Onshore Wind Energy Market was valued at USD 108.8 Billion in 2022 and is projected to reach USD 170.6 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The onshore wind energy market demonstrated robust growth in 2022, with a market size valued at approximately USD 104 billion. The market witnessed a Compound Annual Growth Rate (CAGR) of around 8.5% during this period, reflecting a strong upward trajectory in investment and deployment of wind energy technologies. This growth can be attributed to the increasing global emphasis on renewable energy sources, favorable government policies, and advancements in wind turbine technology. Opportunities within the onshore wind energy market are substantial, particularly in emerging regions such as Asia-Pacific and Latin America. These regions are expected to experience rapid growth due to their favorable wind conditions and evolving energy policies. Additionally, technological advancements and decreasing costs of wind turbine installations are likely to drive further market expansion. With a focus on sustainable development and reducing carbon footprints, the onshore wind energy sector presents significant prospects for both investors and developers looking to capitalize on the transition towards cleaner energy sources.
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Siemens
Envision Energy
General Electric
Suzlon
Vestas
Enercon
Mitsubishi Power Systems
Nordex
Repower
Gazelle Wind Turbines
Clipper Wind Power
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Onshore Wind Energy Market
Utility
Non-utility
Based on Types the Market is categorized into Below types that held the largest Onshore Wind Energy market share In 2023.
Less Than 500 KW
500 KW To 2 MW
More Than 2 MW
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Onshore Wind Energy Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Onshore Wind Energy Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Onshore Wind Energy Market, By Type
6. Global Onshore Wind Energy Market, By Application
7. Global Onshore Wind Energy Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Onshore Wind Energy Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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