Global Wind Turbine Systems Market Growth (Status and Outlook) 2023-2029

Global Wind Turbine Systems Market Growth (Status and Outlook) 2023-2029

Wind turbine is a machine that revolves and converts kinetic energy from wind into electricity, which is then sent to the power grid. 

LPI (LP Information)' newest research report, the “Wind Turbine Systems Industry Forecast” looks at past sales and reviews total world Wind Turbine Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Wind Turbine Systems sales for 2023 through 2029. With Wind Turbine Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wind Turbine Systems industry.

This Insight Report provides a comprehensive analysis of the global Wind Turbine Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Wind Turbine Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Wind Turbine Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wind Turbine Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wind Turbine Systems.

The global Wind Turbine Systems market size is projected to grow from US$ 14350 million in 2022 to US$ 19470 million in 2029; it is expected to grow at a CAGR of 4.5% from 2023 to 2029.

The power sector around the globe is undergoing a major transition as power generation from fossil fuels is slowly being replaced with renewable sources. The need to reduce the carbon footprint has resulted in many countries implementing renewable energy-specific targets and policies. In addition to policies, the rapidly decreasing cost of renewable technologies, particularly solar and wind, has led to a continuous increase in the production of energy from renewable sources.

This report presents a comprehensive overview, market shares, and growth opportunities of Wind Turbine Systems market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Horizontal Axis
Vertical Axis

Segmentation by application
On-shore Turbine
Off-shore Turbine

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Siemens(Gamesa)
GE Renewable Energy
SANY
Suzlon
AVANTIS Energy
Bora Energy
EWT
Goldwind Science & Technology
LEITNER
NORDEX
ReGen PowerTech
Siemens
SWAY turbine
VENSYS Energy
Vestas Wind Systems

Please note: The report will take approximately 2 business days to prepare and deliver.