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Onshore Wind Energy Market Trends

Report ID: GMI10721
Published Date: Aug 2024
Report Format: PDF

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Onshore Wind Energy Market Trends

Streamlined permitting and regulatory processes to facilitate the development of wind projects is set to drive the product adoption. Policies promoting grid integration and addressing transmission infrastructure challenges along with setting ambitious targets for renewable energy adoption will drive the business scenario. Continued decline in the cost of wind energy coupled with economies of scale in manufacturing and installation reducing overall costs will significantly proliferate the business growth.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of onshore wind energy was worth about USD 77.9 billion in 2023 and is anticipated to register 11.3% CAGR between 2024 and 2032, due to rising renewable energy targets and technological advancements.

The turbine segment in the onshore wind energy market is set to reach USD 44 billion by 2032, due to increasing renewable energy targets and technological advancements

Asia Pacific onshore wind energy market is set to reach USD 156 billion by 2032, driven by government policies and increasing energy demand.

CRRC, CSSC Haizhuang Wind Power, Envision Group, Goldwind, GE Vernova, Iberdrola, S.A. , Nordex SE, SeWind, Siemens Gamesa Renewable Energy, United Power, Vestas, and Windey Energy Technology Group Co.,Ltd.