Wind Turbine Market Size, Share, and Trends 2025 to 2034

The global wind turbine market size is estimated at USD 161.83 billion in 2025 and is anticipated to reach around USD 318.02 billion by 2034, expanding at a CAGR of 7.81% from 2025 to 2034. The Asia Pacific wind turbine market size accounted for USD 95.48 billion in 2025 and is expanding at a CAGR of 7.90% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

Last Updated : June 2025  |  Report Code : 1722  |  Category : Energy and Power  |  Format : PDF / PPT / Excel
cart   Get a Sample     cart    Report Description

List of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Wind Turbine Market, By Axis

7.1. Wind Turbine Market, by Axis

7.1.1. Vertical

7.1.1.1. Market Revenue and Forecast

7.1.2. Horizontal

7.1.2.1. Market Revenue and Forecast

Chapter 8. Global Wind Turbine Market, By Installation

8.1. Wind Turbine Market, by Installation

8.1.1. Offshore

8.1.1.1. Market Revenue and Forecast

8.1.2. Onshore

8.1.2.1. Market Revenue and Forecast

Chapter 9. Global Wind Turbine Market, By Components

9.1. Wind Turbine Market, by Components

9.1.1. Rotator blade

9.1.1.1. Market Revenue and Forecast

9.1.2. Generator

9.1.2.1. Market Revenue and Forecast

9.1.3. Gearbox

9.1.3.1. Market Revenue and Forecast

9.1.4. Nacelle

9.1.4.1. Market Revenue and Forecast

Chapter 10. Global Wind Turbine Market, By Application

10.1. Wind Turbine Market, by Application

10.1.1. Residential

10.1.1.1. Market Revenue and Forecast

10.1.2. Utility

10.1.2.1. Market Revenue and Forecast

10.1.3. Industrial

10.1.3.1. Market Revenue and Forecast

10.1.4. Commercial

10.1.4.1. Market Revenue and Forecast

Chapter 11. Global Wind Turbine Market, By Capacity

11.1. Wind Turbine Market, by Capacity

11.1.1. Small

11.1.1.1. Market Revenue and Forecast

11.1.2. Medium

11.1.2.1. Market Revenue and Forecast

11.1.3. Large

11.1.3.1. Market Revenue and Forecast

Chapter 12. Global Wind Turbine Market, By Connectivity

12.1. Wind Turbine Market, by Connectivity

12.1.1. Grid Connected

12.1.1.1. Market Revenue and Forecast

12.1.2. Stand Alone

12.1.2.1. Market Revenue and Forecast

Chapter 13. Global Wind Turbine Market, By Rating

13.1. Wind Turbine Market, by Rating

13.1.1. < 100 kW

13.1.1.1. Market Revenue and Forecast

13.1.2. 100 kW to 250 kW

13.1.2.1. Market Revenue and Forecast

13.1.3. > 250 kW to 500 kW

13.1.3.1. Market Revenue and Forecast

13.1.4. > 500 kW to 1 MW

13.1.4.1. Market Revenue and Forecast

13.1.5. 1 MW to 2 MW

13.1.5.1. Market Revenue and Forecast

13.1.6. >2 MW

13.1.6.1. Market Revenue and Forecast

Chapter 14. Global Wind Turbine Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Axis

