How big is the Wind Power Market | Insights, Trends & Growth Analysis 2025

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Code: MTA10072

Publication Date: Oct 2025

What is the size of the Wind Power Market?

According to 6Wresearch internal database and industry insights, the Global Wind Power Market was valued at USD 156.7 Billion in 2024 and is expected to reach USD 275.1 Billion by 2031, growing at a compound annual growth rate of 6.20% during the forecast period (2025-2031).

The primary catalysts behind this growth are rising demand for clean and renewable energy sources, governmental efforts to diminish carbon emissions, and boosts in turbine technology, which enlarge efficiency and lower costs.

Growth Factors for Wind Power Industry

Growing concerns over climate change and the push for renewable energy sources.
Advancements in wind turbine technology, enhancing efficiency and reducing costs.
Increasing government incentives and subsidies to promote green energy.
Rise in the number of offshore wind projects due to favorable wind conditions.
Expansion of grid infrastructure to accommodate renewable energy sources.

Wind Power Market Trends

The Wind Power Market demonstrates trends emphasising sustainability and technology innovations. Trends include the expansion of offshore wind farms, larger and more efficient turbines, and increasing interest in hybrid energy systems that include wind energy and other renewable energy sources. In addition, the industry is adopting digitalisation and smart grid innovations to improve wind energy production and distribution and overall system efficiency.

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Emerging Developments in the Wind Power Market

The Wind Power Market is experiencing developments in innovations of floating wind turbines that have made offshore wind sites more accessible, as well as the integration of wind energy with energy storage technologies to provide continuous, reliable energy. The industry is also seeing increased investment in developing wind farms in emerging markets, partly due to the need for sustainable energy systems and the reduction of reliance on fossil fuels.