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Wind Power Market Size, Share & Trends Analysis and Forecast 2021-2030

Wind power registered tremendous growth in the past ten years and is expected to remain competitive in the energy market. In 2010, electricity from wind contributed to less than 2% of the total power supply in the world. With increased capacity and improved generation, its share increased by more than 6% in 2020 and is expected to grow more than 10% by 2030. The total global installed wind power capacity increased from more than 190 gigawatts (GW) in 2010 to more than 740 GW in 2020 at a CAGR of more than 12%. Asia-Pacific region accounted for more than 60% of wind capacity additions in 2020, with China leading the market.

The COVID-19 pandemic did not affect capacity addition severely in 2020. Initially, when most countries began lockdown, several wind farms under construction were stalled temporarily. With the relaxation of the lockdown, construction resumed in most of the plants, and the ones scheduled for commissioning in 2020 and were in the final stages of construction and connectivity did manage to be commissioned.

Global wind power market overview

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What are the wind power sector dynamics?

Wind power has seen tremendous growth over the past ten years and is expected to maintain its competitiveness in the energy market. Until 2017, feed-in tariffs (FiTs) have been the major government initiative to drive the growth of wind energy. However, with the changing scenario, an auction-based bidding mechanism has been driving wind power in most of the key wind power markets and is likely to do so in the years to come. The auction mechanism leads to cost competitiveness, and also encourages state-owned distribution utilities to award wind power projects through a bidding route. Wind power auctions have resulted in reduced onshore wind power prices in several countries.

Over the period 2021–2030, the wind power market size is expected to increase. A major boost in the investment is expected due to increase in capacity installations, led by countries such as China, the US, Germany, and India as well as emerging countries in the Asia-Pacific, Middle East and Africa (MEA), and South & Central America regions.

What are the segmentations in wind power sector?

Wind power sector is classified into onshore wind power generation and offshore wind power generation. Onshore wind power is the larger segment with more than 90% share in global wind power generation.

The global offshore wind power segment is still in a nascent stage. However, dedicated R&D efforts are expected to bring down the cost of installing offshore wind farms. This will result in an increase in the share of offshore wind power segment, from over 4% in 2019 to more than 12% in 2030. Despite the growth expected in the offshore wind power market, it is not expected to surpass the dominant onshore market. The onshore wind power market will continue to lead the global wind power market, with a share of more than 85% of the total expected global cumulative installed wind power capacity by the end of 2030.

Global wind power market, by segments

Global wind power market, by segments

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What are the top regions and countries for the wind power sector?

Asia-Pacific is the largest market in terms of cumulative installed wind power capacity with more than 340 GW in 2020 and is expected to exceed 1,000 GW in 2030. Europe and North America added significant capacity with more than 215 GW and more than 140 GW, respectively, in 2020. South & Central America, and the Middle East & Africa (MEA) had smaller capacities but are expected to register higher growth in the years ahead.

China is currently home to more than one-third of the world’s wind power capacity. The country had exceptionally large capacity additions during 2009–2011, and also in 2015. In 2020, again, China had the largest wind power capacity addition ever in the country and globally. As the largest manufacturing center for turbines and components with abundant high wind speed sites, China has become the world leader in terms of installed capacity.

The US and Germany have had large capacity since the early 2000s and both have excelled in terms of wind power technology and efficiency. Turkey and Vietnam are two new wind power markets that are set to add large capacity during 2021-2030 despite the low existing active capacity.

Global wind power market, by country

Global wind power market, by country

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Who are the major vendors in the automotive electric and electronic distribution systems market?

Vestas was the largest supplier of wind turbines in 2020 with a global market share of more than 15%. Xinjiang Goldwind was the second-largest supplier of turbines, holding more than 13% share, followed by GE which holds more than 12% of the market. Other key companies include Envision, Siemens Gamesa, China Ming Yang, and Nordex.

In the offshore market, Siemens Gamesa and MHI vestas have held the largest shares each year during 2016-2019. In 2019, besides these two majors, Shanghai Electric, Envision, and Xinjiang Goldwind held significant shares. All other manufacturers held much smaller shares.

