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Wind Turbine Market by Axis Type, by Installation, by Component, and by Application: Global Opportunity Analysis and Industry Forecast 2021-2030

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    Report

  • 447 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5578348
Description Jump to:
The global wind turbine market was valued at $53.4 billion in 2020, and is projected to reach $98.4 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030



A wind turbine is a device that converts kinetic energy of wind into electrical energy. The blades of a wind turbine turn between revolute 13-20 times per minute, depending on their technology, at a constant or variable velocity, where the velocity of rotor varies in relation to the velocity of wind to reach a greater efficiency. Moreover, wind turbines have an average service life of over 25, years and rapid evolution of wind technology has led to increase in the durability of wind turbines. Furthermore, increase in governmental tariffs along with market assisting programs have increased the demand for wind energy as an efficient and alternative solution to decrease the carbon emissions. In addition, rise in R&D in wind power energy has created lucrative opportunities for the market. The factors that drive the market growth are increase in awareness toward boosting green energy, rise in energy consumption across the globe, growth in offshore wind energy, and cost & performance efficiency of wind turbine.

Moreover, the U.S. Department of Energy's Wind Energy Technologies Office (WETO) funds research nationwide to enable the development and deployment of offshore wind technologies that can capture wind resources off the coasts of the U.S. and convert that wind into electricity

The wind turbine market is segmented on the basis of axis type, installation, component, application, and region. Depending on axis type, the market is categorized into horizontal and vertical. According to installation, it is divided into onshore and offshore. On the basis of component, it is classified into rotator blade, gearbox, generator, nacelle, and others. As per application, it is fragmented into industrial, commercial, residential, and utility. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global wind turbine market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Enercon GmbH, Gamesa, General Electric, Goldwind, Guodian United Power Technology Company Ltd., Ming Yang, Siemens, Sinovel Wind Group Co. Ltd., Suzlon Energy Ltd., and Vestas Wind Systems A/S.

KEY BENEFITS FOR STAKEHOLDERS

  • The report provides an extensive qualitative and quantitative analysis of the current market trends and future estimations of the global wind turbine from 2021 to 2030 to determine the prevailing opportunities
  • A comprehensive analysis of the factors that drive and restrict the wind turbine growth is provided
  • Estimations and forecast are based on factors impacting the wind turbine market growth, in terms of value
  • Profiles of leading players operating in the wind turbine market are provided to understand the global competitive scenario
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable wind turbine market growth

KEY MARKET SEGMENTS


By Axis Type

  • Horizontal
  • Vertical

By Installation

  • Onshore
  • Offshore

By Component

  • Rotator Blade
  • Gearbox
  • Generator
  • Nacelle
  • Others

By Application

  • Industrial
  • Commercial
  • Residential
  • Utility

By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Companies are taken from old report

  • Enercon GmbH
  • Gamesa
  • General Electric
  • Goldwind
  • Guodian United Power Technology Company Ltd
  • Ming Yang
  • Siemens
  • Sinovel Wind Group Co Ltd
  • Suzlon Energy Ltd
  • Vestas Wind Systems A/S

