Wind Turbine Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

Wind Turbine Market is segmented By Axis (Vertical, Horizontal), By Installation(Onshore, Offshore),...

Wind Turbine Market Size

Market Size in USD Bn

CAGR8.00%

Study Period2025-2032
Base Year of Estimation2024
CAGR8.00%
Market ConcentrationMedium
Major PlayersGeneral Electric Company, Vestas Wind Systems A/S, Nordex SE, Suzlon Energy Limited, Siemens Gamesa Renewable Energy SA and Among Others
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Wind Turbine Market Analysis

The wind turbine market is estimated to be valued at USD 161.99 Bn in 2025 and is expected to reach USD 277.62 Bn by 2032. It is projected to grow at a compound annual growth rate (CAGR) of 8.00% from 2025 to 2032. The wind turbine market has been witnessing significant growth driven by supportive government policies and regulations towards adoption of renewable sources of energy.