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Onshore Wind Energy Market Trends

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Report ID: 3371
Published Date: Aug 29, 2024
Report Format: PDF, PPT

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Onshore Wind Energy Market Trends

Growth Drivers

Less Capital Investment for Onshore Wind Farms, as compared to Offshore Wind Farms
Rising Adoption of Wind Energy

Challenges

Better Output of Offshore Wind Farms

Onshore Wind Energy Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	4.1%
Base Year Market Size (2023)	USD 56.13 billion
Forecast Year Market Size (2036)	USD 94.64 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Onshore Wind Energy Market Size & Share, Growth Report 2036

Author Credits: Dhruv Bhatia

Report ID: 3371
Published Date: Aug 29, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of onshore wind energy is estimated at USD 57.97 billion.

Onshore Wind Energy Market size was over USD 56.13 billion in 2023 and is poised to cross USD 94.64 billion by 2036, witnessing more than 4.1% CAGR during the forecast period i.e., between 2024-2036. Rising demand for renewable energy and lower cost of onshore wind farms will fuel the market growth.

Asia Pacific is likely to hold largest revenue share by 2036, on the back of government policies and initiatives to promote wind energy utilization on a commercial scale.

The major players in the market include Ming Yang Smart Energy Group Ltd, Nordex SE, Envision Group, Siemens AG, Suzlon Energy Limited, Vestas Wind Systems A/S, Mitsubishi Power, Ltd, and others.

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