Global Wind Energy Market Valued at USD 71 Billion in 2023, Projected to Reach Nearly USD 85.13 Billion by 2030, Growing at a 9.5% CAGR

𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐆𝐫𝐨𝐰𝐭𝐡:

𝐖𝐢𝐧𝐝 𝐄𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at USD 71 Bn. in 2023 and the total Wind Energy revenue is expected to grow at a CAGR of 9.5% from 2024 to 2030, reaching nearly USD 85.13 Bn. by 2030.

𝐖𝐢𝐧𝐝 𝐄𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Wind energy is rapidly advancing as a key technology for harnessing clean energy from both land-based and offshore sources. It is noted for its efficiency and environmental sustainability, with zero emissions, local generation, and an inexhaustible supply. Wind energy reduces reliance on fossil fuels, which are major contributors to greenhouse gases and global warming, while also boosting economic growth and competitiveness. Currently, wind energy contributes to 5% of global electricity production and 8% of the U.S. electricity supply, underscoring its growing importance in the energy sector.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.stellarmr.com/report/req_sample/Wind-Energy-Market/2141

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐖𝐢𝐧𝐝 𝐄𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬?

In 2023, China led the global wind energy market in onshore wind turbine nacelle assembly with an annual capacity of 82 GW, followed by Europe with 21.6 GW, the U.S. with 13.6 GW, India with 11.5 GW, and Latin America with 6.2 GW. Offshore wind turbine supply chains are more concentrated, with over 99% of installations in Europe and the Asia-Pacific region. China stands out as the leading center for offshore turbine nacelle production, with an annual capacity of up to 16 GW, including 1 GW from a Western turbine OEM.

The wind energy sector significantly impacts the U.S. economy, environmental sustainability, and community development. In 2022, wind turbines across all 50 states accounted for over 10% of the nation's net energy production. Investments in new wind projects added $20 billion to the U.S. economy that year, reflecting the sector's financial growth potential. Wind turbines convert wind into electricity without burning fuel, thereby reducing air pollution and reliance on fossil fuels. In the U.S., wind energy avoids 336 million metric tons of carbon dioxide emissions annually, equivalent to the emissions from 73 million cars, highlighting its role in combating climate change and enhancing environmental health.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐖𝐢𝐧𝐝 𝐄𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 ?

Asia held the largest share of the wind energy market in 2023 and is expected to maintain its dominance. China's substantial contributions drive the region's growth, supported by India's expansion efforts, Japan's investments, and Vietnam's emerging presence. These countries are leveraging wind power to meet rising electricity demands sustainably and address climate change. China alone added 75 GW of new wind capacity in 2023, setting a global record and representing 65% of the market for new wind turbines. With a 19.2% annual growth rate, China is on track to exceed half a terawatt in 2024, reinforcing its leadership in global wind power development.

𝐅𝐑𝐄𝐄 𝐆𝐞𝐭 𝐚 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰! @https://www.stellarmr.com/report/req_sample/Wind-Energy-Market/2141

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐖𝐢𝐧𝐝 𝐄𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 ?

By Type

Onshore

Offshore

By End-user

Industrial

Commercial

Residential

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐖𝐢𝐧𝐝 𝐄𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

Vestas Wind Systems (Aarhus, Denmark)
Siemens Gamesa Renewable Energy (Zamudio, Spain)
GE Renewable Energy (Paris, France)
Nordex SE (Hamburg, Germany)
Enercon (Aurich, Germany)
Goldwind (Beijing, China)
Suzlon Energy Limited (Pune, India)
MingYang Smart Energy (Zhongshan, China)
Envision Energy (Shanghai, China)
Senvion (Hamburg, Germany)
Sinovel Wind Group (Beijing, China)
Dongfang Electric Corporation (Chengdu, China)
Acciona Windpower (Madrid, Spain)
Nordex Acciona (Hamburg, Germany)
Windey Co., Ltd. (Hangzhou, China)
United Power (Beijing, China)
NextEra Energy Resources (Juno Beach, Florida, USA)
Ørsted (Fredericia, Denmark)
Siemens AG (Munich, Germany)
E.ON Climate & Renewables (Essen, Germany)

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐥𝐞𝐚𝐬𝐞 𝐕𝐢𝐬𝐢𝐭:https://www.stellarmr.com/report/Wind-Energy-Market/2141

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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sales@stellarmr.com

𝐀𝐛𝐨𝐮𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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