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits for Stakeholders
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Key Findings
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.3. Key Forces Shaping the Market
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Wind Turbines Are Incredible and Space-Efficient
3.4.1.2. Favorable Government Policies
3.4.2. Restraints
3.4.2.1. Area Dependency of Wind Power Plant
3.4.3. Opportunities
3.4.3.1. Increasing Investments in Renewable Sources of Energy
3.5. Pricing Analysis
3.6. Value Chain Analysis
3.7. Impact of Key Regulations on the Global Wind Turbine Market
3.8. Impact of Corona (Covid-19) Outbreak on the Market
Chapter 4: Global Wind Turbine, by Axis Type
4.1. Overview
4.1.1. Market Size and Forecast, by Axis Type
4.2. Horizontal
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, 2020-2030
4.2.3. Market Size and Forecast, 2020-2030
4.3. Vertical
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, 2020-2030
4.3.3. Market Size and Forecast, 2020-2030
Chapter 5: Global Wind Turbine, by Installation
5.1. Overview
5.1.1. Market Size and Forecast, by Installation
5.2. Onshore
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, 2020-2030
5.2.3. Market Size and Forecast, 2020-2030
5.3. Offshore
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, 2020-2030
5.3.3. Market Size and Forecast, 2020-2030
Chapter 6: Global Wind Turbine, by Component
6.1. Overview
6.1.1. Market Size and Forecast, by Component
6.2. Rotator Blade
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, 2020-2030
6.2.3. Market Size and Forecast, 2020-2030
6.3. Gearbox
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, 2020-2030
6.3.3. Market Size and Forecast, 2020-2030
6.4. Generator
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, 2020-2030
6.4.3. Market Size and Forecast, 2020-2030
6.5. Nacelle
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast, 2020-2030
6.5.3. Market Size and Forecast, 2020-2030
6.6. Others
6.6.1. Key Market Trends, Growth Factors, and Opportunities
6.6.2. Market Size and Forecast, 2020-2030
6.6.3. Market Size and Forecast, 2020-2030
Chapter 7: Global Wind Turbine Market, by Application
7.1. Overview
7.1.1. Market Size and Forecast, by Installation
7.2. Residential
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, 2020-2030
7.2.3. Market Size and Forecast, 2020-2030
7.3. Commercial
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, 2020-2030
7.3.3. Market Size and Forecast, 2020-2030
7.4. Industrial
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, 2020-2030
7.4.3. Market Size and Forecast, 2020-2030
7.5. Utility
7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast, 2020-2030
7.5.3. Market Size and Forecast, 2020-2030
Chapter 8: Global Wind Turbine Market, by Region
8.1. Overview
8.1.1. Market Size and Forecast, by Region
8.2. North America
8.2.1. Key Market Trends, Growth Factors, and Opportunities
8.2.2. Market Size and Forecast, by Axis Type
8.2.3. Market Size and Forecast, by Installation
8.2.4. Market Size and Forecast, by Component
8.2.5. Market Size and Forecast, by Application
8.2.6. Market Size and Forecast, by Country
8.2.6.1. U. S.
8.2.6.1.1. Market Size and Forecast, by Axis Type
8.2.6.1.2. Market Size and Forecast, by Installation
8.2.6.1.3. Market Size and Forecast, by Component
8.2.6.1.4. Market Size and Forecast, by Application
8.2.6.2. Canada
8.2.6.2.1. Market Size and Forecast, by Axis Type
8.2.6.2.2. Market Size and Forecast, by Installation
8.2.6.2.3. Market Size and Forecast, by Component
8.2.6.2.4. Market Size and Forecast, by Application
8.2.6.3. Mexico
8.2.6.3.1. Market Size and Forecast, by Axis Type
8.2.6.3.2. Market Size and Forecast, by Installation
8.2.6.3.3. Market Size and Forecast, by Component
8.2.6.3.4. Market Size and Forecast, by Application
8.3. Europe
8.3.1. Key Market Trends, Growth Factors, and Opportunities
8.3.2. Market Size and Forecast, by Axis Type
8.3.3. Market Size and Forecast, by Component
8.3.4. Market Size and Forecast, by Installation
8.3.5. Market Size and Forecast, by Application
8.3.6. Market Size and Forecast, by Country
8.3.6.1. Germany
8.3.6.1.1. Market Size and Forecast, by Axis Type
8.3.6.1.2. Market Size and Forecast, by Installation
8.3.6.1.3. Market Size and Forecast, by Component
8.3.6.1.4. Market Size and Forecast, by Application
8.3.6.2. France
8.3.6.2.1. Market Size and Forecast, by Axis Type
8.3.6.2.2. Market Size and Forecast, by Installation
8.3.6.2.3. Market Size and Forecast, by Component
8.3.6.2.4. Market Size and Forecast, by Application
8.3.6.3. Italy
8.3.6.3.1. Market Size and Forecast, by Axis Type
8.3.6.3.2. Market Size and Forecast, by Installation
8.3.6.3.3. Market Size and Forecast, by Component
8.3.6.3.4. Market Size and Forecast, by Application
8.3.6.4. Spain
8.3.6.4.1. Market Size and Forecast, by Axis Type
8.3.6.4.2. Market Size and Forecast, by Installation
8.3.6.4.3. Market Size and Forecast, by Component
8.3.6.4.4. Market Size and Forecast, by Application
8.3.6.5. Uk
8.3.6.5.1. Market Size and Forecast, by Axis Type
8.3.6.5.2. Market Size and Forecast, by Installation
8.3.6.5.3. Market Size and Forecast, by Component
8.3.6.5.4. Market Size and Forecast, by Application
8.3.6.6. Rest of Europe
8.3.6.6.1. Market Size and Forecast, by Axis Type
8.3.6.6.2. Market Size and Forecast, by Installation
8.3.6.6.3. Market Size and Forecast, by Component
8.3.6.6.4. Market Size and Forecast, by Application
8.4. Asia-Pacific
8.4.1. Key Market Trends, Growth Factors, and Opportunities
8.4.2. Market Size and Forecast, by Axis Type
8.4.3. Market Size and Forecast, by Installation
8.4.4. Market Size and Forecast, by Component
8.4.5. Market Size and Forecast, by Application
