Global Onshore Wind Energy Market

Global Onshore Wind Energy Market Size, Share, Trends, Growth, Industry Analysis, By Segmentations By Types(Less Than 500 KW, 500 KW To 2 MW, More Than 2 MW), By Applications(Utility, Non-utility), Key Players, Revenue, Future Outlook & Forecast

Date: 4/24/2024 Page 289

Report Scope & Overview:

The global Onshore Wind Energy Market size accounted for USD 52.2 Billion in 2023 and to reach at USD 79.98 Billion in 2033, growing at a CAGR of 4.4% from 2024 to 2033.

Executive Summary

The Onshore Wind Energy Market is poised for significant growth driven by the increasing global demand for renewable energy, advancements in wind turbine technology, and supportive government policies. Onshore wind energy, which involves the harnessing of wind power from turbines located on land, has become one of the most cost-effective and sustainable energy sources. This comprehensive report provides an in-depth analysis of the market’s historical development, current trends, technological advancements, strategic initiatives, and future prospects. It highlights the role of onshore wind energy in the transition to a low-carbon economy and its potential to meet rising energy demands sustainably.

Market Overview

Onshore wind energy refers to the generation of electricity from wind turbines situated on land. This segment of the wind energy market is crucial for global renewable energy portfolios due to its relatively low costs, shorter development times, and higher accessibility compared to offshore wind energy. Onshore wind farms are deployed across diverse terrains, including plains, hills, and coastal regions, taking advantage of strong and consistent wind flows.

Scope and Demand

The scope of the Onshore Wind Energy Market encompasses a wide range of activities, from wind resource assessment and site selection to turbine installation, operation, and maintenance. The market is driven by various factors, including:

Energy Security: Onshore wind energy contributes to energy diversification and reduces dependence on fossil fuels.
Environmental Benefits: Wind energy is a clean, renewable resource that reduces greenhouse gas emissions and mitigates climate change.
Economic Development: Investment in wind energy projects creates jobs, stimulates local economies, and provides revenue through land leases and taxes.
Technological Advancements: Innovations in turbine design, materials, and digital technologies enhance efficiency and lower costs.

Technological Developments

Technological advancements in the Onshore Wind Energy Market focus on improving turbine efficiency, reliability, and integration into energy systems. Key developments include:

Turbine Design: Innovations in blade design, tower height, and rotor diameter increase energy capture and reduce costs.
Materials Science: Use of advanced materials such as composites improves turbine durability and performance.
Digital Technologies: Integration of IoT, AI, and data analytics for predictive maintenance, performance optimization, and grid management.
Energy Storage: Development of efficient energy storage solutions to address intermittency and enhance grid stability.

Report Attribute/Metric	Details
Market Size 2023	USD 52.2 Billion
Market Size 2033	USD 79.98 Billion
Compound Annual Growth Rate (CAGR)	4.4% ( 2024-2033)
Base Year	2022
Forecast Period	2024-2033
Historical Data	2019-2023
Forecast Units	Value ( USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
By Type	Less Than 500 KW 500 KW To 2 MW More Than 2 MW
By Application	Utility Non-utility
Key Companies Profiled	Siemens Envision Energy General Electric Suzlon Vestas Enercon Mitsubishi Power Systems Nordex Repower Gazelle Wind Turbines Clipper Wind Power
Regions and Key Countries Covered	U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America
Customization Scope	Available on Request

Market Segmentations:
Global Onshore Wind Energy Market: By Company
Siemens
Envision Energy
General Electric
Suzlon
Vestas
Enercon
Mitsubishi Power Systems
Nordex
Repower
Gazelle Wind Turbines
Clipper Wind Power

Global Onshore Wind Energy Market: By Type
Less Than 500 KW
500 KW To 2 MW
More Than 2 MW

Global Onshore Wind Energy Market: By Application
Utility
Non-utility

Global Onshore Wind Energy Market: Regional Analysis
The regional analysis of the global Onshore Wind Energy market provides insights into the market's performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the Onshore Wind Energy market report are as follows:

North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for Onshore Wind Energy in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product.

Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for Onshore Wind Energy in this region, followed by the U.K. and France. The market growth in this region is driven by the increasing demand for the product in the automotive and aerospace sectors.

Asia-Pacific: The Asia-Pacific region includes Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, and Rest of Asia-Pacific. China is the largest market for Onshore Wind Energy in this region, followed by Japan and India. The market growth in this region is driven by the increasing adoption of the product in various end-use industries, such as automotive, aerospace, and construction.

Middle East and Africa: The Middle East and Africa region includes Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa. The market growth in this region is driven by the increasing demand for the product in the aerospace and defense sectors.

South America: The South America region includes Argentina, Brazil, and Rest of South America. Brazil is the largest market for Onshore Wind Energy in this region, followed by Argentina. The market growth in this region is primarily driven by the increasing demand for the product in the automotive sector.

Reasons to Purchase Onshore Wind Energy Market Report:
Firstly, Onshore Wind Energy market report provides invaluable insights into market dynamics, encompassing factors like industry trends, consumer behavior, and competitive analysis. By understanding these dynamics, businesses can identify opportunities for growth and anticipate potential threats, empowering them to make informed decisions that align with their strategic objectives.

Secondly, the quality and reliability of market research reports are paramount. Trusted sources and rigorous methodologies ensure the accuracy and credibility of the data presented. This reliability instills confidence in businesses, enabling them to base their strategies on solid foundations and navigate uncertainties with greater certainty.

Thirdly, Onshore Wind Energy market research reports offer a cost-effective solution for accessing comprehensive market intelligence. Rather than investing time and resources in conducting extensive research internally, businesses can rely on these reports to deliver actionable insights in a fraction of the time. This efficiency translates into cost savings and allows organizations to allocate resources more strategically.

Moreover, Onshore Wind Energy market research reports provide deep insights into consumer behavior, helping businesses understand preferences, trends, and purchasing patterns. By leveraging this information, companies can tailor their products and services to meet evolving customer needs, fostering customer satisfaction and loyalty.

Lastly, Onshore Wind Energy market research reports aid in strategic planning by facilitating informed decision-making. From identifying growth opportunities to mitigating risks, these reports equip businesses with the knowledge needed to develop effective strategies that drive sustainable growth and maintain a competitive edge in the market.

Objectives of Onshore Wind Energy Market Study:
Understanding Market Dynamics: Onshore Wind Energy Market research reports aim to provide a comprehensive understanding of the market environment, including industry trends, consumer behavior, and competitive landscape. By analyzing market dynamics, businesses can make informed decisions and adapt their strategies to meet evolving market demands.

Identifying Growth Opportunities: Another objective of Onshore Wind Energy market research reports is to identify potential growth opportunities within the market. By analyzing market trends and consumer preferences, businesses can pinpoint areas of unmet needs or underserved segments, allowing them to develop targeted strategies to capitalize on these opportunities.

Assessing Competitor Strategies: Onshore Wind Energy Market reports also help businesses assess competitor strategies and market positioning. By analyzing competitor performance, product offerings, and marketing tactics, companies can identify competitive strengths and weaknesses, enabling them to refine their own strategies and gain a competitive advantage.

Mitigating Risks: Understanding market risks is another key objective of Onshore Wind Energy market reports. By conducting thorough market analysis, businesses can identify potential threats such as changing consumer preferences, regulatory changes, or new market entrants. This allows them to develop risk mitigation strategies to safeguard their business operations.

Informing Decision Making: Ultimately, the primary objective of Onshore Wind Energy market reports is to provide actionable insights that inform strategic decision-making. By providing data-driven insights and recommendations, market research reports empower businesses to make informed decisions regarding product development, marketing strategies, and resource allocation, ultimately driving business growth and profitability.

