India Onshore Wind Market (2026-2031)
The India Onshore Wind Market was valued at $5880 Million in 2026 and projected to reach to $20100 Million by 2031, representing a compound annual growth rate of 14.6%. India's onshore wind market is positioned for exceptional growth, with a 14.6% CAGR significantly outpacing the global average of 10.3%.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
India Onshore Wind Market Trends and Insights
- India's commitment to renewable energy targets and favorable government policies are driving significant investment in wind infrastructure across the country.
- The market growth reflects India's strategic shift toward sustainable energy generation and its position as a leading renewable energy producer in Asia Pacific..
Key Market Statistics
- CAGR (2026-2031) 14.6% CAGR
- Market Size, 2026 ~USD 5880 Million
- Forecast, 2031 ~USD 20100 Million
- Country India
India Onshore Wind Market Overview
Rapid Market Expansion :
India's onshore wind market is projected to grow from USD 5,880 million in 2026 to USD 20,100 million by 2031, driven by aggressive renewable energy targets and increasing capacity additions across states.
Government Policy Support :
India's commitment to achieving 500 GW of renewable energy capacity by 2030 and favorable policies including production-linked incentives and renewable purchase obligations are accelerating wind energy adoption.
Regional Wind Potential :
States like Tamil Nadu, Gujarat, Rajasthan, and Maharashtra possess exceptional wind resources, attracting major domestic and international wind turbine manufacturers and developers to establish operations in India.
Investment Momentum :
Significant capital inflows from institutional investors, development finance institutions, and corporate power purchase agreements are fueling infrastructure development and technology upgrades in India's wind sector.
India Onshore Wind Market Dynamics
- This acceleration is underpinned by India's strategic renewable energy roadmap, supportive regulatory framework, and the need to meet rising electricity demand sustainably.
- State-level wind energy policies and competitive bidding processes are driving down costs and attracting both established and emerging players. The forecast period through 2031 will witness substantial capacity additions, technological advancements in turbine efficiency, and expansion into new wind-rich regions.
- Supply chain localization, manufacturing capabilities, and grid infrastructure improvements will further strengthen India's position as a global wind energy hub, creating opportunities across the entire value chain from development to operations and maintenance..
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
- India's onshore wind market will grow from USD 5,880M in 2026 to USD 20,100M in 2031 at a 14.6% CAGR.
- India's renewable energy policies and government incentives are primary catalysts for accelerated market expansion.
- India's geographic advantages and wind resource potential position the country as a key growth hub in Asia Pacific.
- India's onshore wind sector is attracting substantial domestic and international investment in turbine manufacturing and project development.
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 |
India 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 and EPC contractors need India market data to identify pipeline opportunities, assess regional viability, and plan capacity additions aligned with government targets and demand forecasts.
- Equipment Manufacturers : Turbine manufacturers and component suppliers require India-specific market intelligence to optimize production capacity, localize supply chains, and capture growing demand from competitive bidding processes.
- Financial Investors : Private equity, venture capital, and institutional investors need validated market forecasts and growth metrics for India to structure investment theses, evaluate portfolio companies, and assess risk-return profiles.
- Utility & Power Companies : Utilities and power generators need India market insights to plan renewable energy portfolios, meet renewable purchase obligations, and optimize power procurement strategies across regions.
- Government & Policy Bodies : Government agencies and regulatory bodies require market data to monitor progress toward renewable targets, design effective policies, and allocate resources for grid infrastructure and capacity development.
Reasons to Buy this Report
- Market Size & Growth Validation : Obtain precise market valuation for India's onshore wind sector with detailed CAGR analysis (14.6%) to support investment decisions, business planning, and competitive positioning strategies.
- India-Specific Opportunity Mapping : Access granular insights into India's wind market dynamics, regional capacity potential, and state-wise growth drivers to identify high-opportunity zones for project development and market entry.
- Policy & Regulatory Intelligence : Understand India's renewable energy targets, government incentives, and regulatory frameworks shaping the market landscape to navigate compliance requirements and capitalize on policy-driven growth.
- Competitive Landscape Analysis : Benchmark against India-focused market trends, identify key players, and assess supply chain opportunities to develop effective go-to-market strategies and partnership approaches.
- Investment & Forecast Confidence : Leverage India-specific projections through 2031 to validate financial models, secure stakeholder buy-in, and make data-driven decisions on capital allocation and resource planning.
Frequently asked questions
What is the projected size of India's onshore wind market in 2031?
India's onshore wind market is forecast to reach USD 20,100 million by 2031, growing from USD 5,880 million in 2026.
What is the CAGR for India's onshore wind market?
India's onshore wind market is expected to grow at a compound annual growth rate of 14.6% between 2026 and 2031.
What factors are driving growth in India's onshore wind market?
India's growth is driven by renewable energy targets, government subsidies, favorable wind resources, and increasing energy demand across the country.
How does India's onshore wind market compare to other Asia Pacific countries?
India is among the leading onshore wind markets in Asia Pacific, with strong policy support and significant investment potential compared to regional peers.
What is the market value of India's onshore wind sector in 2026?
India's onshore wind market is valued at USD 5,880 million in the base year 2026.
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.
- China Onshore Wind Market
- Australia Onshore Wind Market
- Vietnam Onshore Wind Market
- Canada Onshore Wind Market
- US Onshore Wind Market
- Germany Onshore Wind Market
- UK Onshore Wind Market
- Spain Onshore Wind Market
- France Onshore Wind Market
- Italy Onshore Wind Market
- 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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