Global Wind Turbine Market Report 2024

Wind Turbine Global Market Report 2024 – By Component (Rotator Blade, Gearbox, Generator, Nacelle, Other Components), By Axis Type (Horizontal, Vertical), By Location of Deployment (Onshore, Offshore), By Connectivity Type (Grid Connected, Stand Alone), By Application (Industrial, Commercial, Residential, Utility) – Market Size, Trends, And Global Forecast 2024-2033

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Wind Turbine Market Definition And Segments

The wind turbine refers to a power-generating device that has been driven by the kinetic energy of the wind. A wind turbine turns wind energy into electricity using the aerodynamic force of 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 will decrease.

The main types of wind turbines are the rotator blade, gearbox, generator, nacelle, and others. Rotor blades are the most important parts of a wind turbine for the performance and cost of the wind power system. The shape of the rotor blades has a direct impact on performance as it will determine the conversion of kinetic energy related to the wind to mechanical energy. The axis of a wind turbine is horizontal and vertical and can be deployed onshore and offshore. They can be grid-connected or stand-alone for industrial, commercial, residential, and utility applications.

The wind turbine market covered in this report is segmented –

1) By Component: Rotator Blade, Gearbox, Generator, Nacelle, Other Components

2) By Axis Type: Horizontal, Vertical

3) By Location of Deployment: Onshore, Offshore

4) By Connectivity Type: Grid Connected, Stand Alone

5) By Application: Industrial, Commercial, Residential, Utility

The wind turbine market size has grown rapidly in recent years. It will grow from $151.22 billion in 2023 to $167.64 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to renewable energy policies, energy transition and sustainability goals, cost competitiveness, global energy demand, environmental awareness.

The wind turbine market size is expected to see rapid growth in the next few years. It will grow to $245.72 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to growing accelerated energy transition, government incentives and subsidies, technological advancements in turbines, energy storage integration, global climate agreements. Major trends in the forecast period include focus on sustainable materials and recycling, development of hybrid renewable energy systems, community and local participation in wind projects, cost reduction and competitive auctions for wind projects, global expansion of wind energy markets.

Exploring The Surge In Demand For Renewable Energy With Wind Turbines

Increasing demand for renewable energy sources is contributing to the growth of the wind turbine market. A renewable energy source refers to an energy source that is repeatedly replenished without running out. Most of this energy will come from fossil fuels like coal, oil, and natural gas. The wind is a renewable energy source. Overall, using wind to produce energy has fewer effects on the environment than other energy sources. Wind turbines will not release emissions that will pollute the air or water and they do not require water for cooling. Wind turbines will also reduce the amount of electricity generated from fossil fuels, which results in lower total air pollution and carbon dioxide emissions. For instance, according to IEA data 2021, a Paris-based autonomous intergovernmental organization, renewable energy use increased by 3% in 2020 as demand for all other fuels declined. Moreover, the amount of electricity generated from renewables is set to increase too by 8% in 2021 and more than 6% in 2022. Increasing demand for renewable energy sources drives the growth of the wind turbine market.

Rising Urbanization Fuels The Growth Of The Wind Turbine Market

The increasing urbanization is expected to propel the growth of the wind turbine market going forward. Urbanization refers to the process of a population shifting from rural areas to urban or metropolitan areas, leading to the growth and expansion of cities. Wind turbines play a significant role in urbanization by contributing to sustainable and renewable energy solutions such as renewable energy generation, on-site power generation, street lighting systems and public spaces. For instance, in April 2023, according to The World Bank, a US-based international financial organization, as of 2023 approximately 56% of the total world population lives in urban areas. The global urban population is projected to grow by 1.5 times, reaching 6 billion by the year 2045. Therefore, increasing urbanization is driving the growth of the wind turbine market.

Major companies operating in the wind turbine market report are Clipper Windpower A/S, Hitachi Ltd., Siemens AG, General Electric Company, Suzlon Energy Limited, CRRC Group Corporation, Eaton Corporation PLC, Shangai Electric Group Co. ltd., Vestas Wind Systems A/S, Sany Heavy Industry Co. Ltd., Gamesa Electric, Dongfang Electric Corporation, Nordex SE, Goldwind Science and Technology Co. Ltd., Ming Yang Smart Energy Group Co. Ltd., Guodian United Power Technology Co. Ltd., Bilfinger Offshore Wind Energy GmbH, Zhejiang Windey Co. Ltd., Envision Energy, LM Windpower A/S, Impsa S.A., Sinovel Wind Group Co. Ltd., Leitwind GmbH, Vergnet S.A., Northern Power Systems Ltd., Enercon Gmbh Windenergieanlagen, Senvion SE, Bergey Windpower Inc., ZF Wind Power Antwerpen NV, United Power Inc.

