Global Wind Turbine Market: Industry Analysis and Forecast (2021-2027) by Type of Wind Farm, Application, and Region

Global Wind Turbine Market size was valued at US$ 109.98 Bn in 2020 and the total revenue is expected to grow at 7.9 % through 2021 to 2027, reaching nearly US$ 187.27 Bn.

Global Wind Turbine Market Overview:

Kinetic energy is converted to electrical power by wind turbines. Wind energy is a renewable source of electricity that is widely regarded as the cleanest accessible. This energy has become one of the most cost-effective and productive renewable energy sources in past years. The utilisation of wind turbines is boosted by features including zero carbon emissions, power supply variability, and a quick designing and building time for wind power generation. Global Wind Turbine MarketTo know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region.

Global Wind Turbine Market Dynamics:

Rising investment toward effective R&D of wind-based power technologies along with increasing acceptance of large capacity projects are expected to fuel the growth in the Global wind turbine market. Expanding industrial contention has rendered significant decrease in the prices of rotor modules in line with effective effectiveness & volume manufacturing driving the growth in the Global wind turbine market. An ever-increasing need for renewable power in the aftermath of high levels of air pollution everywhere and the resulting health problems among the general population are the key reasons pushing wind power market position. The growing focus on lowering humanity's carbon footprint is encouraging big actors to invest in technologies that can quickly and efficiently exploit the huge wind power potential and minimise, if not eliminate, our reliance on non-renewable energy sources. However, heavy investment for the production and installation of wind turbines are hampers the growth of the market. Also, inefficiency in the supply chain is estimated to hinder industry demand over the forecast period.

COVID-19 Impact:

The efficient utilization of carbon-based non-renewable electricity generation is a major factor that has and will continue to influence the wind power market. As the world's focus changes to lowering carbon emissions, demand for green and sustainable energy is increasing, as is demand for energy from renewable sources. However, in the victims of the COVID-19 epidemic, the world economy has been hit by an unprecedented crisis, and the wind power market has suffered immensely. The major global shutdown has resulted in a severe scarcity of experienced workers needed to operate wind farms. This, combined with a scarcity of natural resources, has restrained the growth of the wind power business.

Global Wind Turbine Market Segment Analysis:

The global Wind Turbine Market is segmented by Type of Wind Farm, Construction and Application. Based on Type of Wind Farm, the global Wind Turbine market is segmented into Onshore and Offshore. The Offshore segment held the largest market share of xx% in 2020. Positive supervisory inclination coupled with long term incorporation targets will drive the global industry subtleties. Advanced efficiency and cost effectiveness are some of the important parameters which will accompaniment the industry dynamics. Enhanced operating activity figures when compared to its complements will further improve the technological demand. Global Wind Turbine Market by Type

Global Wind Turbine Market Regional Insights:

Asia Pacific dominate the global Wind Turbine market during the forecast period 2021-2027. Asia Pacific held the largest market share 58%in 2020. India is the most rewarding country in the wind turbine market. Because of addition of wind energy connection capacity along with growth in investment in wind energy and onshore wind energy projects. Furthermore, Europe is estimated to witness the highest growth rate owing to the upsurge in wind installation capacity which is more than any other form of power generation in Europe. Growth in investment for construction of new wind farms, project achievements, and refinancing operations are anticipated to boost the European wind turbine market. North America held the 2nd largest market share of 62% in 2020. This economic growth is being fueled by an increase in domestic system output, which is estimated to continue on an upward trend throughout the forecast period. Global Wind Turbine Market by Regional The objective of the report is to present a comprehensive analysis of the global Wind Turbine Market to the stakeholders in the industry. The past and current status of the industry with the 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 include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have 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 reports also helps in understanding the global Wind Turbine Market dynamic, structure by analyzing the market segments and project the global Wind Turbine Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Wind Turbine Market make the report investor’s guide.

