Are you need IT Support Engineer? Free Consultant
Global Onshore Wind Power Market Outlook 2032: Global Opportunity and Demand Analysis, Market Forecast To 2032
- Published :
Report ID: EP0021
Pages: 185
Base Year: 2023
Format: PDF
Historical Date: 2019-2022
Market Research Report
Summary At A Glance
Description
Table of Contents
List Of Tables
List Of Figures
Research Methodology
Description
MARKET SCOPE:
The global onshore wind power market is projected to grow significantly, registering a CAGR of 15.6% during the forecast period (2024 – 2032).
Onshore wind power involves generating electrical power by harnessing the kinetic energy of wind through wind turbines installed on land. These turbines typically feature large blades mounted on a tall tower. As the wind blows, the blades rotate, and this rotational movement is then converted into electricity by a generator.
Wind turbines, characterized by their structures with blades capturing wind energy, are modern onshore wind power installations. They often vary in size and capacity, with the tower providing support and elevation to access stronger and more consistent wind currents. The nacelle, positioned atop the tower, houses crucial components like the generator, gearbox, and control systems, enabling the adjustment of the turbine’s orientation for optimized energy capture. The rotor, consisting of blades and a hub, captures wind energy, connecting to the turbine’s main shaft through the hub. The generator converts the rotational energy from the blades into electrical power.
Onshore wind power is a well-established and widely embraced form of renewable energy, boasting numerous advantages. It serves as a clean and sustainable energy source, producing no greenhouse gas emissions during operation. Typically situated in regions with high and consistent wind speeds, onshore wind farms make substantial contributions to global endeavors to transition towards more sustainable and low-carbon energy sources.
MARKET OVERVIEW:
Driver: Governmental programs encouraging construction of wind farms is projected to fuel the global onshore wind power market expansion.
In the upcoming years, market growth is expected to be propelled by support from various governments worldwide, manifesting in policies and investments aimed at expanding wind energy project installations. The UK government, for example, has committed to providing new financing totaling US$ 272 million for offshore wind projects. The escalating efforts of leading nations to harness wind energy are likely to be a driving force behind the market’s expansion. A notable instance is Brazil, which introduced its inaugural standards for offshore wind power generation in January 2022. Shell, in March 2021, applied for environmental authorization to construct offshore wind farms along Brazil’s coastline in collaboration with the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA). Moreover, in July 2022, PEC Energia, a subsidiary of Engeform Energia Renovável, and Vestas entered into a contract for the supply of wind turbines for the Serra das Vacas wind farms in the Brazilian state of Pernambuco. The increasing endeavors of leading manufacturers to provide wind turbines and secure permits for offshore wind farm construction significantly contribute to the market’s expansion. Consequently, governmental initiatives promoting wind farm construction have heightened the (CAGR) of the onshore wind energy market worldwide in recent years.
Opportunities: Government Initiatives and technological advancement are expected to pave the way for market growth in the upcoming years.
The market is poised for rapid growth throughout the forecast period, driven by continual technological advancements, a growing need for wind farm development, and increasing power consumption. Anticipated significant market expansion and technological initiatives by key industry players contribute to this positive outlook. Additionally, the surge in projects focused on the establishment of wind farms and wind parks plays a pivotal role in propelling the industry forward. Onshore wind energy remains a favored option for countries aiming to reduce their dependence on fossil fuels, and its attractiveness to investors is further heightened by its cost-effective initial investment and robust return on investment. Consequently, the escalating demand for wind farm construction emerges as a key factor fueling the growth of onshore wind energy market revenue.
COVID IMPACT:
The COVID-19 pandemic, a global health crisis affecting individuals worldwide, has had adverse effects on various industries across the globe. Virtually every nation has implemented emergency measures in response to the pandemic, impacting the operations of almost all sectors. In the aftermath of the COVID-19 pandemic, the onshore wind turbine market is expected to undergo a recovery by 2022. The rebound is projected to be gradual yet consistent, with a moderate increase anticipated in market growth. Onshore wind turbines are poised to experience heightened demand in the forthcoming years, driven by their advantages such as lower energy consumption. The pandemic has prompted a reevaluation of priorities, emphasizing the importance of sustainable and clean energy sources. Governments and industries globally are increasingly recognizing the imperative of investing in renewable energy, with onshore wind turbines positioned as a key player in achieving these objectives. The projected recovery and growth in the onshore wind turbine market post-COVID-19 underscore the resilience of the renewable energy sector.
SEGMENTATION ANALYSIS:
The Above 2 MW is anticipated to grow significantly during the forecast period.
