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Wind Power Generator Market By Installation, By Application, By End Use Industry: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 247 Pages
  • August 2023
  • Region: Global
  • Allied Market Research
  • ID: 5894542
The global wind power generator market was valued at $21.4 billion in 2022, and is projected to reach $35.4 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032.

A wind power generator, also known as a wind turbine or wind energy converter, is a device that harnesses the kinetic energy of the wind and converts it into electrical power. Wind turbines are a crucial component of wind power systems, which generate renewable energy from the wind, a clean and sustainable resource. In addition, Wind power generators are available in various sizes, from small turbines used for residential or rural applications to large-scale utility-grade turbines installed in wind farms. The efficiency and energy output of wind turbines depend on factors such as wind speed, turbine size, design, and location.

Increase in awareness about climate change, emergence of innovative technology & business module, and growing demand for energy have enhanced the performance of wind power generators in residential utility sectors. According to a report published by the U.S. Energy Information Admission (EIA) in August 2021, 41% of 402 MW of existing small-scale storage power capacity in the U.S. are installed in the residential sectors. In addition, increase in demand for installation of rooftop solar power station across the U.S., the UK, Germany, Italy, China, and France is witnessed in residential installations, owing to the benefit to the installer. These factors are anticipated to enhance the demand for wind power generator in the residential sector.

Wind turbines can pose risks to birds and bats, especially when located along migratory routes or in critical habitats. Collisions with turbine blades or changes in wind patterns near the turbines can result in bird and bat fatalities. Proper site selection and wildlife monitoring are essential to mitigate these impacts.

The operational costs of wind power are relatively low, the initial investment costs for constructing wind farms can be substantial. The high upfront expenses can make it challenging for some projects to secure financing, particularly in regions with less favorable regulatory and market conditions. These factors are projected to hamper the market growth.

According to the International Energy Agency (IEA), the demand for renewable energy has increased since 2015. For instance, the global solar PV capacity additions were expected to reach nearly 107 GW in 2020 in the main case, representing stable growth from 2019. The increase in demand for PV technology is attributed to rise in need for sustainable energy resources, reduction in dependency on conventional fuels, and minimized carbon emission.

According to the International Energy Agency, a France-based energy policy advisor, Solar PV, has registered a growth rate of 22% in 2019 among all other forms of renewable energy sources, such as wind and hydro energy, owing to rise in demand for energy from developing countries, such as India, China, and Thailand, across the Asia-Pacific region. This is attributed to rapid industrialization and urbanization. In addition, implementation of stringent government regulations to reduce carbon emission produced due to usage of conventional fuels has led to increase in adoption of photovoltaic technology for electricity generation. The demand for wind power generator is anticipated to increase with rise in demand for renewable energy. This factor is projected to offer new avenues for the wind power generator market.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the wind power generator market analysis from 2022 to 2032 to identify the prevailing wind power generator market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the wind power generator market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global wind power generator market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

  • Quarterly update (only available with the purchase of an enterprise license)
  • 5 additional company profiles of your choice, pre- or post-purchase, as a free update.
  • Free updated version (once released) with the purchase of a 1-5 or enterprise user license.
  • 16 analyst hours of support (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
  • 15% free customization (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
  • Free data pack (Excel version) with the purchase of a 1-5 or enterprise user license.
  • Free report update, if the report is 6-12 months old or older.
  • 24-hour priority response
  • Free industry updates and white papers.

Key Market Segments

By Installation

  • On-shore
  • Off-shore

By Application

  • Horizontal axis wind power
  • Vertical axis wind power

By End Use Industry

  • Commerical and Industrial
  • Utility and Power Generation
  • Others

By Region

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

Key Market Players

  • Vestas
  • Siemens
  • Goldwind
  • Samsung Electronics
  • ENERCON GmbH
  • Senvion
  • General Electric
  • United Power, Inc.
  • NORDEX SE
  • Ming Yang Smart Energy Group Limited

