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Wind Turbine Market Is Likely To See A Massive Surge In Demand And Growth In The Forecast Period 2023-2032
Wind Turbine Market
The Business Research Company's Wind Turbine Global Market Report 2023 identifies Increasing demand for renewable energy sources is contributing to the growth of the wind turbine market. Wind turbines will also reduce the amount of electricity generation from fossil fuels, which results in lower total air pollution and carbon dioxide emissions.
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 market size of wind turbine 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 are 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.
Technological enhancements are a key trend gaining popularity in the wind turbine market. The technology on the offshore direct drive platform allows for the re-use of most components from previous generations.
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The wind turbine market is segmented -
• By Component: Rotator Blade, Gearbox, Generator, Nacelle, Other Components
• By Axis Type: Horizontal, Vertical
• By Location of Deployment: Onshore, Offshore
• By Connectivity Type: Grid Connected, Stand Alone
• By Application: Industrial, Commercial, Residential, Utility
• 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.
The Business Research Company's "Global Wind Turbine Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Wind Turbine Market Include:
1. Wind Turbine Market Executive Summary
2. Wind Turbine Market Segments
3. Wind Turbine Market Size And Wind Turbine Market Growth Rate
4. Key Wind Turbine Market Trends
5. Major Wind Turbine Market Drivers
……
25. Key Mergers And Acquisitions In The Wind Turbine Market
26. Top Wind Turbine Companies
27. Wind Turbine Market Opportunities And Strategies
28. Wind Turbine Market, Conclusions And Recommendations
29. Appendix
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