Technological Advancements Transforming The Wind Turbine Landscape

Technological enhancements are a key trend gaining popularity in the wind turbine market. The technology on the offshore direct drive platform allows for the re-use of most components from previous generations. For instance, in September 2022, Vestas, a Danish manufacturer of wind turbines, launched an onshore wind turbine tower with a hub height measuring 199 meters, the world’s tallest onshore tower. It is designed to be used by Vestas’ V172-7.2MW turbine.

Industry Players Unveiling Next-Gen Wind Turbine Platforms

Major companies operating in the wind turbine market are focused on developing innovative solutions such as wind turbine platforms. Wind turbine platform typically refers to the specific design, structure, and technology used in the development of wind turbines. For instance, in July 2022, WEG Industries, a Brazil-based electric motor manufacturing company launched the ‘7 MW wind turbine’ platform. It is designed for optimal reliability, ease of operation, and simplified maintenance. It aims to maximize energy production and enhance the return on investment for its customers. It is integrated with Medium-Speed Geared (MSG) drive technology that provides smooth interconnection to the electrical grid.

Ryse Energy Fortifies Global Presence With Primus Wind Power Acquisition

In July 2023, Ryse Energy, a United Arab Emirates-based global leader in renewable energy systems acquired Primus Wind Power for an undisclosed amount. Through this acquisition, Ryse Energy aims to expand its global footprint in America and diversify its small turbine product portfolio. With this acquisition, both companies look forward to broadening their customer base for microturbine products. Primus Wind Power is a US-based micro wind turbine manufacturer that offers portable wind power turbines and air breeze turbines.

Asia-Pacific was the largest region in the wind turbine market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wind turbine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the wind turbine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The wind turbine market consists of sales of single blade horizontal-axis turbines, two-blade horizontal-axis turbine, three-blade horizontal-axis turbines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The wind turbine market research report is one of a series of new reports from The Business Research Company that provides wind turbine market statistics, including wind turbine industry global market size, regional shares, competitors with a wind turbine market share, detailed wind turbine market segments, market trends and opportunities, and any further data you may need to thrive in the wind turbine industry. This wind turbine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Wind Turbine Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $167.64 billion
Revenue Forecast In 2033 $245.72 billion
Growth Rate CAGR of 10% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Component: Rotator Blade, Gearbox, Generator, Nacelle, Other Components
2) By Axis Type: Horizontal, Vertical
3) By Location of Deployment: Onshore, Offshore
4) By Connectivity Type: Grid Connected, Stand Alone
5) By Application: Industrial, Commercial, Residential, Utility
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Clipper Windpower A/S; Hitachi Ltd.; Siemens AG; General Electric Company; Suzlon Energy Limited; CRRC Group Corporation; Eaton Corporation plc; Shangai Electric Group Co. ltd.; Vestas Wind Systems A/S; Sany Heavy Industry Co. Ltd.; Gamesa Electric; Dongfang Electric Corporation; Nordex SE; Goldwind Science and Technology Co. Ltd.; Ming Yang Smart Energy Group Co. Ltd.; Guodian United Power Technology Co. Ltd.; Bilfinger Offshore Wind Energy GmbH; Zhejiang Windey Co. Ltd.; Envision Energy; LM Windpower A/S; Impsa S.A.; Sinovel Wind Group Co. Ltd.; Leitwind GmbH; Vergnet S.A.; Northern Power Systems Ltd.; Enercon Gmbh Windenergieanlagen; Senvion SE; Bergey Windpower Inc.; ZF Wind Power Antwerpen NV; United Power Inc.
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    Table Of Contents

    1. Executive Summary

    2. Wind Turbine Market Characteristics

    3. Wind Turbine Market Trends And Strategies

    4. Wind Turbine Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Wind Turbine Market Size and Growth

    5.1. Global Wind Turbine Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Wind Turbine Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Wind Turbine Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Wind Turbine Market Segmentation

