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Wind Power Systems-Global Market Insights and Sales Trends 2024
Synopsis
he global energy transition is one of the major trends being witnessed in the market. The power sector around the globe is undergoing a major transition as power generation from fossil fuels is slowly being replaced with renewable sources. The need to reduce the carbon footprint has resulted in many countries implementing renewable energy-specific targets and policies. In addition to policies, the rapidly decreasing cost of renewable technologies, particularly solar and wind, has led to a continuous increase in the production of energy from renewable sources.
The global Wind Power Systems market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Wind Power Systems in various end use industries. The expanding demands from the Utilities, Industrial, Commercial and Others, are propelling Wind Power Systems market. On-Grid, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Off-Grid segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Wind Power Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Wind Power Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Wind Power Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Wind Power Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Wind Power Systems covered in this report include ABB, AES Wind Generation, Alstom, American Electric Power, Cielo Wind Power, DeWind, Dongfang Electric, Enel Green Power and Enercon, etc.
The global Wind Power Systems market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
AES Wind Generation
Alstom
American Electric Power
Cielo Wind Power
DeWind
Dongfang Electric
Enel Green Power
Enercon
Siemens(Gamesa)
GE Energy
Goldwind Science & Technology
Green Mountain Energy
Hitachi
JFE Holdings
Mitsubishi Heavy
Navitas Energy
NextEra Energy Resources
Nordex Aktiengesellschaft
Pacific Hydro
Shell WindEnergy
Siemens
Suncor Energy
Suzlon Energy
Senvion
TransAlta Wind
Global Wind Power Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Wind Power Systems market, Segment by Type:
On-Grid
Off-Grid
Global Wind Power Systems market, by Application
Utilities
Industrial
Commercial
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Wind Power Systems companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
he global energy transition is one of the major trends being witnessed in the market. The power sector around the globe is undergoing a major transition as power generation from fossil fuels is slowly being replaced with renewable sources. The need to reduce the carbon footprint has resulted in many countries implementing renewable energy-specific targets and policies. In addition to policies, the rapidly decreasing cost of renewable technologies, particularly solar and wind, has led to a continuous increase in the production of energy from renewable sources.
The global Wind Power Systems market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Wind Power Systems in various end use industries. The expanding demands from the Utilities, Industrial, Commercial and Others, are propelling Wind Power Systems market. On-Grid, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Off-Grid segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Wind Power Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Wind Power Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Wind Power Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Wind Power Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Wind Power Systems covered in this report include ABB, AES Wind Generation, Alstom, American Electric Power, Cielo Wind Power, DeWind, Dongfang Electric, Enel Green Power and Enercon, etc.
The global Wind Power Systems market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
AES Wind Generation
Alstom
American Electric Power
Cielo Wind Power
DeWind
Dongfang Electric
Enel Green Power
Enercon
Siemens(Gamesa)
GE Energy
Goldwind Science & Technology
Green Mountain Energy
Hitachi
JFE Holdings
Mitsubishi Heavy
Navitas Energy
NextEra Energy Resources
Nordex Aktiengesellschaft
Pacific Hydro
Shell WindEnergy
Siemens
Suncor Energy
Suzlon Energy
Senvion
TransAlta Wind
Global Wind Power Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Wind Power Systems market, Segment by Type:
On-Grid
Off-Grid
Global Wind Power Systems market, by Application
Utilities
Industrial
Commercial
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Wind Power Systems companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Index1 Market Overview of Wind Power Systems
1.1 Wind Power Systems Market Overview
1.1.1 Wind Power Systems Product Scope
1.1.2 Wind Power Systems Market Status and Outlook
1.2 Global Wind Power Systems Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Wind Power Systems Market Size by Region (2018-2029)
1.4 Global Wind Power Systems Historic Market Size by Region (2018-2023)
1.5 Global Wind Power Systems Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Wind Power Systems Market Size (2018-2029)
