Global Wind Energy Source Market, By Type (Utility- Scale Wind, Offshore Wind, Distributed or small wind), By Seeds ( Horizontal-axis Turbines, Vertical-axis Turbines), By Application (Electrical Energy Production, Pumping Water, Renewable Hydrogen), By Region - Size, Share, Outlook, and Opportunity Analysis, 2023–2030.
Global Wind Energy Source Market
The Global Wind Power Market size was valued at USD 100.66 billion in 2022 and is expected to 165.99 billion in 2030 expand at a CAGR of 6.5% from 2023 to 2030 with value forecasted at 2023–2030.
Throughout human history, biomass has been the main ingredient of energy sources. Renewable energy use started in the United States in the early 1800s and by the early-1900s. In the mid-1980s, the use of renewable energy began rapidly increasing for electricity generation. The increase in the percentage of renewable energy can reduce as well as avoid carbon dioxide emissions. There are several resources in our surrounding nature; a few of them are thermal energy, nuclear energy, sunlight energy, and wind energy. There must be a few parameters on which the energy is quantified such as is it economical, transportable, and non-polluting.
Air is the main source of wind energy to be created. Places like deserts, hilly regions, and coastal plains are considered to be the main areas where wind energy can be harvested. The wind being a source helps in maintaining the carbon-dioxide levels in the environment. When no longer required, wind farming locations can be demolished without leaving a trace so that the area can be utilised for other reasons. The cost of producing wind energy has decreased because to technological advancements.
Market Drivers
Government policies act as drivers for the growth of the offshore wind market. An increase in demand for electricity and concerns toward non-renewable energy sources such as fossil fuels, and awareness of the effects of greenhouse gasses i.e. carbon dioxide propellent for the growth of offshore wind market. Global wind capacity almost doubles in the forecast period. The offshore projects are considered for one-fifth of the growth. Wind and solar when counted together will account for over 80-90% of the renewable power capacity will add over the next five years. Wind energy reduces air pollution emissions. By 2040, wind energy could avoid the emission of 12 gigatonnes of greenhouse gasses. Wind energy preserves water resources. By 2040, wind energy can also save 250 billion gallons of water—that is equivalent to roughly 450,000 Olympic-size swimming pools—that would have been used by the electric power sector. Wind energy deployment increases community revenues. Local communities will be able to collect additional tax revenue from land lease payments and property taxes, reaching $3 billion annually by 2040.
Market Restraints
The main factors that influence as well as enhance power output are wind speed, air density, and blade radius. Wind turbines should be needed in areas with a lot of wind regularly, which is more important than having occasional high winds. The main challenges are wind power must compete in order with other low-cost energy sources, ideal wind sites are often located in remote locations, turbines tend to produce noise and alter visual aesthetics, and wind plants can however impact local wildlife.
Market Segmentation
The global wind energy market is segmented based on type, turbines, application, and region. Based on type it is segmented into offshore and onshore. Based on end-users, the market is classified into industrial, commercial, and residential.
Regional Analysis
The key regions in the wind power market are North America, the Middle East and Africa (MEA), Europe, South and Central America, and Asia-Pacific. Asia-Pacific.
Key players
The main companies that are invested in wind-making types of equipment are listed here Vestas, GE, Siemens Gamesa, Envision, MHI Vesta, Shanghai Electric, Xinjiang Goldwind, WEG, Indowind, DNV GL.
Market Taxonomy
By Type
Utility-Scale Wind
Offshore Wind
Distributed or small wind
By Turbines
Horizontal-axis Turbines
Vertical-axis Turbines
By Application
Electrical Energy Production
Pumping Water
Renewable Hydrogen
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Question Addressed by the Report
• What are the Key Opportunities in the Global Wind Energy Source Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
• What is the competitive Landscape in the industry?
Global Wind Energy Source Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Wind Energy Source Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn.
