Wind Turbine Generator Market 2024-2028

Report
144 Pages
July 2024
Region: Global
TechNavio
ID: 5146994

The market is driven by rise in wind energy consumption, decline in LCOE of wind power generation, and supportive regulatory policies for wind energy projects

The wind turbine generator market is forecasted to grow by USD 8.72 billion during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the wind turbine generator market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in wind energy consumption, decline in lcoe of wind power generation, and supportive regulatory policies for wind energy projects.

The wind turbine generator market is segmented as below:

By Application

Onshore
Offshore

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the R&D in direct-drive generators for wind turbines as one of the prime reasons driving the wind turbine generator market growth during the next few years. Also, rise in offshore installations and rise in patent filings will lead to sizable demand in the market.

The report on the wind turbine generator market covers the following areas:

Wind turbine generator market sizing
Wind turbine generator market forecast
Wind turbine generator market industry analysis

A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wind turbine generator market vendors that include ABB, Alxion, AVANTIS Energy Group, Bergey Wind Power Co., Bora Energy, Doosan Corp., Emergya Wind Technologies BV, ENERCON GmbH, Equinor ASA, General Electric Co., Hitachi Ltd., Nordex SE, Principle Power Inc., ReGen Powertech Pvt. Ltd., Sany Group, Siemens Gamesa Renewable Energy SA, Sinovel Wind Group Co. Ltd., Suzlon Energy Ltd., Vestas Wind Systems AS, and Xinjiang Goldwind Science and Technology Co. Ltd. Also, the wind turbine generator market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

1 Executive Summary

1.1 Market overview

Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem

Parent Market
Data Table on - Parent Market

2.2 Market characteristics

Market characteristics analysis

2.3 Value chain analysis

Value Chain Analysis

3 Market Sizing

3.1 Market definition

Offerings of companies included in the market definition

3.2 Market segment analysis

Market segments

3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Wind Turbine Generator Market 2018 - 2022

Historic Market Size - Data Table on Global Wind Turbine Generator Market 2018 - 2022 ($ million)

4.2 Application segment analysis 2018 - 2022

Historic Market Size - Application Segment 2018 - 2022 ($ million)

4.3 Geography segment analysis 2018 - 2022

Historic Market Size - Geography Segment 2018 - 2022 ($ million)

4.4 Country segment analysis 2018 - 2022

Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers

Bargaining power of buyers - Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers

Bargaining power of suppliers - Impact of key factors in 2023 and 2028

5.4 Threat of new entrants

Threat of new entrants - Impact of key factors in 2023 and 2028

5.5 Threat of substitutes

Threat of substitutes - Impact of key factors in 2023 and 2028

5.6 Threat of rivalry

Threat of rivalry - Impact of key factors in 2023 and 2028

5.7 Market condition

Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments

Chart on Application - Market share 2023-2028 (%)
Data Table on Application - Market share 2023-2028 (%)

6.2 Comparison by Application

Chart on Comparison by Application
Data Table on Comparison by Application

6.3 Onshore - Market size and forecast 2023-2028

Chart on Onshore - Market size and forecast 2023-2028 ($ million)
Data Table on Onshore - Market size and forecast 2023-2028 ($ million)
Chart on Onshore - Year-over-year growth 2023-2028 (%)
Data Table on Onshore - Year-over-year growth 2023-2028 (%)

6.4 Offshore - Market size and forecast 2023-2028

Chart on Offshore - Market size and forecast 2023-2028 ($ million)
Data Table on Offshore - Market size and forecast 2023-2028 ($ million)
Chart on Offshore - Year-over-year growth 2023-2028 (%)
Data Table on Offshore - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by Application

Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)

7 Customer Landscape

7.1 Customer landscape overview

Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation

Chart on Market share By Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 2023-2028 (%)

