by Precedence Research a new report on wind turbine market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future. The global wind turbine market size was valued at US$ 55.91 billion in 2021. The global wind turbine market is projected to reach US$ 102.4 billion by 2030, registering a compound annual growth rate (CAGR) of 6.34% during the forecast period from 2022 to 2030.
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The global wind turbine market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2030. The report offers a detailed analysis and information as per wind turbine, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
Wind Turbine Market Report Scope
| Report Coverage | Details |
| Market Size by 2030 | USD 102.4 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 6.34% |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Axis, Installation, Components, Application, Capacity, Connectivity, Rating, Region |
The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
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Some of the prominent players in the wind turbine market include:
- General Electric company.
- Vestas Wind Systems A/S
- Nordex SE.
- Suzlon Energy Limited.
- Siemens Gamesa renewable energy. SA
- CSIC.
- Shanghai Electric.
- Windey
Wind Turbine Market Segmentation
By Axis
- Vertical
- Horizontal
By Installation
- Offshore
- Onshore
By Components
- Rotator blade
- Generator
- Gearbox
- Nacelle
By Application
- Residential
- Utility
- Industrial
- Commercial
By Capacity
- Small
- Medium
- Large
By Connectivity
- Grid Connected
- Stand Alone
By Rating
- < 100 kW
- 100 kW to 250 kW
- > 250 kW to 500 kW
- > 500 kW to 1 MW
- 1 MW to 2 MW
- >2 MW
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Key Questions are
- What are the key factors influencing the wind turbine market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2022 and 2030?
- What would be the Y-o-Y growth trend of the global market between 2022 and 2030?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global wind turbine market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global wind turbine market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global wind turbine market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2030 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global wind turbine market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for wind turbine are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Wind Turbine Market, By Axis
7.1. Wind Turbine Market, by Axis, 2021-2030
7.1.1. Vertical
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Horizontal
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Wind Turbine Market, By Installation
8.1. Wind Turbine Market, by Installation, 2021-2030
8.1.1. Offshore
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Onshore
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Wind Turbine Market, By Components
9.1. Wind Turbine Market, by Components, 2021-2030
9.1.1. Rotator blade
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Generator
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Gearbox
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Nacelle
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Wind Turbine Market, By Application
10.1. Wind Turbine Market, by Application, 2021-2030
10.1.1. Residential
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Utility
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Industrial
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Commercial
10.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Wind Turbine Market, By Capacity
11.1. Wind Turbine Market, by Capacity, 2021-2030
11.1.1. Small
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Medium
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Large
11.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Wind Turbine Market, By Connectivity
12.1. Wind Turbine Market, by Connectivity, 2021-2030
12.1.1. Grid Connected
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Stand Alone
12.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Wind Turbine Market, By Rating
13.1. Wind Turbine Market, by Rating, 2021-2030
13.1.1. < 100 kW
13.1.1.1. Market Revenue and Forecast (2017-2030)
13.1.2. 100 kW to 250 kW
13.1.2.1. Market Revenue and Forecast (2017-2030)
13.1.3. > 250 kW to 500 kW
13.1.3.1. Market Revenue and Forecast (2017-2030)
13.1.4. > 500 kW to 1 MW
13.1.4.1. Market Revenue and Forecast (2017-2030)
13.1.5. 1 MW to 2 MW
13.1.5.1. Market Revenue and Forecast (2017-2030)
13.1.6. >2 MW
13.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 14. Global Wind Turbine Market, Regional Estimates and Trend Forecast
14.1. North America
14.1.1. Market Revenue and Forecast, by Axis (2017-2030)
14.1.2. Market Revenue and Forecast, by Installation (2017-2030)
14.1.3. Market Revenue and Forecast, by Components (2017-2030)
14.1.4. Market Revenue and Forecast, by Application (2017-2030)
14.1.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.1.6. Market Revenue and Forecast, by Rating (2017-2030)
14.1.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.1.8. U.S.
