Wind Power Market Trends and Analysis by Region, Technology, Installed Capacity, Key Players and Forecast to 2030
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Wind Power Market Report Overview
The installed wind power capacity was 827.3 GW in 2021 and is expected to achieve a CAGR of more than 9% during 2021–2030. The wind power market research report provides a clear overview and detailed insight into the global market.
Wind Power Market Outlook, 2021-2030 (GW)
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The report provides data and analysis on the historical and forecast of wind power capacity and generation, the impact of the COVID-19 pandemic, geo-political scenario, major active and upcoming plants, market size, and market drivers and challenges for eleven key wind power market countries.
Market Size (2021) | 827.3 GW |
CAGR (2021-2030) | >9% |
Forecast Period | 2022-2030 |
Historical Period | 2011-2021 |
Key Regions | · North America
· Middle East and Africa (MEA) · Europe · South and Central America · Asia-Pacific |
Key Types | · Onshore
· Offshore |
Leading Suppliers (Onshore) | · Vestas
· Xinjiang Goldwind · GE · Envision · Siemens Gamesa |
Leading Suppliers (Offshore) | · Siemens Gamesa
· Shanghai Electric · Vestas Offshore · China Ming Yang · Envision · Xinjiang Goldwind |
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Wind Power Market Segmentation by Regions
The key regions in the wind power market are North America, the Middle East and Africa (MEA), Europe, South and Central America, and Asia-Pacific. Asia-Pacific is the largest market in terms of cumulative installed wind power capacity in 2021.
China accounted for more than one-third of the world’s wind power capacity. In 2021, it added the largest wind power capacity ever in the country and globally. The US and Germany reported large capacity since the early 2000s and both have excelled in terms of wind power technology and efficiency. Italy is a new wind power market that is set to add significant capacity during 2022–2030.
Wind Power Market Analysis by Regions, 2021 (%)
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Wind Power Market Segmentation by Types
The key types in the wind power market are onshore and offshore. The wind power market is led by the onshore wind power segment as the offshore wind power segment is still in a nascent stage. However, dedicated R&D efforts will likely bring down the cost of installing offshore wind farms. This will result in an increase in the share of offshore wind power. Despite the growth expected in the offshore wind power market, it is not expected to surpass the onshore market.
Wind Power Market Analysis by Types, 2021 (%)
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Wind Power Market – Competitive Landscape
Some of the suppliers in the onshore turbines market are Vestas, Xinjiang Goldwind, GE, Envision, Siemens Gamesa, Nordex, China Ming Yang, Dongfang, Zhejiang Windey, and Shanghai Electric Wind Power Equipment Co., Ltd.
Some of the suppliers in the offshore turbines market are Siemens Gamesa, Shanghai Electric, Vestas Offshore, China Ming Yang, Envision, and Xinjiang Goldwind.
Onshore Turbines Market Analysis by Suppliers, 2021 (%)
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Scope
The report provides:
- Wind power market study at the global level, and at a key country level covering nine key countries in depth.
- Key growth drivers and challenges at a country level.
- The impact of the COVID-19 pandemic on the wind power market at a country level.
- Historic and forecast data for cumulative installed wind power capacity and generation globally, and for each of the key countries.
- Market size globally and in each of the key countries.
- Import and export values in each of the key countries.
Reasons to Buy
The report will allow you to:
- Facilitate decision-making by providing historical and forecast data in the wind power market
- Develop business strategies by understanding the drivers and challenges of the market
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Maximize potential in the growth of the wind power market
- Identify key partners, geographies, and business-development avenues
- Respond to business structure, strategy, and prospects
GE
Siemens Gamesa
Envision
MHI Vestas
Shanghai Electric
Xinjiang Goldwind
WEG
Enercon
Nordex
Senvion
Suzlon
Inox Wind
NextEra
Iberdrola
EDF
Avangrid
Invenergy
Enel Green Power
EDP
RWE AG
Duke
Clearway
Apex Clean Energy
Table of Contents
Table
Figures
Frequently asked questions
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What was the wind power market installed capacity in 2021?
The installed wind power capacity was 827.3 GW in 2021.
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What is the wind power market growth rate?
The wind power market is expected to achieve a CAGR of more than 9% during 2021-2030.
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What are the key regions in the wind power market?
The key regions in the wind power market are North America, the Middle East and Africa (MEA), Europe, South and Central America, and Asia-Pacific.
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What are the key types in the wind power market?
The key types in the wind power market are onshore and offshore.
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Which are the leading suppliers in the onshore turbines market?
Some of the suppliers in the onshore turbines market are Vestas, Xinjiang Goldwind, GE, Envision, Siemens Gamesa, Nordex, China Ming Yang, Dongfang, Zhejiang Windey, and Shanghai Electric Wind Power Equipment Co., Ltd.
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Which are the leading suppliers in the offshore turbines market?
Some of the suppliers in the offshore turbines market are Siemens Gamesa, Shanghai Electric, Vestas Offshore, China Ming Yang, Envision, and Xinjiang Goldwind.
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