The research offers a detailed analysis on changing market dynamics, key investment pockets, major segments, and market competition. The global wind turbine market generated $89.78 billion in 2018, and is expected to reach $156.60 billion by 2026, growing at a CAGR of 9.2% from 2019 to 2026.
Faster consumption of natural energy resources, technological advancement for the development of more efficient, reliable, and cost-effective wind turbines, and various initiative by the government to discover alternative sources of energy drive the growth of the market. However, high cost of investment for the manufacturing and installation of wind turbines restrain the growth of the market. Conversely, decrease in wind energy prices owing to the technological developments and short lead time for the planning and construction of wind power projects create new opportunities for growth of the market.
The report analyzes and forecasts the wind turbine market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global wind turbine market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the wind turbine market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of wind turbine market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
Competitive Landscape is the most valuable part of this report
The key players profiled in the report are Vestas Wind Systems A/S, Sinovel, Goldwind, Siemens, General Electric, Suzlon Energy Ltd., Enercon GmbH, Ming yang, Gamesa, and Guodian United Power Technology Company Ltd.
The other major players (not profiled in report) in the market include Acciona S.A., Nordex SE, Dewind Co., Clipper Windpower Plc., Bergey Windpower Co., Nordic Windpower Ltd., and Senvion S.A.
Key financial developments of a particular company and product & company overview are some of the elements that help in acquiring information about top vendors in the market. This particular section has also included a SWOT analysis of the companies featured in the report. This will help the audience in knowing about opportunities, strengths, threats and weaknesses that are facing by the key vendors in the chemical and material industry across the world. As the competitive landscape is the most valuable part of any report, it consists of all the required information for the detailed study of top players functioning in the industries. It is also an interesting part to find how exactly these key manufacturers implement various strategies to secure the top rank in the industry. Such an in-depth information is useful for the new entrants into the industry as they would be able to learn a bit from these key vendors. Similarly, the information provided in the research report will also be valuable for the renowned key players as well, as they come to know the strategies of their counterparts to sustain in the competitive industry.
Segmentation:
By Type of Wind Farm
By Application
By Geography
Report coverage
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
Section 1. INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model
Section 2. EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES
Section 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets
3.2.2. Top winning strategies
3.3. MARKET SHARE ANALYSIS, 2016 (%)
3.4. PATENT ANALYSIS
3.4.1. Patent publication by year
3.4.2. Patent publication by company
3.4.3. Patent publication by region
3.5. PORTER’S FIVE FORCES ANALYSIS
3.6. MARKET DYNAMICS
3.6.1. Drivers
3.6.1.1. Technological advancement for the development of more reliable and efficient wind turbines
3.6.1.2. Depleting natural energy resources
3.6.1.3. Government initiative to explore alternative sources of energy
3.6.2. Restraints
3.6.2.1. Heavy investment for the manufacturing and installation of wind turbines
3.6.3. Opportunities
3.6.3.1. Decrease in wind energy prices owing to the technological development
3.6.3.2. Short lead time for the planning and construction of wind power projects
Section 4. GLOBAL WIND TURBINE MARKET, BY TYPE OF WIND FARM
4.1. INTRODUCTION
4.1.1. Market Size and Forecast
4.2. ONSHORE
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast
4.3. OFFSHORE
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast
Section 5. GLOBAL WIND TURBINE MARKET, BY APPLICATION
5.1. INTRODUCTION
5.1.1. Market Size and Forecast
5.2. INDUSTRIAL
5.2.1. Power generation
5.2.2. Telecommunication
5.2.3. Agriculture
5.2.4. Key Market Trends, Growth Factors and Opportunities
5.2.5. Market Size and Forecast
5.3. COMMERCIAL
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast
5.4. RESIDENTIAL
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast
Section 6. GLOBAL WIND TURBINE MARKET, BY GEOGRAPHY
6.1. INTRODUCTION
6.1.1. Market Size and Forecast
6.2. NORTH AMERICA
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast
6.2.3. U.S.
6.2.3.1. Market size and forecast by wind farm
6.2.4. Canada
6.2.4.1. Market size and forecast by wind farm
6.2.5. Mexico
6.2.5.1. Market size and forecast by wind farm
6.3. EUROPE
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast
6.3.3. Germany
6.3.3.1. Market size and forecast by wind farm
6.3.4. Spain
6.3.4.1. Market size and forecast by wind farm
6.3.5. UK
6.3.5.1. Market size and forecast by wind farm
6.3.6. France
6.3.6.1. Market size and forecast by wind farm
6.3.7. Italy
6.3.7.1. Market size and forecast by wind farm
6.3.8. Rest of Europe
6.3.8.1. Market size and forecast by wind farm
6.4. ASIA-PACIFIC
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast
6.4.3. China
6.4.3.1. Market size and forecast by wind farm
6.4.4. India
6.4.4.1. Market size and forecast by wind farm
6.4.5. Japan
6.4.5.1. Market size and forecast by wind farm
6.4.6. South Korea
6.4.6.1. Market size and forecast by wind farm
6.4.7. Australia
6.4.7.1. Market size and forecast by wind farm
6.4.8. Rest of Asia-Pacific
6.4.8.1. Market size and forecast by wind farm
6.5. LAMEA
6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast
6.5.3. Brazil
6.5.3.1. Market size and forecast by application
6.5.4. South Africa
6.5.4.1. Market size and forecast by application
6.5.5. Chile
6.5.5.1. Market size and forecast by application
6.5.6. Argentina
6.5.6.1. Market size and forecast by application
6.5.7. Rest of LAMEA
6.5.7.1. Market size and forecast by application
Section 7. COMPANY PROFILES
7.1. VESTAS WIND SYSTEMS A/S
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Business Performance
7.1.5. Key Strategic Moves and Developments
7.2. SINOVEL WIND GROUP CO. LTD.
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.2.4. Business Performance
7.2.5. Key Strategic Moves and Developments
7.3. GOLDWIND
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.3.4. Business Performance
7.3.5. Key Strategic Moves and Developments
7.4. SIEMENS
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Business Performance
7.4.5. Key Strategic Moves and Developments
7.5. GENERAL ELECTRIC
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Business Segments
7.5.4. Business Performance
7.5.5. Key Strategic Moves and Developments
7.6. SUZLON ENERGY LTD.
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Operating Business Segments
7.6.4. Business Performance
7.6.5. Key Strategic Moves and Developments
7.7. ENERCON GMBH
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Operating Business Segments
7.7.4. Business Performance
7.7.5. Key Strategic Moves and Developments
7.8. MING YANG
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.8.4. Business Performance
7.8.5. Key Strategic Moves and Developments
7.9. GAMESA
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Operating Business Segments
7.9.4. Business Performance
7.9.5. Key Strategic Moves and Developments
7.10. GUODIAN UNITED POWER TECHNOLOGY COMPANY LTD.
7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Operating Business Segments
7.10.4. Business Performance
7.10.5. Key Strategic Moves and Developments
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers