USD 321.14 BN
MARKET SIZE, 2035

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The onshore wind market is projected to grow at a CAGR of 10.3% during the forecast period, increasing from an estimated USD 132.47 billion in 2026 to USD 321.14 billion by 2035. The global onshore wind market is primarily driven by increased electricity demand and supportive government policies that enable reductions in greenhouse gas emissions. Technological advancements in larger, more efficient turbines, declining levelized cost of electricity (LCOE), expanding grid infrastructure, and increasing corporate renewable energy procurement are further driving installations. Additionally, energy security will continue to drive investment in onshore wind energy, as more capital is allocated to domestic renewable energy generation capacity for long-term use.
BY REGION
The Asia Pacific accounts for the largest market share of 71.0% in 2025.
BY COMPONENT
By component, the turbines segment is projected to grow at a CAGR of 10.4% from 2026 to 2035.
BY TURBINE RATING
By end user, the above 5 MW segment is projected to grow at the highest CAGR of 13.4% from 2026 to 2035.
COMPETITIVE LANDSCAPE - KEY PLAYERS
Companies such as Vestas (Denmark), Mingyang Smert Energy Group Co., Ltd. (China), and Goldwind (China), were identified as some of the star players in the offshore wind market.
COMPETITIVE LANDSCAPE - STARTUPS/SMEs
Flower Turbines (US), EWT (Netherlands) and Letwind (Italy) have distinguished themselves among the Startups and SMEs in the offshore wind market.
An onshore wind system is a land-based renewable energy installation that converts the kinetic energy of wind into electricity using wind turbines. A typical onshore wind project comprises rotor blades, a nacelle housing the drivetrain and generator, a tower, electrical infrastructure, and grid-connection equipment, all designed to efficiently capture wind energy and deliver clean power to the electricity network. Owing to its mature technology, competitive cost profile, and scalability, onshore wind has become one of the most widely deployed renewable energy sources globally. Onshore wind farms are used in utility-scale, commercial, and community energy applications to support decarbonization, strengthen energy security, and reduce reliance on fossil-fuel-based power generation. Continuous advancements in turbine design, including larger rotor diameters, taller hub heights, digital monitoring systems, and predictive maintenance technologies, are improving energy yields and operational efficiency while lowering lifecycle costs
Increasing investment in renewable energy infrastructure, ambitious decarbonization targets, and growing demand for clean electricity are expected to drive growth in the offshore wind market. Furthermore, supportive government policies, onshore wind auctions, long-term power purchase agreements (PPAs), and favorable regulatory frameworks across major economies are attracting substantial investments into onshore wind projects.

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
OPPORTUNITIES
Impact
Level
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The accelerating expansion of global renewable energy targets is a key driver for the onshore wind market, as governments, utilities, and private investors seek scalable and cost-effective technologies to decarbonize electricity generation. Alongside solar photovoltaics (PV), onshore wind forms the backbone of renewable capacity additions due to its technological maturity and competitive levelized cost of electricity. According to the International Renewable Energy Agency (IRENA), the world added a record 585 GW of renewable power capacity in 2024, with solar PV contributing approximately 452 GW and wind energy around 113 GW, underscoring the dominant role of these two technologies in the global energy transition. As renewable energy targets become more ambitious and electricity demand continues to rise, developers are increasingly investing in integrated wind–solar portfolios to improve grid reliability and optimize land and transmission assets. The complementary generation profiles of onshore wind and solar PV, combined with advances in energy storage and digital grid management, are expected to accelerate project deployment and create sustained growth opportunities across the global onshore wind value chain.
Grid integration challenges remain a significant restraint on the global onshore wind market, limiting the pace at which new capacity can be deployed despite strong policy support and declining generation costs. Many of the world’s best wind resources are located in remote regions where transmission infrastructure is insufficient to transport electricity efficiently to major demand centers. As a result, developers frequently encounter delays in securing grid connections, curtailment risks, and rising project costs. In Germany, congestion between northern wind-producing regions and southern industrial hubs has necessitated costly redispatch measures and highlighted the need for expanded transmission corridors. In the United States, renewable energy projects face lengthy interconnection queues, with grid upgrade requirements delaying commercial operations in several states. India continues to invest in the Green Energy Corridor program, yet transmission bottlenecks in wind-rich states such as Tamil Nadu and Gujarat can hinder the timely integration of projects. Similarly, western and northern China have historically experienced curtailment due to mismatches between renewable generation and transmission capacity, although ongoing ultra-high-voltage network investments are helping address these issues. Without accelerated grid modernization, storage deployment, and cross-regional transmission expansion, integration constraints are expected to remain a key obstacle to sustained growth in the onshore wind market.