Global wind power market, by key companies

Global wind power market, by key companies

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Market report scope

Market size (Year – 2020) $139.2 billion
Base year for estimation 2020
Product segmentation Onshore, Offshore
Regional coverage North America, Europe, Asia-Pacific, South & Central America, Middle East & Africa, others
Forecast period 20212030
Key companies Vestas, Xinjiang Goldwind, Siemens Gamesa, General Electric, Envision, China Ming Yang, and Nordex.

Reasons to Buy

  • Facilitate decision-making by providing historical and forecast data in the wind power sector
  • Develop business strategies by understanding the trends shaping and driving the wind power market
  • Position yourself to gain the maximum advantage of the industry’s growth potential
  • Maximize potential in the growth of the wind power market
  • Identify key partners and business-development avenues
  • Respond to business structure, strategy, and prospects

Companies Mentioned

Vestas, GE, Siemens Gamesa, Envision, MHI Vestas, Shanghai Electric, Xinjiang Goldwind, WEG, Enercon, Nordex, Senvion, Suzlon, Inox Wind, China Ming Yang

Table of Contents

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1. Executive Summary

1.1 Auctions Help Augment Wind Power Capacity Additions

1.2 Investment in Global Wind Power Exceeds $130bn Despite the COVID-19 Pandemic

1.3 APAC Region Accounted for Over 60% of Wind Capacity Additions in 2020

1.4 Offshore Capacity to Exceed Onshore Capacity by 2023 in the UK

2. Introduction

2.1 Wind Power, Technology Definition

2.2 Wind Power, Technology Overview

2.3 Wind Turbine and Components

2.4 Wind Power, Value Chain

2.5 GlobalData Report Guidance

3. Wind Power Market, Global

3.1 Wind Power Market, Global, Overview

3.2 Wind Power Market, Global, Installed Capacity, 2010–2030

– Wind Power Market, Global, Installed Capacity by Region (GW), 2010-2030

– Wind Power Market, Global, Installed Capacity by Country (GW), 2020

– Wind Power Market, Global, Installed Capacity Share (%) by Type, 2020 and 2030

3.3 Wind Power Market, Global, Generation, 2010–2030

– Wind Power Market, Global, Generation Share (%) by Country, 2020 and 2030

3.4 Wind Power Market, Global, Major Trends

– Effect of the COVID-19 Pandemic

– Global Wind Power Market Consolidation Activity

– Increased Preference for Large-Scale Installations

– Offshore Wind Market Development to Gather Momentum during the Forecast Period

3.5 Wind Power Market, Global, Average Turbine Size, 2010–2030

3.6 Wind Power Market, Global, Influences on Economy and Environment

3.7 Wind Power Market, Global, Market Size ($bn)

3.8 Wind Power Market, Global, Market Share

4. Wind Power Market, the US

4.1 Wind Power Market, the US, Overview

4.2 Wind Power Market, the US, Installed Capacity, 2010–2030

– Wind Power Market, the US, Installed Capacity by State, 2020

– Wind Power Market, the US, Annual Capacity Share by Owner, 2020

– Wind Power Market, the US, Annual Capacity Share by Developer (%), 2020

4.3 Wind Power Market, the US, Generation, 2010–2030

– Wind Power Market, the US, Generation by State (TWh), 2020

4.4 Wind Power Market, the US, Drivers and Restraints

– Wind Power Market, the US, Major Drivers

– Wind Power Market, the US, Major Restraints and Challenges

4.5 Wind Power Market, the US, Average Turbine Size, 2010–2020

4.6 Wind Power Market, the US, Influences on Economy and Environment

4.7 Wind Power Market, the US, Market Size ($bn), 2010–2030

4.8 Wind Power Market, the US, Manufacture and Trade

5. Wind Power Market, Brazil

5.1 Wind Power Market, Brazil, Overview

5.2 Wind Power Market, Brazil, COVID-19 Impact

5.3 Wind Power Market, Brazil, Major Trends, 2020

5.4 Wind Power Market, Brazil, Installed Capacity, 2010–2030

– Wind Power Market, Brazil, Cumulative Installed Capacity and Number of Wind Farms by State, 2020