Frequently Asked Questions

What is Onshore Wind Energy?

Onshore wind energy refers to the generation of electricity using wind turbines located on land. These turbines convert the kinetic energy of wind into electrical power, providing a renewable and sustainable energy source.

How has the market evolved historically?

The onshore wind energy market has grown significantly over the past few decades. Initially driven by environmental concerns and the oil crises of the 1970s, wind energy has transitioned from a niche technology to a mainstream energy source. Advances in turbine technology, supportive government policies, and increasing economic viability have spurred this growth.

How does Onshore Wind Energy contribute to sustainability?

Reducing Carbon Emissions: Providing a clean alternative to fossil fuels. Promoting Renewable Energy: Increasing the share of renewables in the energy mix. Economic Benefits: Creating jobs and promoting local economic development. Energy Independence: Enhancing energy security by reducing reliance on imported fuels.

TABLE OF CONTENT

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Onshore Wind Energy Market Size Growth Rate by Type:
1.2.2 Less Than 500 KW
1.2.3 500 KW To 2 MW
1.2.4 More Than 2 MW
1.3 Market by Application
1.3.1 Global Onshore Wind Energy Market Growth by Application:
1.3.2 Utility
1.3.3 Non-utility
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Onshore Wind Energy Market Perspective
2.2 Onshore Wind Energy Growth Trends by Region
2.2.1 Global Onshore Wind Energy Market Size by Region:
2.2.2 Onshore Wind Energy Historic Market Size by Region
2.2.3 Onshore Wind Energy Forecasted Market Size by Region
2.3 Onshore Wind Energy Market Dynamics
2.3.1 Onshore Wind Energy Industry Trends
2.3.2 Onshore Wind Energy Market Drivers
2.3.3 Onshore Wind Energy Market Challenges
2.3.4 Onshore Wind Energy Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Onshore Wind Energy Players by Revenue
3.1.1 Global Top Onshore Wind Energy Players by Revenue
3.1.2 Global Onshore Wind Energy Revenue Market Share by Players
3.2 Global Onshore Wind Energy Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Onshore Wind Energy Revenue
3.4 Global Onshore Wind Energy Market Concentration Ratio
3.4.1 Global Onshore Wind Energy Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Onshore Wind Energy Revenue in 2023
3.5 Onshore Wind Energy Key Players Head office and Area Served
3.6 Key Players Onshore Wind Energy Product Solution and Service
3.7 Date of Enter into Onshore Wind Energy Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Onshore Wind Energy Breakdown Data by Type
4.1 Global Onshore Wind Energy Historic Market Size by Type
4.2 Global Onshore Wind Energy Forecasted Market Size by Type
5 Onshore Wind Energy Breakdown Data by Application
5.1 Global Onshore Wind Energy Historic Market Size by Application
5.2 Global Onshore Wind Energy Forecasted Market Size by Application
6 North America
6.1 North America Onshore Wind Energy Market Size
6.2 North America Onshore Wind Energy Market Growth Rate by Country:
6.3 North America Onshore Wind Energy Market Size by Country
6.4 North America Onshore Wind Energy Market Size by Country
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Onshore Wind Energy Market Size
7.2 Europe Onshore Wind Energy Market Growth Rate by Country:
7.3 Europe Onshore Wind Energy Market Size by Country
7.4 Europe Onshore Wind Energy Market Size by Country
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Onshore Wind Energy Market Size
8.2 Asia-Pacific Onshore Wind Energy Market Growth Rate by Region:
8.3 Asia-Pacific Onshore Wind Energy Market Size by Region
