Wind Turbine Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application

May 2025 | 93 pages | ID: W67EBCC81FE8EN
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Wind Turbine Market Summary

Introduction to the Wind Turbine Industry

Wind turbines convert kinetic wind energy into electricity, serving as a cornerstone of renewable energy with a global capacity of 1,133 GW in 2024, per IRENA, representing 25% of renewable power. The industry spans onshore and offshore applications, with offshore wind accounting for 7% of wind capacity. China led 2024’s 113.2 GW additions with 79.9 GW, driven by policy support and cost declines. Wind turbines benefit from advancements in blade design, larger rotor diameters, and floating offshore platforms, enhancing efficiency and scalability. The industry faces challenges from supply chain constraints, land use disputes, and high offshore installation costs, requiring innovation in lightweight materials and modular designs.

Market Size and Growth Forecast

The global wind turbine market is projected to reach USD 100 billion to USD 120 billion by 2025, with an estimated CAGR of 5% to 7% through 2030, driven by renewable targets and offshore wind expansion.

Regional Analysis

Asia Pacific expects a growth rate of 6% to 8%. China dominates with over two-thirds of global additions, while India and Tьrkiye expand onshore wind rapidly.

North America anticipates a growth rate of 4% to 6%. The U.S. added 5.1 GW in 2024, with offshore wind gaining traction along the East Coast.

Europe projects a growth rate of 5% to 7%. The UK and Germany lead offshore wind, supported by EU’s 2030 renewable goals.

South America expects a growth rate of 4% to 6%. Brazil’s onshore wind grows steadily, though grid limitations persist.

Middle East and Africa anticipate a growth rate of 3% to 5%. South Africa’s wind projects expand, but funding gaps limit scalability.

Application Analysis

Onshore: Projected at 4% to 6%, dominates due to lower costs and widespread deployment. Larger turbines and hybrid solar-wind systems drive growth.

Offshore: Expected at 6% to 8%, grows rapidly with floating platforms and higher yields, particularly in Europe and China.

Key Market Players

Goldwind: A Chinese leader, Goldwind excels in onshore turbines.

Vestas Wind Systems: A Danish firm, Vestas dominates global wind markets.

General Electric: A U.S. company, GE focuses on offshore turbines.

SGRE: A Spanish-German player, SGRE specializes in offshore solutions.

Envision Group: A Chinese firm, Envision innovates in smart turbines.

Ming Yang: A Chinese company, Ming Yang targets offshore wind.

Zhejiang Windey: A Chinese player, Windey supports onshore markets.

Nordex: A German firm, Nordex focuses on efficient turbines.

Enercon: A German company, Enercon excels in onshore solutions.

SANY Renewable Energy: A Chinese firm, SANY integrates wind with heavy industry.

CSSC: A Chinese player, CSSC focuses on offshore turbines.

CRRC: A Chinese company, CRRC supports wind turbine manufacturing.

Suzlon: An Indian firm, Suzlon drives onshore wind in Asia.

Inox Wind: An Indian player, Inox expands regional wind projects.

Unison: A South Korean company, Unison targets niche markets.

Porter’s Five Forces Analysis
  • Threat of New Entrants: Low to Moderate. High R&D costs, complex manufacturing, and supply chain barriers deter entry. Established players like Vestas leverage scale, but regional firms like Suzlon enter with government support in markets like India.
  • Threat of Substitutes: Moderate. Solar, hydropower, and green hydrogen compete, but wind’s reliability and offshore potential maintain its edge. Hybrid systems challenge standalone wind, pushing GE to innovate in integrated solutions.
  • Bargaining Power of Buyers: High. Utilities and developers negotiate due to multiple suppliers and standardized turbines. Offshore projects’ high costs give buyers like SGRE leverage, but long-term contracts stabilize demand.
  • Bargaining Power of Suppliers: Moderate to High. Suppliers of blades, gearboxes, and rare earths influence costs, with shortages impacting firms like Goldwind. Diversified sourcing by Vestas mitigates risks, but specialized offshore components grant supplier power.
  • Competitive Rivalry: High. Vestas, Goldwind, and GE compete on turbine efficiency, cost, and offshore scalability. Chinese firms like Ming Yang leverage cost advantages, while European players like Nordex focus on innovation, intensifying global rivalry.
Market Opportunities and Challenges

