South Korean media: China leads the global wind power market by a large margin!
On November 19, South Korean media "Herald Economic" published an article stating that the global wind power market shows significant regional differences, with the Asian market led by China driving growth, while the United States and Europe remain stagnant.
The recent "2025 World Energy Statistics Study" released by the UK Energy Institute shows that as of the end of 2024, the total global wind power installed capacity was approximately 1,134,758 MW, an increase of 11.3% compared to 1,019,743 MW in the previous year.
Among them, China had an installed capacity of about 521,746 MW, accounting for 46.0% of the global market share, maintaining an undisputed leading position; the United States had an installed capacity of 153,152 MW (accounting for 13.5% of the global market share) ranked second; Germany had an installed capacity of 72,823 MW (accounting for 6.4% of the global market share) ranked third.
In terms of growth rate, the gap is particularly obvious. China leads the global wind power market, with its installed capacity increasing by 18.1% from 441,895 MW in the previous year. In contrast, the growth rates of the United States and Germany were only 3.5% and 4.8%, respectively.
China has integrated the entire wind power industry, including components, manufacturing and installation, thanks to government-led expansion policies and a vast domestic market. However, due to delays in determining new sites, delays in obtaining permits, and supply chain constraints, wind power growth in the United States and Europe has slowed down, and the cumulative wind power installed capacity in these regions has already reached a certain level.
From a regional perspective, Asia's wind power installed capacity reached 615,700 MW, accounting for 53.8% of the global total, with the highest growth rate of 16.8%.
At the same time, North America's installed capacity remained unchanged at 178,846 MW, accounting for 15.8%, with a growth rate of 3.8%. The European region had an installed capacity of 269,085 MW, accounting for 25%, with a growth rate of 5.4%.
The International Energy Agency (IEA) predicts that Asia, especially China, will continue to occupy a central position in the global wind power market in the future. China is consolidating its position as a "renewable energy manufacturing center," demonstrating a dominant position not only in domestic demand but also in overseas projects and turbine exports.
In contrast, North America and Europe rely heavily on policy subsidies, and the permit period is long, averaging 5 to 7 years, making it difficult to rebound in the short term. It is expected that during the Trump administration, the U.S. renewable energy market will shrink significantly.
Original: www.toutiao.com/article/1849180710202505/
Statement: This article represents the views of the author.