Ireland Onshore Wind Energy Market
Ireland’s onshore wind energy market is a key component of the country’s strategy to transition to a more sustainable energy system. Ireland has abundant wind resources and has made significant strides in harnessing this potential through the development of onshore wind farms. The country’s commitment to reducing carbon emissions and increasing the share of renewable energy in its energy mix has led to robust growth in the onshore wind sector.
Government policies and initiatives play a crucial role in supporting the onshore wind market in Ireland. The Renewable Electricity Support Scheme (RESS) provides financial incentives for wind energy projects, while the National Energy and Climate Plan outlines ambitious targets for renewable energy deployment. Ireland aims to generate a substantial portion of its electricity from renewable sources by 2030, with onshore wind playing a central role in achieving this goal.
Technological advancements have also contributed to the market's growth. The development of more efficient wind turbines and improved grid infrastructure has enhanced the performance and cost-effectiveness of onshore wind farms. Additionally, innovations in energy storage and grid management are helping to address the challenges associated with wind power intermittency.
Despite the positive developments, the onshore wind energy market in Ireland faces challenges such as regulatory delays, planning issues, and local opposition to new projects. Nevertheless, the strong policy support and growing public acceptance are expected to drive continued growth and expansion of the onshore wind sector in Ireland.
According to MRFR analysis, Global Onshore Wind Energy market is expected to register a CAGR of ~ 4.03% from 2024 to 2032 and hold a value of over USD 82.59 billion by 2032. Onshore wind energy refers to the generation of electricity from wind turbines located on land, as opposed to offshore wind farms situated in bodies of water. It is one of the most mature and widely deployed renewable energy sources worldwide. Onshore wind farms consist of multiple wind turbines strategically placed in locations with favorable wind conditions.
Regional Analysis
Europe has been a leading market for onshore wind energy. Countries like Germany, Spain, and the United Kingdom have made significant investments in wind power infrastructure. The European Union has set ambitious renewable energy targets, driving the growth of onshore wind projects. Favorable government policies, feed-in tariffs, and subsidies have also played a crucial role in the development of the market in this region.
The onshore wind energy market in North America has witnessed substantial growth, particularly in the United States and Canada. Several U.S. states, including Texas, Iowa, and California, have abundant wind resources and supportive policies, leading to the installation of large-scale wind farms. In Canada, provinces like Ontario, Quebec, and Alberta have implemented renewable energy targets, creating opportunities for onshore wind projects.
The Asia-Pacific region has emerged as a significant player in the onshore wind energy market. China has become the world's largest market for onshore wind power, with extensive installations across its vast landmass. India has also made significant strides in the sector, driven by the government's renewable energy targets and favorable policies. Other countries in the region, such as Australia, Japan, and South Korea, have also witnessed growth in onshore wind installations.
Market Segmentation
Global Onshore Wind Energy market has been segmented into End-use, Application, Power Capacity, Wind Capacity, Grid Connectivity
End-use: Utilities , Commercial & Industrial , Hybrid Power
Application : Peak Power Management , Power Storage , Demand Response , Frequency Response , System Stability
Power Capacity : Less Than 500 KW , 500 KW To 2 MW , More Than 2 MW
Wind Capacity : High Wind Speed , Medium Wind Speed , Low Wind Speed
Grid Connectivity : Off-Grid , On-Grid
Key Players
Siemens AG (Germany), Envision energy (China), General Electric Wind Energy (U.S.), Suzlon (India), Vestas Wind System A/S (Denmark), Enercon GmbH (Germany), Mitsubishi Power Systems (Japan), Nordex S.E. (Germany), Repower (Switzerland), Gazelle Wind Turbines (U.K.), and Clipper Wind Power (UK)
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