Opportunities
  • Offshore Wind Boom: Europe and China’s offshore growth favors SGRE’s floating platforms.
  • Policy Support: EU’s 2030 targets and China’s renewable plans drive Vestas’ deployments.
  • Cost Declines: Larger turbines reduce costs, benefiting Goldwind’s mass-market adoption.
  • Emerging Markets: India’s wind push creates niches for Suzlon’s onshore solutions.
  • Hybrid Systems: Solar-wind integration enhances yields, supporting Envision Group’s smart turbines.
  • Grid Upgrades: North America’s grid modernization favors GE’s high-capacity turbines.
  • Repowering: Replacing old turbines boosts demand for Nordex’s efficient models.
Challenges
  • Supply Chain Constraints: Rare earth and steel shortages disrupt Ming Yang’s production.
  • Land Use Disputes: Onshore wind faces opposition, impacting Suzlon’s projects.
  • High Offshore Costs: Complex installations deter investment, challenging CSSC’s growth.
  • Intermittency Issues: Wind variability requires storage, pressuring Vestas to integrate PHS.
  • Regulatory Delays: Permitting in Europe slows Enercon’s offshore deployments.
  • Economic Volatility: Brazil’s funding gaps limit SANY’s expansion.
  • Skilled Labor Gaps: Engineering shortages hinder CRRC’s rapid scaling.
CHAPTER 1 EXECUTIVE SUMMARY

CHAPTER 2 ABBREVIATION AND ACRONYMS

CHAPTER 3 PREFACE

3.1 Research Scope
3.2 Research Sources
  3.2.1 Data Sources
  3.2.2 Assumptions
3.3 Research Method

CHAPTER 4 MARKET LANDSCAPE

4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users

CHAPTER 5 MARKET TREND ANALYSIS

5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats

CHAPTER 6 INDUSTRY CHAIN ANALYSIS

6.1 Upstream/Suppliers Analysis
6.2 Wind Turbine Analysis
  6.2.1 Technology Analysis
  6.2.2 Cost Analysis
  6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users

CHAPTER 7 LATEST MARKET DYNAMICS

7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics

CHAPTER 8 TRADING ANALYSIS

8.1 Export of Wind Turbine by Region
8.2 Import of Wind Turbine by Region
8.3 Balance of Trade

CHAPTER 9 HISTORICAL AND FORECAST WIND TURBINE MARKET IN NORTH AMERICA (2020-2030)

9.1 Wind Turbine Market Size
9.2 Wind Turbine Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
  9.5.1 United States
  9.5.2 Canada
  9.5.3 Mexico

CHAPTER 10 HISTORICAL AND FORECAST WIND TURBINE MARKET IN SOUTH AMERICA (2020-2030)

10.1 Wind Turbine Market Size
10.2 Wind Turbine Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
  10.5.1 Brazil
  10.5.2 Argentina
  10.5.3 Chile
  10.5.4 Peru

CHAPTER 11 HISTORICAL AND FORECAST WIND TURBINE MARKET IN ASIA & PACIFIC (2020-2030)

11.1 Wind Turbine Market Size
11.2 Wind Turbine Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
  11.5.1 China
  11.5.2 India
  11.5.3 Japan
  11.5.4 South Korea
  11.5.5 Southest Asia
  11.5.6 Australia

CHAPTER 12 HISTORICAL AND FORECAST WIND TURBINE MARKET IN EUROPE (2020-2030)

