The global wind turbine market size is expected to reach around US$ 102.4 billion by 2030 and is expected to grow at an impressive double-digit rate of 6.34% from 2022 to 2030.
As the governments are taking initiatives to produce renewable energy there is a growth in the market. An increasing demand for renewable energy sources, especially the wind power and efforts to reduce the dependence on fossil fuel based power generation are expected to be the major factors for the rise of this market.
The study includes drivers and restraints of this market. The study provides an analysis of the global wind turbine market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
Report Scope of the Wind Turbine Market
| Report Coverage | Details |
| Market Size by 2030 | USD 102.4 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 6.34% |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Axis, Installation, Components, Application, Capacity, Connectivity, Rating, Region |
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Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global wind turbine market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global wind turbine market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global wind turbine market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for wind turbine are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global wind turbine market include:
- General Electric company.
- Vestas Wind Systems A/S
- Nordex SE.
- Suzlon Energy Limited.
- Siemens Gamesa renewable energy. SA
- CSIC.
- Shanghai Electric.
- Windey
Market Segmentation:
By Axis
- Vertical
- Horizontal
By Installation
- Offshore
- Onshore
By Components
- Rotator blade
- Generator
- Gearbox
- Nacelle
By Application
- Residential
- Utility
- Industrial
- Commercial
By Capacity
- Small
- Medium
- Large
By Connectivity
- Grid Connected
- Stand Alone
By Rating
- < 100 kW
- 100 kW to 250 kW
- > 250 kW to 500 kW
- > 500 kW to 1 MW
- 1 MW to 2 MW
- >2 MW
Regional Analysis:
The geographical analysis of the global wind turbine market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global wind turbine Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global wind turbine market in 2030?
- What is the expected CAGR for the wind turbine market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global wind turbine market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Wind Turbine Market, By Axis
7.1. Wind Turbine Market, by Axis, 2021-2030
7.1.1. Vertical
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Horizontal
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Wind Turbine Market, By Installation
8.1. Wind Turbine Market, by Installation, 2021-2030
8.1.1. Offshore
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Onshore
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Wind Turbine Market, By Components
9.1. Wind Turbine Market, by Components, 2021-2030
9.1.1. Rotator blade
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Generator
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Gearbox
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Nacelle
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Wind Turbine Market, By Application
10.1. Wind Turbine Market, by Application, 2021-2030
10.1.1. Residential
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Utility
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Industrial
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Commercial
10.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Wind Turbine Market, By Capacity
11.1. Wind Turbine Market, by Capacity, 2021-2030
11.1.1. Small
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Medium
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Large
11.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Wind Turbine Market, By Connectivity
12.1. Wind Turbine Market, by Connectivity, 2021-2030
12.1.1. Grid Connected
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Stand Alone
12.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Wind Turbine Market, By Rating
13.1. Wind Turbine Market, by Rating, 2021-2030
13.1.1. < 100 kW
13.1.1.1. Market Revenue and Forecast (2017-2030)
13.1.2. 100 kW to 250 kW
13.1.2.1. Market Revenue and Forecast (2017-2030)
13.1.3. > 250 kW to 500 kW
13.1.3.1. Market Revenue and Forecast (2017-2030)
13.1.4. > 500 kW to 1 MW
13.1.4.1. Market Revenue and Forecast (2017-2030)
13.1.5. 1 MW to 2 MW
13.1.5.1. Market Revenue and Forecast (2017-2030)
13.1.6. >2 MW
13.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 14. Global Wind Turbine Market, Regional Estimates and Trend Forecast
14.1. North America
14.1.1. Market Revenue and Forecast, by Axis (2017-2030)
14.1.2. Market Revenue and Forecast, by Installation (2017-2030)
14.1.3. Market Revenue and Forecast, by Components (2017-2030)
14.1.4. Market Revenue and Forecast, by Application (2017-2030)
14.1.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.1.6. Market Revenue and Forecast, by Rating (2017-2030)
14.1.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.1.8. U.S.
