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Wind Turbine Market: Global Opportunity Analysis and Industry Forecast, 2024-2033

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    Report

  • 300 Pages
  • August 2024
  • Region: Global
  • Allied Market Research
  • ID: 5578348

The wind turbine market was valued at $63.4 Billion in 2023, and is projected to reach $115.2 Billion by 2033, growing at a CAGR of 6.2% from 2024 to 2033

Segment Review: The Wind Turbine Market is segmented on the basis of Axis Type, Installation, Component, Application, and region. On the basis of Axis Type, the market is segmented into Horizontal, Vertical. On the basis of Installation, the market is segmented into Onshore, Offshore. On the basis of Component, the market is segmented into Rotator Blade, Gearbox, Generator, Nacelle, Others. On the basis of Application, the market is segmented into Industrial, Commercial, Residential, Utility. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, LAMEA

Competition Analysis: Competitive analysis and profiles of the major players in the global Wind Turbine Market include ENERCON Global GmbH, Siemens Gamesa Renewable Energy, S.A.U.,, GE VERNOVA, Goldwind Americas, Guodian United Power Technology Co.,Ltd, Mingyang Smart Energy Group Co., Ltd, Sinovel Wind Group Co., Ltd, Senvion India Pvt. Ltd, Suzlon Energy Limited, Vestas These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the Wind Turbine Market globally.

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  • Consumer Buying Behavior Analysis
  • Investment Opportunities
  • Product Benchmarking / Product specification and applications
  • Product Life Cycles
  • Upcoming/New Entrant by Regions
  • Consumer Preference and Product Specifications
  • Market share analysis of players by products/segments
  • New Product Development/ Product Matrix of Key Players
  • Patient/epidemiology data at country, region, global level
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  • Additional company profiles with specific to client's interest
  • Additional country or region analysis- market size and forecast
  • Expanded list for Company Profiles
  • Historic market data
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • List of customers/consumers/raw material suppliers- value chain analysis
  • Market share analysis of players at global/region/country level
  • Product Consumption Analysis

Key Market Segments

By Axis Type

  • Horizontal
  • Vertical

By Installation

  • Onshore
  • Offshore

By Component

  • Rotator Blade
  • Gearbox
  • Generator
  • Nacelle
  • Others

By Application

  • Industrial
  • Commercial
  • Residential
  • Utility

By Region

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

Key Market Players

  • ENERCON Global GmbH
  • Siemens Gamesa Renewable Energy, S.A.U.,
  • GE VERNOVA
  • Goldwind Americas
  • Guodian United Power Technology Co.,Ltd
  • Mingyang Smart Energy Group Co., Ltd
  • Sinovel Wind Group Co., Ltd
  • Senvion India Pvt. Ltd
  • Suzlon Energy Limited
  • Vestas

