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Global Wind Turbine Systems Market Research Report 2024
Synopsis
Wind turbine is a machine that revolves and converts kinetic energy from wind into electricity, which is then sent to the power grid.
The global Wind Turbine Systems market was valued at US$ 14670 million in 2023 and is anticipated to reach US$ 15770 million by 2030, witnessing a CAGR of 4.3% during the forecast period 2024-2030.
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
This report aims to provide a comprehensive presentation of the global market for Wind Turbine Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wind Turbine Systems.
Report Scope
The Wind Turbine Systems market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Wind Turbine Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Wind Turbine Systems companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
Siemens(Gamesa)
GE Renewable Energy
SANY
Suzlon
AVANTIS Energy
Bora Energy
EWT
Goldwind Science & Technology
LEITNER
NORDEX
ReGen PowerTech
Siemens
SWAY turbine
VENSYS Energy
Vestas Wind Systems
Segment by Type
Horizontal Axis
Vertical Axis
Segment by Application
On-shore Turbine
Off-shore Turbine
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Wind Turbine Systems companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Wind turbine is a machine that revolves and converts kinetic energy from wind into electricity, which is then sent to the power grid.
The global Wind Turbine Systems market was valued at US$ 14670 million in 2023 and is anticipated to reach US$ 15770 million by 2030, witnessing a CAGR of 4.3% during the forecast period 2024-2030.
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
This report aims to provide a comprehensive presentation of the global market for Wind Turbine Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wind Turbine Systems.
Report Scope
The Wind Turbine Systems market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Wind Turbine Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Wind Turbine Systems companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ABB
Siemens(Gamesa)
GE Renewable Energy
SANY
Suzlon
AVANTIS Energy
Bora Energy
EWT
Goldwind Science & Technology
LEITNER
NORDEX
ReGen PowerTech
Siemens
SWAY turbine
VENSYS Energy
Vestas Wind Systems
Segment by Type
Horizontal Axis
Vertical Axis
Segment by Application
On-shore Turbine
Off-shore Turbine
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Wind Turbine Systems companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Wind Turbine Systems Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Horizontal Axis
1.2.3 Vertical Axis
1.3 Market by Application
1.3.1 Global Wind Turbine Systems Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 On-shore Turbine
1.3.3 Off-shore Turbine
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Wind Turbine Systems Market Perspective (2019-2030)
2.2 Wind Turbine Systems Growth Trends by Region
2.2.1 Global Wind Turbine Systems Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Wind Turbine Systems Historic Market Size by Region (2019-2024)
2.2.3 Wind Turbine Systems Forecasted Market Size by Region (2025-2030)
2.3 Wind Turbine Systems Market Dynamics
2.3.1 Wind Turbine Systems Industry Trends
2.3.2 Wind Turbine Systems Market Drivers
2.3.3 Wind Turbine Systems Market Challenges
2.3.4 Wind Turbine Systems Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Wind Turbine Systems Players by Revenue
3.1.1 Global Top Wind Turbine Systems Players by Revenue (2019-2024)
3.1.2 Global Wind Turbine Systems Revenue Market Share by Players (2019-2024)
3.2 Global Wind Turbine Systems Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Wind Turbine Systems Revenue
3.4 Global Wind Turbine Systems Market Concentration Ratio
3.4.1 Global Wind Turbine Systems Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Wind Turbine Systems Revenue in 2023
3.5 Wind Turbine Systems Key Players Head office and Area Served
3.6 Key Players Wind Turbine Systems Product Solution and Service
3.7 Date of Enter into Wind Turbine Systems Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Wind Turbine Systems Breakdown Data by Type
4.1 Global Wind Turbine Systems Historic Market Size by Type (2019-2024)
4.2 Global Wind Turbine Systems Forecasted Market Size by Type (2025-2030)
5 Wind Turbine Systems Breakdown Data by Application
5.1 Global Wind Turbine Systems Historic Market Size by Application (2019-2024)
5.2 Global Wind Turbine Systems Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Wind Turbine Systems Market Size (2019-2030)
6.2 North America Wind Turbine Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Wind Turbine Systems Market Size by Country (2019-2024)
6.4 North America Wind Turbine Systems Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Wind Turbine Systems Market Size (2019-2030)
7.2 Europe Wind Turbine Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Wind Turbine Systems Market Size by Country (2019-2024)
