Wind Power Market Report 2025 (Global Edition)

Global Wind Power Market Report 2025 Market Size Split by Application Outlook: (Residential, Commercial, Industrial), by Installation Outlook: (Onshore, Offshore), by Capacity Outlook: (<100 KW, 100 K...

Wind Power 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.

Competitive Landscape of the Wind Power Market

In the Wind Power market's competitive landscape, numerous key competitors are driving innovation and growth. Market rivalry is encouraging technological and design innovations to create Wind Powers that fulfil both consumer's wants and sustainability goals, keeping the market dynamic and competitive.

In October 2024, Envision Energy introduced a new 5MW onshore wind turbine with a rotor diameter of 182 meters that is specifically designed for the Indian market. Compared to the previous EN 156/3.3MW model, this innovative platform considerably increases annual energy output by over 40%. Additionally, it includes improved smoke and fire detection systems. Envision's dedication to enhancing the safety and energy efficiency of its customers is emphasized by the launch. (Source: https://economictimes.indiatimes.com/industry/renewables/chinas-envision-launches-5mw-onshore-wind-turbine-for-india/articleshow/113914687.cms?from=mdr) In October 2024, Tata Power disclosed its intention to invest in wind turbines exceeding 3 gigawatts (GW) in order to facilitate its wind-solar hybrid renewable energy projects throughout India within the next three to five years. The objective of this initiative is to increase the company's renewable energy capacity, which could result in contracts valued at more than ?21,000 crore and a prospective increase in total capacity to nearly 5 GW. Major manufacturers, including Siemens Gamesa, Senvion India, Envision Energy, and Suzlon Energy, are involved in the competition for the contract. (Source: https://economictimes.indiatimes.com/industry/renewables/tata-powers-up-wind-energy-market-with-mega-order-seeks-bids-for-supply-of-turbines-with-capacity-of-3-gw/articleshow/114057621.cms?from=mdr) In December 2022, ENERCON GmbH engaged in an agreement with WPI Repowering GmbH to supply its E-138 EP3 E2 WEGs. The company will provide 14 wind turbines, each of which has a rotor diameter of 138 meters, a nominal power rating of 4.2 MW, and a hub height of 131 meters, in accordance with the agreement. The company will be able to maintain a solid position in the industry and make a positive contribution to the development of wind energy through the deployment of its products. (Source: https://www.enercon.de/en/news/liefervertrag-fur-repowering-des-windparks-ihlow-unterzeichnet?9b1de9ee_page=2)

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

• GE Wind
• Vestas Siemens Wind Power
• Suzlon Group Goldwind
• United Power
• Acciona Nordex SE
• Sinovel Wind Group
• EDF Renewable Energy
• ReGen Powertech
• Vensys Energy
• ABB Limited
• NextEra Energy Inc.
• Northland Power Inc.
• DONG Energy.
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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 Wind Power Market

Which Region Dominates the Wind Power Market in 2024?

According to Cognitive Market Research, North America currently dominates the Wind Powers market, and the region is expected to have significant growth during the anticipated period. The region's strong legislative environment encourages onshore and offshore wind project investment with tax incentives and renewable energy objectives. Wind power is increasingly a viable alternative to traditional energy sources due to technological advances, including bigger and more efficient turbines.

Which Region is growing at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the anticipated period, with the greatest compound annual growth rate (CAGR). Asia-Pacific market development is driven by strong economic expansion, rising energy consumption, and favourable government regulations for renewable energy.

The current report Scope analyzes Wind Power 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 Wind Power Market Analysis

According to Cognitive Market Research, the global Wind Power market size was estimated at USD 98541.5 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 39416.60 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 Wind Power market with a market size of USD 31099.70 million in 2024 and is anticipated to grow at a CAGR of 3.2% during the projected period. The U.S. market's Technological advancements, government incentives and tax subsidies, and an increasing demand for renewable energy.
• The Canada Wind Power market had a market share of USD 4729.99 million in 2024 and is anticipated to grow at a CAGR of 4.2% during the projected period. Canada’s rising Government policies are supportive.
• The Mexico Wind Power market is anticipated to see growth at a CAGR of 3.9% during the projected period, with a market size of USD 3586.91 million in 2024.

