Global Wind Turbine Market
Machinery

Global Wind Turbine Market Outlook, Opportunities And Strategies – Includes Wind Turbine Market Size

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The global wind turbine market is expected to grow from $66.85 billion in 2021 to $71.93 billion in 2022 at a compound annual growth rate (CAGR) of 7.6%. The global wind turbine market size is expected to grow to $97.48 billion in 2026 at a CAGR of 7.9%.

 

Increasing demand for renewable energy sources is contributing to the growth of the wind turbine market.

 

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The wind turbine market consists of sales of wind turbines by entities (organizations, sole traders, and partnerships) that refer to a power generating device that has been driven by the kinetic energy of the wind. A wind turbine will turn 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 will decrease. Wind turbines consist of two categories: horizontal axis wind turbines and vertical axis wind turbines.

 

Global wind turbine market segments include:
By Component: Rotator Blade, Gearbox, Generator, Nacelle, Others

By Axis Type: Horizontal, Vertical

By Location of Deployment: Onshore, Offshore

By Connectivity Type: Grid Connected, Stand Alone

By Application: Industrial, Commercial, Residential, Utility

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global wind turbine market in 2021

 

Technological enhancements are shaping the wind turbine market. The technology on the offshore direct drive platform allows for the re-use of most components from previous generations.

 

TBRC’s wind turbine market report covers:

Major Market Players: Enercon GmbH, Gamesa, General Electric, Goldwind, Guodian United Power Technology Company Ltd, Ming Yang, Sinovel Wind Group Co Ltd, Suzlon Energy Ltd, Vestas Wind Systems A/S, Nordex SE, Senvion, Northern Power Systems, Clipper, Bergey, Impsa, Hitachi Ltd, Vergnet, Xinjiang Goldwind Science And Technology Co Ltd, Eaton Corporation PLC, Windey Co Ltd, Dongfang Electric Corporation, Bilfinger Offshore Wind Energy, ZF Wind Power Antwerpen, Leitwind, Wobben, and LM Windpower.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

 

The Wind Turbine Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides wind turbine market overviews, analyzes and forecasts market size, share, wind turbine market players, wind turbine market segments and geographies, leading competitor revenues, profiles and market shares.

 

TBRC’s wind turbine market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

 

Here Is A List Of Similar Reports From The Business Research Company:

Steam Turbine Global Market Report 2022

Engine, Turbine, And Power Transmission Equipment Global Market Report 2022

Power Generation Global Market Report 2022

 

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