This is primarily attributed to the fact that the 2 MW capacity benefits from advanced wind turbine technology and improved efficiency, resulting in a lower cost of energy for locations characterized by low to medium wind speeds. Numerous industry participants are initiating projects with higher megawatt (MW) capacities to enhance power generation for residential applications. For example, in January 2023, Mingyang introduced an 8.5 MW onshore wind turbine designed to produce a daily output of 200,000 kWh.
REGIONAL ANALYSIS:
The Europe region is set to witness significant growth during the forecast period.
In 2022, Europe is expected to experience significant growth at a substantial (CAGR) throughout the forecast period. This is primarily attributed to the fact that Europe is emerging as a global leader in renewable energy. Wind power, in particular, has played a pivotal role in achieving this success and is instrumental in meeting the European Union’s (EU) renewable energy targets, aiming to make the EU carbon neutral by 2050. Additionally, in 2022, Germany, Sweden, and Finland took the lead in constructing the majority of onshore wind farms in Europe, accounting for 87% of the new wind installations completed in the region last year.
COMPETITIVE ANALYSIS
The global onshore wing power market is reasonably competitive with mergers, acquisitions, and product launches. See some of the major key players in the market.
- Siemens AG
- In September 2022, SSE Renewables had acquired Siemens Gamesa Renewable Energy’s (SGRE) established European platform dedicated to renewable energy development. The acquired portfolio from SGRE encompasses diverse projects focused on the development of onshore wind energy.
- General Electric
- In September 2022, Continuum Green Energy Limited has placed orders with GE Renewable Energy for the supply, installation, and commissioning of 81 units of their 2.7-132 onshore wind turbines. These turbines will be utilized for wind energy projects totaling 218.70 MW, situated in Tamil Nadu and Madhya Pradesh, India.
- Suzlon Energy Limited
- Vestas Wind Systems A/S
- Mitsubishi Power, Ltd.
- Nordex SE
- Envision Energy USA Limited
- Clipper Windpower
- Gazelle Wind Power Limited
- Ming Yang Smart Energy Group Ltd.
Scope of the Report
- By Capacity
- Below 500 KW
- 500 KW – 2 MW
- Above 2 MW
- Others
- By Location
- High Wind Speed
- Medium Wind Speed
- Low Wind Speed
- By Application
- Utility
- Residential
- Others
- By Region
- North America (the United States & Canada)
- Europe (Germany, UK, France, Spain, Italy, and the Rest of Europe)
- Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America, and Rest of The World)
Keys reasons to purchasing this report
- It provides a technological development map over time to understand the industry’s growth rate and indicates how the onshore wind power market is evolving.
- The report offers a dynamic method to various factors that drive or restrain the growth of the market and specifies which onshore wind power submarket will be the main driver of the overall market from 2024 to 2032.
- It renders a definite analysis of changing competitive dynamics and stipulates the leading players and what are their prospects over the forecast period.
- It builds a nine-year estimate based on how the market is predicted to grow and shows what will market shares of the global region change by 2032 and which country will lead the market in 2032.
Table of Contents
- Executive Summary
- Market Snapshot
- Regional Analysis
- Segment Analysis
- Overview and scope
- Market Vision
- Market Definition
- Market Segmentation
- Market Vision
- Global Onshore Wind Power Market Overview By Region: 2019 VS 2023 VS 2032
- Global Onshore Wind Power Market Size by Regions (2019-2023) (USD Million)
- North America Farm Management Software Market Size by Country (2019-2023) (USD Million)
- Europe Onshore Wind Power Market Size by Country (2019-2023) (USD Million)
- Asia Pacific America Onshore Wind Power Market Size by Country (2019-2023) (USD Million)
