Onshore Wind Power Market Report 2026

Onshore Wind Power Market Overview

• Onshore Wind Power market size has reached to $46.23 billion in 2025 • Expected to grow to $61.72 billion in 2030 at a compound annual growth rate (CAGR) of 5.9% • Growth Driver: Growing Demand For Renewable Energy Drives Expansion In Onshore Wind Power Market • Market Trend: Technological Advancements In Wind Turbine Revolutionize Onshore Wind Energy • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Onshore Wind Power Market?

Onshore wind power refers to the generation of electricity using wind turbines located on land. These turbines harness the wind's kinetic energy to produce renewable electricity, contributing to a reduction in greenhouse gas emissions. Onshore wind power is a key component of sustainable energy strategies due to its lower costs and ease of installation compared to offshore alternatives. The main capacities of onshore wind power are below 500 kilowatts (kW), 500 kilowatts (kW) to 2 megawatts (MW), and above 2 megawatts (MW). Below 500 kilowatts refers to onshore wind turbines with a capacity of less than 500 kilowatts, which are used in residential or small-scale commercial applications. The various wind capacities include high, medium, and low with different grid connectivity’s, such as off-grid and on-grid, for varying end-users, including residential and commercial.

What Is The Onshore Wind Power Market Growth Forecast?

The onshore wind power market size is expected to see strong growth in the next few years. It will grow to $61.72 billion in 2030 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing investments in decentralized energy generation, rising electrification of industries, expansion of smart grid integration, growing demand for reliable renewable power, increased focus on lifecycle optimization of wind assets. Major trends in the forecast period include increasing adoption of cost-optimized onshore wind projects, rising deployment of medium and large wind farms, growing focus on grid-connected wind power, expansion of community wind projects, enhanced integration of digital monitoring systems.

Global Onshore Wind Power Market Segmentation

1) By Capacity: Below 500 Kilowatt (KW), 500 Kilowatt (KW) To 2 Megawatt (MW), Above 2 Megawatt (MW) 2) By Wind Capacity: High, Medium, Low 3) By Grid Connectivity: Off Grid, On Grid 4) By End-User: Residential, Commercial Subsegments: 1) By Below 500 Kilowatt (KW): Small-Scale Residential Wind Turbines, Agricultural Wind Turbines, Off-Grid Wind Power Systems 2) By 500 Kilowatt (KW) To 2 Megawatt (MW): Community Wind Projects, Mid-Size Industrial Wind Turbines, Commercial Wind Farms 3) By Above 2 Megawatt (MW): Large-Scale Utility Wind Farms, High-Capacity Industrial Wind Turbines, Grid-Connected Wind Projects

What Is The Driver Of The Onshore Wind Power Market?

The increasing demand for renewable energy is expected to propel the growth of the onshore wind power market going forward. Renewable energy refers to energy derived from natural sources that are replenished on a human timescale and are not depleted when used. The rise in demand for renewable energy is mainly driven by the need to lower carbon emissions and address environmental concerns. Onshore wind power contributes to the rising demand for renewable energy by providing a viable, clean, and increasingly cost-effective source of electricity, thereby supporting the overall shift towards more sustainable energy solutions. For instance, in January 2023, according to the International Trade Administration, a US-based government agency, in June 2023, the country's peak demand reached a record high of 223 gigawatts (GW), marking a 3.4% increase from the highest level recorded in 2022, and forecasts suggest that consumption will continue to rise. Therefore, increasing demand for renewable energy is driving the growth of the onshore wind power industry.

Key Players In The Global Onshore Wind Power Market

Major companies operating in the onshore wind power market are Iberdrola S.A., Duke Energy, NextEra Energy Resources, Vestas Wind Systems AS, Siemens Gamesa Renewable Energy SA, Enel Green Power S.p.A., Pattern Energy Group Inc., Nordex Group, Enercon GmbH, Brookfield Renewable Partners, TransAlta Corp, Renewable Energy Systems RES, Invenergy LLC, Clearway Energy, Boralex Inc, Mainstream Renewable Power, Apex Clean Energy, Windlab Ltd, Gazelle Wind Power Limited, Vortex Bladeless Ltd

Global Onshore Wind Power Market Trends and Insights

Major companies operating in the onshore wind power market are developing onshore wind turbines to enhance wind resource management and improve overall renewable energy production. An onshore wind turbine is a land-based device that generates electricity by harnessing wind energy, commonly found in wind farms. For instance, in April 2023, Goldwind Science & Technology Co., Ltd., a China-based wind turbine manufacturing company, launched two new turbine models, the GWH221-8.X-10 and the GWH24X-12. The GWH24X-12.X, with an anticipated 12 megawatt (MW) capacity, is set to become the largest onshore wind turbine, surpassing even the largest offshore turbines like GE's 14 MW Halliade-X. This innovation was made possible through support from the Chinese government and industry partners, enabling Goldwind to advance its technology. Goldwind now ranks fourth globally in installed wind energy capacity, with a strong presence in China and projects across several continents.

What Are Latest Mergers And Acquisitions In The Onshore Wind Power Market?

In September 2023, Repsol S.A., Inc., a Spain-based energy and petrochemical company that engaged in worldwide upstream and downstream activities, acquired ConnectGen LLC from Quantum Capital Group for $0.768 billion (c.€715 million). Repsol's acquisition of ConnectGen, valued at $768 million, significantly enhances its position in the renewable energy sector. With ConnectGen's robust pipeline of 20 GW in onshore wind, solar, and energy storage projects, Repsol is well-equipped to meet its goal of achieving 20 GW of renewable capacity by the end of the decade. ConnectGen LLC is a US-based company that develops high-quality wind, solar, and energy storage projects.

Regional Outlook

North America was the largest region in the onshore wind power market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Onshore Wind Power Market?

The onshore wind power market consists of revenues earned by entities by providing services such as installation, operation, maintenance, and management of wind farms. The market value includes the value of related goods sold by the service provider or included within the service offering. The onshore wind power market also includes sales of rotors (blades), towers, and generators. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Onshore Wind Power Market Report 2026?

The onshore wind power market research report is one of a series of new reports from The Business Research Company that provides market statistics, including Market Report 2026?global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the onshore wind power Market Report 2026? The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the Market Report 2026?