As the world faces rising climate enterprises, unpredictable energy prices, and adding demand for clean druthers, the Wind Energy Market stands at the van of global metamorphosis. The shift from fossil energies to sustainable energy sources has moved from a niche action to a mainstream profitable and policy precedence.

In this blog, we explore crucial trends, request dynamics, competitive geography, and protrusions shaping the Wind Energy sector in 2025 and further.

Market Overview

As per MRFR analysis, the Wind Energy Market Size was estimated at 150.87 (USD Billion) in 2023. The Wind Energy Market Industry is expected to grow from 159.76 (USD Billion) in 2024 to 300 (USD Billion) by 2035. The Wind Energy Market CAGR (growth rate) is expected to be around 5.89% during the forecast period (2025- 2035).

Wind Energy Market Segmentation Insights

Wind Energy Market Type of Wind Turbine Outlook

Horizontal Axis Wind Turbine

Vertical Axis Wind Turbine

Offshore Wind Turbine

Onshore Wind Turbine

Wind Energy Market Application Outlook

Power Generation

Mechanical Power

Hybrid Systems

Wind Energy Market Component Outlook

Rotor Blades

Gearbox

Generator

Control System

Tower

Wind Energy Market End Use Outlook

Utility

Commercial

Industrial

Residential

Wind Energy Market Regional Outlook

North America

Europe

South America

Asia Pacific

Middle East and Africa

Key Trends Driving the Market

1. Grid Modernization & Decentralization

Smart grids, microgrids, and distributed energy resources (DERs) are enabling greater integration of renewables while improving grid reliability and efficiency.

2. Corporate Clean Energy Procurement

Large companies like Google, Amazon, and Apple are entering long-term Power Purchase Agreements (PPAs), directly boosting renewable capacity.

3. Storage Integration

Energy storage (particularly lithium-ion batteries) is becoming critical to balance intermittent supply from wind and solar. The global storage market is expected to reach 300 billion by 2035.

4. Falling Costs

The cost of solar PV and wind has dropped by over 80% in the last decade. This continues to make renewables more competitive than fossil fuels in many regions.

5. Green Hydrogen Emergence

Green hydrogen, produced from renewables via electrolysis, is gaining traction as a decarbonization solution for hard-to-electrify sectors like shipping, aviation, and heavy industry.

Key Companies in the Wind Energy Market Include:

Senvion

Suzlon

Nordex

NextEra Energy

Ming Yang

Iberdrola

Siemens Gamesa

Enercon

EDPR

Vestas

Orsted

GE Renewable Energy

Enel Green Power

Acciona Energy

Goldwind

Challenges Ahead

While the growth prospects are strong, the market still faces:

• Grid bottlenecks
• Land-use constraints
• Permitting delays
• Supply chain vulnerabilities
• Intermittency and reliability concerns

Solving these will require collaboration between governments, industry players, and investors.

Future Outlook

The Wind Energy sector is no longer a "future potential" -it's a present reality with accelerating momentum. By 2035, renewables are expected to account for over 80% of global electricity generation, transforming not just how we produce energy but how we live, work, and build economies.