Europe Wind Power Market Analysis

According to Cognitive Market Research, the global Wind Power market size was estimated at USD 98541.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 29562.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• The United Kingdom Wind Power market had a market share of USD 4966.49 million in 2024 and is anticipated to grow at a CAGR of 4.5% during the projected period. Strong government commitments to offshore wind projects and renewable energy targets in the United Kingdom.
• The France Wind Power market is anticipated to see growth at a CAGR of 2.9% during the projected period, with a market size of USD 2719.75 million in 2024.
• According to Cognitive Market Research, the German Wind Power market size was valued at USD 5853.37 million in 2024 and is anticipated to grow at a CAGR of 3.9% during the projected period. In Germany, there are substantial investments in wind power infrastructure, supportive regulatory frameworks, and high renewable energy targets.
• The Italy Wind Power market is anticipated to see growth at a CAGR of 3.1% during the projected period, with a market size of USD 2542.37 million in 2024.
• The Russia Wind Power market is anticipated to see growth at a CAGR of 2.7% during the projected period, with a market size of USD 4582.18 million in 2024.
• The Spain Wind Power market is anticipated to see growth at a CAGR of 2.8% during the projected period with a market size of USD 2424.12 million in 2024
• The Luxembourg Wind Power market is anticipated to see growth at a CAGR of 3.8% during the projected period, with a market size of USD 916.44 million in 2024.
• The Portugal Wind Power market is anticipated to see growth at a CAGR of 3.5% during the projected period, with a market size of USD 620.81 million in 2024.
• The Greece Wind Power market is anticipated to see growth at a CAGR of 4.0% during the projected period, with a market size of USD 354.75 million in 2024.
• The Rest of Europe's Wind Power market is anticipated to see growth at a CAGR of 2.4% during the projected period, with a market size of USD 4582.18 million in 2024.

Asia Pacific Wind Power Market Analysis

According to Cognitive Market Research, the global Wind Power market size was estimated at USD 98541.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 22664.55 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 Wind Power market size was valued at USD 10199.05 million in 2024 and is anticipated to grow at a CAGR of 6.7% during the projected period. Large-scale wind power projects, government support for renewable energy, and rapid industrialisation are all taking place in China.
• The Japan Wind Power market is anticipated to see growth at a CAGR of 5.7% during the projected period, with a market size of USD 3127.71 million in 2024.
• The India Wind Power market had a market share of USD 2719.75 million in 2024 and is anticipated to grow at a CAGR of 9.0% during the projected period. Increasing energy demand, government efforts for renewable energy, and favorable legislation for wind power development in India.
• The South Korean Wind Power market is anticipated to see growth at a CAGR of 6.3% during the projected period, with a market size of USD 2266.45 million in 2024.
• The Australian Wind Power market is anticipated to see growth at a CAGR of 6.9% during the projected period, with a market size of USD 1178.56 million in 2024.
• The South East Asia Wind Power market is anticipated to see growth at a CAGR of 8.2% during the projected period, with a market size of USD 1563.85 million in 2024.
• The Rest of Asia Pacific Wind Power market is anticipated to see growth at a CAGR of 7.0% during the projected period, with a market size of USD 1609.18 million in 2024.