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET LANDSCAPE
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
CHAPTER 4: WIND TURBINE MARKET, BY AXIS TYPE
4.1. Market Overview
4.1.1 Market Size and Forecast, By Axis Type
4.2. Horizontal
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, By Region
4.2.3. Market Share Analysis, By Country
4.3. Vertical
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, By Region
4.3.3. Market Share Analysis, By Country
CHAPTER 5: WIND TURBINE MARKET, BY INSTALLATION
5.1. Market Overview
5.1.1 Market Size and Forecast, By Installation
5.2. Onshore
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, By Region
5.2.3. Market Share Analysis, By Country
5.3. Offshore
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, By Region
5.3.3. Market Share Analysis, By Country
CHAPTER 6: WIND TURBINE MARKET, BY COMPONENT
6.1. Market Overview
6.1.1 Market Size and Forecast, By Component
6.2. Rotator Blade
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast, By Region
6.2.3. Market Share Analysis, By Country
6.3. Gearbox
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast, By Region
6.3.3. Market Share Analysis, By Country
6.4. Generator
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast, By Region
6.4.3. Market Share Analysis, By Country
6.5. Nacelle
6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast, By Region
6.5.3. Market Share Analysis, By Country
6.6. Others
6.6.1. Key Market Trends, Growth Factors and Opportunities
6.6.2. Market Size and Forecast, By Region
6.6.3. Market Share Analysis, By Country
CHAPTER 7: WIND TURBINE MARKET, BY APPLICATION
7.1. Market Overview
7.1.1 Market Size and Forecast, By Application
7.2. Industrial
7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Size and Forecast, By Region
7.2.3. Market Share Analysis, By Country
7.3. Commercial
7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast, By Region
7.3.3. Market Share Analysis, By Country
7.4. Residential
7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Size and Forecast, By Region
7.4.3. Market Share Analysis, By Country
7.5. Utility
7.5.1. Key Market Trends, Growth Factors and Opportunities
7.5.2. Market Size and Forecast, By Region
7.5.3. Market Share Analysis, By Country
CHAPTER 8: WIND TURBINE MARKET, BY REGION
8.1. Market Overview
8.1.1 Market Size and Forecast, By Region
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. Market Size and Forecast, By Axis Type
8.2.3. Market Size and Forecast, By Installation
8.2.4. Market Size and Forecast, By Component
8.2.5. Market Size and Forecast, By Application
8.2.6. Market Size and Forecast, By Country
8.2.7. U.S. Wind Turbine Market
8.2.7.1. Market Size and Forecast, By Axis Type
8.2.7.2. Market Size and Forecast, By Installation
8.2.7.3. Market Size and Forecast, By Component
8.2.7.4. Market Size and Forecast, By Application
8.2.8. Canada Wind Turbine Market
8.2.8.1. Market Size and Forecast, By Axis Type
8.2.8.2. Market Size and Forecast, By Installation
8.2.8.3. Market Size and Forecast, By Component
8.2.8.4. Market Size and Forecast, By Application
8.2.9. Mexico Wind Turbine Market
8.2.9.1. Market Size and Forecast, By Axis Type
8.2.9.2. Market Size and Forecast, By Installation
8.2.9.3. Market Size and Forecast, By Component
8.2.9.4. Market Size and Forecast, By Application
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Market Size and Forecast, By Axis Type
8.3.3. Market Size and Forecast, By Installation
8.3.4. Market Size and Forecast, By Component
8.3.5. Market Size and Forecast, By Application
8.3.6. Market Size and Forecast, By Country
8.3.7. France Wind Turbine Market
8.3.7.1. Market Size and Forecast, By Axis Type
8.3.7.2. Market Size and Forecast, By Installation
8.3.7.3. Market Size and Forecast, By Component
8.3.7.4. Market Size and Forecast, By Application
8.3.8. Germany Wind Turbine Market
8.3.8.1. Market Size and Forecast, By Axis Type
8.3.8.2. Market Size and Forecast, By Installation
8.3.8.3. Market Size and Forecast, By Component
8.3.8.4. Market Size and Forecast, By Application
8.3.9. Italy Wind Turbine Market
8.3.9.1. Market Size and Forecast, By Axis Type
8.3.9.2. Market Size and Forecast, By Installation
8.3.9.3. Market Size and Forecast, By Component
8.3.9.4. Market Size and Forecast, By Application
8.3.10. Spain Wind Turbine Market
8.3.10.1. Market Size and Forecast, By Axis Type
8.3.10.2. Market Size and Forecast, By Installation