14.1.8.1. Market Revenue and Forecast, by Axis (2017-2030)
14.1.8.2. Market Revenue and Forecast, by Installation (2017-2030)
14.1.8.3. Market Revenue and Forecast, by Components (2017-2030)
14.1.8.4. Market Revenue and Forecast, by Application (2017-2030)
14.1.8.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.1.8.6. Market Revenue and Forecast, by Rating (2017-2030)
14.1.8.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.1.9. Rest of North America
14.1.9.1. Market Revenue and Forecast, by Axis (2017-2030)
14.1.9.2. Market Revenue and Forecast, by Installation (2017-2030)
14.1.9.3. Market Revenue and Forecast, by Components (2017-2030)
14.1.9.4. Market Revenue and Forecast, by Application (2017-2030)
14.1.9.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.1.9.6. Market Revenue and Forecast, by Rating (2017-2030)
14.1.9.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.2. Europe
14.2.1. Market Revenue and Forecast, by Axis (2017-2030)
14.2.2. Market Revenue and Forecast, by Installation (2017-2030)
14.2.3. Market Revenue and Forecast, by Components (2017-2030)
14.2.4. Market Revenue and Forecast, by Application (2017-2030)
14.2.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.2.6. Market Revenue and Forecast, by Rating (2017-2030)
14.2.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.2.8. UK
14.2.8.1. Market Revenue and Forecast, by Axis (2017-2030)
14.2.8.2. Market Revenue and Forecast, by Installation (2017-2030)
14.2.8.3. Market Revenue and Forecast, by Components (2017-2030)
14.2.8.4. Market Revenue and Forecast, by Application (2017-2030)
14.2.8.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.2.8.6. Market Revenue and Forecast, by Rating (2017-2030)
14.2.8.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.2.9. Germany
14.2.9.1. Market Revenue and Forecast, by Axis (2017-2030)
14.2.9.2. Market Revenue and Forecast, by Installation (2017-2030)
14.2.9.3. Market Revenue and Forecast, by Components (2017-2030)
14.2.9.4. Market Revenue and Forecast, by Application (2017-2030)
14.2.9.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.2.9.6. Market Revenue and Forecast, by Rating (2017-2030)
14.2.9.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.2.10. France
14.2.10.1. Market Revenue and Forecast, by Axis (2017-2030)
14.2.10.2. Market Revenue and Forecast, by Installation (2017-2030)
14.2.10.3. Market Revenue and Forecast, by Components (2017-2030)
14.2.10.4. Market Revenue and Forecast, by Application (2017-2030)
14.2.10.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.2.10.6. Market Revenue and Forecast, by Rating (2017-2030)
14.2.10.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.2.11. Rest of Europe
14.2.11.1. Market Revenue and Forecast, by Axis (2017-2030)
14.2.11.2. Market Revenue and Forecast, by Installation (2017-2030)
14.2.11.3. Market Revenue and Forecast, by Components (2017-2030)
14.2.11.4. Market Revenue and Forecast, by Application (2017-2030)
14.2.11.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.2.11.6. Market Revenue and Forecast, by Rating (2017-2030)
14.2.11.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.3. APAC
14.3.1. Market Revenue and Forecast, by Axis (2017-2030)
14.3.2. Market Revenue and Forecast, by Installation (2017-2030)
14.3.3. Market Revenue and Forecast, by Components (2017-2030)
14.3.4. Market Revenue and Forecast, by Application (2017-2030)
14.3.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.3.6. Market Revenue and Forecast, by Rating (2017-2030)
14.3.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.3.8. India
14.3.8.1. Market Revenue and Forecast, by Axis (2017-2030)
14.3.8.2. Market Revenue and Forecast, by Installation (2017-2030)
14.3.8.3. Market Revenue and Forecast, by Components (2017-2030)
14.3.8.4. Market Revenue and Forecast, by Application (2017-2030)
14.3.8.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.3.8.6. Market Revenue and Forecast, by Rating (2017-2030)
14.3.8.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.3.9. China
14.3.9.1. Market Revenue and Forecast, by Axis (2017-2030)
14.3.9.2. Market Revenue and Forecast, by Installation (2017-2030)
14.3.9.3. Market Revenue and Forecast, by Components (2017-2030)
14.3.9.4. Market Revenue and Forecast, by Application (2017-2030)
14.3.9.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.3.9.6. Market Revenue and Forecast, by Rating (2017-2030)
14.3.9.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.3.10. Japan
14.3.10.1. Market Revenue and Forecast, by Axis (2017-2030)
14.3.10.2. Market Revenue and Forecast, by Installation (2017-2030)
14.3.10.3. Market Revenue and Forecast, by Components (2017-2030)
14.3.10.4. Market Revenue and Forecast, by Application (2017-2030)
14.3.10.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.3.10.6. Market Revenue and Forecast, by Rating (2017-2030)
14.3.10.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.3.11. Rest of APAC
14.3.11.1. Market Revenue and Forecast, by Axis (2017-2030)
