
Asia Pacific Wind Turbine Market Size, Share, Trends, Industry Analysis Report By Axis (Vertical, Horizontal), By Installation, By Components, By Application, By Capacity, By Connectivity, By Rating, By Country – Market Forecast, 2025–2034
Description
The Asia Pacific Wind Turbine Asia Pacific Wind Turbine market size is expected to reach USD 81.24 billion by 2034, according to a new study by Polaris Market Research. The report “Asia Pacific Wind Turbine Market Share, Size, Trends, Industry Analysis Report By Axis (Vertical, Horizontal), By Installation, By Components, By Application, By Capacity, By Connectivity, By Rating, By Country; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
A wind turbine is a renewable energy device that harnesses wind flow to produce clean electricity by converting mechanical energy into electrical energy. The Asia Pacific wind turbine market is shaped by the increasing integration of smart technologies designed to optimize turbine performance and operational efficiency. This trend aligns with the definition of wind turbines as next-generation energy systems, where digital solutions such as AI-based monitoring, predictive maintenance, and real-time performance analytics are being incorporated to reduce downtime and improve output. As a result, wind turbines are evolving from passive energy generators into intelligent, adaptive infrastructure capable of self-optimization in inconsistent wind conditions.
The market is driven by the development of larger, high-capacity turbine models designed to maximize energy yield and lower the levelized cost of electricity (LCOE). These advanced designs feature extended rotor diameters, taller towers, and lightweight materials, allowing for greater energy capture even in moderate wind environments. The shift toward larger turbines reflect the industry’s focus on scalability and cost competitiveness, enabling project developers to meet growing energy demands while optimizing the use of land or offshore space. Together, these trends are driving the next phase of innovation and efficiency in wind energy deployment.
Asia Pacific Wind Turbine Report Highlights
In terms of axis, the horizontal segment held the largest revenue share in 2024, due to its higher efficiency, scalability, and extensive adoption in utility-scale wind projects.
Based on installation, the offshore segment is poised for significant expansion in Asia Pacific, fueled by rising investments in large renewable projects and access to stronger, more reliable offshore wind resources.
The China wind turbine market is growing steadily, driven by massive wind power deployments and sustained investments in renewable energy infrastructure.
A few key market players include CSSC Haizhuang, Dongfang Electric, Envision Group, GE Vernova, Goldwind, ReGen Powertech, Shanghai Electric, Siemens Gamesa, Suzlon Energy, and TECO Corporation.
Polaris Market Research has segmented the market report on the basis of axis, installation, components, application, capacity, connectivity, rating, and country:
By Axis Outlook (Revenue, USD Billion, 2020–2034)
Vertical
Horizontal
By Installation Outlook (Revenue, USD Billion, 2020–2034)
Offshore
Onshore
By Components Outlook (Revenue, USD Billion, 2020–2034)
Rotator blade
Generator
Gearbox
Nacelle
By Application Outlook (Revenue, USD Billion, 2020–2034)
Residential
Utility
Industrial
Commercial
By Capacity Outlook (Revenue, USD Billion, 2020–2034)
Small
Medium
Large
By Connectivity Outlook (Revenue, USD Billion, 2020–2034)
Grid Connected
Stand Alone
By Rating Outlook (Revenue, USD Billion, 2020–2034)
< 100 kW
100 kW to 250 kW
> 250 kW to 500 kW
> 500 kW to 1 MW
1 MW to 2 MW
>2 MW
By Country Outlook (Revenue, USD Billion, 2020–2034)
China
India
Japan
South Korea
Indonesia
Malaysia
Vietnam
Australia
Rest of Asia Pacific
A wind turbine is a renewable energy device that harnesses wind flow to produce clean electricity by converting mechanical energy into electrical energy. The Asia Pacific wind turbine market is shaped by the increasing integration of smart technologies designed to optimize turbine performance and operational efficiency. This trend aligns with the definition of wind turbines as next-generation energy systems, where digital solutions such as AI-based monitoring, predictive maintenance, and real-time performance analytics are being incorporated to reduce downtime and improve output. As a result, wind turbines are evolving from passive energy generators into intelligent, adaptive infrastructure capable of self-optimization in inconsistent wind conditions.
