Market Overview:
The global wind power equipment market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for clean and renewable energy sources across the globe. In addition, government initiatives and regulations supporting the installation of wind turbines are also contributing to the growth of this market. Onshore wind turbines accounted for a major share of the global wind power equipment market in 2017. This segment is expected to continue its dominance during the forecast period as well, owing to factors such as lower installation costs and shorter commissioning times as compared with offshore turbines. However, offshore turbines are expected to witness higher growth rates during the forecast period due their ability generate more electricity than onshore turbines with similar installed capacities.
Product Definition:
Wind power equipment is used to capture energy from the wind and convert it into electrical power. Wind turbines are the most common type of wind power equipment, and they can be used to generate electricity either singly or in clusters called wind farms. Wind turbines are important because they can help reduce our reliance on fossil fuels, which can contribute to global climate change.
Onshore:
Onshore wind power equipment is used to generate electricity from the wind. It includes turbines, generators, rotors and blades among others. The turbine is the main component of this equipment which helps in converting kinetic energy into useful forms for consumers. The market for onshore wind power equipment has witnessed significant growth over the past few years owing to growing demand across major economies such as China, India and Germany among others along with technological advancements in this field.
Offshore:
Offshore is the wind power equipment used for generating electricity in water. It consists of main components such as tower, rotor, gearbox and nacelle. Offshore wind turbines are manufactured at a high scale with sizes ranging from 3 to 80 meters.
Application Insights:
The commercial segment accounted for the largest share of 72.5% in 2017 and is anticipated to witness significant growth over the forecast period. Rapid industrialization, urbanization, and rise in per capita income are expected to drive demand for wind power across corporate offices, hotels, restaurants and other tourism-related facilities around the world.
The residential sector is projected to expand at a CAGR of XX% from 2018 to 2030 owing to rising awareness about energy security among consumers as well as government support for installation of rooftop solar systems that ultimately leads towards increased adoption of renewable sources such as wind energy on a large scale across households globally.
Regional Analysis:
The Asia Pacific accounted for the largest revenue share of over 54% in 2017. The region is expected to continue its dominance over the forecast period, with China accounting for a major share of installed capacity. China has set an ambitious target to add around 20 GW of wind power capacity by 2020 and 60 GW by 2030, which is expected to have a positive impact on industry growth in the near future. Furthermore, India aims at having 1 GW solar power installation per year until 2022 and 10 times that amount until 2050; these initiatives are anticipated to boost market development across this region significantly.
North America was valued at USD X million in 2017 owing to growing demand from U.S., which accounts for nearly 80% of total installations across this region since 2012 as reported by Global Wind Energy Council (GWEC).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the growth of wind power installations
- Reduction in the cost of wind power equipment due to technological advancements and economies of scale
- Growing awareness about the benefits of using renewable energy sources such as wind power
- Expansion of electric grids to connect remote areas with potential for wind power generation
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Power Equipment Market Research Report
By Type
Onshore, Offshore
By Application
Commercial, Residential
By Companies
Phoenix Contact, ABB, Schneider Electric, Eaton, Ingeteam, GE, Siemens, Vacon, S&C Electric, Emerson, Phoenix Contact, VEO, Shanghai Electric, Sungrow Power Supply, Ventus
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Wind Power Equipment Market Report Segments:
The global Wind Power Equipment market is segmented on the basis of:
Types
Onshore, Offshore
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Phoenix Contact
- ABB
- Schneider Electric
- Eaton
- Ingeteam
- GE
- Siemens
- Vacon
- S&C Electric
- Emerson
- Phoenix Contact
- VEO
- Shanghai Electric
- Sungrow Power Supply
- Ventus
Highlights of The Wind Power Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Onshore
- Offshore
- By Application:
- Commercial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wind Power Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wind power equipment is a type of machinery used to generate electricity from the wind.
Some of the major players in the wind power equipment market are Phoenix Contact, ABB, Schneider Electric, Eaton, Ingeteam, GE, Siemens, Vacon, S&C Electric, Emerson, Phoenix Contact, VEO, Shanghai Electric, Sungrow Power Supply, Ventus.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wind Power Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wind Power Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wind Power Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wind Power Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wind Power Equipment Market Size & Forecast, 2018-2028
4.5.1 Wind Power Equipment Market Size and Y-o-Y Growth
4.5.2 Wind Power Equipment Market Absolute $ Opportunity
Chapter 5 Global Wind Power Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Wind Power Equipment Market Size Forecast by Type
5.2.1 Onshore
5.2.2 Offshore
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wind Power Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Wind Power Equipment Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wind Power Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wind Power Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Wind Power Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Wind Power Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Wind Power Equipment Market Size Forecast by Type
9.6.1 Onshore
9.6.2 Offshore
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Wind Power Equipment Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Wind Power Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Wind Power Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Wind Power Equipment Market Size Forecast by Type
10.6.1 Onshore
10.6.2 Offshore
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Wind Power Equipment Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Wind Power Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wind Power Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Wind Power Equipment Market Size Forecast by Type
11.6.1 Onshore
11.6.2 Offshore
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Wind Power Equipment Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Wind Power Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Wind Power Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Wind Power Equipment Market Size Forecast by Type
12.6.1 Onshore
12.6.2 Offshore
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Wind Power Equipment Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Wind Power Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wind Power Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Wind Power Equipment Market Size Forecast by Type
13.6.1 Onshore
13.6.2 Offshore
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Wind Power Equipment Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wind Power Equipment Market: Competitive Dashboard
14.2 Global Wind Power Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Phoenix Contact
14.3.2 ABB
14.3.3 Schneider Electric
14.3.4 Eaton
14.3.5 Ingeteam
14.3.6 GE
14.3.7 Siemens
14.3.8 Vacon
14.3.9 S&C Electric
14.3.10 Emerson
14.3.11 Phoenix Contact
14.3.12 VEO
14.3.13 Shanghai Electric
14.3.14 Sungrow Power Supply
14.3.15 Ventus
