The global wind power generation market was valued at approximately US$ 127.3 billion in 2022 and is anticipated to grow to around US$ 247.2 billion by 2030. This market is expected to experience a compound annual growth rate (CAGR) of 8.6% from 2022 through 2030.
The wind power generation sector is crucial in the worldwide energy framework, making a substantial contribution to the production of clean and renewable electricity. Wind energy, which is harnessed from the kinetic energy of the wind, has been utilized for over a century. Contemporary wind energy projects have advanced significantly, becoming efficient and environmentally sustainable sources of power.
One of the primary benefits of wind energy is its sustainability and minimal environmental footprint when compared to traditional fossil fuel energy sources. Wind power plants can be classified based on their deployment type into onshore and offshore categories. The onshore segment currently holds the largest share of the wind power generation market due to its cost-effectiveness, which is expected to further enhance its growth in the upcoming years. Additionally, the offshore segment is projected to expand at a more rapid rate during the forecast period. According to the European Wind Energy Association, the United Kingdom leads Europe in installed offshore wind capacity, accounting for 44% of all offshore wind energy installations (in megawatts). Following the UK are Germany (34%), Denmark (7%), Belgium (6.4%), and the Netherlands (6%). Consequently, the increasing establishment of offshore wind farms is driving the growth of the wind power generation market in the coming years. Furthermore, a report from the Floating Offshore Wind Centre of Excellence has identified 22 countries poised to become significant players in this emerging renewable energy technology. In January 2022, the UK government announced funding for 11 successful projects, each receiving up to US$ 959.23 million, as part of a US$ 2.97 billion initiative to enhance renewable energy production in the UK. In April 2022, Technip Energies was chosen by Equinor to conduct front-end engineering design (FEED) for the offshore floating wind Firefly project located on South Korea's East Coast.
Nevertheless, wind energy plants primarily consist of large metal components such as towers, nacelles, and rotor blades, which represent about 80% of the total cost of a typical turbine. The initial costs associated with installing offshore wind turbines, which involve multiple mooring lines and anchors, can be quite high. The availability of land for wind turbine installation is limited by various factors, including technical, social, economic, and environmental considerations. As a result, suitable land for wind power plants tends to be more expensive and requires compliance with numerous regulations, which further increases the installation costs. The high costs of components contribute to the overall capital expenditure of wind power plants, which is expected to hinder the growth of the wind power generation market in the near future.
The Asia Pacific region currently leads the wind power generation market, driven by favorable government policies, increased investments in wind energy projects, and declining costs associated with wind energy, which have led to greater adoption. Countries such as China, India, and Japan dominate the market, and their share is expected to grow in the coming years. China, in particular, has maintained its position as the largest onshore market, adding 21.2 GW of new capacity. Supportive government policies and incentives have made China an attractive destination for investment, suggesting that the wind power generation market will continue to thrive. According to the Global Wind Energy Council (GWEC), Asia Pacific is projected to emerge as a leader in offshore wind, with its share of the global offshore wind market expected to rise from 24% in 2019 to 42% by 2025. The GWEC also forecasts significant growth in the global wind energy sector from 2022 to 2025, with a CAGR of 3.5% and an annual added capacity reaching 110.6 GW by 2025. Thus, the increase in wind power installations in the region is likely to propel the growth of the wind power generation market in Asia Pacific from 2022 to 2030.
The global wind power generation market report is categorized based on deployment type, end-user, power capacity, and geography. The deployment types include onshore and offshore wind power generation. The market is also segmented by power capacity into categories of less than 10 MW and above 10 MW. In terms of end-users, the analysis includes residential, commercial, and industrial segments. Geographically, the report divides the global wind power generation market into five major regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).
Key players in the wind power generation market include Siemens Gamesa Renewable Energy SA, General Electric, Mitsubishi Heavy Industries, Vestas Wind Systems, Renewable Energy Systems Americas, EDP Renewables, Orsted A/S, NextEra Energy, Inc., EDF S.A., and Suzlon Energy Limited, all of which are profiled in this market analysis.