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
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 OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. High threat of new entrants
3.3.3. High threat of substitutes
3.3.4. High intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in demand from building & construction sector
3.4.1.2. Growing awareness about sustainable packaging solutions
3.4.2. Restraints
3.4.2.1. High-cost of production and environmental impact
3.4.3. Opportunities
3.4.3.1. Innovative solution for renewable energy storage systems
3.5. Value Chain Analysis
3.6. Pricing Analysis
3.7. Patent Landscape
3.8. Key Regulation Analysis
CHAPTER 4: WIND POWER GENERATOR MARKET, BY INSTALLATION
4.1. Overview
4.1.1. Market size and forecast
4.2. On-shore
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. Off-shore
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 POWER GENERATOR MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Horizontal axis wind power
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. Vertical axis wind power
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 POWER GENERATOR MARKET, BY END USE INDUSTRY
6.1. Overview
6.1.1. Market size and forecast
6.2. Commerical and Industrial
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. Utility and Power Generation
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. Others
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
CHAPTER 7: WIND POWER GENERATOR MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by Installation
7.2.3. Market size and forecast, by Application
7.2.4. Market size and forecast, by End Use Industry
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by Installation
7.2.5.1.2. Market size and forecast, by Application
7.2.5.1.3. Market size and forecast, by End Use Industry
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by Installation
7.2.5.2.2. Market size and forecast, by Application
7.2.5.2.3. Market size and forecast, by End Use Industry
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by Installation
7.2.5.3.2. Market size and forecast, by Application
7.2.5.3.3. Market size and forecast, by End Use Industry
7.3. Europe
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by Installation
7.3.3. Market size and forecast, by Application
7.3.4. Market size and forecast, by End Use Industry
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Market size and forecast, by Installation
7.3.5.1.2. Market size and forecast, by Application
7.3.5.1.3. Market size and forecast, by End Use Industry
7.3.5.2. France
7.3.5.2.1. Market size and forecast, by Installation
7.3.5.2.2. Market size and forecast, by Application
7.3.5.2.3. Market size and forecast, by End Use Industry
7.3.5.3. UK
7.3.5.3.1. Market size and forecast, by Installation
7.3.5.3.2. Market size and forecast, by Application
7.3.5.3.3. Market size and forecast, by End Use Industry
7.3.5.4. Italy
7.3.5.4.1. Market size and forecast, by Installation
7.3.5.4.2. Market size and forecast, by Application
7.3.5.4.3. Market size and forecast, by End Use Industry
7.3.5.5. Spain
7.3.5.5.1. Market size and forecast, by Installation
7.3.5.5.2. Market size and forecast, by Application
7.3.5.5.3. Market size and forecast, by End Use Industry
7.3.5.6. Rest of Europe
7.3.5.6.1. Market size and forecast, by Installation
7.3.5.6.2. Market size and forecast, by Application
7.3.5.6.3. Market size and forecast, by End Use Industry
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by Installation
7.4.3. Market size and forecast, by Application
7.4.4. Market size and forecast, by End Use Industry
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by Installation
7.4.5.1.2. Market size and forecast, by Application
7.4.5.1.3. Market size and forecast, by End Use Industry
7.4.5.2. Japan
7.4.5.2.1. Market size and forecast, by Installation
7.4.5.2.2. Market size and forecast, by Application
7.4.5.2.3. Market size and forecast, by End Use Industry
7.4.5.3. India
7.4.5.3.1. Market size and forecast, by Installation
7.4.5.3.2. Market size and forecast, by Application
7.4.5.3.3. Market size and forecast, by End Use Industry
7.4.5.4. Australia
7.4.5.4.1. Market size and forecast, by Installation
7.4.5.4.2. Market size and forecast, by Application
7.4.5.4.3. Market size and forecast, by End Use Industry
7.4.5.5. South Korea
7.4.5.5.1. Market size and forecast, by Installation
7.4.5.5.2. Market size and forecast, by Application
7.4.5.5.3. Market size and forecast, by End Use Industry
7.4.5.6. Rest of Asia-Pacific
7.4.5.6.1. Market size and forecast, by Installation
7.4.5.6.2. Market size and forecast, by Application
