Onshore Wind Energy Market Report 2026

Onshore Wind Energy Market Overview

• Onshore Wind Energy market size has reached to $57.46 billion in 2025 • Expected to grow to $75.39 billion in 2030 at a compound annual growth rate (CAGR) of 5.5% • Growth Driver: Rising Electricity Demand Drives Growth In Onshore Wind Energy • Market Trend: Innovative Wind Turbine Revolutionize Onshore Wind Energy • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Onshore Wind Energy Market?

Onshore wind energy refers to the generation of electricity from wind turbines that are installed on land. These wind turbines capture the kinetic energy from the wind and convert it into electrical power through the rotation of blades connected to a generator. Onshore wind farms are typically located in areas with consistent and strong winds, such as open plains, hilltops, and coastal regions. The main product types of onshore wind energy are less than 500 kilowatts (kW), 501 kilowatts (kW) to 2 megawatts (MW), and more than 2 megawatts (MW). Wind turbines with a capacity of less than 500 kilowatts are typically used for small-scale applications, such as providing electricity to individual homes, farms, or small businesses. The varying wind capacities include high wind speed, medium wind speed, and low wind speed. The different grid connectivity, such as off-grid and on-grid, are used for many applications, including peak power management, power storage, demand response, frequency response, and system stability for different end users, which include utilities, commercial and industrial, and hybrid power.

What Is The Onshore Wind Energy Market Growth Forecast?

The onshore wind energy market size is expected to see strong growth in the next few years. It will grow to $75.39 billion in 2030 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing investments in grid modernization, rising demand for clean electricity generation, expansion of hybrid renewable power projects, growing focus on grid reliability solutions, continued reduction in levelized cost of energy. Major trends in the forecast period include increasing deployment of utility-scale onshore wind farms, rising adoption of high-capacity wind turbines, growing integration with energy storage systems, expansion of grid-stabilization wind solutions, enhanced focus on predictive maintenance.

What Is The Driver Of The Onshore Wind Energy Market?

The increasing electricity demand is expected to propel the growth of the onshore wind energy market going forward. Electricity demand refers to the total amount of electrical power required by residential, commercial, and industrial consumers to support daily activities, technological systems, and economic operations. The rise in electricity demand is driven by rapid urbanization, technological advancements, expanding industrial activity, and the growing dependence on electronic devices and digital infrastructure. Onshore wind energy supports electricity generation by offering a renewable, cost-effective, and sustainable power source that reduces dependence on fossil fuels while enhancing energy security and lowering carbon emissions. For instance, in August 2025, according to the Energy Information Administration (EIA), a US-based federal agency, electricity sales in the United States are projected to increase by 2.2% in 2025 and 2.4% in 2026, following an estimated 2.3% rise in 2024. Therefore, the increasing electricity demand is driving the growth of the onshore wind energy industry.

Key Players In The Global Onshore Wind Energy Market

Major companies operating in the onshore wind energy market are Iberdrola S.A., Duke Energy, NextEra Energy Resources, Vestas Wind Systems AS, Siemens Gamesa Renewable Energy SA, Enel Green Power S.p.A., Pattern Energy Group Inc., Nordex Group, Enercon GmbH, Brookfield Renewable Partners, TransAlta Corp, Renewable Energy Systems RES, Invenergy, Clearway Energy, Boralex Inc, Mainstream Renewable Power, Apex Clean Energy, Windlab Ltd, Gazelle Wind Power Limited, Vortex Bladeless Ltd

Global Onshore Wind Energy Market Trends and Insights

Major companies operating in the onshore wind energy market are developing onshore wind turbines to enhance turbine efficiency, optimize wind resource management, and improve overall energy production. An onshore wind turbine is a land-based device that generates electricity by harnessing wind energy, commonly found in wind farms. For instance, in April 2023, Goldwind Science & Technology Co., Ltd., a China-based wind turbine manufacturing company, launched two new turbine models, the GWH221-8.X-10 and the GWH24X-12. The GWH24X-12.X, with an expected capacity of 12 megawatts (MW), is poised to become the largest onshore wind turbine, surpassing even the largest offshore turbines such as GE's 14 MW Halliade-X. This achievement was made possible with support from the Chinese government and industry partners, allowing Goldwind to advance its technology. Goldwind now holds the fourth position globally in installed wind energy capacity, with a strong presence in China and projects across multiple continents.

What Are Latest Mergers And Acquisitions In The Onshore Wind Energy Market?

In October 2023, Statkraft AS, a Norway-based renewable energy company, acquired Njordr Offshore Wind AB and Svevind Nordic AB for an undisclosed amount. Through thisacquisition aims to enhance Statkraft's presence in the Swedish renewable energy market, specifically in onshore and offshore wind power development. Njordr Offshore Wind AB is a Sweden-based company specializing in solar and wind energy projects, including onshore and offshore wind development. Svevind Nordic AB is a Sweden-based renewable energy company that specializes in the development and management of onshore wind power projects.

What Defines the Onshore Wind Energy Market?

The onshore wind energy market includes revenues earned by entities through related project management, site assessments, and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. The onshore wind energy market also includes sales of wind turbines, towers, blades, and generators. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Onshore Wind Energy Market Report 2026?

The onshore wind energy market research report is one of a series of new reports from The Business Research Company that provides market statistics, including Market Report 2026?global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the onshore wind energy Market Report 2026? The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the Market Report 2026?