Onshore Wind Energy Market Report 2025 (Global Edition)

Global Onshore Wind Energy Market Report 2025 Market Size Split by End-use (Utilities, Commercial & Industrial, Hybrid Power), by Application (Peak Power Management, Power Storage, Demand Response, Fr...

Onshore Wind Energy Market Report Description

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Impact of Trumph Tariff on Energy and Power Industry

In 2025, global trade entered a turbulent phase as the U.S., under President Donald Trump, introduced aggressive "Liberation Day Tariffs" to address trade imbalances. These tariffs, ranging from 10% to 46%, heavily impacted the energy and power sector, which relies on global supply chains for critical components like rare earth metals, solar panels, wind turbines, and lithium. The U.S.–China trade war escalated, with reciprocal tariffs and China's trade surplus with the U.S. reaching USD 102.6 billion. Retaliatory tariffs from the EU and Canada further disrupted energy supply chains, raising material costs and causing delays in key projects.

The U.S. imposed a 20% tariff on rare earths, impacting EVs and clean tech; 25% on solar panels, increasing installation costs; 15–25% on wind turbine parts, affecting project timelines; and 10–15% on oil and gas equipment, pushing producers to rethink supply networks. Sub-sectors like renewables, EVs, oil & gas, and power generation are all experiencing rising costs, supply bottlenecks, and delayed investments. For instance, solar and wind projects now face 10–30% higher costs, and EV producers are struggling with battery input inflation.

China remains central to the U.S. energy supply chain, with even indirect imports via countries like Vietnam and Malaysia tightly linked to Chinese inputs. As a result, U.S. energy firms are exploring alternative sourcing from Southeast Asia, Latin America, and domestic production to reduce exposure. However, switching suppliers requires significant investment, coordination, and time.

In this volatile environment, market research is critical. It helps energy firms map supplier risks, track price trends, and explore alternative sourcing. It enables supply chain optimization through AI and predictive analytics, while regulatory tracking and scenario planning allow companies to anticipate future disruptions. Energy firms like NextEra and First Solar are responding by diversifying suppliers, investing in local production, and leveraging digital tools to improve procurement and adapt to tariff-driven challenges. Those using data-driven strategies and flexible operations are best positioned to thrive amid rising trade tensions.

Onshore Wind Energy Market Insights Video

Competitive Landscape of the Onshore Wind Energy Market

The onshore wind energy market features a competitive landscape dominated by major players such as Vestas, Siemens Gamesa, and GE Renewable Energy, who lead in technology and market share. Companies compete through innovation in turbine design, efficiency improvements, and cost reduction. Regional players like Suzlon and Goldwind also influence market dynamics, focusing on localized solutions and expanding their global presence. Strategic partnerships, mergers, and acquisitions further intensify competition, driving advancements and market growth.

In May 2023, UK-based Octopus Energy announced plans to invest USD 1.8 billion in renewable energy projects, including wind energy initiatives across the Asia-Pacific region. By 2027, the company intends to invest in various clean energy projects, such as wind and solar power. (Source: https://octopus.energy/press/octopus-energy-reaches-tentacles-further-into-asia-with-15-billion-investment-in-renewables-and-energy-tech/) In December 2023, Apraava Energy secured a 1200 MW auction capacity project under the Inter-State Transmission System (ISTS) managed by the Solar Energy Corporation of India (SECI). As part of this, the company will build a 300 MW wind farm in Karnataka, India. The project follows a 25-year Power Purchase Agreement (PPA) at a competitive rate of INR 3.24 per kWh. (Source: https://apraava.com/newsroom/apraava-energy-expands-its-re-portfolio) In April 2024, The Wind Energy Technologies Office (WETO) of the U.S. Department of Energy has committed USD 48 million towards offshore wind initiatives, with a focus on advancing research and development for offshore wind platforms. Such projects are anticipated to drive the global expansion of wind energy generation from 2024 to 2029. (Source: https://www.energy.gov/eere/wind/wind-energy-technologies-office)

Top Companies Market Share in Onshore Wind Energy Industry: (In no particular order of Rank)

• Vestas Wind Systems A/S
• Siemens Gamesa Renewable Energy
• GE Renewable Energy
• Nordex SE
• Suzlon Energy Limited
• Goldwind
• Envision Energy
• Senvion
• Siemens Energy
• Mingyang Smart Energy
• Enercon
• Acciona Energy
• Iberdrola
• EDP Renewables
• Vinci Energies
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Onshore Wind Energy Market

Which Region Dominates the Onshore Wind Energy Market in 2024?

