Market Size of China Wind Energy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 495.79 gigawatt |
| Market Volume (2029) | 863.27 gigawatt |
| CAGR (2024 - 2029) | 11.73 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Wind Energy Market Analysis
The China Wind Energy Market size is estimated at 495.79 gigawatt in 2024, and is expected to reach 863.27 gigawatt by 2029, growing at a CAGR of 11.73% during the forecast period (2024-2029).
- Over the medium term, factors such as government regulations, and decreasing cost per kilowatt of electricity generated through renewables are expected to drive the market. Rising demands for renewable energy projects within the country are expected to propel the growth of the wind energy market during the forecast period.
- On the other hand, the high competition from other energy sources such as solar, hydro, and fossil fuels is expected to restrain the growth of the market.
- Nevertheless, the development of building-integrated wind turbines (BIWTs), which is expected to create a growth opportunity for the market in the future.
