Onshore Wind Energy Sector: Growth Drivers and Challenges
Growth Drivers
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Less Capital Investment for Onshore Wind Farms, as compared to Offshore Wind Farms
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Rising Adoption of Wind Energy
Challenges
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Better Output of Offshore Wind Farms
Onshore Wind Energy Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
4.1% |
|
Base Year Market Size (2024) |
USD 58.43 billion |
|
Forecast Year Market Size (2037) |
USD 98.51 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of onshore wind energy is estimated at USD 60.47 billion.
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.
Asia Pacific industry is estimated to account for largest revenue share by 2037, 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.
