Market Overview

The Global Wind Power Market was valued at USD 115,516.4 million in 2023 and is expected to reach USD 191,179.1 million by 2031 while growing at a CAGR of 6.5% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global wind power market growth. Wind power involves converting wind energy into electrical power through turbines or windmills. These devices capture the kinetic energy of the wind, converting it first into mechanical energy and then into electricity. This eco-friendly renewable energy source generates electricity without emitting greenhouse gases or pollutants associated with traditional power methods.

Increasing concerns about climate change and the environment, along with advancements in wind turbine technology, manufacturing processes, and project design, are driving the growth of the wind power market. However, obstacles such as the intermittency and variability of wind resources, as well as concerns related to land use and aesthetics, may hinder the expansion of the market.

Furthermore, the global wind power industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Location Analysis

The Global Wind Power Market is segmented among Onshore, and Offshore, based on Location. In 2023, Onshore accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Wind Power Market is segmented among Utility, and Non-Utility, based on Application. In 2023, Utility accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Wind Power Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Acciona, Nordex SE, General Electric, Envision Group, Goldwind, Siemens Gamesa Renewable Energy, S.A., Suzlon Energy Limited, Vestas, Sinovel Wind Group, and Dongfang Electric Corporation.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Wind Power Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Wind Power Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Wind Power Market Segmentation, By Location

• Global Wind Power Market Share Analysis, By Location

• Global Wind Power Market Growth Analysis, By Location

• Global Wind Power Market Trends, By Location

o Onshore

o Offshore

6. Global Wind Power Market Segmentation, By Application

• Global Wind Power Market Share Analysis, By Application

• Global Wind Power Market Growth Analysis, By Application

• Global Wind Power Market Trends, By Application

o Utility

o Non-Utility

7. Global Wind Power Market Segmentation, By Region

• Global Wind Power Market Share Analysis, By Region

• Global Wind Power Market Growth Analysis, By Region

• Global Wind Power Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Acciona*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Nordex SE

• General Electric

• Envision Group

• Goldwind

• Siemens Gamesa Renewable Energy, S.A.

• Suzlon Energy Limited

• Vestas

• Sinovel Wind Group

• Dongfang Electric Corporation

 *Similar analysis will be provided for each company listed above.