Global wind energy market was valued at $105.2 billion in 2025 and is growing at a CAGR of 10.2% during the forecast period (2026-2035). Growing global electricity demand, especially in emerging economies, is driving investments in wind power as a cost-effective and low-emission energy source, supporting the expansion of the global wind energy market. Technological advancements in turbine efficiency, supportive government policies, and increasing corporate commitments to renewable energy are further accelerating adoption. According to the World Wind Energy Association (WWEA), in April 2025, global wind power capacity continued to rise steadily, reflecting ongoing market momentum and regional variations in growth.
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Global Wind Power Capacity & Growth (2024),
- Total installed global wind power capacity: 1,173,581?MW (??1,174?GW) at the end of 2024.
- New wind capacity added in 2024: 121,305?MW (121?GW) — roughly similar to 2023 levels.
- Growth rate (global): 11.5?% in 2024, down from 13.0?% in 2023.
- Capacity added outside China in 2024: 34,413?MW, an 18?% decline compared to the previous year.
Leading Companies Shaping Wind Energy Innovation
Prominent companies in the wind energy sector, including Envision, Goldwind, GE Vernova, Siemens Gamesa Renewable Energy, and Vestas, are at the forefront of advancing wind technology. It drives the innovations in turbine design, digital monitoring systems, predictive maintenance, and grid integration solutions, enhancing efficiency and reliability in wind power generation. Through these technological advancements, these companies are playing a crucial role in accelerating the adoption of renewable energy and supporting the global transition toward sustainable power generation.
- In January 2026, Adani Green established a new subsidiary, Adani Ecogen Seven Limited (AE7L), to focus on renewable power generation activities. This entity will develop, distribute, transmit, sell, and supply electricity from wind, solar photovoltaic (PV), and other renewable energy sources, as reported in a bourse filing.
- In November 2025, Inox Wind secured new wind turbine generator supply orders totaling 229MW, enhancing its project pipeline and strengthening its status as a preferred partner for renewable energy developers. The contract includes a firm order of 112MW, with an option for an additional 48MW, along with limited engineering, procurement, and construction (EPC) services and multiyear operations and maintenance (O&M) support following project commissioning.
- In September 2025, China successfully launched the world's largest airborne wind turbine, the S1500, capable of generating one megawatt of power. This milestone, achieved during test flights in Xinjiang from September 19 to 21, positions China as a leader in green energy. The S1500, resembling a giant airship, could provide reliable green energy to remote communities during blackouts.
- In April 2025, Senvion India launched the 3.1M130 wind turbine, which will begin grid-connected commercial installations across the country. It is listed in the Ministry of New and Renewable Energy’s Revised List of Models and Manufacturers as of April 2025. The turbine, featuring a 130-metre rotor and advanced control systems, is designed for pad constraint sites. It has been fully designed, prototype-tested, and certified in India, with over 80% of its components locally manufactured.
Market Coverage
- The market number available for – 2025-2035
- Base year- 2025
- Forecast period- 2026-2035
- Segment Covered-
- By Equipment
- By Project Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape - Envision, Goldwind, GE Vernova, Siemens Gamesa Renewable Energy, Vestas, among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Wind Energy Market Report Segment
By Equipment
- Turbine Blade
- Electricity Generator
- Windmill Tower
- Control Equipment
- Others
By Project Type
- Offshore Project
- Onshore Project
Global Wind Energy Market Report Segment by Region
North America
Europe
- UK
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia and New Zealand
- ASEAN Economies
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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