The market is driven by the development of larger, high-capacity turbine models designed to maximize energy yield and lower the levelized cost of electricity (LCOE). These advanced designs feature extended rotor diameters, taller towers, and lightweight materials, allowing for greater energy capture even in moderate wind environments. The shift toward larger turbines reflect the industry’s focus on scalability and cost competitiveness, enabling project developers to meet growing energy demands while optimizing the use of land or offshore space. Together, these trends are driving the next phase of innovation and efficiency in wind energy deployment.
Asia Pacific Wind Turbine Report Highlights
In terms of axis, the horizontal segment held the largest revenue share in 2024, due to its higher efficiency, scalability, and extensive adoption in utility-scale wind projects.
Based on installation, the offshore segment is poised for significant expansion in Asia Pacific, fueled by rising investments in large renewable projects and access to stronger, more reliable offshore wind resources.
The China wind turbine market is growing steadily, driven by massive wind power deployments and sustained investments in renewable energy infrastructure.
A few key market players include CSSC Haizhuang, Dongfang Electric, Envision Group, GE Vernova, Goldwind, ReGen Powertech, Shanghai Electric, Siemens Gamesa, Suzlon Energy, and TECO Corporation.
Polaris Market Research has segmented the market report on the basis of axis, installation, components, application, capacity, connectivity, rating, and country:
By Axis Outlook (Revenue, USD Billion, 2020–2034)
Vertical
Horizontal
By Installation Outlook (Revenue, USD Billion, 2020–2034)
Offshore
Onshore
By Components Outlook (Revenue, USD Billion, 2020–2034)
Rotator blade
Generator
Gearbox
Nacelle
By Application Outlook (Revenue, USD Billion, 2020–2034)
Residential
Utility
Industrial
Commercial
By Capacity Outlook (Revenue, USD Billion, 2020–2034)
Small
Medium
Large
By Connectivity Outlook (Revenue, USD Billion, 2020–2034)
Grid Connected
Stand Alone
By Rating Outlook (Revenue, USD Billion, 2020–2034)
< 100 kW
100 kW to 250 kW
> 250 kW to 500 kW
> 500 kW to 1 MW
1 MW to 2 MW
>2 MW
By Country Outlook (Revenue, USD Billion, 2020–2034)
China
India
Japan
South Korea
Indonesia
Malaysia
Vietnam
Australia
Rest of Asia Pacific
Table of Contents
129 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. Asia Pacific Wind Turbine Market Insights
- 4.1. Asia Pacific Wind Turbine Market – Application Snapshot
- 4.2. Asia Pacific Wind Turbine Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Expansion of Offshore Wind
- 4.2.1.2. Government Support and Policy Incentives
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High installation and maintenance costs
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Asia Pacific Wind Turbine Market Application Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
- 5. Asia Pacific Wind Turbine Market, by Axis
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Asia Pacific Wind Turbine Market, by Axis, 2020-2034 (USD Billion)
- 5.3. Vertical
- 5.3.1. Asia Pacific Wind Turbine Market, by Vertical, by Country, 2020-2034 (USD Billion)
- 5.4. Horizontal
- 5.4.1. Asia Pacific Wind Turbine Market, by Horizontal, by Country, 2020-2034 (USD Billion)
- 6. Asia Pacific Wind Turbine Market, by Installation
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Asia Pacific Wind Turbine Market, by Installation, 2020-2034 (USD Billion)
- 6.3. Offshore
- 6.3.1. Asia Pacific Wind Turbine Market, by Offshore, by Country, 2020-2034 (USD Billion)
- 6.4. Onshore