8.2 Geographic comparison

Chart on Geographic comparison
Data Table on Geographic comparison

8.3 APAC - Market size and forecast 2023-2028

Chart on APAC - Market size and forecast 2023-2028 ($ million)
Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)

8.4 Europe - Market size and forecast 2023-2028

Chart on Europe - Market size and forecast 2023-2028 ($ million)
Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)

8.5 North America - Market size and forecast 2023-2028

Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on North America - Market size and forecast 2023-2028 ($ million)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)

8.6 South America - Market size and forecast 2023-2028

Chart on South America - Market size and forecast 2023-2028 ($ million)
Data Table on South America - Market size and forecast 2023-2028 ($ million)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)

8.7 Middle East and Africa - Market size and forecast 2023-2028

Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

8.8 China - Market size and forecast 2023-2028

Chart on China - Market size and forecast 2023-2028 ($ million)
Data Table on China - Market size and forecast 2023-2028 ($ million)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)

8.9 US - Market size and forecast 2023-2028

Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)

8.10 Germany - Market size and forecast 2023-2028

Chart on Germany - Market size and forecast 2023-2028 ($ million)
Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Chart on Germany - Year-over-year growth 2023-2028 (%)
Data Table on Germany - Year-over-year growth 2023-2028 (%)

8.11 India - Market size and forecast 2023-2028

Chart on India - Market size and forecast 2023-2028 ($ million)
Data Table on India - Market size and forecast 2023-2028 ($ million)
Chart on India - Year-over-year growth 2023-2028 (%)
Data Table on India - Year-over-year growth 2023-2028 (%)

8.12 UK - Market size and forecast 2023-2028

Chart on UK - Market size and forecast 2023-2028 ($ million)
Data Table on UK - Market size and forecast 2023-2028 ($ million)
Chart on UK - Year-over-year growth 2023-2028 (%)
Data Table on UK - Year-over-year growth 2023-2028 (%)

8.13 Market opportunity By Geographical Landscape

Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)

9 Drivers, Challenges, and Opportunity/Restraints

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges

Impact of drivers and challenges in 2023 and 2028

9.4 Market opportunities/restraints

10 Competitive Landscape

10.1 Overview
10.2 Competitive Landscape

Overview on criticality of inputs and factors of differentiation

10.3 Landscape disruption

Overview on factors of disruption

10.4 Industry risks

Impact of key risks on business

11 Competitive Analysis

11.1 Companies profiled

Companies covered

11.2 Market positioning of companies

Matrix on companies position and classification

11.3 ABB

ABB - Overview
ABB - Product / Service
ABB - Key news
ABB - Key offerings

11.4 Alxion

Alxion - Overview
Alxion - Product / Service
Alxion - Key offerings

11.5 AVANTIS Energy Group

AVANTIS Energy Group - Overview
AVANTIS Energy Group - Product / Service
AVANTIS Energy Group - Key offerings

11.6 Bora Energy

Bora Energy - Overview
Bora Energy - Product / Service
Bora Energy - Key offerings

11.7 ENERCON GmbH

ENERCON GmbH - Overview
ENERCON GmbH - Product / Service
ENERCON GmbH - Key offerings

11.8 General Electric Co.

General Electric Co. - Overview
General Electric Co. - Business segments
General Electric Co. - Key news
General Electric Co. - Key offerings
General Electric Co. - Segment focus

11.9 Hitachi Ltd.

Hitachi Ltd. - Overview
Hitachi Ltd. - Business segments
Hitachi Ltd. - Key news
Hitachi Ltd. - Key offerings
Hitachi Ltd. - Segment focus

11.10 Sany Group

Sany Group - Overview
Sany Group - Product / Service
Sany Group - Key news
Sany Group - Key offerings

11.11 Siemens Gamesa Renewable Energy SA

Siemens Gamesa Renewable Energy SA - Overview
Siemens Gamesa Renewable Energy SA - Product / Service
Siemens Gamesa Renewable Energy SA - Key offerings

