Wind Power Market – Industry Analysis and Forecast (2022-2029)

Wind Power Market was valued at US$ 61.63 GW in 2021 and is expected to reach US$ 91.06 GW by 2029, at a CAGR 5% from 2022-2029. Wind Power is a procedure by which wind is utilized to create power. Wind energy utilizes air stream through engines to generate a clean derivation of power around the world. Wind energy transforms the kinetic power into automatic energy through engines. A wind engine turns power in the wind into power utilizing the flowing energy generated by the rotor blades of the alternator. Wind Power MarketTo know about the Research Methodology :- Request Free Sample Report

Wind Power Market Dynamics

The aerodynamic pressure revolves to generate power. The need for wind energy market has enlarged because of the increase in pollution amount in an environment and health matters among people. Wind energy is normally utilized in wind forces, wind accumulator chargers, wind power creators, etc. One of the major factors operating the development of the all inclusive wind energy market is the depletion of crude oil reservoirs. As per to the power statistics report issued by Government of India, the fossil fuel oil depository in India was 621.28 Bn ton and 605.10 Bn ton in the years 2021 and 2029 separately. In addition, the all inclusive wind energy market is estimated to develop at an excessive rate because of the rising perception for wind power origins in America. For example, as per to the BP statistical analysis evaluation of world power report issued in 2021, in south and central America, the air current energy creation enlarged with a development rate of 17.4%.Increasing floating wind automation inventors would pose as an chance for the worldwide wind energy market. This would assist to predict weather circumstances, lightning cautioning, and tidal details. On the other hand, the engines might source noise and decorative pollutions that would restrict the market development. Onshore wind energy appeared as one of the highest evaluated sustainable power sources; globally .The increasing onshore implemented wind energy capacity is expected to observe an incorporation of 8.33% in 2021 as differentiated to the earlier year’s capacity. On the other hand, the offshore zone has been obtaining energy in the all inclusive wind energy and is estimated to observe the quickest development in the coming year.

Wind Power Market Segment Analysis

Wind Power Market is divided into by Location (Onshore and offshore), by Application (Utility and Non Utility), and by Region (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America).The implemented capacity from the offshore zone constituted a 26% rise in increasing implemented capacity as differentiated to the earlier year. Europe records for higher than 80% of the all inclusive increasing offshore wind implemented capacity, by the finish of 2021.The offshore wind energy market is influenced by the U.K, China, and Germany. The U.K constituted nearly half of Europe’s total capacity in 2021 and the offshore wind companies in the nation is set to coupled, after the nations division for business, Power, and Industrial plan declared long term government assistance for the nations offshore wind power industry. Wind Power MarketHowever the centre of concentration has been the extreme success in the offshore zone in Europe previously, China’s offshore companies is eventually is obtaining power. In 2021, the nations had implemented 1,162 MW of modern wind energy capacity, which were dispersed around 18 offshore wind turbines ,and nine of them (969 MW) were in Jiangsu region, which projects to be the important focus of offshore wind growth. India is also concentrating on offshore growths .In June 2021, India called for proclamation of interest for the first offshore wind energy activities in the nations that is being structured in the Gulf of Khambat, off the seashore of Gujarat region.

Wind Power Market Regional Analysis

On the basis of region Wind Power Market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is estimated to be the dominant region in the wind power market. North America is the most developed and aggressive zone in the wind energy market. In 2021, the America zone added 11.10 GW of wind energy capacity, guide by the U.S, Mexico, and Brazil. In 2021, the United States observes 7,411 MW rise in its implemented wind power capacity; recording 8.32% rise over increased volume in 2021.The development is allocated to the current and final addition of the Production contribution credit in the U.S. Besides, the rules responsibilities in California and the industry constricted in utilizing to the current and final additions in California and the manufacturing dependence in utilizing lower benefit steps of the manufacturing tax credit in the U.S. Besides, the strategy dedication in California and the production confidence in utilizing lower standards steps of the manufacturing tax credit accounts a moderate improvement in the United States onshore zone. In 2021, Mexico implemented around 1 GW of brand-new wind turbines capability, which is one of the quickest capacities in Mexico, was 4.9 GW. The scenery for sustainable power sources enhanced remarkably, following its 2014 power improvements, which are basically concentrating on liberalizing the power market. Further, the nation has a destination to create 35% of its energy capacity through sustainable before 2029.

