Global Wind Turbine Shaft Market 2022-2026

Global Wind Turbine Shaft Market 2022-2026

Technavio has been monitoring the wind turbine shaft market and it is poised to grow by $ 2.00 bn during 2022-2026 progressing at a CAGR of 7.49% during the forecast period. Our report on the wind turbine shaft 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rapid growth of the global wind power market, rising investments in clean sources of energy, and regulatory support for wind energy projects.

The wind turbine shaft market analysis includes the application segment and geographic landscape.

Technavio's wind turbine shaft market is segmented as below:

By Application

• Onshore
• Offshore

By Geographical Landscape

• APAC
• Europe
• North America
• Middle East and Africa
• South America

This study identifies the increasing government initiatives for the use of renewable energy resources as one of the prime reasons driving the wind turbine shaft market growth during the next few years. Also, increasing M&A, collaborations, and partnerships, and increase in new product launches will lead to sizable demand in the market.

Technavio 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. Our report on wind turbine shaft market covers the following areas:

• Wind turbine shaft market sizing
• Wind turbine shaft market forecast
• Wind turbine shaft market industry analysis

Technavio's 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 shaft market vendors that include ABB Ltd., Acciona SA, B and D Industrial, Bergey Wind Power Co., Broadwind Energy Inc., General Electric Co., Jiangsu Huixuan New Energy Equipment Co. Ltd., Jiangyin Zenkung Forging Co. Ltd, Luoyang Yujie Industry and Trade Co. Ltd, Mingyang Smart Energy Group Co. Ltd., Nordex SE, Schaeffler AG, Senvion Wind Technology Pvt. Ltd., Siemens AG, Sinovel Wind Group Co. Ltd., Suzlon Energy Ltd., Altra Industrial Motion Corp., and SANY Group. Also, the wind turbine shaft 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.

Technavio 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. Technavio's 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.

Companies Mentioned

ABB Ltd., Acciona SA, B and D Industrial, Bergey Wind Power Co., Broadwind Energy Inc., General Electric Co., Jiangsu Huixuan New Energy Equipment Co. Ltd., Jiangyin Zenkung Forging Co. Ltd, Luoyang Yujie Industry and Trade Co. Ltd, Mingyang Smart Energy Group Co. Ltd., Nordex SE, Schaeffler AG, Senvion Wind Technology Pvt. Ltd., Siemens AG, Sinovel Wind Group Co. Ltd., Suzlon Energy Ltd., Altra Industrial Motion Corp., SANY Group