    6.1. Global Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Rotator Blade

    Gearbox

    Generator

    Nacelle

    Other Components

    6.2. Global Wind Turbine Market, Segmentation By Axis Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Horizontal

    Vertical

    6.3. Global Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Onshore

    Offshore

    6.4. Global Wind Turbine Market, Segmentation By Connectivity Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Grid Connected

    Stand Alone

    6.5. Global Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Industrial

    Commercial

    Residential

    Utility

    7. Wind Turbine Market Regional And Country Analysis

    7.1. Global Wind Turbine Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Wind Turbine Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Wind Turbine Market

    8.1. Asia-Pacific Wind Turbine Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Wind Turbine Market

    9.1. China Wind Turbine Market Overview

    9.2. China Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Wind Turbine Market

    10.1. India Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Wind Turbine Market

    11.1. Japan Wind Turbine Market Overview

    11.2. Japan Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Wind Turbine Market

    12.1. Australia Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Wind Turbine Market

    13.1. Indonesia Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Wind Turbine Market

    14.1. South Korea Wind Turbine Market Overview

    14.2. South Korea Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Wind Turbine Market

    15.1. Western Europe Wind Turbine Market Overview

    15.2. Western Europe Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Wind Turbine Market

    16.1. UK Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Wind Turbine Market

    17.1. Germany Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Wind Turbine Market

    18.1. France Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Wind Turbine Market

    19.1. Italy Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Wind Turbine Market

    20.1. Spain Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Wind Turbine Market

    21.1. Eastern Europe Wind Turbine Market Overview

    21.2. Eastern Europe Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Wind Turbine Market

    22.1. Russia Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Wind Turbine Market

    23.1. North America Wind Turbine Market Overview

    23.2. North America Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Wind Turbine Market

    24.1. USA Wind Turbine Market Overview

    24.2. USA Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Wind Turbine Market

    25.1. Canada Wind Turbine Market Overview

    25.2. Canada Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Wind Turbine Market

    26.1. South America Wind Turbine Market Overview

    26.2. South America Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Wind Turbine Market

    27.1. Brazil Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Wind Turbine Market

    28.1. Middle East Wind Turbine Market Overview

    28.2. Middle East Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Wind Turbine Market

    29.1. Africa Wind Turbine Market Overview

    29.2. Africa Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Wind Turbine Market Competitive Landscape And Company Profiles

    30.1. Wind Turbine Market Competitive Landscape

    30.2. Wind Turbine Market Company Profiles

    30.2.1. Clipper Windpower A/S

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Hitachi Ltd.

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Siemens AG

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. General Electric Company

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Suzlon Energy Limited

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Wind Turbine Market Other Major And Innovative Companies

