Key Influencer in the Onshore Wind Power Market 2025: Growing Demand For Renewable Energy Drives Expansion In Onshore Wind Power Market Driver

What industry-specific factors are fueling the growth of the onshore wind power market?
The escalating necessity for renewable energy is anticipated to drive the expansion of the onshore wind power market. Renewable energy is energy derived from natural, regularly replenished resources and is not exhausted when consumed. The surge in renewable energy requirement primarily stems from the urge to reduce carbon emissions and combat environmental issues. Onshore wind power contributes to the growing need for renewable energy by offering a feasible, environmentally friendly, and increasingly affordable electricity source, thereby facilitating the comprehensive transition towards more sustainable energy practices. For example, the International Trade Administration, a US governmental organization, reported in January 2023 that the country's peak power demand in June 2023 hit a record 223 gigawatts (GW), a 3.4% climb from the top level noted in 2022, with predictions indicating that usage will keep increasing. Thus, the mounting demand for renewable energy is spurring the growth of the onshore wind power market.

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What Is the projected market size and growth rate for the onshore wind power market?
In recent times, there has been a substantial growth in the onshore wind power market size. The market which was valued at $43.5 billion in 2024 is projected to rise to $46.23 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.3%. The historic period of growth was driven by several factors including the declining costs of wind technology, favourable governmental policies and subsidies, heightened environmental consciousness, rising energy demand, advancements in grid infrastructure, the pursuit of energy security, and the need for diversification.

In the coming years, the onshore wind power market is projected to experience robust expansion. It is forecasted to reach $58.35 billion by 2029 at a 6.0% compound annual growth rate (CAGR). This surge in the predicted era is due to the decreasing prices of energy storage solutions, intensifying environmental policies, global treaties, advancements in digital and AI-driven network management, corporate sustainability commitments, escalating electrification in urban and rural areas, and improved involvement and acceptance from communities. Key trends throughout this forecast period encompass progress in digital and AI advancements, incorporation of hybrid power systems with energy storage, introduction of wind projects based on communities, notable cost savings through mass production, advanced grid management via smart grid technologies, amplified focus on eco-friendly procedures, and recycling of turbines.

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What new trends are reshaping the onshore wind power market and its opportunities?
Significant onshore wind power players, such as Goldwind, are focusing on the advancement and creation of onshore wind turbines to increase renewable energy output and manage wind resources more effectively. Onshore wind turbines, which are often located in wind farms, exploit wind energy to produce electricity. For example, in April 2023, Goldwind, based in China, introduced two innovative turbine models, GWH221-8.X-10 and GWH24X-12. The latter is expected to have a capacity of 12 megawatts (MW), making it the largest onshore wind turbine to date, even outdoing the largest offshore turbines such as GE's 14 MW Halliade-X. This breakthrough was achieved with the crucial support of the Chinese government and industry partners, allowing Goldwind to elevate its technology. This has led to the company's current position as the fourth-largest in installed wind energy capacity worldwide, boasting a significant footprint in China and other global projects.

What major market segments define the scope and growth of the onshore wind power market?
The onshore wind powermarket covered in this report is segmented -

1) By Capacity: Below 500 Kilowatt (KW), 500 Kilowatt (KW) To 2 Megawatt (MW), Above 2 Megawatt (MW)
2) By Wind Capacity: High, Medium, Low
3) By Grid Connectivity: Off Grid, On Grid
4) By End-User: Residential, Commercial

Subsegments:
1) Below 500 Kilowatt (KW): Small-Scale Residential Wind Turbines, Agricultural Wind Turbines, Off-Grid Wind Power Systems
2) 500 Kilowatt (KW) To 2 Megawatt (MW): Community Wind Projects, Mid-Size Industrial Wind Turbines, Commercial Wind Farms
3) Above 2 Megawatt (MW): Large-Scale Utility Wind Farms, High-Capacity Industrial Wind Turbines, Grid-Connected Wind Projects

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Which region dominates the onshore wind power market?
North America was the largest region in the onshore wind power market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the onshore wind power market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the onshore wind power industry growth?
Major companies operating in the onshore wind power market are Iberdrola S.A., Duke Energy, NextEra Energy Resources, Vestas Wind Systems AS, Siemens Gamesa Renewable Energy SA, Enel Green Power S.p.A., Sungrow Power Supply Co Ltd, Pattern Energy Group Inc., Canadian Solar Inc., Nordex Group, Enercon GmbH, Brookfield Renewable Partners, Enphase Energy, TransAlta Corp, SMA Solar Technology AG, Renewable Energy Systems (RES), Invenergy LLC, Clearway Energy, Boralex Inc, Mainstream Renewable Power, Apex Clean Energy, Cypress Creek Renewables, Windlab Ltd, Gazelle Wind Power Limited, Vortex Bladeless Ltd.

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

•Market Size Forecast: Examine the onshore wind power market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the onshore wind power market for a structured understanding.
•Key Players Overview: Analyze major players in the onshore wind power market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the onshore wind power market.
•Segment Contributions: Evaluate how different segments drive overall growth in the onshore wind power market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the onshore wind power market.
•Industry Challenges: Identify potential risks and obstacles affecting the onshore wind power market.
•Competitive Landscape: Review strategic developments in the onshore wind power market, including expansions, agreements, and new product launches.

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