- 6.4.1. Asia Pacific Wind Turbine Market, by Onshore, by Country, 2020-2034 (USD Billion)
- 7. Asia Pacific Wind Turbine Market, by Component
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 7.3. Rotator Blade
- 7.3.1. Asia Pacific Wind Turbine Market, by Rotator Blade, by Country, 2020-2034 (USD Billion)
- 7.4. Generator
- 7.4.1. Asia Pacific Wind Turbine Market, by Generator, by Country, 2020-2034 (USD Billion)
- 7.5. Gearbox
- 7.5.1. Asia Pacific Wind Turbine Market, by Gearbox, by Country, 2020-2034 (USD Billion)
- 7.6. Nacelle
- 7.6.1. Asia Pacific Wind Turbine Market, by Nacelle, by Country, 2020-2034 (USD Billion)
- 8. Asia Pacific Wind Turbine Market, by Application
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Asia Pacific Wind Turbine Market, by Application, 2020-2034 (USD Billion)
- 8.3. Residential
- 8.3.1. Asia Pacific Wind Turbine Market, by Residential, by Country, 2020-2034 (USD Billion)
- 8.4. Utility
- 8.4.1. Asia Pacific Wind Turbine Market, by Utility, by Country, 2020-2034 (USD Billion)
- 8.5. Paper & Printing
- 8.5.1. Asia Pacific Wind Turbine Market, by Paper & Printing, by Country, 2020-2034 (USD Billion)
- 9. Asia Pacific Wind Turbine Market, by Component
- 9.1. Key Findings
- 9.2. Introduction
- 9.2.1. Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 9.3. Small
- 9.3.1. Asia Pacific Wind Turbine Market, by Small, by Country, 2020-2034 (USD Billion)
- 9.4. Medium
- 9.4.1. Asia Pacific Wind Turbine Market, by Medium, by Country, 2020-2034 (USD Billion)
- 9.5. Large
- 9.5.1. Asia Pacific Wind Turbine Market, by Large, by Country, 2020-2034 (USD Billion)
- 10. Asia Pacific Wind Turbine Market, by Connectivity Grid
- 10.1. Key Findings
- 10.2. Introduction
- 10.2.1. Asia Pacific Wind Turbine Market, by Connectivity Grid, 2020-2034 (USD Billion)
- 10.3. Grid Connection
- 10.3.1. Asia Pacific Wind Turbine Market, by Grid Connection, by Country, 2020-2034 (USD Billion)
- 10.4. Stand Alone
- 10.4.1. Asia Pacific Wind Turbine Market, by Stand Alone, by Country, 2020-2034 (USD Billion)
- 11. Asia Pacific Wind Turbine Market, by Rating
- 11.1. Key Findings
- 11.2. Introduction
- 11.2.1. Asia Pacific Wind Turbine Market, by Rating, 2020-2034 (USD Billion)
- 11.3. < 100 kW
- 11.3.1. Asia Pacific Wind Turbine Market, by < 100 kW, by Country, 2020-2034 (USD Billion)
- 11.4. 100 kW to 250 kW
- 11.4.1. Asia Pacific Wind Turbine Market, by 100 kW to 250 kW, by Country, 2020-2034 (USD Billion)
- 11.5. > 250 kW to 500 kW
- 11.5.1. Asia Pacific Wind Turbine Market, by > 250 kW to 500 kW, by Country, 2020-2034 (USD Billion)
- 11.6. > 500 kW to 1 MW
- 11.6.1. Asia Pacific Wind Turbine Market, by > 500 kW to 1 MW, by Country, 2020-2034 (USD Billion)
- 11.7. 1 MW to 2 MW
- 11.7.1. Asia Pacific Wind Turbine Market, by 1 MW to 2 MW, by Country, 2020-2034 (USD Billion)
- 11.8. >2 MW
- 11.8.1. Asia Pacific Wind Turbine Market, by >2 MW, by Country, 2020-2034 (USD Billion)
- 12. Asia Pacific Wind Turbine Market, by Geography
- 12.1. Key Findings
- 12.2. Introduction
- 12.2.1. Asia Pacific Wind Turbine Market Assessment, By Geography, 2020-2034 (USD Billion)
- 12.3. Asia Pacific Wind Turbine Market – Asia Pacific
- 12.3.1. Asia Pacific: Asia Pacific Wind Turbine Market, by Axis, 2020-2034 (USD Billion)
- 12.3.2. Asia Pacific: Asia Pacific Wind Turbine Market, by Installation, 2020-2034 (USD Billion)
- 12.3.3. Asia Pacific: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.4. Asia Pacific: Asia Pacific Wind Turbine Market, by Application, 2020-2034 (USD Billion)
- 12.3.5. Asia Pacific: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.6. Asia Pacific: Asia Pacific Wind Turbine Market, by Connectivity Grid Navigation Technology, 2020-2034 (USD Billion)
