Onshore Wind Market Forecasts to 2034 - Global Analysis By Turbine Capacity (Below 2 MW, 2-3 MW, 3-5 MW, Above 5 MW), Turbine Type, Component, Project Type, and By Geography

According to Stratistics MRC, the Global Onshore Wind Market is accounted for $89.9 billion in 2026 and is expected to reach $143.3 billion by 2034 growing at a CAGR of 6.0% during the forecast period. Onshore wind refers to wind power generation from turbines installed on land, capturing kinetic energy from wind to generate electricity. The market encompasses turbine capacity ranges including below 2 MW, 2-3 MW, 3-5 MW, and above 5 MW with turbine types including horizontal-axis wind turbines and vertical-axis wind turbines. Components include rotor blades, nacelles, generators, gearboxes, towers, and control systems for new installations and repowering projects.

Market Dynamics:

Driver:

Declining wind costs and improving competitiveness

The significant decline in onshore wind costs and improving competitiveness with fossil fuels are primary drivers for the onshore wind market. Onshore wind is among the lowest-cost renewable sources. Turbine and installation costs continue declining. Government auctions drive deployment. As costs decline, onshore wind deployment expands, supporting sustained market growth.

Restraint:

Land use and community acceptance challenges

The significant land use requirements and community acceptance challenges represent major restraints for the onshore wind market. Wind farms require extensive land areas. Visual and noise impacts affect community acceptance. Permitting can be lengthy. These land and acceptance factors may limit deployment in some regions.

Opportunity:

Growth of repowering and larger turbine deployment

The growing repowering opportunities and larger turbine deployment present significant opportunities for onshore wind market expansion. Repowering older sites with larger turbines increases capacity. Larger turbines improve economics. Advanced turbine technology improves performance. As repowering opportunities grow, these solutions capture growing market share.

Threat:

Competition from offshore wind and solar

Competition from offshore wind and solar poses threats to onshore wind market growth. Offshore wind offers higher capacity factors. Solar provides complementary generation. Hybrid systems may combine sources. This competition may limit onshore wind market share in some regions.

Covid-19 Impact:

The COVID-19 pandemic had a mixed impact on the onshore wind market. Supply chain disruptions and project delays affected deployment. However, the pandemic accelerated focus on renewable energy and decarbonization. Government stimulus packages included clean energy funding. Post-pandemic, continued renewable focus has supported market growth.

The 3-5 MW segment is expected to be the largest during the forecast period

The 3-5 MW segment is expected to account for the largest market share during the forecast period, driven by optimal balance of capacity and cost, widespread adoption, and suitability for most onshore sites. 3-5 MW turbines offer efficient generation for typical wind conditions. The segment benefits from industry standardization. As onshore wind grows, this capacity range maintains the largest turbine capacity segment share.

The Rotor Blades segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the Rotor Blades segment is predicted to witness the highest growth rate, fueled by increasing turbine sizes, blade manufacturing innovation, and repowering demand. Larger rotor blades capture more wind energy. The segment benefits from advanced materials and manufacturing. As turbine sizes increase, rotor blades deliver the fastest component segment growth.

Region with largest share:

During the forecast period, the Asia-Pacific region is expected to hold the largest market share, supported by massive wind deployment, government renewable targets, and declining costs. China leads global onshore wind installation. India and Southeast Asian nations are expanding wind capacity. The region's manufacturing scale provides cost advantages. With deployment scale, Asia Pacific maintains its dominant market position.

Region with highest CAGR:

Over the forecast period, the Asia-Pacific region is anticipated to exhibit the highest CAGR, driven by continued wind expansion, government renewable targets, and declining costs. China, India, and Southeast Asian nations are investing heavily in wind. Government programs promoting renewable energy are accelerating. As wind adoption expands, Asia Pacific delivers the fastest market growth globally.

Key players in the market

Some of the key players in Onshore Wind Market include Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy, GE Vernova Inc., Nordex SE, Enercon GmbH, Goldwind Science & Technology Co., Ltd., Envision Energy, Mingyang Smart Energy Group Co., Ltd., Zhejiang Windey Co., Ltd., Suzlon Energy Limited, SANY Renewable Energy Co., Ltd., Shanghai Electric Wind Power Group Co., Ltd., Dongfang Electric Corporation, CSIC Haizhuang Wind Power, and CRRC Corporation Limited.

Key Developments:

In October 2026, Vestas announced 522 MW in new order additions for early Q4, following a massive Q3 order intake of 2,754 MW spanning major onshore turbine installations across Germany, Australia, and Italy.

In October 2026, Nordex Group secured orders totaling 228 MW to supply and install 35 wind turbines from its Delta4000 series across multiple onshore projects in Southern, Central, and Eastern Europe.

In October 2026, Envision Energy secured UL Solutions type certifications across Europe and Australia, following DNV certification for its TG Pro wind platform.

Turbine Capacities Covered:

• Below 2 MW
• 2-3 MW
• 3-5 MW
• Above 5 MW

Turbine Types Covered:

• Horizontal-Axis Wind Turbines
• Vertical-Axis Wind Turbines

Components Covered:

• Rotor Blades
• Nacelles
• Generators
• Gearboxes
• Towers
• Control Systems

Project Types Covered:

• New Installations
• Repowering Projects

Regions Covered:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
  • Belgium
  • Sweden
  • Switzerland
  • Poland
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Vietnam
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Rest of South America
• Rest of the World (RoW)
  • Middle East
• Saudi Arabia
• United Arab Emirates
• Qatar
• Israel
• Rest of Middle East
  • Africa
• South Africa
• Egypt
• Morocco
• Rest of Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2023, 2024, 2025, 2026, 2027, 2028, 2030, 2032 and 2034
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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