Press release
Onshore Wind Energy Market Set for Strong Growth Through 2030
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 onshore wind energy market is undergoing rapid expansion as nations worldwide prioritize the transition to cleaner energy sources. This market focuses on wind turbines installed on land, offering a cost-effective and scalable solution for renewable energy generation. Governments, utilities, and private sector entities are increasingly investing in onshore wind projects to reduce reliance on fossil fuels and meet climate goals. With improving technology and decreasing operational costs, onshore wind energy is becoming a cornerstone of global energy strategies.
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Onshore Wind Energy Market Dynamics:
The market is driven by a combination of regulatory support, technological progress, and growing environmental awareness. Incentives such as feed-in tariffs, tax credits, and renewable energy targets are encouraging developers to expand wind capacity. On the other hand, market growth can be constrained by challenges including land availability, permitting delays, environmental concerns, and integration with existing power grids. Nevertheless, innovations in turbine design and energy storage are helping to overcome many of these hurdles.
Onshore Wind Energy Market Outlook and Future Trends :
Looking ahead, the onshore wind energy market is expected to maintain strong momentum, supported by decarbonization efforts and commitments to clean energy transitions. Emerging trends include the development of taller turbines with longer blades, which can capture more energy even in areas with lower wind speeds. The adoption of digital technologies for monitoring and predictive maintenance is also anticipated to improve performance and reduce downtime. Expansion into new geographies, particularly in developing regions, will likely be a major factor in future market growth.
Key Recent Developments:
Recent activities in the sector highlight a mix of policy shifts, new project launches, and strategic partnerships. Several countries have updated regulations to streamline approval processes for wind installations, aiming to accelerate deployment. At the same time, major energy firms are announcing large-scale investments in new wind farms or upgrading existing infrastructure to boost output. Cross-sector collaborations are also emerging, linking wind energy with other technologies such as green hydrogen production and grid modernization initiatives.
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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
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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