Wind Turbine Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

The Wind Turbine Market Research Report is Segmented by Location of Deployment (Onshore and Offshore), Capacity (Small, Medium, and Large), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report PDF Offers the Installed Capacity, Wind Turbine Market Share, Forecasts, and Price Trend in GW for all the Above-Mentioned Segments.

Wind Turbine Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

Wind Turbine Market Size

Wind Turbine Market Summary
Study Period 2019 - 2030
Market Volume (2025) 0.21 Thousand gigawatt
Market Volume (2030) 1.39 Thousand gigawatt
CAGR 45.66 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Wind Turbine Market Companies

*Disclaimer: Major Players sorted in no particular order

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Wind Turbine Market Analysis

The Wind Turbine Market size is estimated at 0.21 thousand gigawatt in 2025, and is expected to reach 1.39 thousand gigawatt by 2030, at a CAGR of 45.66% during the forecast period (2025-2030).

  • Over the medium period, factors such as increasing demand for renewable energy sources, especially wind power, in the power generation mix, efforts to reduce the reliance on fossil fuel-based power generation, and regulations on energy efficiency are expected to drive the wind turbine industry growth. 
  • On the other hand, the adoption of alternative clean energy sources like solar and other alternatives is likely to hinder the market growth and affect wind turbine market share. 
  • The market forecast report reveals that the Global Wind Energy Council committed to achieving 380 GW of offshore wind by 2030 and 2,000 GW by 2050 worldwide, which is likely to provide significant opportunities for the deployment of wind turbines soon. 
  • The Wind turbine industry analysis report indicates that Asia-Pacific is expected to be the largest and fastest-growing market, owing to the largest market share in terms of wind power generation and the presence of manufacturing and technology hubs in countries like China, India, Japan, etc. 

Wind Turbine Industry Overvview

The global wind turbine market is moderately fragmented. Some of the largest companies in the market (in no particular order) include Vestas Wind Systems AS, Siemens Gamesa Renewable Energy SA, General Electric Company, Nordex SE, and Suzlon Energy Limited, among others. 

Wind Turbine Market Leaders

  1. General Electric Company

  2. Vestas Wind Systems A/S

  3. Nordex SE

  4. Suzlon Energy Limited

  5. Siemens Gamesa Renewable Energy, S.A.

  6. *Disclaimer: Major Players sorted in no particular order
Wind Turbine Market Concentration
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Wind Turbine Market News

  • January 2024: Suzlon Group made a new 225 MW wind energy order from Everrenew Energy. As per the order, the company will install 75 wind turbine generators with a Hybrid Lattice Tubular tower and a rated capacity of 3 MW each at Everrenew Energy's sites at Vengaimandalam, Trichy district, and Ottapidaram, Tuticorin district in Tamil Nadu.
  • November 2023: GE Vernova agreed with O2 Power Private Limited to supply, install, and commission 36 units of its workhorse 2.7-132 onshore wind turbines for the 97 MW wind power projects in Maharashtra, India.
  • January 2023: Braun Windturbinen GmbH, a wind turbine manufacturer in Germany, announced the installation of 7.5 KW of small wind turbines. The system operates three parallel to the grid with the Smart Wind SW7.5 and as a backup heating system with a 6.0 kW heating rod. When 2.5 kW is reached in grid-parallel operation, the heating rod is automatically switched on according to the turbine characteristic curve. The monitoring of the domestic hot water temperature is adjustable and installed at the small wind turbine.

Wind Turbine Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Wind Turbine Installed Capacity and Forecast in GW, till 2029
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Market Drivers
    • 4.5.1.1 Increasing Demand for Renewable Energy Sources
    • 4.5.1.2 Efforts to Reduce the Reliance on Fossil Fuel-Based Power Generation
    • 4.5.2 Market Restraints
    • 4.5.2.1 The Adoption of Alternative Clean Energy Sources
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Location of Deployment
    • 5.1.1 Onshore
    • 5.1.2 Offshore
  • 5.2 Capacity
    • 5.2.1 Small
    • 5.2.2 Medium
    • 5.2.3 Large
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of the North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Spain
    • 5.3.2.5 Russia
    • 5.3.2.6 NORDIC
    • 5.3.2.7 Italy
    • 5.3.2.8 Turkey
    • 5.3.2.9 Rest of the Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 Australia
    • 5.3.3.5 Thailand
    • 5.3.3.6 Vietnam
    • 5.3.3.7 Malaysia
    • 5.3.3.8 Indonesia
    • 5.3.3.9 Rest of the Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Colombia
    • 5.3.4.4 Rest of the South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 United Arab Emirates
    • 5.3.5.2 Saudi Arabia
    • 5.3.5.3 South Africa
    • 5.3.5.4 Egypt
    • 5.3.5.5 Qatar
    • 5.3.5.6 Nigeria
    • 5.3.5.7 Rest of the Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Vestas Wind Systems AS
    • 6.3.2 Siemens Gamesa Renewable Energy SA
    • 6.3.3 General Electric Company
    • 6.3.4 Nordex SE
    • 6.3.5 Suzlon Energy Limited
    • 6.3.6 Xinjiang Goldwind Science & Technology Co. Ltd
    • 6.3.7 Eaton Corporation PLC
    • 6.3.8 Enercon GmbH
    • 6.3.9 Hitachi Ltd.
    • 6.3.10 Vergnet
  • *List Not Exhaustive
  • 6.4 Market Ranking/Share (%) Analysis

