Product Code: 16340
The Global Wind Energy Market will grow from USD 87.82 Billion in 2025 to USD 165.51 Billion by 2031 at a 11.14% CAGR. The Global Wind Energy Market encompasses the engineering, manufacturing, and deployment of turbines that harness kinetic air energy to generate electricity. Market growth is primarily sustained by rigorous national decarbonization targets and a strategic emphasis on energy security to reduce dependence on imported fuels.
| Market Overview |
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 87.82 Billion |
| Market Size 2031 | USD 165.51 Billion |
| CAGR 2026-2031 | 11.14% |
| Fastest Growing Segment | Industrial |
| Largest Market | Asia Pacific |
Key Market Drivers
The implementation of favorable government policies and financial incentives serves as a primary catalyst for the Global Wind Energy Market. National strategies, such as tax credits, feed-in tariffs, and renewable energy auctions, mitigate investment risks and lower the capital barrier for new infrastructure projects. These regulatory frameworks are essential for accelerating deployment rates across major economies by ensuring long-term revenue visibility for developers.
Key Market Challenges
Inadequate transmission infrastructure and protracted regulatory approval timelines constitute a primary barrier to the expansion of the Global Wind Energy Market. As developers seek to deploy capacity in resource-rich areas, existing power grids often lack the physical capability to integrate the influx of variable renewable energy. This technical limitation forces grid operators to impose curtailment measures or deny connection requests, which significantly undermines the revenue potential of wind assets.
Key Market Trends
The proliferation of Corporate Power Purchase Agreements is reshaping the market's financial structure by reducing reliance on government subsidies and diversifying revenue streams. Large multinational corporations, driven by internal decarbonization targets and the need to hedge against volatile electricity prices, are increasingly bypassing traditional utility contracts to procure energy directly from wind developers. This shift provides projects with the long-term bankability required to secure financing in competitive, zero-subsidy environments, thereby sustaining installation volumes even as public support mechanisms evolve.
Key Market Players
- Goldwind
- Envision Energy
- MingYang Smart Energy
- Windey
- Vestas Wind Systems
- Siemens Gamesa Renewable Energy
- GE Vernova
- NextEra Energy
- Nordex Group
- Suzlon Energy
Report Scope:
In this report, the Global Wind Energy Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Wind Energy Market, By Type:
Wind Energy Market, By End-User:
- Industrial
- Commercial
- and Residential
Wind Energy Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Wind Energy Market.
Available Customizations:
Global Wind Energy Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Wind Energy Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Type (Offshore and Onshore)
- 5.2.2. By End-User (Industrial, Commercial, and Residential)
- 5.2.3. By Region
- 5.2.4. By Company (2025)
- 5.3. Market Map
6. North America Wind Energy Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By End-User
- 6.2.3. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Wind Energy Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.2. By End-User
- 6.3.2. Canada Wind Energy Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Type
- 6.3.2.2.2. By End-User
- 6.3.3. Mexico Wind Energy Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Type
- 6.3.3.2.2. By End-User
7. Europe Wind Energy Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By End-User
- 7.2.3. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Wind Energy Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By End-User
- 7.3.2. France Wind Energy Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By End-User
- 7.3.3. United Kingdom Wind Energy Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By End-User
- 7.3.4. Italy Wind Energy Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type
- 7.3.4.2.2. By End-User
- 7.3.5. Spain Wind Energy Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type
- 7.3.5.2.2. By End-User
8. Asia Pacific Wind Energy Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By End-User
- 8.2.3. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Wind Energy Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By End-User
- 8.3.2. India Wind Energy Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By End-User
- 8.3.3. Japan Wind Energy Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By End-User
- 8.3.4. South Korea Wind Energy Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By End-User
- 8.3.5. Australia Wind Energy Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By End-User
9. Middle East & Africa Wind Energy Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By End-User
- 9.2.3. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Wind Energy Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By End-User
- 9.3.2. UAE Wind Energy Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By End-User
- 9.3.3. South Africa Wind Energy Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By End-User
10. South America Wind Energy Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By End-User
- 10.2.3. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Wind Energy Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By End-User
- 10.3.2. Colombia Wind Energy Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By End-User
- 10.3.3. Argentina Wind Energy Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By End-User
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Wind Energy Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Goldwind
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Envision Energy
- 15.3. MingYang Smart Energy
- 15.4. Windey
- 15.5. Vestas Wind Systems
- 15.6. Siemens Gamesa Renewable Energy
- 15.7. GE Vernova
- 15.8. NextEra Energy
- 15.9. Nordex Group
- 15.10. Suzlon Energy
16. Strategic Recommendations
17. About Us & Disclaimer