Wind Energy Market to accrue appreciable gains by 2024

Global Market Insights adds global Wind Energy Market report which focuses on the major drivers and restraints for the key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

Growing demand for reliable, cost effective and environment friendly generation systems along with strict government norms to reduce GHG emissions will augment the wind energy market. In 2016, government of UK announced the target to reduce GHG emissions up to 58% by 2030 from 1990 levels.

2016 Market Size – USD 70 Billion

2024 Forecast Value – $170bn+

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Residential wind energy market is predicted to witness significant growth owing to its wide applications across service and residential buildings. Increasing demand for distributed energy systems across residential sector will boost the business landscape. As per the U.S. Department of Energy, distributed energy systems are feasible for approximately 49 million industrial, commercial, or residential sites which, is equals to more than 42% of the U.S. buildings.

Key Highlights of this report: 

Base Year: 2016

Growth Projections – 2017 to 2024.

Historical data coverage: 2013 to 2016

Number of Pages – 1300

Data Tables – 1194

Figures & Charts-12

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 Growth drivers Of Wind Energy Market: –

North America and Europe

  • Stringent emission norms
  • Growing deployment of renewable energy


  • Rapid Industrialization & Urbanization
  • Declining component cost
  • Growing demand for electricity

Latin America and Middle East and Africa

  • Rising investments across clean energy sector
  • Growing adoption of distributed energy systems

Offshore wind energy market is predicted to reach over 13 GW of annual installation by 2024. The Government directives toward energy efficiency along with huge untapped potential will boost the product penetration. In 2017, Horizon 2020 sponsored USD 17.83 million to European Commission project towards reduction of operation and maintenance costs of offshore through integration of advanced monitoring technologies for turbines.

Wind Energy Market Segmentation: –

Chapter 4. Wind Energy Market, By Axis

4.1. Global market share by axis, 2016 & 2024

4.2. Horizontal Axis

4.2.1.   Horizontal axis market, 2013 – 2024

4.2.2.   Horizontal axis market volume by region, 2013 – 2024

4.2.3.   Horizontal axis market revenue by region, 2013 – 2024

4.3. Vertical Axis

4.3.1.   Vertical axis market, 2013 – 2024

4.3.2.   Vertical axis market volume by region, 2013 – 2024

4.3.3.   Vertical axis market revenue by region, 2013 – 2024

Chapter 5. Wind Energy Market, By Connectivity

5.1. Global market share by connectivity, 2016 & 2024

5.2. On-Grid

5.2.1.   On-grid market, 2013 – 2024

5.2.2.   On-grid market volume by region, 2013 – 2024

5.2.3.   On-grid market revenue by region, 2013 – 2024

5.3. Off-Grid

5.3.1.   Off-grid market, 2013 – 2024

5.3.2.   Off-grid market volume by region, 2013 – 2024

5.3.3.   Off-grid market revenue by region, 2013 – 2024

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Research Methodology:

At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc.  Primary objectives of data mining include:

  • Definition and scope of research
  • Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the industry
  • Demographics and statistical data

All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.

Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:

  • Leadership figures such as CEOs, CSOs, VPs etc. in key companies
  • Supply-chain participants, distributors and domain experts
  • Key customers and B2B clients