7.4.5.6.3. Market size and forecast, by End Use Industry
7.5. LAMEA
7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by Installation
7.5.3. Market size and forecast, by Application
7.5.4. Market size and forecast, by End Use Industry
7.5.5. Market size and forecast, by country
7.5.5.1. Brazil
7.5.5.1.1. Market size and forecast, by Installation
7.5.5.1.2. Market size and forecast, by Application
7.5.5.1.3. Market size and forecast, by End Use Industry
7.5.5.2. Saudi Arabia
7.5.5.2.1. Market size and forecast, by Installation
7.5.5.2.2. Market size and forecast, by Application
7.5.5.2.3. Market size and forecast, by End Use Industry
7.5.5.3. South Africa
7.5.5.3.1. Market size and forecast, by Installation
7.5.5.3.2. Market size and forecast, by Application
7.5.5.3.3. Market size and forecast, by End Use Industry
7.5.5.4. Rest of LAMEA
7.5.5.4.1. Market size and forecast, by Installation
7.5.5.4.2. Market size and forecast, by Application
7.5.5.4.3. Market size and forecast, by End Use Industry
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
9.1. General Electric
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.2. Siemens
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.3. Vestas
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.4. Goldwind
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.5. ENERCON GmbH
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.6. NORDEX SE
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.7. Senvion
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.8. Ming Yang Smart Energy Group Limited
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.9. United Power, Inc.
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. Business performance
9.10. Samsung Electronics
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance
List of Tables
Table 01. Global Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 02. Wind Power Generator Market for On-Shore, by Region, 2022-2032 ($Million)
Table 03. Wind Power Generator Market for Off-Shore, by Region, 2022-2032 ($Million)
Table 04. Global Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 05. Wind Power Generator Market for Horizontal Axis Wind Power, by Region, 2022-2032 ($Million)
Table 06. Wind Power Generator Market for Vertical Axis Wind Power, by Region, 2022-2032 ($Million)
Table 07. Global Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 08. Wind Power Generator Market for Commerical and Industrial, by Region, 2022-2032 ($Million)
Table 09. Wind Power Generator Market for Utility and Power Generation, by Region, 2022-2032 ($Million)
Table 10. Wind Power Generator Market for Others, by Region, 2022-2032 ($Million)
Table 11. Wind Power Generator Market, by Region, 2022-2032 ($Million)
Table 12. North America Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 13. North America Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 14. North America Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 15. North America Wind Power Generator Market, by Country, 2022-2032 ($Million)
Table 16. U.S. Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 17. U.S. Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 18. U.S. Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 19. Canada Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 20. Canada Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 21. Canada Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 22. Mexico Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 23. Mexico Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 24. Mexico Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 25. Europe Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 26. Europe Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 27. Europe Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 28. Europe Wind Power Generator Market, by Country, 2022-2032 ($Million)
Table 29. Germany Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 30. Germany Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 31. Germany Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 32. France Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 33. France Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 34. France Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 35. UK Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 36. UK Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 37. UK Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 38. Italy Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 39. Italy Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 40. Italy Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 41. Spain Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 42. Spain Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 43. Spain Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 44. Rest of Europe Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 45. Rest of Europe Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 46. Rest of Europe Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 47. Asia-Pacific Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 48. Asia-Pacific Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 49. Asia-Pacific Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 50. Asia-Pacific Wind Power Generator Market, by Country, 2022-2032 ($Million)
