Wind Power Generator Market Size to Attain USD 40.41 Bn By 2034

The global wind power generator market size was estimated at USD 23.88 billion in 2024 and is predicted to attain around USD 40.41 billion by 2034 with a CAGR of 5.4%.
 
PUNE, India - March 20, 2025 - PRLog -- Key Insights
  • Asia Pacific led the global market in 2023, holding the highest market share of 44%.
  • By product, the onshore segment recorded the largest market share.
  • By application, the horizontal-axis wind power generator segment held the highest market share.

Market Overview

Wind energy has become the most widely used renewable energy source since its introduction, gaining global popularity. Governments and private organizations are increasingly adopting sustainable energy solutions to protect the environment. As renewable energy gains recognition, wind generators are being rapidly adopted due to their cost-effectiveness and efficient land use. The market is expected to grow, driven by wind energy's affordability and reliability.

Segments Covered in the Report

By Product
  • Offshore
  • Onshore

By Application
  • Horizontal-Axis Wind Power Generator
  • Vertical-Axis Wind Power Generator

Wind Power Generator Market Companies
  • Siemens
  • GE
  • Vestas
  • Goldwind
  • Enercon
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