Top 50 Industries in Global Wind Energy (2025-2035): Expert View by Spherical Insights
RELEASE DATE: Jul 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Wind Energy Market Size is projected to grow from USD 179.7 billion in 2024 to USD 420.7 billion by 2035, at a CAGR of 8.88 % during the forecast period 2025–2035. Future opportunities in the global wind energy market include offshore expansion, floating wind farms, hybrid renewable systems, digital monitoring, advanced turbine designs, repowering aging assets, and growth in emerging markets.
Introduction
The global wind energy market plays a vital role in the transition to clean and sustainable power generation. By harnessing wind through turbines, it offers a renewable, low-carbon alternative to fossil fuels. With growing global energy demand and environmental concerns, wind energy is gaining prominence as a reliable and scalable solution. Technological advancements, supportive government policies, and declining installation costs are driving increased adoption across onshore and offshore segments. Wind power not only reduces greenhouse gas emissions but also supports energy security and economic development. As nations aim for net-zero targets, wind energy will continue to be a cornerstone of global decarbonization efforts.
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Wind Energy Market Size & Statistics
The Market for wind energy was estimated To be worth USD 179.7 Billion in 2024.
The market is going to expand at a CAGR of 8.88 % between 2025 and 2035.
The Global Wind Energy Market Size is anticipated to reach USD 420.7 Billion by 2035.
Asia Pacific is expected to generate the highest demand during the forecast period in the wind energy market.
North America is expected to grow the fastest during the forecast period in the wind energy market.
Regional growth and demand
North America is expected to grow the fastest during the forecast period in the wind energy market. North America is expected to witness the fastest growth in the wind energy market during the forecast period due to strong government support, including tax incentives and renewable energy mandates. The region is experiencing rapid technological advancements in turbine efficiency, grid integration, and digital monitoring, which are making wind power more cost-effective. Major offshore wind projects in the U.S., especially along the East and West coasts, are further accelerating growth. Additionally, rising corporate demand for clean energy, grid modernization efforts, and the availability of vast wind resources—particularly in the U.S. Midwest and Canadian Prairies—are fueling this rapid expansion.
Asia Pacific is expected to generate the highest demand during the forecast period in the wind energy market. With a 57% market share, Asia Pacific is likely to emerge as the industry's leading region throughout the forecast period. China accounted for the highest installation in the region due to ongoing initiatives and investments undertaken by the government to augment the industry growth. For example, Gansu Wind Farm in China is the world's largest wind farm, with thousands of turbines and a capacity of 7,965 MW. In addition, China installed 72 and 48 GW of wind and solar capacity in 2020, respectively, as the rest of the world combined, and has a 2030 target of 1.2 TW.
Top 10 Wind Energy Trends
- Artificial Intelligence
- Robotics & Automation
- Digital Twins
- Alternative Manufacturing Techniques
- Advanced Blade Design
- Floating Turbines
- Airborne Energy Systems
- Wind Farm Optimization
- Smart Asset Monitoring
- Closed-loop Recycling
1. Artificial Intelligence
Startups use AI, ML, and computer vision to optimize wind turbines, forecast weather, and enable predictive maintenance, boosting efficiency and reducing operational costs.
- Turbit Systems advances Predictive Wind Turbine Maintenance
Turbit Systems uses AI and analytics to predict wind turbine issues early, reducing downtime, maintenance costs, and boosting efficiency.
- IdentiFlight offers a Bird Detection System
US-based startup IdentiFlight uses AI, ML, and advanced optics to detect birds in real-time and prevent turbine collisions, minimizing operational disruptions.
2. Robotics & Automation
Wind farm process automation combines software like SCADA and PLCs with robotics and AI to optimize operations. Startups use ML, cloud computing, drones, and robots to boost efficiency, reduce costs, and enhance safety.
- SkyVisor provides Autonomous Turbine Inspection
French startup SkyVisor offers SkyVisor Wind, an autonomous drone for wind turbine inspection. It uses AI and high-resolution imaging to detect blade damage and optimize maintenance planning.
- ArthWind develops Robotic Crawlers
Brazilian startup ArthWind offers robotic crawlers and drones for wind turbine inspections. Arthbot navigates hard-to-reach areas, while drones capture detailed images, reducing manual inspection time and costs.
3. Digital Twins
Startups use sensor data to create digital twins’ virtual replicas of wind farm assets—for performance optimization, planning, diagnostics, and safety analysis. These simulations enhance decision-making, cut costs, improve safety, and boost energy output.
- ITHACA provides Offshore Wind Project Digital Twins
US-based startup ITHACA develops ODISY, a digital twin platform for offshore wind projects. It simulates construction, maintenance, and decommissioning phases using 3D visualization, cloud storage, weather-based planning, and real-time monitoring.
- oceans.ai delivers Wind Turbine Simulations
Singapore-based startup oceans.ai offers cognitive digital twin solutions using IoT, robotics, and AI. Its INSYD system predicts turbine failures, boosts efficiency, and prevents unexpected downtimes through advanced performance simulations and visual wear analysis.
4. Alternative Manufacturing Techniques
The wind power industry is adopting advanced manufacturing techniques to enhance efficiency and sustainability. Using carbon fiber and fiberglass makes turbines lighter and stronger, while 3D printing enables faster prototyping and part replacement. Automated assembly lines streamline component integration, reducing time and costs.
- Tight Line Composites offers Pultruded Material
Tight Line Composites, a US-based startup, manufactures carbon fiber-reinforced plastic (CFRP) profiles for wind turbines, offering lightweight, durable, and efficient materials that enhance structural integrity and reduce production costs.
- RCAM Technologies provides 3D Concrete Printing
RCAM Technologies, a US startup, uses 3D concrete printing to build wind turbine towers and anchors on-site, reducing transport costs, carbon footprint, installation noise, and reliance on heavy lift vessels.
