Onshore Wind Turbine Market Growth, Investment Analysis, and Future Outlook | DataM Intelligence Report

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.

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Onshore Wind Turbine Market Overview

Onshore Wind Turbine refers to a wind-powered energy generation system installed on land, designed to convert kinetic energy from wind into electrical power. These turbines consist of components such as blades, a rotor, a nacelle (housing the generator and gearbox), and a tower. Onshore wind turbines are commonly used in wind farms located in rural or open areas with consistent wind flow and are a key source of renewable and sustainable energy, contributing significantly to reducing greenhouse gas emissions.

Research Methodology:

The global Onshore Wind Turbine Market research report is based on a combination of primary and secondary data sources. The study carefully analyzes various factors influencing the industry, including government regulations, market dynamics, competitive landscape, historical trends, current conditions, and technological progress. It also evaluates future developments, related industry trends, market volatility, growth prospects, potential obstacles, and emerging 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 and Large Scale

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

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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.

Industry Development:

In August 2023, the Adani Group is preparing to unveil its much-anticipated 5.2 MW wind turbine in Mundra, Gujarat. Recognized as the largest wind turbine in India and among the largest onshore turbines worldwide, the project utilizes advanced technology sourced from W2E Wind to Energy GmbH in Germany.

Back in September 2022, Vestas Wind Systems, a leading Danish wind turbine manufacturer, introduced an onshore wind turbine tower with a hub height of 199 meters (approximately 653 feet)-the tallest onshore turbine tower globally at that time. This towering structure was developed in collaboration with Max Bögl, a German engineering company. The extraordinary height of the tower is designed to capture stronger and more stable wind currents, enhancing the turbine's overall energy output.

In May 2022, GE Renewable Energy launched its next-generation Sierra platform, a 3 MW onshore wind turbine tailored for the North American market. Featuring a 140-meter rotor and various hub height options (including those under 500 feet), the Sierra turbine integrates GE's two-piece blade technology for improved logistics, installation, and maintenance. With over 1 GW in orders, the Sierra builds on the success of GE's 2 MW platform, which has achieved 30 GW of global installations. Two prototypes were deployed-one in Lubbock, Texas, and the other in Karnataka, India-both of which have completed over a year of successful operation.

Regional Analysis for Onshore Wind Turbine Market:

⇥ 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)

The Report Includes:

➡ 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

➡ Go-to-market Strategy.

➡ Neutral perspective on the market performance.

➡ Customized regional/country reports as per request and country level analysis.

➡ Potential & niche segments and regions exhibiting promising growth covered.

People Also Ask:

➠ What are the global sales, production, consumption, imports, and exports in the Onshore Wind Turbine market?

➠ Who are the top manufacturers, and what are their capacity, production, sales, pricing, and revenue stats?

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

➠ Which product types, applications, or end-users are driving market growth, and what is their market share?

➠ What are the major growth drivers and restraints of the Onshore Wind Turbine market?

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