Market Overview:
The global wind power systems 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 renewable energy sources and the rising concerns about climate change. The global wind power systems market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into on-grid and off-grid systems. On-grid systems are connected to an electricity grid, while off-grid systems are not connected to an electricity grid. Off-grid wind power systems are more common in rural areas where there is no access to an electricity grid or where it is expensive or impractical to connect a system to the grid. On the basis of application, utilities accounted for majority share of revenue generated by wind power system installations in 2017 owing higher capital expenditure requirements as compared with other applications such as commercial & industrial (C&I) and others segments including residential & transportation sectors across globe . However , C&I sector is anticipated witness highest growth over next decade due growing demand from data centers , telecom towers etc . Regionally , North America held largest share in terms revenue generated by installation base globally followed by Europe during 2017 .
Product Definition:
Wind power systems are used to capture the wind's energy and convert it into electrical power. Wind turbines are the most common type of wind power system, and they use blades to capture the wind's energy and convert it into rotational kinetic energy. This kinetic energy is then converted into electrical power using a generator. Wind turbines can be used to provide electricity for individual homes or businesses, or they can be used to provide electricity for larger-scale applications such as villages or towns.
On-Grid:
On-grid is a type of power generation system that uses the energy generated from renewable sources, such as wind or solar to provide electricity. The on-grid systems are connected to the main electric grid and used for power generation in off-grid areas which have limited access to electric grids. On-gridelectricity demand is increasing rapidly due to population growth and urbanization, leading many countries towards modernizing their infrastructure for electricity supply.
Off-Grid:
The off-grid is a power system which delivers electricity to the consumers in absence of an electric grid. The system works on diesel or solar energy and can be used for domestic purposes as well as for commercial applications such as small business parks, campsites, cabins, and recreational vehicles (RV). It provides electricity independent of the utility grid area.
Application Insights:
The utilities segment dominated the global wind power systems market, accounting for a share of over 72.0% in 2017. The segment is expected to witness significant growth owing to the growing demand for electricity from industrial and residential sectors coupled with rising concerns regarding greenhouse gas emissions and air pollution.
The utility scale segment accounted for a majority of the total installed capacity across all regions in 2017 due to its ability to tap into long-term contracts with regional transmission organizations (RTOs) that have high enough volumes of energy trading that they can be aggregated and sold onto an open market as one unit.
Regional Analysis:
The Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. China, India, South Korea, Japan, Australia and Indonesia are some of the prominent countries that have adopted wind power systems on a large scale. The region has also witnessed an increase in investments from foreign players looking to tap into this lucrative market. For instance; In January 2018; Siemens along with its partners at Gamesa Corporation announced plans for building a USD X million manufacturing plant in Andhra Pradesh, India to manufacture components using wind energy technology.
Latin America is anticipated to be one of the fastest-growing markets owing to increasing government support across several countries including Brazil and Mexico as well as rising awareness about renewable energy sources among consumers. Moreover; significant amounts of land available for development make it suitable for growth across Central & South America (CSA).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the development of wind power systems
- Reduction in the cost of wind power systems due to technological advancements and economies of scale
- Growing awareness about the benefits of using renewable energy sources such as wind power systems
- Development of innovative financing models for deploying wind power systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Power Systems Market Research Report
By Type
On-Grid, Off-Grid
By Application
Utilities, Industrial, Commercial, Others
By Companies
ABB, AES Wind Generation, Alstom, American Electric Power, Cielo Wind Power, DeWind, Dongfang Electric, Enel Green Power, Enercon, Siemens(Gamesa), GE Energy, Goldwind Science & Technology, Green Mountain Energy, Hitachi, JFE Holdings, Mitsubishi Heavy, Navitas Energy, NextEra Energy Resources, Nordex Aktiengesellschaft, Pacific Hydro, Shell WindEnergy, Siemens, Suncor Energy, Suzlon Energy, Senvion, TransAlta Wind
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
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Wind Power Systems Market Report Segments:
The global Wind Power Systems market is segmented on the basis of:
Types
On-Grid, Off-Grid
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
Utilities, Industrial, Commercial, Others
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:
- ABB
- AES Wind Generation
- Alstom
- American Electric Power
- Cielo Wind Power
- DeWind
- Dongfang Electric
- Enel Green Power
- Enercon
- Siemens(Gamesa)
- GE Energy
- Goldwind Science & Technology
- Green Mountain Energy
- Hitachi
- JFE Holdings
- Mitsubishi Heavy
- Navitas Energy
- NextEra Energy Resources
- Nordex Aktiengesellschaft
- Pacific Hydro
- Shell WindEnergy
- Siemens
- Suncor Energy
- Suzlon Energy
- Senvion
- TransAlta Wind
Highlights of The Wind Power Systems 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:
- On-Grid
- Off-Grid
- By Application:
- Utilities
- Industrial
- Commercial
- Others
- 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 Systems 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 systems are a type of renewable energy system that uses the wind to generate electricity. Wind turbines use blades to turn and create kinetic energy, which is converted into electrical power by the wind turbine's generator.
