Wind Power Equipment Market Comprehensive Insights and Forecast 2021 to 2026

The Global Wind Power Equipment Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The global wind power equipment market is expected to grow at a CAGR of less than 2% during 2020-2025. 

Click the link to get a Free Sample Copy of the Report:

https://www.marketinsightsreports.com/reports/04061950170/global-wind-power-equipment-market-growth-trends-and-forecast-2020-2025/inquiry?Mode=68

Key Players:

Vestas Wind Systems AS, Siemens Gamesa Renewable Energy, Enercon GmbH, Envision Energy, General Electric Company, Guodian United Power Technology Company Limited, Ming Yang Wind Power Group Limited, Senvion SA, Nordex SE, Xinjiang Goldwind Science & Technology Co., Ltd. and others.

Key Market Trends

Increasing Demand from Onshore Wind Power Industry

- The onshore wind power industry has dominated the wind power equipment market and is expected to continue its dominance over the forecast period.
- Over the past few decades, onshore wind power has emerged as one of the most valued sources of renewable energy, worldwide. The cumulative onshore installed wind power capacity reached 568.4 GW in 2018, with an addition of 8.9% to the previous years capacity. Countries such as China, the United States, Germany, and India dominated the onshore wind power market, in 2018.
- The total onshore installed wind power capacity is expected to reach 619 GW by 2023, with majority of the growth coming from the developing markets in the Middle East & Africa, South America, and Southeast Asia.
- Moreover, the cost of onshore wind power generation has reduced significantly, driven by the reduction in capital investments, owing to better turbine designs and economy of scale, increased capacity factors due to technological advancements in equipment and wind power plant design, and increased production life of wind turbines.
- Adding to this, in 2015, onshore wind required an average of EUR 2 million of financing for each MW of capacity installed in Europe. By 2018, this number had reduced to EUR 1.4 million per MW. This, in turn, is expected to boost the number of onshore wind installations in Europe in the coming years and, further, drive the demand for wind power equipment.
- Therefore, factors, such as decline in onshore wind CAPEX, along with supportive government policies and targets, are expected to increase the number of wind power plants across the world in the coming years. This, in turn, is expected to directly impact the onshore wind power equipment market during the forecast period.

Asia-Pacific to Dominate the Market

- Asia-Pacific is the regional hotspot for the wind power equipment market, owing to governmental support, numerous incentives, and national targets. In 2018, the total installed wind power capacity in the region reached 261.15 GW, representing an increase of 11.40% over the previous years level. The offshore wind power industry in the region registered a significant growth rate of 61.2% over the 2017s level.
- As of 2018, China held the largest installed wind power capacity in the world. The Chinese onshore wind market installed 21.2 GW in 2018, and has been the leading market since 2008. In the offshore wind market, China installed 1.8 GW in 2018, taking the lead for the first time, followed by the United Kingdom.
- The government of China is actively promoting the development of renewable infrastructure, in order to curb pollution and to reduce the share of thermal power in the countrys power generation profile. This is likely to drive the development of wind power projects in the country which, in turn, is expected to drive the wind power equipment market during the forecast period.
- As of 2018, Indias installed wind power capacity stood at 35.13 GW. The number of new installations has slowed down in the country, as the industry has been adapting to the new method of determining tariff, i.e., wind power auction. However, the future looks bright, as the government aims to install about 60 GW of wind power, by 2022.

Browse Full Report at:

https://www.marketinsightsreports.com/reports/04061950170/global-wind-power-equipment-market-growth-trends-and-forecast-2020-2025?Mode=68

What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Wind Power Equipment market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Personal Protective Equipment market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Wind Power Equipment market.

Market Segments: This part of the report discusses product type and application segments of the global Wind Power Equipment market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Wind Power Equipment used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

Finally, the Wind Power Equipment Market report is the believable source for gaining Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

CONTACT US:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

ABOUT US:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.