Onshore Wind Energy Market Drivers, Segment Insights, Key Players and Regional Analysis Report, 2030

Global Onshore Wind Energy Market Overview:

The Onshore Wind Energy Market is driven by the increasing demand for renewable and clean energy sources to address climate change and reduce carbon emissions with a healthy CAGR of 4.90% during the forecast period of 2022 to 2030.

Market Research Future Insights:

According to MRFR analysis, the global Onshore wind energy market is expected to register a CAGR of 4.90% from 2022 to 2030 and hold a value of over USD 71.11 billion by 2030.

Onshore wind energy refers to the generation of electricity using wind turbines that are located on land, as opposed to offshore wind turbines that are located in bodies of water such as oceans or lakes. Onshore wind energy has become an increasingly popular source of renewable energy due to its low cost and the fact that it does not produce greenhouse gas emissions. The COVID-19 pandemic has had a mixed impact on the onshore wind energy market. On one hand, the pandemic has caused disruptions in the global supply chain, leading to delays in the construction of new wind farms. Additionally, the economic downturn caused by the pandemic has led to a decrease in demand for electricity, which has in turn decreased the demand for new wind energy projects.

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Regional Analysis

The onshore wind energy market is dominated by a few key regions, including Europe, North America, and Asia Pacific.

Europe is the largest market for onshore wind energy, with countries such as Germany, Spain, and the United Kingdom leading the way in terms of installed capacity. The European Union has set a target of achieving 60% renewable energy by 2030

The United States is the largest market for onshore wind energy in North America, with states such as Texas, Iowa, and Oklahoma having significant installed capacity. The Biden administration has set a target of achieving 100% clean electricity by 2035, which is expected to boost demand for onshore wind energy in the coming years.

China is the largest market for onshore wind energy in the Asia Pacific region, with other countries such as India, Japan, and Australia also seeing significant growth in the sector.

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Market Segmentation:

The Global Onshore wind energy market has been segmented into End-use, Application, Power Capacity,  Wind Capacity and Grid Connectivity.         

• Based on End-use: Utilities, Commercial & Industrial and Hybrid Power
• Based on Application: Peak Power Management, Power Storage, Demand Response, Frequency Response and System Stability
• Based on Power Capacity: Less Than 500 KW, 500 KW To 2 MW and More Than 2 MW
• Based on Wind Capacity: High Wind Speed, Medium Wind Speed and Low Wind Speed
• Based on Grid Connectivity: Off-Grid and On-Grid

Global Onshore Wind Energy Market Key Findings:

1. Rapid Growth: The global onshore wind energy market has witnessed significant growth in recent years, driven by the increasing demand for clean and renewable energy sources. Governments and organizations across the world have been actively promoting the development of onshore wind farms, leading to substantial investments in this sector.
2. Capacity Expansion: The installed capacity of onshore wind energy has been steadily increasing. Many countries have set ambitious targets for renewable energy generation, and onshore wind plays a crucial role in meeting these goals. Technological advancements, such as larger and more efficient turbines, have enabled higher power generation from onshore wind farms.
3. Cost Competitiveness: Onshore wind energy has become increasingly cost-competitive compared to conventional energy sources, such as fossil fuels. The declining costs of wind turbine manufacturing, installation, and maintenance, coupled with favorable government policies and subsidies, have contributed to the affordability and attractiveness of onshore wind energy.
4. Environmental Benefits: Onshore wind energy provides numerous environmental benefits, including reduced greenhouse gas emissions, decreased reliance on fossil fuels, and improved air quality. As concerns about climate change and environmental sustainability increase, onshore wind power is being recognized as a vital component of the energy transition towards a cleaner and greener future.

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Key Players:

Some of the market key players are Siemens AG (Germany), Envision energy (China), General Electric Wind Energy (U.S.), Suzlon (India), Vestas Wind System A/S (Denmark), Enercon GmbH (Germany), Mitsubishi Power Systems (Japan), Nordex S.E. (Germany), Repower (Switzerland), Gazelle Wind Turbines (U.K.), and Clipper Wind Power (UK).

Industry News:

SSE Renewables has finalized the acquisition of Siemens Gamesa Renewable Energy’s (SGRE) current European platform for developing renewable energy. Numerous onshore wind development projects are included in the SGRE portfolio.

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Market Research Future® (Part of WantStats Research and Media Pvt. Ltd.) has specialized research analysts in the areas of Aerospace & Defense, Automotive, C&M, Energy & Power, F&B, Healthcare & Pharmaceutical, ICT, Industrial Equipment, Packaging Construction & Mining and Semiconductor.

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and about what action to take based on these aspects.

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