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Wind Energy Source Market, By Turbines
5.1 Y-o-Y Growth Comparison, By Turbines
5.2 Global Wind Energy Source Market Share Analysis, By Turbines
5.3 Global Wind Energy Source Market Size and Forecast, By Turbines
5.3.1 Horizontal-axis Turbines
5.3.2 Vertical-axis Turbines
6 Global Wind Energy Source Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Wind Energy Source Market Share Analysis, By Application
6.3 Global Wind Energy Source Market Size and Forecast, By Application
6.3.1 Electrical Energy Production
6.3.2 Pumping Water
6.3.3 Renewable Hydrogen
7 Global Wind Energy Source Market, By Type
7.1 Y-o-Y Growth Comparison, By Type
7.2 Global Wind Energy Source Market Share Analysis, By Type
7.3 Global Wind Energy Source Market Size and Forecast, By Type
7.3.1 Utility-Scale Wind
7.3.2 Offshore Wind
7.3.3 Distributed or small wind
8 Global Wind Energy Source Market, By Region
8.1 Global Wind Energy Source Market Share Analysis, By Region
8.2 Global Wind Energy Source Market Size and Forecast, By Region
8.3 Global Wind Energy Source Market Trends and Forecast, By Region
9 North America Wind Energy Source Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Wind Energy Source Market Share Analysis, By Turbines
9.3 North America Wind Energy Source Market Size and Forecast, By Application
9.4 North America Wind Energy Source Market Size and Forecast, By Type
9.5 North America Wind Energy Source Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1. Market Size and Forecast, By Turbines
9.5.1.2 Market Size and Forecast, By Application
9.5.1.3. Market Size and Forecast, By Type
9.5.2 Canada
9.5.2.1. Market Size and Forecast, By Turbines
9.5.2.2 Market Size and Forecast, By Application
9.5.2.3. Market Size and Forecast, By Type
9.5.3 Mexico
9.5.3.1. Market Size and Forecast, By Turbines
9.5.3.2 Market Size and Forecast, By Application
9.5.3.3. Market Size and Forecast, By Type
10 Europe Wind Energy Source Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Wind Energy Source Market Share Analysis, By Turbines
10.3 Europe Wind Energy Source Market Size and Forecast, By Application
10.4 Europe Wind Energy Source Market Size and Forecast, By Type
10.5 Europe Wind Energy Source Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1. Market Size and Forecast, By Turbines
10.5.1.2 Market Size and Forecast, By Application
10.5.1.3. Market Size and Forecast, By Type
10.5.2 France
10.5.2.1. Market Size and Forecast, By Turbines
10.5.2.2 Market Size and Forecast, By Application
10.5.2.3. Market Size and Forecast, By Type
10.5.3 UK
10.5.3.1. Market Size and Forecast, By Turbines
10.5.3.2 Market Size and Forecast, By Application
10.5.3.3. Market Size and Forecast, By Type
10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Turbines
10.5.4.2 Market Size and Forecast, By Application
10.5.4.3. Market Size and Forecast, By Type
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Turbines
10.5.5.2 Market Size and Forecast, By Application
10.5.5.3. Market Size and Forecast, By Type
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Turbines
10.5.6.2 Market Size and Forecast, By Application
10.5.6.3. Market Size and Forecast, By Type
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Turbines
10.5.7.2 Market Size and Forecast, By Application
10.5.7.3. Market Size and Forecast, By Type
11 Asia Pacific Wind Energy Source Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Wind Energy Source Market Share Analysis, By Turbines
11.3 Asia Pacific Wind Energy Source Market Size and Forecast, By Application
11.4 Asia Pacific Wind Energy Source Market Size and Forecast, By Type
11.5 Asia Pacific Wind Energy Source Market Size and Forecast, By Country
11.5.1 China
11.5.1.1. Market Size and Forecast, By Turbines
11.5.1.2 Market Size and Forecast, By Application
11.5.1.3. Market Size and Forecast, By Type
11.5.2 Japan
11.5.2.1. Market Size and Forecast, By Turbines
11.5.2.2 Market Size and Forecast, By Application
11.5.2.3. Market Size and Forecast, By Type
11.5.3 India
11.5.3.1. Market Size and Forecast, By Turbines
11.5.3.2 Market Size and Forecast, By Application
11.5.3.3. Market Size and Forecast, By Type
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Turbines
