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PUBLISHER: IMARC | PRODUCT CODE: 1701944
PUBLISHER: IMARC | PRODUCT CODE: 1701944
Wind Energy Market Report by Component, Rating, Installation, Turbine Type, Application, and Region 2025-2033
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PAGES: 148 Pages
DELIVERY TIME: 2-3 business days
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The global wind energy market size reached USD 95.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 169.9 Billion by 2033, exhibiting a growth rate (CAGR) of 6.6% during 2025-2033. The increasing demand for renewable energy sources, the increasing implementations of favorable policies and incentives, such as tax credits, subsidies, and feed-in tariffs, in stringent manner, and the development of energy storage technologies represent some of the key factors driving the market toward growth.
Wind energy is a form of renewable energy that utilizes the power of the wind to generate electricity. It is generated from large, tower-like structures with blades attached to them that spin in the wind and are used to convert the kinetic energy of the wind into electrical energy. It offers several advantages, such as it is clean and does not produce any greenhouse gas emissions or other harmful pollutants. Additionally, the wind is a free and abundant resource that can be found all over the world, making it a highly accessible source of energy. It is widely preferred as a substitute for fossil fuels and other conventional energy resources on account of its less impact on the environment. As a result, it is readily available, and inexpensive and finds extensive applications in the commercial, industrial, and residential sectors across the globe.
Wind Energy Market Trends:
The growing need to reduce greenhouse gas emissions is driving the global market. Moreover, the governments around the world are implementing policies and incentives, such as tax credits, subsidies, and feed-in tariffs, to promote the development of renewable energy, thus providing a boost to the market. Besides, the increasing consumption of energy due to rapid urbanization and growing reliance on electronics is significantly supporting the demand. Apart from this, continual technological advances, including the use of digital technologies, advanced materials, and improved manufacturing techniques that helps to make wind energy more competitive and reliable, are further fuelling the growth in the market. Along with this, the development of energy storage technologies, such as batteries, can help to address the intermittent nature of wind energy and improve the reliability of the electricity supply, thereby impelling the demand across the globe. Additionally, the growing investments in upcoming wind power projects are creating a positive market outlook. Furthermore, wind energy contributes to national security by minimizing dependence on imported fossil fuels and increasing energy independence, further propelling the demand. The market is further driven by the rising improvements in performance and reduction in the prices of wind power technologies. Additionally, the uptake of wind energy is offering various long-term employment opportunities in construction and installation, wind turbine component manufacturing, maintenance and operations, legal and marketing services, and transportation and logistics is providing a lucrative opportunity to the market.
Key Market Segmentation:
Component Insights:
- Turbine
- Support Structure
- Electrical Infrastructure
- Others
Rating Insights:
- <= 2 MW
- >2 <= 5 MW
- >5 <= 8 MW
- >8 <= 10 MW
- >10 <= 12 MW
- >12 MW
Installation Insights:
- Offshore
- Onshore
Turbine Type Insights:
- Horizontal Axis
- Vertical Axis
- Application Insights
- Utility
- Industrial
- Commercial
- Residential
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for wind energy. Some of the factors driving the Asia Pacific wind energy market included is rising government policies and incentives, increasing energy demand, and continual technological advancements.
Competitive Landscape:
- The report has also provided a comprehensive analysis of the competitive landscape in the global wind energy market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include ABB Ltd., Ameren Corporation, Avangrid, Inc. (Iberdrola S.A), Dnv (Det Norske Veritas group), Enercon GmbH, General Electric Company, Goldwind, NextEra Energy Resources, LLC, Nordex SE, Siemens AG, Vestas Wind Systems A/S, Wind World (India) Limited and Xcel Energy Inc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1.What was the size of the global wind energy market in 2024?
- 2.What is the expected growth rate of the global wind energy market during 2025-2033?
- 3.What are the key factors driving the global wind energy market?
- 4.What has been the impact of COVID-19 on the global wind energy market?
- 5.What is the breakup of the global wind energy market based on the component?
- 6.What is the breakup of the global wind energy market based on the rating?
- 7.What is the breakup of the global wind energy market based on installation?
- 8.What is the breakup of the global wind energy market based on the turbine type?
- 9.What is the breakup of the global wind energy market based on the application?
- 10.What are the key regions in the global wind energy market?
- 11.Who are the key players/companies in the global wind energy market?
Product Code: SR112025A5951
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Wind Energy Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Turbine
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Support Structure
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Electrical Infrastructure
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Rating
- 7.1 <= 2 MW
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 >2 <= 5 MW
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 >5 <= 8 MW
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 >8 <= 10 MW
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 >10 <= 12 MW
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 > 12 MW
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by Installation
- 8.1 Offshore
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Onshore
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Turbine Type
- 9.1 Horizontal Axis
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Vertical Axis
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Application
- 10.1 Utility
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Industrial
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Commercial
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Residential
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.1.1 United States
- 11.2 Asia-Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.2.1 China
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.3.1 Germany
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.4.1 Brazil
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 ABB Ltd.
