GITNUX MARKETDATA REPORT 2024

Wind Power Industry Statistics

Wind power industry statistics show continued growth and investment, with increasing global capacity and a key role in the transition to renewable energy sources.

Highlights: Wind Power Industry Statistics

  • The wind power industry in the United States generated 7.3% of the country's total electricity in 2019.
  • The global wind power industry is expected to reach $127.2 billion by 2027.
  • China leads the world in terms of wind power capacity, with over 237 GW installed in 2020.
  • Wind power industry employed over 1.2 million people worldwide in 2020.
  • In 2020, new wind power projects represented 43% of new U.S. power capacity.
  • It is forecasted that wind power will generate almost 20% of Europe's electricity by 2020.
  • Germany is the largest wind energy user in Europe with an installed capacity of 50.9 GW.
  • Texas leads the U.S. states in installed wind capacity, with over 30,000 megawatts installed as of 2020.
  • In 2020, the UK got nearly a quarter of its electricity from wind power.
  • From 2010 to 2020, global wind power capacity increased fivefold, from 198 GW to 1,129 GW.
  • Global offshore wind energy market is expected to reach USD 81.44 billion by 2027.
  • By 2050, wind power could provide over 35% of global electricity demand.
  • India has the fourth largest installed wind power capacity in the world at 38.12 GW in 2020.
  • Wind power avoided over 200 million tons of CO2 emissions in the USA during 2019.
  • The wind turbine market share was valued at approximately USD 13 billion in 2020 and it is forecast to reach approximately USD 19 billion by 2027.
  • The global offshore wind pipeline reached 251 GW in 2020.
  • In Denmark, wind power supplied 47% of national electricity demand in 2019.
  • In 2020, the U.S. installed 16,913 MW of wind power capacity, the most ever in a year.
  • Global wind power installations increased by 59% from 2019 to 2020.

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Wind power is a rapidly expanding industry that plays a crucial role in the global transition to more sustainable energy sources. In this blog post, we will delve into the latest statistics and trends shaping the wind power industry, providing insights into its growth, challenges, and future prospects. Join us as we explore the numbers behind this dynamic sector and uncover the key factors driving its success.

The Latest Wind Power Industry Statistics Explained

The wind power industry in the United States generated 7.3% of the country’s total electricity in 2019.

In 2019, the wind power industry played a significant role in the United States by generating 7.3% of the nation’s total electricity. This statistic highlights the growing importance of renewable energy sources in the country’s energy mix and underscores the increasing contribution of wind power to the overall electricity generation capacity. The ability of the wind power industry to provide a substantial portion of the nation’s electricity demonstrates progress towards reducing reliance on fossil fuels and mitigating environmental impacts associated with traditional energy sources. This statistic also indicates a shift towards a more sustainable and environmentally friendly energy infrastructure in the United States, showcasing the potential for continued growth and development of renewable energy technologies.

The global wind power industry is expected to reach $127.2 billion by 2027.

The statistic “The global wind power industry is expected to reach $127.2 billion by 2027” indicates the projected total value of the wind power sector worldwide in seven years. This figure implies significant growth and potential opportunities within the industry, reflecting a rising trend in the adoption of wind energy as a renewable and sustainable source of power. The forecasted increase in market value suggests an increasing investment in wind power infrastructure and technologies across various regions, driven by factors such as environmental concerns, government incentives, and technological advancements in the sector. This statistic serves as a key indicator of the expanding role of wind power in the global energy mix and highlights the growing economic significance of renewable energy sources in the transition towards a more sustainable future.

China leads the world in terms of wind power capacity, with over 237 GW installed in 2020.

The statistic “China leads the world in terms of wind power capacity, with over 237 GW installed in 2020” highlights China’s prominent position in the global wind energy industry. With a significant focus on renewable energy development, China has invested heavily in wind power infrastructure, resulting in the installation of a substantial capacity that surpasses that of any other country. This achievement underscores China’s commitment to transitioning towards cleaner and more sustainable energy sources, contributing to the reduction of greenhouse gas emissions and addressing climate change on a large scale. By leading in wind power capacity, China not only enhances its energy security but also sets an example for other countries to follow in promoting renewable energy adoption and combatting climate change.

Wind power industry employed over 1.2 million people worldwide in 2020.

The statistic “Wind power industry employed over 1.2 million people worldwide in 2020” indicates that the global wind power sector was a significant source of employment, directly providing jobs to a large workforce. This suggests that the industry experienced substantial growth and demand for workers during the specified year. The statistic highlights the importance of wind energy as a driver of job creation and economic activity on a global scale, contributing to both renewable energy development and job opportunities across various regions and countries.

In 2020, new wind power projects represented 43% of new U.S. power capacity.