8.3.10.3. Market Size and Forecast, By Component
8.3.10.4. Market Size and Forecast, By Application
8.3.11. UK Wind Turbine Market
8.3.11.1. Market Size and Forecast, By Axis Type
8.3.11.2. Market Size and Forecast, By Installation
8.3.11.3. Market Size and Forecast, By Component
8.3.11.4. Market Size and Forecast, By Application
8.3.12. Rest Of Europe Wind Turbine Market
8.3.12.1. Market Size and Forecast, By Axis Type
8.3.12.2. Market Size and Forecast, By Installation
8.3.12.3. Market Size and Forecast, By Component
8.3.12.4. Market Size and Forecast, By Application
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Market Size and Forecast, By Axis Type
8.4.3. Market Size and Forecast, By Installation
8.4.4. Market Size and Forecast, By Component
8.4.5. Market Size and Forecast, By Application
8.4.6. Market Size and Forecast, By Country
8.4.7. China Wind Turbine Market
8.4.7.1. Market Size and Forecast, By Axis Type
8.4.7.2. Market Size and Forecast, By Installation
8.4.7.3. Market Size and Forecast, By Component
8.4.7.4. Market Size and Forecast, By Application
8.4.8. Japan Wind Turbine Market
8.4.8.1. Market Size and Forecast, By Axis Type
8.4.8.2. Market Size and Forecast, By Installation
8.4.8.3. Market Size and Forecast, By Component
8.4.8.4. Market Size and Forecast, By Application
8.4.9. India Wind Turbine Market
8.4.9.1. Market Size and Forecast, By Axis Type
8.4.9.2. Market Size and Forecast, By Installation
8.4.9.3. Market Size and Forecast, By Component
8.4.9.4. Market Size and Forecast, By Application
8.4.10. South Korea Wind Turbine Market
8.4.10.1. Market Size and Forecast, By Axis Type
8.4.10.2. Market Size and Forecast, By Installation
8.4.10.3. Market Size and Forecast, By Component
8.4.10.4. Market Size and Forecast, By Application
8.4.11. Australia Wind Turbine Market
8.4.11.1. Market Size and Forecast, By Axis Type
8.4.11.2. Market Size and Forecast, By Installation
8.4.11.3. Market Size and Forecast, By Component
8.4.11.4. Market Size and Forecast, By Application
8.4.12. Rest of Asia-Pacific Wind Turbine Market
8.4.12.1. Market Size and Forecast, By Axis Type
8.4.12.2. Market Size and Forecast, By Installation
8.4.12.3. Market Size and Forecast, By Component
8.4.12.4. Market Size and Forecast, By Application
8.5. LAMEA
8.5.1. Key Market Trends and Opportunities
8.5.2. Market Size and Forecast, By Axis Type
8.5.3. Market Size and Forecast, By Installation
8.5.4. Market Size and Forecast, By Component
8.5.5. Market Size and Forecast, By Application
8.5.6. Market Size and Forecast, By Country
8.5.7. Brazil Wind Turbine Market
8.5.7.1. Market Size and Forecast, By Axis Type
8.5.7.2. Market Size and Forecast, By Installation
8.5.7.3. Market Size and Forecast, By Component
8.5.7.4. Market Size and Forecast, By Application
8.5.8. South Africa Wind Turbine Market
8.5.8.1. Market Size and Forecast, By Axis Type
8.5.8.2. Market Size and Forecast, By Installation
8.5.8.3. Market Size and Forecast, By Component
8.5.8.4. Market Size and Forecast, By Application
8.5.9. Saudi Arabia Wind Turbine Market
8.5.9.1. Market Size and Forecast, By Axis Type
8.5.9.2. Market Size and Forecast, By Installation
8.5.9.3. Market Size and Forecast, By Component
8.5.9.4. Market Size and Forecast, By Application
8.5.10. Rest of LAMEA Wind Turbine Market
8.5.10.1. Market Size and Forecast, By Axis Type
8.5.10.2. Market Size and Forecast, By Installation
8.5.10.3. Market Size and Forecast, By Component
8.5.10.4. Market Size and Forecast, By Application
CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top Winning Strategies
9.3. Product Mapping Of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top Player Positioning, 2023
CHAPTER 10: COMPANY PROFILES
10.1. ENERCON Global GmbH
10.1.1. Company Overview
10.1.2. Key Executives
10.1.3. Company Snapshot
10.1.4. Operating Business Segments
10.1.5. Product Portfolio
10.1.6. Business Performance
10.1.7. Key Strategic Moves and Developments
10.2. Siemens Gamesa Renewable Energy, S.A.U.,
10.2.1. Company Overview
10.2.2. Key Executives
10.2.3. Company Snapshot
10.2.4. Operating Business Segments
10.2.5. Product Portfolio
10.2.6. Business Performance
10.2.7. Key Strategic Moves and Developments
10.3. GE VERNOVA
10.3.1. Company Overview
10.3.2. Key Executives
10.3.3. Company Snapshot
10.3.4. Operating Business Segments
10.3.5. Product Portfolio
10.3.6. Business Performance
10.3.7. Key Strategic Moves and Developments
10.4. Goldwind Americas
