- Wind power, a cornerstone of renewable energy, is increasingly vital for meeting global energy demands due to its scalability, cost-effectiveness, and minimal environmental impact compared to fossil fuels
- The market is propelled by growing investments in renewable energy infrastructure, advancements in turbine technology, and the expansion of offshore wind farms, which offer higher energy yields
- Asia-Pacific dominated the wind power market with the largest revenue share of 42.5% in 2024, driven by extensive wind energy projects in China and India, supportive government incentives, and rapid industrialization
- North America is expected to be the fastest-growing region during the forecast period, fueled by increasing investments in offshore wind projects, particularly in the U.S., and favorable regulatory frameworks promoting renewable energy adoption
- The >12 MW segment dominated the largest market revenue share of 28.5% in 2024, driven by the increasing demand for high-capacity turbines, particularly in offshore wind farms, which maximize energy output and improve project economics
