Comprehensive Analysis of the Global Wind Energy Market: Historical Insights and Future Growth

rushikesh chavan
Sep 12, 2024
2 min read

The Global Wind Energy Market Size is expected to reach USD 151.47 Billion by 2030, at a CAGR of 8.4% during the forecast period 2022 to 2030.

This report provides a comprehensive historical analysis of the Global Wind Energy Market, covering data and insights from 2017 to 2018 and offering extensive market forecasts from 2021 to 2030, segmented by region/country and subsectors. The analysis includes critical details on pricing, sales volume, revenue, historical growth, gross margin, and future outlooks for the Wind Energy market.

The Wind Energy Market is expected to grow from USD 79.7 billion in 2021 to USD 151.47 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 8.4% during the forecast period. This market involves rigorous release control and validation processes essential for its development, particularly in manufacturing industries. The complexity of the system demands meticulous design and strict enforcement.

Leading Players in Wind Energy Include:

Vestas
Sinovel
Goldwind
EDF Renewable Energy
ENERCON GmbH
Suzlon Group
American Electric Power Company, Inc.
Dongfang Electric Corporation
Ming Yang Smart Energy Group Co.
Nordex SE
Avangrid, Inc.
GE Renewable
ABB Limited
DONG Energy
NextEra Energy Inc.
Siemens Gamesa Renewable Energy S.A.
Vestas Wind Systems
United Power
Exelon Corporation

Market Segmentation by Capacity:

Up to 1 MW
1 MW to 3 MW
3 MW to 5 MW
Above 5 MW

Market Segmentation by Component:

Turbine
Support Structure
Electrical Infrastructure
Others

Regional Market Segment Includes:

North America: US, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain, Russia, Rest of Europe
Asia Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa

In May 2021, GE Renewable Energy and Toshiba Energy Systems and Solutions Corporation signed a partnership agreement to localize essential steps of GE's Haliade-X offshore wind turbine manufacturing process and enable its commercialization.

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