Press release
Wind Turbine Market is Forecasted to Reach US$ 121.35 Billion in 2028, Says Stratview Research
Stratview Research, a global market research firm has launched a report on the global wind turbine market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1227/wind-turbine-market.html#form
Report Highlights:
Market Size in 2028: US$ 121.35 billion
Growth (CAGR): 6.7% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 7
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Wind Turbine Market:
The global wind turbine market is segmented based on axis type, installation type, connectivity type, rating type, application type, component type, and region.
Based on installation type - The market is segmented as onshore and offshore. The onshore wind turbine installation segment is to remain the dominant installation type in the market, whereas offshore installation is likely to grow at a faster rate over the next five years with the growing importance of offshore wind turbine installation, owing to its various benefits over onshore installation.
Based on application type - The wind turbine market is segmented as utility, industrial, commercial, and residential. The industrial segment is projected to remain the largest application of the market during the forecast period, owing to the growing usage of renewable energy in industrial production and power generation.
To know the most attractive segments, click here:
https://www.stratviewresearch.com/1227/wind-turbine-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is estimated to be the largest market and is also expected to witness the highest growth in the market fueled by high demand in China, India, and Japan. This growth outlook is majorly attributed to the following-
• The dominance of the region is attributed to the presence of many wind turbine installers across the region.
• Out of the top fifteen wind turbine manufacturers in the world, eight are from China.
Wind Turbine Market Drivers:
Some of the key drivers listed in the report are given below.
Global Emphasis on Renewable Energy: The market for wind turbines is expanding quickly and changing dramatically because of the increased emphasis on renewable energy sources worldwide and the growing push for greener energy sources.
Demand for Clean and Sustainable Energy: The growing need for sustainable and clean energy sources is one of the main factors propelling the wind turbine market's expansion. Governments everywhere are putting policies into place intending to lower carbon emissions and raise the proportion of renewable energy in their energy portfolios.
Role of Technological Advancements: Higher energy output from these technological advancements makes wind energy more competitive for utility-scale power generation. Technological advancements have significantly increased the energy generation capacity and efficiency of wind turbines using larger rotor diameters, taller towers, and more efficient blades.
Top Companies in the Wind Turbine Market:
Stratview Research has identified the following companies as the top market players.
• Dongfang Electric Corporation
• Enercon GmbH
• Envision Group
• GE Renewable Energy
• Goldwind Science & Technology Co., Ltd.
• Ming Yang Wind Power Group Limited
• Nordex SE
• Siemens Gamesa Renewable Energy, S.A.
• Vestas Wind Systems A/S
• Windey Co., Ltd.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Wind Turbine Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Hydropower Turbine Market: https://www.stratviewresearch.com/1031/hydropower-turbine-market.html
• Steam Turbine Market: https://www.stratviewresearch.com/1779/steam-turbine-market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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