Wind Turbine Market Growth and Strategic Outlook 2025-2032
The wind turbine market is witnessing robust industry growth driven by accelerating global demand for renewable energy solutions and technological advancements in turbine design. With increasing government commitments to reduce carbon emissions, the industry size is expanding significantly as new projects and upgrades to existing infrastructure gain momentum.
Market Size and Overview
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.
This upward trajectory is underpinned by enhanced turbine efficiency, cost reductions, and favorable policy landscapes promoting renewable adoption. Wind Turbine Market insights reveal strong investment across onshore and offshore segments, signaling extensive market opportunities and a widened market scope.
Market Segments
The wind turbine market is segmented primarily into turbine type, capacity, and application. Under turbine type, onshore turbines dominate the market revenue, accounting for the largest installation base in 2024. Offshore turbines, however, are the fastest-growing sub-segment, as demonstrated by the 25% year-over-year revenue surge reported in 2025, driven by projects like the North Sea expansions in Europe.
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