Global Wind Turbine Market Scope: Inquire before buying

Global Wind Turbine Market by Scope

Global Wind Turbine Market, by Region

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

Global Wind Turbine Market Key Players

• Suzlon • Nordex Acciona • Senvion • Goldwind • MHI-Vestas • United Power • Vestas • Enercon • General Electric • Siemens • Gamesa • Envision Energy • Wobben • Mingyang • WEG SA • Clipper • Impsa • LM Windpower • Bergey • Northern Power Systems • Enessere • Xinjiang Goldwind Science & Technology Co. Ltd. • Acciona

Frequently Asked Questions:

1] What segments are covered in Wind Turbine Market report? Ans. The segments covered in Wind Turbine Market report are based on Type of Wind Farm and Application. 2] Which region is expected to hold the highest share in the global Wind Turbine Market? Ans. Asia Pacific is expected to hold the highest share in the global Wind Turbine Market. 3] What is the market size of global Wind Turbine Market by 2027? Ans. The market size of global Wind Turbine Market by 2027 is US $ 187.27 Bn. 4] Who are the top key players in the global Wind Turbine Market? Ans. Suzlon, Nordex Acciona, Senvion, Goldwind, MHI-Vestas and United Power are the top key players in the global Wind Turbine Market. 5] What was the market size of global Wind Turbine Market in 2020? Ans. The market size of global Wind Turbine Market in 2020 was US $ 109.98 Bn. 6] By Type of Wind Farm, What segments are covered in global Wind Turbine Market report? Ans. The segments covered in global Wind Turbine Market report by type of wind farm are Onshore and Offshore.

