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Global Wind Power Systems Market 2018-2022

  • Published: Apr 2018
  • Pages: 80
  • SKU: IRTNTR21256
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The global wind power systems market size will grow by USD 38.96 billion during 2018-2022. This report offers an analysis of the market based on technology (wind turbine, T&D, and others) and geography (Americas, APAC, and EMEA). The wind power systems market research report further analyzes the market’s competitive landscape and offers information on several companies including GENERAL ELECTRIC, Nexans, Prysmian Group, SIEMENS GAMESA RENEWABLE ENERGY, Vestas, and Xinjiang Goldwind Science & Technology.

Below are some of the key findings from the wind power systems market research report

 

Wind Power Systems Market

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Global wind power systems industry overview

The growing investments in renewable energy sources like solar energy, wind energy and others will be the most crucial factor driving the wind power systems market growth during the next few years. The overall cost of generating electricity from renewable energy sources is higher than generating electricity from conventional sources. Subsequently, significant investments are being made to develop technology to efficiently generate electricity from different renewable energy sources. Lower carbon emissions and competitive cost of generating electricity have also encouraged investments in energy generation from renewable sources. Of all the renewable energy generation technologies, solar and wind power have the highest renewable capacity addition share. This share is growing further and has increased the demand for wind power systems.  

The growth in the number of offshore wind installations is one of the key wind power systems market trends, which will further propel the market growth. The number of global offshore installations is lower than onshore wind power plants due to challenges like high installation cost, high complexity, and expensive maintenance operations. New cost reduction strategies have encouraged several countries to invest in offshore wind installations. The US, Germany, South Korea, and India are expected to start offshore projects during the forecast period. The wind power systems market forecast predicts that fueled by these factors, the wind power systems market is projected to grow at a CAGR of almost 6% during the forecast period.

Top wind power systems companies covered in this market research report

The wind power systems market is moderately fragmented. The market is in its initial stage, where several international and regional companies are competing for higher market share, making the market highly competitive. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this wind power systems industry analysis report is designed to aid clients to identify new growth opportunities and frame new growth strategies.

The report offers a complete analysis of various companies including:

  • GENERAL ELECTRIC
  • Nexans
  • Prysmian Group
  • SIEMENS GAMESA RENEWABLE ENERGY
  • Vestas
  • Xinjiang Goldwind Science & Technology

Wind power systems market segmentation based on geographic regions

  • Americas
  • APAC
  • EMEA

The APAC region will account for the largest wind power systems market share and the highest incremental growth throughout the forecast period. Factors such as the growing population and increased standard of living are leading to the high demand for energy in the APAC region. In 2016, nearly half of all new wind power installations across the world was from APAC.

Wind power systems market segmentation based on technology

  • Wind turbine
  • T&D
  • Others

The wind turbine technology segment will continue to dominate the wind power systems market share. The T&D segment will account for the highest incremental growth in terms of market share. Additionally, the report will provide an accurate prediction of the contribution of the various products segments to the growth of the wind power systems market size.

Key highlights of the global wind power systems market for the forecast years 2018-2022:

  • CAGR of the market during the forecast period 2018-2022
  • Detailed information on factors that will accelerate the growth of the wind power systems market during the next five years
  • Precise estimation of the global wind power systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wind power systems industry across the Americas, APAC, and EMEA
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details on the factors that will challenge the growth of the wind power systems companies

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: MARKET SEGMENTATION BY TECHNOLOGY

  • Segmentation by technology
  • Comparison by technology
  • Wind turbine – Market size and forecast 2017-2022
  • T&D – Market size and forecast 2017-2022
  • Others – Market size and forecast 2017-2022
  • Market opportunity by technology

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • APAC – Market size and forecast 2017-2022
  • EMEA – Market size and forecast 2017-2022
  • Americas – Market size and forecast 2017-2022
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Global energy transition
  • Increase in number of offshore wind installations
  • Technological developments in wind energy
  • Development of AWES

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • GENERAL ELECTRIC
  • Nexans
  • Prysmian Group
  • SIEMENS GAMESA RENEWABLE ENERGY
  • Vestas
  • Xinjiang Goldwind Science & Technology

PART 15: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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