10.4.1. Company Overview
10.4.2. Key Executives
10.4.3. Company Snapshot
10.4.4. Operating Business Segments
10.4.5. Product Portfolio
10.4.6. Business Performance
10.4.7. Key Strategic Moves and Developments
10.5. Guodian United Power Technology Co., Ltd
10.5.1. Company Overview
10.5.2. Key Executives
10.5.3. Company Snapshot
10.5.4. Operating Business Segments
10.5.5. Product Portfolio
10.5.6. Business Performance
10.5.7. Key Strategic Moves and Developments
10.6. Mingyang Smart Energy Group Co., Ltd
10.6.1. Company Overview
10.6.2. Key Executives
10.6.3. Company Snapshot
10.6.4. Operating Business Segments
10.6.5. Product Portfolio
10.6.6. Business Performance
10.6.7. Key Strategic Moves and Developments
10.7. Sinovel Wind Group Co., Ltd
10.7.1. Company Overview
10.7.2. Key Executives
10.7.3. Company Snapshot
10.7.4. Operating Business Segments
10.7.5. Product Portfolio
10.7.6. Business Performance
10.7.7. Key Strategic Moves and Developments
10.8. Senvion India Pvt. Ltd
10.8.1. Company Overview
10.8.2. Key Executives
10.8.3. Company Snapshot
10.8.4. Operating Business Segments
10.8.5. Product Portfolio
10.8.6. Business Performance
10.8.7. Key Strategic Moves and Developments
10.9. Suzlon Energy Limited
10.9.1. Company Overview
10.9.2. Key Executives
10.9.3. Company Snapshot
10.9.4. Operating Business Segments
10.9.5. Product Portfolio
10.9.6. Business Performance
10.9.7. Key Strategic Moves and Developments
10.10. Vestas
10.10.1. Company Overview
10.10.2. Key Executives
10.10.3. Company Snapshot
10.10.4. Operating Business Segments
10.10.5. Product Portfolio
10.10.6. Business Performance
10.10.7. Key Strategic Moves and Developments
LIST OF TABLES
Table 1. Global Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 2. Wind Turbine Market for Horizontal, by Region, 2024 - 2033 ($Million)
Table 3. Wind Turbine Market for Vertical, by Region, 2024 - 2033 ($Million)
Table 4. Global Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 5. Wind Turbine Market for Onshore, by Region, 2024 - 2033 ($Million)
Table 6. Wind Turbine Market for Offshore, by Region, 2024 - 2033 ($Million)
Table 7. Global Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 8. Wind Turbine Market for Rotator Blade, by Region, 2024 - 2033 ($Million)
Table 9. Wind Turbine Market for Gearbox, by Region, 2024 - 2033 ($Million)
Table 10. Wind Turbine Market for Generator, by Region, 2024 - 2033 ($Million)
Table 11. Wind Turbine Market for Nacelle, by Region, 2024 - 2033 ($Million)
Table 12. Wind Turbine Market for Others, by Region, 2024 - 2033 ($Million)
Table 13. Global Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 14. Wind Turbine Market for Industrial, by Region, 2024 - 2033 ($Million)
Table 15. Wind Turbine Market for Commercial, by Region, 2024 - 2033 ($Million)
Table 16. Wind Turbine Market for Residential, by Region, 2024 - 2033 ($Million)
Table 17. Wind Turbine Market for Utility, by Region, 2024 - 2033 ($Million)
Table 18. Wind Turbine Market, by Region, 2024 - 2033 ($Million)
Table 19. North America Wind Turbine Market, by Country, 2024 - 2033 ($Million)
Table 20. North America Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 21. North America Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 22. North America Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 23. North America Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 24. U.S. Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 25. U.S. Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 26. U.S. Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 27. U.S. Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 28. Canada Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 29. Canada Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 30. Canada Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 31. Canada Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 32. Mexico Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 33. Mexico Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 34. Mexico Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 35. Mexico Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 36. Europe Wind Turbine Market, by Country, 2024 - 2033 ($Million)
