Wind and solar container industry analysis report

What is the global wind power market size?

Based on component, The market is bifurcated into turbine, support structure, electrical infrastructure and others. The wind power market size amounted to USD 118.1 billion, USD 146.5 billion and USD 174.5 billion in 2022, 2023 and 2024 respectively.

How many GW of solar & wind will be operational in 2024?

The February 2025 release of the Global Solar Power Tracker and the Global Wind Power Tracker shows at least 240 GW of utility-scale solar and wind became operational in 2024. 3 This is a lower figure than the International Energy Agency’s earlier forecast (378 GW), as it does not include projects for which the start year is unknown.

What are the growth opportunities in wind power market?

The adoption of more cost efficient and higher energy producing designs and larger wind turbines is leading to a greater penetration into the wind power market. Furthermore, innovations in materials, aerodynamics, and digitalization will enhance the performance, thereby driving the market landscape. What are the growth opportunities in this market?

What will Europe's wind power market look like in 2034?

Europe wind power market will cross over USD 192 billion by 2034 owing to growing onshore wind energy installations. The EU aims to match subsidies provided by the US and China, prompting increased demand for European manufacturers.

How is wind energy affecting the world's power supply?

As per WWEA 2024 assessment, the contribution of wind energy accounts for over 10 percent of the world’s power supply. The adoption of more cost efficient and higher energy producing designs and larger wind turbines is leading to a greater penetration into the wind power market.

What is the global wind power tracker?

The Global Wind Power Tracker is a worldwide dataset of utility-scale, on- and offshore wind facilities. It includes wind farm phases with capacities of 10 megawatts (MW) or more. Global Energy Monitor (GEM) develops and shares information in support of the worldwide movement for clean energy.