Wind power equipment Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for wind power equipment. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global wind power equipment market from 2025 to 2032.

Key Insights:

Wind Power Equipment Market Size (2025E): USD 49.9 Billion
Projected Market Value (2032F): USD 78.6 Billion
Global Market Growth Rate (CAGR 2025 to 2032): 6.7%

Wind Power Equipment Market - Report Scope:

Wind power equipment comprises key components essential for the generation of electricity from wind energy, including wind turbines, nacelles, blades, towers, generators, gearboxes, and control systems. These components are integral to both onshore and offshore wind energy projects. The market caters to utilities, independent power producers, and infrastructure developers focused on transitioning toward sustainable energy. Rapid advancements in turbine technology, increasing investments in renewable energy infrastructure, and favorable government policies supporting clean energy transition are fueling the demand for wind power equipment across developed and developing regions.

Market Growth Drivers:

The global wind power equipment market is propelled by the accelerating global shift toward renewable energy to combat climate change and reduce dependence on fossil fuels. Increasing electricity demand, combined with rising awareness of carbon emissions, has led to a surge in investments in wind energy projects. Technological innovations such as smart turbine control systems, longer and lighter blades, and direct-drive generators are improving efficiency and reducing operational costs. Moreover, government incentives, tax credits, and renewable energy targets are encouraging developers and investors to accelerate wind power deployment, boosting equipment demand across various geographies.

Market Restraints:

Despite promising growth, the wind power equipment market faces certain challenges, including high upfront capital costs and logistical complexities, especially in offshore installations. The intermittent nature of wind energy can affect grid stability and requires the integration of storage and smart grid solutions, adding to system costs. Furthermore, limited infrastructure for transporting large turbine components and environmental concerns related to land usage and wildlife impact pose barriers to project execution. Additionally, fluctuating raw material prices and supply chain disruptions can increase production costs, affecting profit margins for manufacturers and project developers.

Market Opportunities:

The wind power equipment market presents substantial opportunities driven by global efforts to achieve net-zero emissions and expand green energy infrastructure. Emerging markets in Asia Pacific, Latin America, and Africa are witnessing increased activity in wind energy development due to favorable climates and supportive policies. The rise of offshore wind farms, particularly in Europe and the U.S., opens lucrative avenues for high-capacity turbine equipment and floating wind technology. Digitalization of wind operations through IoT, AI-based maintenance analytics, and predictive performance monitoring further enhances efficiency and reliability, creating new business models for service providers and equipment manufacturers.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the wind power equipment market globally?
Which equipment types and applications are seeing the highest adoption across wind energy projects?
How are technological advancements reshaping the competitive landscape of the wind power equipment market?
Who are the key players in the wind power equipment market, and what strategies are they implementing to maintain market leadership?
What are the emerging trends and long-term prospects in the global wind power equipment market?

Competitive Intelligence and Business Strategy:

Leading players in the global wind power equipment market, including Siemens Gamesa Renewable Energy, Vestas Wind Systems A/S, General Electric Company, and Nordex Group, are focused on scaling innovation, expanding production capacity, and entering strategic collaborations. These companies invest in R&D to develop larger and more efficient turbine systems for both onshore and offshore projects. Strategic alliances with utility companies, digital solution providers, and energy investors are facilitating integrated wind energy solutions. Moreover, partnerships with governments for public-private projects and investments in circular economy practices such as blade recycling are contributing to sustainable business operations and long-term competitiveness.

Key Companies Profiled:

Vestas Wind Systems AS
Siemens Gamesa Renewable Energy
Enercon GmbH
Envision Energy
General Electric Company
Guodian United Power Technology Company Limited
Ming Yang Wind Power Group Limited
Senvion SA
Nordex SE
Xinjiang Goldwind Science & Technology Co., Ltd.

Market Segmentation

By Location

Offshore
Onshore

By Equipment

Blades
Control Systems
Gearboxes
Generators
Towers
Turbines
Others

By Region

North America
Europe
East Asia
South Asia and Oceania
Middle East and Africa
Latin America

Product Code: PMRREP35323

1. Executive Summary

1.1. Global Wind Power Equipment Market Snapshot 2025-2032
1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
1.3. Key Market Trends
1.4. Industry Developments and Key Market Events
1.5. Demand Side and Supply Side Analysis
1.6. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definitions
2.2. Value Chain Analysis
2.3. Macro-Economic Factors
- 2.3.1. Global GDP Outlook
- 2.3.2. Global Renewable Energy Industry Overview
- 2.3.3. Global Energy Generation and Distribution Industry Overview
- 2.3.4. Global Turbine Manufacturing Industry Outlook
- 2.3.5. Global Logistics and Supply Chain Overview
2.4. Forecast Factors - Relevance and Impact
2.5. COVID-19 Impact Assessment
2.6. PESTLE Analysis
2.7. Porter's Five Forces Analysis
2.8. Geopolitical Tensions: Market Impact
2.9. Regulatory and Technology Landscape

