Wind Energy Market 2023 - Size, Market Trends, Opportunity, Market Share, and Forecast 2032

As per The Business Research Company's Wind Energy Opportunities And Strategies Market Report 2023, the global wind energy market reached a value of nearly $41,425.0 million in 2022, having increased at a compound annual growth rate (CAGR) of 9.8% since 2017. The market is expected to grow from $41,425.0 million in 2022 to $69,839.9 million in 2027 at a rate of 11.0%. The market is then expected to grow at a CAGR of 10.7% from 2027 and reach $115,879.3 million in 2032.

Strong government support is expected to drive the growth of the wind energy market going forward. The governments of various countries are supporting the energy sector to produce new solutions to better serve the industry. For example, in March 2023, the UK government announced it will quadruple offshore wind capacity to 50 GW (gigawatt) by 2030, and reach net zero power generation by 2035. Meanwhile, EU countries are ramping up offshore wind activity and the EU's Green Deal plan temporarily relaxes state aid rules, allowing member states to subsidize supply chains.

View Complete Report @ https://www.thebusinessresearchcompany.com/sample_request?id=12310&type=smp

Wind-solar hybrid systems are becoming a notable trend in the wind energy market, as they combine the complementary nature of wind and solar power generation to enhance overall system efficiency and energy output. By integrating both renewable sources, these hybrid systems offer improved grid stability, optimized land use and increased renewable energy penetration. Hybrid systems, mostly known as solar wind hybrid systems, are more advantageous than single-powered systems, such as wind and solar lights. The solar wind hybrid system generates approximately twice as much wind or solar energy than singly-installed systems. Companies in the wind energy market are focusing on wind-solar hybrid systems to capture complementary solar and wind resources.

The top opportunities in the wind energy market by turbine type will arise in the horizontal axis market, which will gain $27,400.3 million of global annual sales by 2027. The top opportunities in the wind energy market by component will arise in the turbine market, which will gain $14,315.0 million of global annual sales by 2027. The top opportunities in the wind energy market by application will arise in the utility market, which will gain $24,761.4 million of global annual sales by 2027. The top opportunities in the wind energy market by location will arise in the onshore market, which will gain $25,698.9 million of global annual sales by 2027. The wind energy market size will gain the most in China at $13,751.8 million.

Wind Energy Market Segmentation:

The wind energy market is segmented by turbine type, by component, by location and by application.
By Turbine -
a) Horizontal Axis
b) Vertical Axis

By Component -
a) Turbine
b) Support Structure
c) Electrical Infrastructure
d) Other Components

By Application-
a) Utility
b) Non-utility

By Location -
a) Onshore
b) Offshore

By Geography -
Asia Pacific was the largest region in the wind energy market.

Major players in the Wind Energy market include Siemens Energy AG, Xinjiang Goldwind Science & Technology Co., Ltd, General Electric Company, Vestas Wind Systems A/S, Nordex SE.

The regions covered in the global Wind Energy market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Download FREE SAMPLE Report - https://www.thebusinessresearchcompany.com/sample_request?id=12310&type=smp

The latest report from The Business Research Company, 'Global Wind Energy Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Wind Energy Market Report Table Of Content

1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……………………………..
18. Competitive Landscape and Company Profiles
19. Key Mergers And Acquisitions
20. Opportunities And Strategies
21. Wind Energy Market, Conclusions And Recommendations
22. Appendix

PURCHASE the report @ https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12310

Get to know us better:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/

This release was published on openPR.