The wind energy market size is projected to reach US$ 172.7 billion by 2031 from US$ 95.1 billion in 2023. The market is expected to register a CAGR of 7.7% in 2023–2031. Increasing energy consumption coupled with significant efforts to minimize carbon emissions is among the key factors driving the wind energy market. The wind energy market is expected to experience considerable growth during the analyzed timeframe owing to the increasing number of onshore & offshore wind power projects, particularly in remote locations.
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Top Key Major Players:-
- Vestas Wind Systems A/S
- Siemens Energy
- Goldwind
- ENVISION Group
- GE Renewable Energy
- Mingyang Smart Energy
- Nordex SE
- Shanghai Electric
- Suzlon Group
- ENERCON GmbH