Global Wind Turbine 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: Global Wind Turbine Market Size, by Market Value (US$ Bn) and Market Volume (Units) 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 4.8.Key Trend in Global Wind Turbine Market 5. Supply Side and Demand Side Indicators 6. Global Wind Turbine Market Analysis and Forecast 6.1. Global Wind Turbine 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. Global Wind Turbine Market Analysis and Forecast, by Type of Wind Farm 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Wind Turbine Market Value Share Analysis, by Type of Wind Farm 7.4. Global Wind Turbine Market Size (US$ Bn) Forecast, by Type of Wind Farm 7.5. Global Wind Turbine Market Analysis, by Type of Wind Farm 7.6. Global Wind Turbine Market Attractiveness Analysis, by Type of Wind Farm 8. Global Wind Turbine Market Analysis and Forecast, by Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Wind Turbine Market Value Share Analysis, by Application 8.4. Global Wind Turbine Market Size (US$ Bn) Forecast, by Application 8.5. Global Wind Turbine Market Analysis, by Application 8.6. Global Wind Turbine Market Attractiveness Analysis, by Application 9. Global Wind Turbine Market Analysis, by Region 9.1. Global Wind Turbine Market Value Share Analysis, by Region 9.2. Global Wind Turbine Market Size (US$ Bn) Forecast, by Region 9.3. Global Wind Turbine Market Attractiveness Analysis, by Region 10. North America Wind Turbine Market Analysis 10.1. Key Findings 10.2. North America Wind Turbine Market Overview 10.3. North America Wind Turbine Market Value Share Analysis, by Type of Wind Farm 10.4. North America Wind Turbine Market Forecast, by Type of Wind Farm 10.4.1. Onshore 10.4.2. Offshore 10.5. North America Wind Turbine Market Value Share Analysis, by Application 10.6. North America Wind Turbine Market Forecast, by Application 10.6.1. Industrial 10.6.1.1. Power generation 10.6.1.2. Telecommunication 10.6.1.3. Agriculture 10.6.2. Commercial 10.6.3. Residential 10.7. North America Wind Turbine Market Value Share Analysis, by Country 10.8. North America Wind Turbine Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Wind Turbine Market Analysis, by Country 10.10. U.S. Wind Turbine Market Forecast, by Type of Wind Farm 10.10.1. Onshore 10.10.2. Offshore 10.11. U.S. Wind Turbine Market Forecast, by Application 10.11.1. Industrial 10.11.1.1. Power generation 10.11.1.2. Telecommunication 10.11.1.3. Agriculture 10.11.2. Commercial 10.11.3. Residential 10.12. Canada Wind Turbine Market Forecast, by Type of Wind Farm 10.12.1. Onshore 10.12.2. Offshore 10.13. Canada Wind Turbine Market Forecast, by Application 10.13.1. Industrial 10.13.1.1. Power generation 10.13.1.2. Telecommunication 10.13.1.3. Agriculture 10.13.2. Commercial 10.13.3. Residential 10.14. North America Wind Turbine Market Attractiveness Analysis 10.14.1. By Type of Wind Farm 10.14.2. By Application 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Wind Turbine Market Analysis 11.1. Key Findings 11.2. Europe Wind Turbine Market Overview 11.3. Europe Wind Turbine Market Value Share Analysis, by Type of Wind Farm 11.4. Europe Wind Turbine Market Forecast, by Type of Wind Farm 11.4.1. Onshore 11.4.2. Offshore 11.5. Europe Wind Turbine Market Value Share Analysis, by Application 11.6. Europe Wind Turbine Market Forecast, by Application 11.6.1. Industrial 11.6.1.1. Power generation 11.6.1.2. Telecommunication 11.6.1.3. Agriculture 11.6.2. Commercial 11.6.3. Residential 11.7. Europe Wind Turbine Market Value Share Analysis, by Country 11.8. Europe Wind Turbine 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. Rest of Europe 11.9. Europe Wind Turbine Market Analysis, by Country 11.10. Germany Wind Turbine Market Forecast, by Type of Wind Farm 11.10.1. Onshore 11.10.2. Offshore 11.11. Germany Wind Turbine Market Forecast, by Application 11.11.1. Industrial 11.11.1.1. Power generation 11.11.1.2. Telecommunication 11.11.1.3. Agriculture 11.11.2. Commercial 11.11.3. Residential 11.12. U.K. Wind Turbine Market Forecast, by Type of Wind Farm 11.12.1. Onshore 11.12.2. Offshore 11.13. U.K. Wind Turbine Market Forecast, by Application 11.13.1. Industrial 11.13.1.1. Power generation 11.13.1.2. Telecommunication 