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Wind Turbines-Global Market Insights and Sales Trends 2024
Synopsis
A Wind Turbines is an electrical device that converts wind energy into mechanical work, which drives the rotor to rotate and eventually output alternating current.
The global Wind Turbines market size is expected to reach US$ 113120 million by 2029, growing at a CAGR of 4.1% from 2023 to 2029. The market is mainly driven by the significant applications of Wind Turbines in various end use industries. The expanding demands from the Offshore Wind Power Generation and Onshore Wind Power Generation, are propelling Wind Turbines market. Asynchronous Wind Turbines, 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 Synchronous Wind Turbines 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 manufacturers, 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 Turbines, 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 Turbines 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 Turbines market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Wind Turbines 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 Turbines covered in this report include Enercon, Envision, Eveready Diversified Products, GE Wind Turbines, Goldwind, Leitwind, Mingyang, Nordex and Siemens Wind Power And Renewables, etc.
The global Wind Turbines market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Enercon
Envision
Eveready Diversified Products
GE Wind Turbines
Goldwind
Leitwind
Mingyang
Nordex
Siemens Wind Power And Renewables
Suzlon
United Power
Vestas
Global Wind Turbines 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 Turbines market, Segment by Type:
Asynchronous Wind Turbines
Synchronous Wind Turbines
Global Wind Turbines market, by Application
Offshore Wind Power Generation
Onshore Wind Power Generation
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Wind Turbines manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Wind Turbines in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A Wind Turbines is an electrical device that converts wind energy into mechanical work, which drives the rotor to rotate and eventually output alternating current.
The global Wind Turbines market size is expected to reach US$ 113120 million by 2029, growing at a CAGR of 4.1% from 2023 to 2029. The market is mainly driven by the significant applications of Wind Turbines in various end use industries. The expanding demands from the Offshore Wind Power Generation and Onshore Wind Power Generation, are propelling Wind Turbines market. Asynchronous Wind Turbines, 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 Synchronous Wind Turbines 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 manufacturers, 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 Turbines, 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 Turbines 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 Turbines market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Wind Turbines 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 Turbines covered in this report include Enercon, Envision, Eveready Diversified Products, GE Wind Turbines, Goldwind, Leitwind, Mingyang, Nordex and Siemens Wind Power And Renewables, etc.
The global Wind Turbines market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Enercon
Envision
Eveready Diversified Products
GE Wind Turbines
Goldwind
Leitwind
Mingyang
Nordex
Siemens Wind Power And Renewables
Suzlon
United Power
Vestas
Global Wind Turbines 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 Turbines market, Segment by Type:
Asynchronous Wind Turbines
Synchronous Wind Turbines
Global Wind Turbines market, by Application
Offshore Wind Power Generation
Onshore Wind Power Generation
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Wind Turbines manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Wind Turbines in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Wind Turbines Market Overview
1.1 Wind Turbines Product Overview
1.2 Wind Turbines Market Segment by Type
1.2.1 Asynchronous Wind Turbines
1.2.2 Synchronous Wind Turbines
1.3 Global Wind Turbines Market Size by Type
1.3.1 Global Wind Turbines Market Size Overview by Type (2018-2029)
1.3.2 Global Wind Turbines Historic Market Size Review by Type (2018-2023)
1.3.3 Global Wind Turbines Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Wind Turbines Sales Breakdown by Type (2018-2023)
1.4.2 Europe Wind Turbines Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Wind Turbines Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Wind Turbines Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Wind Turbines Sales Breakdown by Type (2018-2023)
2 Global Wind Turbines Market Competition by Company
2.1 Global Top Players by Wind Turbines Sales (2018-2023)
2.2 Global Top Players by Wind Turbines Revenue (2018-2023)
2.3 Global Top Players by Wind Turbines Price (2018-2023)
2.4 Global Top Manufacturers Wind Turbines Manufacturing Base Distribution, Sales Area, Product Type
2.5 Wind Turbines Market Competitive Situation and Trends
2.5.1 Wind Turbines Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Wind Turbines Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Wind Turbines as of 2022)
2.7 Date of Key Manufacturers Enter into Wind Turbines Market
2.8 Key Manufacturers Wind Turbines Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Wind Turbines Status and Outlook by Region
3.1 Global Wind Turbines Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Wind Turbines Historic Market Size by Region
3.2.1 Global Wind Turbines Sales in Volume by Region (2018-2023)
3.2.2 Global Wind Turbines Sales in Value by Region (2018-2023)
3.2.3 Global Wind Turbines Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Wind Turbines Forecasted Market Size by Region
3.3.1 Global Wind Turbines Sales in Volume by Region (2024-2029)
3.3.2 Global Wind Turbines Sales in Value by Region (2024-2029)
3.3.3 Global Wind Turbines Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Wind Turbines by Application
4.1 Wind Turbines Market Segment by Application
4.1.1 Offshore Wind Power Generation
4.1.2 Onshore Wind Power Generation
4.2 Global Wind Turbines Market Size by Application
4.2.1 Global Wind Turbines Market Size Overview by Application (2018-2029)
4.2.2 Global Wind Turbines Historic Market Size Review by Application (2018-2023)
4.2.3 Global Wind Turbines Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Wind Turbines Sales Breakdown by Application (2018-2023)