- Rest of the World Onshore Wind Power Market Size by Country (2019-2023) (USD Million)
- Global Onshore Wind Power Market Size by Regions (2024-2032) (USD Million)
- North America Onshore Wind Power Market Size by Country (2024-2032) (USD Million)
- Europe Onshore Wind Power Market Size by Country (2024-2032) (USD Million)
- Asia Pacific Onshore Wind Power Market Size by Country (2024-2032) (USD Million)
- Rest of the World Onshore Wind Power Market Size by Country (2024-2032) (USD Million)
- Global Onshore Wind Power Market Size by Regions (2019-2023) (USD Million)
- Global Onshore Wind Power Market Dynamics
- Market Overview
- Market Drivers
- Market Restraints/ Challenges Analysis
- Market Opportunities
- PESTLE Analysis
- Porter’s Five Forces Model
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- The threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Value Chain Analysis/Supply Chain Analysis
- Covid-19 Impact Analysis on Global Onshore Wind Power Market
- Market Overview
** In – depth qualitative analysis will be provided in the final report subject to market
- Global Onshore Wind Power Market, By Capacity
- Overview
- Global Onshore Wind Power Market Size By Capacity
- Key Findings for Onshore Wind Power Market – By Capacity
- Below 500 KW
- 500 KW – 2 MW
- Above 2 MW
- Others
- Global Onshore Wind Power Market, By Location
- Overview
- Key Findings for Onshore Wind Power Market – By Location
- High Wind Speed
- Medium Wind Speed
- Low Wind Speed
- Global Onshore Wind Power Market, By Application
- Overview
- Key Findings for Onshore Wind Power Market – By Application
- Utility
- Residential
- Others
- Global Onshore Wind Power Market, By Region
- Key Findings For Onshore Wind Power Market- By Region
- Overview
- Global Onshore Wind Power Market, By Capacity
- Global Onshore Wind Power Market, By Location
- Global Onshore Wind Power Market, By Application
- Global Onshore Wind Power Market- North America
- Overview
- North America Onshore Wind Power Market Size (2019 – 2032) (USD Million)
- North America Onshore Wind Power Market, By Capacity
- North America Onshore Wind Power Market, By Location
- North America Onshore Wind Power Market, By Application
- North America Onshore Wind Power Market Size by Countries
- United States
- Canada
- Global Onshore Wind Power Market- Europe
- Overview
- Europe Onshore Wind Power Market Size (2019 – 2032) (USD Million)
- Europe Onshore Wind Power Market, By Capacity
- Europe Onshore Wind Power Market, By Location
- Europe Onshore Wind Power Market, By Application
- Europe Onshore Wind Power Market Size by Countries
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Global Onshore Wind Power Market – Asia Pacific
- Overview
- Asia Pacific Onshore Wind Power Market Size (2019 – 2032) (USD Million)
- Asia Pacific Onshore Wind Power Market, By Capacity
- Asia Pacific Onshore Wind Power Market, By Location
- Asia Pacific Onshore Wind Power Market, By Application
- Asia Pacific Onshore Wind Power Market Size by Countries
- China
- Japan
- India
- Rest of Asia Pacific
- Global Onshore Wind Power Market- Rest of World
- Overview
- Rest of World Onshore Wind Power Market Size (2019 – 2032) (USD Million)
- Rest of World Onshore Wind Power Market, By Capacity
- Rest of World Onshore Wind Power Market, By Location
- Rest of World Onshore Wind Power Market, By Application
- Rest of World Onshore Wind Power Market Size by Regions
- Middle East & Africa
- Latin America
- Rest Of The World
- Global Onshore Wind Power Market- Competitive Landscape
- Key Strategies Adopted by the Leading Players
- Recent Developments
- Investments & Expansions
- New End-User Launches
- Mergers & Acquisitions
- Agreements, Joint Ventures, and Partnerships
- Global Onshore Wind Power Market- Company Profiles
- General Electric
- Company Overview
- Financial Overview
- Product Offered
- Key Developments
- Siemens AG
- Suzlon Energy Limited
- Vestas Wind Systems A/S
- Mitsubishi Power, Ltd.
- Nordex SE
- Envision Energy USA Limited
- Clipper Windpower
- Gazelle Wind Power Limited
- Ming Yang Smart Energy Group Ltd.