– Wind Power Market, Brazil, Annual Capacity Share by Owner, 2020

– Wind Power Market, Brazil, Annual Capacity Share by Developer (%), 2020

5.5 Wind Power Market, Brazil, Generation, 2010–2030

5.6 Wind Power Market, Brazil, Drivers and Restraints

– Wind Power Market, Brazil, Major Drivers

– Wind Power Market, Brazil, Major Restraints and Challenges

5.7 Wind Power Market, Brazil, Average Turbine Size, 2010–2020

5.8 Wind Power Market, Brazil, Influences on Economy and Environment

5.9 Wind Power Market, Brazil, Market Size ($bn), 2010–2030

5.10 Wind Power Market, Brazil, Manufacture and Trade

6. Wind Power Market, Germany

6.1 Wind Power Market, Germany, Overview

6.2 Wind Power Market, Germany, Installed Capacity, 2010–2030

– Wind Power Market, Germany, Cumulative Capacity by State, 2020

6.3 Wind Power Market, Germany, Generation, 2010–2030

6.4 Wind Power Market, Germany, Drivers and Restraints

– Wind Power Market, Germany, Major Factors Aiding growth

– Wind Power Market, Germany, Major Restraints and Challenges

6.5 Wind Power Market, Germany, Average Turbine Size, 2010–2020

6.6 Wind Power Market, Germany, Influences on Economy and Environment

6.7 Wind Power Market, Germany, Market Size ($bn), 2010–2030

6.8 Wind Power Market, Germany, Manufacture and Trade

7. Wind Power Market, Spain

7.1 Wind Power Market, Spain, Overview

7.2 Wind Power Market, Spain, Installed Capacity, 2010–2030

– Wind Power Market, Spain, Cumulative Capacity Share by Province

7.3 Wind Power Market, Spain, Generation, 2010–2030

7.4 Wind Power Market, Spain, Drivers and Restraints

– Wind Power Market, Spain, Major Drivers

– Wind Power Market, Spain, Major Restraints and Challenges

7.5 Wind Power Market, Spain, Average Turbine Size, 2010–2020

7.6 Wind Power Market, Spain, Influences on Economy and Environment

7.7 Wind Power Market, Spain, Market Size ($bn), 2010–2030

7.8 Wind Power Market, Spain, Manufacture and Trade

8. Wind Power Market, the UK

8.1 Wind Power Market, the UK, Overview

8.2 Wind Power Market, the UK, Installed Capacity, 2010–2030

– Wind Power Market, the UK, Cumulative Installed Capacity by Region, 2020

– Wind Power Market, the UK, Annual Capacity Share by Owner (%), 2020

– Wind Power Market, the UK, Annual Capacity Share by Developer (%), 2020

8.3 Wind Power Market, the UK, Generation, 2010–2030

8.4 Wind Power Market, the UK, Drivers and Restraints

– Wind Power Market, the UK, Major Drivers

– Wind Power Market, the UK, Major Restraints and Challenges

8.5 Wind Power Market, the UK, Average Turbine Size, 2010–2020

8.6 Wind Power Market, the UK, Influences on Economy and Environment

8.7 Wind Power Market, the UK, Market Size ($bn), 2010–2030

8.8 Wind Power Market, the UK, Manufacture and Trade

9. Wind Power Market, China

9.1 Wind Power Market, China, Overview

9.2 Wind Power Market, China, Installed Capacity, 2010–2030

9.3 Wind Power Market, China, Generation, 2010–2030

9.4 Wind Power Market, China, Drivers and Restraints

– Wind Power Market, China, Major Drivers

– Wind Power Market, China, Major Restraints and Challenges

9.5 Wind Power Market, China, Average Turbine Size, 2010–2020

9.6 Wind Power Market, China, Influences on Economy and Environment

9.7 Wind Power Market, China, Market Size ($bn), 2010–2030

9.8 Wind Power Market, China, Manufacture and Trade

10. Wind Power Market, India

10.1 Wind Power Market, India, Overview

10.2 Wind Power Market, India, Installed Capacity, 2010–2030

– Wind Power Market, India, Installed Capacity by State, 2020

10.3 Wind Power Market, India, Generation, 2010–2030