The statistic indicating that in 2020, new wind power projects represented 43% of new U.S. power capacity suggests a significant shift towards renewable energy sources in the United States. This statistic shows that nearly half of the new power capacity added in the country during the given year came from wind energy projects, emphasizing the growing trend towards clean and sustainable energy sources. This development signifies a move away from traditional fossil fuels towards a more environmentally friendly and carbon-neutral power generation infrastructure, reflecting the increasing importance placed on addressing climate change and transitioning towards a more sustainable energy future.

It is forecasted that wind power will generate almost 20% of Europe’s electricity by 2020.

The statistic indicates that wind power is projected to play a significant role in Europe’s electricity generation, accounting for approximately 20% by the year 2020. This suggests a growing reliance on wind energy as a renewable and environmentally friendly source of electricity in the region. The forecast reflects a trend towards greater investment in wind power infrastructure and technologies across Europe to meet both energy demand and sustainability goals. The statistic highlights the potential for wind power to contribute substantially to Europe’s overall energy mix and reduce dependence on fossil fuels in the coming years.

Germany is the largest wind energy user in Europe with an installed capacity of 50.9 GW.

The statistic indicates that Germany has the highest installed wind energy capacity in Europe, standing at 50.9 GW. This means that Germany leads the region in terms of utilizing wind energy as a renewable energy source. The high capacity implies that Germany has made significant investments in wind energy infrastructure, allowing them to generate a large amount of electricity from wind power. This statistic reflects Germany’s commitment to renewable energy and reducing reliance on fossil fuels, positioning them as a prominent player in the transition towards sustainable energy sources within Europe.

Texas leads the U.S. states in installed wind capacity, with over 30,000 megawatts installed as of 2020.

The statistic stating that Texas leads the U.S. states in installed wind capacity with over 30,000 megawatts as of 2020 highlights the prominent role of Texas in the renewable energy sector. With its vast land area and favorable wind conditions, Texas has become a leader in harnessing wind energy to meet its electricity demands. The significant investment in wind power infrastructure in Texas signifies the state’s commitment to sustainable energy production and reducing reliance on fossil fuels. This statistic showcases Texas as a key player in the transition towards renewable energy sources, contributing significantly to the overall capacity of clean energy production in the United States.

In 2020, the UK got nearly a quarter of its electricity from wind power.

In 2020, the United Kingdom sourced approximately 25% of its total electricity generation from wind power, marking a significant milestone in its renewable energy transition. This statistic indicates a notable shift towards cleaner and more sustainable energy sources, reducing the country’s reliance on fossil fuels and contributing to efforts to combat climate change. The growth of wind power as a key player in the UK’s electricity mix reflects the increasing importance of renewables in meeting energy needs while also highlighting the progress made towards achieving carbon emission reduction targets and promoting a greener economy.

From 2010 to 2020, global wind power capacity increased fivefold, from 198 GW to 1,129 GW.

The statistic reveals a significant surge in global wind power capacity over the span of a decade, with a fivefold increase from 198 GW in 2010 to 1,129 GW in 2020. This growth implies a substantial shift towards renewable energy sources and underscores the increasing importance of wind power in the global energy sector. The impressive scale of this expansion signifies advancements in wind power technology, industry investment, and governmental support for sustainable energy development. The statistic highlights a positive trend towards reducing carbon emissions and transitioning towards cleaner and more sustainable energy sources to address the challenges of climate change.

Global offshore wind energy market is expected to reach USD 81.44 billion by 2027.

The statistic ‘Global offshore wind energy market is expected to reach USD 81.44 billion by 2027’ forecasts the projected value of the offshore wind energy market worldwide by the year 2027. This figure represents the anticipated total revenue generated from the offshore wind energy sector, encompassing activities such as the development, installation, and operation of offshore wind farms. The estimated value of USD 81.44 billion indicates significant growth and investment opportunities in the offshore wind energy industry, driven by factors such as increasing global demand for renewable energy sources, advancements in offshore wind technology, and supportive government policies incentivizing the transition towards cleaner and more sustainable energy sources.

By 2050, wind power could provide over 35% of global electricity demand.

The statistic suggests that by the year 2050, wind power has the potential to meet more than one-third (35%) of the world’s total electricity requirements. This indicates a significant shift towards renewable energy sources as a means to combat climate change and reduce reliance on fossil fuels. The projection reflects the growing advancements in wind energy technology, increased investment in renewable energy projects, and the global push towards sustainable energy solutions. Achieving this milestone would not only contribute towards reducing greenhouse gas emissions but also diversify the energy mix, increasing energy security and creating economic opportunities within the renewable energy sector.

India has the fourth largest installed wind power capacity in the world at 38.12 GW in 2020.

This statistic denotes that India ranks fourth globally in terms of its total capacity for generating electricity through wind power, with a recorded capacity of 38.12 gigawatts as of 2020. This indicates a significant investment and commitment by the country towards renewable energy sources. The installed wind power capacity is a key indicator of a nation’s efforts in transitioning towards cleaner and more sustainable energy sources, reducing reliance on fossil fuels, and mitigating the impacts of climate change. India’s substantial wind power capacity highlights its progress in expanding renewable energy infrastructure, contributing not only to the country’s energy security but also to global efforts in combating climate change.

