The global wind power installation market size was valued at US$ 1124.56 billion in 2022 and is projected to reach US$ 268.7275.9 billion by 2030. The wind power installation market is estimated to record a CAGR of 911.6% from 2022 to 2030.

The wind power installation industry plays a pivotal role in the global energy landscape, contributing significantly to the generation of clean and renewable electricity. Wind power, derived from the kinetic energy of wind, has been harnessed for more than a century, and modern wind power projects have evolved to become highly efficient and environmentally friendly sources of power.

One of the key advantages of wind power is its sustainability and low environmental impact compared to fossil fuel-based energy sources. Wind power plants can be categorized into various types, including onshore and offshore wind power plants. The onshore segment accounted for the largest wind power installation market share owing to its cheapness, which will is further projected to fuel drive the market for the segment's growth over the coming years. Moreover, the offshore segment is projected to grow at a faster pace during the forecast period. As per the European Wind Energy Association, the United KingdomUK has the highest installed capacity in Europe, with a total of 44% of all offshore wind energy installations (in MW). It is followed by Germany (34%), Denmark (7%), Belgium (6.4%), and Holland (6%). Thus, the increasing deployment of offshore wind farms is propelling the growth ofexpected to bring the new wind power installation market trends over the coming years.

However, the wind energy plant majorly comprises large metal components such as towers, nacelles, and rotor blades that account for around ~80% of the cost of a typical turbine. The initial installation cost of offshore wind turbines, which includes multiple mooring lines and anchors, can be expensive. The availability of land for the installation of wind power turbines is restricted by numerous factors, such as technical, social, economic, and environmental factors. Hence, favorable land for installing the wind power plant is costlier and involves various regulatory compliances, which adds to the installation cost of the plant. The high cost of components adds to the capital cost of the wind power plant, which is expected to. Hence, high capital costs restraint the wind power installation market growth over the coming years.

The floating wind technology is the offshore wind turbine mounted on a floating structure that allows the turbine to generate electricity in water depths. The floating wind technology is highly efficient in harsh environmental conditions and thus capable of producing huge amounts of power. This floating wind technology is globally adopted across various countries such as China, Germany, Japan, the UK, France, Belgium, and Denmark. The growth prospects in the adoption of floating wind technology are primarily attributed to an increase in advancement in technology, associated advantages, and turnkey solutions provided by various service providers. TThe The growing awareness of various countries' efforts to achieve clean energy targets also is propellingpropel the demand for floating offshore wind power, which is posing a potential opportunity for thepositively influencing the growth of the wind power installation market.

The Floating Offshore Wind Centre of Excellence report has identified 22 countries that are most ready to become major players in the nascent renewable energy technology. In January 2022, The UK government announced 11 successful projects that will each be awarded up to US$ 959.23 million as it puts forward US$ 2.97 billion to boost the renewable energy generated in the UK. In addition, in April 2022, Technip Energies was selected by Equinor to perform a front-end engineering design (FEED) for the offshore floating wind Firefly project, which is located on the East Coast of South Korea.

Asia Pacific is the leading region in the wind power installation market owing to favorable government policies, increasing investment in wind energy projects, and the reduced cost of wind energy, which led to increased adoption of wind energy. Countries such as China, India, and Japan are the dominating countries holding a large portion of the wind power installation market share, which is expected to increase in the coming years. China dominated the wind power installation market and remained the largest onshore market with 21.2 GW of new capacity additions. The supportive government policies and incentives made China a favorable hotspot for investment, and therefore, the wind power installation market is expected to flourish in the coming years. As per the Global Wind Energy Council (GWEC) report, Asia Pacific is set to become a leader in offshore wind, with its share in the global offshore wind market expected to grow from 24% in 2019 to 42% by 2025. The GWEC report had expected the global wind energy sector to grow significantly from 2022 to 2025, with a CAGR of 3.5% and annual added capacity to reach 110.6 GW by 2025.

The global wind power installation market report is segmented based onon the basis of deployment type, end- user, and geography. Based on deployment type, the wind power installation market is segmented bifurcated into onshore and offshore. In terms of end- userspower capacity, the wind power installation market analysis is segmented into residential, commercial, and industrialless than 10 MW and above 10 MW. In terms of geography, the global wind power installation market report is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

Siemens Gamesa Renewable Energy SA, General Electric, Mitsubishi Heavy Industries, Vestas Wind Systems, Senvion SA, Wind World Limited, Indowind, DNV GL, Goldwind, and Bergey Wind Power are among the key players that are profiled in this the wind power installation market analysisreport.

The overall wind power installation market forecast has has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the wind power installation market size. The process also helps obtain an overview and wind power installation market forecast with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the wind power installation market, to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the wind power installation market.