10.4 Wind Power Market, India, Drivers and Restraints

– Wind Power Market, India, Major Drivers

– Wind Power Market, India, Major Restraints and Challenges

10.5 Wind Power Market, India, Average Turbine Size, 2010–2020

10.6 Wind Power Market, India, Influences on Economy and Environment

10.7 Wind Power Market, India, Market Size ($bn), 2010–2030

10.8 Wind Power Market, India, Manufacture and Trade

11. Wind Power Market, Australia

11.1 Wind Power Market, Australia, Overview

11.2 Wind Power Market, Australia, Installed Capacity, 2010–2030

– Wind Power Market, Australia, Cumulative Capacity by State, 2020

– Wind Power Market, Australia, Annual Capacity Share by Owner, 2020

– Wind Power Market, Australia, Annual Capacity Share by Developer (%), 2019

11.3 Wind Power Market, Australia, Generation, 2010–2030

11.4 Wind Power Market, Australia, Drivers and Restraints

– Wind Power Market, Australia, Major Factors Aiding Growth

– Wind Power Market, Australia, Major Restraints and Challenges

11.5 Wind Power Market, Australia, Average Turbine Size, 2010–2020

11.6 Wind Power Market, Australia, Influences on Economy and Environment

11.7 Wind Power Market, Australia, Market Size ($bn), 2010–2030

11.8 Wind Power Market, Australia, Manufacture and Trade

12. Wind Power Market, Vietnam

12.1 Wind Power Market, Vietnam, Overview

12.2 Wind Power Market, Vietnam, Installed Capacity, 2010–2030

12.3 Wind Power Market, Vietnam, Generation, 2010–2030

12.4 Wind Power Market, Vietnam, Drivers and Restraints

– Wind Power Market, Vietnam, Major Factors Aiding Growth

– Wind Power Market, Vietnam, Major Restraints and Challenges

12.5 Wind Power Market, Vietnam, Average Turbine Size, 2011–2020

12.6 Wind Power Market, Vietnam, Influences on Economy and Environment

12.7 Wind Power Market, Vietnam, Market Size ($bn), 2010–2030

12.8 Wind Power Market, Vietnam, Manufacture and Trade

13. Wind Power Market, Turkey

13.1 Wind Power Market, Turkey, Overview

13.2 Wind Power Market, Turkey, Installed Capacity, 2010–2030

– Wind Power Market, Turkey, Cumulative Capacity Share by Province, 2020

– Wind Power Market, Turkey, Annual Capacity Share by Owner (%), 2020

– Wind Power Market, Turkey, Annual Capacity Share by Developer (%), 2020

13.3 Wind Power Market, Turkey, Generation, 2010–2030

13.4 Wind Power Market, Turkey, Drivers and Restraints

– Wind Power Market, Turkey, Major Factors Aiding Growth

– Wind Power Market, Turkey, Major Restraints and Challenges

13.5 Wind Power Market, Turkey, Average Turbine Size, 2010–2020

13.6 Wind Power Market, Turkey, Influences on Economy and Environment

13.7 Wind Power Market, Turkey, Market Size ($bn), 2010–2030

13.8 Wind Power Market, Turkey, Manufacture and Trade

14. Appendix

14.1 Abbreviations

14.2 Bibliography

14.3 Methodology

– Coverage

– Secondary Research

– Primary Research

– Modelling and Forecasting

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List of Tables

Table 1: Wind Power Market, Global, Installed Capacity (GW), 2010–2030

Table 2: Wind Power Market, Global, Electricity Generation (TWh), 2010–2030

Table 3: Wind Power Market, Global, Market Size ($bn), 2010–2030

Table 4: Wind Power Market, Global, Onshore Turbine Market Share (%), 2016–2020

Table 5: Wind Power Market, Global, Offshore Turbine Market Share (%), 2016–2020

Table 6: Wind Power Market, the US, Installed Capacity (GW), 2010–2030

Table 7: Wind Power Market, the US, Generation (TWh), 2010–2030

Table 8: Renewable Energy Market, the US, Renewable Portfolio Standards, State Targets

