Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Onshore Wind Energy Market size was over USD 58.43 billion in 2024 and is anticipated to cross USD 98.51 billion by 2037, growing at more than 4.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of onshore wind energy is estimated at USD 60.47 billion.
The growth of the market can be attributed to the increasing adoption of wind energy globally. According to the data by the International Renewable Energy Agency (IRENA), the total global power generation from wind energy amounted to around 564 GW by 2018, which used to be around 7.5 GW in 1997. This growth in the generation of electricity using wind energy is estimated to boost the onshore wind energy market growth. Onshore wind farms refer to the turbines located on land, that use wind to generate electricity, which is most common in hilly landscapes. According to the data by the IRENA, in 2020, onshore wind farms produced 698,909 MW electricity. Moreover, in 2019, the onshore wind electricity generation increased by almost 12%, as per the statistics by the International Energy Agency (IEA). Onshore wind farms are cost effective, readily available, convenient, and requires less capital investment, as compared to offshore wind farms, which is estimated to boost the market growth. Additionally, growing investment in onshore wind energy by major companies, as well as, governments around the globe, is expected to boost the market growth.