12.1 Wind Turbine Market Size
12.2 Wind Turbine Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
  12.5.1 Germany
  12.5.2 France
  12.5.3 United Kingdom
  12.5.4 Italy
  12.5.5 Spain
  12.5.6 Belgium
  12.5.7 Netherlands
  12.5.8 Austria
  12.5.9 Poland
  12.5.10 Russia

CHAPTER 13 HISTORICAL AND FORECAST WIND TURBINE MARKET IN MEA (2020-2030)

13.1 Wind Turbine Market Size
13.2 Wind Turbine Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
  13.5.1 Egypt
  13.5.2 Israel
  13.5.3 South Africa
  13.5.4 Gulf Cooperation Council Countries
  13.5.5 Turkey

CHAPTER 14 SUMMARY FOR GLOBAL WIND TURBINE MARKET (2020-2025)

14.1 Wind Turbine Market Size
14.2 Wind Turbine Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price

CHAPTER 15 GLOBAL WIND TURBINE MARKET FORECAST (2025-2030)

15.1 Wind Turbine Market Size Forecast
15.2 Wind Turbine Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast

CHAPTER 16 ANALYSIS OF GLOBAL KEY VENDORS

16.1 Goldwind
  16.1.1 Company Profile
  16.1.2 Main Business and Wind Turbine Information
  16.1.3 SWOT Analysis of Goldwind
  16.1.4 Goldwind Wind Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
16.2 Vestas Wind Systems
  16.2.1 Company Profile
  16.2.2 Main Business and Wind Turbine Information
  16.2.3 SWOT Analysis of Vestas Wind Systems
  16.2.4 Vestas Wind Systems Wind Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
16.3 General Electric
  16.3.1 Company Profile
  16.3.2 Main Business and Wind Turbine Information
  16.3.3 SWOT Analysis of General Electric
  16.3.4 General Electric Wind Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
16.4 SGRE
  16.4.1 Company Profile
  16.4.2 Main Business and Wind Turbine Information
  16.4.3 SWOT Analysis of SGRE
  16.4.4 SGRE Wind Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
16.5 Envision Group
  16.5.1 Company Profile
  16.5.2 Main Business and Wind Turbine Information
  16.5.3 SWOT Analysis of Envision Group
  16.5.4 Envision Group Wind Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
16.6 Ming Yang
  16.6.1 Company Profile
  16.6.2 Main Business and Wind Turbine Information
  16.6.3 SWOT Analysis of Ming Yang
  16.6.4 Ming Yang Wind Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
16.7 Zhejiang Windey
  16.7.1 Company Profile
  16.7.2 Main Business and Wind Turbine Information
  16.7.3 SWOT Analysis of Zhejiang Windey
  16.7.4 Zhejiang Windey Wind Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
16.8 Nordex
  16.8.1 Company Profile
  16.8.2 Main Business and Wind Turbine Information
  16.8.3 SWOT Analysis of Nordex
  16.8.4 Nordex Wind Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
Tables and Figures
Table Abbreviation and Acronyms List
Table Research Scope of Wind Turbine Report
Table Data Sources of Wind Turbine Report
Table Major Assumptions of Wind Turbine Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Wind Turbine Picture
Table Wind Turbine Classification
Table Wind Turbine Applications List
Table Drivers of Wind Turbine Market
Table Restraints of Wind Turbine Market
Table Opportunities of Wind Turbine Market
Table Threats of Wind Turbine Market
Table Covid-19 Impact For Wind Turbine Market
Table Raw Materials Suppliers List
Table Different Production Methods of Wind Turbine
Table Cost Structure Analysis of Wind Turbine
Table Key End Users List
Table Latest News of Wind Turbine Market
Table Merger and Acquisition List
Table Planned/Future Project of Wind Turbine Market
Table Policy of Wind Turbine Market
Table 2020-2030 Regional Export of Wind Turbine
