South Africa Onshore Wind Market (2026-2031)
The South Africa Onshore Wind Market was valued at $902.4 Million in 2026 and projected to reach to $6368 Million by 2031, representing a compound annual growth rate of 24.2%. South Africa's onshore wind market is poised for transformative growth over the next five years, driven by urgent energy security needs and supportive government policies.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
South Africa Onshore Wind Market Trends and Insights
- This represents a compound annual growth rate of 24.2%, significantly outpacing global market expansion.
- South Africa's renewable energy transition, driven by energy security concerns and government policy support, positions the country as a critical hub for wind energy development in the Middle East Africa region. The onshore wind sector in South Africa is benefiting from declining technology costs, improved grid infrastructure, and increasing private sector investment.
- Between 2026 and 2031, South Africa is expected to see substantial capacity additions as utilities and independent power producers accelerate project deployment.
- South Africa's abundant wind resources, particularly in coastal and high-altitude regions, combined with competitive manufacturing capabilities, create a favorable environment for sustained market growth. South Africa's strategic importance in Africa's energy landscape underscores the market's potential to attract international developers and investors.
- The country's commitment to renewable energy targets and regulatory frameworks supporting wind power deployment will continue to drive market expansion through 2031..
Key Market Statistics
- CAGR (2026-2031) 24.2% CAGR
- Market Size, 2026 ~USD 902.4 Million
- Forecast, 2031 ~USD 6368 Million
- Country South Africa
South Africa Onshore Wind Market Overview
Exceptional Growth Trajectory :
South Africa's onshore wind market is projected to grow from $902.4 million in 2026 to $6,368 million by 2031, representing a 24.2% CAGR—more than double the global growth rate of 10.3%.
Energy Security Driver :
Chronic electricity shortages and load shedding have accelerated South Africa's shift toward renewable energy, making onshore wind a critical component of the country's energy independence strategy.
Government Policy Support :
South Africa's Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) and updated Integrated Resource Plan (IRP 2019) provide regulatory frameworks and incentives for wind energy development.
Strategic Geographic Advantage :
South Africa's coastal regions and high-altitude areas offer exceptional wind resources, positioning the country as a regional leader in onshore wind capacity and attracting significant international investment.
South Africa Onshore Wind Market Dynamics
- The country's transition away from coal-dependent power generation creates substantial opportunities for wind energy developers and investors.
- With a 24.2% CAGR significantly outpacing global trends, South Africa is establishing itself as a critical renewable energy hub in Africa. The market expansion will be supported by improving grid infrastructure, declining turbine costs, and increasing private sector participation through competitive bidding processes.
- As South Africa continues to address its electricity crisis, onshore wind projects will play an essential role in meeting growing demand while reducing carbon emissions and creating employment opportunities across manufacturing, installation, and maintenance sectors..
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
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- 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
- South Africa's onshore wind market will grow from $902.4M (2026) to $6,368M (2031) at a 24.2% CAGR, outpacing global growth rates.
- South Africa's abundant wind resources and declining technology costs are driving accelerated capacity deployment and private sector investment.
- South Africa's renewable energy policy framework and energy security priorities create a favorable regulatory environment for wind power expansion.
- South Africa is positioned as a regional leader in onshore wind development, attracting international developers and supporting African energy transition goals.
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 |
South Africa 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
- Renewable Energy Developers : Need detailed market sizing and growth projections to evaluate project feasibility, secure financing, and plan capacity expansion across South Africa's wind-rich regions.
- Investment & Private Equity Firms : Require comprehensive market analysis and financial forecasts to identify attractive investment opportunities and assess portfolio diversification in South Africa's high-growth renewable sector.
- Government & Policy Makers : Utilize market intelligence to inform energy policy decisions, REIPPPP program refinements, and infrastructure planning to support South Africa's renewable energy transition goals.
- Equipment Manufacturers & Suppliers : Need market demand forecasts and competitive insights to plan manufacturing capacity, supply chain investments, and market penetration strategies in South Africa.
- Utility Companies & Grid Operators : Require market projections and integration data to plan grid infrastructure upgrades, manage renewable energy integration, and optimize power generation portfolios.
Reasons to Buy this Report
- Market Size & Growth Validation : Obtain precise market valuation data for South Africa's onshore wind sector with detailed CAGR analysis, enabling accurate investment decisions and competitive positioning in this high-growth market.
- Policy & Regulatory Intelligence : Access comprehensive insights into South Africa's REIPPPP framework, IRP 2019 updates, and government incentives that directly impact project viability and investment returns.
- Competitive Landscape Analysis : Understand key market players, project pipelines, and competitive dynamics specific to South Africa's wind sector to identify partnership and acquisition opportunities.
- Risk Assessment & Mitigation : Evaluate country-specific risks including grid infrastructure challenges, regulatory changes, and supply chain considerations to develop robust market entry and expansion strategies.
- Investment Opportunity Identification : Leverage detailed market forecasts and segment analysis to identify high-potential investment windows and optimal entry points in South Africa's rapidly expanding wind energy market.
Frequently asked questions
What is the projected market size for South Africa's onshore wind sector by 2031?
South Africa's onshore wind market is projected to reach $6,368 million by 2031, growing from $902.4 million in 2026.
What is the CAGR for South Africa's onshore wind market from 2026 to 2031?
South Africa's onshore wind market is expected to grow at a compound annual growth rate of 24.2% between 2026 and 2031.
What factors are driving growth in South Africa's onshore wind market?
South Africa's onshore wind market growth is driven by energy security concerns, government renewable energy policies, declining technology costs, improved grid infrastructure, and abundant wind resources in coastal and high-altitude regions.
How does South Africa's onshore wind market compare to global growth rates?
South Africa's onshore wind market CAGR of 24.2% significantly exceeds the global market CAGR of 10.3%, positioning South Africa as a high-growth market within the Middle East Africa region.
What role does South Africa play in Africa's renewable energy transition?
South Africa is positioned as a strategic hub for onshore wind development in Africa, leveraging its wind resources, manufacturing capabilities, and policy support to attract international investment and support continental energy transition goals.
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
- India 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
- 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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