What Has Been the Progress and Growth of the Wind Energy Equipment Logistics Market in Recent Years?
The wind energy equipment logistics market has seen considerable growth due to a variety of factors.
• There has been a significant expansion in the wind energy equipment logistics market in the past years. The market is expected to rise from a size of $6.72 billion in 2024 to $7.19 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.0%.
The historical growth in the market can be linked to factors such as ongoing policy support, a shift towards renewable energy, heightened climate adaptation and resilience, electrification of transportation, and an increase in offshore wind development.
What Is The Expected Growth In The Wind Energy Equipment Logistics Market Size Evolve over the Forecast Period?
The wind energy equipment logistics market is expected to maintain its strong growth trajectory in upcoming years.
• Over the next several years, the wind energy equipment logistics market is projected to witness robust expansion. The market size is anticipated to reach $8.93 billion by 2029 with a compound annual growth rate (CAGR) of 5.6%.
This growth during the forecast period is likely due to the rise in renewable energy goals, heightened environmental worries and climate change, growing energy security and independence, and improved public understanding and backing. Key trends for this forecast period encompass technological progress, product advancements, collaborations, and investments.
What Main Forces Are Fueling Expansion In The Wind Energy Equipment Logistics Market?
Rising interest in renewable energy is set to boost the growth of the wind energy equipment logistics market. The term renewable energy refers to power obtained from sources that are naturally replenished and virtually never run out. Greater understanding of the impact of climate change and the environmental effects of traditional energy sources, like fossil fuels, has resulted in an increasing appetite for cleaner, more sustainable energy alternatives. Efficient logistics in wind energy equipment ensures prompt delivery of wind turbine components to their specific project sites. This reduces overall project expenses, making renewable energy financially more competitive. This efficiency also mitigates risks that could be caused by delays, damage or loss of wind turbine components during transportation. For example, in December 2023, the Department for Energy Security and Net Zero, a sector of the UK government, reported that renewable electricity generation in the third quarter of 2023 was 30.1 TWh, an increase of 6.8 percent from 2022 and a record for a third-quarter. Consequently, the growing requirement for renewable energy is fueling the expansion of the wind energy equipment logistics market.
What Are The Primary Segments In The Global Wind Energy Equipment Logistics Market?
The wind energy equipment logistics market covered in this report is segmented –
1) By Equipment: Rotor Blade, Towers, Generator, Gearbox
2) By Transport Type: Air, Rail, Road, Waterways
3) By Application: Offshore, Onshore
4) By End User: Government Sector, Private Sector
Subsegments:
1) By Rotor Blade: Onshore Rotor Blades, Offshore Rotor Blades
2) By Towers: Tubular Towers, Lattice Towers, Hybrid Towers
3) By Generator: Synchronous Generators, Asynchronous Generators, Permanent Magnet Generators
4) By Gearbox: Planetary Gearboxes, Spur Gearboxes, Helical Gearboxes
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How Are New Trends Impacting The Size Of The Wind Energy Equipment Logistics Market?
Leading firms in the wind energy equipment logistics market are focusing on the creation of cutting-edge technologies, such as the utility-scale wind project, to enhance their market profitability. Utility-scale wind project implies the large-scale establishment of wind turbines to produce electricity for utility firms and expansive industrial clients. For instance, in October 2023, Abu Dhabi Future Energy Company, a renewable energy firm based in UAE, initiated the first utility-scale wind project in the UAE. The project is expected to be concluded with specialized logistics for the installation of the required equipment. The objective of the project is to transition from fossil fuel power generation to eco-friendly, renewable wind energy, with the aim of reducing the UAE's electricity sector's carbon emissions.
Who Are the Key Players In The Wind Energy Equipment Logistics Market?
Major companies operating in the wind energy equipment logistics market are:
• DHL International GmbH
• Deutsche Post DHL Group
• Federal Express Corporation
• A.P. Møller – Mærsk A/S
• General Electric Company
• Schenker AG
• C.H. Robinson Worldwide Inc.
• Nippon Express Co. Ltd.
• Expeditors International of Washington Inc.
• Vestas Wind Systems AS
• Siemens Gamesa Renewable Energy S.A.
• DSV Panalpina A/S
• Xinjiang Goldwind Science & Technology Co. Ltd.
• Nordex SE
• Altead International SA
• BDP International Inc.
• Guodian United Power Technology Company Limited
• Scheuerle Vehicle Factory GmbH
• CEVA Logistics Inc.
• Envision Energy Ltd.
• Global Shipping Services LLC
• BLD Logistics Group AG & Co. KG
• Specialized Transport Service Inc.
• TIBA Group
• Enercon GmbH
• Ming Yang Wind Power Group Limited
• Senvion SA
What Is The Most Dominant Region In The Wind Energy Equipment Logistics Market?
Asia-Pacific was the largest region in the wind energy equipment logistics market in 2024. The regions covered in the wind energy equipment logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
