(2023-2032) Wind Turbine Global Market Trends And Forecast Report | By Types, Applications, Regions And Players Enercon GmbH, Gamesa, General Electric, Goldwind, Guodian United Power Technology Company Ltd
As per the Wind Turbine market report by The Business Research Company, Increasing demand for renewable energy sources is contributing to the growth of the wind turbine market.
The global wind turbine market grew from $79.13 billion in 2022 to $78.43 billion in 2023 at a compound annual growth rate (CAGR) of 9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The wind turbine market size is expected to grow to $104.50 billion in 2027 at a CAGR of 7.4%.
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Major competitors in the Wind Turbine market include Enercon GmbH, Gamesa, General Electric, Goldwind, Guodian United Power Technology Company Ltd., Ming Yang, Sinovel Wind Group Co Ltd., Suzlon Energy Ltd., Vestas Wind Systems A/S, Nordex SE, Senvion, Northern Power Systems, Clipper, Bergey, Impsa, Hitachi Ltd., Vergnet, Xinjiang Goldwind Science And Technology Co Ltd., Eaton Corporation PLC, Windey Co Ltd., Dongfang Electric Corporation, Bilfinger Offshore Wind Energy, ZF Wind Power Antwerpen, Leitwind, Wobben, and LM Windpower.
The Wind Turbine market is segmented -
• By Type: Component: Rotator Blade, Gearbox, Generator, Nacelle, Other Components
• By Axis Type: Horizontal, Vertical
• By Location of Deployment: Onshore, Offshore
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Wind Turbine market.
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The wind turbine refers to a power-generating device that has been driven by the kinetic energy of the wind. A wind turbine turns wind energy into electricity using the aerodynamic force of the rotor blades, which work like an airplane wing or helicopter rotor blade. When wind flows across the blade, the air pressure on one side of the blade will decrease.
The Table Of Content For The Wind Turbine Market Include:
1. Executive Summary
2. Wind Turbine Market Characteristics
3. Wind Turbine Market Trends And Strategies
4. Wind Turbine Market - Macro Economic Scenario
5. Wind Turbine Market Size And Growth
28. Key Mergers And Acquisitions In The Wind Turbine Market
29. Wind Turbine Market Future Outlook and Potential Analysis
The "Global Wind Turbine Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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