11.5.4.2 Market Size and Forecast, By Application
11.5.4.3. Market Size and Forecast, By Type
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Turbines
11.5.5.2 Market Size and Forecast, By Application
11.5.5.3. Market Size and Forecast, By Type
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Turbines
11.5.6.2 Market Size and Forecast, By Application
11.5.6.3. Market Size and Forecast, By Type
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Turbines
11.5.7.2 Market Size and Forecast, By Application
11.5.7.3. Market Size and Forecast, By Type
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Turbines
11.5.8.2 Market Size and Forecast, By Application
11.5.8.3. Market Size and Forecast, By Type
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Turbines
11.5.9.2 Market Size and Forecast, By Application
11.5.9.3. Market Size and Forecast, By Type
12 Latin America Wind Energy Source Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Wind Energy Source Market Share Analysis, By Turbines
12.3 Latin America Wind Energy Source Market Size and Forecast, By Application
12.4 Latin America Wind Energy Source Market Size and Forecast, By Type
12.5 Latin America Wind Energy Source Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1. Market Size and Forecast, By Turbines
12.5.1.2 Market Size and Forecast, By Application
12.5.1.3. Market Size and Forecast, By Type
12.5.2 Argentina
12.5.2.1. Market Size and Forecast, By Turbines
12.5.2.2 Market Size and Forecast, By Application
12.5.2.3. Market Size and Forecast, By Type
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Turbines
12.5.3.2 Market Size and Forecast, By Application
12.5.3.3. Market Size and Forecast, By Type
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Turbines
12.5.4.2 Market Size and Forecast, By Application
12.5.4.3. Market Size and Forecast, By Type
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Turbines
12.5.5.2 Market Size and Forecast, By Application
12.5.5.3. Market Size and Forecast, By Type
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Turbines
12.5.6.2 Market Size and Forecast, By Application
12.5.6.3. Market Size and Forecast, By Type
12.5.7. rest of Latin America
12.5.7.1. Market Size and Forecast, By Turbines
12.5.7.2 Market Size and Forecast, By Application
12.5.7.3. Market Size and Forecast, By Type
13 Middle East Wind Energy Source Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Wind Energy Source Market Share Analysis, By Turbines
13.3 Middle East Wind Energy Source Market Size and Forecast, By Application
13.4 Middle East Wind Energy Source Market Size and Forecast, By Type
13.5 Middle East Wind Energy Source Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Turbines
13.5.1.2 Market Size and Forecast, By Application
13.5.1.3. Market Size and Forecast, By Type
13.5.2 UAE
13.5.2.1. Market Size and Forecast, By Turbines
13.5.2.2 Market Size and Forecast, By Application
13.5.2.3. Market Size and Forecast, By Type
13.5.3 Egypt
13.5.3.1. Market Size and Forecast, By Turbines
13.5.3.2 Market Size and Forecast, By Application
13.5.3.3. Market Size and Forecast, By Type
13.5.4 Kuwait
13.5.4.1. Market Size and Forecast, By Turbines
13.5.4.2 Market Size and Forecast, By Application
13.5.4.3. Market Size and Forecast, By Type
13.5.5 South Africa
13.5.5.1. Market Size and Forecast, By Turbines
13.5.5.2 Market Size and Forecast, By Application
13.5.5.3. Market Size and Forecast, By Type
13.5.5 Rest of Middle East & Africa
13.5.61. Market Size and Forecast, By Turbines
13.5.62 Market Size and Forecast, By Application
13.5.63. Market Size and Forecast, By Type
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Vestas
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Siemens Gamesa
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. GE
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Envision
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 MHI Vesta
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Shanghai Electric
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Xinjiang Goldwind
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 WEG
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Indowind
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 DNV GL.
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
