Global Wind Turbine Market 2024-2028
Wind Turbine Market 2024-2028
The wind turbine market is forecasted to grow by USD 47.9 mn during 2023-2028, accelerating at a CAGR of 9.3% during the forecast period. The report on the wind turbine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by economical and efficient renewable energy resource, increase in wind installation capacity, and increasing investment in upcoming wind power projects.
Technavio's wind turbine market is segmented as below:
By Type
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increasing government initiatives to shift toward use of renewable energy as one of the prime reasons driving the wind turbine market growth during the next few years. Also, increasing merger and acquisition, collaboration, and partnership and increase in new product launch will lead to sizable demand in the market.
The report on the wind turbine market covers the following areas:
- Wind Turbine Market sizing
- Wind Turbine Market forecast
- Wind Turbine Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wind turbine market vendors that include Acciona SA, Bergey Wind Power Co., E.ON UK Plc, Eaton Corp plc, ENERCON GmbH, Envision Group, General Electric Co., Hitachi Ltd., Ming Yang Smart Energy Group Ltd., Nordex SE, Senvion SA, Siemens Gamesa Renewable Energy SA, Sinovel Wind Group Co. Ltd., Suzlon Energy Ltd., and Vestas Wind Systems AS. Also, the wind turbine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.