Wind Energy Market Size, Market size driven by investment in wind farms, turbine installations, and renewable energy capacity growth.

The Wind Energy Market Size is expanding at a remarkable pace. In 2024, the global wind energy market was valued at approximately USD billion. Projections indicate a substantial increase, with the market expected to grow at a compound annual growth rate (CAGR) from 2025 to 2034, reaching an estimated value of USD billion by 2034. This significant growth is fueled by increasing investments in the clean energy sector, ambitious renewable energy targets set by governments worldwide, and the rising demand for electricity.

This market is a critical player in meeting global climate goals and addressing the growing demand for electricity. The wind energy sector is divided into two primary segments: onshore wind farms, which are land-based, and offshore wind turbines, which are located in bodies of water. Both segments are experiencing rapid growth as technological advancements and policy support make wind power an increasingly competitive source of electricity.