The global wind energy market is entering its strongest growth phase to date, driven by accelerating national decarbonization targets, energy security needs and long term industrial strategies. The aggregate installations are expected to reach 934.6 GW in 2030, forecasts GlobalData, a leading intelligence and productivity platform.
GlobalData’s latest report, “Wind Turbines Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast, 2024-2030,” reveals global annual wind turbine installations totaled 115.3 GW in 2024. Onshore wind accounted for 91.8 percent of installations, with offshore wind representing the remaining 8.2 percent.
“The Asia-Pacific (APAC) region leads the global wind turbine market, accounting for the largest share of annual installations and possessing the most advanced manufacturing capabilities for turbines, components, and offshore technologies,” said Bhavana Sri Pullagura, GlobalData’s senior power analyst.
APAC’s dominance is primarily driven by China’s extensive onshore and offshore development, India’s rapidly growing domestic manufacturing and auction-driven expansion, and the emerging offshore projects in Japan and Australia, Pullagura said.
Europe, the Middle East, and Africa (EMEA) represent the second-largest market. Europe serves as the regional anchor, bolstered by binding climate mandates under the EU Green Deal, the revised Renewable Energy Directive III, and a strong offshore wind trajectory led by countries in the North Sea.
The Middle East and North Africa are advancing utility-scale renewable energy projects through government-backed procurements and decarbonization initiatives, while certain areas of Sub-Saharan Africa are gradually unlocking wind projects with the help of international financing and regional power pool initiatives.
The Americas ranks as the third-largest market, with the U.S. leading the way, where the Inflation Reduction Act (IRA) has stimulated clean energy manufacturing, repowering activities, and the development of an emerging offshore wind supply chain.
The global wind turbine market is on the brink of a new era of accelerated growth, fueled by increasing clean-energy commitments, rapid technological advancements, and more resilient manufacturing ecosystems.
“With Chinese OEMs leading global capacity additions and Western manufacturers driving innovation in offshore and digital turbine platforms, the industry is entering its most competitive and transformative phase to date,” Pullagura said. “As nations ramp up wind deployment to meet climate targets and ensure long-term energy independence, the global wind-turbine market is expected to grow significantly, reinforcing wind power’s role as a cornerstone of the world’s renewable energy future.”
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