Wind Turbine Market is segmented By Axis (Vertical, Horizontal), By Installation(Onshore, Offshore),...
Market Size in USD Bn
CAGR8.00%
Study Period | 2025-2032 |
Base Year of Estimation | 2024 |
CAGR | 8.00% |
Market Concentration | Medium |
Major Players | General Electric Company, Vestas Wind Systems A/S, Nordex SE, Suzlon Energy Limited, Siemens Gamesa Renewable Energy SA and Among Others |
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.