7.4 Europe Wind Turbine Systems Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Wind Turbine Systems Market Size (2019-2030)
8.2 Asia-Pacific Wind Turbine Systems Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Wind Turbine Systems Market Size by Region (2019-2024)
8.4 Asia-Pacific Wind Turbine Systems Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Wind Turbine Systems Market Size (2019-2030)
9.2 Latin America Wind Turbine Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Wind Turbine Systems Market Size by Country (2019-2024)
9.4 Latin America Wind Turbine Systems Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Wind Turbine Systems Market Size (2019-2030)
10.2 Middle East & Africa Wind Turbine Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Wind Turbine Systems Market Size by Country (2019-2024)
10.4 Middle East & Africa Wind Turbine Systems Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ABB
11.1.1 ABB Company Detail
11.1.2 ABB Business Overview
11.1.3 ABB Wind Turbine Systems Introduction
11.1.4 ABB Revenue in Wind Turbine Systems Business (2019-2024)
11.1.5 ABB Recent Development
11.2 Siemens(Gamesa)
11.2.1 Siemens(Gamesa) Company Detail
11.2.2 Siemens(Gamesa) Business Overview
11.2.3 Siemens(Gamesa) Wind Turbine Systems Introduction
11.2.4 Siemens(Gamesa) Revenue in Wind Turbine Systems Business (2019-2024)
11.2.5 Siemens(Gamesa) Recent Development
11.3 GE Renewable Energy
11.3.1 GE Renewable Energy Company Detail
11.3.2 GE Renewable Energy Business Overview
11.3.3 GE Renewable Energy Wind Turbine Systems Introduction
11.3.4 GE Renewable Energy Revenue in Wind Turbine Systems Business (2019-2024)
11.3.5 GE Renewable Energy Recent Development
11.4 SANY
11.4.1 SANY Company Detail
11.4.2 SANY Business Overview
11.4.3 SANY Wind Turbine Systems Introduction
11.4.4 SANY Revenue in Wind Turbine Systems Business (2019-2024)
11.4.5 SANY Recent Development
11.5 Suzlon
11.5.1 Suzlon Company Detail
11.5.2 Suzlon Business Overview
11.5.3 Suzlon Wind Turbine Systems Introduction
11.5.4 Suzlon Revenue in Wind Turbine Systems Business (2019-2024)
11.5.5 Suzlon Recent Development
11.6 AVANTIS Energy
11.6.1 AVANTIS Energy Company Detail
11.6.2 AVANTIS Energy Business Overview
11.6.3 AVANTIS Energy Wind Turbine Systems Introduction
11.6.4 AVANTIS Energy Revenue in Wind Turbine Systems Business (2019-2024)
11.6.5 AVANTIS Energy Recent Development
11.7 Bora Energy
11.7.1 Bora Energy Company Detail
11.7.2 Bora Energy Business Overview
11.7.3 Bora Energy Wind Turbine Systems Introduction
11.7.4 Bora Energy Revenue in Wind Turbine Systems Business (2019-2024)
11.7.5 Bora Energy Recent Development
11.8 EWT
11.8.1 EWT Company Detail
11.8.2 EWT Business Overview
11.8.3 EWT Wind Turbine Systems Introduction
11.8.4 EWT Revenue in Wind Turbine Systems Business (2019-2024)
11.8.5 EWT Recent Development
11.9 Goldwind Science & Technology
11.9.1 Goldwind Science & Technology Company Detail
11.9.2 Goldwind Science & Technology Business Overview
11.9.3 Goldwind Science & Technology Wind Turbine Systems Introduction
11.9.4 Goldwind Science & Technology Revenue in Wind Turbine Systems Business (2019-2024)
11.9.5 Goldwind Science & Technology Recent Development
11.10 LEITNER
11.10.1 LEITNER Company Detail
11.10.2 LEITNER Business Overview
11.10.3 LEITNER Wind Turbine Systems Introduction
11.10.4 LEITNER Revenue in Wind Turbine Systems Business (2019-2024)
11.10.5 LEITNER Recent Development
11.11 NORDEX
11.11.1 NORDEX Company Detail
11.11.2 NORDEX Business Overview
11.11.3 NORDEX Wind Turbine Systems Introduction
11.11.4 NORDEX Revenue in Wind Turbine Systems Business (2019-2024)
11.11.5 NORDEX Recent Development
11.12 ReGen PowerTech
11.12.1 ReGen PowerTech Company Detail
11.12.2 ReGen PowerTech Business Overview
11.12.3 ReGen PowerTech Wind Turbine Systems Introduction
11.12.4 ReGen PowerTech Revenue in Wind Turbine Systems Business (2019-2024)
11.12.5 ReGen PowerTech Recent Development
11.13 Siemens
11.13.1 Siemens Company Detail
11.13.2 Siemens Business Overview
11.13.3 Siemens Wind Turbine Systems Introduction
11.13.4 Siemens Revenue in Wind Turbine Systems Business (2019-2024)
11.13.5 Siemens Recent Development
11.14 SWAY turbine
11.14.1 SWAY turbine Company Detail
11.14.2 SWAY turbine Business Overview
11.14.3 SWAY turbine Wind Turbine Systems Introduction
11.14.4 SWAY turbine Revenue in Wind Turbine Systems Business (2019-2024)
11.14.5 SWAY turbine Recent Development
11.15 VENSYS Energy
11.15.1 VENSYS Energy Company Detail
11.15.2 VENSYS Energy Business Overview
11.15.3 VENSYS Energy Wind Turbine Systems Introduction
11.15.4 VENSYS Energy Revenue in Wind Turbine Systems Business (2019-2024)
11.15.5 VENSYS Energy Recent Development
11.16 Vestas Wind Systems
11.16.1 Vestas Wind Systems Company Detail
11.16.2 Vestas Wind Systems Business Overview
11.16.3 Vestas Wind Systems Wind Turbine Systems Introduction
11.16.4 Vestas Wind Systems Revenue in Wind Turbine Systems Business (2019-2024)
11.16.5 Vestas Wind Systems Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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