Wind electricity market rockets to $304.47b by 2029

Clean energy investments are fuelling the expansion.

The wind electricity market is projected to reach $304.47b in 2029, growing at a compound annual growth rate of 10.0%.

“This expansion over the forecast period can be tied to factors such as grid flexibility, energy storage, the worldwide transition to different energy sources, and demand from the public and corporations,” said The Business Research Company (TBRC) in a new analysis.

The market is expected to reach $208.25b in 2025 from $189.26b in 2024, thanks to factors such as government incentives, grid integration, cost cuts, and environmental worries have contributed to this growth during the historical period.

In 2024, the Asia-Pacific held the highest share in the wind electricity market, closely followed by Western Europe.

Key trends influencing the projected growth include technological advancements, increased capacity, offshore wind operations, larger turbine use, hybrid systems, corporate power purchase agreements, floating wind farms, and diversification of the market.