South America Wind Power Market Analysis

According to Cognitive Market Research, the global Wind Power market size was estimated at USD 98541.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 4927.08 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 Wind Power market size was valued at USD 2108.79 million in 2024 and is anticipated to grow at a CAGR of 5.2% during the projected period. In Brazil, there is an abundance of wind resources and favourable government regulations.
• Argentina's Wind Power market had a market share of USD 827.75 million in 2024 and is anticipated to grow at a CAGR of 5.5% during the projected period. Argentina's increase in energy demand and the Renewable Energy Law.
• Colombia Wind Power market is anticipated to see growth at a CAGR of 4.4% during the projected period, with a market size of USD 438.51 million in 2024.
• Peru Wind Power market is anticipated to see growth at a CAGR of 4.8% during the projected period, with a market size of USD 404.02 million in 2024.
• Chile Wind Power market is anticipated to see growth at a CAGR of 4.9% during the projected period, with a market size of USD 354.75 million in 2024.
• The Rest of Latin America's Wind Power market is anticipated to see growth at a CAGR of 3.7% during the projected period, with a market size of USD 793.26 million in 2024.

Middle East Wind Power Market Analysis

According to Cognitive Market Research, the global Wind Power market size was estimated at USD 98541.5 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 1970.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031..

• The GCC Countries Wind Power market is anticipated to see growth at a CAGR of 5.7% during the projected period, with a market size of USD 843.52 million in 2024. The Gulf Cooperation Council exhibits favourable policies and declining technology expenses.
• The Egypt Wind Power market is anticipated to see growth at a CAGR of 5.2% during the projected period, with a market size of USD 206.94 million in 2024.
• The South Africa Wind Power market is anticipated to see growth at a CAGR of 5.9% during the projected period, with a market size of USD 311.39 million in 2024. Growing energy demand and government incentives in South Africa.
• The Turkey Wind Power market is anticipated to see growth at a CAGR of 4.4% during the projected period, with a market size of USD 169.49 million in 2024.
• The Nigeria Wind Power market is anticipated to see growth at a CAGR of 4.0% during the projected period, with a market size of USD 206.94 million in 2024.
• The Rest of the MEA Wind Power market is anticipated to see growth at a CAGR of 3.9% during the projected period, with a market size of USD 232.56 million in 2024.

Wind Power Market Analysis

How are Segments Performing in the Global Wind Power Market?

Wind Power Market Application Segment Analysis

According to Cognitive Market Research, the Residential category is likely to dominate the Wind Power Market over the projected period. The primary reason for this is the growing adoption of small-scale wind turbines for residential use, which is motivated by the desire for environmentally friendly and independent energy sources. Homeowners are deploying these turbines to reduce their electricity expenditures and to engage in environmental conservation.

The Industrial category is the fastest-growing segment in the Wind Power Market. The increasing need for renewable energy solutions on a large scale is the reason for this. The efficiency and cost-effectiveness of these initiatives are enhanced by advancements in technology, economies of scale, and supportive government policies.

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 Wind Power Industry. Request a Free Sample PDF!

Wind Power Market Installation Segment Analysis

According to Cognitive Market Research, the Onshore sector holds the highest share of the market. Onshore wind farms are more prevalent and established, and they have lower installation and maintenance costs than offshore wind farms. Additionally, they are simpler to construct and integrate into the current power infrastructure, rendering them the preferred option in numerous regions.

In the Wind Power Market, the Offshore sector has been rising at a rapid pace. The growth of offshore wind farms is attributed to their capacity to capture stronger and more consistent winds, which results in increased energy generation efficacy. Supportive government policies and technological advancements are further fostering the rapid expansion of offshore wind projects.

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

Wind Power Capacity Outlook: Segment Analysis

Wind Power Market Capacity Segment Analysis

According to Cognitive Market Research, the > 3 MW segment holds the largest market share. Due to their cost-effectiveness and high efficiency, wind turbines within this capacity range are frequently implemented. They are capable of producing significant quantities of electricity, rendering them suitable for utility initiatives and large-scale wind farms.

In the Wind Power market, the rapidly growing sector is the 100 KW to 500 KW category. The flexibility and suitability of this segment for small-scale applications, including residential and commercial initiatives, are its primary appeal. The category is experiencing accelerated growth due to favourable government policies and lower installation and maintenance costs.

• <100 KW
• 100 KW to 500 KW
• 500 KW to 1 MW
• 1MW to 3 MW
• > 3 MW

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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