14.1.8.1. Market Revenue and Forecast, by Axis (2017-2030)
14.1.8.2. Market Revenue and Forecast, by Installation (2017-2030)
14.1.8.3. Market Revenue and Forecast, by Components (2017-2030)
14.1.8.4. Market Revenue and Forecast, by Application (2017-2030)
14.1.8.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.1.8.6. Market Revenue and Forecast, by Rating (2017-2030)
14.1.8.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.1.9. Rest of North America
14.1.9.1. Market Revenue and Forecast, by Axis (2017-2030)
14.1.9.2. Market Revenue and Forecast, by Installation (2017-2030)
14.1.9.3. Market Revenue and Forecast, by Components (2017-2030)
14.1.9.4. Market Revenue and Forecast, by Application (2017-2030)
14.1.9.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.1.9.6. Market Revenue and Forecast, by Rating (2017-2030)
14.1.9.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.2. Europe
14.2.1. Market Revenue and Forecast, by Axis (2017-2030)
14.2.2. Market Revenue and Forecast, by Installation (2017-2030)
14.2.3. Market Revenue and Forecast, by Components (2017-2030)
14.2.4. Market Revenue and Forecast, by Application (2017-2030)
14.2.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.2.6. Market Revenue and Forecast, by Rating (2017-2030)
14.2.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.2.8. UK
14.2.8.1. Market Revenue and Forecast, by Axis (2017-2030)
14.2.8.2. Market Revenue and Forecast, by Installation (2017-2030)
14.2.8.3. Market Revenue and Forecast, by Components (2017-2030)
14.2.8.4. Market Revenue and Forecast, by Application (2017-2030)
14.2.8.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.2.8.6. Market Revenue and Forecast, by Rating (2017-2030)
14.2.8.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.2.9. Germany
14.2.9.1. Market Revenue and Forecast, by Axis (2017-2030)
14.2.9.2. Market Revenue and Forecast, by Installation (2017-2030)
14.2.9.3. Market Revenue and Forecast, by Components (2017-2030)
14.2.9.4. Market Revenue and Forecast, by Application (2017-2030)
14.2.9.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.2.9.6. Market Revenue and Forecast, by Rating (2017-2030)
14.2.9.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.2.10. France
14.2.10.1. Market Revenue and Forecast, by Axis (2017-2030)
14.2.10.2. Market Revenue and Forecast, by Installation (2017-2030)
14.2.10.3. Market Revenue and Forecast, by Components (2017-2030)
14.2.10.4. Market Revenue and Forecast, by Application (2017-2030)
14.2.10.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.2.10.6. Market Revenue and Forecast, by Rating (2017-2030)
14.2.10.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.2.11. Rest of Europe
14.2.11.1. Market Revenue and Forecast, by Axis (2017-2030)
14.2.11.2. Market Revenue and Forecast, by Installation (2017-2030)
14.2.11.3. Market Revenue and Forecast, by Components (2017-2030)
14.2.11.4. Market Revenue and Forecast, by Application (2017-2030)
14.2.11.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.2.11.6. Market Revenue and Forecast, by Rating (2017-2030)
14.2.11.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.3. APAC
14.3.1. Market Revenue and Forecast, by Axis (2017-2030)
14.3.2. Market Revenue and Forecast, by Installation (2017-2030)
14.3.3. Market Revenue and Forecast, by Components (2017-2030)
14.3.4. Market Revenue and Forecast, by Application (2017-2030)
14.3.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.3.6. Market Revenue and Forecast, by Rating (2017-2030)
14.3.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.3.8. India
14.3.8.1. Market Revenue and Forecast, by Axis (2017-2030)
14.3.8.2. Market Revenue and Forecast, by Installation (2017-2030)
14.3.8.3. Market Revenue and Forecast, by Components (2017-2030)
14.3.8.4. Market Revenue and Forecast, by Application (2017-2030)
14.3.8.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.3.8.6. Market Revenue and Forecast, by Rating (2017-2030)
14.3.8.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.3.9. China
14.3.9.1. Market Revenue and Forecast, by Axis (2017-2030)
14.3.9.2. Market Revenue and Forecast, by Installation (2017-2030)
14.3.9.3. Market Revenue and Forecast, by Components (2017-2030)
14.3.9.4. Market Revenue and Forecast, by Application (2017-2030)
14.3.9.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.3.9.6. Market Revenue and Forecast, by Rating (2017-2030)
14.3.9.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.3.10. Japan
14.3.10.1. Market Revenue and Forecast, by Axis (2017-2030)
14.3.10.2. Market Revenue and Forecast, by Installation (2017-2030)
14.3.10.3. Market Revenue and Forecast, by Components (2017-2030)
14.3.10.4. Market Revenue and Forecast, by Application (2017-2030)
14.3.10.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.3.10.6. Market Revenue and Forecast, by Rating (2017-2030)
14.3.10.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.3.11. Rest of APAC