8.4.6. Market Size and Forecast, by Country
8.4.6.1. China
8.4.6.1.1. Market Size and Forecast, by Axis Type
8.4.6.1.2. Market Size and Forecast, by Installation
8.4.6.1.3. Market Size and Forecast, by Component
8.4.6.1.4. Market Size and Forecast, by Application
8.4.6.2. India
8.4.6.2.1. Market Size and Forecast, by Axis Type
8.4.6.2.2. Market Size and Forecast, by Installation
8.4.6.2.3. Market Size and Forecast, by Component
8.4.6.2.4. Market Size and Forecast, by Application
8.4.6.3. Japan
8.4.6.3.1. Market Size and Forecast, by Axis Type
8.4.6.3.2. Market Size and Forecast, by Installation
8.4.6.3.3. Market Size and Forecast, by Component
8.4.6.3.4. Market Size and Forecast, by Application
8.4.6.4. South Korea
8.4.6.4.1. Market Size and Forecast, by Axis Type
8.4.6.4.2. Market Size and Forecast, by Installation
8.4.6.4.3. Market Size and Forecast, by Component
8.4.6.4.4. Market Size and Forecast, by Application
8.4.6.5. Australia
8.4.6.5.1. Market Size and Forecast, by Axis Type
8.4.6.5.2. Market Size and Forecast, by Installation
8.4.6.5.3. Market Size and Forecast, by Component
8.4.6.5.4. Market Size and Forecast, by Application
8.4.6.6. Rest of Asia-Pacific
8.4.6.6.1. Market Size and Forecast, by Axis Type
8.4.6.6.2. Market Size and Forecast, by Installation
8.4.6.6.3. Market Size and Forecast, by Component
8.4.6.6.4. Market Size and Forecast, by Application
8.5. Lamea
8.5.1. Key Market Trends, Growth Factors, and Opportunities
8.5.2. Market Size and Forecast, by Axis Type
8.5.3. Market Size and Forecast, by Installation
8.5.4. Market Size and Forecast, by Component
8.5.5. Market Size and Forecast, by Application
8.5.6. Market Size and Forecast, by Country
8.5.6.1. Brazil
8.5.6.1.1. Market Size and Forecast, by Axis Type
8.5.6.1.2. Market Size and Forecast, by Installation
8.5.6.1.3. Market Size and Forecast, by Component
8.5.6.1.4. Market Size and Forecast, by Application
8.5.6.2. Saudi Arabia
8.5.6.2.1. Market Size and Forecast, by Axis Type
8.5.6.2.2. Market Size and Forecast, by Installation
8.5.6.2.3. Market Size and Forecast, by Component
8.5.6.2.4. Market Size and Forecast, by Application
8.5.6.3. South Africa
8.5.6.3.1. Market Size and Forecast, by Axis Type
8.5.6.3.2. Market Size and Forecast, by Installation
8.5.6.3.3. Market Size and Forecast, by Component
8.5.6.3.4. Market Size and Forecast, by Application
8.5.6.4. Rest of LAMEA
8.5.6.4.1. Market Size and Forecast, by Axis Type
8.5.6.4.2. Market Size and Forecast, by Installation
8.5.6.4.3. Market Size and Forecast, by Component
8.5.6.4.4. Market Size and Forecast, by Application
Chapter 9: Competitive Landscape
9.1. Introduction
9.1.1. Market Player Positioning, 2020
9.1.2. Company Share Analysis, 2020
9.2. Top Winning Strategies
9.2.1. Top Winning Strategies, by Year
9.2.2. Top Winning Strategies, by Development
9.2.3. Top Winning Strategies, by Company
9.3. Product Mapping of Top 10 Players
9.4. Competitive Heatmap
9.5. Key Developments
9.5.1. New Product Launches
9.5.2. Expansions
Chapter 10: Company Profiles
10.1. Enercon GmbH
10.1.1. Company Overview
10.1.2. Company Snapshot
10.1.3. Key Executives
10.1.4. Operating Business Segments
10.1.5. Product Portfolio
10.1.6. Business Performance
10.1.7. Key Strategic Moves and Developments
10.1.8. Enercon Gmbh- SWOT Analysis
10.2. General Electric
10.2.1. Company Overview
10.2.2. Company Snapshot
10.2.3. Product Portfolio
10.2.4. General Electric - SWOT Analysis
10.3. Goldwind
10.3.1. Company Overview
10.3.2. Company Snapshot
10.3.3. Key Executives
10.3.4. Product Portfolio
10.3.5. Business Performance
10.3.6. Goldwind - SWOT Analysis
10.4. Nordex Se
10.4.1. Company Overview
10.4.2. Company Snapshot
10.4.3. Key Executives
10.4.4. Operating Business Segments
10.4.5. Product Portfolio
10.4.6. Business Performance
10.4.7. Nordex Se - SWOT Analysis
10.5. Regen Powertech
10.5.1. Company Overview
10.5.2. Company Snapshot
10.5.3. Key Executives
10.5.4. Operating Business Segments
10.5.5. Product Portfolio
10.5.6. Business Performance
10.5.7. Key Strategic Moves and Developments
10.5.8. Regen Powertech - SWOT Analysis
10.6. Siemens Energy
10.6.1. Company Overview
10.6.2. Company Snapshot
10.6.3. Key Executives
10.6.4. Operating Business Segments
10.6.5. Product Portfolio
10.6.6. Business Performance
10.6.7. Key Strategic Moves and Developments
10.6.8. Siemens Energy - SWOT Analysis
10.7. Sinovel Wind Group
10.7.1. Company Overview
10.7.2. Company Snapshot
10.7.3. Key Executives
10.7.4. Operating Business Segments
10.7.5. Product Portfolio
10.7.6. Business Performance
10.7.7. Sinovel Wind Group - SWOT Analysis
10.8. Suzlon Energy Limited
10.8.1. Company Overview
10.8.2. Company Snapshot
10.8.3. Key Executives
10.8.4. Product Portfolio
10.8.5. Suzlon Energy Limited - SWOT Analysis
10.9. Vestas
10.9.1. Company Overview
10.9.2. Company Snapshot
10.9.3. Key Executives
10.9.4. Operating Business Segments
10.9.5. Product Portfolio
10.9.6. Business Performance
10.9.7. Key Strategic Moves and Developments
10.9.8. Vestas - SWOT Analysis
10.10. Zhejiang Windey
10.10.1. Company Overview
10.10.2. Company Snapshot
10.10.3. Key Executives
10.10.4. Operating Business Segments
10.10.5. Product Portfolio
10.10.6. Business Performance
10.10.7. Key Strategic Moves and Developments
10.10.8. Zhejiang Windey - SWOT Analysis
List of Tables
Table 01. Global Wind Turbine, by Axis Type 2020–2030 ($Million)
Table 02. Global Wind Turbine, by Axis Type 2020–2030 (Gigawatt)
Table 03. Global Wind Turbine, by Installation 2020–2030 ($Million)
Table 04. Global Wind Turbine, by Installation 2020–2030 (Gigawatt)
Table 05. Global Wind Turbine, by Component 2020–2030 ($Million)
Table 06. Global Wind Turbine, by Component 2020–2030 (Gigawatt)
