Market Overview:
The global wind energy equipment market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for clean and renewable energy sources across the globe. Additionally, government initiatives and regulations supporting the installation of wind turbines are also contributing to the growth of this market. The global wind energy equipment market is segmented on the basis of type, application, and region. On the basis of type, it is divided into self-supporting (free-standing) tower and guyed tower segments. The self-supporting (free-standing) tower segment held a major share in 2017 owing to its low installation cost as compared to other types of towers. However, with technological advancements in guyed towers such as use of composite materials for construction, this segment is expected to witness high growth during the forecast period. On the basis of application, it is classified into industrial use, residential use, and other applications segments. Industrial use accounted for a major share in 2017 due to rising demand from manufacturing industries across regions such as North America and Europe . However , with increasing awareness about benefits offered by wind turbines for residential applications such as reduction in electricity bills , this segment is projectedto grow at a higher CAGR duringthe forecast period .
Product Definition:
Wind energy equipment is machinery used to convert kinetic energy from the wind into mechanical or electrical energy. Wind turbines, for example, use blades to capture the wind's kinetic energy and convert it into rotational shaft power. This power can then be used to generate electricity or perform other tasks such as pumping water or grinding grain. Wind turbines are an important source of renewable electricity and are becoming increasingly popular in locations where there is significant potential for harnessing wind power.
Self-Supporting (Free-Standing) Tower:
Self-Supporting Tower (SST) is a type of wind turbine which does not require any support from the ground for its' operation. It consists of main rotor, hub, and blades. The tower is fixed with the help of cranes or by ropes to the main rotor during its' installation process.
Guyed Tower:
A guyed tower is a type of utility pole that has one or more supporting arms connected by a steel tube or cables to the main part of the pole. The wind energy equipment consists of rotors which are mounted on these towers and they create wind energy by using this tower as an axis. These types of towers are used in offshore locations for installing wind turbines which are very much helpful in producing electricity from the renewable source of energy, i.e., from the wind.
Application Insights:
The industrial use segment dominated the global wind energy equipment market in 2017, accounting for over 71.0% share of the total revenue. The growth of this application segment is attributed to the growing demand for electricity generation from wind turbines in order to power manufacturing and other industrial facilities. Furthermore, governments are investing significantly in order to establish a robust infrastructure supporting the development of offshore and onshore wind energy projects across various regions including Europe, Asia Pacific and North America.
The residential sector is expected to witness significant growth over the forecast period owing to increasing government support towards installation of rooftop solar systems coupled with rising awareness about clean renewable sources such as wind turbine installations at home or at a place of business. In addition, growing concerns regarding high electricity costs along with an increase in disposable income levels among certain demographics have led them towards adopting cleaner sources such as renewable energy that can be used directly by consumers without any additional cost or expenditure incurred on their part.
Regional Analysis:
The wind energy equipment market in the Asia Pacific region is anticipated to grow at a rapid pace over the forecast period. The growth can be attributed to increasing government support for wind power projects, rising awareness about renewable energy, and growing need for clean electricity generation. China accounted for more than 50% of total installations in 2016 and is expected to continue its dominance over the next eight years. In addition, India has set an ambitious target of installing 175 GW capacity by 2022 through various policies such as “Housing For All†scheme and “Atal Mission Verification Of Accomplishment (AMVAC)†scheme.
