Press release
Wind Turbine Market Analysis Focusing on Top Key Players – General Electric, Gamesa, Vestas, Senvion, Enercon, Siemens, Goldwind, Nordex Acciona, MHI-Vestas, Suzlon, United Power, Envision Energy, Mingyang
Wind Turbine Market, Global Wind Turbine Market Size, Wind Turbine Industry, Wind Turbine Market Trends
Wind Turbine Market share will exceed USD 70 billion by 2024. Rising energy demand from private wind farm projects and utility aided sustainable establishments has positively influenced the industrial regime, across the globe. The major concern for industrial participants and utilities is to maintain a balance between the demand and supply of these units which in turn has intensified investments toward the improvement of renewable power generation technologies.
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Europe wind turbine market is anticipated to witness an annual installation of over 20 GW by 2024. Low carbon emission, cost efficiency when compared to non-renewable energy sources and sustainable generation tariffs are few key parameters influencing the adoption of these technologies. Europe, in 2017, installed 16.8 GW additional wind power capacity, with 12,484 MW from onshore and 3,154 MW from offshore deployments.
Capability to produce electricity in volatile weather conditions along with low maintenance costs and ease in operational activities are some of the important features restructuring the horizontal axis unit deployment. Furthermore, effective feasibility in residential applications with lower capacity rating observed by encouraging consumer outlook will enhance the vertical axis wind turbine market share.
Technological integration of distributed generation in existing energy applications will boost the > 2 MW product penetration. Cost competitiveness, low emissions, improved efficiency favored by improved technological proximity are few key parameters enhancing the acceptance of these units. In addition, the present development in technologies including flexibility of un-recuperated and recuperated systems and enhanced efficiency will further propel the wind turbine market.
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The stand-alone product portfolio is predicted to grow pertaining to economic feasibility and ease in operations in distant areas when compared to the on-grid power networks. Various government incentives and programs including rural electrification along with growing acceptance of microgrid electrical networks will further complement the business outlook. Lesser installation costs coupled with governmental reforms & schemes including FiT and net metering will stimulate the on-grid wind turbine market share. Swift expansion of utility-based electricity infrastructure to cater the rising electricity demand from residential & industrial areas will further strengthen the industry landscape.
Offshore deployments are predicted to surpass USD 16 Billion by 2024. Long term integration targets along with positive regulatory inclination will drive the global wind turbine market dynamics. Cost effectivity and higher operational efficiency are some of the imperative parameters which will positively influence the industry growth. Improved plant performance statistics in comparison to the available counterparts will further sway the technological demand.
Notable industry players operating across the global wind turbine market includes General Electric, Gamesa, Vestas, Senvion, Enercon, Siemens, Goldwind, Nordex Acciona, MHI-Vestas, Suzlon, United Power, Envision Energy, Mingyang, WEG SA, Wobben, Clipper, LM Windpower, Bergey, Impsa, Enessere and Northern Power Systems.
Table of Contents
Chapter 3. Wind Turbine Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024 (USD Million)
3.3. Industry ecosystem analysis
3.3.1. Vendor Matrix
3.4. Innovation & technology landscape
3.5. Regulatory landscape
3.6. Electricity markets and ownership structures (2017)
3.6.1. U.S.
3.6.2. China
3.6.3. Europe
3.6.4. India
3.7. Global energy investment scenario (2017)
3.8. Global trends in renewable energy investment 2017 (USD Billion)
3.9. New renewable energy investment, by economy
3.9.1. China, India & Brazil
3.9.2. Other developing
3.9.3. Developed
3.10. Major upcoming offshore project landscape, 2017 to 2024
3.11. Renewable power generation and capacity as a share of global power, 2007 - 17 (%)
3.12. Major companies in the NEX index, by market capitalization (USD Billion)
3.13. LCOE trend, 2009 to 2017 (USD/MWh)
3.13.1. Onshore wind
3.13.2. Offshore wind
3.13.3. Biomass incineration
3.13.4. PV
3.14. Global power & utility outlook (2017)
3.15. Key customer requirements
3.16. Customer group requirements
3.17. Key barrier
3.18. Price trend analysis
3.18.1. By installation
3.18.1.1. Onshore
3.18.1.2. Offshore
3.18.2. By component
3.18.2.1. Rotor module
3.18.2.2. Nacelle module
3.18.2.3. Tower module
3.18.3. By region
3.18.3.1. North America
3.18.3.2. Europe
3.18.3.3. Asia Pacific
3.18.3.4. Middle East & Africa
3.18.3.5. Latin America
3.19. Primary energy demand outlook 2040, by region
3.19.1. OECD
3.19.2. China
3.19.3. India
3.19.4. Other Asian countries
3.19.5. Africa
3.19.6. Rest of the world
3.20. Primary energy demand outlook 2040, by fuel
3.20.1. Oil
3.20.2. Gas
3.20.3. Coal
3.20.4. Nuclear
3.20.5. Hydro
3.20.6. Renewables
3.21. Operation & maintenance landscape (Wind turbine)
3.22. Comparative analysis
3.22.1. Onshore
3.22.2. Offshore
3.23. Industry impact forces
3.23.1. Growth drivers
3.23.1.1. North America
3.23.1.1.1. Refurbishment & retrofitting of grid infrastructure
3.23.1.1.2. Favorable sustainable energy policies
3.23.1.2. Europe
3.23.1.2.1. Stringent energy efficiency reforms
3.23.1.2.2. Focus towards smart grid deployment
3.23.1.3. Asia Pacific
3.23.1.3.1. Rising peak load demand
3.23.1.3.2. Positive renewable energy outlook
3.23.1.4. Middle East and Africa
3.23.1.4.1. Establishment of a sustainable energy infrastructure
3.23.1.4.2. Increasing demand for electricity
3.23.1.5. Latin America
3.23.1.5.1. Integration of a sustainable electrical network
3.23.2. Industry pitfalls & challenges
3.23.2.1. Availability of auxiliary electricity generation sources
3.24. Growth potential analysis
3.25. Porter's analysis
3.26. Competitive landscape, 2017
3.26.1. Strategy dashboard
3.26.2. Company market share
3.26.3. Technological landscape
3.26.3.1. Horizontal (HAWTs)
3.26.3.2. Vertical (VAWTs)
3.27. PESTEL analysis
Chapter 4. Wind Turbine Market, By Axis
4.1. Wind turbine market share by axis, 2017 & 2024
4.2. Horizontal (HAWts)
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.2.3. Up-wind
4.2.3.1. Market estimates and forecast, 2013-2024
4.2.3.2. Market estimates and forecast, by region, 2013 – 2024
4.2.4. Down wind
4.2.4.1. Market estimates and forecast, 2013-2024
4.2.4.2. Market estimates and forecast, by region, 2013 – 2024
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