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Supporting Aim of Global Wind Energy Council for Upcoming Installation
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Wind Turbine Industry Segmentation

Wind turbines are a growing source of intermittent renewable energy, and they are employed in many nations to minimize energy costs and reliance on fossil fuels. 

The wind turbine market is segmented by location of deployment, capacity, and geography. By location of deployment, the market is segmented into onshore and offshore. By capacity, the market is segmented into small, medium, and large. The analysis report also covers the market size and growth forecast for the wind turbine market across major regions, such as Asia-Pacific, North America, Europe, South America, and the Middle East and Africa. 

For each segment, the industry size and forecasts are provided based on installed capacity (GW) and are extensively outlined in the report PDF. 

Location of Deployment Onshore
Offshore
Capacity Small
Medium
Large
Geography North America United States
Canada
Rest of the North America
Europe Germany
United Kingdom
France
Spain
Russia
NORDIC
Italy
Turkey
Rest of the Europe
Asia-Pacific China
India
Japan
Australia
Thailand
Vietnam
Malaysia
Indonesia
Rest of the Asia-Pacific
South America Brazil
Argentina
Colombia
Rest of the South America
Middle East and Africa United Arab Emirates
Saudi Arabia
South Africa
Egypt
Qatar
Nigeria
Rest of the Middle East and Africa
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Wind Turbine Market Research FAQs

How big is the Wind Turbine Market?

The Wind Turbine Market size is expected to reach 0.21 thousand gigawatt in 2025 and grow at a CAGR of 45.66% to reach 1.39 thousand gigawatt by 2030.

What is the current Wind Turbine Market size?

In 2025, the Wind Turbine Market size is expected to reach 0.21 thousand gigawatt.

Who are the key players in Wind Turbine Market?

General Electric Company, Vestas Wind Systems A/S, Nordex SE, Suzlon Energy Limited and Siemens Gamesa Renewable Energy, S.A. are the major companies operating in the Wind Turbine Market.

Which is the fastest growing region in Wind Turbine Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Wind Turbine Market?

In 2025, the Asia Pacific accounts for the largest market share in Wind Turbine Market.

What years does this Wind Turbine Market cover, and what was the market size in 2024?

In 2024, the Wind Turbine Market size was estimated at 0.11 thousand gigawatt. The report covers the Wind Turbine Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Wind Turbine Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Wind Turbine Industry Report

The global wind turbine market is experiencing a period of robust growth, fueled by the increasing demand for renewable energy sources in the fight against climate change. Wind turbines play a crucial role in converting wind energy into electricity, utilizing the aerodynamic force from rotor blades, similar to airplane wings or helicopter rotors. The market is evolving with advancements across various segments, including axis type, installation, component, and application, serving industrial, commercial, residential, and utility sectors, where price trends within each segment were analyzed to help businesses to adapt changing market conditions. The vertical axis type, onshore installations, and rotator blade components are especially emphasized for their market dominance and expected growth. Asia-Pacific, in particular, is leading the charge, propelled by rapid industrialization and a growing demand for renewable energy, with offshore wind turbine segments presenting significant opportunities due to declining costs and technological innovations. This evolution is marked by a focus on sustainable development and a shift towards larger, more efficient turbine designs that aim to reduce wind energy costs, making it competitive with fossil fuels in some regions. This dynamic landscape highlights the wind turbine industry's critical role in the global shift towards more sustainable energy solutions, as detailed in market reports by Mordor Intelligence™, which provide a global market outlook, price trend, industry revenue and a historical market overview, available as a free report PDF download for further insights. The market forecast report extensively outlines growth forecasts, market trend, and market cap for each segment. The analysis PDF provides crucial data that supports decision-making in both onshore and offshore wind turbine markets across different capacities and geographic regions.