Onshore Wind Turbine Market Forecasted for Major Expansion by 2031 | Vestas Wind Systems, Siemens Gamesa Renewable Energy, GE Renewable Energy

The Global Onshore Wind Turbine Market reached US$ 51.9 billion in 2022 and is expected to reach US$ 72.6 billion by 2032, growing with a CAGR of 4.9% during the forecast period 2025-2032.

Onshore Wind Turbine Market analysis, according to DataM Intelligence, offers more than just an overview, it investigates the underlying aspects of the sector. The study provides an overview, the research explores the hidden aspects of the sector, breaking down its intricate dynamics, charting regional dominance, spotting demand patterns, and spotting prospective breakthroughs that could influence how businesses operate in the future.

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The Onshore Wind Turbine market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.

An onshore wind turbine is a renewable energy device installed on land to convert wind energy into electricity. It consists of components like blades, a rotor, and a generator, and is commonly used in wind farms to provide a sustainable and eco-friendly power source.

Forecast Growth Projected:

The Global Onshore Wind Turbine Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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.

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 and Large Scale

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

Industry Development:

In August 2023, Adani Group's 5.2 MW wind turbine in Mundra, Gujarat, is nearing its formal unveiling. The turbine, one of the largest onshore wind turbines globally and the largest in India, utilizes technology sourced from Germany's W2E Wind to Energy GmbH.
In September 2022, Vestas Wind Systems, a Danish wind turbine manufacturer, launched the world's tallest onshore wind turbine tower at 199 meters (653 feet). Developed in collaboration with Germany's Max Bögl, the tower's height enables better wind harvesting, enhancing electricity production.

In May 2022, GE Renewable Energy introduced the Sierra platform, a 3 MW onshore wind turbine tailored for North America. Featuring a 140-meter rotor and GE's two-piece blade technology, the platform simplifies logistics and installation. With over 1 GW in orders, Sierra builds on GE's 2 MW platform's 30 GW global success and includes prototypes in Texas and Karnataka with over a year of operation.

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Regional Break out:

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

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Rest of South America

☞ Middle East and Africa

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 blue ocean 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 blue ocean 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 global sales value, production value, consumption value, import and export of Onshore Wind Turbine market?

➠ Who are the global key manufacturers of the Onshore Wind Turbine Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Onshore Wind Turbine market opportunities and threats faced by the vendors in the global Onshore Wind Turbine Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Onshore Wind Turbine market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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