Table 37. Europe Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 38. Europe Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 39. Europe Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 40. Europe Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 41. France Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 42. France Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 43. France Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 44. France Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 45. Germany Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 46. Germany Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 47. Germany Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 48. Germany Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 49. Italy Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 50. Italy Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 51. Italy Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 52. Italy Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 53. Spain Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 54. Spain Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 55. Spain Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 56. Spain Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 57. UK Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 58. UK Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 59. UK Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 60. UK Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 61. Rest of Europe Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 62. Rest of Europe Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 63. Rest of Europe Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 64. Rest of Europe Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 65. Asia-Pacific Wind Turbine Market, by Country, 2024 - 2033 ($Million)
Table 66. Asia-Pacific Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 67. Asia-Pacific Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 68. Asia-Pacific Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 69. Asia-Pacific Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 70. China Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 71. China Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 72. China Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 73. China Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 74. Japan Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 75. Japan Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 76. Japan Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 77. Japan Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 78. India Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 79. India Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 80. India Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 81. India Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 82. South Korea Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 83. South Korea Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 84. South Korea Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 85. South Korea Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 86. Australia Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 87. Australia Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 88. Australia Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 89. Australia Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 90. Rest of Asia-Pacific Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 91. Rest of Asia-Pacific Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 92. Rest of Asia-Pacific Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 93. Rest of Asia-Pacific Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 94. LAMEA Wind Turbine Market, by Country, 2024 - 2033 ($Million)
Table 95. LAMEA Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 96. LAMEA Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 97. LAMEA Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 98. LAMEA Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 99. Brazil Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 100. Brazil Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 101. Brazil Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 102. Brazil Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 103. South Africa Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 104. South Africa Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 105. South Africa Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 106. South Africa Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 107. Saudi Arabia Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 108. Saudi Arabia Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 109. Saudi Arabia Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 110. Saudi Arabia Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 111. Rest of LAMEA Wind Turbine Market, by Axis Type, 2024 - 2033 ($Million)
