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Wind Turbine Systems-Global Market Insights and Sales Trends 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 size is expected to reach US$ 15770 million by 2029, growing at a CAGR of 4.3% from 2023 to 2029. The market is mainly driven by the significant applications of Wind Turbine Systems in various end use industries. The expanding demands from the On-shore Turbine and Off-shore Turbine, are propelling Wind Turbine Systems market. Horizontal Axis, 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 Vertical Axis 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 Turbine 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 Turbine 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 Turbine Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Wind Turbine 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 Turbine Systems covered in this report include ABB, Siemens(Gamesa), GE Renewable Energy, SANY, Suzlon, AVANTIS Energy, Bora Energy, EWT and Goldwind Science & Technology, etc.
The global Wind Turbine 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
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
Global Wind Turbine 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 Turbine Systems market, Segment by Type:
Horizontal Axis
Vertical Axis
Global Wind Turbine Systems market, by Application
On-shore Turbine
Off-shore Turbine
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 Turbine 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
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 size is expected to reach US$ 15770 million by 2029, growing at a CAGR of 4.3% from 2023 to 2029. The market is mainly driven by the significant applications of Wind Turbine Systems in various end use industries. The expanding demands from the On-shore Turbine and Off-shore Turbine, are propelling Wind Turbine Systems market. Horizontal Axis, 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 Vertical Axis 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 Turbine 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 Turbine 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 Turbine Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Wind Turbine 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 Turbine Systems covered in this report include ABB, Siemens(Gamesa), GE Renewable Energy, SANY, Suzlon, AVANTIS Energy, Bora Energy, EWT and Goldwind Science & Technology, etc.
The global Wind Turbine 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
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
Global Wind Turbine 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 Turbine Systems market, Segment by Type:
Horizontal Axis
Vertical Axis
Global Wind Turbine Systems market, by Application
On-shore Turbine
Off-shore Turbine
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 Turbine 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 Turbine Systems
1.1 Wind Turbine Systems Market Overview
1.1.1 Wind Turbine Systems Product Scope
1.1.2 Wind Turbine Systems Market Status and Outlook
1.2 Global Wind Turbine Systems Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Wind Turbine Systems Market Size by Region (2018-2029)
1.4 Global Wind Turbine Systems Historic Market Size by Region (2018-2023)
1.5 Global Wind Turbine Systems Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Wind Turbine Systems Market Size (2018-2029)
1.6.1 North America Wind Turbine Systems Market Size (2018-2029)
1.6.2 Europe Wind Turbine Systems Market Size (2018-2029)
1.6.3 Asia-Pacific Wind Turbine Systems Market Size (2018-2029)
1.6.4 Latin America Wind Turbine Systems Market Size (2018-2029)
1.6.5 Middle East & Africa Wind Turbine Systems Market Size (2018-2029)
2 Wind Turbine Systems Market by Type
2.1 Introduction
2.1.1 Horizontal Axis
2.1.2 Vertical Axis
2.2 Global Wind Turbine Systems Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Wind Turbine Systems Historic Market Size by Type (2018-2023)
2.2.2 Global Wind Turbine Systems Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Wind Turbine Systems Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Wind Turbine Systems Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Wind Turbine Systems Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Wind Turbine Systems Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Wind Turbine Systems Revenue Breakdown by Type (2018-2029)
3 Wind Turbine Systems Market Overview by Application
3.1 Introduction
3.1.1 On-shore Turbine
3.1.2 Off-shore Turbine
3.2 Global Wind Turbine Systems Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Wind Turbine Systems Historic Market Size by Application (2018-2023)
3.2.2 Global Wind Turbine Systems Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Wind Turbine Systems Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Wind Turbine Systems Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Wind Turbine Systems Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Wind Turbine Systems Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Wind Turbine Systems Revenue Breakdown by Application (2018-2029)
4 Wind Turbine Systems Competition Analysis by Players
