Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Wind power spindle Market by Type (Below 2MW, 2MW-4MW, Above 4MW), By Application (Onshore Wind Power, Offshore Wind Power) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Wind power spindle Market by Type (Below 2MW, 2MW-4MW, Above 4MW), By Application (Onshore Wind Power, Offshore Wind Power) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 157157 3300 Machinery & Equipment 377 243 Pages 4.7 (50)

Market Overview:

The global wind power spindle 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 across the globe and the rising awareness about climate change and its effects. The global wind power spindle market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into below 2MW, 2MW-4MW, and above 4MW segments. The below 2 MW segment is expected to account for a major share of the global wind power spindle market due to its low installation cost as compared to other types of turbines. On the basis of application, it can be classified into onshore wind power and offshore wind power segments.

Global Wind power spindle Industry Outlook

Product Definition:

Wind power spindle is a component of wind turbines that extract rotational kinetic energy from the wind and convert it into electrical energy.

Below 2MW:

Below 2MW size wind turbine has a capacity between 0.75 to 1.5 MW and it is majorly used in onshore wind power installation, owing to its ease of operation and low cost as compared to offshore turbines of same capacity.


2MW-4MW is the new name for wind power spindle. It was earlier known as MW-class turbine. The 2MW-4MW wind power spindle has a capacity between 2 to 4 megawatts and it's used in onshore and offshore wind farms for electricity generation purposes.

Application Insights:

Onshore wind power was the largest application segment in 2016, accounting for over 71% of the total revenue share. The segment is expected to witness significant growth owing to increasing onshore projects in China, Brazil and Mexico. Onshore projects are generally cheaper than offshore as they do not require expensive deep-water installation; however, they suffer from higher levels of curtailment as compared to their offshore counterparts.

The demand for wind turbines has witnessed tremendous growth across all major economies worldwide due largely to supportive government policies and tax rebates offered by some countries on installing domestic models. Countries such as Germany, U.S.

Regional Analysis:

The Asia Pacific accounted for the largest revenue share of over 40% in 2017. The region is expected to continue its dominance over the forecast period owing to increasing wind power capacity and turbine manufacturing in China, Japan, South Korea, India and Australia. Moreover, growing awareness regarding renewable energy sources is anticipated to drive regional market growth.

North America was valued at USD X million in 2017 owing to high wind farm installations across U.S., which has resulted into higher product demand from 2016 to 2018 as comparedto other countries globally; this trend is expected t o continue over the forecast period as well due t o increased focus on clean energy generation by government agencies such as EIA (Energy Information Administration) and IEA (International Energy Agency).

Growth Factors:

  • Increasing demand for wind power due to concerns about global warming and climate change
  • Government policies and regulations supporting the growth of wind power installations
  • Reduction in the cost of wind power technology, making it more competitive with other forms of energy generation
  • Growing interest in distributed or community-based renewable energy projects
  • Accelerating deployment of offshore wind farms

Scope Of The Report

Report Attributes

Report Details

Report Title

Wind power spindle Market Research Report

By Type

Below 2MW, 2MW-4MW, Above 4MW

By Application

Onshore Wind Power, Offshore Wind Power

By Companies

PILSENSTEELs.r.o., Metalcam, Teawoong, MyongKwang, PSM, Tongyu Heavy, Laiwu Jinlei

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Wind power spindle Market Report Segments:

The global Wind power spindle market is segmented on the basis of:


Below 2MW, 2MW-4MW, Above 4MW

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.


Onshore Wind Power, Offshore Wind Power

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:

  1. PILSENSTEELs.r.o.
  2. Metalcam
  3. Teawoong
  4. MyongKwang
  5. PSM
  6. Tongyu Heavy
  7. Laiwu Jinlei

Global Wind power spindle Market Overview

Highlights of The Wind power spindle Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Below 2MW
    2. 2MW-4MW
    3. Above 4MW
  1. By Application:

    1. Onshore Wind Power
    2. Offshore Wind Power
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Wind power spindle 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

Global Wind power spindle Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Wind power spindle is a machine that converts the kinetic energy of wind into rotational energy to generate electricity.

