Europe Onshore Wind Market (2026-2031)
The Europe Onshore Wind Market was valued at $21513.6 Million in 2026 and projected to reach to $63165.6 Million by 2031, representing a compound annual growth rate of 12.7%. Europe's onshore wind market is positioned for sustained expansion through 2031, driven by stringent EU climate regulations, net-zero commitments, and substantial government incentives for renewable energy infrastructure.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
Europe Onshore Wind Market Trends and Insights
- This represents a compound annual growth rate of 12.7%, significantly outpacing global trends.
- Europe's commitment to renewable energy targets and decarbonization policies continues to drive substantial investments in onshore wind infrastructure across the region. The European onshore wind sector benefits from established regulatory frameworks, technological maturity, and strong government incentives supporting clean energy transition.
- Between 2026 and 2031, Europe is expected to see accelerated capacity additions and modernization of existing installations.
- Europe's strategic focus on energy independence and climate neutrality positions onshore wind as a cornerstone of the continent's energy future. Europe's market growth is underpinned by favorable wind resources, skilled workforce availability, and competitive manufacturing capabilities.
- The region's leadership in wind technology innovation and supply chain development reinforces Europe's position as a global onshore wind hub through 2031..
Key Market Statistics
- CAGR (2026-2031) 12.7% CAGR
- Market Size, 2026 ~USD 21513.6 Million
- Forecast, 2031 ~USD 63165.6 Million
- Geography Europe
Europe Onshore Wind Market Overview
Market Valuation Growth :
Europe's onshore wind market is valued at $21,513.6 million in 2026 and is projected to reach $63,165.6 million by 2031, demonstrating exceptional growth potential in the renewable energy sector.
Superior CAGR Performance :
Europe's onshore wind market grows at 12.7% CAGR, significantly outpacing the global average of 10.3%, reflecting the region's strong commitment to renewable energy expansion.
Policy-Driven Expansion :
European decarbonization policies and ambitious renewable energy targets are driving substantial investments in onshore wind infrastructure across the continent, supporting long-term market growth.
Regional Leadership :
Germany leads Europe's onshore wind market with $22,770 million, followed by France at $10,692 million, establishing Europe as a global hub for wind energy development and innovation.
Europe Onshore Wind Market Dynamics
- The region's technological expertise and established supply chains create competitive advantages for market participants.
- Investment in grid modernization and energy storage solutions will further accelerate market penetration across member states. Key growth drivers include increasing electricity demand, phasing out fossil fuels, and corporate renewable energy procurement commitments.
- European nations are prioritizing onshore wind as a cost-effective, scalable solution to meet climate targets.
- Strategic partnerships between utilities, developers, and technology providers will unlock new opportunities, particularly in Central and Eastern European markets with untapped wind potential..
Market Ecosystem
ONSHORE WIND MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
 |
Whitelee Wind Farm, one of the UK’s largest onshore wind facilities, required modernization to improve energy output and operational efficiency while supporting the country’s renewable energy targets. Aging assets and evolving grid requirements made repowering and digital optimization increasingly important. | Modernization enhanced annual energy production, reduced maintenance-related downtime, extended asset life, and improved overall project economics. It also supported lower lifecycle costs and increased reliability, enabling the wind farm to continue supplying renewable electricity efficiently. |
 |
The 372 MW Björnberget project in Sweden was developed to strengthen renewable electricity generation in the Nordic region while taking advantage of favorable wind resources and modern high-capacity turbine technology | The project achieved higher energy capture, improved operational efficiency, and enhanced reliability, contributing substantial clean electricity to the regional grid while reducing the levelized cost of energy over the project lifetime. |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
Related Ecosystem
Decarbonization
- Battery Electric Vehicle (BEV)
- Energy Management Systems
- Fuel Cell
- Fuel Cell Electric Vehicle (FCEV)
- Geographical Information System (GIS)
- TotalEnergies SE
- Siemens ag
- Mitsui & Co., Ltd.
- General Electric Company
- Thyssenkrupp ag
Key Takeaways
- Europe's onshore wind market will nearly triple from $21.5B in 2026 to $63.2B by 2031, driven by 12.7% CAGR.
- Europe leads global onshore wind adoption through strong regulatory support and aggressive climate commitments.
- Europe's established supply chains and technological expertise create competitive advantages in turbine manufacturing and installation.
- Europe's energy security priorities and renewable targets will sustain high investment levels through 2031.