Wind Power Market Key Development

Vestas and General Electric are constantly innovating new technologies to enhance the wind power market in the forthcoming year. The objective of the report is to present a comprehensive analysis of the Wind Power Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global market dynamics, structure by analyzing the market segments and projects the global market size. Clear representation of competitive analysis of key players By Location, price, financial position, Product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide

Scope of Wind Power Market: Inquire before buying

Global Wind Power Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 61.63 GW.
Forecast Period 2022 to 2029 CAGR: 5% Market Size in 2029: US $ 91.06 GW.
Segments Covered: by Location • Onshore • Offshore
by Application • Utility • Non Utility

Wind Power Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Wind Power Market Key Players

Vestas • General Electric • Senvion SA • Wind World Limited • Orient Green Power Company Ltd. • Indowind • DNV GL • Siemens Gamesa Renewable Energy SA • Golwind • Bergey Wind Power • Duke Energy Corporation • Orsted A/S • Acciona Energia SA • NextEra Energy, Inc. • Suzlon Group Frequently Asked Questions: 1. Which region has the largest share in Global Wind Power Market? Ans: North America region holds the highest share in 2021. 2. What is the growth rate of Global Wind Power Market? Ans: The Global Wind Power Market is growing at a CAGR of 5% during forecasting period 2022-2029. 3. What segments are covered in Global Wind Power market? Ans: Global Wind Power Market is segmented into location, application and region. 4. Who are the key players in Global Wind Power market? Ans: The important key players in the Global Wind Power Market are – Vestas, General Electric, Senvion SA, Wind World Limited, Orient Green Power Company Ltd., Indowind, DNV GL, Siemens Gamesa Renewable Energy SA, Golwind, Bergey Wind Power, Duke Energy Corporation, Orsted A/S, Acciona Energia SA, NextEra Energy, Inc., Suzlon Group 5. What is the study period of this market? Ans: The Global Wind Power Market is studied from 2021 to 2029.
Wind Power Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Wind Power Market 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Wind Power Market Analysis and Forecast 6.1. Wind Power Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Wind Power Market Analysis and Forecast, By Location 7.1. Introduction and Definition 7.2. Key Findings 7.3. Wind Power Market Value Share Analysis, By Location 7.4. Wind Power Market Size (US$ Bn) Forecast, By Location 7.5. Wind Power Market Analysis, By Location 7.6. Wind Power Market Attractiveness Analysis, By Location 8. Wind Power Market Analysis and Forecast, By Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Wind Power Market Value Share Analysis, By Application 8.4. Wind Power Market Size (US$ Bn) Forecast, By Application 8.5. Wind Power Market Analysis, By Application 8.6. Wind Power Market Attractiveness Analysis, By Application 9. Wind Power Market Analysis, by Region 9.1. Wind Power Market Value Share Analysis, by Region 9.2. Wind Power Market Size (US$ Bn) Forecast, by Region 9.3. Wind Power Market Attractiveness Analysis, by Region 10. North America Wind Power Market Analysis 10.1. Key Findings 10.2. North America Wind Power Market Overview 10.3. North America Wind Power Market Value Share Analysis, By Location 10.4. North America Wind Power Market Forecast, By Location 10.4.1. Onshore 10.4.2. Offshore 10.5. North America Wind Power Market Value Share Analysis, By Application 10.6. North America Wind Power Market Forecast, By Application 10.6.1. Utility 10.6.2. Non Utility 10.7. North America Wind Power Market Value Share Analysis, by Country 10.8. North America Wind Power Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Wind Power Market Analysis, by Country 10.10. U.S. Wind Power Market Forecast, By Location 10.10.1. Onshore 10.10.2. Offshore 10.11. U.S. Wind Power Market Forecast, By Application 10.11.1. Utility 10.11.2. Non Utility 10.12. Canada Wind Power Market Forecast, By Location 10.12.1. Onshore 10.12.2. Offshore 10.13. Canada Wind Power Market Forecast, By Application 10.13.1. Utility 10.13.2. Non Utility 10.14. North America Wind Power Market Attractiveness Analysis 10.14.1. By Location 10.14.2. By