Onshore Wind Energy Market Insights 2025-2034: Growth Forecast and Strategic Priorities

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Onshore Wind Energy Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the onshore wind energy market has seen robust growth in the last few years. In terms of value, it is predicted to rise from $54.27 billion in 2024 to $57.46 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.9%. The historical period's expansion can be traced to factors such as mounting environmental worries, official incentives and policies favoring renewable energy, advancements in technology that lower costs, an escalating demand for electricity, increasing fossil fuel prices, collaborations between the public and private sectors, and the urge to diversify energy sources.

Onshore Wind Energy Market Size Forecast: What's the Projected Valuation by 2029?
The market size of onshore wind energy is projected to witness considerable growth in the upcoming years, expanding to $71.53 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 5.6%. This surge in growth during the predicted period is thanks to increasing investment in renewable energy infrastructure, enhanced corporate sustainability drives, escalating energy demands from burgeoning economies, favorable regulations and carbon pricing mechanisms, advancements in grid integration and storage technology, and the imperative to achieve climate change mitigation objectives. Emerging trends during this period include the incorporation of innovative technologies, the use of recyclable turbine materials, hybrid energy systems, grid connectivity aids for efficient energy distribution, and technological advancements.

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What Are the Drivers Transforming the Onshore Wind Energy Market?
The surge in electricity demand is predicted to accelerate the expansion of the onshore wind energy market in the future. The persistent, strong need for electricity is fueled by urban expansion, advances in technology, and an increasing dependence on electronic equipment and industrial processes. Onshore wind energy has a significant impact on electricity production by providing a renewable, affordable, and sustainable power source, reducing dependency on fossil fuels. For example, the Energy Information Administration (EIA), a federal agency in the United States, reported that the total electricity end-use consumption in the U.S. in December 2023 increased by roughly 3.2% compared to 2021. Retail electricity sales saw a rise of around 2.6% in the residential sector and 4.7% in the commercial sector. Consequently, the rising electricity demand is propelling the expansion of the onshore wind energy market.

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What Long-Term Trends Will Define the Future of the Onshore Wind Energy Market?
Key players in the onshore wind energy market are focusing on developing onshore wind turbines to augment turbine performance, manage wind resources effectively, and boost overall energy production. Onshore wind turbines, typically seen in wind farms, are land-based machines that produce electricity by tapping into wind energy. For instance, Goldwind, a Chinese wind turbine manufacturer, unveiled two new turbine models, the GWH221-8.X-10 and the GWH24X-12 in April 2023. The GWH24X-12.X is expected to have a capacity of 12 megawatts (MW), potentially making it the largest onshore wind turbine in the world, even outdoing the largest offshore turbines like GE's 14 MW Halliade-X. Thanks to support from the Chinese government and industry partners, Goldwind was able to achieve this feat. As it stands, Goldwind occupies fourth place in terms of global installed wind energy capacity, with a significant presence in China and projects spanning across several continents.

Which Segments in the Onshore Wind Energy Market Offer the Most Profit Potential?
The onshore wind energymarket covered in this report is segmented -

1) By Product Type: Less Than 500 Kilowatt (KW), 500 Kilowatt (KW) To 2 Megawatt (MW), More Than 2 Megawatt (MW)
2) By Wind Capacity: High Wind Speed, Medium Wind Speed, Low Wind Speed
3) By Grid Connectivity: Off Grid, On Grid
4) By Application: Peak Power Management, Power Storage, Demand Response, Frequency Response, System Stability
5) By End User: Utilities, Commercial And Industrial, Hybrid Power

Subsegments:
1) Less Than 500 Kilowatt (KW): Small Residential Wind Turbines, Small Commercial Wind Turbines, Off-Grid Wind Turbines
2) 500 Kilowatt (KW) To 2 Megawatt (MW): Medium-Sized Commercial Wind Turbines, Industrial Wind Turbines, Community Wind Turbines
3) More Than 2 Megawatt (MW): Large Utility-Scale Wind Turbines, Offshore-Adapted Onshore Turbines, High Capacity Industrial Wind Turbines

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Which Firms Dominate the Onshore Wind Energy Market by Market Share and Revenue in 2025?
Major companies operating in the onshore wind energy 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, Renewable Energy Systems (RES), Invenergy, Clearway Energy, Boralex Inc, Mainstream Renewable Power, Apex Clean Energy, Cypress Creek Renewables, Windlab Ltd, Gazelle Wind Power Limited, Vortex Bladeless Ltd

Which Regions Offer the Highest Growth Potential in the Onshore Wind Energy Market?
North America was the largest region in the onshore wind energy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the onshore wind energy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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