Global Onshore Wind Turbine Market: A Report on Growth, Trends, and Contribution to Sustainable Development Goals

The global onshore wind turbine market is experiencing significant growth, driven by the worldwide imperative to transition towards renewable energy sources. This expansion is a critical component in achieving several United Nations Sustainable Development Goals (SDGs), particularly those related to energy, climate, and infrastructure.

Market Size and Projections

The market demonstrated a strong valuation in 2022 and is projected for continued expansion, reflecting a global commitment to sustainable energy infrastructure.

• 2022 Market Value: US$ 51.9 billion
• 2030 Projected Value: US$ 72.6 billion
• Compound Annual Growth Rate (CAGR) for 2024-2031: 4.9%

This growth trajectory underscores the increasing investment in technologies that support SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action).

Contribution to Sustainable Development Goals (SDGs)

The onshore wind turbine market is intrinsically linked to the advancement of global sustainability targets. Onshore wind systems, which are installed on land to convert wind’s kinetic energy into electricity, are more cost-effective and easier to maintain than offshore alternatives, making them pivotal for sustainable development.

Key SDG Contributions:

• SDG 7: Affordable and Clean Energy: By generating electricity without emissions, onshore wind turbines increase the share of renewable energy in the global mix, helping to ensure universal access to affordable, reliable, and modern energy services.
• SDG 13: Climate Action: As a zero-carbon power source, wind energy is fundamental to mitigating climate change. The expansion of the onshore wind market directly contributes to reducing greenhouse gas emissions and strengthening resilience to climate-related hazards.
• SDG 9: Industry, Innovation, and Infrastructure: The development of larger and more efficient turbines represents significant technological innovation. The manufacturing and installation of these systems build resilient and sustainable infrastructure, fostering economic growth and job creation.

Market Segmentation Analysis

The market is segmented based on several technical and operational parameters, allowing for targeted applications that align with specific energy needs and sustainability objectives.

By Capacity:

• Less than 1MW
• 1MW to 3MW
• More than 3MW

By Axis:

• Horizontal Axis
• Vertical Axis

By Size:

• Small Scale
• Medium Scale
• Large Scale

By Technology:

• Electrically Excited Synchronous Generator
• Permanent Magnet Synchronous Generator

Competitive Landscape and Strategic Developments

The market is characterized by the presence of several major international corporations driving innovation and expanding global capacity. Their strategies are increasingly aligned with national and international climate commitments.

Key Industry Players:

• Vestas Wind Systems
• Siemens Gamesa Renewable Energy
• GE Renewable Energy
• Goldwind
• Nordex Group
• Enercon GmbH
• Suzlon Energy Ltd.
• Envision Energy
• Senvion GmbH
• Ming Yang Smart Energy Group

Recent Developments:

A notable development underscoring the industry’s contribution to SDG 9 and SDG 7 occurred in August 2023. The Adani Group announced the development of a 5.2 MW wind turbine in Mundra, Gujarat. Set to be India’s largest turbine, this project utilizes advanced technology from Germany-based W2E Wind to Energy GmbH and signifies a major advancement in building national capacity for clean energy generation.

Regional Outlook

Market analysis covers key economic regions, each contributing to the global effort to adopt renewable energy technologies in line with their commitments to the Paris Agreement and the SDGs.

• North America (U.S., Canada, Mexico)
• Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands)
• Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia)
• South America (Colombia, Brazil, Argentina)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa)

SDGs Addressed in the Article

SDG 7: Affordable and Clean Energy

• The article is centered on the Onshore Wind Turbine Market. Wind turbines are a primary technology for generating clean and renewable energy. The text explicitly describes them as a “cost-effective solution for renewable energy generation,” directly aligning with the goal of providing affordable and clean energy.

SDG 9: Industry, Innovation, and Infrastructure

• The report details the industrial landscape of wind energy, mentioning key players like Vestas and GE Renewable Energy. It highlights innovation through “technological advancements” and specific developments, such as the Adani Group’s new “5.2 MW wind turbine,” which is described as one of the “largest onshore wind turbines globally.” This focus on industrial growth and technological upgrades connects directly to SDG 9.

SDG 8: Decent Work and Economic Growth

• The article provides detailed financial data on the market, stating it “reached US$ 51.9 billion in 2022 and is expected to reach US$ 72.6 billion by 2030, growing with a CAGR of 4.9%.” This substantial market growth is a direct contributor to global economic growth, a core component of SDG 8.

SDG 13: Climate Action

• Although not explicitly named, SDG 13 is inherently linked. Wind energy is a cornerstone of climate change mitigation strategies, as it replaces fossil fuel-based power generation. The growth of the onshore wind turbine market, as detailed in the article, is a critical action for combating climate change and its impacts.

SDG 17: Partnerships for the Goals

• The article provides a clear example of international partnership. It states that the “advanced technology powering the turbine [in India] has been sourced from Germany-based W2E Wind to Energy GmbH.” This collaboration between an Indian company and a German technology provider exemplifies the technology transfer and global partnerships needed to achieve sustainable development.

Specific Targets Identified

Targets for SDG 7

• Target 7.2: By 2030, increase substantially the share of renewable energy in the global energy mix. The article’s entire focus on the growth of the wind turbine market directly supports the expansion of renewable energy capacity.
• Target 7.a: By 2030, enhance international cooperation to facilitate access to clean energy research and technology… and promote investment in energy infrastructure and clean energy technology. The mention of the Adani Group in India sourcing technology from a German firm is a direct example of this target in action.

Targets for SDG 9

• Target 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable… with greater adoption of clean and environmentally sound technologies. The article discusses the market for wind turbines, which are a clean and environmentally sound technology being adopted by the energy industry.
• Target 9.5: Enhance scientific research, upgrade the technological capabilities of industrial sectors in all countries, in particular developing countries. The development of India’s largest wind turbine using foreign technology is a clear illustration of upgrading technological capabilities in a developing country.

Targets for SDG 8

• Target 8.2: Achieve higher levels of economic productivity through diversification, technological upgrading and innovation. The market’s growth, driven by “advanced technology” and new, larger turbines, reflects progress toward this target.

Targets for SDG 13

• Target 13.2: Integrate climate change measures into national policies, strategies and planning. The growth of the renewable energy market is a direct outcome of such policies and a key method for achieving climate goals.

Targets for SDG 17

• Target 17.7: Promote the development, transfer, dissemination and diffusion of environmentally sound technologies to developing countries. The German-Indian partnership on wind turbine technology is a specific instance of this target being met.

Indicators for Measuring Progress

Indicators for SDG 7 Targets

• Market Size: The value of the market, “US$ 51.9 billion in 2022,” and its forecast, “US$ 72.6 billion by 2030,” serve as a proxy indicator for investment in and production of clean energy infrastructure.
• Market Growth Rate: The “CAGR of 4.9%” indicates the rate of expansion of renewable energy technology adoption.
• Turbine Capacity: The segmentation by capacity (“Less than 1MW, 1MW to 3MW and More than 3MW”) is an indicator of the scale and power of new renewable energy installations.

Indicators for SDG 9 and SDG 8 Targets

• Technological Advancement: The development of a new “5.2 MW wind turbine” is a specific, measurable indicator of technological innovation and upgrading.
• Market Value and Growth: The financial figures (market size and CAGR) are direct indicators of economic growth within a key sustainable industry.

Indicators for SDG 17 Target

• International Technology Transfer: The specific case of the “Adani Group” sourcing technology from “Germany-based W2E Wind to Energy GmbH” is a qualitative and direct indicator of an international partnership for sustainable technology.

Summary of SDGs, Targets, and Indicators

Source: openpr.com