Onshore Wind Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2026 |
| Fastest Growing Segment | ABOVE 5 MW (Turbine Rating) |
| Forecast Period | 2026-2031 |
| Growth Rate | CAGR of 10.3% from 2026 to 2031 |
| Largest Segment | TURBINES (Component) |
| Market Size Base Year (Billions) | ~USD 132.9 (2026) |
| Revenue Forecast (Billions) | ~USD 216.97 (2031) |
| Segments Covered | Component, Turbine Rating |
Europe Onshore Wind Market Report Segmentation
2 segment dimensions are covered across the global market.
By Component
- Electrical Infrastructure
- Turbines
By Turbine Rating
- 2-3 Mw
- 4-5 Mw
- Above 5 Mw
- Below 2 Mw
Target Audience
- Wind Energy Developers : Project developers need detailed market sizing and country-specific data to identify optimal locations for onshore wind farm development and secure financing across Europe.
- Utility Companies : European utilities require market forecasts and regional growth projections to plan capacity expansion, procurement strategies, and renewable energy portfolio optimization.
- Investment Firms : Private equity and infrastructure investors need comprehensive market analysis to evaluate investment opportunities, assess risk profiles, and maximize returns in European wind assets.
- Equipment Manufacturers : Turbine and component manufacturers require market intelligence to forecast demand, plan production capacity, and identify growth opportunities across European markets.
- Policy & Regulatory Bodies : Government agencies and regulatory organizations use market data to design effective renewable energy policies, set realistic targets, and monitor progress toward decarbonization goals.
Countries within Europe - compare and drill down
| Country | 2025 size (native) |
|---|---|
| Germany | USD 22770 Million |
| UK | USD 6084 Million |
| Spain | USD 5400 Million |
| France | USD 10692 Million |
| Italy | USD 5760 Million |
| Sweden | USD 4644 Million |
| Rest Of Europe | USD 7815.6 Million |
Country market size visualization
Reasons to Buy this Report
- Market Size & Growth Data : Access precise valuation metrics for Europe's onshore wind market with detailed forecasts from 2026-2031, enabling accurate investment planning and competitive positioning.
- Country-Level Intelligence : Gain granular market insights across major European markets including Germany, France, UK, Spain, Italy, and Sweden to identify high-potential investment regions.
- Policy & Regulatory Analysis : Understand how EU decarbonization mandates and renewable energy targets shape market dynamics, helping stakeholders navigate regulatory landscapes and compliance requirements.
- Competitive Landscape : Benchmark performance against regional leaders and identify emerging opportunities in underserved European markets with growing wind energy adoption.
- Strategic Planning Support : Leverage comprehensive market forecasts and trend analysis to develop informed business strategies, capital allocation plans, and market entry approaches for Europe.
Frequently asked questions
What is the projected size of Europe's onshore wind market in 2031?
Europe's onshore wind market is projected to reach $63,165.6 million by 2031, up from $21,513.6 million in 2026.
What is the CAGR for Europe's onshore wind market?
Europe's onshore wind market is expected to grow at a compound annual growth rate of 12.7% between 2026 and 2031.
Why is Europe's onshore wind market growing faster than the global average?
Europe's growth outpaces global trends due to stringent climate regulations, renewable energy targets, energy independence goals, and mature regulatory frameworks supporting wind energy development.
Which factors are driving Europe's onshore wind market expansion?
Key drivers include EU decarbonization mandates, government incentives, favorable wind resources, technological innovation, supply chain maturity, and strategic energy security priorities.
How does Europe's onshore wind market compare to other regions?
Europe's 12.7% CAGR significantly exceeds the global average of 10.3%, reflecting Europe's leadership position in renewable energy adoption and policy implementation.
RESEARCH METHODOLOGY
The study involved major activities in estimating the current size of the onshore wind market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.
Secondary Research
This research study on the onshore wind market involved the use of extensive secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg, Businessweek, Factiva, International Energy Agency, and BP Statistical Review of World Energy, to identify and collect valuable information for a technical, market-oriented, and commercial study of the global onshore wind market. The other secondary sources included companies' annual reports, press releases, and investor presentations; white papers; certified publications; articles by recognized authors; manufacturer associations; trade directories; and databases.