Wind power avoided over 200 million tons of CO2 emissions in the USA during 2019.

The statistic indicates that wind power generation in the USA during 2019 resulted in the avoidance of over 200 million tons of carbon dioxide (CO2) emissions. This means that if the electricity generated by wind power had been produced using traditional fossil fuel sources like coal or natural gas, over 200 million tons of CO2 would have been released into the atmosphere, contributing to climate change. By harnessing wind energy instead, which is a renewable and cleaner source of electricity, the USA was able to significantly reduce its carbon footprint and environmental impact. This statistic highlights the importance and effectiveness of shifting towards sustainable and environmentally-friendly energy sources like wind power to mitigate climate change.

The wind turbine market share was valued at approximately USD 13 billion in 2020 and it is forecast to reach approximately USD 19 billion by 2027.

This statistic indicates the current and projected market share value of the wind turbine industry over a specific time frame. In 2020, the market share value was estimated to be around USD 13 billion, reflecting the total revenue generated by wind turbine manufacturers and related industries. The forecast predicts that this market share will continue to grow, reaching approximately USD 19 billion by 2027. This upward trend suggests a positive outlook for the wind turbine market, likely driven by factors such as increased investment in renewable energy, technological advancements in wind turbine efficiency, and government initiatives promoting clean energy solutions.

The global offshore wind pipeline reached 251 GW in 2020.

The statistic that the global offshore wind pipeline reached 251 GW in 2020 indicates the total capacity of offshore wind projects that were at various stages of development and planning around the world during that year. This figure reflects the increasing interest and investment in offshore wind energy as a clean and renewable source of power. The growth of the offshore wind pipeline signifies the potential for significant expansion of offshore wind capacity in the near future, which could play a crucial role in transitioning towards more sustainable energy systems and reducing reliance on fossil fuels.

In Denmark, wind power supplied 47% of national electricity demand in 2019.

The statistic stating that wind power supplied 47% of national electricity demand in Denmark in 2019 indicates a significant and impressive reliance on renewable energy sources in the country. Denmark has been a leader in implementing wind power technology and infrastructure, with substantial investments in wind energy generation over the past few decades. The fact that nearly half of the country’s electricity needs were met by wind power demonstrates a strong commitment to sustainability and reducing reliance on fossil fuels. This statistic highlights Denmark’s progress towards achieving energy independence and reducing carbon emissions, setting an example for other nations seeking to transition to clean and renewable energy sources.

In 2020, the U.S. installed 16,913 MW of wind power capacity, the most ever in a year.

The statistic “In 2020, the U.S. installed 16,913 MW of wind power capacity, the most ever in a year” indicates that the United States saw a significant increase in the installation of wind power infrastructure during that year, with a total capacity of 16,913 megawatts. This rise in wind power capacity is a notable milestone as it represents the highest amount ever installed in a single year in the country, reflecting a growing focus on renewable energy sources. This statistic demonstrates a continued commitment to expanding the wind energy sector in the U.S., which plays a crucial role in reducing greenhouse gas emissions and diversifying the energy mix towards more sustainable and environmentally-friendly sources.

Global wind power installations increased by 59% from 2019 to 2020.

The statistic ‘Global wind power installations increased by 59% from 2019 to 2020’ indicates a significant growth in the global wind power sector within a one-year period. This implies that there was a substantial increase in the amount of new wind power capacity that was installed worldwide from 2019 to 2020. Such rapid growth suggests a strong momentum and increasing interest in wind energy as a renewable and sustainable source of power. This statistic points towards a positive trend in the adoption of wind energy technology on a global scale, which could have important implications for reducing greenhouse gas emissions and transitioning towards a more environmentally friendly energy system.

Conclusion

The statistics presented clearly demonstrate the rapid growth and potential of the wind power industry. With increasing investments, advancements in technology, and supportive government policies, wind power is poised to play a key role in the transition to a more sustainable and renewable energy future. It is evident that the wind power industry is on a trajectory of continued expansion and continued contributions towards a cleaner environment and energy independence.

References

0. – https://www.ens.dk

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2. – https://www.www.alliedmarketresearch.com

3. – https://www.gwec.net

4. – https://www.www.gwec.net

5. – https://www.www.statista.com

6. – https://www.www.evwind.es

7. – https://www.www.awea.org

8. – https://www.www.globenewswire.com

9. – https://www.windexchange.energy.gov

10. – https://www.mnre.gov.in

11. – https://www.www.irena.org

12. – https://www.windeurope.org

13. – https://www.www.iea.org

14. – https://www.www.fortunebusinessinsights.com

15. – https://www.www.ewea.org

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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