Table 9: Wind Power Market, the US, Market Size ($bn), 2010–2030

Table 10: Wind Power Market, the US, Turbine Market Share (%), 2015–2020

Table 11: Wind Power Market, Brazil, Installed Capacity (GW), 2010–2030

Table 12: Wind Power Market, Brazil, Generation (TWh), 2010–2030

Table 13: Brazil, Renewable Energy Auctions, 2018–2021

Table 14: Wind Power Market, Brazil, Market Size ($bn), 2010–2030

Table 15: Wind Power Market, Brazil, Turbine Market Share (%), 2015–2020

Table 16: Wind Power Market, Germany, Installed Capacity (GW), 2010–2030

Table 17: Wind Power Market, Germany, Generation (TWh), 2010–2030

Table 18: Wind Power Market, Germany, Annual Capacity Expansion Under EEG 2021

Table 19: Wind Power Market, Germany, Onshore Wind Auction Results, 2020

Table 20: Wind Power Market, Germany, Market Size ($bn), 2010–2030

Table 21: Wind Power Market, Germany, Onshore Turbine Market Share (%), 2016–2020

Table 22: Wind Power Market, Germany, Offshore Turbine Market Share (%), 2016–2020

Table 23: Wind Power Market, Spain, Installed Capacity (GW), 2010–2030

Table 24: Wind Power Market, Spain, Generation (TWh), 2010–2030

Table 25: Renewable Energy Auctions, Spain, 2016–2021

Table 26: Wind Power Market, Spain, Market Size ($bn), 2010–2030

Table 27: Wind Power Market, Spain, Turbine Market Share (%), 2016–2020

Table 28: Wind Power Market, the UK, Installed Capacity (GW), 2010–2030

Table 29: Wind Power Market, the UK, Generation (TWh), 2010–2030

Table 30: Renewable Energy, CfD First Allocation Round Results, the UK, 2015

Table 31: Renewable Energy, CfD Second Allocation Round Results, the UK, 2017

Table 32: Renewable Energy, CfD Third Allocation Round Results, the UK, 2019

Table 33: Wind Power Feed-in Tariffs, the UK ($/kWh), 2017–2021

Table 34: Wind Power Market, the UK, Market Size ($bn), 2010–2030

Table 35: Wind Power Market, China, Installed Capacity (GW), 2010–2030

Table 36: Wind Power Market, China, Generation (TWh), 2010–2030

Table 37: Renewable Energy Law, China, Renewable Portfolio Standards by Province (%), 2020

Table 38: Wind Power Market, China, Market Size ($bn), 2010–2030

Table 39: Wind Power Market, India, Installed Capacity (GW), 2010–2030

Table 40: Wind Power Market, India, Generation (TWh), 2010–2030

Table 41: Wind Power Market, India, Renewable Power Targets for 2022

Table 42: Wind Power Market India, Renewable Power Targets for 2030

Table 43: Wind Power Market, India, Wind Power Capacity Targets for 2022 by State

Table 44: Renewable Energy Auctions, India, 2018-2021

Table 45: Wind Power Market, India, Market Size ($bn), 2010–2030

Table 46: Wind Power Market, India, Turbine Market Share (%), 2015–2019

Table 47: Wind Power Market, Australia, Installed Capacity (GW), 2010–2030

Table 48: Wind Power Market, Australia, Generation (TWh), 2010–2030

Table 49: New Large-scale Renewable Energy Target, Annual Targets, Australia (TWh), 2015–2030