Table 07. Global Wind Turbine, by Application 2020–2030 ($Million)
Table 08. Global Wind Turbine, by Application 2020–2030 (Gigawatt)
Table 09. Global Wind Turbine Market, by Region 2020–2030 ($Million)
Table 10. Global Wind Turbine Market, by Region 2020–2030 (Gigawatt)
Table 11. North America Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 12. North America Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 13. North America Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 14. North America Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 15. North America Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 16. North America Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 17. North America Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 18. North America Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 19. North America Wind Turbine Market, by Country 2020–2030 ($Million)
Table 20. North America Wind Turbine Market, by Country, 2020–2030 (Gigawatt)
Table 21. U.S Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 22. U.S Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 23. U.S Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 24. U.S Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 25. U.S Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 26. U.S Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 27. U.S Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 28. U.S Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 29. Canada Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 30. Canada Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 31. Canada Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 32. Canada Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 33. Canada Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 34. Canada Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 35. Canada Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 36. Canada Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 37. Mexico Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 38. Mexico Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 39. Mexico Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 40. Mexico Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 41. Mexico Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 42. Mexico Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 43. Mexico Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 44. Mexico Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 45. Europe Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 46. Europe Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 47. Europe Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 48. Europe Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 49. Europe Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 50. Europe Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 51. Europe Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 52. Europe Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 53. Europe Wind Turbine Market, by Country 2020–2030 ($Million)
Table 54. Europe Wind Turbine Market, by Country, 2020–2030 (Gigawatt)
Table 55. Germany Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 56. Germany Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 57. Germany Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 58. Germany Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 59. Germany Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 60. Germany Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 61. Germany Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 62. Germany Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 63. France Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 64. France Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 65. France Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 66. France Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 67. France Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 68. France Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 69. France Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 70. France Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 71. Italy Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 72. Italy Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 73. Italy Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 74. Italy Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 75. Italy Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 76. Italy Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 77. Italy Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 78. Italy Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 79. Spain Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 80. Spain Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 81. Spain Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 82. Spain Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 83. Spain Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 84. Spain Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 85. Spain Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 86. Spain Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 87. Uk Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 88. Uk Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 89. Uk Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 90. Uk Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 91. Uk Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 92. Uk Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 93. Uk Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 94. Uk Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 95. Rest of Europe Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 