    31.1. CRRC Group Corporation

    31.2. Eaton Corporation plc

    31.3. Shangai Electric Group Co. ltd.

    31.4. Vestas Wind Systems A/S

    31.5. Sany Heavy Industry Co. Ltd.

    31.6. Gamesa Electric

    31.7. Dongfang Electric Corporation

    31.8. Nordex SE

    31.9. Goldwind Science and Technology Co. Ltd.

    31.10. Ming Yang Smart Energy Group Co. Ltd.

    31.11. Guodian United Power Technology Co. Ltd.

    31.12. Bilfinger Offshore Wind Energy GmbH

    31.13. Zhejiang Windey Co. Ltd.

    31.14. Envision Energy

    31.15. LM Windpower A/S

    32. Global Wind Turbine Market Competitive Benchmarking

    33. Global Wind Turbine Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Wind Turbine Market

    35. Wind Turbine Market Future Outlook and Potential Analysis

    35.1 Wind Turbine Market In 2028 - Countries Offering Most New Opportunities

    35.2 Wind Turbine Market In 2028 - Segments Offering Most New Opportunities

    35.3 Wind Turbine Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Wind Turbine Market, Segmentation By Axis Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Wind Turbine Market, Segmentation By Connectivity Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Global Wind Turbine Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Global Wind Turbine Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: Asia-Pacific, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: Asia-Pacific, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: China, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: China, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: India, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: India, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Japan, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Japan, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Australia, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Australia, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Indonesia, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: Indonesia, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: South Korea, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: South Korea, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Western Europe, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: Western Europe, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: UK, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: UK, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: Germany, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: Germany, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: France, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: France, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Italy, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Italy, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Spain, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Spain, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Eastern Europe, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Eastern Europe, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: Russia, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: Russia, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: North America, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: North America, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: USA, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: USA, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: Canada, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: Canada, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: South America, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: South America, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Brazil, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Brazil, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Middle East, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Middle East, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Africa, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 75: Africa, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 76: Clipper Windpower A/S Financial Performance
  • Table 77: Hitachi Ltd. Financial Performance
  • Table 78: Siemens AG Financial Performance
  • Table 79: General Electric Company Financial Performance
  • Table 80: Suzlon Energy Limited Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Wind Turbine Market, Segmentation By Axis Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Wind Turbine Market, Segmentation By Connectivity Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Global Wind Turbine Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Global Wind Turbine Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: Asia-Pacific, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: Asia-Pacific, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: China, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: China, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: India, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: India, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Japan, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Japan, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Australia, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Australia, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Indonesia, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: Indonesia, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: South Korea, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: South Korea, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Western Europe, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: Western Europe, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: UK, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: UK, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: Germany, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: Germany, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: France, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: France, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Italy, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Italy, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Spain, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Spain, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Eastern Europe, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Eastern Europe, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: Russia, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: Russia, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: North America, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: North America, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: USA, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: USA, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: Canada, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: Canada, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: South America, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: South America, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Brazil, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Brazil, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Middle East, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Middle East, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Wind Turbine Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Africa, Wind Turbine Market, Segmentation By Location of Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 75: Africa, Wind Turbine Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 76: Clipper Windpower A/S Financial Performance
  • Figure 77: Hitachi Ltd. Financial Performance
  • Figure 78: Siemens AG Financial Performance
  • Figure 79: General Electric Company Financial Performance
  • Figure 80: Suzlon Energy Limited Financial Performance
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Frequently Asked Questions

What is the definition of the wind turbine market?

The wind turbine refers to a power-generating device that has been driven by the kinetic energy of the wind. A wind turbine turns wind energy into electricity using the aerodynamic force of 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 will decrease. For further insights on the wind turbine market, request a sample here

How will the wind turbine market drivers and restraints affect the wind turbine market dynamics? What forces will shape the wind turbine industry going forward?

The wind turbine market growth is aided by increasing demand for renewable energy sources. For further insights on the wind turbine market, request a sample here

What is the forecast market size or the forecast market value of the wind turbine market?

The wind turbine market is expected to reach $104.50 billion in 2027 at a rate of 7.4%. For further insights on the wind turbine market, request a sample here

How is the wind turbine market segmented?

The global wind turbine market is segmented as
1) By Component: Rotator Blade, Gearbox, Generator, Nacelle, Other Components
2) By Axis Type: Horizontal, Vertical
3) By Location of Deployment: Onshore, Offshore
4) By Connectivity Type: Grid Connected, Stand Alone
5) By Application: Industrial, Commercial, Residential, Utility
For further insights on the wind turbine market, request a sample here

Which region has the largest share of the wind turbine market? What are the largest region's market size and growth rate?

Asia-Pacific was the largest region in the wind turbine market in 2022. For detailed insights on the largest region's market size and growth rate, request a sample here.

Who are the major players in the wind turbine market?

Key competitors in the wind turbine market are, Enercon GmbH, Gamesa, General Electric, Goldwind, Guodian United Power Technology Company Ltd., Ming Yang, Sinovel Wind Group Co Ltd., Suzlon Energy Ltd., Vestas Wind Systems A/S, Nordex SE, Senvion, Northern Power Systems, Clipper, Bergey, Impsa, Hitachi Ltd., Vergnet, Xinjiang Goldwind Science And Technology Co Ltd., Eaton Corporation PLC, Windey Co Ltd., Dongfang Electric Corporation, Bilfinger Offshore Wind Energy, Zf Wind Power Antwerpen, Leitwind, Wobben, LM Windpower. For further insights on the wind turbine market, request a sample here.

What are the key trends in the wind turbine market?

Major trends influencing the wind turbine market include technological enhancements. The technology on the offshore direct drive platform allows for the re-use of most components from previous generations. For further insights on the wind turbine, request a sample here.

What are the major opportunities in the wind turbine market? What are the strategies for the wind turbine market?

For detailed insights on the major opportunities and strategies in the wind turbine market, request a sample here.

How does the wind turbine market relate to the overall economy and other similar markets?

For detailed insights on wind turbine market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the wind turbine industry?

For detailed insights on the mergers and acquisitions in the wind turbine industry, request a sample here.

What are the key dynamics influencing the wind turbine market growth? SWOT analysis of the wind turbine market.

For detailed insights on the key dynamics influencing the wind turbine market growth and SWOT analysis of the wind turbine industry, request a sample here.