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Wind Power Generation in Germany - Market Research Report (2014-2029)

Robert Maier Robert Maier Frankfurt, Germany Last Updated: June 2024 WZ SP35.01DE Spotlight Report

Revenue

€18.3bn

2024

€18.3bn

Past 5-Year Growth

Profit

€X.Xbn

Employees

45,049

Businesses

1,372

Wages

€X.Xbn

Wind Power Generation in Germany industry analysis

Electricity generation from wind power has seen fluctuations in sales over the past five years due to major upheavals on the electricity market with sharp changes in electricity prices. Overall, wind power has recently become the most important source of energy in Germany in terms of the amount of electricity fed into the grid. In addition to the expansion of onshore wind power, the installed capacity of offshore wind turbines in particular has increased since 2009. Since 2019, industry turnover has increased by an average of 2.9 % per year. In 2024, turnover from electricity generation from wind power in Germany is expected to increase by 5.2% to 18.3 billion euros.In the area of electricity generation, the energy transition, i.e. the switch to renewable energy sources, must make an important contribution to reducing greenhouse gas emissions. However, the construction of wind turbines is sometimes met with resistance from the local population. If their environmental awareness increases, as has been the case this year, acceptance of the expansion of wind power is likely to grow, which will have a positive impact on the industry. In addition, higher electricity consumption in Germany increases the incentive to expand renewable energy sources more quickly. The same applies to an increase in the number of electric vehicles on German roads, as these can only be operated in a climate-friendly manner when charged with green electricity. Extreme weather events in turn pose a risk for the industry. In extreme wind speeds, wind turbines often have to be switched off or run the risk of being damaged.The German government's increased expansion targets for wind power offer the industry great sales potential. From 2024 to 2029, industry turnover is therefore expected to increase by an average of 7.6% per year. This means that the turnover generated by electricity generation from wind power in Germany is expected to reach 26.5 billion euros in 2029. However, the rapid and strong expansion of wind power and the general expansion of renewable energies also brings with it problems. Fluctuating electricity production means that large capacities of energy storage solutions are required. The different expansion of wind power in northern and southern Germany also requires the expansion of power lines between these regions.

Trends and Insights

  • Wind power is the most important renewable energy source. In 2023, wind power accounted for around a quarter of the electricity fed into the grid. Wind power was therefore the most important source of energy in Germany, ahead of coal.
  • Electricity generation from offshore wind energy is growing strongly. The expansion of offshore wind turbines is growing faster than that of onshore turbines. As a result, the share of energy generated by offshore turbines in total wind energy generated has increased in recent years.
  • Market concentration is likely to increase in the coming years. With the further expansion of offshore wind farms in particular, concentration is likely to increase further. Established energy companies in particular are likely to expand their portfolio in the wind energy sector.

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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 2.9 % over the past five years, to reach an estimated €18.3bn in 2024.

Trends and Insights

The share of wind power in electricity generation is increasing

  • The debate about an energy transition, i.e. the switch to sustainable, renewable energies, dates back to the 1970s. At the latest with the conclusion of the Paris Climate Agreement in 2015, Germany had to implement a faster reduction of CO2, which in the area of electricity generation goes beyond the expansion of renewable energies.
  • Additional trends and insights available with purchase
Wind Power Generation in Germany
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Biggest companies in the Wind Power Generation in Germany

There are no companies that hold a large enough market share in the Wind Power Generation in Germany industry for IBISWorld to include in this product.

Products & Services Segmentation

Wind Power Generation in Germany
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Onshore wind energy and Wind energy at sea. Onshore wind energy is the largest segment of the Wind Power Generation in Germany.

Trends and Insights

The expansion of onshore wind energy varies greatly between northern and southern Germany

  • Energy generation from wind power on land is referred to as onshore wind energy. In terms of installed capacity, onshore wind energy (87.7%) is well ahead of the offshore sector, while the remuneration for offshore wind energy per kilowatt hour of electricity is higher.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

This sector comprises the energy generated and sold by wind power in Germany. This includes the operation of wind turbines both on land and at sea.

What's included in this industry?

Power generation from onshore wind energyPower generation from offshore wind energy

Companies

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Related Terms

ECOELECTRICITYONSHORE WIND ENERGYOFFSHORE WIND ENERGY

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Wind power is the most important renewable energy source. In 2023, wind power accounted for around a quarter of the electricity fed into the grid. Wind power was therefore th...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Factors that influence volatility in the industry
  • Key success factors for businesses to overcome volatility

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Electricity generation from offshore wind energy is growing strongly. The expansion of offshore wind turbines is growing faster than that of onshore turbines. As a result, th...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Purchase this report to unlock analyst insights.

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Market concentration is likely to increase in the coming years. With the further expansion of offshore wind farms in particular, concentration is likely to increase further. ...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

The construction and operation of wind turbines requires authorisations under the Federal Immission Control Act. Other permits required under nature conservation and species ...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

The profit margin is heavily dependent on external factors over which the operating company has no influence. These include wind conditions and the development of electricity...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Wind Power Generation industry in Germany in 2024?

The market size of the Wind Power Generation industry in Germany is €18.3bn in 2024.

How many businesses are there in the Wind Power Generation in Germany industry in 2024?

There are 1,372 businesses in the Wind Power Generation industry in Germany, which has grown at a CAGR of 1.3 % between 2019 and 2024.

Has the Wind Power Generation industry in Germany grown or declined over the past 5 years?

The market size of the Wind Power Generation industry in Germany has been growing at a CAGR of 2.9 % between 2019 and 2024.

What is the forecast growth of the Wind Power Generation industry in Germany over the next 5 years?

Over the next five years, the Wind Power Generation industry in Germany is expected to grow.

What does the Wind Power Generation in Germany include?

Power generation from onshore wind energy and Power generation from offshore wind energy are part of the Wind Power Generation industry.

How competitive is the Wind Power Generation industry in Germany?

The level of competition is low and increasing in the Wind Power Generation industry in Germany.

Related Industries

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Competitors

  • There are no industries to display.

View all industries in Germany

Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in Germany include:

  • German Federal Statistics Office (Destatis)
  • European Statistics Office (Eurostat)
  • United Nations Comtrade

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center.