96. Rest of Europe Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 97. Rest of Europe Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 98. Rest of Europe Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 99. Rest of Europe Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 100. Rest of Europe Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 101. Rest of Europe Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 102. Rest of Europe Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 103. Asia-Pacific Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 104. Asia-Pacific Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 105. Asia-Pacific Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 106. Asia-Pacific Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 107. Asia-Pacific Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 108. Asia-Pacific Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 109. Asia-Pacific Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 110. Asia-Pacific Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 111. Asia-Pacific Wind Turbine Market, by Country 2020–2030 ($Million)
Table 112. Asia-Pacific Wind Turbine Market, by Country, 2020–2030 (Gigawatt)
Table 113. China Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 114. China Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 115. China Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 116. China Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 117. China Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 118. China Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 119. China Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 120. China Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 121. India Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 122. India Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 123. India Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 124. India Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 125. India Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 126. India Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 127. India Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 128. India Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 129. Japan Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 130. Japan Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 131. Japan Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 132. Japan Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 133. Japan Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 134. Japan Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 135. Japan Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 136. Japan Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 137. South Korea Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 138. South Korea Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 139. South Korea Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 140. South Korea Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 141. South Korea Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 142. South Korea Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 143. South Korea Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 144. South Korea Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 145. Australia Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 146. Australia Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 147. Australia Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 148. Australia Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 149. Australia Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 150. Australia Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 151. Australia Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 152. Australia Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 153. Rest of Asia-Pacific Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 154. Rest of Asia-Pacific Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 155. Rest of Asia-Pacific Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 156. Rest of Asia-Pacific Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 157. Rest of Asia-Pacific Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 158. Rest of Asia-Pacific Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 159. Rest of Asia-Pacific Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 160. Rest of Asia-Pacific Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 161. Lamea Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 162. Lamea Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 163. Lamea Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 164. Lamea Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 165. Lamea Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 166. Lamea Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 167. Lamea Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 168. Lamea Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 169. Lamea Wind Turbine Market, by Country 2020–2030 ($Million)
Table 170. Lamea Wind Turbine Market, by Country, 2020–2030 (Gigawatt)
