Market Overview:
The global wind turbine alternator market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for renewable energy sources and the rising awareness about the benefits of using wind turbines as an alternate source of energy. The unipolar segment is expected to dominate the global wind turbine alternator market in terms of revenue share during the forecast period. This can be attributed to its high efficiency and low cost as compared to other types of alternators available in the market. The aerospace segment is projected to grow at a highest CAGR during the forecast period, owing to increasing demand for electric aircrafts across the globe.
Product Definition:
A wind turbine alternator is a device used to convert the mechanical energy of the blades into electrical energy. This device is important because it helps to create electricity from a renewable resource, wind.
Unipolar:
Unipolar is a type of electric motor which has only one wire for the rotation of the rotor. It is also known as single-phase motor since it has only one phase connected to power source. The unipolar wind turbine alternator uses this simple principle to generate electricity and works on the basis of “unipoles” or “ monopoles”, depending upon how you wish to define them.
Multipolar:
Multipolar is a type of electric motor that uses more than one magnet to generate electricity. The multiphase technology has been used in the manufacturing of motors for many years and has recently gained popularity in the wind turbine alternator market. A bipolar motor only uses one magnet to produce electricity, whereas a multiphase motor uses several magnets (more than two) to create an electromagnetic field.
Application Insights:
The shipping industry was the largest wind turbinealternator application segment in 2017, accounting for over 71% of the total revenue. The segment is expected to continue its dominance over the forecast period. Increasing demand for clean energy sources such as wind turbines to power ships has resulted in a rise in installations at sea, particularly across Europe and North America regions.
Increasing use of alternators on account of growing need for electricity supply across military aircraft and helicopters is projected to drive product demand from aerospace applications over the forecast period. In addition, rapid growth of this industry coupled with advancements in technology are anticipated to boost product demand from other applications such as chemical industries and others by around 15% annually during 2018-2030 periods respectively.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The regional market growth can be attributed to China, which accounts for a major share of global wind turbine sales. In 2016, China’s installed capacity of wind power reached nearly 54 GW from just under 30 GW in 2015 and it is expected to reach nearly 72 GW by 2020. Moreover, according to IEEFA, Chinese manufacturers are selling more than 80% of their turbines overseas while they only account for a little over 20% domestic sales.
Europe also contributed significantly towards industry growth owing to Germany's massive contribution followed by Spain and Italy; however; Europe's wind energy capacity has been stagnant since 2010 at around 43-44 GW due largely end-user dependence on nuclear power plants as an alternative source despite government support aimed at increasing renewable energy production capacities across the region.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the use of renewable energy sources
- Rising prices of traditional fuels such as coal, oil, and natural gas
- Technological advancements that have led to the development of more efficient and reliable wind turbines
- Growing awareness about the benefits of using wind energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Turbine Alternator Market Research Report
By Type
Unipolar, Multipolar
By Application
Shipping, Power Locomotive, Aerospace, Chemical Industry, Other
By Companies
ABB, Mersen, CRRC, NUOVA SACCARDO MOTORI, VEM Group, Enerset, COMER S.r.l.
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Wind Turbine Alternator Market Report Segments:
The global Wind Turbine Alternator market is segmented on the basis of:
Types
Unipolar, Multipolar
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
Shipping, Power Locomotive, Aerospace, Chemical Industry, Other
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
- Mersen
- CRRC
- NUOVA SACCARDO MOTORI
- VEM Group
- Enerset
- COMER S.r.l.
Highlights of The Wind Turbine Alternator 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:
- Unipolar
- Multipolar
- By Application:
- Shipping
- Power Locomotive
- Aerospace
- Chemical Industry
- Other
- 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 Turbine Alternator 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?
A wind turbine alternator is a type of electrical generator that converts the mechanical energy of wind into electricity.
Some of the key players operating in the wind turbine alternator market are ABB, Mersen, CRRC, NUOVA SACCARDO MOTORI, VEM Group, Enerset, COMER S.r.l..
The wind turbine alternator market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wind Turbine Alternator 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 Turbine Alternator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wind Turbine Alternator 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 Turbine Alternator 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 Turbine Alternator Market Size & Forecast, 2020-2028
4.5.1 Wind Turbine Alternator Market Size and Y-o-Y Growth
4.5.2 Wind Turbine Alternator 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 Unipolar
5.2.2 Multipolar
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 Shipping
6.2.2 Power Locomotive
6.2.3 Aerospace
6.2.4 Chemical Industry
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wind Turbine Alternator 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 Turbine Alternator 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 Unipolar
9.6.2 Multipolar
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 Shipping
9.10.2 Power Locomotive
9.10.3 Aerospace
9.10.4 Chemical Industry
9.10.5 Other
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 Unipolar
10.6.2 Multipolar
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 Shipping
10.10.2 Power Locomotive
10.10.3 Aerospace
10.10.4 Chemical Industry
10.10.5 Other
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 Unipolar
11.6.2 Multipolar
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 Shipping
11.10.2 Power Locomotive
11.10.3 Aerospace
11.10.4 Chemical Industry
11.10.5 Other
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 Unipolar
12.6.2 Multipolar
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 Shipping
12.10.2 Power Locomotive
12.10.3 Aerospace
12.10.4 Chemical Industry
12.10.5 Other
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 Unipolar
13.6.2 Multipolar
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 Shipping
13.10.2 Power Locomotive
13.10.3 Aerospace
13.10.4 Chemical Industry
13.10.5 Other
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 Turbine Alternator Market: Competitive Dashboard
14.2 Global Wind Turbine Alternator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Mersen
14.3.3 CRRC
14.3.4 NUOVA SACCARDO MOTORI
14.3.5 VEM Group
14.3.6 Enerset
14.3.7 COMER S.r.l.
