Iran Wind Energy Market Size (2024 - 2029)

Iran Wind Energy Market Analysis

The Iranian wind energy market is expected to register a CAGR of more than 7% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels.

• Over the medium term, factors such as increasing demand for renewable energy, rising investments in wind farms, government policies, and declining cost of wind energy are likely to drive the wind energy market in Iran.
• On the other hand, the increasing adoption of alternate clean power sources is likely to restrain the growth of the wind energy market in Iran in the coming years.
• Nevertheless, with the aim to reduce fossil-fuel consumption and increase the possibilities of sustainable development, the use of renewable energy is being explored in the country. The potential for renewable energy in Iran makes it attractive for the government sector, the private sector, and companies to shift toward clean energy, which, in turn, may provide an opportunity to increase the deployment of wind energy in the future.

Iran Wind Energy Industry Segmentation

Wind energy is the energy obtained from the force of the wind. Wind energy describes the process of harnessing the wind to produce mechanical or electrical energy. It is the second-largest source of renewable energy production worldwide.

The Iranian wind energy market is segmented by technology type and end user. By technology type, the market is segmented into offshore and onshore, The end user includes industrial, commercial, and residential. The report also covers the market size and forecasts for the Iranian wind energy market. The market sizing and forecasts for each segment have been based on installed capacity megawatts capacity (MW).