Repowering aging onshore wind farms presents a significant growth opportunity for the global onshore wind market by enabling operators to replace older, lower-capacity turbines with modern, high-efficiency models while utilizing existing project sites and grid connections. Many wind farms commissioned in the late 1990s and early 2000s are approaching the end of their design life, making them ideal candidates for upgrades that can substantially increase electricity generation without requiring extensive new land acquisition. Repowering also reduces maintenance costs, improves reliability, and enhances project economics through higher capacity factors and advanced digital control systems. For instance, Germany, one of the world’s earliest adopters of wind energy, has numerous aging installations eligible for repowering under supportive regulatory frameworks. For instance, in June 2026, Vestas secured a 29 MW repowering order in Japan from M Winds Hachiryu Co., Ltd., a group company of Meidensha Corporation, for the Hachiryu Wind Power Station Repowering Project. The contract includes the supply and installation of seven V136-4.2 MW wind turbines along with a 10-year service agreement. Turbine delivery is scheduled for the first quarter of 2028, with project commissioning expected later in 2028, underscoring the continued investment in repowering aging wind assets to improve efficiency and extend operational life. Similarly, Denmark, Spain, and parts of the United States are seeing increased investment to replace legacy turbines with larger units capable of producing significantly more energy. This trend creates new revenue streams for turbine manufacturers, component suppliers, engineering firms, and operations and maintenance service providers while supporting national renewable energy and decarbonization goals.
Insufficient transmission infrastructure remains a major challenge for the global onshore wind market, limiting the efficient integration of new renewable energy capacity into national power grids. Many of the most productive wind resources are located in remote regions, requiring extensive investments in high-voltage transmission lines, substations, and grid reinforcement before electricity can be delivered to demand centers. Delays in transmission planning and permitting often result in project postponements, curtailment of generated power, and reduced investment returns for developers. In rapidly expanding markets, existing grid networks frequently struggle to accommodate the growing share of variable renewable energy, creating congestion and interconnection bottlenecks. Moreover, the pace of transmission expansion often lags behind wind farm development, particularly in emerging economies with limited infrastructure funding. Lengthy regulatory approvals, land acquisition issues, and rising construction costs further compound the challenge. Addressing these infrastructure gaps through coordinated grid modernization, digital management systems, and cross-regional transmission investments will be critical to unlocking the full growth potential of the global onshore wind market.
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
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Whitelee Wind Farm, one of the UK’s largest onshore wind facilities, required modernization to improve energy output and operational efficiency while supporting the country’s renewable energy targets. Aging assets and evolving grid requirements made repowering and digital optimization increasingly important. | Modernization enhanced annual energy production, reduced maintenance-related downtime, extended asset life, and improved overall project economics. It also supported lower lifecycle costs and increased reliability, enabling the wind farm to continue supplying renewable electricity efficiently. |
|
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The 372 MW Björnberget project in Sweden was developed to strengthen renewable electricity generation in the Nordic region while taking advantage of favorable wind resources and modern high-capacity turbine technology | The project achieved higher energy capture, improved operational efficiency, and enhanced reliability, contributing substantial clean electricity to the regional grid while reducing the levelized cost of energy over the project lifetime. |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
