Global Wind Turbine Generator Market 2024-2028
The wind turbine generator market is forecasted to grow by USD 8727.5 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the wind turbine generator 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 rise in wind energy consumption, decline in lcoe of wind power generation, and supportive regulatory policies for wind energy projects.
Technavio's wind turbine generator market is segmented as below:
- By Application
- Onshore
- Offshore
- By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the r and d in direct-drive generators for wind turbines as one of the prime reasons driving the wind turbine generator market growth during the next few years. Also, rise in offshore installations and rise in patent filings will lead to sizable demand in the market.
The report on the wind turbine generator market covers the following areas:
- Wind turbine generator market sizing
- Wind turbine generator market forecast
- Wind turbine generator 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 generator market vendors that include ABB, Alxion, AVANTIS Energy Group, Bergey Wind Power Co., Bora Energy, Doosan Corp., Emergya Wind Technologies BV, ENERCON GmbH, Equinor ASA, General Electric Co., Hitachi Ltd., Nordex SE, Principle Power Inc., ReGen Powertech Pvt. Ltd., Sany Group, Siemens Gamesa Renewable Energy SA, Sinovel Wind Group Co. Ltd., Suzlon Energy Ltd., Vestas Wind Systems AS, and Xinjiang Goldwind Science and Technology Co. Ltd.. Also, the wind turbine generator 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 research - both primary and secondary. 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 the accurate market growth.