Onshore Wind Turbines Market Size, Share, Trends, Growth Outlook

The Global Onshore Wind Turbines Market Size is estimated to register 7.4% growth over the forecast period from 2023 to 2030.

 

 

Onshore Wind Turbines Market Overview

The increasing commitment of businesses to procure renewable energy as part of their sustainability strategies is driving the demand for power purchase agreements (PPAs) from onshore wind projects, stimulating market growth. Larger rotor diameters and taller towers are improving efficiency, allowing turbines to capture more wind energy.  Further, Hybrid systems, combining wind power with energy storage solutions like batteries, are gaining traction. The decreasing cost of wind energy production, coupled with its competitiveness compared to conventional energy sources like coal and natural gas is driving the adoption of onshore wind turbines as a cost-effective energy solution. Countries across Asia, Africa, and Latin America are increasingly investing in onshore wind energy projects.

 

 

Onshore Wind Turbines Market Dynamics

Market Trends- Diversification of Turbine Applications in Onshore Wind Turbines Market

The increasing demand for distributed wind power generation is the primary factor driving the demand. Businesses are recognizing the potential of smaller onshore wind turbines for localized power generation, particularly in remote areas or communities not connected to the main grid. Companies are exploring ways to combine wind power with energy storage solutions, such as batteries, to address intermittent issues and ensure a more consistent energy supply. Further, the exploration of innovative business models, such as community-owned wind projects and corporate renewable procurement agreements, is fostering diversification in turbine applications.

 

Market Driver- Increasing Demand for Renewable Energy in Onshore Wind Turbines Market.

The rising awareness of environmental issues, coupled with alarming reports on climate change impacts is accelerating the demand for cleaner energy sources like onshore wind power. The corporate sector's increasing focus on sustainability is further stimulating the demand for renewable energy, including onshore wind power. Companies are committing to reducing their carbon footprint and achieving renewable energy targets as part of their corporate social responsibility (CSR) initiatives. Furthermore, the reliable and predictable nature of wind resources in many regions enhances the attractiveness of onshore wind power as a stable and consistent energy source.

 

Market Opportunity- Infrastructure development within the Onshore Wind Turbines is raising demand.

Turbines with taller towers and longer blades, resulting in higher energy output and efficiency demand enhanced infrastructure to support larger and more powerful turbines, including robust foundations, upgraded transmission lines, and improved logistics for transportation and installation. Stable regulatory frameworks and predictable revenue streams are attracting investments that are essential for developing the infrastructure required for onshore wind farms. Further, the expansion of industry into new regions, including more remote or challenging terrains and infrastructure development are fueling the demand.

 

Market Share Analysis- Above 3MV capacity turbines will register the fastest growth.

The Global Onshore Wind Turbines are analyzed across Less than 1MW, 1MW to 3MW & Above 3MW turbines. Above 3MV capacity Turbines are poised to register the fastest growth. Larger turbines were gaining popularity because they could harness more wind energy, resulting in a higher capacity factor and better cost-effectiveness. As a result, many new onshore wind projects were opting for larger turbines with capacities exceeding 3MW, driving the growth of this segment within the market. Despite their higher initial capital costs, these turbines exhibit better economies of scale, driving down the overall cost of electricity generated over their operational lifespan. Their ability to generate substantial amounts of clean energy helps in reducing greenhouse gas emissions and reliance on fossil fuels, aligning with global efforts to combat climate change and promote sustainability are the significant factors.

 

Market Share Analysis- Permanent Magnet Synchronous Generator (PMSG) technology held a significant market share in 2023.

The Global Onshore Wind Turbines are analyzed across various technologies including Electrically Excited Synchronous Generator and Permanent Magnet Synchronous Generator. Of these, Permanent Magnet Synchronous Generator (PMSG) technology held a significant market share in 2023. The declining prices of rare-earth materials made PMSGs more economically viable, further boosting their attractiveness for wind turbine applications. The absence of a gearbox in many direct drive PMSG systems also results in fewer mechanical components, potentially reducing maintenance needs and improving reliability. Furthermore, PMSGs are often integrated into direct-drive systems, eliminating the need for a gearbox. Their compactness enables easier transportation, installation, and maintenance, particularly in challenging terrains or remote locations.

