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Global Onshore Wind Market to Reach USD 321.14 Billion by 2035, Driven by Renewable Energy Targets and Turbine Innovation

globenewswire.com
ETR Siemens Energy is listed as a major onshore wind market participant, indicating its involvement in a growing global market projected to reach $321.14 billion by 2035. The article does not provide specific sentiment towards the company itself. GE GE Vernova is named as a major participant in the global onshore wind market, a sector expected to grow substantially. The article does not provide specific sentiment or performance analysis for GE Vernova. SU Schneider Electric is listed as a participant in the global onshore wind market, which is expected to grow significantly. The article does not provide specific sentiment for the company. ENR ENERCON Global GmbH is listed as a participant in the global onshore wind market, which is expected to expand significantly. The article does not provide specific sentiment for the company.

Global Onshore Wind Market to Reach USD 321.14 Billion by 2035, Driven by Renewable Energy Targets and Turbine Innovation Dublin, Aug. 31, 2026 (GLOBE NEWSWIRE) -- The "Onshore Wind Market by Component, By Turbine Rating and Region - Global Forecast to 2035" has been added to ResearchAndMarkets.com's offering.

The global onshore wind market is projected to expand from an estimated USD 132.47 billion in 2026 to USD 321.14 billion by 2035, registering a compound annual growth rate of 10.3% during the forecast period. Growth is supported by accelerating renewable energy generation, energy security concerns, global decarbonization targets, and government policies promoting clean power deployment.

Onshore wind remains one of the most cost-competitive and scalable renewable energy technologies, benefiting from mature equipment, competitive generation costs, and shorter project development timelines compared with many alternative power sources. Governments and utilities are increasing investment as countries transition toward low-carbon energy systems and seek to reduce dependence on imported fossil fuels.

Technology Advancements Strengthen Onshore Wind Project Performance

Product innovation is improving energy output, operating efficiency, and long-term project economics. Manufacturers are introducing next-generation onshore wind turbines exceeding 5 MW, supported by larger rotor diameters, taller hub heights, longer lightweight composite blades, and advanced drivetrain technologies. These systems can maximize power generation across a wider range of wind conditions.

Digitalization is also reshaping wind farm operations. AI-enabled predictive maintenance, digital twins, condition-monitoring systems, real-time asset monitoring, and performance analytics help operators reduce downtime, optimize output, extend turbine life, and lower operating costs. These capabilities are particularly important for utility-scale wind farms and repowering projects.

Repowering aging wind farms and integrating battery energy storage systems are creating additional opportunities by increasing project productivity and improving grid reliability. However, lengthy permitting procedures, land acquisition complexities, high capital expenditure, transmission infrastructure gaps, grid integration constraints, and local community opposition may delay project execution and increase development costs.

Electrical Infrastructure to Hold the Second-Largest Component Share

By component, electrical infrastructure is expected to represent the second-largest segment of the onshore wind market during the forecast period. Expanding wind capacity is increasing demand for substations, transformers, switchgear, cables, high-voltage transmission networks, and reliable grid interconnection systems.

Grid modernization programs and smart grid deployment are further supporting this segment. High-capacity turbines and utility-scale wind farms require robust electrical infrastructure to manage larger volumes of renewable electricity, maintain stable power delivery, and support long-term operational efficiency.

2-3 MW Turbine Segment to Record the Third-Fastest Growth

By turbine rating, the 2-3 MW segment is projected to register the third-fastest growth through 2035. These turbines offer a strong balance of performance, cost, and deployment flexibility, making them suitable for moderate wind resources and projects where land availability or grid capacity limits the installation of larger turbines.

The 2-3 MW category is widely adopted in emerging markets, distributed utility-scale installations, and projects led by medium-sized developers. Lower upfront investment requirements, attractive returns, and continued upgrades of older wind farms are expected to support steady segment expansion.

Europe Positioned as the Second-Largest Regional Market

Europe is estimated to account for the second-largest share of the global onshore wind market during the forecast period. Germany, Spain, the UK, France, Sweden, and Italy continue to invest in capacity expansion through competitive auctions, energy transition programs, and supportive renewable power policies.

The region benefits from an established ecosystem of turbine manufacturers, project developers, grid companies, and engineering service providers. Deployment of high-capacity turbines, repowering of existing wind farms, battery energy storage, digital platforms, smart grids, and expanded transmission infrastructure will strengthen regional market growth.

The European Green Deal, REPowerEU program, and country-level renewable energy objectives are expected to stimulate additional investment in onshore wind farm development while supporting energy security and carbon emissions reduction.

Competitive Landscape

Major onshore wind market participants include Siemens Energy, Ming Yang Smart Energy Group Co., Ltd., Vestas, Goldwind Science & Technology Co., Ltd., and GE Vernova. The competitive assessment also covers SANY Renewable Energy Co., Ltd., Suzlon Energy Ltd., Doosan Enerbility, Dongfang Electric Wind Power Co. Ltd., Envision Energy, Windey Energy Technology Group Co., Ltd., Nordex SE, Shanghai Electric Wind Power Group, CRRC Shandong Wind Power, Hitachi Energy Ltd., ABB, Prysmian Group, Schneider Electric, Inox Wind, Senvion India, ENERCON Global GmbH, and Vayona Energy Pvt. Ltd.

The study evaluates company profiles, market shares, service offerings, growth strategies, product launches, and recent industry developments. Competitive activity is increasingly focused on high-capacity turbine platforms, advanced grid technologies, digital asset management, repowering services, and solutions that improve energy yield while reducing lifecycle costs.

Research Coverage and Methodology

The report defines, analyzes, and forecasts the global onshore wind market by component, turbine rating, and region. It provides qualitative and quantitative analysis of market value, competitive conditions, future trends, growth drivers, restraints, opportunities, and challenges. Coverage also includes product and service innovation, untapped geographies, market diversification, and regional development opportunities.

Primary research included in-depth interviews with key industry participants, subject-matter experts, C-level executives, directors, consultants, sales managers, engineers, and regional managers. Interview distribution was as follows:

Company tiers were classified using 2025 revenue: Tier 1 companies generated more than USD 1 billion, Tier 2 companies generated USD 500 million to USD 1 billion, and Tier 3 companies generated less than USD 500 million.

Key Report Benefits

Key Attributes:

Key Topics Covered:

Market Dynamics

Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/xwfopi

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ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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