11.13.1.3. Agriculture 11.13.2. Commercial 11.13.3. Residential 11.14. France Wind Turbine Market Forecast, by Type of Wind Farm 11.14.1. Onshore 11.14.2. Offshore 11.15. France Wind Turbine Market Forecast, by Application 11.15.1. Industrial 11.15.1.1. Power generation 11.15.1.2. Telecommunication 11.15.1.3. Agriculture 11.15.2. Commercial 11.15.3. Residential 11.16. Italy Wind Turbine Market Forecast, by Type of Wind Farm 11.16.1. Onshore 11.16.2. Offshore 11.17. Italy Wind Turbine Market Forecast, by Application 11.17.1. Industrial 11.17.1.1. Power generation 11.17.1.2. Telecommunication 11.17.1.3. Agriculture 11.17.2. Commercial 11.17.3. Residential 11.18. Spain Wind Turbine Market Forecast, by Type of Wind Farm 11.18.1. Onshore 11.18.2. Offshore 11.19. Spain Wind Turbine Market Forecast, by Application 11.19.1. Industrial 11.19.1.1. Power generation 11.19.1.2. Telecommunication 11.19.1.3. Agriculture 11.19.2. Commercial 11.19.3. Residential 11.20. Rest of Europe Wind Turbine Market Forecast, by Type of Wind Farm 11.20.1. Onshore 11.20.2. Offshore 11.21. Rest of Europe Wind Turbine Market Forecast, by Application 11.21.1. Industrial 11.21.1.1. Power generation 11.21.1.2. Telecommunication 11.21.1.3. Agriculture 11.21.2. Commercial 11.21.3. Residential 11.22. Europe Wind Turbine Market Attractiveness Analysis 11.22.1. By Type of Wind Farm 11.22.2. By Application 11.23. PEST Analysis 11.24. Key Trends 11.25. Key Developments 12. Asia Pacific Wind Turbine Market Analysis 12.1. Key Findings 12.2. Asia Pacific Wind Turbine Market Overview 12.3. Asia Pacific Wind Turbine Market Value Share Analysis, by Type of Wind Farm 12.4. Asia Pacific Wind Turbine Market Forecast, by Type of Wind Farm 12.4.1. Onshore 12.4.2. Offshore 12.5. Asia Pacific Wind Turbine Market Value Share Analysis, by Application 12.6. Asia Pacific Wind Turbine Market Forecast, by Application 12.6.1. Industrial 12.6.1.1. Power generation 12.6.1.2. Telecommunication 12.6.1.3. Agriculture 12.6.2. Commercial 12.6.3. Residential 12.7. Asia Pacific Wind Turbine Market Value Share Analysis, by Country 12.8. Asia Pacific Wind Turbine Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Wind Turbine Market Analysis, by Country 12.10. China Wind Turbine Market Forecast, by Type of Wind Farm 12.10.1. Onshore 12.10.2. Offshore 12.11. China Wind Turbine Market Forecast, by Application 12.11.1. Industrial 12.11.1.1. Power generation 12.11.1.2. Telecommunication 12.11.1.3. Agriculture 12.11.2. Commercial 12.11.3. Residential 12.12. India Wind Turbine Market Forecast, by Type of Wind Farm 12.12.1. Onshore 12.12.2. Offshore 12.13. India Wind Turbine Market Forecast, by Application 12.13.1. Industrial 12.13.1.1. Power generation 12.13.1.2. Telecommunication 12.13.1.3. Agriculture 12.13.2. Commercial 12.13.3. Residential 12.14. Japan Wind Turbine Market Forecast, by Type of Wind Farm 12.14.1. Onshore 12.14.2. Offshore 12.15. Japan Wind Turbine Market Forecast, by Application 12.15.1. Industrial 12.15.1.1. Power generation 12.15.1.2. Telecommunication 12.15.1.3. Agriculture 12.15.2. Commercial 12.15.3. Residential 12.16. ASEAN Wind Turbine Market Forecast, by Type of Wind Farm 12.16.1. Onshore 12.16.2. Offshore 12.17. ASEAN Wind Turbine Market Forecast, by Application 12.17.1. Industrial 12.17.1.1. Power generation 12.17.1.2. Telecommunication 12.17.1.3. Agriculture 12.17.2. Commercial 12.17.3. Residential 12.18. Rest of Asia Pacific Wind Turbine Market Forecast, by Type of Wind Farm 12.18.1. Onshore 12.18.2. Offshore 12.19. Rest of Asia Pacific Wind Turbine Market Forecast, by Application 12.19.1. Industrial 12.19.1.1. Power generation 12.19.1.2. Telecommunication 12.19.1.3. Agriculture 12.19.2. Commercial 12.19.3. Residential 12.20. Asia Pacific Wind Turbine Market Attractiveness Analysis 12.20.1. By Type of Wind Farm 12.20.2. By Application 12.21. PEST Analysis 12.22. Key Trends 12.23. Key Developments 13. Middle East & Africa Wind Turbine Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Wind Turbine Market Overview 13.3. Middle East & Africa Wind Turbine Market Value Share Analysis, by Type of Wind Farm 13.4. Middle East & Africa Wind Turbine Market Forecast, by Type of Wind Farm 13.4.1. Onshore 13.4.2. Offshore 13.5. Middle