Wind turbines market to reach 934.6GW by 2030, forecasts GlobalData

GlobalData’s latest report, 'Wind Turbines Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast, 2024-2030', offers broad accusation and knowing of the planetary upwind turbine market. The report analyses the upwind turbine marketplace worth and capableness for the humanities (2020–2024) and forecast (2025–2030) periods, arsenic good arsenic country-wise drivers and restraints affecting the market.

The study besides provides elaborate accusation astir cardinal policies and regulations, the marketplace stock for 2024, large upcoming projects and contracts for each country. The investigation is based on GlobalData’s proprietary databases, arsenic good arsenic superior and secondary research, and in-house expertise.

The planetary upwind vigor marketplace is entering its strongest maturation signifier to date, driven by accelerating nationalist decarbonisation targets, energy‑security needs and long‑term concern strategies. The aggregate installations are expected to scope 934.6GW successful 2030.

The Asia-Pacific (APAC) portion leads the planetary upwind turbine market, accounting for the largest stock of yearly installations and possessing the astir precocious manufacturing capabilities for turbines, components, and offshore technologies. APAC's dominance is chiefly driven by China's extended onshore and offshore development, India's rapidly increasing home manufacturing and auction-driven expansion, and the emerging offshore projects successful Japan and Australia.

Europe, the Middle East, and Africa (EMEA) represent the second-largest market. Europe serves arsenic the determination anchor, bolstered by binding clime mandates nether the EU Green Deal, the revised Renewable Energy Directive III, and a beardown offshore upwind trajectory led by countries successful the North Sea. The Americas ranks arsenic the third-largest market, with the US starring the way, wherever the Inflation Reduction Act (IRA) has stimulated cleanable vigor manufacturing, repowering activities, and the improvement of an emerging offshore upwind proviso chain.

The Middle East and North Africa are advancing utility-scale renewable vigor projects done government-backed procurements and decarbonisation initiatives, portion definite areas of Sub-Saharan Africa are gradually unlocking upwind projects with the assistance of planetary financing and determination powerfulness excavation initiatives.

The Americas ranks arsenic the third-largest market, with the US starring the way, wherever the Inflation Reduction Act (IRA) has stimulated cleanable vigor manufacturing, repowering activities, and the improvement of an emerging offshore upwind proviso chain.