A Deep Dive into Onshore Wind Turbine Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034

What Are the Market Size and Growth Forecast for the Onshore Wind Turbine Market?
The market size for onshore wind turbines has seen significant growth in the past few years. There will be an increase from $50.73 billion in 2024 to $53.71 billion in 2025 with a compound annual growth rate (CAGR) of 5.9%. The unprecedented growth during the historic period can be traced back to factors such as an increase in government subsidies and incentives, growing energy needs, heightened environmental consciousness, supportive regulations for renewable energy, reduction in wind power generation costs, and the development of wind power infrastructure.

Strong expansion is predicted for the onshore wind turbine market in the coming years, with an expected rise to $66.84 $ billion by 2029, signifying a compound annual growth rate (CAGR) of 5.6%. Factors contributing to this projected growth include an intensified focus on countering climate change, an increase in green energy mandates, improvements in grid integration capacities, increased funding for renewable energy infrastructure, and progress in constructing larger, more efficient wind turbines. The forecast period will likely see an uptick in adopting progressive turbine technologies for enhanced efficiency, building larger and more potent turbine models, merging wind power with energy storage solutions, heightened focus on sustainable and environmentally-friendly manufacturing processes, and integration with grid infrastructures.

What Is Contributing to the Growth of the Onshore Wind Turbine Market?
The growth of the onshore wind turbine market is anticipated to be propelled by the rising demand for renewable energy. Naturally replenished sources like wind and sunlight are used to produce renewable energy, which is significant in reducing greenhouse gas emissions, combating climate change and securing a clean energy supply. Factors such as environmental concerns, fossil fuel depletion, and technological advancements are driving the growing demand for renewable energy. Onshore wind turbines are devices that convert wind energy into renewable electricity, thus reducing greenhouse gas emissions and our reliance on fossil fuels. Their flexible and scalable form allows for implementation at various sites, aiding grid stability and pairing well with other sources of renewable energy. For example, the peak demand in the US in June 2023, as per the International Trade Administration, a US government agency, was a record 223 gigawatts (GW). This is a 3.4% increase compared to the top demand level in 2022, indicating ongoing growth in consumption. As a result, the escalating demand for renewable energy is fuelling the expansion of the onshore wind turbine market.

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Which Key Market Leaders Are Driving Onshore Wind Turbine Industry Growth?
Major companies operating in the onshore wind turbine market are Hitachi Ltd., GE Vernova Inc., Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy S.A.U., Pattern Energy, Nordex SE, Dongfang Electric Corporation, ENERCON Global GmbH, EDF Renewables SA, Suzlon Energy Limited, ReGen Powertech Pvt. Ltd., Envision Energy USA Limited, Sinovel Wind Group Co. Ltd., Emergya Wind Technologies B.V, M.Torres Ólvega Industrial S.L., Inox Wind Ltd., Leitwind Shriram Manufacturing Ltd., Northern Power Systems Inc., XZERES Corp., Doosan Power Systems India Pvt Ltd., Bergey Windpower Co., Senvion GmbH

What Are the Emerging Trends in the Onshore Wind Turbine Industry?
Leading corporations in the onshore wind turbine market are concentrating on creating innovative solutions like land-based turbines to boost structural efficiency and augment renewable energy production abilities. Land-based turbines, which are fixed on firm ground to harness wind energy and morph it into electrical power, play a vital role in generating renewable energy in terrestrial wind farms. For instance, Mingyang Smart Energy, a wind turbine manufacturer from China, in January 2023, set-up the Myse 8.5-216, billed as one of the biggest onshore wind turbines accessible. It comes with a rotor diameter of 216 meters and has a rated power capacity of 8.5 megawatts. The turbine, capable of generating about 200,000 kWh of electricity daily, is ideally suited for large-scale wind farms. It is engineered to work in severe settings, such as deserts, and can bear sandstorm and extreme temperature. The primary components of the Myse 8.5-216, including the motor and high-efficiency blades, undergo extensive testing both in-house and at external laboratories to guarantee durability and supreme performance under diverse conditions.

What Are the Main Segments in the Onshore Wind Turbine Market?
The onshore wind turbinemarket covered in this report is segmented -

1) By Axis: Horizontal Axis, Vertical Axis
2) By Size: Small Scale, Medium Scale, Large Scale
3) By Technology: Electrically Excited Synchronous Generator, Permanent Magnet Synchronous Generator
4) By Capacity: Less Than 1 Megawatt (MW), 1 Megawatt (MW) To 3 Megawatt (MW), More Than 3 Megawatt (MW)

Subsegments:
1) Horizontal Axis: Upwind Turbines, Downwind Turbines, Variable Pitch Turbines
2) Vertical Axis: Darrieus Turbines, Savonius Turbines, Helical Turbines

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Which Geographic Area Leads the Onshore Wind Turbine Market?
North America was the largest region in the onshore wind turbine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the onshore wind turbine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Onshore Wind Turbine Global Market Report?

- Market Size Analysis: Analyze the Onshore Wind Turbine Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Onshore Wind Turbine Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Onshore Wind Turbine Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Onshore Wind Turbine Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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