Table 2020-2030 Regional Import of Wind Turbine
Table 2020-2030 Regional Trade Balance
Figure 2020-2030 Regional Trade Balance
Table 2020-2030 North America Wind Turbine Market Size and Market Volume List
Figure 2020-2030 North America Wind Turbine Market Size and CAGR
Figure 2020-2030 North America Wind Turbine Market Volume and CAGR
Table 2020-2030 North America Wind Turbine Demand List by Application
Table 2020-2025 North America Wind Turbine Key Players Sales List
Table 2020-2025 North America Wind Turbine Key Players Market Share List
Table 2020-2030 North America Wind Turbine Demand List by Type
Table 2020-2025 North America Wind Turbine Price List by Type
Table 2020-2030 United States Wind Turbine Market Size and Market Volume List
Table 2020-2030 United States Wind Turbine Import & Export List
Table 2020-2030 Canada Wind Turbine Market Size and Market Volume List
Table 2020-2030 Canada Wind Turbine Import & Export List
Table 2020-2030 Mexico Wind Turbine Market Size and Market Volume List
Table 2020-2030 Mexico Wind Turbine Import & Export List
Table 2020-2030 South America Wind Turbine Market Size and Market Volume List
Figure 2020-2030 South America Wind Turbine Market Size and CAGR
Figure 2020-2030 South America Wind Turbine Market Volume and CAGR
Table 2020-2030 South America Wind Turbine Demand List by Application
Table 2020-2025 South America Wind Turbine Key Players Sales List
Table 2020-2025 South America Wind Turbine Key Players Market Share List
Table 2020-2030 South America Wind Turbine Demand List by Type
Table 2020-2025 South America Wind Turbine Price List by Type
Table 2020-2030 Brazil Wind Turbine Market Size and Market Volume List
Table 2020-2030 Brazil Wind Turbine Import & Export List
Table 2020-2030 Argentina Wind Turbine Market Size and Market Volume List
Table 2020-2030 Argentina Wind Turbine Import & Export List
Table 2020-2030 Chile Wind Turbine Market Size and Market Volume List
Table 2020-2030 Chile Wind Turbine Import & Export List
Table 2020-2030 Peru Wind Turbine Market Size and Market Volume List
Table 2020-2030 Peru Wind Turbine Import & Export List
Table 2020-2030 Asia & Pacific Wind Turbine Market Size and Market Volume List
Figure 2020-2030 Asia & Pacific Wind Turbine Market Size and CAGR
Figure 2020-2030 Asia & Pacific Wind Turbine Market Volume and CAGR
Table 2020-2030 Asia & Pacific Wind Turbine Demand List by Application
Table 2020-2025 Asia & Pacific Wind Turbine Key Players Sales List
Table 2020-2025 Asia & Pacific Wind Turbine Key Players Market Share List
Table 2020-2030 Asia & Pacific Wind Turbine Demand List by Type
Table 2020-2025 Asia & Pacific Wind Turbine Price List by Type
Table 2020-2030 China Wind Turbine Market Size and Market Volume List
Table 2020-2030 China Wind Turbine Import & Export List
Table 2020-2030 India Wind Turbine Market Size and Market Volume List
Table 2020-2030 India Wind Turbine Import & Export List
Table 2020-2030 Japan Wind Turbine Market Size and Market Volume List
Table 2020-2030 Japan Wind Turbine Import & Export List
Table 2020-2030 South Korea Wind Turbine Market Size and Market Volume List
Table 2020-2030 South Korea Wind Turbine Import & Export List
Table 2020-2030 Southeast Asia Wind Turbine Market Size List
Table 2020-2030 Southeast Asia Wind Turbine Market Volume List
Table 2020-2030 Southeast Asia Wind Turbine Import List
Table 2020-2030 Southeast Asia Wind Turbine Export List
Table 2020-2030 Australia Wind Turbine Market Size and Market Volume List
