Global wind installations to reach 934.6 GW by 2030

China's major manufacturers are increasingly concentrating global market share leadership.

Installations in the global wind energy market are expected to reach 934.6 gigawatts (GW) in 2030, a new report said.

According to GlobalData’s “Wind Turbines Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast, 2024–2030,” installations reached 115.3GW in 2024. Onshore wind accounted for 91.8% of installations, whilst offshore wind accounted for the remaining 8.2%.

Bhavana Sri Pullagura, senior power analyst at GlobalData, noted that the Asia Pacific leads the market, “primarily driven by China’s extensive onshore and offshore development, India’s rapidly growing domestic manufacturing and auction-driven expansion, and the emerging offshore projects in Japan and Australia.”

“Market share leadership is increasingly concentrated amongst China’s major original equipment manufacturers (OEMs), supported by cost-efficient manufacturing and unmatched domestic deployment volumes,” Pullagura said.

In the West, European and US manufacturers remain competitive through advanced offshore technology, digital optimisation, and robust service portfolios. 

“With Chinese OEMs leading global capacity additions and Western manufacturers driving innovation in offshore and digital turbine platforms, the industry is entering its most competitive and transformative phase to date,” Pullagura said.

“As nations ramp up wind deployment to meet climate targets and ensure long-term energy independence, the global wind turbine market is expected to grow significantly, reinforcing wind power’s role as a cornerstone of the world’s renewable energy future,” the expert said.