Market Size of Europe Wind Power Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 15.24 Billion |
| Market Size (2029) | USD 26.71 Billion |
| CAGR (2024 - 2029) | 11.89 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Wind Power Equipment Market Analysis
The Europe Wind Power Equipment Market size is estimated at USD 15.24 billion in 2024, and is expected to reach USD 26.71 billion by 2029, growing at a CAGR of 11.89% during the forecast period (2024-2029).
- Over the long term, Rising wind farm investments and falling wind energy costs are expected to drive the Europe wind power equipment market during the forecast period.
- On the other hand, the increase in Solar energy projects across the region hinders the growth of the market during the forecast period.
- Nevertheless, the development and commercialization of floating offshore wind technology are expected to be significant opportunities for the market beyond the forecast period.
- Germany is expected to dominate the market due to the rise of wind energy projects during the forecast period.
