Wind turbines market to reach 934.6GW by 2030, forecasts GlobalData

GlobalData’s latest report, ‘Wind Turbines Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast, 2024-2030’, offers comprehensive information and understanding of the global wind turbine market. The report analyses the wind turbine market value and capacity for the historical (2020–2024) and forecast (2025–2030) periods, as well as country-wise drivers and restraints affecting the market.

The report also provides detailed information about key policies and regulations, the market share for 2024, major upcoming projects and contracts for each country. The analysis is based on GlobalData’s proprietary databases, as well as primary and secondary research, and in-house expertise.

The global wind energy market is entering its strongest growth phase to date, driven by accelerating national decarbonisation targets, energy‑security needs and long‑term industrial strategies. The aggregate installations are expected to reach 934.6GW in 2030.

The Asia-Pacific (APAC) region leads the global wind turbine market, accounting for the largest share of annual installations and possessing the most advanced manufacturing capabilities for turbines, components, and offshore technologies. APAC’s dominance is primarily driven by China’s extensive onshore and offshore development, India’s rapidly growing domestic manufacturing and auction-driven expansion, and the emerging offshore projects in Japan and Australia.

Europe, the Middle East, and Africa (EMEA) represent the second-largest market. Europe serves as the regional anchor, bolstered by binding climate mandates under the EU Green Deal, the revised Renewable Energy Directive III, and a strong offshore wind trajectory led by countries in the North Sea. The Americas ranks as the third-largest market, with the US leading the way, where the Inflation Reduction Act (IRA) has stimulated clean energy manufacturing, repowering activities, and the development of an emerging offshore wind supply chain.

The Middle East and North Africa are advancing utility-scale renewable energy projects through government-backed procurements and decarbonisation initiatives, while certain areas of Sub-Saharan Africa are gradually unlocking wind projects with the help of international financing and regional power pool initiatives.

The Americas ranks as the third-largest market, with the US leading the way, where the Inflation Reduction Act (IRA) has stimulated clean energy manufacturing, repowering activities, and the development of an emerging offshore wind supply chain.

Market share leadership is increasingly concentrated among China’s major original equipment manufacturers (OEMs), supported by cost-efficient manufacturing and unmatched domestic deployment volumes. Meanwhile, European and US manufacturers remain competitive through advanced offshore technology, digital optimisation, and robust service portfolios. Current trends such as turbine upscaling, hybrid project integration, and supply chain localisation are transforming how and where turbines are produced and deployed.

The global wind turbine market is on the brink of a new era of accelerated growth, fuelled by increasing clean energy commitments, rapid technological advancements, and more resilient manufacturing ecosystems.

With Chinese OEMs leading global capacity additions and Western manufacturers driving innovation in offshore and digital turbine platforms, the industry is entering its most competitive and transformative phase to date. As nations ramp up wind deployment to meet climate targets and ensure long-term energy independence, the global wind turbine market is expected to grow significantly, reinforcing wind power’s role as a cornerstone of the world’s renewable energy future.

“Wind turbines market to reach 934.6GW by 2030, forecasts GlobalData” was originally created and published by Power Technology, a GlobalData owned brand.

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