Table 2020-2030 Australia Wind Turbine Import & Export List
Table 2020-2030 Europe Wind Turbine Market Size and Market Volume List
Figure 2020-2030 Europe Wind Turbine Market Size and CAGR
Figure 2020-2030 Europe Wind Turbine Market Volume and CAGR
Table 2020-2030 Europe Wind Turbine Demand List by Application
Table 2020-2025 Europe Wind Turbine Key Players Sales List
Table 2020-2025 Europe Wind Turbine Key Players Market Share List
Table 2020-2030 Europe Wind Turbine Demand List by Type
Table 2020-2025 Europe Wind Turbine Price List by Type
Table 2020-2030 Germany Wind Turbine Market Size and Market Volume List
Table 2020-2030 Germany Wind Turbine Import & Export List
Table 2020-2030 France Wind Turbine Market Size and Market Volume List
Table 2020-2030 France Wind Turbine Import & Export List
Table 2020-2030 United Kingdom Wind Turbine Market Size and Market Volume List
Table 2020-2030 United Kingdom Wind Turbine Import & Export List
Table 2020-2030 Italy Wind Turbine Market Size and Market Volume List
Table 2020-2030 Italy Wind Turbine Import & Export List
Table 2020-2030 Spain Wind Turbine Market Size and Market Volume List
Table 2020-2030 Spain Wind Turbine Import & Export List
Table 2020-2030 Belgium Wind Turbine Market Size and Market Volume List
Table 2020-2030 Belgium Wind Turbine Import & Export List
Table 2020-2030 Netherlands Wind Turbine Market Size and Market Volume List
Table 2020-2030 Netherlands Wind Turbine Import & Export List
Table 2020-2030 Austria Wind Turbine Market Size and Market Volume List
Table 2020-2030 Austria Wind Turbine Import & Export List
Table 2020-2030 Poland Wind Turbine Market Size and Market Volume List
Table 2020-2030 Poland Wind Turbine Import & Export List
Table 2020-2030 Russia Wind Turbine Market Size and Market Volume List
Table 2020-2030 Russia Wind Turbine Import & Export List
Table 2020-2030 MEA Wind Turbine Market Size and Market Volume List
Figure 2020-2030 MEA Wind Turbine Market Size and CAGR
Figure 2020-2030 MEA Wind Turbine Market Volume and CAGR
Table 2020-2030 MEA Wind Turbine Demand List by Application
Table 2020-2025 MEA Wind Turbine Key Players Sales List
Table 2020-2025 MEA Wind Turbine Key Players Market Share List
Table 2020-2030 MEA Wind Turbine Demand List by Type
Table 2020-2025 MEA Wind Turbine Price List by Type
Table 2020-2030 Egypt Wind Turbine Market Size and Market Volume List
Table 2020-2030 Egypt Wind Turbine Import & Export List
Table 2020-2030 Israel Wind Turbine Market Size and Market Volume List
Table 2020-2030 Israel Wind Turbine Import & Export List
Table 2020-2030 South Africa Wind Turbine Market Size and Market Volume List
Table 2020-2030 South Africa Wind Turbine Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Wind Turbine Market Size and Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Wind Turbine Import & Export List
Table 2020-2030 Turkey Wind Turbine Market Size and Market Volume List
Table 2020-2030 Turkey Wind Turbine Import & Export List
Table 2020-2025 Global Wind Turbine Market Size List by Region
Table 2020-2025 Global Wind Turbine Market Size Share List by Region
Table 2020-2025 Global Wind Turbine Market Volume List by Region
Table 2020-2025 Global Wind Turbine Market Volume Share List by Region
Table 2020-2025 Global Wind Turbine Demand List by Application
Table 2020-2025 Global Wind Turbine Demand Market Share List by Application
Table 2020-2025 Global Wind Turbine Key Vendors Sales List
Table 2020-2025 Global Wind Turbine Key Vendors Sales Share List