- 12.3.7. Asia Pacific: Asia Pacific Wind Turbine Market, by Rating, 2020-2034 (USD Billion)
- 12.3.8. Asia Pacific Wind Turbine Market – China
- 12.3.8.1. China: Asia Pacific Wind Turbine Market, by Axis, 2020-2034 (USD Billion)
- 12.3.8.2. China: Asia Pacific Wind Turbine Market, by Installation, 2020-2034 (USD Billion)
- 12.3.8.3. China: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.8.4. China: Asia Pacific Wind Turbine Market, by Application, 2020-2034 (USD Billion)
- 12.3.8.5. China: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.8.6. China: Asia Pacific Wind Turbine Market, by Connectivity Grid Navigation Technology, 2020-2034 (USD Billion)
- 12.3.8.7. China: Asia Pacific Wind Turbine Market, by Rating, 2020-2034 (USD Billion)
- 12.3.9. Asia Pacific Wind Turbine Market – India
- 12.3.9.1. India: Asia Pacific Wind Turbine Market, by Axis, 2020-2034 (USD Billion)
- 12.3.9.2. India: Asia Pacific Wind Turbine Market, by Installation, 2020-2034 (USD Billion)
- 12.3.9.3. India: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.9.4. India: Asia Pacific Wind Turbine Market, by Application, 2020-2034 (USD Billion)
- 12.3.9.5. India: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.9.6. India: Asia Pacific Wind Turbine Market, by Connectivity Grid Navigation Technology, 2020-2034 (USD Billion)
- 12.3.9.7. India: Asia Pacific Wind Turbine Market, by Rating, 2020-2034 (USD Billion)
- 12.3.10. Asia Pacific Wind Turbine Market – Malaysia
- 12.3.10.1. Malaysia: Asia Pacific Wind Turbine Market, by Axis, 2020-2034 (USD Billion)
- 12.3.10.2. Malaysia: Asia Pacific Wind Turbine Market, by Installation, 2020-2034 (USD Billion)
- 12.3.10.3. Malaysia: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.10.4. Malaysia: Asia Pacific Wind Turbine Market, by Application, 2020-2034 (USD Billion)
- 12.3.10.5. Malaysia: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.10.6. Malaysia: Asia Pacific Wind Turbine Market, by Connectivity Grid Navigation Technology, 2020-2034 (USD Billion)
- 12.3.10.7. Malaysia: Asia Pacific Wind Turbine Market, by Rating, 2020-2034 (USD Billion)
- 12.3.11. Asia Pacific Wind Turbine Market – Japan
- 12.3.11.1. Japan: Asia Pacific Wind Turbine Market, by Axis, 2020-2034 (USD Billion)
- 12.3.11.2. Japan: Asia Pacific Wind Turbine Market, by Installation, 2020-2034 (USD Billion)
- 12.3.11.3. Japan: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.11.4. Japan: Asia Pacific Wind Turbine Market, by Application, 2020-2034 (USD Billion)
- 12.3.11.5. Japan: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.11.6. Japan: Asia Pacific Wind Turbine Market, by Connectivity Grid Navigation Technology, 2020-2034 (USD Billion)
- 12.3.11.7. Japan: Asia Pacific Wind Turbine Market, by Rating, 2020-2034 (USD Billion)
- 12.3.12. Asia Pacific Wind Turbine Market – Indonesia
- 12.3.12.1. Indonesia: Asia Pacific Wind Turbine Market, by Axis, 2020-2034 (USD Billion)
- 12.3.12.2. Indonesia: Asia Pacific Wind Turbine Market, by Installation, 2020-2034 (USD Billion)
- 12.3.12.3. Indonesia: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.12.4. Indonesia: Asia Pacific Wind Turbine Market, by Application, 2020-2034 (USD Billion)
- 12.3.12.5. Indonesia: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.12.6. Indonesia: Asia Pacific Wind Turbine Market, by Connectivity Grid Navigation Technology, 2020-2034 (USD Billion)
- 12.3.12.7. Indonesia: Asia Pacific Wind Turbine Market, by Rating, 2020-2034 (USD Billion)
- 12.3.13. Asia Pacific Wind Turbine Market – South Korea
- 12.3.13.1. South Korea: Asia Pacific Wind Turbine Market, by Axis, 2020-2034 (USD Billion)
- 12.3.13.2. South Korea: Asia Pacific Wind Turbine Market, by Installation, 2020-2034 (USD Billion)