11.12 Suzlon Energy Ltd.

Suzlon Energy Ltd. - Overview
Suzlon Energy Ltd. - Business segments
Suzlon Energy Ltd. - Key offerings
Suzlon Energy Ltd. - Segment focus

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist

Inclusions checklist
Exclusions checklist

12.3 Currency conversion rates for US$

Currency conversion rates for US$

12.4 Research methodology

Research methodology

12.5 Data procurement

Information sources

12.6 Data validation

Data validation

12.7 Validation techniques employed for market sizing

Validation techniques employed for market sizing

12.8 Data synthesis

Data synthesis

12.9 360 degree market analysis

360 degree market analysis

12.10 List of abbreviations

List of abbreviations

List of Exhibits

Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Application
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Company Market Positioning
Exhibits 9: Parent Market
Exhibits 10: Data Table on - Parent Market
Exhibits 11: Market characteristics analysis
Exhibits 12: Value Chain Analysis
Exhibits 13: Offerings of companies included in the market definition
Exhibits 14: Market segments
Exhibits 15: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 16: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 19: Historic Market Size - Data Table on Global Wind Turbine Generator Market 2018 - 2022 ($ million)
Exhibits 20: Historic Market Size - Application Segment 2018 - 2022 ($ million)
Exhibits 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
Exhibits 23: Five forces analysis - Comparison between 2023 and 2028
Exhibits 24: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 29: Chart on Market condition - Five forces 2023 and 2028
Exhibits 30: Chart on Application - Market share 2023-2028 (%)
Exhibits 31: Data Table on Application - Market share 2023-2028 (%)
Exhibits 32: Chart on Comparison by Application
Exhibits 33: Data Table on Comparison by Application
Exhibits 34: Chart on Onshore - Market size and forecast 2023-2028 ($ million)
Exhibits 35: Data Table on Onshore - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Chart on Onshore - Year-over-year growth 2023-2028 (%)
Exhibits 37: Data Table on Onshore - Year-over-year growth 2023-2028 (%)
Exhibits 38: Chart on Offshore - Market size and forecast 2023-2028 ($ million)
Exhibits 39: Data Table on Offshore - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Chart on Offshore - Year-over-year growth 2023-2028 (%)
Exhibits 41: Data Table on Offshore - Year-over-year growth 2023-2028 (%)
Exhibits 42: Market opportunity by Application ($ million)
Exhibits 43: Data Table on Market opportunity by Application ($ million)
Exhibits 44: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 45: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 46: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 47: Chart on Geographic comparison
Exhibits 48: Data Table on Geographic comparison
Exhibits 49: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 65: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 67: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 68: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 69: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibits 70: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibits 71: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 72: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 73: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 74: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 75: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 76: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 77: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 78: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 79: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 80: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 81: Chart on India - Market size and forecast 2023-2028 ($ million)
Exhibits 82: Data Table on India - Market size and forecast 2023-2028 ($ million)
Exhibits 83: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibits 84: Data Table on India - Year-over-year growth 2023-2028 (%)
Exhibits 85: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibits 86: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibits 87: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibits 88: Data Table on UK - Year-over-year growth 2023-2028 (%)
