Sweden Onshore Wind Market (2026-2031)
The Sweden Onshore Wind Market was valued at $2376 Million in 2026 and projected to reach to $4644 Million by 2031, representing a compound annual growth rate of CAGR 7.7%. Sweden's onshore wind market is poised for substantial growth through 2031, driven by the nation's ambitious renewable energy targets and favorable geographic conditions.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
Sweden Onshore Wind Market Trends and Insights
- Valued at USD 2,376 million in 2026, Sweden's market is expected to nearly double to USD 4,644 million by 2031, expanding at a compound annual growth rate of 7.7%.
- This growth trajectory reflects Sweden's commitment to decarbonization and its abundant wind resources across both onshore and offshore regions. Driven by supportive government policies, grid modernization investments, and increasing corporate renewable energy procurement, Sweden continues to strengthen its position as a leading wind energy market in Europe.
- Sweden's established infrastructure, skilled workforce, and favorable regulatory environment enable rapid deployment of onshore wind capacity.
- Between 2026 and 2031, Sweden is expected to see sustained investment in turbine technology upgrades and new wind farm development, supporting the nation's climate targets and energy security objectives..
Key Market Statistics
- CAGR (2026-2031) CAGR 7.7%
- Market Size, 2026 ~USD 2376 Million
- Forecast, 2031 ~USD 4644 Million
- Country Sweden
Sweden Onshore Wind Market Overview
Market Valuation Growth :
Sweden's onshore wind market is valued at USD 2,376 million in 2026 and is projected to reach USD 4,644 million by 2031, representing a near doubling of market size over the five-year forecast period.
Competitive CAGR Performance :
Expanding at a 7.7% CAGR through 2031, Sweden's onshore wind market demonstrates steady growth, though slightly below the global average of 10.3%, reflecting mature market dynamics and regulatory maturity.
Renewable Energy Leadership :
Sweden's abundant wind resources and strong commitment to decarbonization position the country as a critical hub for Northern Europe's renewable energy transition and climate goals.
Strategic Market Position :
As a Nordic leader in wind energy adoption, Sweden benefits from favorable wind conditions, established infrastructure, and supportive policies driving sustained investment in onshore wind capacity expansion.
Sweden Onshore Wind Market Dynamics
- The market's expansion from USD 2,376 million to USD 4,644 million reflects increasing investments in wind infrastructure and technological advancements in turbine efficiency.
- Sweden's mature regulatory framework and commitment to carbon neutrality create a stable environment for long-term project development. The 7.7% CAGR indicates consistent market momentum, supported by both government incentives and private sector participation.
- As Northern Europe accelerates its energy transition, Sweden's onshore wind sector will play an increasingly vital role in meeting regional electricity demand while reducing fossil fuel dependency.
- Continued technological innovation and grid modernization will further enhance market attractiveness for investors and developers..
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
- Sweden's onshore wind market will grow from USD 2,376M (2026) to USD 4,644M (2031) at a 7.7% CAGR.
- Sweden benefits from strong regulatory support and grid infrastructure enabling rapid wind capacity deployment.
- Sweden's abundant wind resources and skilled workforce position it as a leading Nordic renewable energy hub.
- Between 2026 and 2031, Sweden will see increased investment in turbine modernization and new wind farm projects.
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 |
Sweden 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 : Swedish and international utilities require detailed market data to plan capacity additions, assess competitive dynamics, and identify acquisition or partnership targets in Sweden's growing onshore wind sector.
- Investment & Private Equity Firms : PE investors and asset managers need Sweden-specific valuations and growth forecasts to evaluate wind farm portfolios, structure financing deals, and optimize returns in the Nordic renewable energy market.
- Wind Turbine Manufacturers : OEMs and equipment suppliers require market sizing data to forecast demand for turbines, plan manufacturing capacity, and develop localized sales strategies for the Swedish wind energy market.
- Project Developers & EPC Contractors : Wind project developers need market outlook data to identify pipeline opportunities, assess project viability, and secure financing for onshore wind installations across Sweden's regions.
- Government & Policy Makers : Swedish energy authorities and policymakers use market intelligence to validate renewable energy targets, design supportive regulations, and allocate resources for wind energy infrastructure development.
Reasons to Buy this Report
- Market Size & Growth Validation : Obtain precise valuation data for Sweden's onshore wind market with verified 2026 baseline (USD 2,376M) and 2031 forecast (USD 4,644M), enabling accurate financial planning and investment decisions.
- Competitive Intelligence : Benchmark Sweden's 7.7% CAGR against global performance (10.3%) to identify market maturity levels, competitive positioning, and growth acceleration opportunities within the Nordic region.
- Investment Opportunity Assessment : Evaluate the Swedish onshore wind market's expansion trajectory to identify optimal entry points, project development pipelines, and partnership opportunities with local stakeholders and developers.
- Regulatory & Policy Insights : Understand Sweden's decarbonization commitments and renewable energy policies that drive market growth, enabling strategic alignment with government incentives and long-term sustainability mandates.
- Regional Market Strategy : Leverage Sweden-specific data to develop targeted Northern European expansion strategies, recognizing Sweden's role as a renewable energy leader and gateway to broader Scandinavian markets.
Frequently asked questions
What is the projected size of Sweden's onshore wind market in 2031?
Sweden's onshore wind market is projected to reach USD 4,644 million by 2031, up from USD 2,376 million in 2026.
What is the CAGR for Sweden's onshore wind market from 2026 to 2031?
Sweden's onshore wind market is expected to grow at a compound annual growth rate of 7.7% between 2026 and 2031.
What factors are driving growth in Sweden's onshore wind sector?
Sweden's growth is driven by supportive government policies, grid modernization, corporate renewable procurement, and abundant wind resources.
How does Sweden's onshore wind market compare to other European markets?
Sweden is positioned as a leading Nordic wind energy market, leveraging established infrastructure, skilled workforce, and favorable regulatory conditions.
What investment trends are expected in Sweden's onshore wind market through 2031?
Sweden will see sustained investment in turbine technology upgrades, new wind farm development, and grid infrastructure modernization through 2031.
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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