Wind Turbine Market to Explode to 1.39 TW by 2030, Fueled by Asia-Pacific Demand and Offshore Growth

Wind Turbine Market to Explode to 1.39 TW by 2030, Fueled by Asia-Pacific Demand and Offshore Growth

Introduction

The global wind turbine industry is poised for remarkable growth, with the installed capacity expected to jump from around 0.21 thousand gigawatts (TW) in 2025 to 1.39 TW by 2030, representing a compound annual growth rate (CAGR) of 45.66%. This rapid expansion reflects a clearer shift toward renewable energy as nations seek cleaner power and stronger energy independence. At the same time, competition from solar and other alternatives is shaping the industry's rate of adoption.

Asia-Pacific remains both the largest and fastest-growing market for wind turbines, thanks to significant policy backing and manufacturing capacity in countries such as China, India, and Japan.

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Key Trends

Several trends are shaping the wind turbine market through 2030:

Rising Appetite for Renewable Generation
Policymakers and utilities worldwide are increasing wind power's share in their energy mix to reduce reliance on fossil fuels. The growing presence of offshore wind targets, such as 380 GW by 2030 and 2,000 GW by 2050 set by the Global Wind Energy Council, is opening huge opportunities for turbine developers.

Asia-Pacific Leadership
Asia-Pacific already hosts the largest installed base and continues to dominate new turbine installations. With strong government incentives and domestic manufacturing hubs, the region is expected to maintain its leadership position through the forecast window.

Offshore Wind Growth, With Caveats
The offshore wind turbine segment is projected to be worth around USD 24.84 billion in 2025, rising to USD 36.76 billion by 2030 at a CAGR of about 8.15%. While offshore holds promise-especially in Europe and China-it also faces hurdles including high capital costs, engineering complexity, and slower pace of orders in some region.

Chinese OEM Dominance
Companies from China such as Goldwind have captured substantial market share, thanks to state backing, scale, and lower costs. For example, Chinese suppliers produced around 60% of global capacity in 2023, with Europe and the US lagging. In the first half of 2024, global onshore wind turbine orders reached 91.2 GW, largely driven by China, while orders in the U.S. and Europe dropped significantly.

Pressure on Western OEMs
Manufacturers based in the West faced delays, inflation, and supply constraints in recent years. As a result, their share of new order intake dropped sharply in early 2024.

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Market Segmentation

The wind turbine market breaks down across several lines. The key segments include:

By Technology / Installation Context

Onshore wind turbines remain the dominant segment due to lower cost and easier permitting.

Offshore turbines continue to grow, especially in coastal markets in Europe and Asia.

By Region

Asia‐Pacific: accounting for the bulk of current installations and forecast growth.

Europe, North America, Latin America, Middle East & Africa: each offering diverse levels of activity and policy support.

By Turbine Size and Use Case

Large utility-scale turbines dominate utility projects.

Small wind turbines, typically 0-100 kW, play a minor but growing part of niche, decentralized use. The small turbine market is projected at USD 2.31 billion in 2025, expanding to USD 3.43 billion by 2030, led by micro-class devices and off‐grid applications — about 56% of that market in 2024 was offline, off‐grid systems — and Asia-Pacific leads both in size and growth rate.

By Application or Usage

Grid‐tied systems (the majority of large-scale wind farms).

Off‐grid or hybrid small wind systems, often paired with solar and battery storage, especially in remote settings.

Bullet summary of segmentation:

Onshore vs offshore turbines

Large-scale vs small wind turbines (0‐5 kW, 21‐100 kW classes)

Application: grid‐connected vs off‐grid/hybrid systems

Regional breakdown: Asia-Pacific, Europe, North America, etc.

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Key Players

Some of the major names shaping the wind turbine space include:

Goldwind: Now the world's leading turbine maker by installations as of 2024, Goldwind installed 18.7 GW globally that year (2.5 GW outside China) and holds about 15% of market share worldwide. Their presence spans 38 countries with large footprints in Australia, Brazil, Chile, the U.S., Pakistan, and beyond. Goldwind is also pushing hybrid systems that combine wind, solar and battery storage and investing in hydrogen and methanol development.

Other global players typically highlighted in market analyses (although not listed in detail in the Mordor report) include Vestas, Siemens Gamesa, GE Renewable Energy, Ørsted and Acciona Energia, as common participants in global wind deployment and power market segments.

In offshore specifically, key firms include those with deep specialized divisions, though rising competition from Chinese logistics and manufacturing is changing the competitive landscape.

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Conclusion

The wind turbine sector is entering a period of fast-paced expansion, with global installed capacity expected to swell from 210 GW in 2025 to 1,390 GW by 2030, driven largely by Asia-Pacific. Pressure from solar and other energy alternatives will shape speed and penetration. Offshore wind offers a growing opportunity worth billions, though it comes with higher cost and technical challenges.

Key players such as Goldwind are reinforcing their global roles, especially in onshore orders. Western suppliers face mounting pressure as Chinese OEMs fill global demand with lower-cost offerings and strong government support. Meanwhile, small wind turbines remain a niche but steady segment, particularly for isolated or hybrid off-grid systems.

Overall, the coming five years offer major expansion for wind turbine deployment. The debate will center on managing offshore costs, balancing regional supply chains, and ensuring a broader mix across onshore, offshore, and smaller distributed applications - all within a landscape increasingly defined by policy incentives and competition from other clean energy sources.

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