 

Onshore Wind Turbines Market Segmentation

By Capacity

• Less than 1MW
• MW to 3MW
• Above 3MW

By Technology

• Electrically Excited Synchronous Generator
• Permanent Magnet Synchronous Generator

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

Onshore Wind Turbines Market Companies

• Siemens Wind Power A/S
• Goldwind Science & Technology Co. Ltd
• Enercon
• Godecke Energy
• ReGen Powertech Pvt. Ltd
• M. Torres Olvega Industrial
• Emergya Wind Technologies B.V
• Northern Power Systems
• Leitwind AG
• Avantis Energy Group
• GE Energy

 

*List not exhaustive

Onshore Wind Turbines Market Outlook 2023

1 Market Overview

1.1 Introduction to the Onshore Wind Turbines Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2023 Onshore Wind Turbines Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global Onshore Wind Turbines Market Companies with Area Served

4.2.2 Products Offerings Global Onshore Wind Turbines Market

 

5 COVID-19 Impact Analysis and Outlook Scenarios

5.1.1 Covid-19 Impact Analysis

5.1.2 post-COVID-19 Scenario- Low Growth Case

5.1.3 post-COVID-19 Scenario- Reference Growth Case

5.1.4 post-COVID-19 Scenario- Low Growth Case

 

6 Global Onshore Wind Turbines Market Trends

6.1 Global Onshore Wind Turbines Revenue (USD Million) and CAGR (%) by Type (2018-2030)

6.2 Global Onshore Wind Turbines Revenue (USD Million) and CAGR (%) by Applications (2018-2030)

6.3 Global Onshore Wind Turbines Revenue (USD Million) and CAGR (%) by regions (2018-2030)

 

7 Global Onshore Wind Turbines Market Revenue (USD Million) by Type, and Applications (2018-2022)

7.1 Global Onshore Wind Turbines Revenue (USD Million) by Type (2018-2022)

7.1.1 Global Onshore Wind Turbines Revenue (USD Million), Market Share (%) by Type (2018-2022)

7.2 Global Onshore Wind Turbines Revenue (USD Million) by Applications (2018-2022)

7.2.1 Global Onshore Wind Turbines Revenue (USD Million), Market Share (%) by Applications (2018-2022)

 

8 Global Onshore Wind Turbines Development Regional Status and Outlook

8.1 Global Onshore Wind Turbines Revenue (USD Million) By Regions (2018-2022)

8.2 North America Onshore Wind Turbines Revenue (USD Million) by Type, and Application (2018-2022)

8.2.1 North America Onshore Wind Turbines Revenue (USD Million) by Country (2018-2022)

8.2.2 North America Onshore Wind Turbines Revenue (USD Million) by Type (2018-2022)

8.2.3 North America Onshore Wind Turbines Revenue (USD Million) by Applications (2018-2022)

8.3 Europe Onshore Wind Turbines Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)

8.3.1 Europe Onshore Wind Turbines Revenue (USD Million), by Country (2018-2022)

8.3.2 Europe Onshore Wind Turbines Revenue (USD Million) by Type (2018-2022)

8.3.3 Europe Onshore Wind Turbines Revenue (USD Million) by Applications (2018-2022)

8.4 Asia Pacific Onshore Wind Turbines Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)

8.4.1 Asia Pacific Onshore Wind Turbines Revenue (USD Million) by Country (2018-2022)

8.4.2 Asia Pacific Onshore Wind Turbines Revenue (USD Million) by Type (2018-2022)

8.4.3 Asia Pacific Onshore Wind Turbines Revenue (USD Million) by Applications (2018-2022)

8.5 South America Onshore Wind Turbines Revenue (USD Million), by Type, and Applications (2018-2022)

8.5.1 South America Onshore Wind Turbines Revenue (USD Million), by Country (2018-2022)

8.5.2 South America Onshore Wind Turbines Revenue (USD Million) by Type (2018-2022)

8.5.3 South America Onshore Wind Turbines Revenue (USD Million) by Applications (2018-2022)

8.6 Middle East and Africa Onshore Wind Turbines Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)

8.6.1 Middle East and Africa Onshore Wind Turbines Revenue (USD Million) by Country (2018-2022)

8.6.2 Middle East and Africa Onshore Wind Turbines Revenue (USD Million) by Type (2018-2022)

8.6.3 Middle East and Africa Onshore Wind Turbines Revenue (USD Million) by Applications (2018-2022)

 

