Wind Energy Market Share, Industry Trends, Statistics, Drivers, Demand, Key Companies by 2027

The global Wind Energy Market will be worth USD 167.15 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the rapid urbanization coupled with the rising demand for electricity in the developing economies. Rising initiatives of the government to increase the adoption of sustainable sources of power generation such as solar energy and wind energy in order to reduce the emission levels and enhance the quality of air is anticipated to drive the growth of the segment.

The report offers a comprehensive understanding of the impact of the COVID-19 pandemic on the overall market growth and expansion. COVID-19 has affected the global economy by interfering with production and demand, causing market disruption, and inducing financial instability. The report further analyses the impact of COVID-19 on the global Wind Energy market and offers a futuristic outlook of the market in the post-COVID-19 world.

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Key Highlights From The Report

• In February 2019, Vestas entered into a partnership with a local manufacturing service provider, Marand Precision Engineering, for Wind Turbine Assembly Facility in Geelong. The partnership will help Vestas to expand its wind turbine assembly in the Victorian renewable energy sector.
• Onshore wind farms held the largest market share of 60.5% in the year 2019. The advantages of the onshore wind farms, such as low maintenance costs, cheaper integration and foundation, and easier access and operations, have resulted in the increased demand for the onshore wind farms.
• The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the growing initiatives and funding of the government to adopt renewable sources of energy in order to generate electricity.
• Key participants include Nordex SE, Acciona, Goldwind, General Electric, Vestas, Siemens Gamesa Renewable Energy, S.A., Sinovel Wind Group, Suzlon Energy Limited, ENERCON GmbH, and Dongfang Electric Corporation, among others.

Market Segmentation:

Emergen Research has segmented the global Wind Energy Market on the basis of Location, Application, and region:

• Location Outlook (Revenue, USD Billion; 2017-2027)
o Offshore
o Onshore
• Application Outlook (Revenue, USD Billion; 2017-2027)
o Commercial
o Industrial
o Residential

The research report is an investigative study providing a conclusive view of the Wind Energy business sphere by an in-depth segmentation of the market into key applications, types, and regions. These segments are analyzed on the basis of present, emerging, and future trends. The regional segmentation provides current and forecast demand estimation for the Wind Energy industry in key regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The report gives a comprehensive analysis of the Wind Energy market at the global and regional level, and the forecast has been presented in terms of value and price for the period of 8 years from 2020-2027. The report covers an extensive study of the market drivers and restraints on the global scale and provides an impact analysis of those market drivers and restraints on the demand and supply ratio for the Wind Energy market throughout the forecast period.

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Key Summary of the Wind Energy Market Report:

• Insightful information regarding the global Wind Energy market
• Identification of growth in various segments and sub-segments of the Wind Energy market
• Strategic recommendations for investment opportunities
• The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
• Emerging trends and current market segment analysis to help investors formulate new business strategies
• Accelerates the decision making process through the detailed description of the drivers, restraints, growth prospects, and limitations
• Thorough SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and investment return analysis

Table of Content

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Wind Energy Market Segmentation & Impact Analysis
4.1. Wind Energy Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand for electricity
4.2.2.2. Increasing initiatives of the government to reduce carbon emissions
4.2.2.3. Favorable government regulations
4.2.2.4. Technological advancements of the renewable energy sources
4.2.2.5. Increasing investments in wind power projects
4.2.3. Market restraints analysis
4.2.3.1. High installation cost of the wind turbines
4.2.3.2. Heavy investment for the production of the wind turbines
4.2.3.3. Increasing adoption of solar energy or gas-based power
4.2.3.4. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

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