The overall forecast for the wind power generation market has been developed using both primary and secondary research methods. Extensive secondary research has been conducted utilizing both internal and external sources to gather qualitative and quantitative data regarding the wind power generation market size. This process also provides an overview of the market forecast across all segments. Additionally, numerous primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This includes discussions with industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the wind power generation market.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. Research Methodology
4. Wind Power Generation Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
 4.3.1 List of Vendors in the Value Chain
5. Wind Power Generation Market - Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Wind Power Generation Market - Global Market Analysis
6.1 Wind Power Generation - Global Market Overview
6.2 Wind Power Generation - Global Market and Forecast to 2031
7. Wind Power Generation Market - Revenue Analysis (USD Million) - By Deployment Type, 2021-2031
7.1 Overview
7.2 Onshore
7.3 Offshore
8. Wind Power Generation Market - Revenue Analysis (USD Million) - By Power Capacity, 2021-2031
8.1 Overview
8.2 Less than 10 MW
 8.3 Above 10 MW
9. Wind Power Generation Market - Revenue Analysis (USD Million) - By End User, 2021-2031
9.1 Overview
9.2 Residential
9.3 Commercial
9.4 Industrial
10. Wind Power Generation Market - Revenue Analysis (USD Million), 2021-2031 - Geographical Analysis
10.1 North America
 10.1.1 North America Wind Power Generation Market Overview
 10.1.2 North America Wind Power Generation Market Revenue and Forecasts to 2031
 10.1.3 North America Wind Power Generation Market Revenue and Forecasts and Analysis - By Deployment Type
 10.1.4 North America Wind Power Generation Market Revenue and Forecasts and Analysis - By Power Capacity
 10.1.5 North America Wind Power Generation Market Revenue and Forecasts and Analysis - By End User
 10.1.6 North America Wind Power Generation Market Revenue and Forecasts and Analysis - By Countries
 10.1.6.1 United States Wind Power Generation Market
 10.1.6.1.1 United States Wind Power Generation Market, by Deployment Type
 10.1.6.1.2 United States Wind Power Generation Market, by Power Capacity
 10.1.6.1.3 United States Wind Power Generation Market, by End User
 10.1.6.2 Canada Wind Power Generation Market
 10.1.6.2.1 Canada Wind Power Generation Market, by Deployment Type
 10.1.6.2.2 Canada Wind Power Generation Market, by Power Capacity
 10.1.6.2.3 Canada Wind Power Generation Market, by End User
 10.1.6.3 Mexico Wind Power Generation Market
 10.1.6.3.1 Mexico Wind Power Generation Market, by Deployment Type
 10.1.6.3.2 Mexico Wind Power Generation Market, by Power Capacity
 10.1.6.3.3 Mexico Wind Power Generation Market, by End User
 Note - Similar analysis would be provided for below mentioned regions/countries
 
10.2 Europe
 10.2.1 Germany
 10.2.2 France
 10.2.3 Italy
 10.2.4 United Kingdom
 10.2.5 Russia
 10.2.6 Rest of Europe
10.3 Asia-Pacific
 10.3.1 Australia
 10.3.2 China
 10.3.3 India
 10.3.4 Japan
 10.3.5 South Korea
 10.3.6 Rest of Asia-Pacific
10.4 Middle East and Africa
 10.4.1 South Africa
 10.4.2 Iran
 10.4.3 Egypt..
 10.4.4 Rest of Middle East and Africa
10.5 South and Central America
 10.5.1 Brazil
 10.5.2 Argentina
 10.5.3 Rest of South and Central America
11. Industry Landscape
11.1 Mergers and Acquisitions
11.2 Agreements, Collaborations, Joint Ventures
11.3 New Product Launches
11.4 Expansions and Other Strategic Developments
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning and Concentration
13. Wind Power Generation Market - Key Company Profiles
13.1 Siemens Energy
 13.1.1 Key Facts
 13.1.2 Business Description
 13.1.3 Products and Services
 13.1.4 Financial Overview
 13.1.5 SWOT Analysis
 13.1.6 Key Developments
 Note - Similar information would be provided for below list of companies
 
13.2 General Electric
13.3 Mitsubishi Heavy Industries
13.4 Vestas Wind Systems
13.5 Renewable Energy Systems Americas
13.6 EDP Renewables
13.7 Orsted A/S
13.8 NextEra Energy, Inc.
13.9 EDF S.A.
13.10 Suzlon Energy Limited
14. Appendix
14.1 Glossary
14.2 About
14.3 Market Intelligence Cloud
LIST OF TABLES
LIST OF FIGURES
The List of Companies - Wind Power Generation Market
Siemens Gamesa Renewable Energy SA
General Electric
Mitsubishi Heavy Industries
Vestas Wind Systems
Renewable Energy Systems Americas
EDP Renewables
Orsted A/S
NextEra Energy, Inc.
EDF S.A.
Suzlon Energy Limited