The offshore wind market ecosystem comprises several key stakeholders, including raw material suppliers, component manufacturers, turbine OEMs, end users/power offtakers, and post-sales service providers.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
By component, the market can be broadly categorized into turbines and electrical infrastructure, both of which play essential roles in ensuring efficient energy production and grid integration. The turbine segment comprises key structural and functional elements such as nacelles, which house the drivetrain and generator; rotor blades, responsible for capturing wind energy; and towers, which provide the necessary height and stability for optimal wind exposure. Complementing these systems, the electrical infrastructure segment includes wires and cables for power transmission, substations for voltage transformation and grid connectivity, and other supporting electrical components that facilitate safe and reliable electricity distribution. Continuous innovation in larger turbine designs, advanced materials, digital monitoring systems, and grid modernization is enhancing operational efficiency and reducing the levelized cost of energy. As countries accelerate decarbonization efforts and expand renewable energy capacity, demand for both turbine components and electrical infrastructure is expected to strengthen, supporting sustained growth in the global onshore wind market
Based on turbine rating, the onshore wind market is broadly segmented into Up to 2 MW, 2–3 MW, 3–5 MW, and Above 5 MW categories. This segmentation reflects differences in energy generation capability, project economics, site characteristics, grid requirements, and technological advancement across onshore wind installations. The choice of turbine rating significantly influences land utilization, turbine spacing, installation costs, maintenance strategies, and overall project efficiency. Continuous innovations in rotor aerodynamics, blade materials, drivetrain design, digital controls, and predictive maintenance systems are enabling the deployment of more efficient and reliable onshore wind turbines. The Up to 2 MW segment primarily serves distributed generation projects, community wind farms, repowering initiatives, and regions with land or grid constraints. The 2–3 MW segment has been widely adopted in commercial onshore developments due to its proven reliability, balanced capital costs, and suitability for diverse wind conditions. The 3–5 MW segment represents the current mainstream of utility-scale onshore wind deployment, offering improved energy capture, higher operational efficiency, and favorable project economics while reducing the number of turbines required per project. The Above 5 MW segment comprises next-generation onshore turbines incorporating advanced blade designs, taller towers, intelligent control systems, and enhanced power electronics. These turbines are increasingly being deployed in high-resource locations to maximize energy production, optimize land use, and support the growing global transition toward renewable electricity generation.
The Asia Pacific is the largest regional market due to substantial onshore wind capacity additions, strong government support, and extensive investments in renewable energy infrastructure across countries such as China, India, Australia, Vietnam, and emerging Asian markets. The region benefits from a robust manufacturing ecosystem for onshore wind turbines, foundations, and other critical components, enabling cost-effective project development and deployment.

Vestas is widely recognized as a key leader in the onshore wind market, leveraging its extensive capabilities in grid connection technologies, onshore transmission systems, and power conversion solutions. Suzlon is recognized as a leading player in the onshore wind market, holding a strong position through its comprehensive portfolio of electrical infrastructure, grid integration, and digital energy management solutions.

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2025 (Value) (Base Year) | USD 122.77 Billion |
| Market Size in 2026 (Value) (Estimated Year) | USD 132.47 Billion |
| Market Forecast in 2035 (Value) (Forecast Year) | USD 321.14 Billion |
| CAGR | CAGR of 10.3% from 2026–2035 |
| Years Considered | 2023–2035 |