1.6.1 North America Wind Power Systems Market Size (2018-2029)
1.6.2 Europe Wind Power Systems Market Size (2018-2029)
1.6.3 Asia-Pacific Wind Power Systems Market Size (2018-2029)
1.6.4 Latin America Wind Power Systems Market Size (2018-2029)
1.6.5 Middle East & Africa Wind Power Systems Market Size (2018-2029)
2 Wind Power Systems Market by Type
2.1 Introduction
2.1.1 On-Grid
2.1.2 Off-Grid
2.2 Global Wind Power Systems Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Wind Power Systems Historic Market Size by Type (2018-2023)
2.2.2 Global Wind Power Systems Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Wind Power Systems Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Wind Power Systems Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Wind Power Systems Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Wind Power Systems Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Wind Power Systems Revenue Breakdown by Type (2018-2029)
3 Wind Power Systems Market Overview by Application
3.1 Introduction
3.1.1 Utilities
3.1.2 Industrial
3.1.3 Commercial
3.1.4 Others
3.2 Global Wind Power Systems Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Wind Power Systems Historic Market Size by Application (2018-2023)
3.2.2 Global Wind Power Systems Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Wind Power Systems Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Wind Power Systems Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Wind Power Systems Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Wind Power Systems Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Wind Power Systems Revenue Breakdown by Application (2018-2029)
4 Wind Power Systems Competition Analysis by Players
4.1 Global Wind Power Systems Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Wind Power Systems as of 2022)
4.3 Date of Key Players Enter into Wind Power Systems Market
4.4 Global Top Players Wind Power Systems Headquarters and Area Served
4.5 Key Players Wind Power Systems Product Solution and Service
4.6 Competitive Status
4.6.1 Wind Power Systems Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 ABB
5.1.1 ABB Profile
5.1.2 ABB Main Business
5.1.3 ABB Wind Power Systems Products, Services and Solutions
5.1.4 ABB Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.1.5 ABB Recent Developments
5.2 AES Wind Generation
5.2.1 AES Wind Generation Profile
5.2.2 AES Wind Generation Main Business
5.2.3 AES Wind Generation Wind Power Systems Products, Services and Solutions
5.2.4 AES Wind Generation Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.2.5 AES Wind Generation Recent Developments
5.3 Alstom
5.3.1 Alstom Profile
5.3.2 Alstom Main Business
5.3.3 Alstom Wind Power Systems Products, Services and Solutions
5.3.4 Alstom Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.3.5 American Electric Power Recent Developments
5.4 American Electric Power
5.4.1 American Electric Power Profile
5.4.2 American Electric Power Main Business
5.4.3 American Electric Power Wind Power Systems Products, Services and Solutions
5.4.4 American Electric Power Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.4.5 American Electric Power Recent Developments
5.5 Cielo Wind Power
5.5.1 Cielo Wind Power Profile
5.5.2 Cielo Wind Power Main Business
5.5.3 Cielo Wind Power Wind Power Systems Products, Services and Solutions
5.5.4 Cielo Wind Power Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.5.5 Cielo Wind Power Recent Developments
5.6 DeWind
5.6.1 DeWind Profile
5.6.2 DeWind Main Business
5.6.3 DeWind Wind Power Systems Products, Services and Solutions
5.6.4 DeWind Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.6.5 DeWind Recent Developments
5.7 Dongfang Electric
5.7.1 Dongfang Electric Profile
5.7.2 Dongfang Electric Main Business
5.7.3 Dongfang Electric Wind Power Systems Products, Services and Solutions
5.7.4 Dongfang Electric Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.7.5 Dongfang Electric Recent Developments
5.8 Enel Green Power
5.8.1 Enel Green Power Profile
5.8.2 Enel Green Power Main Business
5.8.3 Enel Green Power Wind Power Systems Products, Services and Solutions
5.8.4 Enel Green Power Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.8.5 Enel Green Power Recent Developments
5.9 Enercon
5.9.1 Enercon Profile
5.9.2 Enercon Main Business
5.9.3 Enercon Wind Power Systems Products, Services and Solutions
5.9.4 Enercon Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.9.5 Enercon Recent Developments
5.10 Siemens(Gamesa)
5.10.1 Siemens(Gamesa) Profile
5.10.2 Siemens(Gamesa) Main Business
5.10.3 Siemens(Gamesa) Wind Power Systems Products, Services and Solutions
5.10.4 Siemens(Gamesa) Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.10.5 Siemens(Gamesa) Recent Developments
5.11 GE Energy
5.11.1 GE Energy Profile
5.11.2 GE Energy Main Business
5.11.3 GE Energy Wind Power Systems Products, Services and Solutions