14.1.2. Market Revenue and Forecast, by Installation

14.1.3. Market Revenue and Forecast, by Components

14.1.4. Market Revenue and Forecast, by Application

14.1.5. Market Revenue and Forecast, by Capacity

14.1.6. Market Revenue and Forecast, by Rating

14.1.7. Market Revenue and Forecast, by Connectivity

14.1.8. U.S.

14.1.8.1. Market Revenue and Forecast, by Axis

14.1.8.2. Market Revenue and Forecast, by Installation

14.1.8.3. Market Revenue and Forecast, by Components

14.1.8.4. Market Revenue and Forecast, by Application

14.1.8.5. Market Revenue and Forecast, by Capacity

14.1.8.6. Market Revenue and Forecast, by Rating

14.1.8.7. Market Revenue and Forecast, by Connectivity

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Axis

14.1.9.2. Market Revenue and Forecast, by Installation

14.1.9.3. Market Revenue and Forecast, by Components

14.1.9.4. Market Revenue and Forecast, by Application

14.1.9.5. Market Revenue and Forecast, by Capacity

14.1.9.6. Market Revenue and Forecast, by Rating

14.1.9.7. Market Revenue and Forecast, by Connectivity

14.2. Europe

14.2.1. Market Revenue and Forecast, by Axis

14.2.2. Market Revenue and Forecast, by Installation

14.2.3. Market Revenue and Forecast, by Components

14.2.4. Market Revenue and Forecast, by Application

14.2.5. Market Revenue and Forecast, by Capacity

14.2.6. Market Revenue and Forecast, by Rating

14.2.7. Market Revenue and Forecast, by Connectivity

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Axis

14.2.8.2. Market Revenue and Forecast, by Installation

14.2.8.3. Market Revenue and Forecast, by Components

14.2.8.4. Market Revenue and Forecast, by Application

14.2.8.5. Market Revenue and Forecast, by Capacity

14.2.8.6. Market Revenue and Forecast, by Rating

14.2.8.7. Market Revenue and Forecast, by Connectivity

14.2.9. Germany

14.2.9.1. Market Revenue and Forecast, by Axis

14.2.9.2. Market Revenue and Forecast, by Installation

14.2.9.3. Market Revenue and Forecast, by Components

14.2.9.4. Market Revenue and Forecast, by Application

14.2.9.5. Market Revenue and Forecast, by Capacity

14.2.9.6. Market Revenue and Forecast, by Rating

14.2.9.7. Market Revenue and Forecast, by Connectivity

14.2.10. France

14.2.10.1. Market Revenue and Forecast, by Axis

14.2.10.2. Market Revenue and Forecast, by Installation

14.2.10.3. Market Revenue and Forecast, by Components

14.2.10.4. Market Revenue and Forecast, by Application

14.2.10.5. Market Revenue and Forecast, by Capacity

14.2.10.6. Market Revenue and Forecast, by Rating

14.2.10.7. Market Revenue and Forecast, by Connectivity

14.2.11. Rest of Europe

14.2.11.1. Market Revenue and Forecast, by Axis

14.2.11.2. Market Revenue and Forecast, by Installation

14.2.11.3. Market Revenue and Forecast, by Components

14.2.11.4. Market Revenue and Forecast, by Application

14.2.11.5. Market Revenue and Forecast, by Capacity

14.2.11.6. Market Revenue and Forecast, by Rating

14.2.11.7. Market Revenue and Forecast, by Connectivity

14.3. APAC

14.3.1. Market Revenue and Forecast, by Axis

14.3.2. Market Revenue and Forecast, by Installation

14.3.3. Market Revenue and Forecast, by Components

14.3.4. Market Revenue and Forecast, by Application

14.3.5. Market Revenue and Forecast, by Capacity

14.3.6. Market Revenue and Forecast, by Rating

14.3.7. Market Revenue and Forecast, by Connectivity

14.3.8. India

14.3.8.1. Market Revenue and Forecast, by Axis

14.3.8.2. Market Revenue and Forecast, by Installation

14.3.8.3. Market Revenue and Forecast, by Components

14.3.8.4. Market Revenue and Forecast, by Application

14.3.8.5. Market Revenue and Forecast, by Capacity

14.3.8.6. Market Revenue and Forecast, by Rating

14.3.8.7. Market Revenue and Forecast, by Connectivity

14.3.9. China

14.3.9.1. Market Revenue and Forecast, by Axis

14.3.9.2. Market Revenue and Forecast, by Installation

14.3.9.3. Market Revenue and Forecast, by Components

14.3.9.4. Market Revenue and Forecast, by Application

14.3.9.5. Market Revenue and Forecast, by Capacity

14.3.9.6. Market Revenue and Forecast, by Rating

14.3.9.7. Market Revenue and Forecast, by Connectivity

14.3.10. Japan

14.3.10.1. Market Revenue and Forecast, by Axis

14.3.10.2. Market Revenue and Forecast, by Installation

14.3.10.3. Market Revenue and Forecast, by Components

14.3.10.4. Market Revenue and Forecast, by Application

14.3.10.5. Market Revenue and Forecast, by Capacity

14.3.10.6. Market Revenue and Forecast, by Rating

14.3.10.7. Market Revenue and Forecast, by Connectivity

14.3.11. Rest of APAC

14.3.11.1. Market Revenue and Forecast, by Axis

14.3.11.2. Market Revenue and Forecast, by Installation

14.3.11.3. Market Revenue and Forecast, by Components

14.3.11.4. Market Revenue and Forecast, by Application

14.3.11.5. Market Revenue and Forecast, by Capacity

14.3.11.6. Market Revenue and Forecast, by Rating

14.3.11.7. Market Revenue and Forecast, by Connectivity

14.4. MEA

14.4.1. Market Revenue and Forecast, by Axis