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.1.3 Financials
- 16.3.1.4 SWOT Analysis
- 16.3.2 Ameren Corporation
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.2.3 Financials
- 16.3.2.4 SWOT Analysis
- 16.3.3 Avangrid Inc. (Iberdrola S.A)
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.3.3 Financials
- 16.3.4 Dnv (Det Norske Veritas group)
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.5 Enercon GmbH
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.5.3 SWOT Analysis
- 16.3.6 General Electric Company
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.6.3 Financials
- 16.3.6.4 SWOT Analysis
- 16.3.7 Goldwind
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.8 NextEra Energy Resources LLC
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.8.3 Financials
- 16.3.8.4 SWOT Analysis
- 16.3.9 Nordex SE
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.9.3 Financials
- 16.3.9.4 SWOT Analysis
- 16.3.10 Siemens AG
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.10.3 Financials
- 16.3.10.4 SWOT Analysis
- 16.3.11 Vestas Wind Systems A/S
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.11.3 Financials
- 16.3.11.4 SWOT Analysis
- 16.3.12 Wind World (India) Limited
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
- 16.3.13 Xcel Energy Inc.
- 16.3.13.1 Company Overview
- 16.3.13.2 Product Portfolio
- 16.3.13.3 Financials
- 16.3.13.4 SWOT Analysis
- 16.3.1 ABB Ltd.
Product Code: SR112025A5951
List of Figures
- Figure 1: Global: Wind Energy Market: Major Drivers and Challenges
- Figure 2: Global: Wind Energy Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Wind Energy Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Wind Energy Market: Breakup by Component (in %), 2024
- Figure 5: Global: Wind Energy Market: Breakup by Rating (in %), 2024
- Figure 6: Global: Wind Energy Market: Breakup by Installation (in %), 2024
- Figure 7: Global: Wind Energy Market: Breakup by Turbine Type (in %), 2024
- Figure 8: Global: Wind Energy Market: Breakup by Application (in %), 2024
- Figure 9: Global: Wind Energy Market: Breakup by Region (in %), 2024
- Figure 10: Global: Wind Energy (Turbine) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 11: Global: Wind Energy (Turbine) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Wind Energy (Support Structure) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Wind Energy (Support Structure) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Wind Energy (Electrical Infrastructure) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Wind Energy (Electrical Infrastructure) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Wind Energy (Other Components) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Wind Energy (Other Components) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Wind Energy (<= 2 MW) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Wind Energy (<= 2 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: Global: Wind Energy (>2 <= 5 MW) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: Global: Wind Energy (>2 <= 5 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: Global: Wind Energy (>5 <= 8 MW) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: Global: Wind Energy (>5 <= 8 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Global: Wind Energy (>8 <= 10 MW) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: Global: Wind Energy (>8 <= 10 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: Global: Wind Energy (>10 <= 12 MW) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: Global: Wind Energy (>10 <= 12 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: Global: Wind Energy (> 12 MW) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: Global: Wind Energy (> 12 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: Global: Wind Energy (Offshore) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: Global: Wind Energy (Offshore) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: Global: Wind Energy (Onshore) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: Global: Wind Energy (Onshore) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: Global: Wind Energy (Horizontal Axis) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: Global: Wind Energy (Horizontal Axis) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: Global: Wind Energy (Vertical Axis) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: Global: Wind Energy (Vertical Axis) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: Global: Wind Energy (Utility) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 39: Global: Wind Energy (Utility) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: Global: Wind Energy (Industrial) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: Global: Wind Energy (Industrial) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 42: Global: Wind Energy (Commercial) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 43: Global: Wind Energy (Commercial) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: Global: Wind Energy (Residential) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 45: Global: Wind Energy (Residential) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 46: North America: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 47: North America: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 48: United States: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 49: United States: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: Canada: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 51: Canada: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 52: Asia-Pacific: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 53: Asia-Pacific: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: China: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 55: China: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: Japan: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: Japan: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 58: India: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 59: India: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: South Korea: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 61: South Korea: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 62: Australia: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 63: Australia: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 64: Indonesia: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 65: Indonesia: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 66: Others: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 67: Others: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 68: Europe: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 69: Europe: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 70: Germany: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 71: Germany: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 72: France: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 73: France: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 74: United Kingdom: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 75: United Kingdom: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 76: Italy: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 77: Italy: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 78: Spain: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 79: Spain: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 80: Russia: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 81: Russia: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 82: Others: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 83: Others: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 84: Latin America: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 85: Latin America: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 86: Brazil: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 87: Brazil: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 88: Mexico: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 89: Mexico: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 90: Others: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 91: Others: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 92: Middle East and Africa: Wind Energy Market: Sales Value (in Million USD), 2019 & 2024
- Figure 93: Middle East and Africa: Wind Energy Market: Breakup by Country (in %), 2024
- Figure 94: Middle East and Africa: Wind Energy Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 95: Global: Wind Energy Industry: SWOT Analysis
- Figure 96: Global: Wind Energy Industry: Value Chain Analysis
- Figure 97: Global: Wind Energy Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Wind Energy Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Wind Energy Market Forecast: Breakup by Component (in Million USD), 2025-2033
- Table 3: Global: Wind Energy Market Forecast: Breakup by Rating (in Million USD), 2025-2033
- Table 4: Global: Wind Energy Market Forecast: Breakup by Installation (in Million USD), 2025-2033
- Table 5: Global: Wind Energy Market Forecast: Breakup by Turbine Type (in Million USD), 2025-2033
- Table 6: Global: Wind Energy Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 7: Global: Wind Energy Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 8: Global: Wind Energy Market: Competitive Structure
- Table 9: Global: Wind Energy Market: Key Players
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