Application 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Wind Power Market Analysis 11.1. Key Findings 11.2. Europe Wind Power Market Overview 11.3. Europe Wind Power Market Value Share Analysis, By Location 11.4. Europe Wind Power Market Forecast, By Location 11.4.1. Onshore 11.4.2. Offshore 11.5. Europe Wind Power Market Value Share Analysis, By Application 11.6. Europe Wind Power Market Forecast, By Application 11.6.1. Utility 11.6.2. Non Utility 11.7. Europe Wind Power Market Value Share Analysis, by Country 11.8. Europe Wind Power Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Russia 11.8.7. Norway 11.8.8. Rest of Europe 11.9. Europe Wind Power Market Analysis, by Country 11.10. Germany Wind Power Market Forecast, By Location 11.10.1. Onshore 11.10.2. Offshore 11.11. Germany Wind Power Market Forecast, By Application 11.11.1. Utility 11.11.2. Non Utility 11.12. U.K. Wind Power Market Forecast, By Location 11.12.1. Onshore 11.12.2. Offshore 11.13. U.K. Wind Power Market Forecast, By Application 11.13.1. Utility 11.13.2. Non Utility 11.14. France Wind Power Market Forecast, By Location 11.14.1. Onshore 11.14.2. Offshore 11.15. France Wind Power Market Forecast, By Application 11.15.1. Utility 11.15.2. Non Utility 11.16. Italy Wind Power Market Forecast, By Location 11.16.1. Onshore 11.16.2. Offshore 11.17. Italy Wind Power Market Forecast, By Application 11.17.1. Utility 11.17.2. Non Utility 11.18. Spain Wind Power Market Forecast, By Location 11.18.1. Onshore 11.18.2. Offshore 11.19. Spain Wind Power Market Forecast, By Application 11.19.1. Utility 11.19.2. Non Utility 11.20. Russia Wind Power Market Forecast, By Location 11.20.1. Onshore 11.20.2. Offshore 11.21. Russia Wind Power Market Forecast, By Application 11.21.1. Utility 11.21.2. Non Utility 11.22. Norway Wind Power Market Forecast, By Location 11.22.1. Onshore 11.22.2. Offshore 11.23. Norway Wind Power Market Forecast, By Application 11.23.1. Utility 11.23.2. Non Utility 11.24. Rest of Europe Wind Power Market Forecast, By Location 11.24.1. Onshore 11.24.2. Offshore 11.25. Rest of Europe Wind Power Market Forecast, By Application 11.25.1. Utility 11.25.2. Non Utility 11.26. Europe Wind Power Market Attractiveness Analysis 11.26.1. By Location 11.26.2. By Application 11.27. PEST Analysis 11.28. Key Trends 11.29. Key Developments 12. Asia Pacific Wind Power Market Analysis 12.1. Key Findings 12.2. Asia Pacific Wind Power Market Overview 12.3. Asia Pacific Wind Power Market Value Share Analysis, By Location 12.4. Asia Pacific Wind Power Market Forecast, By Location 12.4.1. Onshore 12.4.2. Offshore 12.5. Asia Pacific Wind Power Market Value Share Analysis, By Application 12.6. Asia Pacific Wind Power Market Forecast, By Application 12.6.1. Utility 12.6.2. Non Utility 12.7. Asia Pacific Wind Power Market Value Share Analysis, by Country 12.8. Asia Pacific Wind Power Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. South Korea 12.8.5. Australia 12.8.6. Indonesia 12.8.7. Malaysia 12.8.8. Vietnam 12.8.9. Rest of Asia Pacific 12.9. Asia Pacific Wind Power Market Analysis, by Country 12.10. China Wind Power Market Forecast, By Location 12.10.1. Onshore 12.10.2. Offshore 12.11. China Wind Power Market Forecast, By Application 12.11.1. Utility 12.11.2. Non Utility 12.12. India Wind Power Market Forecast, By Location 12.12.1. Onshore 12.12.2. Offshore 12.13. India Wind Power Market Forecast, By Application 12.13.1. Utility 12.13.2. Non Utility 12.14. Japan Wind Power Market Forecast, By Location 12.14.1. Onshore 12.14.2. Offshore 12.15. Japan Wind Power Market Forecast, By Application 12.15.1. Utility 12.15.2. Non Utility 12.16. South Korea Wind Power Market Forecast, By Location 12.16.1. Onshore 12.16.2. Offshore 12.17. South Korea Wind Power Market Forecast, By Application 12.17.1. Utility 12.17.2. Non Utility 12.18. Australia Wind Power Market Forecast, By Location 12.18.1. Onshore 12.18.2. Offshore 12.19. Australia Wind Power Market Forecast, By Application 12.19.1. Utility 12.19.2. Non Utility 12.20. Indonesia Wind Power Market Forecast, By Location 12.20.1. Onshore 12.20.2. Offshore 12.21. Indonesia Wind Power Market Forecast, By Application 12.21.1. Utility 12.21.2. Non Utility 12.22. Malaysia Wind Power Market Forecast, By Location 12.22.1. Onshore 12.22.2. Offshore 12.23. Malaysia Wind Power Market Forecast, By Application 12.23.1. Utility 