Wind Turbine Market Unveiling the Growth Trajectory Market Size, Trends, Share, and Growth Projections 2031

The capacity to generate electricity with wind turbines has grown tremendously. In 2013, wind turbines produced 296,255 MW of electricity, with 13,980 MW generated in the first half of the year alone. Wind power accounted for 3 to 5% of global electricity demand in 2013. The world's business activities heavily rely on electric energy, and the limited availability of natural resources will impact global economic growth. These factors are driving governments to explore alternative energy solutions to meet the increasing demand for electricity.

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The Global Wind Energy Council predicts that wind power will contribute 12% of global electricity by 2020 and create 1.4 million new jobs worldwide. Increased use of wind power will also have a positive impact on the environment by reducing CO2 emissions by 1.5 billion tons per year.

Wind turbines are devices that convert kinetic energy from the wind into electric energy. Many companies are now harnessing wind power both offshore and onshore to generate electricity. The rising global temperatures caused by the use of fossil fuels have prompted governments to explore alternative energy sources. Minimizing dependency on limited resources such as gas and oil is not only beneficial for the planet but also for the economy. Wind turbines can help achieve a balance between the supply and demand for electricity in the 21st century.

However, there are limitations to adopting wind turbine technology. The availability of strong winds may vary across different locations, affecting the efficiency of the turbines. Additionally, there are concerns about the potential health effects of living near wind turbine installations. These factors hinder the growth of the wind turbine market.

Key companies profiled in this report include Vestas, Sinovel, Goldwind, Gamesa, Enercon, General Electric, Suzlon, Siemens, Ming Yang, Wind Power, and Guodian United Power.

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Key Benefits:

In-depth analysis of the global wind turbine technology market, considering adoption rates in different geographic regions and application segments.
Detailed examination of government policies, regulations, and social acceptance of wind turbines to help companies develop region-specific business plans.
Understanding the impact of wind turbine technology on CO2 emissions and its effects on future business models.
Explicit discussion of global and regional market perspectives and industry deployment of wind turbine technology to provide region-specific insights.
Estimations for the wind turbine market from 2013 to 2020 (based on 2012 as the base year), considering historical, current, and potential future investments in the market.
Showcase of market share for top companies to provide new entrants with intelligence about potential competitors in the wind turbine market.
Discussion of top investment pockets based on geographic regions in the wind turbine market.

Key Market Segments:

By Type of Wind Farm:

Onshore wind turbine market
Offshore wind turbine market

By Turbines MW Capacity:

1 to 100 MW
100 to 1,000 MW

1,000 to 5,000 MW

5,000 to 10,000 MW

10,000 MW

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By Components:

Gear Box
Rotor Blade
Generator
Others

By Geography:

North America
Europe
Asia-Pacific
Rest of the World (RoW)

Key Audiences:

Wind Blade Manufacturers, Dealers, and Wholesalers
Government Departments
System Integrators
Academic and Research Institutes
Technology Investors

Market report provides answers to the following key questions:

- What are the strengths and weaknesses of the key vendors?
- Who are the main key players and what are their future business plans?
- What will be the market size and growth rate in the upcoming year?
- What are the major factors driving the global market?
- What are the key market trends influencing global market growth?
- What are the factors trending and impacting market shares in different regions? What is the impact of Covid-19 on the industry?
- Who are the key market players and what are their strategies in the global market?
- What are the market opportunities and threats faced by vendors globally? What industry trends, drivers, and challenges are affecting their growth?
- What are the key findings from the five forces analysis of the global market?

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