Onshore Wind Turbine Market to Reach US$ 72.6 Billion by 2030 | CAGR 4.9% | Asia Pacific Leads (40%) | Vestas, Siemens Gamesa, GE Renewable Energy

The Global Onshore Wind Turbine Market reached US$ 51.9 billion in 2022 and is expected to reach US$ 72.6 billion by 2030, growing at a CAGR of 4.9% during the forecast period 2024-2031. Market growth is driven by the increasing demand for renewable energy, supportive government policies and incentives, and global efforts to reduce carbon emissions and transition toward sustainable power generation.

Onshore wind turbines are widely adopted due to their cost-effectiveness, ease of installation, and lower maintenance requirements compared to offshore systems. Technological advancements such as larger rotor diameters, higher hub heights, and improved turbine efficiency are enhancing power output and reliability. Expanding wind farm installations across Asia Pacific, Europe, and North America, along with growing investments in grid infrastructure and energy storage, are further strengthening the long-term growth outlook of the onshore wind turbine market.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://www.datamintelligence.com/download-sample/onshore-wind-turbine-market?sai-v

The Onshore Wind Turbine Market refers to the global industry focused on the manufacturing, installation, and operation of wind turbines deployed on land to generate renewable electricity.

Key Developments
✅ January 2026: In Europe, deployment of next-generation onshore wind turbines with high-capacity gearless drivetrains increased as grid operators sought greater reliability and lower maintenance costs.

✅ December 2025: In Asia-Pacific, large-scale onshore wind projects accelerated in emerging markets supported by favorable renewable energy policies and competitive auction results.

✅ November 2025: In North America, wind developers enhanced turbine siting strategies using advanced wind resource modeling and AI analytics to optimize energy yield and project economics.

✅ October 2025: In Latin America, renewable energy investors expanded financing for onshore wind farms to capitalize on declining levelized cost of energy and diversification of power mixes.

✅ September 2025: In the Middle East, initial procurement activities increased for onshore wind turbine systems as governments set ambitious clean energy targets.

✅ August 2025: In Africa, utility-scale wind project developers advanced community engagement and land-use planning to de-risk early-stage onshore wind investments.

Mergers & Acquisitions
✅ January 2026: In Europe, a leading wind turbine manufacturer acquired a wind resource analytics technology firm to strengthen its digital wind optimization solutions.

✅ December 2025: In Asia-Pacific, a regional energy equipment supplier acquired distribution rights for a global onshore wind turbine brand to broaden its product availability.

✅ November 2025: In North America, a renewable energy company acquired a portfolio of operating onshore wind assets to scale its clean power footprint.

Key Players
Vestas Wind Systems | Siemens Gamesa Renewable Energy | GE Renewable Energy | Goldwind | Nordex Group | Enercon GmbH | Suzlon Energy Ltd. | Envision Energy | Senvion GmbH | Ming Yang Smart Energy Group

Key Highlights
Vestas Wind Systems holds approximately 29.6% share, driven by its leadership in onshore and offshore wind turbine installations, strong global service portfolio, and continuous innovation in high-capacity turbines.

Siemens Gamesa Renewable Energy accounts for about 21.8% share, supported by a dominant position in offshore wind, advanced turbine technology, and a large installed base across Europe and Asia-Pacific.

GE Renewable Energy represents nearly 15.4% share, benefiting from its strong offshore wind platform, digital turbine optimization capabilities, and integration with grid and energy storage solutions.

Goldwind holds around 12.7% share, driven by strong domestic demand in China, competitive turbine pricing, and expanding international project footprint.

Nordex Group captures approximately 7.9% share, supported by its focus on cost-efficient onshore turbines and strong presence in European and Latin American markets.

Enercon GmbH accounts for about 6.4% share, leveraging direct-drive turbine technology, high reliability, and strong positioning in Germany and neighboring regions.

Suzlon Energy Ltd. holds nearly 3.2% share, driven by recovery in domestic Indian demand, cost optimization initiatives, and a growing service-oriented revenue model.

Envision Energy represents around 2.1% share, supported by digital energy platforms, smart wind solutions, and expansion into hybrid renewable projects.

Senvion GmbH accounts for approximately 0.9% share, reflecting its legacy installed base and ongoing servicing of existing wind assets.

Ming Yang Smart Energy Group holds about 2.0% share, driven by growing offshore wind installations in China and increasing focus on large-capacity turbine development.

Buy Now & Unlock 360° Market Intelligence: https://www.datamintelligence.com/buy-now-page?report=onshore-wind-turbine-market?sai-v

Market Drivers
- Rising global demand for renewable energy to reduce carbon emissions and dependence on fossil fuels.

- Supportive government policies, incentives, and renewable energy targets driving onshore wind installations.

- Declining levelized cost of energy (LCOE) for onshore wind improving project economics.

- Technological advancements in turbine design increasing efficiency, capacity, and energy output.

- Expansion of grid infrastructure and repowering of aging wind farms boosting replacement demand.

Industry Developments
- Introduction of larger rotor diameters and higher-capacity onshore wind turbines.

- Advancements in digital monitoring, predictive maintenance, and performance optimization systems.

- Strategic partnerships between turbine manufacturers, project developers, and utility companies.

- Increased focus on hybrid renewable projects combining wind with solar and energy storage.

- Expansion of local manufacturing and supply chains to support large-scale wind deployments.

Regional Insights
Asia Pacific - 40% share: "Driven by large-scale wind power installations, supportive government policies, and strong manufacturing capacity in China and India."

Europe - 30% share: "Supported by mature wind markets, strong regulatory frameworks, and continued repowering of aging onshore wind farms."

North America - 25% share: "Fueled by utility-scale wind projects, federal and state renewable incentives, and rising corporate power purchase agreements."

Latin America - 3% share: "Driven by growing renewable energy investments and increasing adoption of wind power in emerging markets."

Middle East & Africa - 2% share: "Supported by diversification of energy mix and early-stage development of onshore wind projects."

Speak to Our Analyst and Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/onshore-wind-turbine-market?sai-v

Key Segments

By Capacity
Less than 1 MW capacity systems hold a notable share, driven by their suitability for small-scale and distributed power generation applications. The 1 MW to 3 MW segment represents a significant portion, supported by widespread adoption in commercial and utility-scale projects. Systems with capacity greater than 3 MW are witnessing steady growth, driven by increasing demand for high-output installations and large wind energy projects.

By Axis
Horizontal axis systems dominate the market, supported by higher efficiency, technological maturity, and extensive deployment in onshore and offshore wind projects. Vertical axis systems account for a smaller but growing share, driven by their suitability for urban environments and locations with variable wind conditions.

By Size
Small-scale installations are gaining traction due to rising adoption of distributed and community-based energy solutions. Medium-scale systems hold a substantial share, supported by commercial and industrial applications. Large-scale installations represent the dominant segment, driven by utility-scale wind farms and large power generation projects.

By Technology
Electrically excited synchronous generators hold a significant share, supported by their reliability and use in conventional large wind turbines. Permanent magnet synchronous generators are experiencing strong growth, driven by higher efficiency, lower maintenance requirements, and increasing adoption in modern wind turbine designs.

Unlock 360° Market Intelligence with DataM Subscription Services: https://www.datamintelligence.com/reports-subscription

Power your decisions with real-time competitor tracking, strategic forecasts, and global investment insights all in one place.

✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring

Have a look at our Subscription Dashboard: https://www.youtube.com/watch?v=x5oEiqEqTWg

Contact Us -

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.