Table 112. Rest of LAMEA Wind Turbine Market, by Installation, 2024 - 2033 ($Million)
Table 113. Rest of LAMEA Wind Turbine Market, by Component, 2024 - 2033 ($Million)
Table 114. Rest of LAMEA Wind Turbine Market, by Application, 2024 - 2033 ($Million)
Table 115. Enercon Global GmbH: Key Executives
Table 116. Enercon Global GmbH: Company Snapshot
Table 117. Enercon Global GmbH: Operating Segments
Table 118. Enercon Global GmbH: Product Portfolio
Table 119. Enercon Global GmbH: Key Strategic Moves and Developments
Table 120. Siemens Gamesa Renewable Energy, SAU. : Key Executives
Table 121. Siemens Gamesa Renewable Energy, SAU. : Company Snapshot
Table 122. Siemens Gamesa Renewable Energy, SAU. : Operating Segments
Table 123. Siemens Gamesa Renewable Energy, SAU. : Product Portfolio
Table 124. Siemens Gamesa Renewable Energy, SAU. : Key Strategic Moves and Developments
Table 125. GE Vernova: Key Executives
Table 126. GE Vernova: Company Snapshot
Table 127. GE Vernova: Operating Segments
Table 128. GE Vernova: Product Portfolio
Table 129. GE Vernova: Key Strategic Moves and Developments
Table 130. Goldwind Americas: Key Executives
Table 131. Goldwind Americas: Company Snapshot
Table 132. Goldwind Americas: Operating Segments
Table 133. Goldwind Americas: Product Portfolio
Table 134. Goldwind Americas: Key Strategic Moves and Developments
Table 135. Guodian United Power Technology Co. Ltd.: Key Executives
Table 136. Guodian United Power Technology Co. Ltd.: Company Snapshot
Table 137. Guodian United Power Technology Co. Ltd.: Operating Segments
Table 138. Guodian United Power Technology Co. Ltd.: Product Portfolio
Table 139. Guodian United Power Technology Co. Ltd.: Key Strategic Moves and Developments
Table 140. Mingyang Smart Energy Group Co. Ltd.: Key Executives
Table 141. Mingyang Smart Energy Group Co. Ltd.: Company Snapshot
Table 142. Mingyang Smart Energy Group Co. Ltd.: Operating Segments
Table 143. Mingyang Smart Energy Group Co. Ltd.: Product Portfolio
Table 144. Mingyang Smart Energy Group Co. Ltd.: Key Strategic Moves and Developments
Table 145. Sinovel Wind Group Co. Ltd.: Key Executives
Table 146. Sinovel Wind Group Co. Ltd.: Company Snapshot
Table 147. Sinovel Wind Group Co. Ltd.: Operating Segments
Table 148. Sinovel Wind Group Co. Ltd.: Product Portfolio
Table 149. Sinovel Wind Group Co. Ltd.: Key Strategic Moves and Developments
Table 150. Senvion India Pvt. Ltd.: Key Executives
Table 151. Senvion India Pvt. Ltd.: Company Snapshot
Table 152. Senvion India Pvt. Ltd.: Operating Segments
Table 153. Senvion India Pvt. Ltd.: Product Portfolio
Table 154. Senvion India Pvt. Ltd.: Key Strategic Moves and Developments
Table 155. Suzlon Energy Limited: Key Executives
Table 156. Suzlon Energy Limited: Company Snapshot
Table 157. Suzlon Energy Limited: Operating Segments
Table 158. Suzlon Energy Limited: Product Portfolio
Table 159. Suzlon Energy Limited: Key Strategic Moves and Developments
Table 160. Vestas: Key Executives
Table 161. Vestas: Company Snapshot
Table 162. Vestas: Operating Segments
Table 163. Vestas: Product Portfolio
Table 164. Vestas: Key Strategic Moves and Developments
LIST OF FIGURES
Figure 1. Global Wind Turbine Market, 2024 - 2033
Figure 2. Segmentation of Wind Turbine Market, 2024 - 2033
Figure 3. Top Investment Pocket in Wind Turbine Market
Figure 4. Moderate Bargaining Power of Buyers
Figure 5. Moderate Bargaining Power of Suppliers
Figure 6. Moderate Threat of New Entrants
Figure 7. Low Threat of Substitution
Figure 8. High Competitive Rivalry
Figure 9. Opportunities, Restraints and Drivers: Globalwind Turbine Market
Figure 10. Global Wind Turbine Market Segmentation, by Axis Type
Figure 11. Wind Turbine Market for Horizontal, by Country, 2024 - 2033 ($Million)
Figure 12. Wind Turbine Market for Vertical, by Country, 2024 - 2033 ($Million)
Figure 13. Global Wind Turbine Market Segmentation, by Installation
Figure 14. Wind Turbine Market for Onshore, by Country, 2024 - 2033 ($Million)
Figure 15. Wind Turbine Market for Offshore, by Country, 2024 - 2033 ($Million)
Figure 16. Global Wind Turbine Market Segmentation, by Component
