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Onshore Wind Power Market Forecast: Value Set To Climb From $49.1 Billion To $61.72 Billion
The onshore wind power market size has demonstrated robust growth over recent years. It is anticipated to expand from $46.23 billion in 2025 to $49.1 billion in 2026, achieving a compound annual growth rate (CAGR) of 6.2%. This historical growth can be attributed to several factors, including the decrease in wind turbine prices, the expansion of grid infrastructure, the increasing electricity demand driven by urbanization, the early adoption of community wind models, and supportive policies for renewable energy.
The onshore wind power market size is anticipated to undergo significant expansion over the next few years, reaching **$61.72 billion in 2030 at a compound annual growth rate (CAGR) of 5.9%**. This growth during the forecast period is propelled by factors such as increasing investments in decentralized energy generation, growing electrification across industries, broader smart grid integration, a rising demand for reliable renewable power, and a heightened focus on optimizing the lifecycle of wind assets. Prominent trends expected in this period include the increased adoption of cost-optimized onshore wind projects, a rise in the deployment of medium and large wind farms, an intensified focus on grid-connected wind power, the expansion of community wind projects, and improved integration of digital monitoring systems.
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Onshore Wind Power Market Development Factors: What’s Supporting Demand?
The growing need for renewable energy is projected to drive the expansion of the onshore wind power market. Renewable energy refers to power sourced from natural origins that replenish over a human timescale and are not depleted through use. The escalating demand for renewable energy is primarily motivated by the imperative to reduce carbon emissions and address environmental concerns. Onshore wind power contributes to this heightened demand for renewable energy by offering a viable, clean, and increasingly cost-effective source of electricity, thereby facilitating the broader transition towards more sustainable energy solutions. For example, the International Trade Administration, a US-based government agency, reported that in June 2023, the country’s peak demand reached a record 223 gigawatts (GW), representing a 3.4% increase from the highest level recorded in 2022, with forecasts indicating continued consumption growth. Consequently, the increasing demand for renewable energy is propelling the growth of the onshore wind power market.
Onshore Wind Power Market Segment Landscape And Growth Outlook
The onshore wind power market covered in this report is segmented –
1) By Capacity: Below 500 Kilowatt (KW), 500 Kilowatt (KW) To 2 Megawatt (MW), Above 2 Megawatt (MW)
2) By Wind Capacity: High, Medium, Low
3) By Grid Connectivity: Off Grid, On Grid
4) By End-User: Residential, Commercial
Subsegments:
1) By Below 500 Kilowatt (KW): Small-Scale Residential Wind Turbines, Agricultural Wind Turbines, Off-Grid Wind Power Systems
2) By 500 Kilowatt (KW) To 2 Megawatt (MW): Community Wind Projects, Mid-Size Industrial Wind Turbines, Commercial Wind Farms
3) By Above 2 Megawatt (MW): Large-Scale Utility Wind Farms, High-Capacity Industrial Wind Turbines, Grid-Connected Wind Projects
Onshore Wind Power Market Transformation Trends: What Innovations Are Driving Change?
Major companies engaged in the onshore wind power market are developing onshore wind turbines to improve wind resource management and increase overall renewable energy production. An onshore wind turbine is a land-based apparatus that generates electricity by utilizing wind energy, typically situated in wind farms. For instance, in April 2023, Goldwind Science & Technology Co., Ltd., a China-based wind turbine producer, introduced two new turbine models, the GWH221-8.X-10 and the GWH24X-12. The GWH24X-12.X, with an expected 12 megawatt (MW) capacity, is anticipated to become the largest onshore wind turbine, surpassing even the largest offshore turbines like GE’s 14 MW Halliade-X. This innovation was achieved with assistance from the Chinese government and industry collaborators, enabling Goldwind to advance its technology. Goldwind currently ranks fourth globally in installed wind energy capacity, maintaining a robust presence in China and executing projects across various continents.
Onshore Wind Power Market Key Players Shaping Industry Direction
Major companies operating in the onshore wind power 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., Pattern Energy Group Inc., Nordex Group, Enercon GmbH, Brookfield Renewable Partners, TransAlta Corp, Renewable Energy Systems RES, Invenergy LLC, Clearway Energy, Boralex Inc, Mainstream Renewable Power, Apex Clean Energy, Windlab Ltd, Gazelle Wind Power Limited, Vortex Bladeless Ltd
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Onshore Wind Power Market Regional Analysis: Which Geography Leads On Revenue?
North America was the largest region in the onshore wind power market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the onshore wind power market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