According to Cognitive Market Research, North America currently dominates the Onshore Wind Energy market, and the region is expected to have significant growth during the projected period. This is due to the region's favorable government policies, substantial tax incentives, and a strong focus on renewable energy targets. The region benefits from significant wind resources and advanced infrastructure. Technological innovations have reduced costs and improved efficiency, while robust investment from both private and public sectors supports large-scale wind projects. Additionally, the commitment to reducing greenhouse gas emissions and enhancing energy security further drives growth in the region.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is growing at the fastest CAGR in the onshore wind energy market due to rapid industrialization, increasing energy demand, and supportive government policies promoting renewable energy. Countries like China and India are investing heavily in wind energy infrastructure, driven by large wind resources and ambitious climate goals. Technological advancements and falling costs of wind turbines also contribute to this growth, making wind energy a viable and attractive option for the region's expanding energy needs.

The current report Scope analyzes Onshore Wind Energy Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Onshore Wind Energy Market Analysis

According to Cognitive Market Research, the global Onshore Wind Energy market size was estimated at USD 52654.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 21061.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Onshore Wind Energy market with a market size of USD 16617.67 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. The U.S. market's favorable government policies, such as tax incentives and renewable energy mandates, which boost investments is driving the Onshore Wind Energy market.
• The Canada Onshore Wind Energy market had a market share of USD 2527.40 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Canada’s growing environmental awareness is driving the Onshore Wind Energy market.
• The Mexico Onshore Wind Energy market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 1916.61 million in 2024.

Europe Onshore Wind Energy Market Analysis

According to Cognitive Market Research, the global Onshore Wind Energy market size was estimated at USD 52654.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 15796.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• The United Kingdom Onshore Wind Energy market had a market share of USD 2653.77 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. In the UK, Onshore Wind Energy sales witness an upswing due to strong regulatory support and ambitious renewable energy targets set by the European Union.
• The France Onshore Wind Energy market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 1453.26 million in 2024.
• According to Cognitive Market Research, the German Onshore Wind Energy market size was valued at USD 3127.66 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. In Germany, Onshore Wind Energy surged due to presence of major market players.
• The Italy Onshore Wind Energy market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 1358.48 million in 2024.
• The Russia Onshore Wind Energy market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 2448.42 million in 2024.
• The Spain Onshore Wind Energy market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD 1295.29 million in 2024
• The Luxembourg Onshore Wind Energy market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 489.68 million in 2024.
• The Portugal Onshore Wind Energy market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 331.72 million in 2024.
• The Greece Onshore Wind Energy market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 189.56 million in 2024.
• The Rest of Europe's Onshore Wind Energy market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 2448.42 million in 2024.

Asia Pacific Onshore Wind Energy Market Analysis

According to Cognitive Market Research, the global Onshore Wind Energy market size was estimated at USD 52654.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 12110.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Onshore Wind Energy market size was valued at USD 5449.71 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Onshore Wind Energy surged in China due to rapid industrialization and increasing energy demand, coupled with supportive government policies and targets for renewable energy adoption.
• The Japan Onshore Wind Energy market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 1671.24 million in 2024.
• The India Onshore Wind Energy market had a market share of USD 1453.26 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. India's rising environmental awareness is driving the Onshore Wind Energy market .
• The South Korean Onshore Wind Energy market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 1211.05 million in 2024.
• The Australian Onshore Wind Energy market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 629.74 million in 2024.
• The South East Asia Onshore Wind Energy market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 835.62 million in 2024.
• The Rest of Asia Pacific Onshore Wind Energy market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 859.84 million in 2024.

South America Onshore Wind Energy Market Analysis

According to Cognitive Market Research, the global Onshore Wind Energy market size was estimated at USD 52654.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 2632.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Onshore Wind Energy market size was valued at USD 1126.80 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Onshore Wind Energy flourished in Brazil due to favorable wind conditions and a growing focus on renewable energy sources to meet rising electricity demand.
• Argentina's Onshore Wind Energy market had a market share of USD 442.30 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Argentina's commitment to reducing greenhouse gas emissions is driving the Onshore Wind Energy market.
• Colombia Onshore Wind Energy market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 234.31 million in 2024.
• Peru Onshore Wind Energy market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 215.88 million in 2024.
• Chile Onshore Wind Energy market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 189.56 million in 2024.
• The Rest of Latin America's Onshore Wind Energy market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 423.87 million in 2024.

Middle East Onshore Wind Energy Market Analysis

According to Cognitive Market Research, the global Onshore Wind Energy market size was estimated at USD 52654.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1053.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031..

• The GCC Countries Onshore Wind Energy market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 450.72 million in 2024. Onshore Wind Energy sales flourish due to the presence of major market players.
• The Egypt Onshore Wind Energy market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 110.57 million in 2024.
• The South Africa Onshore Wind Energy market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 166.39 million in 2024. Onshore Wind Energy sales flourished in South Africa due to increasing energy demand and a shift towards sustainable energy sources.
• The Turkey Onshore Wind Energy market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 90.57 million in 2024.
• The Nigeria Onshore Wind Energy market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 110.57 million in 2024.
• The Rest of the MEA Onshore Wind Energy market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 124.26 million in 2024.