4.3.2 Europe Wind Turbines Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Wind Turbines Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Wind Turbines Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Wind Turbines Sales Breakdown by Application (2018-2023)
5 North America Wind Turbines by Country
5.1 North America Wind Turbines Historic Market Size by Country
5.1.1 North America Wind Turbines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Wind Turbines Sales in Volume by Country (2018-2023)
5.1.3 North America Wind Turbines Sales in Value by Country (2018-2023)
5.2 North America Wind Turbines Forecasted Market Size by Country
5.2.1 North America Wind Turbines Sales in Volume by Country (2024-2029)
5.2.2 North America Wind Turbines Sales in Value by Country (2024-2029)
6 Europe Wind Turbines by Country
6.1 Europe Wind Turbines Historic Market Size by Country
6.1.1 Europe Wind Turbines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Wind Turbines Sales in Volume by Country (2018-2023)
6.1.3 Europe Wind Turbines Sales in Value by Country (2018-2023)
6.2 Europe Wind Turbines Forecasted Market Size by Country
6.2.1 Europe Wind Turbines Sales in Volume by Country (2024-2029)
6.2.2 Europe Wind Turbines Sales in Value by Country (2024-2029)
7 Asia-Pacific Wind Turbines by Region
7.1 Asia-Pacific Wind Turbines Historic Market Size by Region
7.1.1 Asia-Pacific Wind Turbines Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Wind Turbines Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Wind Turbines Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Wind Turbines Forecasted Market Size by Region
7.2.1 Asia-Pacific Wind Turbines Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Wind Turbines Sales in Value by Region (2024-2029)
8 Latin America Wind Turbines by Country
8.1 Latin America Wind Turbines Historic Market Size by Country
8.1.1 Latin America Wind Turbines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Wind Turbines Sales in Volume by Country (2018-2023)
8.1.3 Latin America Wind Turbines Sales in Value by Country (2018-2023)
8.2 Latin America Wind Turbines Forecasted Market Size by Country
8.2.1 Latin America Wind Turbines Sales in Volume by Country (2024-2029)
8.2.2 Latin America Wind Turbines Sales in Value by Country (2024-2029)
9 Middle East and Africa Wind Turbines by Country
9.1 Middle East and Africa Wind Turbines Historic Market Size by Country
9.1.1 Middle East and Africa Wind Turbines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Wind Turbines Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Wind Turbines Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Wind Turbines Forecasted Market Size by Country
9.2.1 Middle East and Africa Wind Turbines Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Wind Turbines Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Enercon
10.1.1 Enercon Company Information
10.1.2 Enercon Introduction and Business Overview
10.1.3 Enercon Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Enercon Wind Turbines Products Offered
10.1.5 Enercon Recent Development
10.2 Envision
10.2.1 Envision Company Information
10.2.2 Envision Introduction and Business Overview
10.2.3 Envision Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Envision Wind Turbines Products Offered
10.2.5 Envision Recent Development
10.3 Eveready Diversified Products
10.3.1 Eveready Diversified Products Company Information
10.3.2 Eveready Diversified Products Introduction and Business Overview
10.3.3 Eveready Diversified Products Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Eveready Diversified Products Wind Turbines Products Offered
10.3.5 Eveready Diversified Products Recent Development
10.4 GE Wind Turbines
10.4.1 GE Wind Turbines Company Information
10.4.2 GE Wind Turbines Introduction and Business Overview
10.4.3 GE Wind Turbines Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.4.4 GE Wind Turbines Wind Turbines Products Offered
10.4.5 GE Wind Turbines Recent Development
10.5 Goldwind
10.5.1 Goldwind Company Information
10.5.2 Goldwind Introduction and Business Overview
10.5.3 Goldwind Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Goldwind Wind Turbines Products Offered
10.5.5 Goldwind Recent Development
10.6 Leitwind
10.6.1 Leitwind Company Information
10.6.2 Leitwind Introduction and Business Overview
10.6.3 Leitwind Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Leitwind Wind Turbines Products Offered
10.6.5 Leitwind Recent Development
10.7 Mingyang
10.7.1 Mingyang Company Information
10.7.2 Mingyang Introduction and Business Overview
10.7.3 Mingyang Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Mingyang Wind Turbines Products Offered
10.7.5 Mingyang Recent Development
10.8 Nordex
10.8.1 Nordex Company Information
10.8.2 Nordex Introduction and Business Overview
10.8.3 Nordex Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Nordex Wind Turbines Products Offered
10.8.5 Nordex Recent Development
10.9 Siemens Wind Power And Renewables
10.9.1 Siemens Wind Power And Renewables Company Information
10.9.2 Siemens Wind Power And Renewables Introduction and Business Overview
10.9.3 Siemens Wind Power And Renewables Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Siemens Wind Power And Renewables Wind Turbines Products Offered
10.9.5 Siemens Wind Power And Renewables Recent Development
10.10 Suzlon
10.10.1 Suzlon Company Information
10.10.2 Suzlon Introduction and Business Overview
10.10.3 Suzlon Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Suzlon Wind Turbines Products Offered
10.10.5 Suzlon Recent Development
10.11 United Power
10.11.1 United Power Company Information
10.11.2 United Power Introduction and Business Overview
10.11.3 United Power Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.11.4 United Power Wind Turbines Products Offered
10.11.5 United Power Recent Development
10.12 Vestas
10.12.1 Vestas Company Information
10.12.2 Vestas Introduction and Business Overview
10.12.3 Vestas Wind Turbines Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Vestas Wind Turbines Products Offered
10.12.5 Vestas Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Wind Turbines Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Wind Turbines Industrial Chain Analysis
11.4 Wind Turbines Market Dynamics
11.4.1 Wind Turbines Industry Trends
11.4.2 Wind Turbines Market Drivers
11.4.3 Wind Turbines Market Challenges
11.4.4 Wind Turbines Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Wind Turbines Distributors
12.3 Wind Turbines Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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