North America was one of the largest regional markets with respect to installation volume owing to high levels of public acceptance towards green technologies such as wind farms & turbines coupled with relatively higher level of consciousness regarding climate change issues compared to other regions across the globe.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in emerging economies
- Government policies and regulations supporting the development of wind energy infrastructure
- Reduction in the cost of wind energy equipment due to technological advancements and economies of scale
- Growing awareness about the benefits of renewable energy sources among consumers and businesses
- Expansion of global trade in wind energy equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Wind Energy Equipment Market Research Report
By Type
Self-Supporting (Free-Standing) Tower, Guyed Tower
By Application
Industrial Use, Residential Use, Other
By Companies
GE Energy, Siemens(Gamesa), Vestas, Suzlon, Siemens, Mitsubishi, Goldwind, Enercon, China Ming Yang, Senvion, Nordex, Valmont Industries
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Wind Energy Equipment Market Report Segments:
The global Wind Energy Equipment market is segmented on the basis of:
Types
Self-Supporting (Free-Standing) Tower, Guyed Tower
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
Industrial Use, Residential Use, 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:
- GE Energy
- Siemens(Gamesa)
- Vestas
- Suzlon
- Siemens
- Mitsubishi
- Goldwind
- Enercon
- China Ming Yang
- Senvion
- Nordex
- Valmont Industries
Highlights of The Wind Energy 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:
- Self-Supporting (Free-Standing) Tower
- Guyed Tower
- By Application:
- Industrial Use
- Residential Use
- 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 Energy 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 energy equipment is a collection of devices used to capture wind power. These devices can include towers, blades, and other structures that are used to convert the kinetic energy of the wind into electrical power.
Some of the key players operating in the wind energy equipment market are GE Energy, Siemens(Gamesa), Vestas, Suzlon, Siemens, Mitsubishi, Goldwind, Enercon, China Ming Yang, Senvion, Nordex, Valmont Industries.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wind Energy Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wind Energy Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wind Energy Equipment Market - Supply Chain
4.5. Global Wind Energy Equipment Market Forecast
4.5.1. Wind Energy Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wind Energy Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wind Energy Equipment Market Absolute $ Opportunity
5. Global Wind Energy Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wind Energy Equipment Market Size and Volume Forecast by Type
5.3.1. Self-Supporting (Free-Standing) Tower
5.3.2. Guyed Tower
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wind Energy Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wind Energy Equipment Market Size and Volume Forecast by Application
6.3.1. Industrial Use
6.3.2. Residential Use
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wind Energy Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wind Energy Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wind Energy Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wind Energy Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wind Energy Equipment Demand Share Forecast, 2019-2026
9. North America Wind Energy Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wind Energy Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wind Energy Equipment Market Size and Volume Forecast by Application
9.4.1. Industrial Use
9.4.2. Residential Use
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wind Energy Equipment Market Size and Volume Forecast by Type
9.7.1. Self-Supporting (Free-Standing) Tower
9.7.2. Guyed Tower
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wind Energy Equipment Demand Share Forecast, 2019-2026
10. Latin America Wind Energy Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wind Energy Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wind Energy Equipment Market Size and Volume Forecast by Application
10.4.1. Industrial Use
10.4.2. Residential Use
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wind Energy Equipment Market Size and Volume Forecast by Type
10.7.1. Self-Supporting (Free-Standing) Tower
10.7.2. Guyed Tower
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wind Energy Equipment Demand Share Forecast, 2019-2026
11. Europe Wind Energy Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wind Energy Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wind Energy Equipment Market Size and Volume Forecast by Application
11.4.1. Industrial Use
11.4.2. Residential Use
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wind Energy Equipment Market Size and Volume Forecast by Type
11.7.1. Self-Supporting (Free-Standing) Tower
11.7.2. Guyed Tower
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wind Energy Equipment Demand Share, 2019-2026
12. Asia Pacific Wind Energy Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wind Energy Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wind Energy Equipment Market Size and Volume Forecast by Application
12.4.1. Industrial Use
12.4.2. Residential Use
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wind Energy Equipment Market Size and Volume Forecast by Type
12.7.1. Self-Supporting (Free-Standing) Tower
12.7.2. Guyed Tower
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wind Energy Equipment Demand Share, 2019-2026
13. Middle East & Africa Wind Energy Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wind Energy Equipment Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wind Energy Equipment Market Size and Volume Forecast by Application
13.4.1. Industrial Use
13.4.2. Residential Use
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wind Energy Equipment Market Size and Volume Forecast by Type
13.7.1. Self-Supporting (Free-Standing) Tower
13.7.2. Guyed Tower
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wind Energy Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wind Energy Equipment Market: Market Share Analysis
14.2. Wind Energy Equipment Distributors and Customers
14.3. Wind Energy Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE Energy
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens(Gamesa)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Vestas
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Suzlon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siemens
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Goldwind
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Enercon
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. China Ming Yang
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Senvion
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nordex
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Valmont Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