- General Electric
- Our Research Methodology
- Data Triangulation
- Data Sources
- Secondary Sources
- Primary Sources
- Assumptions/ Limitations For The Study
- Research & Forecasting Methodology
- Appendix
- Disclaimer
- Contact Us
List Of Tables
- Global Onshore Wind Power Historic Market Size By Regions (2019 – 2023) (USD Million)
- Global Onshore Wind Power Forecasted Market Size By Regions (2024-2032) (USD Million)
- Global Onshore Wind Power Market- Drivers
- Global Onshore Wind Power Market- Restraint /Challenges
- Global Onshore Wind Power Market- Opportunity Analysis
- Global Onshore Wind Power Market Size By Capacity (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Below 500 KW (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By 500 KW – 2 MW (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Above 2 MW (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Others (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Location (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By High Wind Speed (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Medium Wind Speed (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Low Wind Speed (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Application (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Utility (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Residential (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Others (2019 – 2032) (USD Million)
- North America Onshore Wind Power Market Size By Capacity (2019 – 2032) (USD Million)
- North America Onshore Wind Power Market Size By Below 500 KW (2019 – 2032) (USD Million)
- North America Onshore Wind Power Market Size By 500 KW – 2 MW (2019 – 2032) (USD Million)
- North America Onshore Wind Power Market Size By Above 2 MW (2019 – 2032) (USD Million)
- North America Onshore Wind Power Market Size By Others (2019 – 2032) (USD Million)
- North America Onshore Wind Power Market Size By Location (2019 – 2032) (USD Million)
- North America Onshore Wind Power Market Size By High Wind Speed (2019 – 2032) (USD Million)
- North America Onshore Wind Power Market Size By Medium Wind Speed (2019 – 2032) (USD Million)
- North America Onshore Wind Power Market Size By Low Wind Speed (2019 – 2032) (USD Million)
- North America Onshore Wind Power Market Size By Application (2019 – 2032) (USD Million)
- North America Onshore Wind Power Market Size By Utility (2019 – 2032) (USD Million)
- North America Onshore Wind Power Market Size By Residential (2019 – 2032) (USD Million)
- North America Onshore Wind Power Market Size By Others (2019 – 2032) (USD Million)
- Europe Onshore Wind Power Market Size By Capacity (2019 – 2032) (USD Million)
- Europe Onshore Wind Power Market Size By Below 500 KW (2019 – 2032) (USD Million)
- Europe Onshore Wind Power Market Size By 500 KW – 2 MW (2019 – 2032) (USD Million)
- Europe Onshore Wind Power Market Size By Above 2 MW (2019 – 2032) (USD Million)
- Europe Onshore Wind Power Market Size By Others (2019 – 2032) (USD Million)
- Europe Onshore Wind Power Market Size By Location (2019 – 2032) (USD Million)
- Europe Onshore Wind Power Market Size By High Wind Speed (2019 – 2032) (USD Million)
- Europe Onshore Wind Power Market Size By Medium Wind Speed (2019 – 2032) (USD Million)
- Europe Onshore Wind Power Market Size By Low Wind Speed (2019 – 2032) (USD Million)
- Europe Onshore Wind Power Market Size By Application (2019 – 2032) (USD Million)
- Europe Onshore Wind Power Market Size By Utility (2019 – 2032) (USD Million)
- Europe Onshore Wind Power Market Size By Residential (2019 – 2032) (USD Million)
- Europe Onshore Wind Power Market Size By Others (2019 – 2032) (USD Million)
- Asia Pacific Onshore Wind Power Market Size By Capacity (2019 – 2032) (USD Million)
- Asia Pacific Onshore Wind Power Market Size By Below 500 KW (2019 – 2032) (USD Million)
- Asia Pacific Onshore Wind Power Market Size By 500 KW – 2 MW (2019 – 2032) (USD Million)
- Asia Pacific Onshore Wind Power Market Size By Above 2 MW (2019 – 2032) (USD Million)
- Asia Pacific Onshore Wind Power Market Size By Others (2019 – 2032) (USD Million)
- Asia Pacific Onshore Wind Power Market Size By Location (2019 – 2032) (USD Million)
- Asia Pacific Onshore Wind Power Market Size By High Wind Speed (2019 – 2032) (USD Million)
- Asia Pacific Onshore Wind Power Market Size By Medium Wind Speed (2019 – 2032) (USD Million)
- Asia Pacific Onshore Wind Power Market Size By Low Wind Speed (2019 – 2032) (USD Million)
- Asia Pacific Onshore Wind Power Market Size By Application (2019 – 2032) (USD Million)
- Asia Pacific Onshore Wind Power Market Size By Utility (2019 – 2032) (USD Million)
- Asia Pacific Onshore Wind Power Market Size By Residential (2019 – 2032) (USD Million)
- Asia Pacific Onshore Wind Power Market Size By Others (2019 – 2032) (USD Million)
- Rest of World Onshore Wind Power Market Size By Capacity (2019 – 2032) (USD Million)
- Rest of World Onshore Wind Power Market Size By Below 500 KW (2019 – 2032) (USD Million)
- Rest of World Onshore Wind Power Market Size By 500 KW – 2 MW (2019 – 2032) (USD Million)
- Rest of World Onshore Wind Power Market Size By Above 2 MW (2019 – 2032) (USD Million)
- Rest of World Onshore Wind Power Market Size By Others (2019 – 2032) (USD Million)
- Rest of World Onshore Wind Power Market Size By Location (2019 – 2032) (USD Million)