| Base Year | 2025 |
| Forecast Period | 2026–2035 |
| Units Considered | USD Million |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered |
|
| Regions Covered | North America, Asia Pacific, Europe, South America, Middle East & Africa |

We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
|---|---|---|
| Client requirement for Floating offshore wind report | Market sizing for Floating offshore wind countries | Country-wise market attractiveness analysis, competitive landscape overview, and installation of floating onshore wind systems in high-growth economies |
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
4
MARKET OVERVIEW
Presents a concise view of industry direction, strategic priorities, and key indicators influencing market momentum.4.3
UNMET NEEDS AND WHITE SPACES
4.4
INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
4.5
STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
5
INDUSTRY TRENDS
Explains the evolving landscape through demand-side drivers, supply-side constraints, and opportunity hotspots.5.1
PORTER’S FIVE FORCES ANALYSIS
5.2
MACROECONOMIC OUTLOOK
5.2.2
GDP TRENDS AND FORECAST
5.2.3
TRENDS IN GLOBAL ONSHORE WIND INDUSTRY
5.5.1
CAPEX RANGE OF ONSHORE WIND, BY COMPONENT (2022-2025)
5.6.1
IMPORT SCENARIO (HS CODE 850231)
5.6.2
EXPORT SCENARIO (HS CODE 850231)
5.7
KEY CONFERENCES AND EVENTS, 2026-2027
5.8
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.9
INVESTMENT AND FUNDING SCENARIO
5.10
IMPACT OF ONGOING GEOPOLITICAL DEVELOPMENTS IN THE MIDDLE EAST– ONSHORE WIND MARKET
5.12
IMPACT OF 2025 US TARIFF – ONSHORE WIND MARKET
5.12.3
PRICE IMPACT ANALYSIS
5.12.4
IMPACT ON COUNTRIES/REGIONS
6
TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT AND INNOVATION
6.1.1
DIRECT-DRIVE AND HYBRID DRIVETRAIN SYSTEMS
6.2
COMPLEMENTARY TECHNOLOGIES
6.2.1
SCADA AND DIGITAL ASSET MANAGEMENT SYSTEMS
6.3
TECHNOLOGY/PRODUCT ROADMAP
6.6
IMPACT OF AI/GEN AI ON ONSHORE WIND MARKET
7
SUSTAINABILITY AND REGULATORY LANDSCAPE
7.1
REGIONAL REGULATIONS AND COMPLIANCE
7.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
7.2
SUSTAINABILITY INITIATIVES
7.3
SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES
7.4
CERTIFICATIONS, LABELING, ECO-STANDARDS
8
CUSTOMER LANDSCAPE & BUYER BEHAVIOUR
8.1
DECISION-MAKING PROCESS
8.2
BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA
8.3
ADOPTION BARRIERS & INTERNAL CHALLENGES
9
ONSHORE WIND MARKET, BY COMPONENT
Market Size, Volume & Forecast – USD Million(VALUE (USD MILLION) – 2023, 2024, 2025, 2026-E, 2035-F)
9.3
ELECTRICAL INFRASTRUCTURE
10
ONSHORE WIND MARKET, BY TURBINE RATING
Market Size, Volume & Forecast – USD Million(VALUE (USD MILLION) – 2023, 2024, 2025, 2026-E, 2035-F)
11
ONSHORE WIND MARKET, BY REGION
Market Size, Volume & Forecast – USD Million(VALUE (USD MILLION) – 2023, 2024, 2025, 2026-E, 2035-F)
11.2.3.1.2
BY TURBINE RATING
11.3.3.1.2
BY TURBINE RATING
11.4.3.1.2
BY TURBINE RATING
11.4.3.5
REST OF ASIA PACIFIC
11.5
MIDDLE EAST & AFRICA
11.5.3.1.2
BY TURBINE RATING
11.5.3.3
REST OF MIDDLE EAST AND AFRICA
11.6.3.1.2
BY TURBINE RATING
11.6.3.2
REST OF SOUTH AMERICA
12.2
KEY PLAYER STRATEGIES/RIGHT TO WIN
12.3
REVENUE ANALYSIS, 2021-2025
12.4
MARKET SHARE ANALYSIS,
12.6
COMPANY VALUATION AND FINANCIAL METRICS
12.7
COMPANY EVALUATION MATRIX: KEY PLAYERS,
12.7.5
COMPANY FOOTPRINT: KEY PLAYERS,
12.7.5.1
COMPANY FOOTPRINT
12.7.5.2
REGION FOOTPRINT
12.7.5.3
TURBINE RATING FOOTPRINT
12.7.5.4
COMPONENT FOOTPRINT
12.8
COMPANY EVALUATION MATRIX: STARTUPS/SMES,
12.8.1
PROGRESSIVE COMPANIES
12.8.2
RESPONSIVE COMPANIES
12.9
COMPETITIVE BENCHMARKING: STARTUPS/SMES,
12.9.1
DETAILED LIST OF KEY STARTUPS/SMES
12.9.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.10
COMPETITIVE SCENARIO
12.10.3
OTHER DEVELOPMENTS
13.1.1.1
BUSINESS OVERVIEW
13.1.1.2
PRODUCTS & SERVICES
13.1.1.3
RECENT DEVELOPMENTS
13.1.1.4.1
KEY STRATEGIES/RIGHT TO WIN
13.1.1.4.2
STRATEGIC CHOICES MADE
13.1.1.4.3
WEAKNESSES/COMPETITIVE THREATS
13.1.5
MING YANG SMART ENERGY GROUP CO., LTD.
13.1.8
HITACHI ENERGY LTD
13.1.12
SCHNEIDER ELECTRIC
13.1.13
DONGFANG ELECTRIC WIND POWER CO., LTD.
13.1.14
SANY RENEWABLE ENERGY CO., LTD.
13.1.15
SUZLON ENERGY LTD.
13.1.16
WINDEY ENERGY TECHNOLOGY GROUP CO., LTD.
13.1.17
CRRC SHANDONG WIND POWER
13.1.18
SHANGHAI ELECTRIC WIND POWER GROUP
13.1.21
ENERCON GLOBAL GMBH
13.1.22
VAYONA ENERGY PVT. LTD.
13.1.23
SINOVEL WIND GROUP CO., LTD.