Some of the key players operating in the wind power systems market are ABB, AES Wind Generation, Alstom, American Electric Power, Cielo Wind Power, DeWind, Dongfang Electric, Enel Green Power, Enercon, Siemens(Gamesa), GE Energy, Goldwind Science & Technology, Green Mountain Energy, Hitachi, JFE Holdings, Mitsubishi Heavy, Navitas Energy, NextEra Energy Resources, Nordex Aktiengesellschaft, Pacific Hydro, Shell WindEnergy, Siemens, Suncor Energy, Suzlon Energy, Senvion, TransAlta Wind.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wind Power Systems 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 Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wind Power Systems 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 Systems 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 Systems Market Size & Forecast, 2020-2028
4.5.1 Wind Power Systems Market Size and Y-o-Y Growth
4.5.2 Wind Power Systems Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 On-Grid
5.2.2 Off-Grid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Utilities
6.2.2 Industrial
6.2.3 Commercial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wind Power Systems 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 Systems 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 On-Grid
9.6.2 Off-Grid
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 Market Size Forecast by Applications
9.10.1 Utilities
9.10.2 Industrial
9.10.3 Commercial
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 On-Grid
10.6.2 Off-Grid
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 Market Size Forecast by Applications
10.10.1 Utilities
10.10.2 Industrial
10.10.3 Commercial
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 On-Grid
11.6.2 Off-Grid
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 Market Size Forecast by Applications
11.10.1 Utilities
11.10.2 Industrial
11.10.3 Commercial
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 On-Grid
12.6.2 Off-Grid
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 Market Size Forecast by Applications
12.10.1 Utilities
12.10.2 Industrial
12.10.3 Commercial
12.10.4 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 On-Grid
13.6.2 Off-Grid
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) Market Size Forecast by Applications
13.10.1 Utilities
13.10.2 Industrial
13.10.3 Commercial
13.10.4 Others
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 Systems Market: Competitive Dashboard
14.2 Global Wind Power Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 AES Wind Generation
14.3.3 Alstom
14.3.4 American Electric Power
14.3.5 Cielo Wind Power
14.3.6 DeWind
14.3.7 Dongfang Electric
14.3.8 Enel Green Power
14.3.9 Enercon
14.3.10 Siemens(Gamesa)
14.3.11 GE Energy
14.3.12 Goldwind Science & Technology
14.3.13 Green Mountain Energy
14.3.14 Hitachi
14.3.15 JFE Holdings
14.3.16 Mitsubishi Heavy
14.3.17 Navitas Energy
14.3.18 NextEra Energy Resources
14.3.19 Nordex Aktiengesellschaft
14.3.20 Pacific Hydro
14.3.21 Shell WindEnergy
14.3.22 Siemens
14.3.23 Suncor Energy
14.3.24 Suzlon Energy
14.3.25 Senvion
14.3.26 TransAlta Wind