Table 171. Brazil Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 172. Brazil Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 173. Brazil Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 174. Brazil Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 175. Brazil Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 176. Brazil Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 177. Brazil Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 178. Brazil Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 179. Saudi Arabia Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 180. Saudi Arabia Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 181. Saudi Arabia Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 182. Saudi Arabia Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 183. Saudi Arabia Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 184. Saudi Arabia Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 185. Saudi Arabia Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 186. Saudi Arabia Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 187. South Africa Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 188. South Africa Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 189. South Africa Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 190. South Africa Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 191. South Africa Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 192. South Africa Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 193. South Africa Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 194. South Africa Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 195. Rest of LAMEA Wind Turbine Market, by Axis Type, 2020–2030 ($Million)
Table 196. Rest of LAMEA Wind Turbine Market, by Axis Type, 2020–2030 (Gigawatt)
Table 197. Rest of LAMEA Wind Turbine Market, by Installation, 2020–2030 ($Million)
Table 198. Rest of LAMEA Wind Turbine Market, by Installation, 2020–2030 (Gigawatt)
Table 199. Rest of LAMEA Wind Turbine Market, by Component, 2020–2030 ($Million)
Table 200. Rest of LAMEA Wind Turbine Market, by Component, 2020–2030 (Gigawatt)
Table 201. Rest of LAMEA Wind Turbine Market, by Application, 2020–2030 ($Million)
Table 202. Rest of LAMEA Wind Turbine Market, by Application, 2020–2030 (Gigawatt)
Table 203. Key New Product Launches (2017–2021)
Table 204. Key Expansions (2017–2021)
Table 205. Enercon Gmbh: Company Snapshot
Table 206. Enercon Gmbh: Key Executives
Table 207. Enercon Gmbh: Operating Segments
Table 208. Enercon Gmbh: Product Portfolio
Table 209. Overall Financial Status ($Million)
Table 210. Enercon Gmbh: Key Strategic Moves and Developments
Table 211. Enercon Gmbh: SWOT Analysis
Table 212. General Electric. : Company Snapshot
Table 213. General Electric. : Product Portfolio
Table 214. General Electric. : SWOT Analysis
Table 215. Goldwind: Company Snapshot
Table 216. Goldwind: Key Executives
Table 217. Goldwind: Product Portfolio
Table 218. Overall Financial Status ($Million)
Table 219. Goldwind: SWOT Analysis
Table 220. Nordex Se: Company Snapshot
Table 221. Nordex Se: Key Executives
Table 222. Nordex Se. : Operating Segments
Table 223. Nordex Se: Product Portfolio
Table 224. Overall Financial Status ($Million)
Table 225. Nordex Se: SWOT Analysis
Table 226. Regen Powertech: Company Snapshot
Table 227. Regen Powertech: Key Executives
Table 228. Regen Powertech: Operating Segments
Table 229. Regen Powertech: Product Portfolio
Table 230. Overall Financial Status ($Million)
Table 231. Regen Powertech: Key Strategic Moves and Developments
Table 232. Regen Powertech: SWOT Analysis
Table 233. Siemens Energy: Company Snapshot
Table 234. Siemens Energy: Key Executives
Table 235. Siemens Energy: Operating Segments
Table 236. Siemens Energy: Product Portfolio
Table 237. Overall Financial Status ($Million)
Table 238. Siemens Energy: Key Strategic Moves and Developments
Table 239. Siemens Energy: SWOT Analysis
Table 240. Sinovel Wind Group: Company Snapshot
Table 241. Sinovel Wind Group: Key Executives
Table 242. Sinovel Wind Group. : Operating Segments
Table 243. Sinovel Wind Group: Product Portfolio
Table 244. Overall Financial Status ($Million)
Table 245. Sinovel Wind Group: SWOT Analysis
Table 246. Suzlon Energy Limited: Company Snapshot
Table 247. Suzlon Energy Limited: Key Executives
Table 248. Suzlon Energy Limited: Product Portfolio
Table 249. Suzlon Energy Limited: SWOT Analysis
Table 250. Vestas: Company Snapshot
Table 251. Vestas: Key Executives
Table 252. Vestas: Operating Segments
Table 253. Vestas: Product Portfolio
Table 254. Overall Financial Status ($Million)
Table 255. Vestas: Key Strategic Moves and Developments
Table 256. Vestas: SWOT Analysis
Table 257. Zhejiang Windey: Company Snapshot
Table 258. Zhejiang Windey: Key Executives
Table 259. Zhejiang Windey: Operating Segments
Table 260. Zhejiang Windey: Product Portfolio
Table 261. Overall Financial Status ($Million)
Table 262. Zhejiang Windey: Key Strategic Moves and Developments
Table 263. Zhejiang Windey: SWOT Analysis
List of Figures
Figure 01. Global Wind Turbine Market Snapshot, by Segmentation, 2021–2030
Figure 02. Global Wind Turbine Market Snapshot, by Region, 2021–2030
Figure 03. Global Wind Turbine Market Segmentation
Figure 04. Top Investment Pockets
Figure 05. Moderate Bargaining Power of Suppliers
Figure 06. High Threat of New Entrants
Figure 07. Low Threat of Substitutes
Figure 08. Moderate Intensity of Competitive Rivalry
Figure 09. Moderate Bargaining Power of Buyers
Figure 10. Global Wind Turbine Dynamics
Figure 11. Pricing Analysis
Figure 12. Value Chain Analysis
Figure 13. Global Wind Turbine Revenue, by Axis Type ($ Million)
Figure 14. Global Wind Turbine Volume, by Axis Type (Gigawatt)
Figure 15. Market Size and Forecast, 2020-2030 ($ Million)
Figure 16. Market Size and Forecast, 2020-2030 (Gigawatt)
Figure 17. Market Size and Forecast, 2020-2030 ($ Million)
Figure 18. Market Size and Forecast, 2020-2030 (Gigawatt)
Figure 19. Global Wind Turbine Revenue, by Installation ($ Million)
Figure 20. Global Wind Turbine Volume, by Installation (Gigawatt)
Figure 21. Market Size and Forecast, 2020-2030 ($ Million)
Figure 22. Market Size and Forecast, 2020-2030 (Gigawatt)
Figure 23. Market Size and Forecast, 2020-2030 ($ Million)
Figure 24. Market Size and Forecast, 2020-2030 (Gigawatt)
