Onshore Wind Turbine Market: Driving Rapid Growth with Top Players and High Future CAGR by 2024-2031 | Vestas Wind Systems, Siemens Gamesa Renewable Energy, GE Renewable Energy

The Onshore Wind Turbine Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Onshore Wind Turbine market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Onshore Wind Turbine Market reached US$ 51.9 billion in 2022 and is expected to reach US$ 72.6 billion by 2031, growing with a CAGR of 4.9% during the forecast period 2024-2031.

An onshore wind turbine is a device that converts wind energy into electricity, located on land rather than at sea. These turbines are typically installed in areas with strong, consistent winds and consist of large blades mounted on a tall tower. As the wind turns the blades, a generator produces electricity. Onshore wind turbines are a key component of renewable energy systems, providing a clean, sustainable source of power with lower installation and maintenance costs compared to offshore turbines.

Key Developments:

In August 2023, Adani Group is set to unveil its 5.2 MW wind turbine in Mundhra, Gujarat, making it the largest in India and one of the largest onshore turbines globally. The technology for the turbine is sourced from W2E Wind to Energy GmbH in Germany.

In September 2022, Vestas Wind Systems launched a 199-meter tall onshore wind turbine tower, the tallest in the world at the time. Developed in collaboration with Max Bögl, this tower is designed to capture stronger, more consistent winds to increase electricity production.

In May 2022, GE Renewable Energy introduced the Sierra platform, a 3 MW onshore wind turbine tailored for North America. With a 140-meter rotor and a variety of hub height options, the Sierra platform features innovative two-piece blade technology for improved logistics and serviceability, and has already secured orders for over 1 GW of capacity.

List of the Key Players in the Onshore Wind Turbine Market:

Vestas Wind Systems, Siemens Gamesa Renewable Energy, GE Renewable Energy, Goldwind, Nordex Group, Enercon GmbH, Suzlon Energy Ltd., Envision Energy, Senvion GmbH and Ming Yang Smart Energy Group.

Research Process:

Both primary and secondary data sources have been used in the global Onshore Wind Turbine Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Onshore Wind Turbine Market:

By Capacity: Less than 1MW, 1MW to 3MW and More than 3MW

By Axis: Horizontal Axis, Vertical Axis

By Size: Small Scale, Medium Scale, Large Scale

By Technology: Electrically Excited Synchronous Generator, Permanent Magnet Synchronous Generator

Regional Breakout:

The global Onshore Wind Turbine Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

✫ North America (U.S., Canada, Mexico)

✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

✫ South America (Colombia, Brazil, Argentina, Rest of South America)

✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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This Report Unveils:

✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.

✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.

✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.

✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.

✔ Identify high-potential niche segments and regions poised for significant expansion.

✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.

✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Onshore Wind Turbine manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Onshore Wind Turbine in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the Onshore Wind Turbine market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the Onshore Wind Turbine market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

☞ What is the expected growth rate of the global Onshore Wind Turbine market for the forecast period?

☞ What are the key driving factors that are responsible to shape the fate of the Onshore Wind Turbine market during the forecast period?

☞ What will be the overall size of the market during the analysis period?

☞ What are the prominent market trends which influence the development of the Onshore Wind Turbine market across various regions?

☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☞ What are the challenges and threats that are likely to act as a barrier to the growth of the Onshore Wind Turbine market?

☞ What are the major opportunities that the companies can get to attain success in the world?

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