Onshore Wind Energy Market Projected to Reach USD 245.17 Billion by 2030

The Onshore Wind Energy Market is expected to reach USD 245.17 Bn. at a CAGR of 26.7 % during the forecast period 2030.

Onshore Wind Energy Market Overview:

The global onshore wind energy market is witnessing robust growth as nations intensify their shift towards renewable power sources. With escalating concerns over climate change and rising energy security demands, governments and private players alike are investing heavily in cost-efficient, clean energy solutions. The global market is projected to grow significantly, driven by declining wind turbine costs, supportive policies, and technological innovations in turbine design and grid integration.

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Onshore Wind Energy Market Dynamics:

The momentum behind the onshore wind energy sector is propelled by increasing electricity consumption, favorable regulatory frameworks, and a global push for carbon neutrality. Countries across Asia-Pacific and Europe are aggressively expanding their wind capacity to diversify energy portfolios and reduce reliance on fossil fuels. However, challenges such as land availability, grid connectivity, and local opposition in some regions could slightly temper growth. Yet, consistent improvements in turbine efficiency and predictive maintenance technologies continue to mitigate these barriers.

Onshore Wind Energy Market Outlook and Future Trends

The future of the onshore wind energy market looks promising, with emerging economies expected to play a critical role in the next phase of expansion. Nations like Vietnam and Thailand are ramping up investments in renewable infrastructure, while advanced markets such as the U.S., Japan, and South Korea focus on modernization and capacity upgrades. The next decade will likely witness a surge in AI-driven wind farm management systems, improved blade materials, and hybrid renewable installations that combine wind and solar for greater efficiency.

Key Recent Developments:

In Vietnam, the government's Power Development Plan 8 has accelerated foreign direct investments in onshore wind, with partnerships forming between European developers and local firms.

Thailand saw its largest wind project acquisition by a Japanese consortium, underscoring growing cross-border collaboration in Asia.

In Japan, new grid connection policies are streamlining wind farm approvals, inviting greater participation from global energy giants.

South Korea is aiming to increase its renewable mix to 30% by 2036, with recent tenders awarded to local and international consortia.

Singapore is investing in offshore and onshore wind via regional partnerships, especially in Indonesia and Vietnam.

In the United States, the Inflation Reduction Act has stimulated a wave of onshore wind development, especially across Texas and the Midwest. M&A activity has surged, with utility-scale projects being acquired by major investment firms seeking green portfolio diversification.

Europe, countries like Germany, Spain, and the Nordics have seen a rise in wind energy investments, with numerous mergers and strategic alliances formed to streamline project development and accelerate carbon-neutral goals by 2050.

Onshore Wind Energy Market Segmentation

by Power Capacity

< 500 KW
500 KW to 2 MW
P> 2 MW

by Wind Capacity

High Wind Speed
Medium Wind Speed
Low Wind Speed

by Application

System Stability
Peak Power Management
Frequency Response
Demand Response
Power Storage

by End-User

Utilities
Hybrid Power
Commercial & Industrial
Others

by Grid Connectivity

Off-grid
On-grid

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

1. Siemens AG
2. Envision energy
3. General Electric Wind Energy
4. Suzlon
5. Vestas Wind System A/S
6. Enercon GmbH
7. Mitsubishi Power Systems
8. Nordex S.E.
9. Repower
10. Gazelle Wind Turbines
11. Clipper Wind Power
12. NEXANS
13. Vestas
14. Xinjiang Goldwind Science & Technology Co., Ltd.

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