Exhibits 89: Market opportunity By Geographical Landscape ($ million)
Exhibits 90: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 91: Impact of drivers and challenges in 2023 and 2028
Exhibits 92: Overview on criticality of inputs and factors of differentiation
Exhibits 93: Overview on factors of disruption
Exhibits 94: Impact of key risks on business
Exhibits 95: Companies covered
Exhibits 96: Matrix on companies position and classification
Exhibits 97: ABB - Overview
Exhibits 98: ABB - Product / Service
Exhibits 99: ABB - Key news
Exhibits 100: ABB - Key offerings
Exhibits 101: Alxion - Overview
Exhibits 102: Alxion - Product / Service
Exhibits 103: Alxion - Key offerings
Exhibits 104: AVANTIS Energy Group - Overview
Exhibits 105: AVANTIS Energy Group - Product / Service
Exhibits 106: AVANTIS Energy Group - Key offerings
Exhibits 107: Bora Energy - Overview
Exhibits 108: Bora Energy - Product / Service
Exhibits 109: Bora Energy - Key offerings
Exhibits 110: ENERCON GmbH - Overview
Exhibits 111: ENERCON GmbH - Product / Service
Exhibits 112: ENERCON GmbH - Key offerings
Exhibits 113: General Electric Co. - Overview
Exhibits 114: General Electric Co. - Business segments
Exhibits 115: General Electric Co. - Key news
Exhibits 116: General Electric Co. - Key offerings
Exhibits 117: General Electric Co. - Segment focus
Exhibits 118: Hitachi Ltd. - Overview
Exhibits 119: Hitachi Ltd. - Business segments
Exhibits 120: Hitachi Ltd. - Key news
Exhibits 121: Hitachi Ltd. - Key offerings
Exhibits 122: Hitachi Ltd. - Segment focus
Exhibits 123: Sany Group - Overview
Exhibits 124: Sany Group - Product / Service
Exhibits 125: Sany Group - Key news
Exhibits 126: Sany Group - Key offerings
Exhibits 127: Siemens Gamesa Renewable Energy SA - Overview
Exhibits 128: Siemens Gamesa Renewable Energy SA - Product / Service
Exhibits 129: Siemens Gamesa Renewable Energy SA - Key offerings
Exhibits 130: Suzlon Energy Ltd. - Overview
Exhibits 131: Suzlon Energy Ltd. - Business segments
Exhibits 132: Suzlon Energy Ltd. - Key offerings
Exhibits 133: Suzlon Energy Ltd. - Segment focus
Exhibits 134: Inclusions checklist
Exhibits 135: Exclusions checklist
Exhibits 136: Currency conversion rates for US$
Exhibits 137: Research methodology
Exhibits 138: Information sources
Exhibits 139: Data validation
Exhibits 140: Validation techniques employed for market sizing
Exhibits 141: Data synthesis
Exhibits 142: 360 degree market analysis
Exhibits 143: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global wind turbine generator market: ABB, Alxion, AVANTIS Energy Group, Bergey Wind Power Co., Bora Energy, Doosan Corp., Emergya Wind Technologies BV, ENERCON GmbH, Equinor ASA, General Electric Co., Hitachi Ltd., Nordex SE, Principle Power Inc., ReGen Powertech Pvt. Ltd., Sany Group, Siemens Gamesa Renewable Energy SA, Sinovel Wind Group Co. Ltd., Suzlon Energy Ltd., Vestas Wind Systems AS, and Xinjiang Goldwind Science and Technology Co. Ltd..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is R&D in direct-drive generators for wind turbines."

According to the report, one of the major drivers for this market is the rise in wind energy consumption.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

ABB
Alxion
AVANTIS Energy Group
Bergey Wind Power Co.
Bora Energy
Doosan Corp.
Emergya Wind Technologies BV
ENERCON GmbH
Equinor ASA
General Electric Co.
Hitachi Ltd.
Nordex SE
Principle Power Inc.
ReGen Powertech Pvt. Ltd.
Sany Group
Siemens Gamesa Renewable Energy SA
Sinovel Wind Group Co. Ltd.
Suzlon Energy Ltd.
Vestas Wind Systems AS
Xinjiang Goldwind Science and Technology Co. Ltd.

License	Format	Properties	Price
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€2481EUR$2,500USD£2,059GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€3969EUR$4,000USD£3,294GBP

The wind turbine generator market is segmented as below:

By Application

By Geographical Landscape

The report on the wind turbine generator market covers the following areas:

Table of Contents

Executive Summary

Companies Mentioned (Partial List)

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About the Wind Turbine Generator Market