Wind Turbine Market to Reach USD 270.1 Billion by 2035, Growing at 8.2% CAGR | Envision Energy, GE Vernova, Goldwind

According to the report, the global wind turbine market is likely to grow from USD 122.8 Billion in 2025 to USD 270.1 Billion in 2035 at a highest CAGR of 8.2% during the time period. The global wind turbine industry is steadily growing due to rising consumption of renewable energy, with demand stemming from sustainability plans, energy security needs, and decarbonization plans in both advanced and developing countries.

Manufacturers and developers are focused on designing the next generation of turbines with larger rotor diameters, hybrid drive systems and AI-enabled condition-based maintenance, in order to improve efficiency and lower lifecycle costs. In February 2025 Vestas unveiled the V236-15.0 MW offshore turbine utilizing cutting edge blade aerodynamics and digital twin technology to optimize turbine performance. In May 2025 Siemens Gamesa introduced the SG 14-236 DD turbine featuring flexible and modular components and AI enabled condition-based maintenance capabilities to maximize offshore yield and time on site.

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Regional Analysis of Global Wind Turbine Market

Asia Pacific is leading the Global Wind Turbine market, with a particular emphasis on the Onshore Wind Turbines sector supported by rapid industrialization, vast renewable energy aspirations, and favorable government incentives for wind power in China, India, and Japan. In May 2025, China implemented a 500 MW onshore wind project utilizing direct drive turbines and AI-based monitoring, strengthening the area of sustainability and technological advancement in power generation.

India, in addition, also continues build up on its onshore wind generation capacity through intentional policy support and large-scale tenders. It publicly launched a 250 MW onshore wind farm in the state of Gujarat in March 2025 and once again implemented permanent magnet direct drive turbines for advancement of operational efficiency, and grid stability.

Japan is also advancing its onshore wind generation additions within its clean energy strategy through continued infrastructure development. In early 2025, a 150 MW onshore wind project using modular direct drive turbines as operational optimization was also officially launched utilizing a digital twin platform for enhanced performance and downtime.

Prominent players operating in global wind turbine market include prominent companies such as CSIC Haizhuang, CWIC, Doosan Heavy Industries, Enercon, Envision Energy, GE Vernova, Goldwind, Hitachi Energy, LM Wind Power, Ming Yang Smart Energy, Nordex, Senvion, Siemens Gamesa, Suzlon Energy, Vestas Wind Systems, Windey, WinWinD, XEMC Windpower, along with several other key players.

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Key Driver, Restraint, and Growth Opportunity Shaping the Global Wind Turbine Market

The global wind turbine market is experiencing a surge of momentum in offshore and onshore applications due to increased investments in renewable energy, grid modernization programs, and carbon reduction policies. Ongoing innovation in hybrid drive systems, larger rotor designs, and AI-enabled digital platforms are unleashing efficiency, reliability, and lifecycle management advantages to turbine operators.

In early 2025, GE Vernova launched its Haliade-X 13 MW offshore turbine complemented by digital twin analytics and predictive maintenance to enable operators to optimize output, while also minimizing downtime. Also in May 2025, Ming Yang Smart Energy launched its MySE 18.X-36X offshore turbine with a modular blade design and AI-enabled smart controls, showing the transition to high capacity, scalable turbines in the market.

However, the industry faces challenges with elevated capital costs, fluctuating raw material prices, and a bottleneck in the supply chain. In Q1 2025, a number of projects in Europe faced delays as the cost of steel vacillated and there were potential logistics issues, reinforcing the need for supply chain resilience and standard procurement processes.

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Recent Development and Strategic Overview:

In July 2025, Envision Energy introduced the use of a digital twin platform, featuring direct AI capabilities, for its entire wind turbine portfolio. The platform enables real-time performance monitoring, predictive maintenance, and adaptive control systems, which in turn can improve energy efficiency, extend turbine life, and comply with new and updated standards for renewable energy, advancing Envision Energy's strategic position in sustainable electricity generation and large-scale deployment of wind-generated energy.

In August 2025, Ming Yang Smart Energy launched an advanced turbine optimization system integrating cutting-edge cloud technologies, utilizing deep learning and cloud-based analytics. This system specifically targets better management of loads, predictive fault detection, and optimization in performance, as operational costs will decline and downtime will be reduced. This initiative is yet another confirmation of Ming Yang's leadership position in high-performance wind solutions and its desire to accelerate the global adoption of renewable energy.

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Key Trend: Trend Toward Smart, Integrated Turbine Management Systems

The wind turbine sector is now adopting integrated turbine management systems that combine performance monitoring, predictive maintenance, and grid integration. These systems allow improved operational oversight, asset reliability, and regulatory compliance while optimizing energy generation.

In August 2025, Suzlon announced a cloud-based control system for both its onshore and offshore projects, bringing AI-enabled performance analytics capabilities to condition monitoring dashboards to create a complete, end-to-end turbine management solution. While offshore and hybrid wind projects become more common, integrated turbine management systems will be essential to overcoming operational silos, improving asset performance, and contributing to the development of smart data-driven renewable energy systems.

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