East & Africa Wind Turbine Market Value Share Analysis, by Application 13.6. Middle East & Africa Wind Turbine Market Forecast, by Application 13.6.1. Industrial 13.6.1.1. Power generation 13.6.1.2. Telecommunication 13.6.1.3. Agriculture 13.6.2. Commercial 13.6.3. Residential 13.7. Middle East & Africa Wind Turbine Market Value Share Analysis, by Country 13.8. Middle East & Africa Wind Turbine 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 Turbine Market Analysis, by Country 13.10. GCC Wind Turbine Market Forecast, by Type of Wind Farm 13.10.1. Onshore 13.10.2. Offshore 13.11. GCC Wind Turbine Market Forecast, by Application 13.11.1. Industrial 13.11.1.1. Power generation 13.11.1.2. Telecommunication 13.11.1.3. Agriculture 13.11.2. Commercial 13.11.3. Residential 13.12. South Africa Wind Turbine Market Forecast, by Type of Wind Farm 13.12.1. Onshore 13.12.2. Offshore 13.13. South Africa Wind Turbine Market Forecast, by Application 13.13.1. Industrial 13.13.1.1. Power generation 13.13.1.2. Telecommunication 13.13.1.3. Agriculture 13.13.2. Commercial 13.13.3. Residential 13.14. Rest of Middle East & Africa Wind Turbine Market Forecast, by Type of Wind Farm 13.14.1. Onshore 13.14.2. Offshore 13.15. Rest of Middle East & Africa Wind Turbine Market Forecast, by Application 13.15.1. Industrial 13.15.1.1. Power generation 13.15.1.2. Telecommunication 13.15.1.3. Agriculture 13.15.2. Commercial 13.15.3. Residential 13.16. Middle East & Africa Wind Turbine Market Attractiveness Analysis 13.16.1. By Type of Wind Farm 13.16.2. By Application 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America Wind Turbine Market Analysis 14.1. Key Findings 14.2. South America Wind Turbine Market Overview 14.3. South America Wind Turbine Market Value Share Analysis, by Type of Wind Farm 14.4. South America Wind Turbine Market Forecast, by Type of Wind Farm 14.4.1. Onshore 14.4.2. Offshore 14.5. South America Wind Turbine Market Value Share Analysis, by Application 14.6. South America Wind Turbine Market Forecast, by Application 14.6.1. Industrial 14.6.1.1. Power generation 14.6.1.2. Telecommunication 14.6.1.3. Agriculture 14.6.2. Commercial 14.6.3. Residential 14.7. South America Wind Turbine Market Value Share Analysis, by Country 14.8. South America Wind Turbine Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. South America Wind Turbine Market Analysis, by Country 14.10. Brazil Wind Turbine Market Forecast, by Type of Wind Farm 14.10.1. Onshore 14.10.2. Offshore 14.11. Brazil Wind Turbine Market Forecast, by Application 14.11.1. Industrial 14.11.1.1. Power generation 14.11.1.2. Telecommunication 14.11.1.3. Agriculture 14.11.2. Commercial 14.11.3. Residential 14.12. Mexico Wind Turbine Market Forecast, by Type of Wind Farm 14.12.1. Onshore 14.12.2. Offshore 14.13. Mexico Wind Turbine Market Forecast, by Application 14.13.1. Industrial 14.13.1.1. Power generation 14.13.1.2. Telecommunication 14.13.1.3. Agriculture 14.13.2. Commercial 14.13.3. Residential 14.14. Rest of South America Wind Turbine Market Forecast, by Type of Wind Farm 14.14.1. Onshore 14.14.2. Offshore 14.15. Rest of South America Wind Turbine Market Forecast, by Application 14.15.1. Industrial 14.15.1.1. Power generation 14.15.1.2. Telecommunication 14.15.1.3. Agriculture 14.15.2. Commercial 14.15.3. Residential 14.16. South America Wind Turbine Market Attractiveness Analysis 14.16.1. By Type of Wind Farm 14.16.2. By Application 14.17. PEST Analysis 14.18. Key Trends 14.19. 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. Suzlon 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. Manufacturing 15.3.2. Nordex Acciona 15.3.3. Senvion 15.3.4. Goldwind 15.3.5. MHI-Vestas 15.3.6. United Power 15.3.7. Vestas 15.3.8. Enercon 15.3.9. General Electric 15.3.10. Siemens 15.3.11. Gamesa 15.3.12. Envision Energy 15.3.13. Wobben 15.3.14. Mingyang 15.3.15. WEG SA 15.3.16. Clipper 15.3.17. Impsa 15.3.18. LM Windpower 15.3.19. Bergey 15.3.20. Northern Power Systems 15.3.21. Enessere 15.3.22. Xinjiang Goldwind Science & Technology Co. Ltd. 15.3.23. Acciona 16. Primary Key Insights

About This Report

Report ID20756
Category Energy & Power
Published Datesep 2019
Updated DateOct 2021
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