Steel Wind Turbine Industry Statistics

The steel wind turbine industry is experiencing rapid growth globally, with increasing demand for steel components in the construction of wind turbines contributing to a positive outlook for the industry.

Statistic 1

"Wind power could be a $1 trillion industry by 2040, according to International Energy Agency (IEA)."

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Statistic 2

"In 2021, the global wind turbine market size was valued at USD 81.98 billion."

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Statistic 3

"The onshore wind technology segment dominated the market and accounted for over 92.0% share of the global revenue in 2020."

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Statistic 4

"The market in Asia Pacific dominated the global landscape and accounted for more than 40.9% of the global installed capacity in 2020."

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Statistic 5

"In the U.S., wind turbine technician is the second-fastest-growing occupational group, with an estimated 61% increase from 2019 to 2029."

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Statistic 6

"By 2025, offshore wind energy market is expected to surpass an annual installation of 24 GW."

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Statistic 7

"A modern wind turbine produces 17-20 times more electricity compared with the turbine it replaces and a 97% reduction in CO2 emissions."

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Statistic 8

"On average, a steel wind turbine will have a life-time of 20-25 years."

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Statistic 9

"Around 85% of all parts in a wind turbine, including the tower, are made of steel."

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Statistic 10

"Hawaii currently holds the U.S. record for tallest onshore wind turbine with a total height of 194 meters."

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Statistic 11

"Global wind turbine market size is likely to exhibit a CAGR of 7.2% from 2021 to 2025."

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Statistic 12

"In 2020, wind turbines in the U.S. had a cumulative capacity of over 122 GW."

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Statistic 13

"In 2020, wind energy provided 42% of all new electric generating capacity in the U.S., more than any other source."

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Statistic 14

"The Global Wind Energy Council (GWEC) estimates that by 2030, wind energy will have created over 2.4 million new jobs."

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Statistic 15

"For every MW of wind installed in Europe, 15 jobs are created per year."

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Statistic 16

"In 2020, wind turbines provided Denmark with 49% of its electricity, setting a new record."

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Statistic 17

"According to research by Imperial College London, wind power is now 40% cheaper than gas-fired power plants."

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Statistic 18

"Siemens Gamesa had 15.7 % of the wind turbine market share in 2020."

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