South America Onshore Wind Market (2026-2031)
The South America Onshore Wind Market was valued at $6409.5 Million in 2026 and projected to reach to $17190 Million by 2031, representing a compound annual growth rate of 11.6%. South America's onshore wind market is poised for accelerated growth through 2031, driven by continent-wide commitments to decarbonization, improving grid infrastructure, and declining turbine costs.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
South America Onshore Wind Market Trends and Insights
- This represents a compound annual growth rate of 11.6%, outpacing global average growth and reflecting South America's strategic positioning in renewable energy development.
- South America's abundant wind resources, particularly in coastal and elevated regions, combined with supportive government policies and increasing energy demand, are driving substantial investment in onshore wind infrastructure. The forecast period from 2026 to 2031 will be critical for South America as the region capitalizes on its natural advantages and technological advancements in wind energy.
- South America is attracting major international developers and domestic players seeking to diversify energy portfolios away from hydroelectric dependence.
- The region's commitment to carbon neutrality targets and renewable energy mandates is accelerating capacity additions, with South America emerging as a key growth hub for onshore wind installations across Latin America..
Key Market Statistics
- CAGR (2026-2031) 11.6% CAGR
- Market Size, 2026 ~USD 6409.5 Million
- Forecast, 2031 ~USD 17190 Million
- Geography South America
South America Onshore Wind Market Overview
Strong Regional Growth Trajectory :
South America's onshore wind market is expanding at 11.6% CAGR, significantly outpacing the global average of 10.3%, driven by increasing renewable energy investments and favorable government policies across the region.
Substantial Market Valuation Growth :
The market is projected to grow from USD 6,409.5 million in 2026 to USD 17,190 million by 2031, representing a 168% increase over five years and demonstrating strong investor confidence in South American wind energy.
Abundant Wind Resource Potential :
South America possesses exceptional wind resources, particularly in coastal and elevated regions, positioning the continent as a prime destination for large-scale onshore wind farm development and long-term energy security.
Brazil's Market Leadership :
Brazil dominates South America's onshore wind sector with USD 10,950 million in market value, complemented by emerging opportunities in Argentina, Chile, and Uruguay, creating a diversified investment landscape.
South America Onshore Wind Market Dynamics
- Countries across the region are implementing supportive regulatory frameworks and renewable energy targets, attracting both domestic and international capital.
- Brazil's established wind industry provides a foundation for regional expansion, while emerging markets in Argentina and Chile present untapped growth opportunities. The region's competitive advantages—including abundant wind resources, lower development costs, and growing energy demand—position South America as a critical player in global renewable energy transition.
- Strategic partnerships, technological advancements, and increasing corporate renewable procurement will further accelerate market penetration, making South America an essential market for wind energy stakeholders through the forecast period..
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
- South America's onshore wind market will grow from USD 6,409.5M (2026) to USD 17,190M (2031) at an 11.6% CAGR, significantly outpacing global growth rates.
- South America possesses exceptional wind resources in Patagonia, coastal zones, and elevated plateaus, positioning the region as a premier destination for onshore wind development.
- South America is attracting substantial foreign direct investment and technology transfer from global wind energy leaders seeking to expand operations in high-growth markets.
- South America's renewable energy policies, carbon reduction commitments, and energy security concerns are accelerating onshore wind capacity additions and grid modernization initiatives.
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 America 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 granular South American market data to identify high-potential regions, assess competitive intensity, and plan pipeline development across multiple countries.
- Investment & Private Equity Firms : Investors require detailed market forecasts and country-level valuations to evaluate South American wind assets, structure deals, and allocate capital across the region's emerging opportunities.
- Equipment Manufacturers & Suppliers : Turbine manufacturers and component suppliers need market sizing by country to forecast demand, optimize supply chain positioning, and identify growth markets within South America.
- Utility Companies & Energy Operators : Utilities planning renewable energy portfolios require South American market intelligence to guide procurement strategies, capacity planning, and competitive positioning in the region.
- Policy Makers & Government Agencies : Government officials and regulatory bodies use market data to benchmark regional progress, design supportive policies, and align renewable energy targets with market realities across South America.
Countries within South America - compare and drill down
| Country | 2025 size (native) |
|---|---|
| Brazil | USD 10950 Million |
| Rest Of South America | USD 6240 Million |
Country market size visualization
Reasons to Buy this Report
- Regional Growth Outperformance : Gain insights into why South America's 11.6% CAGR exceeds global averages, enabling strategic positioning ahead of competitors in this high-growth renewable energy market.
- Country-Level Market Intelligence : Access detailed market sizing and forecasts for Brazil, Argentina, Chile, and other South American nations, identifying the most attractive investment and expansion opportunities within the region.
- Resource and Infrastructure Analysis : Understand South America's unique wind resource distribution, grid connectivity challenges, and infrastructure development roadmaps critical for project planning and feasibility assessments.
- Competitive Landscape Mapping : Identify key players, market consolidation trends, and competitive dynamics specific to South America's onshore wind sector to inform partnership and acquisition strategies.
- Regulatory and Policy Framework : Navigate country-specific renewable energy policies, incentive structures, and government targets across South America to optimize market entry and operational strategies.
Frequently asked questions
What is the projected market size for onshore wind in South America by 2031?
South America's onshore wind market is projected to reach USD 17,190 million by 2031, growing from USD 6,409.5 million in 2026.
What is the CAGR for South America's onshore wind market?
South America's onshore wind market is expected to grow at a compound annual growth rate of 11.6% between 2026 and 2031.
Which countries in South America are leading onshore wind development?
Argentina, Brazil, and Chile are the primary drivers of South America's onshore wind market, leveraging exceptional wind resources and supportive regulatory frameworks.
What factors are driving growth in South America's onshore wind sector?
South America's onshore wind growth is driven by abundant natural resources, renewable energy mandates, carbon reduction targets, energy security needs, and increasing foreign investment.
How does South America's onshore wind growth compare to global trends?
South America's 11.6% CAGR exceeds the global average of 10.3%, reflecting the region's strategic importance and accelerating energy transition initiatives.
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
- 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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