Figure 17. Wind Turbine Market for Rotator Blade, by Country, 2024 - 2033 ($Million)
Figure 18. Wind Turbine Market for Gearbox, by Country, 2024 - 2033 ($Million)
Figure 19. Wind Turbine Market for Generator, by Country, 2024 - 2033 ($Million)
Figure 20. Wind Turbine Market for Nacelle, by Country, 2024 - 2033 ($Million)
Figure 21. Wind Turbine Market for Others, by Country, 2024 - 2033 ($Million)
Figure 22. Global Wind Turbine Market Segmentation, by Application
Figure 23. Wind Turbine Market for Industrial, by Country, 2024 - 2033 ($Million)
Figure 24. Wind Turbine Market for Commercial, by Country, 2024 - 2033 ($Million)
Figure 25. Wind Turbine Market for Residential, by Country, 2024 - 2033 ($Million)
Figure 26. Wind Turbine Market for Utility, by Country, 2024 - 2033 ($Million)
Figure 27. Top Winning Strategies, by Year, 2021-2023*
Figure 28. Top Winning Strategies, by Development, 2021-2023*
Figure 29. Top Winning Strategies, by Company, 2021-2023*
Figure 30. Product Mapping of Top 10 Players
Figure 31. Competitive Dashboard
Figure 32. Competitive Heatmap: Wind Turbine Market
Figure 33. Top Player Positioning, 2023
Figure 34. Enercon Global GmbH: Net Sales, 2021-2023 ($Million)
Figure 35. Enercon Global GmbH: Revenue Share, by Segment, 2023 (%)
Figure 36. Enercon Global GmbH: Revenue Share, by Region, 2023 (%)
Figure 37. Siemens Gamesa Renewable Energy, SAU. : Net Sales, 2021-2023 ($Million)
Figure 38. Siemens Gamesa Renewable Energy, SAU. : Revenue Share, by Segment, 2023 (%)
Figure 39. Siemens Gamesa Renewable Energy, SAU. : Revenue Share, by Region, 2023 (%)
Figure 40. GE Vernova: Net Sales, 2021-2023 ($Million)
Figure 41. GE Vernova: Revenue Share, by Segment, 2023 (%)
Figure 42. GE Vernova: Revenue Share, by Region, 2023 (%)
Figure 43. Goldwind Americas: Net Sales, 2021-2023 ($Million)
Figure 44. Goldwind Americas: Revenue Share, by Segment, 2023 (%)
Figure 45. Goldwind Americas: Revenue Share, by Region, 2023 (%)
Figure 46. Guodian United Power Technology Co. Ltd.: Net Sales, 2021-2023 ($Million)
Figure 47. Guodian United Power Technology Co. Ltd.: Revenue Share, by Segment, 2023 (%)
Figure 48. Guodian United Power Technology Co. Ltd.: Revenue Share, by Region, 2023 (%)
Figure 49. Mingyang Smart Energy Group Co. Ltd.: Net Sales, 2021-2023 ($Million)
Figure 50. Mingyang Smart Energy Group Co. Ltd.: Revenue Share, by Segment, 2023 (%)
Figure 51. Mingyang Smart Energy Group Co. Ltd.: Revenue Share, by Region, 2023 (%)
Figure 52. Sinovel Wind Group Co. Ltd.: Net Sales, 2021-2023 ($Million)
Figure 53. Sinovel Wind Group Co. Ltd.: Revenue Share, by Segment, 2023 (%)
Figure 54. Sinovel Wind Group Co. Ltd.: Revenue Share, by Region, 2023 (%)
Figure 55. Senvion India Pvt. Ltd.: Net Sales, 2021-2023 ($Million)
Figure 56. Senvion India Pvt. Ltd.: Revenue Share, by Segment, 2023 (%)
Figure 57. Senvion India Pvt. Ltd.: Revenue Share, by Region, 2023 (%)
Figure 58. Suzlon Energy Limited: Net Sales, 2021-2023 ($Million)
Figure 59. Suzlon Energy Limited: Revenue Share, by Segment, 2023 (%)
Figure 60. Suzlon Energy Limited: Revenue Share, by Region, 2023 (%)
Figure 61. Vestas: Net Sales, 2021-2023 ($Million)
Figure 62. Vestas: Revenue Share, by Segment, 2023 (%)
Figure 63. Vestas: Revenue Share, by Region, 2023 (%)

Executive Summary

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

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

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

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

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

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

COVID-19 Impact on the Market


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

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

Key Findings Of The Study


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

Companies Mentioned

  • ENERCON Global GmbH
  • Siemens Gamesa Renewable Energy, S.A.U.,
  • GE VERNOVA
  • Goldwind Americas
  • Guodian United Power Technology Co.,Ltd
  • Mingyang Smart Energy Group Co., Ltd
  • Sinovel Wind Group Co., Ltd
  • Senvion India Pvt. Ltd
  • Suzlon Energy Limited
  • Vestas

Methodology

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

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

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

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

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

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