- Rest of World Onshore Wind Power Market Size By High Wind Speed (2019 – 2032) (USD Million)
- Rest of World Onshore Wind Power Market Size By Medium Wind Speed (2019 – 2032) (USD Million)
- Rest of World Onshore Wind Power Market Size By Low Wind Speed (2019 – 2032) (USD Million)
- Rest of World Onshore Wind Power Market Size By Application (2019 – 2032) (USD Million)
- Rest of World Onshore Wind Power Market Size By Utility (2019 – 2032) (USD Million)
- Rest of World Onshore Wind Power Market Size By Residential (2019 – 2032) (USD Million)
- Rest of World Onshore Wind Power Market Size By Others (2019 – 2032) (USD Million)
- Data Triangulation
List Of Figures
- Market Highlights
- Market Highlights By Region
- Global Onshore Wind Power Market Size By Capacity: 2023 VS 2032
- Global Onshore Wind Power Market Size by Location: 2023 VS 2032
- Global Onshore Wind Power Market Size by Application: 2023 VS 2032
- Global Onshore Wind Power Market Size By Capacity (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Below 500 KW (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By 500 KW – 2 MW (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Above 2 MW (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Others (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Location (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By High Wind Speed (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Medium Wind Speed (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Low Wind Speed (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Application (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Utility (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Residential (2019 – 2032) (USD Million)
- Global Onshore Wind Power Market Size By Others (2019 – 2032) (USD Million)
- Market By Region
- North America Onshore Wind Power Market Size (2019 – 2032) (USD Million)
- North America Onshore Wind Power By United States Revenue (USD Million) (2019 – 2032)
- North America Onshore Wind Power By Canada Revenue (USD Million 2019 – 2032)
- Europe Onshore Wind Power Market Size (2019 – 2032) (USD Million)
- Europe Onshore Wind Power By United Kingdom Revenue (USD Million) (2019 – 2032)
- Europe Onshore Wind Power By Germany Revenue (USD Million 2019 – 2032)
- Europe Onshore Wind Power By France Revenue (USD Million 2019 – 2032)
- Europe Onshore Wind Power By Italy Revenue (USD Million 2019 – 2032)
- Europe Onshore Wind Power By Spain Revenue (USD Million 2019 – 2032)
- Europe Onshore Wind Power By Rest Of Europe Revenue (USD Million 2019 – 2032)
- Asia Pacific Onshore Wind Power Market Size (2019 – 2032) (USD Million)
- Asia Pacific Onshore Wind Power By China Revenue (USD Million) (2019 – 2032)
- Asia Pacific Onshore Wind Power By Japan Revenue (USD Million 2019 – 2032)
- Asia Pacific Onshore Wind Power By India Revenue (USD Million 2019 – 2032)
- Asia Pacific Onshore Wind Power By Rest Of APAC Revenue (USD Million 2019 – 2032)
- Rest Of World Onshore Wind Power Market Size (2019 – 2032) (USD Million)
- Rest of World Onshore Wind Power By the Middle East & Africa Revenue (USD Million) (2019 – 2032)
- Rest of World Onshore Wind Power By Latin America Revenue (USD Million 2019 – 2032)
- Rest of World Onshore Wind Power By Rest Of The World Revenue (USD Million 2019 – 2032)
- Key Strategies Adopted By The Leading Players
- Secondary Sources
- Primary Research
- Global Onshore Wind Power Market – Research Methodology
Research Methodology
Primary and Secondary Research
In order to understand the market in detail we conduct primary and secondary research. We collect as much information as we can from the market experts through primary research. We contact the experts from both demand and supply side and conduct interviews to understand the actual market scenario. In secondary research, we study and gather the data from various secondary sources such as company annual reports, press releases, whitepapers, paid databases, journals, and many other online sources. With the help of the primary interviews, we validate the data collected from secondary sources and get a deep understanding on the subject matter. Post this our team uses statistical tools to analyses the data to arrive at a conclusion and draft it in presentable manner.
Market Size Estimations
Understanding and presenting the data collected is a crucial task. Market sizing is a critical part of the data analysis and this task is performed by using Top-down and bottom-up approaches. In this process, we place different data points, market information and industry trends at a suitable space. This placement helps us presume the estimated & forecast values for coming few years. We use several mathematical and statistical models to estimate the market sizes of different countries and segments. Each of this is further added up to outline the total market. These approaches are individually done on regional/country and segment level.
Data Triangulation
As we arrive at the total market sizes, the market is again broken down into segments and subsegments. This process is called as data triangulation and is implementable wherever applicable. This step not only helps us conclude the overall market engineering process, but also gives an assurance on accuracy of the data generated. The data is triangulated based on studying the market trends, various growth factors, and aspects of both demand and supply side.