9 Company Profiles

 

10 Global Onshore Wind Turbines Market Revenue (USD Million), by Type, and Applications (2023-2030)

10.1 Global Onshore Wind Turbines Revenue (USD Million) and Market Share (%) by Type (2023-2030)

10.1.1 Global Onshore Wind Turbines Revenue (USD Million), and Market Share (%) by Type (2023-2030)

10.2 Global Onshore Wind Turbines Revenue (USD Million) and Market Share (%) by Applications (2023-2030)

10.2.1 Global Onshore Wind Turbines Revenue (USD Million), and Market Share (%) by Applications (2023-2030)

 

11 Global Onshore Wind Turbines Development Regional Status and Outlook Forecast

11.1 Global Onshore Wind Turbines Revenue (USD Million) By Regions (2023-2030)

11.2 North America Onshore Wind Turbines Revenue (USD Million) by Type, and Applications (2023-2030)

11.2.1 North America Onshore Wind Turbines Revenue (USD) Million by Country (2023-2030)

11.2.2 North America Onshore Wind Turbines Revenue (USD Million), by Type (2023-2030)

11.2.3 North America Onshore Wind Turbines Revenue (USD Million), Market Share (%) by Applications (2023-2030)

11.3 Europe Onshore Wind Turbines Revenue (USD Million), by Type, and Applications (2023-2030)

11.3.1 Europe Onshore Wind Turbines Revenue (USD Million), by Country (2023-2030)

11.3.2 Europe Onshore Wind Turbines Revenue (USD Million), by Type (2023-2030)

11.3.3 Europe Onshore Wind Turbines Revenue (USD Million), by Applications (2023-2030)

11.4 Asia Pacific Onshore Wind Turbines Revenue (USD Million) by Type, and Applications (2023-2030)

11.4.1 Asia Pacific Onshore Wind Turbines Revenue (USD Million), by Country (2023-2030)

11.4.2 Asia Pacific Onshore Wind Turbines Revenue (USD Million), by Type (2023-2030)

11.4.3 Asia Pacific Onshore Wind Turbines Revenue (USD Million), by Applications (2023-2030)

11.5 South America Onshore Wind Turbines Revenue (USD Million), by Type, and Applications (2023-2030)

11.5.1 South America Onshore Wind Turbines Revenue (USD Million), by Country (2023-2030)

11.5.2 South America Onshore Wind Turbines Revenue (USD Million), by Type (2023-2030)

11.5.3 South America Onshore Wind Turbines Revenue (USD Million), by Applications (2023-2030)

11.6 Middle East and Africa Onshore Wind Turbines Revenue (USD Million), by Type, and Applications (2023-2030)

11.6.1 Middle East and Africa Onshore Wind Turbines Revenue (USD Million), by region (2023-2030)

11.6.2 Middle East and Africa Onshore Wind Turbines Revenue (USD Million), by Type (2023-2030)

11.6.3 Middle East and Africa Onshore Wind Turbines Revenue (USD Million), by Applications (2023-2030)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

 

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global Onshore Wind Turbines Market Companies with Areas Served

Table 3 Products Offerings Global Onshore Wind Turbines Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global Onshore Wind Turbines Revenue (USD Million) And CAGR (%) By Type (2018-2030)

Table 8 Global Onshore Wind Turbines Revenue (USD Million) And CAGR (%) By Applications (2018-2030)

Table 9 Global Onshore Wind Turbines Revenue (USD Million) And CAGR (%) By Regions (2018-2030)

Table 10 Global Onshore Wind Turbines Revenue (USD Million) By Type (2018-2022)

Table 11 Global Onshore Wind Turbines Revenue Market Share (%) By Type (2018-2022)

Table 12 Global Onshore Wind Turbines Revenue (USD Million) By Applications (2018-2022)

Table 13 Global Onshore Wind Turbines Revenue Market Share (%) By Applications (2018-2022)

Table 14 Global Onshore Wind Turbines Market Revenue (USD Million) By Regions (2018-2022)

Table 15 Global Onshore Wind Turbines Market Share (%) By Regions (2018-2022)