Figure 2020-2025 Global Wind Turbine Market Volume and Growth Rate
Table 2020-2025 Global Wind Turbine Key Vendors Revenue List
Figure 2020-2025 Global Wind Turbine Market Size and Growth Rate
Table 2020-2025 Global Wind Turbine Key Vendors Revenue Share List
Table 2020-2025 Global Wind Turbine Demand List by Type
Table 2020-2025 Global Wind Turbine Demand Market Share List by Type
Table 2020-2025 Regional Wind Turbine Price List
Table 2025-2030 Global Wind Turbine Market Size List by Region
Table 2025-2030 Global Wind Turbine Market Size Share List by Region
Table 2025-2030 Global Wind Turbine Market Volume List by Region
Table 2025-2030 Global Wind Turbine Market Volume Share List by Region
Table 2025-2030 Global Wind Turbine Demand List by Application
Table 2025-2030 Global Wind Turbine Demand Market Share List by Application
Table 2025-2030 Global Wind Turbine Key Vendors Sales List
Table 2025-2030 Global Wind Turbine Key Vendors Sales Share List
Figure 2025-2030 Global Wind Turbine Market Volume and Growth Rate
Table 2025-2030 Global Wind Turbine Key Vendors Revenue List
Figure 2025-2030 Global Wind Turbine Market Size and Growth Rate
Table 2025-2030 Global Wind Turbine Key Vendors Revenue Share List
Table 2025-2030 Global Wind Turbine Demand List by Type
Table 2025-2030 Global Wind Turbine Demand Market Share List by Type
Table 2025-2030 Wind Turbine Regional Price List
Table Goldwind Information
Table SWOT Analysis of Goldwind
Table 2020-2025 Goldwind Wind Turbine Sale Volume Price Cost Revenue
Figure 2020-2025 Goldwind Wind Turbine Sale Volume and Growth Rate
Figure 2020-2025 Goldwind Wind Turbine Market Share
Table Vestas Wind Systems Information
Table SWOT Analysis of Vestas Wind Systems
Table 2020-2025 Vestas Wind Systems Wind Turbine Sale Volume Price Cost Revenue
Figure 2020-2025 Vestas Wind Systems Wind Turbine Sale Volume and Growth Rate
Figure 2020-2025 Vestas Wind Systems Wind Turbine Market Share
Table General Electric Information
Table SWOT Analysis of General Electric
Table 2020-2025 General Electric Wind Turbine Sale Volume Price Cost Revenue
Figure 2020-2025 General Electric Wind Turbine Sale Volume and Growth Rate
Figure 2020-2025 General Electric Wind Turbine Market Share
Table SGRE Information
Table SWOT Analysis of SGRE
Table 2020-2025 SGRE Wind Turbine Sale Volume Price Cost Revenue
Figure 2020-2025 SGRE Wind Turbine Sale Volume and Growth Rate
Figure 2020-2025 SGRE Wind Turbine Market Share
Table Envision Group Information
Table SWOT Analysis of Envision Group
Table 2020-2025 Envision Group Wind Turbine Sale Volume Price Cost Revenue
Figure 2020-2025 Envision Group Wind Turbine Sale Volume and Growth Rate
Figure 2020-2025 Envision Group Wind Turbine Market Share
Table Ming Yang Information
Table SWOT Analysis of Ming Yang
Table 2020-2025 Ming Yang Wind Turbine Sale Volume Price Cost Revenue
Figure 2020-2025 Ming Yang Wind Turbine Sale Volume and Growth Rate
Figure 2020-2025 Ming Yang Wind Turbine Market Share
Table Zhejiang Windey Information
Table SWOT Analysis of Zhejiang Windey
Table 2020-2025 Zhejiang Windey Wind Turbine Sale Volume Price Cost Revenue
Figure 2020-2025 Zhejiang Windey Wind Turbine Sale Volume and Growth Rate
Figure 2020-2025 Zhejiang Windey Wind Turbine Market Share
Table Nordex Information
Table SWOT Analysis of Nordex
Table 2020-2025 Nordex Wind Turbine Sale Volume Price Cost Revenue
Figure 2020-2025 Nordex Wind Turbine Sale Volume and Growth Rate
Figure 2020-2025 Nordex Wind Turbine Market Share
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