 - 2035
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Historical Data
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2019 - 2024
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Market Forecast Units
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USD Billion
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Key Companies Profiled
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GE Renewable Energy, NextEra Energy, Mingyang Smart Energy, EDP Renewables, Orsted, Nordex SE, EDPR, Envision Energy, Iberdrola, Vestas Wind Systems, Goldwind, Acciona Energy, Siemens Gamesa Renewable Energy, Suzlon Energy
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Segments Covered
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Turbine Type, Technology, Installation Type, Application, Regional
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Key Market Opportunities
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Rising demand for renewable energy, Government incentives for sustainable technology, Technological advancements in turbine efficiency, Expansion in emerging markets, Enhancements in energy storage solutions
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Key Market Dynamics
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growing renewable energy demand, technological advancements in turbine design, government incentives and policies, rising environmental concerns, and decreasing cost of energy production
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Countries Covered
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North America, Europe, APAC, South America, MEA
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Onshore Wind Energy Market Highlights:
Frequently Asked Questions (FAQ) :
By 2035, the Onshore Wind Energy Market is expected to be valued at 250.08 USD billion.
The expected CAGR for the Onshore Wind Energy Market from 2025 to 2035 is 6.03%.
By 2035, Europe is projected to hold the largest market share with a valuation of 90.0 USD billion.
In 2024, North America is expected to be valued at 35.0 USD billion in the Onshore Wind Energy Market.
By 2035, the market size for Horizontal Axis Wind Turbines is expected to reach 95.0 USD billion.
Key players in the market include GE Renewable Energy, Vestas Wind Systems, and Siemens Gamesa Renewable Energy.
The projected market size for Small Wind Turbines by 2035 is 50.0 USD billion.
By 2035, the Asia Pacific region is expected to contribute 60.0 USD billion to the Onshore Wind Energy Market.
By 2035, the anticipated market size for Vertical Axis Wind Turbines is expected to be 42.0 USD billion.
The market faces challenges related to technology integration and regulatory policies while offering opportunities in renewable energy expansion and energy security.