Onshore Wind Energy Market Analysis

Onshore Wind Energy Market End-use Segment Analysis

According to Cognitive Market Research, Utilities are likely to dominate the Onshore Wind Energy Market over the forecast period. The Utilities end-use segment captured the largest market share in the onshore wind energy market due to the sector's significant role in energy generation and distribution. Utilities are major adopters of wind energy to meet renewable energy targets, ensure grid stability, and diversify energy sources. Large-scale wind farms are often developed by utility companies to supply electricity to a broad customer base, benefiting from economies of scale and long-term energy contracts. This widespread adoption drives the segment's dominance.

The Commercial & Industrial end-use segment is growing at the highest CAGR in the onshore wind energy market due to increasing corporate sustainability goals and cost-saving measures. Businesses are investing in onshore wind energy to reduce operational costs and meet renewable energy targets. Additionally, technological advancements and declining wind energy costs make it economically viable for commercial and industrial entities to deploy their own wind turbines. This trend is driven by both environmental concerns and economic incentives.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Onshore Wind Energy Industry. Request a Free Sample PDF!

Onshore Wind Energy Market Application Segment Analysis

According to Cognitive Market Research, the Peak Power Management segment holds the largest share of the market. The Peak Power Management application captured the largest market share in the onshore wind energy market because it efficiently addresses high electricity demand periods by storing and releasing wind-generated power. This application helps stabilize the grid and ensures a consistent power supply during peak times. By optimizing the use of wind energy, it reduces reliance on fossil fuels and enhances energy reliability. The growing need for grid stability and efficient energy management drives its dominant market position.

The Power Storage application is growing at the highest CAGR in the onshore wind energy market due to its critical role in enhancing grid stability and maximizing the utility of intermittent wind energy. By storing excess power generated during high wind periods and releasing it during low wind periods, power storage solutions address supply-demand imbalances and improve the reliability of wind energy. Advances in battery technology and decreasing storage costs further drive rapid growth in this application.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Onshore Wind Energy Power Capacity Segment Analysis

Onshore Wind Energy Market Power Capacity Segment Analysis

According to Cognitive Market Research, The Less Than 500 KW segment holds the largest market share. The Less Than 500 kW power capacity segment captured the largest market share in the onshore wind energy market due to its suitability for small-scale and distributed energy projects. These smaller turbines are ideal for residential, agricultural, and small commercial applications, offering cost-effective solutions for local energy needs. They require less capital investment compared to large-scale turbines and are easier to install and maintain. This versatility and lower entry cost contribute to their dominant market share.

The 500 kW to 2 MW power capacity segment is growing at the highest CAGR in the onshore wind energy market due to its balance of size, efficiency, and cost-effectiveness. Turbines in this range are well-suited for medium-sized commercial and industrial applications, offering higher energy output while remaining economically viable. Advances in technology have improved the performance and reliability of these turbines, making them increasingly attractive for both new installations and repowering projects. This drives rapid growth in this segment.

• Less Than 500 KW
• 500 KW To 2 MW
• More Than 2 MW

Onshore Wind Energy Wind Capacity Segment Analysis

Onshore Wind Energy Market Wind Capacity Segment Analysis

According to Cognitive Market Research, the High Wind Speed segment dominates the market. High wind speed wind capacity captured the largest market share in the onshore wind energy market due to its superior energy generation potential. Turbines in high wind speed areas can produce more electricity efficiently, making them highly attractive for large-scale projects. These locations offer better returns on investment and maximize the performance of wind turbines. Additionally, high wind speed sites often benefit from reduced operational costs and higher capacity factors, contributing to their dominant market share.

The Medium Wind Speed Wind Capacity segment is growing at the highest CAGR in the onshore wind energy market due to its cost-effective balance between energy output and turbine performance. Medium wind speed areas offer a practical and economically viable option for wind energy projects, especially in regions where high wind speeds are not available. Advances in turbine technology have enhanced performance in these conditions, making medium wind speed sites increasingly attractive for new developments and expansions.

• High Wind Speed
• Medium Wind Speed
• Low Wind Speed

Onshore Wind Energy Grid Connectivity Segment Analysis

Onshore Wind Energy Market Grid Connectivity Segment Analysis

According to Cognitive Market Research, the Off-Grid segment dominates the market. Off-Grid Grid Connectivity captured the largest market share in the onshore wind energy market due to its ability to provide renewable energy to remote or isolated areas not connected to the main grid. This solution is ideal for rural or developing regions where extending grid infrastructure is impractical or costly. Off-grid systems offer energy independence and reliability, enabling local power generation and reducing reliance on diesel generators or other non-renewable sources. This drives its significant market share.

On-Grid Grid Connectivity is growing at the highest CAGR in the onshore wind energy market due to its integration with existing power grids, enabling the efficient distribution of wind-generated electricity to a broad consumer base. This connectivity allows for large-scale wind farms to contribute to the main grid, benefiting from economies of scale and stable revenue through power purchase agreements. Enhanced grid infrastructure and smart grid technologies further support this segment’s rapid growth.

• Off-Grid
• On-Grid

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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