Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Wind Turbine Market by Type (Horizontal-Axis Wind Turbine, Vertical-Axis Wind Turbine, Other), By Application (Land Wind, Offshore Wind, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Wind Turbine Market by Type (Horizontal-Axis Wind Turbine, Vertical-Axis Wind Turbine, Other), By Application (Land Wind, Offshore Wind, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 219746 3300 Machinery & Equipment 377 234 Pages 4.7 (38)
                                          

The global wind turbine market is expected to grow at a CAGR of 8.5% during the forecast period, from 2021 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources and the need for reducing carbon emissions. The land wind segment is expected to dominate the global wind turbine market during the forecast period, due to its higher adoption rate as compared with offshore wind turbines.

  1. Wind Turbine market growth is driven by the increasing demand for renewable energy sources.
  2. The increasing population and the growing need for electricity are also driving factors in the growth of this market.
  3. The increase in government support for renewable energy sources is also a factor in this market's growth, as well as increased investment from private companies and venture capitalists into wind turbine technology research and development.
  4. The decreasing cost of wind turbines is another factor that will drive this market's growth, as it will make them more accessible to developing countries with less capital to invest in these technologies, which will help them meet their energy needs while reducing their carbon footprint on the environment at a lower cost than other methods of generating power such as coal or natural gas-fired power plants.
  5. Increasing awareness about climate change and its effects on our planet are also driving factors that will contribute to the Wind Turbine Market's continued growth over time.

Industry Growth Insights published a new data on “Wind Turbine Market”. The research report is titled “Wind Turbine Market research by Types (Horizontal-Axis Wind Turbine, Vertical-Axis Wind Turbine, Other), By Applications (Land Wind, Offshore Wind, Other), By Players/Companies Goldwind, LEITWIND, Nordex Energy, Senvion, Siemens Wind Power and Renewables, Vestas, Suzlon, ENERCON, GAMESA ELECTRIC, GE Renewable Energy, GE Wind Turbines”.

Scope Of The Report

Report Attributes

Report Details

Report Title

Wind Turbine Market Research Report

By Type

Horizontal-Axis Wind Turbine, Vertical-Axis Wind Turbine, Other

By Application

Land Wind, Offshore Wind, Other

By Companies

Goldwind, LEITWIND, Nordex Energy, Senvion, Siemens Wind Power and Renewables, Vestas, Suzlon, ENERCON, GAMESA ELECTRIC, GE Renewable Energy, GE Wind Turbines

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

234

Number of Tables & Figures

164

Customization Available

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


Global Wind Turbine Industry Outlook


Global Wind Turbine Market Report Segments:

The global Wind Turbine market is segmented on the basis of:

Types

Horizontal-Axis Wind Turbine, Vertical-Axis Wind Turbine, Other

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

Land Wind, Offshore Wind, 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:

  1. Goldwind
  2. LEITWIND
  3. Nordex Energy
  4. Senvion
  5. Siemens Wind Power and Renewables
  6. Vestas
  7. Suzlon
  8. ENERCON
  9. GAMESA ELECTRIC
  10. GE Renewable Energy
  11. GE Wind Turbines

Global Wind Turbine Market Overview


Highlights of The Wind Turbine 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. Horizontal-Axis Wind Turbine
    2. Vertical-Axis Wind Turbine
    3. Other
  1. By Application:

    1. Land Wind
    2. Offshore Wind
    3. Other
  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 Turbine 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 Turbine 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?


A wind turbine is a device that converts the kinetic energy of wind into mechanical power.

Some of the key players operating in the wind turbine market are Goldwind, LEITWIND, Nordex Energy, Senvion, Siemens Wind Power and Renewables, Vestas, Suzlon, ENERCON, GAMESA ELECTRIC, GE Renewable Energy, GE Wind Turbines.

The wind turbine market is expected to register a CAGR of 8.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

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

5. Global Wind Turbine 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 Turbine Market Size and Volume Forecast by Type
      5.3.1. Horizontal-Axis Wind Turbine
      5.3.2. Vertical-Axis Wind Turbine
      5.3.3. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Wind Turbine 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 Turbine Market Size and Volume Forecast by Application
      6.3.1. Land Wind
      6.3.2. Offshore Wind
      6.3.3. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Wind Turbine 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 Turbine 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 Turbine 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 Turbine 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 Turbine Demand Share Forecast, 2019-2026

9. North America Wind Turbine 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 Turbine 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 Turbine Market Size and Volume Forecast by Application
      9.4.1. Land Wind
      9.4.2. Offshore Wind
      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 Turbine Market Size and Volume Forecast by Type
      9.7.1. Horizontal-Axis Wind Turbine
      9.7.2. Vertical-Axis Wind Turbine
      9.7.3. Other
   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 Turbine Demand Share Forecast, 2019-2026

10. Latin America Wind Turbine 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 Turbine 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 Turbine Market Size and Volume Forecast by Application
      10.4.1. Land Wind
      10.4.2. Offshore Wind
      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 Turbine Market Size and Volume Forecast by Type
      10.7.1. Horizontal-Axis Wind Turbine
      10.7.2. Vertical-Axis Wind Turbine
      10.7.3. Other
   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 Turbine Demand Share Forecast, 2019-2026

11. Europe Wind Turbine 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 Turbine 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 Turbine Market Size and Volume Forecast by Application
      11.4.1. Land Wind
      11.4.2. Offshore Wind
      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 Turbine Market Size and Volume Forecast by Type
      11.7.1. Horizontal-Axis Wind Turbine
      11.7.2. Vertical-Axis Wind Turbine
      11.7.3. Other
   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 Turbine Demand Share, 2019-2026

12. Asia Pacific Wind Turbine 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 Turbine 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 Turbine Market Size and Volume Forecast by Application
      12.4.1. Land Wind
      12.4.2. Offshore Wind
      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 Turbine Market Size and Volume Forecast by Type
      12.7.1. Horizontal-Axis Wind Turbine
      12.7.2. Vertical-Axis Wind Turbine
      12.7.3. Other
   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 Turbine Demand Share, 2019-2026

13. Middle East & Africa Wind Turbine 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 Turbine 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 Turbine Market Size and Volume Forecast by Application
      13.4.1. Land Wind
      13.4.2. Offshore Wind
      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 Turbine Market Size and Volume Forecast by Type
      13.7.1. Horizontal-Axis Wind Turbine
      13.7.2. Vertical-Axis Wind Turbine
      13.7.3. Other
   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 Turbine Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Wind Turbine Market: Market Share Analysis
   14.2. Wind Turbine Distributors and Customers
   14.3. Wind Turbine Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Goldwind
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. LEITWIND
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Nordex Energy
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Senvion
         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 Wind Power and Renewables
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Vestas
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Suzlon
         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. GAMESA ELECTRIC
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. GE Renewable Energy
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. GE Wind Turbines
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         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

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