Primary Research
The onshore wind market comprises stakeholders across the value chain, including onshore wind turbine manufacturers, component suppliers, onshore cable manufacturers, onshore substation providers, EPC contractors, project developers, utilities, transmission system operators, engineering consultants, digital technology providers, and operations & maintenance service providers. On the demand side, the market is driven by the increasing deployment of onshore wind projects across key regions, including Europe, Asia Pacific, and North America, supported by growing investments from utilities, independent power producers (IPPs), governments, and industrial energy consumers seeking large-scale renewable energy solutions. On the supply side, turbine manufacturers, foundation suppliers, electrical infrastructure providers, and onshore service companies are benefiting from increasing project awards, long-term supply agreements, and investments in onshore renewable energy infrastructure. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The following is the breakdown of primary respondents:
Note: Others include sales managers, engineers, and regional managers.
The tiers of the companies are defined by their total revenue as of 2024: Tier 1: > USD 1 billion; Tier 2: USD 500 million–1 billion; and Tier 3: < USD 500 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were employed to estimate and validate the size of the onshore wind market and its dependent submarkets. The key players in the market were identified through secondary research, and their market share in the respective regions was determined through a combination of primary and secondary research. The research methodology involves analyzing the annual and financial reports of leading market players and conducting interviews with industry experts, including chief executive officers, vice presidents, directors, sales managers, and marketing executives, to gather key quantitative and qualitative insights into the onshore wind market.
Data Triangulation
After determining the overall market size through the estimation process explained above, the total market has been divided into several segments and subsegments. To complete the overall market engineering process and obtain exact statistics for all segments and subsegments, data triangulation and market breakdown have been employed where applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market has been validated using both top-down and bottom-up approaches.
Market Definition
The onshore wind market encompasses the development, manufacturing, and installation of land-based wind energy systems that generate electricity from wind. It includes key components such as wind turbines, nacelles, rotors and blades, towers, and supporting electrical infrastructure, including wires and cables, substations, and related balance-of-plant equipment. The market covers turbine capacity segments ranging from up to 2 MW to above 5 MW and serves utility-scale, commercial, industrial, and government-backed renewable energy projects. Market growth is driven by decarbonization initiatives, favorable regulatory policies, technological advancements in turbine design, declining electricity generation costs, and increasing investments in sustainable and energy-secure power infrastructure.
Key Stakeholders
- Project Developers & Owners
- Turbine Manufacturers
- EPC Contractors & Marine Engineering Firms
- Mooring, Anchoring, & Subsea System Providers
- Electrical Infrastructure & Grid Connection Providers
- Governments & Regulatory Authorities
- Investors & Financial Institutions
- Research Institutions & Certification Bodies
- Energy Associations
- Environmental Associations
- Energy Efficiency Consultants
Report Objectives
- To describe and forecast the onshore wind market, by turbine rating and component, in terms of value
- To describe and forecast the onshore wind market for various segments with respect to five main regions: North America, Europe, Asia Pacific, South America, and Middle East & Africa, along with their country-level analysis, in terms of value
- To provide detailed information regarding the major drivers, restraints, opportunities, and challenges influencing the growth of the onshore wind market
- To analyze market opportunities for stakeholders and provide a detailed competitive landscape for market leaders
- To strategically analyze micromarkets about individual growth trends, prospects, and contributions to the total market
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
- To provide a detailed overview of the unmet needs and white spaces, interconnected markets and cross-sector opportunities, strategic moves by tier-1/2/3 players, onshore wind market value chain analysis, ecosystem analysis, key conferences and events, key stakeholders and buying criteria, patent analysis, trends/disruptions impacting customer business, trade analysis, tariff analysis, investment and funding scenario, technology analysis, technology/product roadmap, case study analysis, regulations, future applications, macroeconomic outlook, pricing analysis, Porter’s five forces analysis, sustainability initiatives, adoption barriers and internal challenges, market profitability, impact of regulatory policies on sustainability initiatives, certifications, labeling and eco-standards, decision making process, impact of gen AI, and the 2024 US tariff impact
- To analyze competitive developments, such as agreements, product launches, expansions, contracts, investments, partnerships, collaborations, announcements, and acquisitions in the market
Available customizations:
MarketsandMarkets offers customizations tailored to the specific needs of companies using the given market data.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of the onshore wind systems, by country
Company Information
- Detailed analysis and profiling of additional market players (up to five)
Get the Full Onshore Wind Market Report
Full forecast, segment splits, and company analysis for all Onshore Wind Market.
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- US Onshore Wind Market
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- UK Onshore Wind Market
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- Sweden Onshore Wind Market
- Saudi Arabia Onshore Wind Market
- South Africa Onshore Wind Market
- Brazil Onshore Wind Market
- Rest Of Europe Onshore Wind Market
- Rest Of Asia Pacific Onshore Wind Market
- Rest Of South America Onshore Wind Market
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