Clean Energy Investments Drive Growth In The Wind Electricity Market: A Key Catalyst Accelerating Wind Electricity Market Growth in 2025

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Wind Electricity Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the wind electricity market has seen significant growth in the past few years. The market which is expected to increase from $191.93 billion in 2024 to $213.99 billion in 2025, boasts a compound annual growth rate (CAGR) of 11.5%. Factors such as government incentives, grid integration, cost cutbacks, and environmental considerations have contributed to the growth observed in the historic period.

Wind Electricity Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the wind electricity market is projected to witness significant expansion, reaching a value of $313.28 billion in 2029 with a compound annual growth rate (CAGR) of 10.0%. The anticipated growth during this forecasted period can be ascribed to factors such as grid flexibility, energy storage, the global energy transition, and demand from both public and corporate sectors. The forecast period will also see major trends such as technological advancements, capacity increment, offshore winds, larger turbines, hybrid systems, corporate power purchase agreements (ppas), floating wind farms, and market diversification.

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What Are the Drivers Transforming the Wind Electricity Market?
The surge in clean energy investments is a key driver propelling the wind electricity market's enlargement. Clean energy, characterized by its renewable and zero-emission nature, doesn't harm the environment. Solar, hydro, and wind power are the principal contributors to this clean energy segment. For example, in May 2023, the International Energy Agency (IEA), a France-based intergovernmental body, reported that investments in clean energy technologies have been exceeding those in fossil fuels. This shift is largely due to worries about cost-effectiveness and energy reliability amid a worldwide energy crisis, thereby accelerating the adoption of more eco-friendly energy alternatives. The IEA projects a 24% jump in clean energy investments from 2021 to 2023, mainly spurred by renewable and electric vehicle advancements, while fossil fuel investments are anticipated to see a 15% increase over the same span. Around $2.8 trillion is set aside for worldwide energy investments in 2023, with more than $1.7 trillion allocated to clean technologies, including renewables, electric vehicles, nuclear power, grid technology, storage, low-emission fuels, efficiency improvements, and heat pumps. Consequently, the ascending trend of clean energy investments to satisfy energy requirements is triggering the expansion of the wind electricity market.

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What Long-Term Trends Will Define the Future of the Wind Electricity Market?
Hybrid wind-hydro power generation systems have surfaced as a primary trend in the wind energy power generation market. These systems integrate wind turbines and pumped storage to produce electricity. Such systems allow for the generation of electric power from wind energy around the clock, and the conversion of water movement into electric power when water falls from the reservoirs. When extra energy is produced, it is stored by pumping water back into the reservoirs, functioning like a large battery. The collaboration of wind turbines and hydro turbines results in a constant flow of electricity from the facility. For example, Iberdrola, S.A., a Spanish electric company, initiated the world's first wind-solar hybrid plant in Australia in October 2022. The site, equipped with 50 wind turbines and 250,000 solar panels, stands as the most extensive wind-solar hybrid farm in the southern hemisphere. The facility will mitigate the release of 400,000 metric tons of CO2 into the atmosphere annually and is capable of creating sufficient clean energy to address the demands of 180,000 Australian homes. The combination of a 210 MW wind farm and a 107 MW photovoltaic plant culminates into a 317 MW total capacity project. Power generation corporations should think about adopting the hybrid wind-hydro turbine blueprint to boost their production of electricity.

Which Segments in the Wind Electricity Market Offer the Most Profit Potential?
The wind electricity market covered in this report is segmented -

1) By Connectivity: On-Grid, Off-Grid
2) By Location: Onshore, Offshore
3) By End-User: Industrial, Commercial, Residential

Subsegments:
1) By On-Grid: Residential, Commercial, Industrial
2) By Off-Grid: Remote Areas, Standalone Systems, Hybrid Systems

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Which Firms Dominate the Wind Electricity Market by Market Share and Revenue in 2025?
Major companies operating in the wind electricity market include Ming Yang Smart Energy Group Limited, NextEra Energy Resources LLC, Pacific Hydro Pty Ltd., Shell WindEnergy Inc., TransAlta Corporation, Xinjiang Goldwind Science & Technology Co. Ltd., Berkshire Hathaway Energy Company, Pattern Energy Group Inc., Iberdrola Renewables LLC, EON Climate & Renewables North America LLC, Alstom SA, ABO Wind AG, Vattenfall AB, A2SEA A/S, Tradewind Energy Inc., Geronimo, ReGen Powertech, Leitwind, Doosan Heavy Industries & Construction, Northland Power Inc., Duke Energy Corporation, Electricité de France S.A., American Electric Power Company Inc., Orsted A/S, DeWind Inc., Dongfang Electric Corporation Limited, Enel Green Power S.p.A., Wind World (India) Limited, Eurus Energy Holdings Corporation, Guodian United Power Technology Company Limited

Which Regions Offer the Highest Growth Potential in the Wind Electricity Market?
Asia-Pacific was the largest region in the wind electricity market in 2023. Western Europe was the second largest region in the wind electricity market. The regions covered in the wind electricity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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