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GCC Onshore Wind Energy Market
ID: MRFR/EnP/53847-HCR
200 Pages
June 2025
GCC Onshore Wind Energy Market Research Report: By Turbine Type (Horizontal Axis Wind Turbine, Vertical Axis Wind Turbine, Small Wind Turbine, Offshore Turbine, Distributed Wind Turbine), By Technology (Gear Drive Technology, Direct Drive Technology, Superconducting Technology, Variable Speed Technology), By Installation Type (Onshore Installations, Hybrid Installations, Repowering Installations) andBy Application (Utility Scale, Community Scale, Distributed Generation)- Forecast to 2035
Industry Developments
Recent developments in the GCC Onshore Wind Energy Market are significant, highlighting a growing commitment to renewable energy. In September 2023, Enel Green Power announced the successful completion of its first onshore wind project in Saudi Arabia, expected to contribute substantially to the country's renewable energy target. ACWA Power recently secured funding for a new wind farm in Oman, further expanding its energy portfolio in the region. Notable mentions include Mitsubishi Heavy Industries signing contracts for turbine supply with various GCC national projects in August 2023, reinforcing Japan's investment presence in the market. Between 2021 and 2023, the GCC's commitment to renewable energy has grown impressively, with over 20 wind projects initiated across the region, driven by national visions like Saudi Arabia's Vision 2030 and UAE's Energy Strategy 2050. In terms of market valuation, the GCC Onshore Wind Energy sector has seen investments exceeding several billion dollars, incentivized by governmental frameworks promoting green energy. Furthermore, Siemens Gamesa Renewable Energy has reported a robust increase in demand for wind turbines, fueling both project development and job creation in the region.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 3.1(USD Billion) |
| MARKET SIZE 2024 | 3.9(USD Billion) |
| MARKET SIZE 2035 | 9.0(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 7.899% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Enel Green Power, ACWA Power, NextEra Energy, Mitsubishi Heavy Industries, EDF Renewables, ABB, TotalEnergies, GE Renewable Energy, Suzlon Energy, Iberdrola, Nordex SE, Vestas Wind Systems, Siemens Gamesa Renewable Energy |
| SEGMENTS COVERED | Turbine Type, Technology, Installation Type, Application |
| KEY MARKET OPPORTUNITIES | Growing renewable energy targets, Technological advancements in turbine efficiency, Favorable government policies and incentives, Increasing energy demand diversification, Strategic geographic advantages for wind deployment |
| KEY MARKET DYNAMICS | regulatory support, technological advancements, investment incentives, grid integration challenges, environmental impact considerations |
| COUNTRIES COVERED | GCC |
FAQs
What is the expected market size of the GCC Onshore Wind Energy Market in 2024?
The GCC Onshore Wind Energy Market is expected to be valued at 3.9 USD Billion in 2024.
What will the market size be in 2035?
By 2035, the GCC Onshore Wind Energy Market is projected to reach a value of 9.0 USD Billion.
What is the expected CAGR for the GCC Onshore Wind Energy Market from 2025 to 2035?
The expected CAGR for the GCC Onshore Wind Energy Market from 2025 to 2035 is 7.899%.
Which turbine type holds the largest market share in 2024?
The Horizontal Axis Wind Turbine is expected to hold the largest market share, valued at 1.5 USD Billion in 2024.
How much is the market size for Offshore Turbines expected to grow by 2035?
The market size for Offshore Turbines is estimated to grow to 2.0 USD Billion by 2035.
Who are the key players in the GCC Onshore Wind Energy Market?
Major players include Enel Green Power, ACWA Power, NextEra Energy, Mitsubishi Heavy Industries, and EDF Renewables.
What is the market size for Vertical Axis Wind Turbines in 2035?
The market for Vertical Axis Wind Turbines is projected to reach 1.2 USD Billion by 2035.
What are the growth drivers for the GCC Onshore Wind Energy Market?
Growth drivers include increased energy demand, government initiatives, and technological advancements in wind energy.
What challenges does the market face moving forward?
Challenges include regulatory hurdles, competition from other renewable sources, and high initial investment costs.
What is the projected market size for Distributed Wind Turbines in 2035?
The projected market size for Distributed Wind Turbines is anticipated to reach 1.3 USD Billion by 2035.
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