Table 16 North America Onshore Wind Turbines Revenue (USD Million) By Country (2018-2022)

Table 17 North America Onshore Wind Turbines Revenue (USD Million) By Type (2018-2022)

Table 18 North America Onshore Wind Turbines Revenue (USD Million) By Applications (2018-2022)

Table 19 Europe Onshore Wind Turbines Revenue (USD Million) By Country (2018-2022)

Table 20 Europe Onshore Wind Turbines Revenue (USD Million) By Type (2018-2022)

Table 21 Europe Onshore Wind Turbines Revenue (USD Million) By Applications (2018-2022)

Table 22 Asia Pacific Onshore Wind Turbines Revenue (USD Million) By Country (2018-2022)

Table 23 Asia Pacific Onshore Wind Turbines Revenue (USD Million) By Type (2018-2022)

Table 24 Asia Pacific Onshore Wind Turbines Revenue (USD Million) By Applications (2018-2022)

Table 25 South America Onshore Wind Turbines Revenue (USD Million) By Country (2018-2022)

Table 26 South America Onshore Wind Turbines Revenue (USD Million) By Type (2018-2022)

Table 27 South America Onshore Wind Turbines Revenue (USD Million) By Applications (2018-2022)

Table 28 Middle East and Africa Onshore Wind Turbines Revenue (USD Million) By Region (2018-2022)

Table 29 Middle East and Africa Onshore Wind Turbines Revenue (USD Million) By Type (2018-2022)

Table 30 Middle East and Africa Onshore Wind Turbines Revenue (USD Million) By Applications (2018-2022)

Table 31 Financial Analysis

Table 32 Global Onshore Wind Turbines Revenue (USD Million) By Type (2023-2030)

Table 33 Global Onshore Wind Turbines Revenue Market Share (%) By Type (2023-2030)

Table 34 Global Onshore Wind Turbines Revenue (USD Million) By Applications (2023-2030)

Table 35 Global Onshore Wind Turbines Revenue Market Share (%) By Applications (2023-2030)

Table 36 Global Onshore Wind Turbines Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)

Table 37 North America Onshore Wind Turbines Revenue (USD)By Country (2023-2030)

Table 38 North America Onshore Wind Turbines Revenue (USD Million) By Type (2023-2030)

Table 39 North America Onshore Wind Turbines Revenue (USD Million) By Applications (2023-2030)

Table 40 Europe Onshore Wind Turbines Revenue (USD Million) By Country (2023-2030)

Table 41 Europe Onshore Wind Turbines Revenue (USD Million) By Type (2023-2030)

Table 42 Europe Onshore Wind Turbines Revenue (USD Million) By Applications (2023-2030)

Table 43 Asia Pacific Onshore Wind Turbines Revenue (USD Million) By Country (2023-2030)

Table 44 Asia Pacific Onshore Wind Turbines Revenue (USD Million) By Type (2023-2030)

Table 45 Asia Pacific Onshore Wind Turbines Revenue (USD Million) By Applications (2023-2030)

Table 46 South America Onshore Wind Turbines Revenue (USD Million) By Country (2023-2030)

Table 47 South America Onshore Wind Turbines Revenue (USD Million) By Type (2023-2030)

Table 48 South America Onshore Wind Turbines Revenue (USD Million) By Applications (2023-2030)

Table 49 Middle East and Africa Onshore Wind Turbines Revenue (USD Million) By Region (2023-2030)

Table 50 Middle East and Africa Onshore Wind Turbines Revenue (USD Million) By Region (2023-2030)

Table 51 Middle East and Africa Onshore Wind Turbines Revenue (USD Million) By Type (2023-2030)

Table 52 Middle East and Africa Onshore Wind Turbines Revenue (USD Million) By Applications (2023-2030)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global Onshore Wind Turbines Revenue (USD Million) By Type (2018-2022)

Figure 4 Global Onshore Wind Turbines Revenue Market Share (%) By Type (2022)

Figure 5 Global Onshore Wind Turbines Revenue (USD Million) By Applications (2018-2022)

Figure 6 Global Onshore Wind Turbines Revenue Market Share (%) By Applications (2022)

Figure 7 Global Onshore Wind Turbines Market Revenue (USD Million) By Regions (2018-2022)

