Australia Onshore Wind Market (2026-2031)
The Australia Onshore Wind Market was valued at $1956 Million in 2026 and projected to reach to $4500 Million by 2031, representing a compound annual growth rate of 9.7%. Australia's onshore wind market is positioned for transformative growth through 2031, driven by the nation's ambitious renewable energy targets and declining technology costs.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
Australia Onshore Wind Market Trends and Insights
- This expansion reflects Australia's commitment to renewable energy transition and increasing investment in wind infrastructure across the continent.
- Australia's favorable wind resources, particularly in coastal and inland regions, combined with supportive government policies, are driving capacity additions and technology deployment throughout the forecast period. The Australian onshore wind sector is experiencing accelerated development driven by declining technology costs, grid modernization initiatives, and corporate renewable energy commitments.
- Australia's market growth at 9.7% CAGR outpaces global average trends, underscoring the country's strategic importance in Asia Pacific's energy transition.
- Between 2026 and 2031, Australia is expected to see significant capital investment in new wind farms, supply chain development, and workforce expansion to support the projected market expansion..
Key Market Statistics
- CAGR (2026-2031) 9.7% CAGR
- Market Size, 2026 ~USD 1956 Million
- Forecast, 2031 ~USD 4500 Million
- Country Australia
Australia Onshore Wind Market Overview
Strong CAGR Growth :
Australia's onshore wind market is expected to grow at a CAGR of 9.7% from 2026 to 2031, outpacing many developed markets and reflecting strong policy support for renewable energy expansion.
Substantial Market Expansion :
Market valuation is projected to more than double from USD 1,956 million in 2026 to USD 4,500 million by 2031, driven by increasing renewable energy targets and grid modernization initiatives.
Favorable Wind Resources :
Australia possesses exceptional wind resources, particularly in coastal regions and inland areas, making it one of the world's most attractive markets for onshore wind development and investment.
Renewable Energy Commitment :
Australia's commitment to renewable energy transition, supported by government incentives and corporate sustainability goals, is accelerating onshore wind infrastructure development across multiple states.
Australia Onshore Wind Market Dynamics
- State-level policies, particularly in Victoria, New South Wales, and South Australia, are creating favorable conditions for wind farm development.
- The market benefits from Australia's world-class wind resources and increasing corporate renewable energy procurement commitments. Investment in grid infrastructure and energy storage solutions will further support market expansion.
- Challenges including land use considerations and transmission constraints are being addressed through strategic planning and technological innovation.
- The convergence of policy support, technological advancement, and investment capital positions Australia as a critical growth engine for the Asia-Pacific onshore wind sector..
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
- Australia's onshore wind market will more than double from USD 1,956M (2026) to USD 4,500M (2031), representing a 9.7% CAGR.
- Australia's wind market growth rate exceeds global average, positioning the country as a key renewable energy hub in Asia Pacific.
- Australia's abundant wind resources and supportive regulatory environment are attracting substantial domestic and international investment.
- Australia's market expansion will drive supply chain development, manufacturing capacity, and skilled workforce growth 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 |
Australia 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
- Energy & Utility Companies : Utility providers and energy companies need Australia-specific market data to develop renewable energy portfolios, plan capacity additions, and align with national decarbonization targets.
- Investment & Private Equity Firms : Investors require detailed market forecasts and growth projections for Australia to evaluate wind project opportunities, assess returns, and allocate capital to high-growth renewable energy assets.
- Wind Technology Manufacturers : Equipment suppliers and turbine manufacturers need market sizing data to understand demand trends, plan production capacity, and identify distribution opportunities across Australian regions.
- Project Developers & EPC Contractors : Wind farm developers and engineering firms require market intelligence to identify project pipelines, understand competitive dynamics, and plan strategic expansion in Australia's growing sector.
- Government & Policy Makers : Government agencies and policy officials need market analysis to inform renewable energy policy decisions, set realistic targets, and evaluate the effectiveness of incentive programs in Australia.
Reasons to Buy this Report
- Market Size & Growth Validation : Obtain precise market valuation data for Australia's onshore wind sector with detailed CAGR analysis, enabling accurate financial forecasting and investment decision-making for the 2026-2031 period.
- Regional Opportunity Assessment : Identify high-potential Australian states and regions for wind farm development, understanding geographic wind resource distribution and infrastructure readiness across the continent.
- Competitive Landscape Intelligence : Analyze key market players, technology providers, and project developers operating in Australia's onshore wind sector to benchmark competitive positioning and partnership opportunities.
- Policy & Regulatory Insights : Understand Australia's renewable energy policies, government incentives, and regulatory frameworks driving market growth, including state-level targets and grid connection requirements.
- Investment Risk Mitigation : Access comprehensive market data to evaluate investment risks, identify emerging trends, and make informed decisions about capital allocation in Australia's expanding wind energy market.
Frequently asked questions
What is the projected size of Australia's onshore wind market in 2031?
Australia's onshore wind market is forecast to reach USD 4,500 million by 2031, growing from USD 1,956 million in 2026.
What is the CAGR for Australia's onshore wind market?
Australia's onshore wind market is expected to grow at a compound annual growth rate of 9.7% between 2026 and 2031.
What factors are driving growth in Australia's onshore wind sector?
Australia's wind market growth is driven by declining technology costs, supportive government policies, grid modernization, abundant wind resources, and corporate renewable energy commitments.
How does Australia's wind market growth compare to global trends?
Australia's 9.7% CAGR exceeds the global onshore wind market CAGR of 10.3%, reflecting strong regional momentum and investment focus.
What regions in Australia have the strongest wind potential?
Australia's coastal and inland regions, particularly in South Australia, Victoria, and New South Wales, demonstrate the strongest wind resources for onshore development.
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
- 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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