The global wind power market will achieve unparallelled milestones over the next 10 years, according to Wood Mackenzie’s latest market forecast. The industry is poised to add its second terawatt of capacity by 2030, accomplished in just seven years compared with the 23 years it took to reach the first terawatt in 2023.
The wind industry is on track for a record-breaking finish to 2025, with global wind capacity additions expected to reach 170 gigawatts for the year. The sector could connect more than 70 gigawatts in fourth quarter alone, marking a record quarter with gross capacity additions that exceed the total annual additions of any year before 2020.
The forecast shows a 13 percent quarter-on-quarter upgrade driven by substantial onshore growth in China, with global wind capacity set to double from 2024 levels by 2032. While key markets such as the United States face policy-driven setbacks, the industry will achieve historic scale over the next decade. Excluding