4.1 Global Wind Turbine 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 Turbine Systems as of 2022)
4.3 Date of Key Players Enter into Wind Turbine Systems Market
4.4 Global Top Players Wind Turbine Systems Headquarters and Area Served
4.5 Key Players Wind Turbine Systems Product Solution and Service
4.6 Competitive Status
4.6.1 Wind Turbine 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 Turbine Systems Products, Services and Solutions
5.1.4 ABB Wind Turbine Systems Revenue (US$ Million) & (2018-2023)
5.1.5 ABB Recent Developments
5.2 Siemens(Gamesa)
5.2.1 Siemens(Gamesa) Profile
5.2.2 Siemens(Gamesa) Main Business
5.2.3 Siemens(Gamesa) Wind Turbine Systems Products, Services and Solutions
5.2.4 Siemens(Gamesa) Wind Turbine Systems Revenue (US$ Million) & (2018-2023)
5.2.5 Siemens(Gamesa) Recent Developments
5.3 GE Renewable Energy
5.3.1 GE Renewable Energy Profile
5.3.2 GE Renewable Energy Main Business
5.3.3 GE Renewable Energy Wind Turbine Systems Products, Services and Solutions
5.3.4 GE Renewable Energy Wind Turbine Systems Revenue (US$ Million) & (2018-2023)
5.3.5 SANY Recent Developments
5.4 SANY
5.4.1 SANY Profile
5.4.2 SANY Main Business
5.4.3 SANY Wind Turbine Systems Products, Services and Solutions
5.4.4 SANY Wind Turbine Systems Revenue (US$ Million) & (2018-2023)
5.4.5 SANY Recent Developments
5.5 Suzlon
5.5.1 Suzlon Profile
5.5.2 Suzlon Main Business
5.5.3 Suzlon Wind Turbine Systems Products, Services and Solutions
5.5.4 Suzlon Wind Turbine Systems Revenue (US$ Million) & (2018-2023)
5.5.5 Suzlon Recent Developments
5.6 AVANTIS Energy
5.6.1 AVANTIS Energy Profile
5.6.2 AVANTIS Energy Main Business
5.6.3 AVANTIS Energy Wind Turbine Systems Products, Services and Solutions
5.6.4 AVANTIS Energy Wind Turbine Systems Revenue (US$ Million) & (2018-2023)
5.6.5 AVANTIS Energy Recent Developments
5.7 Bora Energy
5.7.1 Bora Energy Profile
5.7.2 Bora Energy Main Business
5.7.3 Bora Energy Wind Turbine Systems Products, Services and Solutions
5.7.4 Bora Energy Wind Turbine Systems Revenue (US$ Million) & (2018-2023)
5.7.5 Bora Energy Recent Developments
5.8 EWT
5.8.1 EWT Profile
5.8.2 EWT Main Business
5.8.3 EWT Wind Turbine Systems Products, Services and Solutions
5.8.4 EWT Wind Turbine Systems Revenue (US$ Million) & (2018-2023)
5.8.5 EWT Recent Developments
5.9 Goldwind Science & Technology
5.9.1 Goldwind Science & Technology Profile
5.9.2 Goldwind Science & Technology Main Business
5.9.3 Goldwind Science & Technology Wind Turbine Systems Products, Services and Solutions
5.9.4 Goldwind Science & Technology Wind Turbine Systems Revenue (US$ Million) & (2018-2023)
5.9.5 Goldwind Science & Technology Recent Developments
5.10 LEITNER
5.10.1 LEITNER Profile
5.10.2 LEITNER Main Business
5.10.3 LEITNER Wind Turbine Systems Products, Services and Solutions
5.10.4 LEITNER Wind Turbine Systems Revenue (US$ Million) & (2018-2023)
5.10.5 LEITNER Recent Developments
5.11 NORDEX
5.11.1 NORDEX Profile
5.11.2 NORDEX Main Business
5.11.3 NORDEX Wind Turbine Systems Products, Services and Solutions
5.11.4 NORDEX Wind Turbine Systems Revenue (US$ Million) & (2018-2023)
5.11.5 NORDEX Recent Developments
5.12 ReGen PowerTech
5.12.1 ReGen PowerTech Profile
5.12.2 ReGen PowerTech Main Business
5.12.3 ReGen PowerTech Wind Turbine Systems Products, Services and Solutions
5.12.4 ReGen PowerTech Wind Turbine Systems Revenue (US$ Million) & (2018-2023)
5.12.5 ReGen PowerTech Recent Developments
5.13 Siemens
5.13.1 Siemens Profile
5.13.2 Siemens Main Business
5.13.3 Siemens Wind Turbine Systems Products, Services and Solutions
5.13.4 Siemens Wind Turbine Systems Revenue (US$ Million) & (2018-2023)
5.13.5 Siemens Recent Developments
5.14 SWAY turbine
5.14.1 SWAY turbine Profile
5.14.2 SWAY turbine Main Business
5.14.3 SWAY turbine Wind Turbine Systems Products, Services and Solutions
5.14.4 SWAY turbine Wind Turbine Systems Revenue (US$ Million) & (2018-2023)
5.14.5 SWAY turbine Recent Developments
5.15 VENSYS Energy
5.15.1 VENSYS Energy Profile
5.15.2 VENSYS Energy Main Business
5.15.3 VENSYS Energy Wind Turbine Systems Products, Services and Solutions
5.15.4 VENSYS Energy Wind Turbine Systems Revenue (US$ Million) & (2018-2023)
5.15.5 VENSYS Energy Recent Developments
5.16 Vestas Wind Systems
5.16.1 Vestas Wind Systems Profile
5.16.2 Vestas Wind Systems Main Business
5.16.3 Vestas Wind Systems Wind Turbine Systems Products, Services and Solutions
5.16.4 Vestas Wind Systems Wind Turbine Systems Revenue (US$ Million) & (2018-2023)
5.16.5 Vestas Wind Systems Recent Developments
6 North America
6.1 North America Wind Turbine Systems Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Wind Turbine 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 Turbine 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 Turbine 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 Turbine 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 Turbine Systems Market Dynamics
11.1 Wind Turbine Systems Industry Trends
11.2 Wind Turbine Systems Market Drivers
11.3 Wind Turbine Systems Market Challenges
11.4 Wind Turbine 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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