14.3.11.1. Market Revenue and Forecast, by Axis (2017-2030)
14.3.11.2. Market Revenue and Forecast, by Installation (2017-2030)
14.3.11.3. Market Revenue and Forecast, by Components (2017-2030)
14.3.11.4. Market Revenue and Forecast, by Application (2017-2030)
14.3.11.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.3.11.6. Market Revenue and Forecast, by Rating (2017-2030)
14.3.11.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.4. MEA
14.4.1. Market Revenue and Forecast, by Axis (2017-2030)
14.4.2. Market Revenue and Forecast, by Installation (2017-2030)
14.4.3. Market Revenue and Forecast, by Components (2017-2030)
14.4.4. Market Revenue and Forecast, by Application (2017-2030)
14.4.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.4.6. Market Revenue and Forecast, by Rating (2017-2030)
14.4.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.4.8. GCC
14.4.8.1. Market Revenue and Forecast, by Axis (2017-2030)
14.4.8.2. Market Revenue and Forecast, by Installation (2017-2030)
14.4.8.3. Market Revenue and Forecast, by Components (2017-2030)
14.4.8.4. Market Revenue and Forecast, by Application (2017-2030)
14.4.8.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.4.8.6. Market Revenue and Forecast, by Rating (2017-2030)
14.4.8.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.4.9. North Africa
14.4.9.1. Market Revenue and Forecast, by Axis (2017-2030)
14.4.9.2. Market Revenue and Forecast, by Installation (2017-2030)
14.4.9.3. Market Revenue and Forecast, by Components (2017-2030)
14.4.9.4. Market Revenue and Forecast, by Application (2017-2030)
14.4.9.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.4.9.6. Market Revenue and Forecast, by Rating (2017-2030)
14.4.9.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.4.10. South Africa
14.4.10.1. Market Revenue and Forecast, by Axis (2017-2030)
14.4.10.2. Market Revenue and Forecast, by Installation (2017-2030)
14.4.10.3. Market Revenue and Forecast, by Components (2017-2030)
14.4.10.4. Market Revenue and Forecast, by Application (2017-2030)
14.4.10.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.4.10.6. Market Revenue and Forecast, by Rating (2017-2030)
14.4.10.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.4.11. Rest of MEA
14.4.11.1. Market Revenue and Forecast, by Axis (2017-2030)
14.4.11.2. Market Revenue and Forecast, by Installation (2017-2030)
14.4.11.3. Market Revenue and Forecast, by Components (2017-2030)
14.4.11.4. Market Revenue and Forecast, by Application (2017-2030)
14.4.11.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.4.11.6. Market Revenue and Forecast, by Rating (2017-2030)
14.4.11.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.5. Latin America
14.5.1. Market Revenue and Forecast, by Axis (2017-2030)
14.5.2. Market Revenue and Forecast, by Installation (2017-2030)
14.5.3. Market Revenue and Forecast, by Components (2017-2030)
14.5.4. Market Revenue and Forecast, by Application (2017-2030)
14.5.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.5.6. Market Revenue and Forecast, by Rating (2017-2030)
14.5.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.5.8. Brazil
14.5.8.1. Market Revenue and Forecast, by Axis (2017-2030)
14.5.8.2. Market Revenue and Forecast, by Installation (2017-2030)
14.5.8.3. Market Revenue and Forecast, by Components (2017-2030)
14.5.8.4. Market Revenue and Forecast, by Application (2017-2030)
14.5.8.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.5.8.6. Market Revenue and Forecast, by Rating (2017-2030)
14.5.8.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.5.9. Rest of LATAM
14.5.9.1. Market Revenue and Forecast, by Axis (2017-2030)
14.5.9.2. Market Revenue and Forecast, by Installation (2017-2030)
14.5.9.3. Market Revenue and Forecast, by Components (2017-2030)
14.5.9.4. Market Revenue and Forecast, by Application (2017-2030)
14.5.9.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.5.9.6. Market Revenue and Forecast, by Rating (2017-2030)
14.5.9.7. Market Revenue and Forecast, by Connectivity (2017-2030)
Chapter 15. Company Profiles
15.1. General Electric company.
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. Vestas Wind Systems A/S
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. Nordex SE.
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. Suzlon Energy Limited.
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. Siemens Gamesa renewable energy. SA
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. CSIC.
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
15.7. Shanghai Electric.
15.7.1. Company Overview
15.7.2. Product Offerings
15.7.3. Financial Performance
15.7.4. Recent Initiatives
15.8. Windey
15.8.1. Company Overview
15.8.2. Product Offerings
15.8.3. Financial Performance
15.8.4. Recent Initiatives
Chapter 16. Research Methodology
16.1. Primary Research
16.2. Secondary Research
16.3. Assumptions
Chapter 17. Appendix
17.1. About Us
17.2. Glossary of Terms
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