Global Onshore Wind Energy Market Overview:
The Onshore Wind Energy Market is driven by the increasing demand for renewable and clean energy sources to address climate change and reduce carbon emissions with a healthy CAGR of 4.90% during the forecast period of 2022 to 2030.
Market Research Future Insights:
According to MRFR analysis, the global Onshore wind energy market is expected to register a CAGR of 4.90% from 2022 to 2030 and hold a value of over USD 71.11 billion by 2030.
Onshore wind energy refers to the generation of electricity using wind turbines that are located on land, as opposed to offshore wind turbines that are located in bodies of water such as oceans or lakes. Onshore wind energy has become an increasingly popular source of renewable energy due to its low cost and the fact that it does not produce greenhouse gas emissions. The COVID-19 pandemic has had a mixed impact on the onshore wind energy market. On one hand, the pandemic has caused disruptions in the global supply chain, leading to delays in the construction of new wind farms. Additionally, the economic downturn caused by the pandemic has led to a decrease in demand for electricity, which has in turn decreased the demand for new wind energy projects.
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Regional Analysis
The onshore wind energy market is dominated by a few key regions, including Europe, North America, and Asia Pacific.
Europe is the largest market for onshore wind energy, with countries such as Germany, Spain, and the United Kingdom leading the way in terms of installed capacity. The European Union has set a target of achieving 60% renewable energy by 2030
The United States is the largest market for onshore wind energy in North America, with states such as Texas, Iowa, and Oklahoma having significant installed capacity. The Biden administration has set a target of achieving 100% clean electricity by 2035, which is expected to boost demand for onshore wind energy in the coming years.
China is the largest market for onshore wind energy in the Asia Pacific region, with other countries such as India, Japan, and Australia also seeing significant growth in the sector.
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Market Segmentation:
The Global Onshore wind energy market has been segmented into End-use, Application, Power Capacity, Wind Capacity and Grid Connectivity.
Global Onshore Wind Energy Market Key Findings:
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Key Players:
Some of the market key players are Siemens AG (Germany), Envision energy (China), General Electric Wind Energy (U.S.), Suzlon (India), Vestas Wind System A/S (Denmark), Enercon GmbH (Germany), Mitsubishi Power Systems (Japan), Nordex S.E. (Germany), Repower (Switzerland), Gazelle Wind Turbines (U.K.), and Clipper Wind Power (UK).
Industry News:
SSE Renewables has finalized the acquisition of Siemens Gamesa Renewable Energy’s (SGRE) current European platform for developing renewable energy. Numerous onshore wind development projects are included in the SGRE portfolio.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and about what action to take based on these aspects.