Onshore Wind Turbine Market is Estimated to Reach USD 72.6 billion by 2030 at a CAGR of 4.9% Between 2024 and 2031 | GE Renewable Energy, Goldwind, Nordex Group.

The Global Onshore Wind Turbine Market reached US$ 51.9 billion in 2022 and is expected to reach US$ 72.6 billion by 2030, growing with a CAGR of 4.9% during the forecast period 2024-2031.

Onshore Wind Turbine Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Onshore Wind Turbine Market focuses on the development, installation, and maintenance of wind turbines on land to generate renewable energy. These turbines harness wind energy to produce electricity, contributing to cleaner power generation. Driven by sustainability goals, technological advancements, and favorable government policies, the market is growing as countries invest in onshore wind projects to reduce carbon emissions and enhance energy security.

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.

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Industry Development:

In August 2023, Adani Group's highly anticipated 5.2 MW wind turbine in Mundhra, Gujarat, is set to be formally unveiled. This turbine is recognized as the largest in India and one of the largest onshore wind turbines globally. The technology behind the turbine is provided by W2E Wind to Energy GmbH from Germany.

In September 2022, Vestas Wind Systems, a Danish manufacturer of wind turbines, launched an onshore wind turbine tower with an impressive hub height of 199 meters (just under 653 feet). At the time, this tower was the tallest onshore wind turbine tower in the world. Vestas collaborated with the German company Max Bögl for the project. The tower's significant height is expected to capture stronger, more consistent winds, enhancing the turbine's electricity production.

Growth Forecast 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.

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.

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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.

Regional Analysis for Onshore Wind Turbine Market:

The regional analysis of the Onshore Wind Turbine Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ 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)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Onshore Wind Turbine market?

➠ Who are the leading manufacturers in the global Onshore Wind Turbine industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Onshore Wind Turbine industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Onshore Wind Turbine market?

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

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