8.4 Asia-Pacific Onshore Wind Energy Market Size by Region
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Onshore Wind Energy Market Size
9.2 Latin America Onshore Wind Energy Market Growth Rate by Country:
9.3 Latin America Onshore Wind Energy Market Size by Country
9.4 Latin America Onshore Wind Energy Market Size by Country
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Onshore Wind Energy Market Size
10.2 Middle East & Africa Onshore Wind Energy Market Growth Rate by Country:
10.3 Middle East & Africa Onshore Wind Energy Market Size by Country
10.4 Middle East & Africa Onshore Wind Energy Market Size by Country
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Siemens
11.1.1 Siemens Company Detail
11.1.2 Siemens Business Overview
11.1.3 Siemens Onshore Wind Energy Introduction
11.1.4 Siemens Revenue in Onshore Wind Energy Business
11.1.5 Siemens Recent Development
11.2 Envision Energy
11.2.1 Envision Energy Company Detail
11.2.2 Envision Energy Business Overview
11.2.3 Envision Energy Onshore Wind Energy Introduction
11.2.4 Envision Energy Revenue in Onshore Wind Energy Business
11.2.5 Envision Energy Recent Development
11.3 General Electric
11.3.1 General Electric Company Detail
11.3.2 General Electric Business Overview
11.3.3 General Electric Onshore Wind Energy Introduction
11.3.4 General Electric Revenue in Onshore Wind Energy Business
11.3.5 General Electric Recent Development
11.4 Suzlon
11.4.1 Suzlon Company Detail
11.4.2 Suzlon Business Overview
11.4.3 Suzlon Onshore Wind Energy Introduction
11.4.4 Suzlon Revenue in Onshore Wind Energy Business
11.4.5 Suzlon Recent Development
11.5 Vestas
11.5.1 Vestas Company Detail
11.5.2 Vestas Business Overview
11.5.3 Vestas Onshore Wind Energy Introduction
11.5.4 Vestas Revenue in Onshore Wind Energy Business
11.5.5 Vestas Recent Development
11.6 Enercon
11.6.1 Enercon Company Detail
11.6.2 Enercon Business Overview
11.6.3 Enercon Onshore Wind Energy Introduction
11.6.4 Enercon Revenue in Onshore Wind Energy Business
11.6.5 Enercon Recent Development
11.7 Mitsubishi Power Systems
11.7.1 Mitsubishi Power Systems Company Detail
11.7.2 Mitsubishi Power Systems Business Overview
11.7.3 Mitsubishi Power Systems Onshore Wind Energy Introduction
11.7.4 Mitsubishi Power Systems Revenue in Onshore Wind Energy Business
11.7.5 Mitsubishi Power Systems Recent Development
11.8 Nordex
11.8.1 Nordex Company Detail
11.8.2 Nordex Business Overview
11.8.3 Nordex Onshore Wind Energy Introduction
11.8.4 Nordex Revenue in Onshore Wind Energy Business
11.8.5 Nordex Recent Development
11.9 Repower
11.9.1 Repower Company Detail
11.9.2 Repower Business Overview
11.9.3 Repower Onshore Wind Energy Introduction
11.9.4 Repower Revenue in Onshore Wind Energy Business
11.9.5 Repower Recent Development
11.10 Gazelle Wind Turbines
11.10.1 Gazelle Wind Turbines Company Detail
11.10.2 Gazelle Wind Turbines Business Overview
11.10.3 Gazelle Wind Turbines Onshore Wind Energy Introduction
11.10.4 Gazelle Wind Turbines Revenue in Onshore Wind Energy Business
11.10.5 Gazelle Wind Turbines Recent Development
11.11 Clipper Wind Power
11.11.1 Clipper Wind Power Company Detail
11.11.2 Clipper Wind Power Business Overview
11.11.3 Clipper Wind Power Onshore Wind Energy Introduction
11.11.4 Clipper Wind Power Revenue in Onshore Wind Energy Business
11.11.5 Clipper Wind Power Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details

Siemens
Envision Energy
General Electric
Suzlon
Vestas
Enercon
Mitsubishi Power Systems
Nordex
Repower
Gazelle Wind Turbines
Clipper Wind Power

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Global Onshore Wind Energy Market