Wind turbines market to reach 934.6GW by 2030, forecasts GlobalData

Core Insights - The global wind energy market is entering its strongest growth phase, driven by national decarbonisation targets, energy security needs, and long-term industrial strategies, with aggregate installations expected to reach 934.6 GW by 2030 [3] Market Overview - The report provides a comprehensive analysis of the wind turbine market value and capacity for historical (2020–2024) and forecast (2025–2030) periods, including country-wise drivers and restraints [1][2] - Key policies and regulations, market share for 2024, and major upcoming projects and contracts for each country are detailed [2] Regional Analysis - The Asia-Pacific (APAC) region leads the global wind turbine market, accounting for the largest share of annual installations, driven by China's extensive development, India's growing manufacturing, and emerging projects in Japan and Australia [4] - Europe, the Middle East, and Africa (EMEA) represent the second-largest market, with Europe benefiting from binding climate mandates and a strong offshore wind trajectory [5] - The Americas rank as the third-largest market, with the US leading due to the Inflation Reduction Act stimulating clean energy manufacturing and offshore wind supply chain development [5][7] - The Middle East and North Africa are advancing utility-scale renewable energy projects through government-backed initiatives, while Sub-Saharan Africa is gradually unlocking wind projects with international financing [6]