3. Market Dynamics

3.1. Drivers
3.2. Restraints
3.3. Opportunities
3.4. Trends

4. Price Trend Analysis, 2019-2032

4.1. Region-wise Price Analysis
4.2. Price by Segments
4.3. Price Impact Factors

5. Global Wind Power Equipment Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

5.1. Key Highlights
5.2. Global Wind Power Equipment Market Outlook: Location
- 5.2.1. Introduction/Key Findings
- 5.2.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Location, 2019-2024
- 5.2.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Location, 2025-2032
  - 5.2.3.1. Offshore
  - 5.2.3.2. Onshore
- 5.2.4. Market Attractiveness Analysis: Location
5.3. Global Wind Power Equipment Market Outlook: Equipment
- 5.3.1. Introduction/Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Equipment, 2019-2024
- 5.3.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Equipment, 2025-2032
  - 5.3.3.1. Blades
  - 5.3.3.2. Control Systems
  - 5.3.3.3. Gearboxes
  - 5.3.3.4. Generators
  - 5.3.3.5. Towers
  - 5.3.3.6. Turbines
  - 5.3.3.7. Others
- 5.3.4. Market Attractiveness Analysis: Equipment

6. Global Wind Power Equipment Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Region, 2019-2024
6.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia & Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Wind Power Equipment Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 7.3.1. U.S.
- 7.3.2. Canada
7.4. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Location, 2025-2032
- 7.4.1. Offshore
- 7.4.2. Onshore
7.5. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Equipment, 2025-2032
- 7.5.1. Blades
- 7.5.2. Control Systems
- 7.5.3. Gearboxes
- 7.5.4. Generators
- 7.5.5. Towers
- 7.5.6. Turbines
- 7.5.7. Others

8. Europe Wind Power Equipment Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 8.3.1. Germany
- 8.3.2. Italy
- 8.3.3. France
- 8.3.4. U.K.
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
8.4. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Location, 2025-2032
- 8.4.1. Offshore
- 8.4.2. Onshore
8.5. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Equipment, 2025-2032
- 8.5.1. Blades
- 8.5.2. Control Systems
- 8.5.3. Gearboxes
- 8.5.4. Generators
- 8.5.5. Towers
- 8.5.6. Turbines
- 8.5.7. Others

9. East Asia Wind Power Equipment Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
9.4. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Location, 2025-2032
- 9.4.1. Offshore
- 9.4.2. Onshore
9.5. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Equipment, 2025-2032
- 9.5.1. Blades
- 9.5.2. Control Systems
- 9.5.3. Gearboxes
- 9.5.4. Generators
- 9.5.5. Towers
- 9.5.6. Turbines
- 9.5.7. Others
9.6. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by , 2025-2032

10. South Asia & Oceania Wind Power Equipment Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of SAO
10.4. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Location, 2025-2032
- 10.4.1. Offshore
- 10.4.2. Onshore
10.5. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Equipment, 2025-2032
- 10.5.1. Blades
- 10.5.2. Control Systems
- 10.5.3. Gearboxes
- 10.5.4. Generators
- 10.5.5. Towers
- 10.5.6. Turbines
- 10.5.7. Others

11. Latin America Wind Power Equipment Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of LATAM
11.4. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Location, 2025-2032
- 11.4.1. Offshore
- 11.4.2. Onshore
11.5. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Equipment, 2025-2032
- 11.5.1. Blades
- 11.5.2. Control Systems
- 11.5.3. Gearboxes
- 11.5.4. Generators
- 11.5.5. Towers
- 11.5.6. Turbines
- 11.5.7. Others

12. Middle East & Africa Wind Power Equipment Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 12.3.1. GCC Countries
- 12.3.2. South Africa
- 12.3.3. Northern Africa
- 12.3.4. Rest of MEA
12.4. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Location, 2025-2032
- 12.4.1. Offshore
- 12.4.2. Onshore
12.5. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Equipment, 2025-2032
- 12.5.1. Blades
- 12.5.2. Control Systems
- 12.5.3. Gearboxes
- 12.5.4. Generators
- 12.5.5. Towers
- 12.5.6. Turbines
- 12.5.7. Others

13. Competition Landscape

13.1. Market Share Analysis, 2025
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
13.3. Company Profiles
- 13.3.1. Vestas Wind Systems AS
  - 13.3.1.1. Company Overview
  - 13.3.1.2. Product Portfolio/Offerings
  - 13.3.1.3. Key Financials
  - 13.3.1.4. SWOT Analysis
  - 13.3.1.5. Company Strategy and Key Developments
- 13.3.2. Siemens Gamesa Renewable Energy
- 13.3.3. Enercon GmbH
- 13.3.4. Envision Energy
- 13.3.5. General Electric Company
- 13.3.6. Guodian United Power Technology Company Limited
- 13.3.7. Ming Yang Wind Power Group Limited
- 13.3.8. Senvion SA
- 13.3.9. Nordex SE
- 13.3.10. Xinjiang Goldwind Science & Technology Co., Ltd.

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations

Wind power equipment Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032