Table 51. China Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 52. China Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 53. China Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 54. Japan Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 55. Japan Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 56. Japan Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 57. India Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 58. India Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 59. India Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 60. Australia Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 61. Australia Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 62. Australia Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 63. South Korea Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 64. South Korea Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 65. South Korea Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 66. Rest of Asia-Pacific Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 67. Rest of Asia-Pacific Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 68. Rest of Asia-Pacific Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 69. LAMEA Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 70. LAMEA Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 71. LAMEA Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 72. LAMEA Wind Power Generator Market, by Country, 2022-2032 ($Million)
Table 73. Brazil Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 74. Brazil Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 75. Brazil Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 76. Saudi Arabia Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 77. Saudi Arabia Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 78. Saudi Arabia Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 79. South Africa Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 80. South Africa Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 81. South Africa Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 82. Rest of LAMEA Wind Power Generator Market, by Installation, 2022-2032 ($Million)
Table 83. Rest of LAMEA Wind Power Generator Market, by Application, 2022-2032 ($Million)
Table 84. Rest of LAMEA Wind Power Generator Market, by End Use Industry, 2022-2032 ($Million)
Table 85. General Electric: Key Executives
Table 86. General Electric: Company Snapshot
Table 87. General Electric: Product Segments
Table 88. General Electric: Product Portfolio
Table 89. Siemens: Key Executives
Table 90. Siemens: Company Snapshot
Table 91. Siemens: Product Segments
Table 92. Siemens: Product Portfolio
Table 93. Vestas: Key Executives
Table 94. Vestas: Company Snapshot
Table 95. Vestas: Product Segments
Table 96. Vestas: Service Segments
Table 97. Vestas: Product Portfolio
Table 98. Goldwind: Key Executives
Table 99. Goldwind: Company Snapshot
Table 100. Goldwind: Product Segments
Table 101. Goldwind: Product Portfolio
Table 102. Enercon GmbH: Key Executives
Table 103. Enercon GmbH: Company Snapshot
Table 104. Enercon GmbH: Product Segments
Table 105. Enercon GmbH: Product Portfolio
Table 106. Nordex SE: Key Executives
Table 107. Nordex SE: Company Snapshot
Table 108. Nordex SE: Product Segments
Table 109. Nordex SE: Product Portfolio
Table 110. Senvion: Key Executives
Table 111. Senvion: Company Snapshot
Table 112. Senvion: Product Segments
Table 113. Senvion: Product Portfolio
Table 114. Ming Yang Smart Energy Group Limited: Key Executives
Table 115. Ming Yang Smart Energy Group Limited: Company Snapshot
Table 116. Ming Yang Smart Energy Group Limited: Product Segments
Table 117. Ming Yang Smart Energy Group Limited: Product Portfolio
Table 118. United Power, Inc.: Key Executives
Table 119. United Power, Inc.: Company Snapshot
Table 120. United Power, Inc.: Product Segments
Table 121. United Power, Inc.: Product Portfolio
Table 122. Samsung Electronics: Key Executives
Table 123. Samsung Electronics: Company Snapshot