Table 50: Wind Power Market, Australia, Turbine Market Share (%), 2015–2020

Table 51: Wind Power Market, Vietnam, Installed Capacity (GW), 2010–2030

Table 52: Wind Power Market, Vietnam, Generation (TWh), 2010–2030

Table 53: Wind Power Market, Vietnam, Market Size ($bn), 2010–2030

Table 54: Renewable Energy Targets, Turkey, 2023

Table 55: Wind Power Market, US, Turbine Market Share (%), 2015–2020

List of Figures

Figure 1: Wind Power Market, Global, Cumulative Installed Capacity, 2010–2030

Figure 2: Wind Power Market, Global, Market Size, 2010–2030

Figure 3: Wind Power Market, Asia-Pacific, Annual Installed Capacity, 2010-2030

Figure 4: Wind Power Market, the UK, Cumulative Installed Capacity, 2010–2030

Figure 5: Wind Power Market, Global, Value Chain

Figure 6: Wind Power Market, Global, Snapshot, 2020

Figure 7: Wind Power Market, Global, Cumulative Installed Capacity (GW), 2010–2030

Figure 8: Wind Power Market, Global, Annual Installed Capacity (GW), 2010–2030

Figure 9: Wind Power Market, Global, Cumulative Installed Capacity by Region (GW), 2010–2030

Figure 10: Wind Power Market, Global, Installed Capacity by Country (GW), 2020

Figure 11: Wind Power Market, Global, Cumulative Capacity Share (%) by Type, 2020 and 2030

Figure 12: Wind Power Market, Global, Generation (TWh), 2010–2030

Figure 13: Wind Power Market, Global, Generation Share (%) by Country, 2020 and 2030

Figure 14: Wind Power Market, Global, Share of Offshore Wind in Cumulative Capacity (%), 2010–2030

Figure 15: Wind Power Market, Global, Average Turbine Size, 2010–2030

Figure 16: Wind Power Market, Global, GHG Emissions Reduction, 2010–2030

Figure 17: Wind Power Market, Global, Number of Jobs (million), 2012–2020

Figure 18: Wind Power Market, Global, Market Size ($bn), 2010–2030

Figure 19: Wind Power Market, Global, Onshore Turbine Market Share (%), 2016–2020

Figure 20: Wind Power Market, Global, Offshore Turbine Market Share (%), 2016–2020

Figure 21: Wind Power Market, the US, Snapshot, 2020

Figure 22: Wind Power Market, the US, Cumulative Installed Capacity (GW), 2010–2030

Figure 23: Wind Power Market, the US, Annual Installed Capacity (GW), 2010–2030

Figure 24: Wind Power Market, the US, Installed Capacity and Share (%) by State, 2020

Figure 25: Wind Power Market, the US, Annual Capacity Share by Owner (%), 2020

Figure 26: Wind Power Market, the US, Annual Capacity Share by Developer (%), 2020

Figure 27: Wind Power Market, the US, Generation (TWh), 2010–2030

Figure 28: Wind Power Market, the US, Generation by State (TWh), 2020

Figure 29: Wind Power Market, the US, Impact of Production Tax Credit on Annual Installations (GW), 2001-2020

Figure 30: Wind Power Market, the US, Average Turbine Size (MW), 2010–2020

Figure 31: Wind Power Market, the US, Number of Jobs (thousands), 2012–2020

Figure 32: Wind Power Market, the US, Market Size ($bn), 2010–2030

Figure 33: Wind Power Market, the US, Turbine Market Share (%), 2015–2020

Figure 34: Wind Power Market, the US, Imports and Exports, 2010–2020

Figure 35: Wind Power Market, Brazil, Snapshot, 2020

Figure 36: Wind Power Market, Brazil, Cumulative Installed Capacity (GW), 2010–2030

Figure 37: Wind Power Market, Brazil, Annual Installed Capacity (GW), 2010–2030

Figure 38: Wind Power Market, Brazil, Cumulative Capacity by State, 2020

Figure 39: Wind Power Market, Brazil, Annual Capacity Share by Owner (%), 2020

Figure 40: Wind Power Market, Brazil, Annual Capacity Share by Developer (%), 2020

Figure 41: Wind Power Market, Brazil, Generation (TWh), 2010–2030

Figure 42: Wind Power Market, Brazil, Average Turbine Size (MW), 2010–2020

Figure 43: Wind Power Market, Brazil, Number of Jobs (thousands), 2012–2020

Figure 44: Wind Power Market, Brazil, Market Size ($bn), 2010–2030

Figure 45: Wind Power Market, Brazil, Turbine Market Share (%), 2015–2020

Figure 46: Wind Power Market, Brazil, Imports and Exports, 2010–2020

Figure 47: Wind Power Market, Germany, Snapshot,2020

Figure 48: Wind Power Market, Germany, Cumulative Installed Capacity (GW), 2010–2030