Figure 25. Global Wind Turbine Revenue, by Component ($ Million)
Figure 26. Global Wind Turbine Volume, by Component (Gigawatt)
Figure 27. Market Size and Forecast, 2020-2030 ($ Million)
Figure 28. Market Size and Forecast, 2020-2030 (Gigawatt)
Figure 29. Market Size and Forecast, 2020-2030 ($ Million)
Figure 30. Market Size and Forecast, 2020-2030 (Gigawatt)
Figure 31. Market Size and Forecast, 2020-2030 ($ Million)
Figure 32. Market Size and Forecast, 2020-2030 (Gigawatt)
Figure 33. Market Size and Forecast, 2020-2030 ($ Million)
Figure 34. Market Size and Forecast, 2020-2030 (Gigawatt)
Figure 35. Market Size and Forecast, 2020-2030 ($ Million)
Figure 36. Market Size and Forecast, 2020-2030 (Gigawatt)
Figure 37. Global Wind Turbine Market Revenue, by Application ($ Million)
Figure 38. Global Wind Turbine Market Volume, by Application (Gigawatt)
Figure 39. Market Size and Forecast, 2020-2030 ($ Million)
Figure 40. Market Size and Forecast, 2020-2030 (Gigawatt)
Figure 41. Market Size and Forecast, 2020-2030 ($ Million)
Figure 42. Market Size and Forecast, 2020-2030 (Gigawatt)
Figure 43. Market Size and Forecast, 2020-2030 ($ Million)
Figure 44. Market Size and Forecast, 2020-2030 (Gigawatt)
Figure 45. Market Size and Forecast, 2020-2030 ($ Million)
Figure 46. Market Size and Forecast, 2020-2030 (Gigawatt)
Figure 47. Global Wind Turbine Market Revenue, by Region ($ Million)
Figure 48. Global Wind Turbine Market Volume, by Region (Gigawatt)
Figure 49. U. S. Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 50. U. S. Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 51. Canada Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 52. Canada Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 53. Mexico Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 54. Mexico Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 55. Germany Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 56. Germany Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 57. France Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 58. France Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 59. Italy Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 60. Italy Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 61. Spain Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 62. Spain Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 63. Uk Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 64. Uk Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 65. Rest of Europe Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 66. Rest of Europe Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 67. China Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 68. China Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 69. India Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 70. India Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 71. Japan Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 72. Japan Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 73. South Korea Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 74. South Korea Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 75. Australia Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 76. Australia Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 77. Rest of Asia-Pacific Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 78. Rest of Asia-Pacific Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 79. Brazil Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 80. Brazil Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 81. Saudi Arabia Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 82. Saudi Arabia Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 83. South Africa Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 84. South Africa Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 85. Rest of LAMEA Wind Turbine Market Revenue, 2020–2030, ($ Million)
Figure 86. Rest of LAMEA Wind Turbine Market Volume, 2020–2030, (Gigawatt)
Figure 87. Market Player Positioning, 2020
Figure 88. Company Share Analysis, 2020
Figure 89. Top Winning Strategies, by Year, 2017–2021
Figure 90. Top Winning Strategies, by Development, 2017–2021 (%)
Figure 91. Top Winning Strategies, by Company, 2017–2021
Figure 92. Product Mapping of Top 10 Players
Figure 93. Competitive Heatmap of Key Players
Figure 94. Enercon Gmbh: Revenue, 2018-2020 ($ Million)
Figure 95. Enercon Gmbh: Revenue Share by Segment, 2020 (%)
Figure 96. Enercon Gmbh: Revenue Share by Region, 2020 (%)
Figure 97. Goldwind: Revenue, 2018-2020 ($ Million)
Figure 98. Goldwind: Revenue Share by Segment, 2020 (%)
Figure 99. Goldwind: Revenue Share by Region, 2020 (%)
Figure 100. Nordex Se: Net Sales, 2018–2020 ($ Million)
Figure 101. Nordex Se: Revenue Share, by Segment, 2020 (%)
Figure 102. Nordex Se: Revenue Share, by Region, 2020 (%)
Figure 103. Regen Powertech: Net Sales, 2018–2020 ($ Million)
Figure 104. Regen Powertech: Revenue Share by Segment, 2020 (%)
Figure 105. Regen Powertech: Revenue Share by Region, 2020 (%)
Figure 106. Siemens Energy: Revenue, 2018-2020 ($ Million)
Figure 107. Siemens Energy: Revenue Share by Segment, 2020 (%)
Figure 108. Siemens Energy: Revenue Share by Region, 2020 (%)
Figure 109. Sinovel Wind Group: Net Sales, 2018–2020 ($ Million)
Figure 110. Sinovel Wind Group: Revenue Share, by Segment, 2020 (%)
Figure 111. Sinovel Wind Group: Revenue Share, by Region, 2020 (%)
Figure 112. Vestas: Net Sales, 2018–2020 ($ Million)
Figure 113. Vestas: Revenue Share by Segment, 2020 (%)
Figure 114. Zhejiang Windey: Revenue, 2018–2020 ($ Million)
Figure 115. Zhejiang Windey: Revenue Share by Segment, 2020(%)
Figure 116. Zhejiang Windey: Revenue Share by Region, 2020 (%)