Table 124. Samsung Electronics: Product Segments
Table 125. Samsung Electronics: Product Portfolio
List of Figures
Figure 01. Wind Power Generator Market, 2022-2032
Figure 02. Segmentation of Wind Power Generator Market, 2022-2032
Figure 03. Top Investment Pockets in Wind Power Generator Market (2023-2032)
Figure 04. Moderate Bargaining Power of Suppliers
Figure 05. High Threat of New Entrants
Figure 06. High Threat of Substitutes
Figure 07. High Intensity of Rivalry
Figure 08. Moderate Bargaining Power of Buyers
Figure 09. Global Wind Power Generator Market:Drivers, Restraints and Opportunities
Figure 10. Pricing Analysis: Wind Power Generator Market 2022 and 2032
Figure 11. Patent Analysis by Company
Figure 12. Patent Analysis by Country
Figure 13. Impact of Key Regulation: Wind Power Generator Market
Figure 14. Wind Power Generator Market, by Installation, 2022 and 2032 (%)
Figure 15. Comparative Share Analysis of Wind Power Generator Market for On-Shore, by Country 2022 and 2032 (%)
Figure 16. Comparative Share Analysis of Wind Power Generator Market for Off-Shore, by Country 2022 and 2032 (%)
Figure 17. Wind Power Generator Market, by Application, 2022 and 2032 (%)
Figure 18. Comparative Share Analysis of Wind Power Generator Market for Horizontal Axis Wind Power, by Country 2022 and 2032 (%)
Figure 19. Comparative Share Analysis of Wind Power Generator Market for Vertical Axis Wind Power, by Country 2022 and 2032 (%)
Figure 20. Wind Power Generator Market, by End Use Industry, 2022 and 2032 (%)
Figure 21. Comparative Share Analysis of Wind Power Generator Market for Commerical and Industrial, by Country 2022 and 2032 (%)
Figure 22. Comparative Share Analysis of Wind Power Generator Market for Utility and Power Generation, by Country 2022 and 2032 (%)
Figure 23. Comparative Share Analysis of Wind Power Generator Market for Others, by Country 2022 and 2032 (%)
Figure 24. Wind Power Generator Market by Region, 2022 and 2032 (%)
Figure 25. U.S. Wind Power Generator Market, 2022-2032 ($Million)
Figure 26. Canada Wind Power Generator Market, 2022-2032 ($Million)
Figure 27. Mexico Wind Power Generator Market, 2022-2032 ($Million)
Figure 28. Germany Wind Power Generator Market, 2022-2032 ($Million)
Figure 29. France Wind Power Generator Market, 2022-2032 ($Million)
Figure 30. UK Wind Power Generator Market, 2022-2032 ($Million)
Figure 31. Italy Wind Power Generator Market, 2022-2032 ($Million)
Figure 32. Spain Wind Power Generator Market, 2022-2032 ($Million)
Figure 33. Rest of Europe Wind Power Generator Market, 2022-2032 ($Million)
Figure 34. China Wind Power Generator Market, 2022-2032 ($Million)
Figure 35. Japan Wind Power Generator Market, 2022-2032 ($Million)
Figure 36. India Wind Power Generator Market, 2022-2032 ($Million)
Figure 37. Australia Wind Power Generator Market, 2022-2032 ($Million)
Figure 38. South Korea Wind Power Generator Market, 2022-2032 ($Million)
Figure 39. Rest of Asia-Pacific Wind Power Generator Market, 2022-2032 ($Million)
Figure 40. Brazil Wind Power Generator Market, 2022-2032 ($Million)
Figure 41. Saudi Arabia Wind Power Generator Market, 2022-2032 ($Million)
Figure 42. South Africa Wind Power Generator Market, 2022-2032 ($Million)
Figure 43. Rest of LAMEA Wind Power Generator Market, 2022-2032 ($Million)
Figure 44. Top Winning Strategies, by Year
Figure 45. Top Winning Strategies, by Development
Figure 46. Top Winning Strategies, by Company
Figure 47. Product Mapping of Top 10 Players
Figure 48. Competitive Dashboard
Figure 49. Competitive Heatmap: Wind Power Generator Market
Figure 50. Top Player Positioning, 2022
Figure 51. General Electric: Net Revenue, 2020-2022 ($Million)
Figure 52. General Electric: Research & Development Expenditure, 2020-2022 ($Million)
Figure 53. General Electric: Revenue Share by Segment, 2022 (%)
Figure 54. General Electric: Revenue Share by Region, 2022 (%)
Figure 55. Siemens: Net Revenue, 2020-2022 ($Million)
Figure 56. Siemens: Revenue Share by Region, 2022 (%)
Figure 57. Siemens: Revenue Share by Segment, 2022 (%)
Figure 58. Vestas: Net Revenue, 2019-2021 ($Million)
Figure 59. Vestas: Revenue Share by Segment, 2021 (%)
Figure 60. Vestas: Revenue Share by Region, 2021 (%)
Figure 61. Goldwind: Net Revenue, 2020-2022 ($Million)
Figure 62. Goldwind: Revenue Share by Segment, 2022 (%)
Figure 63. Nordex SE: Net Revenue, 2020-2022 ($Million)
Figure 64. Nordex SE: Revenue Share by Region, 2022 (%)
Figure 65. Nordex SE: Revenue Share by Segment, 2022 (%)
Figure 66. United Power, Inc.: Net Revenue, 2020-2022 ($Million)
Figure 67. Samsung Electronics: Sales Revenue, 2020-2022 ($Million)
Figure 68. Samsung Electronics: Revenue Share by Region, 2022 (%)