Figure 49: Wind Power Market, Germany, Annual Installed Capacity (GW), 2010–2030

Figure 50: Wind Power Market, Germany, Cumulative Capacity by State,2020

Figure 51: Wind Power Market, Germany, Generation (TWh), 2010–2030

Figure 52: Wind Power Market, Germany, Average Turbine Size (MW), 2010–2020

Figure 53: Wind Power Market, Germany, Number of Jobs (thousands), 2012–2020

Figure 54: Wind Power Market, Germany, Market Size ($bn), 2010–2030

Figure 55: Wind Power Market, Germany, Onshore Turbine Market Share (%), 2016–2020

Figure 56: Wind Power Market, Germany, Offshore Turbine Market Share (%), 2016–2020

Figure 57: Wind Power Market, Germany, Imports and Exports, 2010–2020

Figure 58: Wind Power Market, Spain, Snapshot,2020

Figure 59: Wind Power Market, Spain, Cumulative Installed Capacity (GW), 2010–2030

Figure 60: Wind Power Market, Spain, Annual Installed Capacity (GW), 2010–2030

Figure 61: Wind Power Market, Spain, Cumulative Capacity Share by Province (%)

Figure 62: Wind Power Market, Spain, Generation (TWh), 2010–2030

Figure 63: Wind Power Market, Spain, Average Turbine Size (MW), 2010–2020

Figure 64: Wind Power Market, Spain, Number of Jobs (thousands), 2012–2020

Figure 65: Wind Power Market, Spain, Market Size ($bn), 2010–2030

Figure 66: Wind Power Market, Spain, Turbine Market Share (%), 2016–2020

Figure 67: Wind Power Market, Spain, Imports and Exports, 2010–2020

Figure 68: Wind Power Market, the UK, Snapshot, 2020

Figure 69: Wind Power Market, the UK, Cumulative Installed Capacity (GW), 2010–2030

Figure 70: Wind Power Market, the UK, Annual Installed Capacity (GW), 2010–2030

Figure 71: Wind Power Market, the UK, Cumulative Capacity by Region, 2020

Figure 72: Wind Power Market, the UK, Annual Onshore Capacity Share by Owner (%), 2020

Figure 73: Wind Power Market, the UK, Annual Onshore Capacity Share by Developer (%), 2020

Figure 74: Wind Power Market, the UK, Generation (TWh), 2010–2030

Figure 75: Wind Power Market, the UK, Average Turbine Size (MW), 2010–2020

Figure 76: Wind Power Market, the UK, Number of Jobs (thousands), 2012–2020

Figure 77: Wind Power Market, the UK, Market Size ($bn), 2010–2030

Figure 78: Wind Power Market, the UK, Onshore Turbine Market Share (%), 2016–2020

Figure 79: Wind Power Market, the UK, Offshore Turbine Market Share (%), 2016–2020

Figure 80: Wind Power Market, the UK, Imports and Exports, 2010–2020

Figure 81: Wind Power Market, China, Snapshot, 2020

Figure 82: Wind Power Market, China, Cumulative Installed Capacity (GW), 2010–2030

Figure 83: Wind Power Market, China, Annual Installed Capacity (GW), 2010–2030

Figure 84: Wind Power Market, China, Generation (TWh), 2010–2030

Figure 85: Wind Power Market, China, Curtailment, 2013–2020

Figure 86: Wind Power Market, China, Average Turbine Size (MW), 2010–2020

Figure 87: Wind Power Market, China, Number of Jobs (thousands), 2012–2020

Figure 88: Wind Power Market, China, Market Size ($bn), 2010–2030

Figure 89: Wind Power Market, China, Turbine Market Share (%), 2015–2020

Figure 90: Wind Power Market, China, Imports and Exports, 2010–2020

Figure 91: Wind Power Market, India, Snapshot, 2020

Figure 92: Wind Power Market, India, Cumulative Installed Capacity (GW), 2010–2030