Executive Summary

According to a new report titled, “Wind Turbine Market by Axis Type, Installation, Component, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the wind turbine market size was valued at $53.4 billion in 2020, and is projected to reach $98.4 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030.

Wind turbines work on a simple principle, which is “instead of using electricity to make wind—use wind to make electricity”. Wind turns the propeller-like blades of a turbine around a rotor, which spins a generator, generating electricity. Wind is a form of solar energy produced by a combination of three concurrent events that are the sun unevenly heating the atmosphere, irregularities of the earth's surface, and the rotation of the earth.

In addition, wind turbine converts wind energy into electricity using the aerodynamic force from the rotor blades, which work like an airplane wing or helicopter rotor blade. When wind flows across the blade, the air pressure on one side of the blade decreases. The difference in air pressure across the two sides of the blade creates both lift and drag. The force of the lift is stronger than the drag, causing the rotor to spin. The rotor connects to the generator, either directly (if it is a direct drive turbine) or through a shaft and a series of gears (a gearbox) that speeds up the rotation.. This translation of aerodynamic force to rotation of a generator produces electricity.

The factors that drive the wind turbine market growth are increase in awareness toward boosting green energy, rise in energy consumption across the globe, growth in installation flexibility, and cost & performance efficiency of wind turbine. However, rise in power infrastructure near sea shore areas led to increase in demand for wind turbines, acting as the major driving factor for the market. Furthermore, rise in environmental concerns and increase in research activities in the field of wind turbines are expected to provide a substantial growth opportunities in the future.

The global wind turbine industry is segmented on the basis of axis type, installation, component, application, and region. Depending on axis type, the market is categorized into horizontal and vertical. According to installation, it is divided into onshore and offshore. As per component, it is classified into rotator blade, gearbox, generator, nacelle ,and others. On the basis of application, it is fragmented into industrial, commercial, residential, and utility. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global wind turbine market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Enercon GmbH, Gamesa, General Electric, Goldwind, Guodian United Power Technology Company Ltd., Ming Yang, Siemens, Sinovel Wind Group Co. Ltd., Suzlon Energy Ltd., and Vestas Wind Systems A/S.

COVID-19 Impact on the Market


Wind power projects can be roughly divided into three phases that include planning, construction, and operations/maintenance. Sites suitable for wind farms are generally in sparsely populated areas and rare in cities with dense population. Project developers therefore need to make frequent visits to the project site from the initial planning and development phase to explain the project in advance to the local government, landowners, and other stakeholders, gain their assent, and move ahead with various procedures, including environmental assessments, grid access, and FiT program certification. However, when developers are unable to visit project sites due to restrictions on movement (travel) as is the case now, many procedures are delayed, negatively impacting the wind turbine market

  • The manufacturing of wind turbine was halted for a specific period due to COVID-19 situation, highly impacting the sales of wind turbine
  • Sales of wind turbine are directly proportional to the demand for wind power projects Wind projects have been negatively impacted amid the lockdown imposed due to the COVID-19 outbreak and recorded a huge decline in wind turbine
  • COVID-19 impacted almost all industries by hindering various industrial operations and disrupting the supply chain. Maximum companies halted their operation due to less workforce However, there is a sluggish decline in the global wind turbine market due to impact of COVID-19
  • Furthermore, import and export activities were significantly impacted, which, in turn, adversely affected the industries using wind turbine, thereby affecting the global wind turbine market
  • According to the United Nations Industrial Development Organization(UNIDO), 30.0%–70.0% of pre-COVID-19 workforce of various industries and vendors migrated to their hometowns, due to uncertainties and loss of income during the lockdown. This unavailability or less availability of workforce is expected to directly affect the production and manufacturing activities, thereby resulting in decline in demand for raw material used in wind turbine This is expected to decline the growth of the market during the forecast period

Key Findings Of The Study


  • According to axis type, vertical segment holds the largest wind turbine market share in 2020
  • Depending on installation, the on-shore segment accounted for the largest market share in 2020
  • As per component, the rotator blade segment accounted for the largest market share in 2020
  • By application, the industrial segment accounted for the largest market share in 2020
  • Region wise, the Asia-Pacific accounted for the largest market share in 2020

Companies Mentioned

  • Enercon GmbH
  • Gamesa
  • General Electric
  • Goldwind
  • Guodian United Power Technology Company Ltd.
  • Ming Yang
  • Siemens
  • Sinovel Wind Group Co. Ltd.
  • Suzlon Energy Ltd.
  • Vestas Wind Systems A/S

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages447
PublishedMarch 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 53.4 billion
Forecasted Market Value ( USD ) by 2030 $ 98.4 billion
Compound Annual Growth Rate6.3%
Regions CoveredGlobal
No. of Companies Mentioned10

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