14.1.1.1
KEY DATA FROM SECONDARY SOURCES
14.1.2.1
KEY DATA FROM PRIMARY SOURCES
14.1.2.2
KEY PRIMARY PARTICIPANTS
14.1.2.3
BREAKDOWN OF PRIMARY INTERVIEWS
14.1.2.4
KEY INDUSTRY INSIGHTS
14.2
MARKET SIZE ESTIMATION
14.2.1
BOTTOM-UP APPROACH
14.2.3
BASE NUMBER CALCULATION
14.3
MARKET FORECAST APPROACH
14.6
RESEARCH ASSUMPTIONS
14.7
RESEARCH LIMITATIONS
15.2
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3
CUSTOMIZATION OPTIONS
The study involved major activities in estimating the current size of the onshore wind market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.
This research study on the onshore wind market involved the use of extensive secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg, Businessweek, Factiva, International Energy Agency, and BP Statistical Review of World Energy, to identify and collect valuable information for a technical, market-oriented, and commercial study of the global onshore wind market. The other secondary sources included companies' annual reports, press releases, and investor presentations; white papers; certified publications; articles by recognized authors; manufacturer associations; trade directories; and databases.
The onshore wind market comprises stakeholders across the value chain, including onshore wind turbine manufacturers, component suppliers, onshore cable manufacturers, onshore substation providers, EPC contractors, project developers, utilities, transmission system operators, engineering consultants, digital technology providers, and operations & maintenance service providers. On the demand side, the market is driven by the increasing deployment of onshore wind projects across key regions, including Europe, Asia Pacific, and North America, supported by growing investments from utilities, independent power producers (IPPs), governments, and industrial energy consumers seeking large-scale renewable energy solutions. On the supply side, turbine manufacturers, foundation suppliers, electrical infrastructure providers, and onshore service companies are benefiting from increasing project awards, long-term supply agreements, and investments in onshore renewable energy infrastructure. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The following is the breakdown of primary respondents:

Note: Others include sales managers, engineers, and regional managers.
The tiers of the companies are defined by their total revenue as of 2024: Tier 1: > USD 1 billion; Tier 2: USD 500 million–1 billion; and Tier 3: < USD 500 million.
To know about the assumptions considered for the study, download the pdf brochure
Both top-down and bottom-up approaches were employed to estimate and validate the size of the onshore wind market and its dependent submarkets. The key players in the market were identified through secondary research, and their market share in the respective regions was determined through a combination of primary and secondary research. The research methodology involves analyzing the annual and financial reports of leading market players and conducting interviews with industry experts, including chief executive officers, vice presidents, directors, sales managers, and marketing executives, to gather key quantitative and qualitative insights into the onshore wind market.

After determining the overall market size through the estimation process explained above, the total market has been divided into several segments and subsegments. To complete the overall market engineering process and obtain exact statistics for all segments and subsegments, data triangulation and market breakdown have been employed where applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market has been validated using both top-down and bottom-up approaches.
The onshore wind market encompasses the development, manufacturing, and installation of land-based wind energy systems that generate electricity from wind. It includes key components such as wind turbines, nacelles, rotors and blades, towers, and supporting electrical infrastructure, including wires and cables, substations, and related balance-of-plant equipment. The market covers turbine capacity segments ranging from up to 2 MW to above 5 MW and serves utility-scale, commercial, industrial, and government-backed renewable energy projects. Market growth is driven by decarbonization initiatives, favorable regulatory policies, technological advancements in turbine design, declining electricity generation costs, and increasing investments in sustainable and energy-secure power infrastructure.
MarketsandMarkets offers customizations tailored to the specific needs of companies using the given market data.
The following customization options are available for the report:
Product Analysis
Regional Analysis
Company Information
The market is projected to grow from USD 132.47 billion in 2026 to USD 321.14 billion by 2035, at a CAGR of 10.3%.
Growth is driven by rising electricity demand, supportive renewable energy policies, larger and more efficient turbines, and increasing investments in grid infrastructure.
The 3–5 MW turbine rating segment holds the largest market share due to its balance of efficiency, cost, and suitability for utility-scale projects. (PR Newswire)
Asia Pacific dominates the market, accounting for 71.0% of the global market in 2025, driven by strong renewable energy investments and manufacturing capabilities.
Leading companies include Vestas, Mingyang Smart Energy Group Co., Ltd., Goldwind, Siemens Energy, and GE Vernova.

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