Figure 93: Wind Power Market, India, Annual Installed Capacity (GW), 2010–2030

Figure 94: Wind Power Market, India, Installed Capacity by State, 2020

Figure 95: Wind Power Market, India, Generation (TWh), 2010–2030

Figure 96: Wind Power Market, India, Average Turbine Size (MW), 2010–2020

Figure 97: Wind Power Market, India, Number of Jobs (thousands), 2012–2020

Figure 98: Wind Power Market, India, Market Size ($bn), 2010–2030

Figure 99: Wind Power Market, India, Turbine Market Share (%), 2015–2020

Figure 100: Wind Power Market, India, Imports and Exports, 2010–2020

Figure 101: Wind Power Market, Australia, Snapshot, 2020

Figure 102: Wind Power Market, Australia, Cumulative Installed Capacity (GW), 2010–2030

Figure 103: Wind Power Market, Australia, Annual Installed Capacity (GW), 2010–2030

Figure 104: Wind Power Market, Australia, Cumulative Capacity by State (%), 2020

Figure 105: Wind Power Market, Australia, Annual Capacity Share by Owner (%), 2020

Figure 106: Wind Power Market, Australia, Annual Capacity Share by Developer (%), 2020

Figure 107: Wind Power Market, Australia, Generation (TWh), 2010–2030

Figure 108: Wind Power Market, Australia, Average Turbine Size (MW), 2010–2020

Figure 109: Wind Power Market, Australia, Number of Jobs (thousands), 2012–2020

Figure 110: Wind Power Market, Australia, Market Size ($bn), 2010–2030

Figure 111: Wind Power Market, Australia, Turbine Market Share (%), 2015–2019

Figure 112: Wind Power Market, Australia, Imports and Exports, 2010–2020

Figure 113: Wind Power Market, Vietnam, Snapshot,2020

Figure 114: Wind Power Market, Vietnam, Cumulative Installed Capacity (GW), 2010–2030

Figure 115: Wind Power Market, Vietnam, Annual Installed Capacity (GW), 2010–2030

Figure 116: Wind Power Market, Vietnam, Generation (TWh), 2010–2030

Figure 117: Wind Power Market, Vietnam, Average Turbine Size (MW), 2011–2020

Figure 118: Wind Power Market, Vietnam, Market Size ($bn), 2010–2030

Figure 119: Wind Power Market, Vietnam, Imports and Exports, 2010–2019

Figure 120: Wind Power Market, Turkey, Snapshot, 2020

Figure 121: Wind Power Market, Turkey, Cumulative Capacity (GW), 2010–2030

Figure 122: Wind Power Market, Turkey, Annual Installed Capacity (GW), 2010–2030

Figure 123: Wind Power Market, Turkey, Cumulative Capacity Share by State (%),2020

Figure 124: Wind Power Market, Turkey, Annual Capacity Share by Owner (%), 2020

Figure 125: Wind Power Market, Turkey, Cumulative Capacity Share by Developer (%), 2020

Figure 126: Wind Power Market, Turkey, Generation (TWh), 2010–2030

Figure 127: Wind Power Market, Turkey, Average Turbine Size (MW), 2014–2017

Figure 128: Wind Power Market, Turkey, Number of Jobs (thousands), 2016–2020

Figure 129: Wind Power Market, Turkey, Market Size ($bn), 2010–2030

Figure 130: Wind Power Market, Turkey, Turbine Market Share (%), 2015–2020

Figure 131: Wind Power Market, Turkey, Imports and Exports, 2010–2020

Frequently Asked Questions

The global wind power market size was estimated to be $139.2 billion in 2020.

 

Onshore wind power generation is the largest segment of the global wind power market, accounting for more than 90% of the market’s total value.

Asia-pacific is the leading region in the market with an installed wind power capacity of more than 340 GW in 2020 and will continue to have the largest capacity additions during 2021–2030.

The key players include Vestas, Xinjiang Goldwind, Siemens Gamesa, General Electric, Envision, and China Ming Yang.

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