14.3.11.2. Market Revenue and Forecast, by Installation (2017-2030)
14.3.11.3. Market Revenue and Forecast, by Components (2017-2030)
14.3.11.4. Market Revenue and Forecast, by Application (2017-2030)
14.3.11.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.3.11.6. Market Revenue and Forecast, by Rating (2017-2030)
14.3.11.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.4. MEA
14.4.1. Market Revenue and Forecast, by Axis (2017-2030)
14.4.2. Market Revenue and Forecast, by Installation (2017-2030)
14.4.3. Market Revenue and Forecast, by Components (2017-2030)
14.4.4. Market Revenue and Forecast, by Application (2017-2030)
14.4.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.4.6. Market Revenue and Forecast, by Rating (2017-2030)
14.4.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.4.8. GCC
14.4.8.1. Market Revenue and Forecast, by Axis (2017-2030)
14.4.8.2. Market Revenue and Forecast, by Installation (2017-2030)
14.4.8.3. Market Revenue and Forecast, by Components (2017-2030)
14.4.8.4. Market Revenue and Forecast, by Application (2017-2030)
14.4.8.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.4.8.6. Market Revenue and Forecast, by Rating (2017-2030)
14.4.8.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.4.9. North Africa
14.4.9.1. Market Revenue and Forecast, by Axis (2017-2030)
14.4.9.2. Market Revenue and Forecast, by Installation (2017-2030)
14.4.9.3. Market Revenue and Forecast, by Components (2017-2030)
14.4.9.4. Market Revenue and Forecast, by Application (2017-2030)
14.4.9.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.4.9.6. Market Revenue and Forecast, by Rating (2017-2030)
14.4.9.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.4.10. South Africa
14.4.10.1. Market Revenue and Forecast, by Axis (2017-2030)
14.4.10.2. Market Revenue and Forecast, by Installation (2017-2030)
14.4.10.3. Market Revenue and Forecast, by Components (2017-2030)
14.4.10.4. Market Revenue and Forecast, by Application (2017-2030)
14.4.10.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.4.10.6. Market Revenue and Forecast, by Rating (2017-2030)
14.4.10.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.4.11. Rest of MEA
14.4.11.1. Market Revenue and Forecast, by Axis (2017-2030)
14.4.11.2. Market Revenue and Forecast, by Installation (2017-2030)
14.4.11.3. Market Revenue and Forecast, by Components (2017-2030)
14.4.11.4. Market Revenue and Forecast, by Application (2017-2030)
14.4.11.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.4.11.6. Market Revenue and Forecast, by Rating (2017-2030)
14.4.11.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.5. Latin America
14.5.1. Market Revenue and Forecast, by Axis (2017-2030)
14.5.2. Market Revenue and Forecast, by Installation (2017-2030)
14.5.3. Market Revenue and Forecast, by Components (2017-2030)
14.5.4. Market Revenue and Forecast, by Application (2017-2030)
14.5.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.5.6. Market Revenue and Forecast, by Rating (2017-2030)
14.5.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.5.8. Brazil
14.5.8.1. Market Revenue and Forecast, by Axis (2017-2030)
14.5.8.2. Market Revenue and Forecast, by Installation (2017-2030)
14.5.8.3. Market Revenue and Forecast, by Components (2017-2030)
14.5.8.4. Market Revenue and Forecast, by Application (2017-2030)
14.5.8.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.5.8.6. Market Revenue and Forecast, by Rating (2017-2030)
14.5.8.7. Market Revenue and Forecast, by Connectivity (2017-2030)
14.5.9. Rest of LATAM
14.5.9.1. Market Revenue and Forecast, by Axis (2017-2030)
14.5.9.2. Market Revenue and Forecast, by Installation (2017-2030)
14.5.9.3. Market Revenue and Forecast, by Components (2017-2030)
14.5.9.4. Market Revenue and Forecast, by Application (2017-2030)
14.5.9.5. Market Revenue and Forecast, by Capacity (2017-2030)
14.5.9.6. Market Revenue and Forecast, by Rating (2017-2030)
14.5.9.7. Market Revenue and Forecast, by Connectivity (2017-2030)
Chapter 15. Company Profiles
15.1. General Electric company.
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. Vestas Wind Systems A/S
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. Nordex SE.
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. Suzlon Energy Limited.
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. Siemens Gamesa renewable energy. SA
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. CSIC.
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
15.7. Shanghai Electric.
15.7.1. Company Overview
15.7.2. Product Offerings
15.7.3. Financial Performance
15.7.4. Recent Initiatives
15.8. Windey
15.8.1. Company Overview
15.8.2. Product Offerings
15.8.3. Financial Performance
15.8.4. Recent Initiatives
Chapter 16. Research Methodology
16.1. Primary Research
16.2. Secondary Research
16.3. Assumptions
Chapter 17. Appendix
17.1. About Us
17.2. Glossary of Terms
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