Wind Energy Market Share, Trends, and Analysis by 2031
Wind Energy Market: Strategic Insights
Wind Energy Market
-
CAGR (2023 - 2031)7.7% -
Market Size 2023
US$ 95.1 Billion -
Market Size 2031
US$ 172.7 Billion
Market Dynamics
GROWTH DRIVERS
- Increasing Investments in Renewable Energy Sources
- Government initiatives to promote Installation of Wind farms
FUTURE TRENDS
- Growing power consumption coupled with significant efforts to minimize carbon footprint
OPPORTUNITIES
- The growing focus on floating wind technology holds potential growth opportunity
Key Players
- Vestas Wind Systems A S
- Siemens Energy
- Goldwind
- ENVISION Group
- GE Renewable Energy
- Mingyang Smart Energy
- Nordex SE
- Shanghai Electric
- Suzlon Group
- ENERCON GmbH
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Capacity
- Up to 1 MW
- 1-3 MW
- 3-5 MW
- above 5 MW
Installation
- Onshore
- Offshore