Executive Summary

According to this report, the wind power generator market was valued at $21.4 billion in 2022, and is estimated to reach $35.4 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032.

A wind power generator, also known as a wind turbine or wind energy converter, is a device that harnesses the kinetic energy of the wind and converts it into electrical power. Wind turbines are a crucial component of wind power systems, which generate renewable energy from the wind, a clean and sustainable resource. In addition, Wind power generators are available in various sizes, from small turbines used for residential or rural applications to large-scale utility-grade turbines installed in wind farms. The efficiency and energy output of wind turbines depend on factors such as wind speed, turbine size, design, and location.

Factors such as increase in disposable income, technological upgrades, and rise in original equipment manufacturers (OEMs) have led the automotive & transportation sector to witness a significant growth. For instance, according to a report published by the India Brands Equity Foundation, the domestic automobile production increased by a compound annual growth rate (CAGR) of 2.36% from 2016 to 2020 with 26.36 million vehicles being manufactured in India in 2020.

Wind power generators possess excellent significant properties such as high mechanical strength, adhesion to metals, thermal resistance, chemical resistance, and corrosion resistance that make them best suited for automotive coating applications. Furthermore, they serve the requirement for high gloss, superior smoothness, and beautiful aesthetics of luxury cars. Moreover, wind power generators are highly preferred for interior coating applications of under hood parts and engine components, owing to their scratch resistance property. These factors together are anticipated to foster the growth of the wind power generator market during the forecast period.

Wind turbines can pose risks to birds and bats, especially when located along migratory routes or in critical habitats. Collisions with turbine blades or changes in wind patterns near the turbines can result in bird and bat fatalities. Proper site selection and wildlife monitoring are essential to mitigate these impacts.

The operational costs of wind power are relatively low, the initial investment costs for constructing wind farms can be substantial. The high upfront expenses can make it challenging for some projects to secure financing, particularly in regions with less favorable regulatory and market conditions. These factors are projected to hamper the market growth.

On the contrary, Onshore wind installations generally have lower upfront costs as compared to offshore installations. The costs associated with transporting and installing offshore wind turbines in water are often higher, making onshore projects more financially feasible. This factor is expected to enhance the wind power generator market for onshore segment during the forecast period
According to the International Energy Agency (IEA), the demand for renewable energy has increased since 2015. For instance, the global solar PV capacity additions were expected to reach nearly 107 GW in 2020 in the main case, representing stable growth from 2019. The increase in demand for PV technology is attributed to rise in need for sustainable energy resources, reduction in dependency on conventional fuels, and minimized carbon emission. According to the International Energy Agency, a France-based energy policy advisor, Solar PV, has registered a growth rate of 22% in 2019 among all other forms of renewable energy sources, such as wind and hydro energy, owing to rise in demand for energy from developing countries, such as India, China, and Thailand, across the Asia-Pacific region. This is attributed to rapid industrialization and urbanization. In addition, implementation of stringent government regulations to reduce carbon emission produced due to usage of conventional fuels has led to increase in adoption of photovoltaic technology for electricity generation. The demand for wind power generator is anticipated to increase with rise in demand for renewable energy. This factor is projected to offer new avenues for the wind power generator market.

The wind power generator market is segmented on the basis of installation, application, end-use industry, and region. On the basis of installation, the market is categorized into on-shore and off-shore. On the basis of application, the market is categorized into horizontal axis wind power generator and vertical axis wind power generator. On the basis of end-use industry, it is divided into commercial and industrial, utility and power generation, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The report covers the strategies adopted by key players in the market to sustain the competitive environment and increase their market share. The global wind power generator market profiles leading players that include Siemens, GE, Vestas, Goldwind, Enercon, Samsung Electronics, United Power, Inc., Ming Yang, Senvion, and Nordex Group.

Other key players include, Mitsubishi Heavy Industries, Repower, Alstom, Sinovel Wind Group Co Ltd., and Orano. The global wind power generator market report provides in-depth competitive analysis as well as profiles of these major players. In addition, the market drivers, restraints, and opportunities are explained in the report.

Companies Mentioned

  • Vestas
  • Siemens
  • Goldwind
  • Samsung Electronics
  • ENERCON GmbH
  • Senvion
  • General Electric
  • United Power, Inc.
  • NORDEX SE
  • Ming Yang Smart Energy Group Limited

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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