12.23.2. Non Utility 12.24. Vietnam Wind Power Market Forecast, By Location 12.24.1. Onshore 12.24.2. Offshore 12.25. Vietnam Wind Power Market Forecast, By Application 12.25.1. Utility 12.25.2. Non Utility 12.26. Rest of Asia Pacific Wind Power Market Forecast, By Location 12.26.1. Onshore 12.26.2. Offshore 12.27. Rest of Asia Pacific Wind Power Market Forecast, By Application 12.27.1. Utility 12.27.2. Non Utility 12.28. Asia Pacific Wind Power Market Attractiveness Analysis 12.28.1. By Location 12.28.2. By Application 12.29. PEST Analysis 12.30. Key Trends 12.31. Key Developments 13. Middle East & Africa Wind Power Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Wind Power Market Overview 13.3. Middle East & Africa Wind Power Market Value Share Analysis, By Location 13.4. Middle East & Africa Wind Power Market Forecast, By Location 13.4.1. Onshore 13.4.2. Offshore 13.5. Middle East & Africa Wind Power Market Value Share Analysis, By Application 13.6. Middle East & Africa Wind Power Market Forecast, By Application 13.6.1. Utility 13.6.2. Non Utility 13.7. Middle East & Africa Wind Power Market Value Share Analysis, by Country 13.8. Middle East & Africa Wind Power Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Wind Power Market Analysis, by Country 13.10. GCC Wind Power Market Forecast, By Location 13.10.1. Onshore 13.10.2. Offshore 13.11. GCC Wind Power Market Forecast, By Application 13.11.1. Utility 13.11.2. Non Utility 13.12. South Africa Wind Power Market Forecast, By Location 13.12.1. Onshore 13.12.2. Offshore 13.13. South Africa Wind Power Market Forecast, By Application 13.13.1. Utility 13.13.2. Non Utility 13.14. Rest of Middle East & Africa Wind Power Market Forecast, By Location 13.14.1. Onshore 13.14.2. Offshore 13.15. Rest of Middle East & Africa Wind Power Market Forecast, By Application 13.15.1. Utility 13.15.2. Non Utility 13.16. Middle East & Africa Wind Power Market Attractiveness Analysis 13.16.1. By Location 13.16.2. By Application 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America Wind Power Market Analysis 14.1. Key Findings 14.2. South America Wind Power Market Overview 14.3. South America Wind Power Market Value Share Analysis, By Location 14.4. South America Wind Power Market Forecast, By Location 14.4.1. Onshore 14.4.2. Offshore 14.5. South America Wind Power Market Value Share Analysis, By Application 14.6. South America Wind Power Market Forecast, By Application 14.6.1. Utility 14.6.2. Non Utility 14.7. South America Wind Power Market Value Share Analysis, By Application 14.8. South America Wind Power Market Value Share Analysis, by Country 14.9. South America Wind Power Market Forecast, by Country 14.9.1. Brazil 14.9.2. Mexico 14.9.3. Argentina 14.9.4. Rest of South America 14.10. South America Wind Power Market Analysis, by Country 14.11. Brazil Wind Power Market Forecast, By Location 14.11.1. Onshore 14.11.2. Offshore 14.12. Brazil Wind Power Market Forecast, By Application 14.12.1. Utility 14.12.2. Non Utility 14.13. Mexico Wind Power Market Forecast, By Location 14.13.1. Onshore 14.13.2. Offshore 14.14. Mexico Wind Power Market Forecast, By Application 14.14.1. Utility 14.14.2. Non Utility 14.15. Argentina Wind Power Market Forecast, By Location 14.15.1. Onshore 14.15.2. Offshore 14.16. Argentina Wind Power Market Forecast, By Application 14.16.1. Utility 14.16.2. Non Utility 14.17. Rest of South America Wind Power Market Forecast, By Location 14.17.1. Onshore 14.17.2. Offshore 14.18. Rest of South America Wind Power Market Forecast, By Application 14.18.1. Utility 14.18.2. Non Utility 14.19. South America Wind Power Market Attractiveness Analysis 14.19.1. By Location 14.19.2. By Application 14.20. PEST Analysis 14.21. Key Trends 14.22. Key Developments 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. Vestas 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Development Footprint 15.3.2. General Electric 15.3.3. Senvion SA 15.3.4. Wind World Limited 15.3.5. Orient Green Power Company Ltd. 15.3.6. Indowind 15.3.7. DNV GL 15.3.8. Siemens Gamesa Renewable Energy SA 15.3.9. Goldwind 15.3.10. Bergey Wind Power 15.3.11. Duke Energy Corporation 15.3.12. Orsted A/S 15.3.13. Acciona Energia SA 15.3.14. NextEra Energy, Inc. 15.3.15. Suzlon Group Primary Key Insights

About This Report

Report ID 75691
Category Energy & Power
Published Date Sep 2022
Updated Date
Contact Us