14.4.2. Market Revenue and Forecast, by Installation

14.4.3. Market Revenue and Forecast, by Components

14.4.4. Market Revenue and Forecast, by Application

14.4.5. Market Revenue and Forecast, by Capacity

14.4.6. Market Revenue and Forecast, by Rating

14.4.7. Market Revenue and Forecast, by Connectivity

14.4.8. GCC

14.4.8.1. Market Revenue and Forecast, by Axis

14.4.8.2. Market Revenue and Forecast, by Installation

14.4.8.3. Market Revenue and Forecast, by Components

14.4.8.4. Market Revenue and Forecast, by Application

14.4.8.5. Market Revenue and Forecast, by Capacity

14.4.8.6. Market Revenue and Forecast, by Rating

14.4.8.7. Market Revenue and Forecast, by Connectivity

14.4.9. North Africa

14.4.9.1. Market Revenue and Forecast, by Axis

14.4.9.2. Market Revenue and Forecast, by Installation

14.4.9.3. Market Revenue and Forecast, by Components

14.4.9.4. Market Revenue and Forecast, by Application

14.4.9.5. Market Revenue and Forecast, by Capacity

14.4.9.6. Market Revenue and Forecast, by Rating

14.4.9.7. Market Revenue and Forecast, by Connectivity

14.4.10. South Africa

14.4.10.1. Market Revenue and Forecast, by Axis

14.4.10.2. Market Revenue and Forecast, by Installation

14.4.10.3. Market Revenue and Forecast, by Components

14.4.10.4. Market Revenue and Forecast, by Application

14.4.10.5. Market Revenue and Forecast, by Capacity

14.4.10.6. Market Revenue and Forecast, by Rating

14.4.10.7. Market Revenue and Forecast, by Connectivity

14.4.11. Rest of MEA

14.4.11.1. Market Revenue and Forecast, by Axis

14.4.11.2. Market Revenue and Forecast, by Installation

14.4.11.3. Market Revenue and Forecast, by Components

14.4.11.4. Market Revenue and Forecast, by Application

14.4.11.5. Market Revenue and Forecast, by Capacity

14.4.11.6. Market Revenue and Forecast, by Rating

14.4.11.7. Market Revenue and Forecast, by Connectivity

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Axis

14.5.2. Market Revenue and Forecast, by Installation

14.5.3. Market Revenue and Forecast, by Components

14.5.4. Market Revenue and Forecast, by Application

14.5.5. Market Revenue and Forecast, by Capacity

14.5.6. Market Revenue and Forecast, by Rating

14.5.7. Market Revenue and Forecast, by Connectivity

14.5.8. Brazil

14.5.8.1. Market Revenue and Forecast, by Axis

14.5.8.2. Market Revenue and Forecast, by Installation

14.5.8.3. Market Revenue and Forecast, by Components

14.5.8.4. Market Revenue and Forecast, by Application

14.5.8.5. Market Revenue and Forecast, by Capacity

14.5.8.6. Market Revenue and Forecast, by Rating

14.5.8.7. Market Revenue and Forecast, by Connectivity

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Axis

14.5.9.2. Market Revenue and Forecast, by Installation

14.5.9.3. Market Revenue and Forecast, by Components

14.5.9.4. Market Revenue and Forecast, by Application

14.5.9.5. Market Revenue and Forecast, by Capacity

14.5.9.6. Market Revenue and Forecast, by Rating

14.5.9.7. Market Revenue and Forecast, by Connectivity

Chapter 15. Company Profiles

15.1. General Electric company.

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. Vestas Wind Systems A/S

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. Nordex SE.

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Suzlon Energy Limited.

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Siemens Gamesa renewable energy. SA

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. CSIC.

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Shanghai Electric.

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Windey

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

For questions or customization requests, please reach out to us at sales@precedenceresearch.com

Frequently Asked Questions

The global wind turbine market size was reached at USD 149.98 billion in 2024 and it is anticipated to reach around USD 318.02 billion by 2034.

The global wind turbine market is growing at a CAGR of 7.81% in the forecast period 2025 to 2034.

The major players operating in the wind turbine market are General Electric company., Vestas Wind Systems A/S, Nordex SE., Suzlon Energy Limited., Siemens Gamesa renewable energy. SA, CSIC., Shanghai Electric., and Windey.

As the governments are taking initiatives to produce renewable energy there is a growth in the market. An increasing demand for renewable energy sources, especially the wind power and efforts to reduce the dependence on fossil fuel based power generation are expected to be the major factors for the rise of this market.

Asia Pacific region will lead the global wind turbine market in the upcoming years.

Proceed To Buy

USD 4900
USD 3800
USD 2100
USD 2100
Immediate Delivery Available

Plan your call and get expert insights!

Schedule a Meeting Schedule a Meeting

Ask For Sample

No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client

down-arrow-imgGet a Sample

Connect with us now; your solution awaits on the other side!

Contact Us