5.11.4 GE Energy Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.11.5 GE Energy Recent Developments
5.12 Goldwind Science & Technology
5.12.1 Goldwind Science & Technology Profile
5.12.2 Goldwind Science & Technology Main Business
5.12.3 Goldwind Science & Technology Wind Power Systems Products, Services and Solutions
5.12.4 Goldwind Science & Technology Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.12.5 Goldwind Science & Technology Recent Developments
5.13 Green Mountain Energy
5.13.1 Green Mountain Energy Profile
5.13.2 Green Mountain Energy Main Business
5.13.3 Green Mountain Energy Wind Power Systems Products, Services and Solutions
5.13.4 Green Mountain Energy Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.13.5 Green Mountain Energy Recent Developments
5.14 Hitachi
5.14.1 Hitachi Profile
5.14.2 Hitachi Main Business
5.14.3 Hitachi Wind Power Systems Products, Services and Solutions
5.14.4 Hitachi Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.14.5 Hitachi Recent Developments
5.15 JFE Holdings
5.15.1 JFE Holdings Profile
5.15.2 JFE Holdings Main Business
5.15.3 JFE Holdings Wind Power Systems Products, Services and Solutions
5.15.4 JFE Holdings Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.15.5 JFE Holdings Recent Developments
5.16 Mitsubishi Heavy
5.16.1 Mitsubishi Heavy Profile
5.16.2 Mitsubishi Heavy Main Business
5.16.3 Mitsubishi Heavy Wind Power Systems Products, Services and Solutions
5.16.4 Mitsubishi Heavy Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.16.5 Mitsubishi Heavy Recent Developments
5.17 Navitas Energy
5.17.1 Navitas Energy Profile
5.17.2 Navitas Energy Main Business
5.17.3 Navitas Energy Wind Power Systems Products, Services and Solutions
5.17.4 Navitas Energy Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.17.5 Navitas Energy Recent Developments
5.18 NextEra Energy Resources
5.18.1 NextEra Energy Resources Profile
5.18.2 NextEra Energy Resources Main Business
5.18.3 NextEra Energy Resources Wind Power Systems Products, Services and Solutions
5.18.4 NextEra Energy Resources Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.18.5 NextEra Energy Resources Recent Developments
5.19 Nordex Aktiengesellschaft
5.19.1 Nordex Aktiengesellschaft Profile
5.19.2 Nordex Aktiengesellschaft Main Business
5.19.3 Nordex Aktiengesellschaft Wind Power Systems Products, Services and Solutions
5.19.4 Nordex Aktiengesellschaft Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.19.5 Nordex Aktiengesellschaft Recent Developments
5.20 Pacific Hydro
5.20.1 Pacific Hydro Profile
5.20.2 Pacific Hydro Main Business
5.20.3 Pacific Hydro Wind Power Systems Products, Services and Solutions
5.20.4 Pacific Hydro Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.20.5 Pacific Hydro Recent Developments
5.21 Shell WindEnergy
5.21.1 Shell WindEnergy Profile
5.21.2 Shell WindEnergy Main Business
5.21.3 Shell WindEnergy Wind Power Systems Products, Services and Solutions
5.21.4 Shell WindEnergy Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.21.5 Shell WindEnergy Recent Developments
5.22 Siemens
5.22.1 Siemens Profile
5.22.2 Siemens Main Business
5.22.3 Siemens Wind Power Systems Products, Services and Solutions
5.22.4 Siemens Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.22.5 Siemens Recent Developments
5.23 Suncor Energy
5.23.1 Suncor Energy Profile
5.23.2 Suncor Energy Main Business
5.23.3 Suncor Energy Wind Power Systems Products, Services and Solutions
5.23.4 Suncor Energy Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.23.5 Suncor Energy Recent Developments
5.24 Suzlon Energy
5.24.1 Suzlon Energy Profile
5.24.2 Suzlon Energy Main Business
5.24.3 Suzlon Energy Wind Power Systems Products, Services and Solutions
5.24.4 Suzlon Energy Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.24.5 Suzlon Energy Recent Developments
5.25 Senvion
5.25.1 Senvion Profile
5.25.2 Senvion Main Business
5.25.3 Senvion Wind Power Systems Products, Services and Solutions
5.25.4 Senvion Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.25.5 Senvion Recent Developments
5.26 TransAlta Wind
5.26.1 TransAlta Wind Profile
5.26.2 TransAlta Wind Main Business
5.26.3 TransAlta Wind Wind Power Systems Products, Services and Solutions
5.26.4 TransAlta Wind Wind Power Systems Revenue (US$ Million) & (2018-2023)
5.26.5 TransAlta Wind Recent Developments
6 North America
6.1 North America Wind Power Systems Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Wind Power Systems Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Wind Power Systems Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Wind Power Systems Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Wind Power Systems Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Wind Power Systems Market Dynamics
11.1 Wind Power Systems Industry Trends
11.2 Wind Power Systems Market Drivers
11.3 Wind Power Systems Market Challenges
11.4 Wind Power Systems Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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