- 12.3.13.3. South Korea: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.13.4. South Korea: Asia Pacific Wind Turbine Market, by Application, 2020-2034 (USD Billion)
- 12.3.13.5. South Korea: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.13.6. South Korea: Asia Pacific Wind Turbine Market, by Connectivity Grid Navigation Technology, 2020-2034 (USD Billion)
- 12.3.13.7. South Korea: Asia Pacific Wind Turbine Market, by Rating, 2020-2034 (USD Billion)
- 12.3.14. Asia Pacific Wind Turbine Market – Australia
- 12.3.14.1. Australia: Asia Pacific Wind Turbine Market, by Axis, 2020-2034 (USD Billion)
- 12.3.14.2. Australia: Asia Pacific Wind Turbine Market, by Installation, 2020-2034 (USD Billion)
- 12.3.14.3. Australia: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.14.4. Australia: Asia Pacific Wind Turbine Market, by Application, 2020-2034 (USD Billion)
- 12.3.14.5. Australia: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.14.6. Australia: Asia Pacific Wind Turbine Market, by Connectivity Grid Navigation Technology, 2020-2034 (USD Billion)
- 12.3.14.7. Australia: Asia Pacific Wind Turbine Market, by Rating, 2020-2034 (USD Billion)
- 12.3.15. Asia Pacific Wind Turbine Market – Rest of Asia Pacific
- 12.3.15.1. Rest of Asia Pacific: Asia Pacific Wind Turbine Market, by Axis, 2020-2034 (USD Billion)
- 12.3.15.2. Rest of Asia Pacific: Asia Pacific Wind Turbine Market, by Installation, 2020-2034 (USD Billion)
- 12.3.15.3. Rest of Asia Pacific: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.15.4. Rest of Asia Pacific: Asia Pacific Wind Turbine Market, by Application, 2020-2034 (USD Billion)
- 12.3.15.5. Rest of Asia Pacific: Asia Pacific Wind Turbine Market, by Component, 2020-2034 (USD Billion)
- 12.3.15.6. Rest of Asia Pacific: Asia Pacific Wind Turbine Market, by Connectivity Grid Navigation Technology, 2020-2034 (USD Billion)
- 12.3.15.7. Rest of Asia Pacific: Asia Pacific Wind Turbine Market, by Rating, 2020-2034 (USD Billion)
- 13. Competitive Landscape
- 13.1. Expansion and Acquisition Analysis
- 13.1.1. Expansion
- 13.1.2. Acquisitions
- 13.2. Partnerships/Collaborations/Agreements/Exhibitions
- 14. Company Profiles
- 14.1. CSSC Haizhuang
- 14.1.1. Company Overview
- 14.1.2. Financial Performance
- 14.1.3. Product Benchmarking
- 14.1.4. Recent Development
- 14.2. Dongfang Electric
- 14.2.1. Company Overview
- 14.2.2. Financial Performance
- 14.2.3. Product Benchmarking
- 14.2.4. Recent Development
- 14.3. Envision Group
- 14.3.1. Company Overview
- 14.3.2. Financial Performance
- 14.3.3. Product Benchmarking
- 14.3.4. Recent Development
- 14.4. GE Vernova
- 14.4.1. Company Overview
- 14.4.2. Financial Performance
- 14.4.3. Product Benchmarking
- 14.4.4. Recent Development
- 14.5. Goldwind
- 14.5.1. Company Overview
- 14.5.2. Financial Performance
- 14.5.3. Product Benchmarking
- 14.5.4. Recent Development
- 14.6. ReGen Powertech
- 14.6.1. Company Overview
- 14.6.2. Financial Performance
- 14.6.3. Product Benchmarking
- 14.6.4. Recent Development
- 14.7. Shanghai Electric
- 14.7.1. Company Overview
- 14.7.2. Financial Performance
- 14.7.3. Product Benchmarking
- 14.7.4. Recent Development
- 14.8. Shanghai Electric
- 14.8.1. Company Overview
- 14.8.2. Financial Performance
- 14.8.3. Product Benchmarking
- 14.8.4. Recent Development
- 14.9. Suzlon Energy
- 14.9.1. Company Overview
- 14.9.2. Financial Performance
- 14.9.3. Product Benchmarking
- 14.9.4. Recent Development
- 14.10. TECO Corporation
- 14.10.1. Company Overview
- 14.10.2. Financial Performance
- 14.10.3. Product Benchmarking
- 14.10.4. Recent Development
Pricing
Currency Rates
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