Home > Energy & Power > Renewable Energy > Wind Energy > Wind Energy Market

Wind Energy Market Trends

Report ID: GMI2387
Published Date: Aug 2024
Report Format: PDF

Download Free Sample

Wind Energy Market Trends

Growing integration with other renewable energy sources and storage solutions to provide more stable and reliable power coupled with introduction of various hybrid projects combining wind, solar, and battery storage will drive the business scenario. Set ambitious renewable energy targets coupled with implementation of policies including feed-in tariffs, tax credits, and auction systems to support the wind energy projects will strengthen the industry landscape.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of wind energy was worth more than USD 146.4 billion in 2023 and is expected to grow at over 13.8% CAGR through 2032, driven by the increasing demand for electricity.

The onshore segment in the wind energy market will grow at over 9.5% CAGR through 2032, owing to reduced greenhouse gas emissions, energy security, and economic development.

North America wind energy market revenue to cross USD 47 billion by 2032, driven by technological advancements, supportive policies, and market dynamics.

Bergey Windpower, CSSC Offshore Wind Power Co., Ltd., Doosan Corporation, EOLINK, Envision Group, GE Vernova, Goldwind, Hitachi, Ltd., Mingyang Smart Energy Group Co., Ltd., and Nordex SE