Figure 8 Global Onshore Wind Turbines Market Share (%) By Regions (2022)

Figure 9 North America Onshore Wind Turbines Revenue (USD Million) By Country (2018-2022)

Figure 10 North America Onshore Wind Turbines Revenue (USD Million) By Type (2018-2022)

Figure 11 North America Onshore Wind Turbines Revenue (USD Million) By Applications (2018-2022)

Figure 12 Europe Onshore Wind Turbines Revenue (USD Million) By Country (2018-2022)

Figure 13 Europe Onshore Wind Turbines Revenue (USD Million) By Type (2018-2022)

Figure 14 Europe Onshore Wind Turbines Revenue (USD Million) By Applications (2018-2022)

Figure 15 Asia Pacific Onshore Wind Turbines Revenue (USD Million) By Country (2018-2022)

Figure 16 Asia Pacific Onshore Wind Turbines Revenue (USD Million) By Type (2018-2022)

Figure 17 Asia Pacific Onshore Wind Turbines Revenue (USD Million) By Applications (2018-2022)

Figure 18 South America Onshore Wind Turbines Revenue (USD Million) By Country (2018-2022)

Figure 19 South America Onshore Wind Turbines Revenue (USD Million) By Type (2018-2022)

Figure 20 South America Onshore Wind Turbines Revenue (USD Million) By Applications (2018-2022)

Figure 21 Middle East and Africa Onshore Wind Turbines Revenue (USD Million) By Region (2018-2022)

Figure 22 Middle East and Africa Onshore Wind Turbines Revenue (USD Million) By Type (2018-2022)

Figure 23 Middle East and Africa Onshore Wind Turbines Revenue (USD Million) By Applications (2018-2022)

Figure 24 Global Onshore Wind Turbines Revenue (USD Million) By Type (2023-2030)

Figure 25 Global Onshore Wind Turbines Revenue Market Share (%) By Type (2030)

Figure 26 Global Onshore Wind Turbines Revenue (USD Million) By Applications (2023-2030)

Figure 27 Global Onshore Wind Turbines Revenue Market Share (%) By Applications (2030)

Figure 28 Global Onshore Wind Turbines Market Revenue (USD Million) By Regions (2023-2030)

Figure 29 North America Onshore Wind Turbines Revenue (USD Million) By Country (2023-2030)

Figure 30 North America Onshore Wind Turbines Revenue (USD Million) By Type (2023-2030)

Figure 31 North America Onshore Wind Turbines Revenue (USD Million) By Applications (2023-2030)

Figure 32 Europe Onshore Wind Turbines Revenue (USD Million) By Country (2023-2030)

Figure 33 Europe Onshore Wind Turbines Revenue (USD Million) By Type (2023-2030)

Figure 34 Europe Onshore Wind Turbines Revenue (USD Million) By Applications (2023-2030)

Figure 35 Asia Pacific Onshore Wind Turbines Revenue (USD Million) By Country (2023-2030)

Figure 36 Asia Pacific Onshore Wind Turbines Revenue (USD Million) By Type (2023-2030)

Figure 37 Asia Pacific Onshore Wind Turbines Revenue (USD Million) By Applications (2023-2030)

Figure 38 South America Onshore Wind Turbines Revenue (USD Million) By Country (2023-2030)

Figure 39 South America Onshore Wind Turbines Revenue (USD Million) By Type (2023-2030)

Figure 40 South America Onshore Wind Turbines Revenue (USD Million) By Applications (2023-2030)

Figure 41 Middle East and Africa Onshore Wind Turbines Revenue (USD Million) By Region (2023-2030)

Figure 42 Middle East and Africa Onshore Wind Turbines Revenue (USD Million) By Region (2023-2030)

Figure 43 Middle East and Africa Onshore Wind Turbines Revenue (USD Million) By Type (2023-2030)

Figure 44 Middle East and Africa Onshore Wind Turbines Revenue (USD Million) By Applications (2023-2030)

Figure 45 Bottom-Up and Top-Down Approaches for This Report

Figure 46 Data Triangulation

 

By Capacity

• Less than 1MW
• MW to 3MW
• Above 3MW

By Technology

• Electrically Excited Synchronous Generator
• Permanent Magnet Synchronous Generator

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)