5. Advanced Blade Design
To overcome limitations of bulky, noisy turbines, startups develop innovative blades like twisted, adaptive, airfoil, and bionic designs, improving efficiency, performance, and cost-effectiveness in varying weather conditions.
- Myriad Wind Energy Systems designs High-Performance Wind Turbines
Myriad wind energy systems offers compact multi-rotor turbines that are easier to maintain, energy-efficient, and ensure reliable power generation through built-in redundancy.
- Eolic Wall makes At-home Wind Turbines
Eolic Wall’s compact wind system uses aerodynamic Eolic Cells, magnetic levitation, and modular design to efficiently generate residential wind energy.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the wind energy market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 18 Companies Leading the Wind Energy Market
- Vestas
- Sinovel
- Goldwind
- EDF Renewable Energy
- ENERCON GmbH
- Suzlon Group
- American Electric Power Company, Inc.
- Dongfang Electric Corporation
- Ming Yang Smart Energy Group Co.
- Nordex SE
- Avangrid, Inc.
- GE Renewable
- ABB Limited
- DONG Energy
- NextEra Energy Inc.
- United Power
- Exelon Corporation
- Siemens Gamesa Renewable Energy S.A.
- Vestas Wind Systems
- Ameren Corporation
1. Vestas
Headquarters: Aarhus, Denmark
Vestas is a global leader in wind energy solutions, specializing in the design, manufacturing, installation, and servicing of wind turbines. With a presence in over 80 countries, the company provides sustainable energy systems and services that reduce carbon emissions and support a greener future. Vestas offers both onshore and offshore wind solutions and is known for its innovation in turbine technology and digital wind farm management. Their strong focus on sustainability and energy efficiency has made them one of the most trusted names in renewable energy, helping customers achieve long-term energy goals across diverse climatic and geographical conditions.
2. Sinovel Wind Group Co., Ltd.
Headquarters: Beijing, China
Sinovel is one of China’s leading wind turbine manufacturers and a key player in the global wind energy market. The company specializes in the development, production, and sale of large-scale wind turbines for both onshore and offshore applications. Sinovel has contributed significantly to China’s renewable energy capacity expansion and played a role in several international wind projects. Known for its proprietary technology and integrated solutions, Sinovel focuses on energy efficiency, advanced control systems, and cost-effective turbine manufacturing, promoting clean power generation. Its R&D efforts drive the development of high-capacity turbines adapted to various wind and environmental conditions.
3. Goldwind
Headquarters: Beijing, China
Goldwind is a major Chinese wind turbine manufacturer and global provider of wind energy solutions. Founded in 1998, the company designs, manufactures, and installs permanent magnet direct-drive wind turbines. With operations in over 30 countries, Goldwind offers end-to-end solutions from wind resource assessment and project development to operations and maintenance. The company emphasizes sustainability and innovation, using advanced technologies like digital twin modeling and smart wind farm management. Goldwind also invests in energy storage and grid integration technologies to support the transition to a low-carbon energy future. It is a major contributor to China’s renewable energy expansion.
4. EDF Renewables
Headquarters: Paris, France
EDF Renewables is a global leader in renewable energy, part of the EDF Group, and headquartered in Paris. The company focuses on developing, building, and operating renewable energy projects worldwide, including onshore and offshore wind, solar, and energy storage. In the wind sector, EDF Renewables operates a significant portfolio across North America, Europe, Asia, and Africa. Known for innovation and sustainability, the company supports energy transition initiatives and low-carbon energy generation. EDF Renewables emphasizes local partnerships and environmental stewardship while offering customized renewable energy solutions for utilities, governments, and commercial clients to meet clean energy targets.
5. ENERCON GmbH
Headquarters: Aurich, Germany
ENERCON GmbH is a German wind turbine manufacturer known for its gearless turbine technology and robust, environmentally friendly engineering. Founded in 1984, ENERCON has installed turbines in over 45 countries, focusing on high efficiency and reliability. The company designs and produces its own turbine components, including generators, converters, and towers, ensuring quality control. ENERCON also emphasizes sustainability in manufacturing and logistics. Its gearless direct drive technology reduces maintenance and increases efficiency, making it a preferred choice for both onshore and challenging environments. The company contributes significantly to Germany’s renewable energy goals and global wind power development.
Are you ready to discover more about the wind energy market?
The report provides an in-depth analysis of the leading companies operating in the global wind energy market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Vestas
Business Overview
Company Snapshot
Products Overview
Company Market Share Analysis
Company Coverage Portfolio
Financial Analysis
Recent Developments
Merger and Acquisitions
SWOT Analysis
- Sinovel
- Goldwind
- EDF Renewable Energy
- ENERCON GmbH
- Suzlon Group
- American Electric Power Company, Inc.
- Dongfang Electric Corporation
- Ming Yang Smart Energy Group Co.
- Nordex SE
- Avangrid, Inc.
- GE Renewable
- ABB Limited
- DONG Energy
- NextEra Energy Inc.
- United Power
- Exelon Corporation
- Siemens Gamesa Renewable Energy S.A.
- Vestas Wind Systems
- Ameren Corporation
Conclusion
The global wind energy market is set for significant expansion, driven by technological innovation, supportive policies, and the rising need for clean and sustainable energy. Key developments such as floating turbines, digital twins, and AI-powered maintenance are revolutionizing the sector. North America is expected to experience rapid growth, while Asia Pacific will continue to lead in demand. Major players like Vestas, Goldwind, and EDF Renewables are at the forefront of industry transformation. As countries strive to meet net-zero emissions targets, wind energy will remain a critical pillar in the global shift toward renewable power and a greener, more resilient future
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