Some of the key players operating in the wind power spindle market are PILSENSTEELs.r.o., Metalcam, Teawoong, MyongKwang, PSM, Tongyu Heavy, Laiwu Jinlei.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Wind power spindle 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 power spindle Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Wind power spindle Market - Supply Chain
   4.5. Global Wind power spindle Market Forecast
      4.5.1. Wind power spindle Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Wind power spindle Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Wind power spindle Market Absolute $ Opportunity

5. Global Wind power spindle 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 power spindle Market Size and Volume Forecast by Type
      5.3.1. Below 2MW
      5.3.2. 2MW-4MW
      5.3.3. Above 4MW
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Wind power spindle 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 power spindle Market Size and Volume Forecast by Application
      6.3.1. Onshore Wind Power
      6.3.2. Offshore Wind Power
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Wind power spindle 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 power spindle 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 power spindle 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 power spindle 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 power spindle Demand Share Forecast, 2019-2026

9. North America Wind power spindle 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 power spindle 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 power spindle Market Size and Volume Forecast by Application
      9.4.1. Onshore Wind Power
      9.4.2. Offshore Wind Power
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Wind power spindle Market Size and Volume Forecast by Type
      9.7.1. Below 2MW
      9.7.2. 2MW-4MW
      9.7.3. Above 4MW
   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 power spindle Demand Share Forecast, 2019-2026

10. Latin America Wind power spindle 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 power spindle 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 power spindle Market Size and Volume Forecast by Application
      10.4.1. Onshore Wind Power
      10.4.2. Offshore Wind Power
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Wind power spindle Market Size and Volume Forecast by Type
      10.7.1. Below 2MW
      10.7.2. 2MW-4MW
      10.7.3. Above 4MW
   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 power spindle Demand Share Forecast, 2019-2026

11. Europe Wind power spindle 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 power spindle 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 power spindle Market Size and Volume Forecast by Application
      11.4.1. Onshore Wind Power
      11.4.2. Offshore Wind Power
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Wind power spindle Market Size and Volume Forecast by Type
      11.7.1. Below 2MW
      11.7.2. 2MW-4MW
      11.7.3. Above 4MW
   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 power spindle Demand Share, 2019-2026

12. Asia Pacific Wind power spindle 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 power spindle 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 power spindle Market Size and Volume Forecast by Application
      12.4.1. Onshore Wind Power
      12.4.2. Offshore Wind Power
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Wind power spindle Market Size and Volume Forecast by Type
      12.7.1. Below 2MW
      12.7.2. 2MW-4MW
      12.7.3. Above 4MW
   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 power spindle Demand Share, 2019-2026

13. Middle East & Africa Wind power spindle 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 power spindle 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 power spindle Market Size and Volume Forecast by Application
      13.4.1. Onshore Wind Power
      13.4.2. Offshore Wind Power
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Wind power spindle Market Size and Volume Forecast by Type
      13.7.1. Below 2MW
      13.7.2. 2MW-4MW
      13.7.3. Above 4MW
   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 power spindle Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Wind power spindle Market: Market Share Analysis
   14.2. Wind power spindle Distributors and Customers
   14.3. Wind power spindle Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. PILSENSTEELs.r.o. Overview Financials Developments Strategic Outlook
      14.4.2. Metalcam Overview Financials Developments Strategic Outlook
      14.4.3. Teawoong Overview Financials Developments Strategic Outlook
      14.4.4. MyongKwang Overview Financials Developments Strategic Outlook
      14.4.5. PSM Overview Financials Developments Strategic Outlook
      14.4.6. Tongyu Heavy Overview Financials Developments Strategic Outlook
      14.4.7. Laiwu Jinlei Overview Financials Developments Strategic Outlook
      14.4.8. COMPANY8 Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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