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Global Wind Turbine Generator Market 2017-2021

  • Published: May 2017
  • Pages: 70
  • SKU: IRTNTR13075
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This market research study identifies ABB, Gamesa, GE Renewable Energy, SANY, and Suzlon as the leading players in the global wind turbine generator market. A comprehensive analysis of this market is also presented by the application (offshore and onshore) and by geography (the Americas, APAC, and EMEA).

Overview of the global wind turbine generator market

As per the Technavio’s market research report, the global wind turbine generator market is expected to grow at a steady rate and post a CAGR of more than 5% during the forecast period. The rising number of supportive regulatory policies for wind energy projects will drive the growth prospects for the global wind turbine generator market until the end of 2021. The governments in many countries are increasingly supporting wind energy projects through favorable policies such as feed-in tariff (FiT) policy, which, in turn, will encourage investments in technologies related to renewable energy generation, positively impacting the global wind turbine generator market. These policies cover various aspects of the wind energy industry such as eligibility, bonuses, and various other grants. Also, aspects such as the rising awareness related to the potential and long-term benefits of utilizing wind energy, the emergence of hydropower as a source of renewable energy, drastic weather changes, and ongoing droughts across various countries, will further drive the market’s growth.

The growing number of research and developmental activities in direct-drive generators for wind turbines is one of the key trends that will accelerate the growth of the market. Technological advancements such as the direct-train technology eliminates the need for a gearbox and are lighter in weight. Also, since these direct-drive turbines involve low maintenance, they are considered as the future of offshore wind turbines.

Competitive landscape and key vendors

The wind turbine generator market is highly diversified due to the presence of a large number of international and regional vendors. These vendors are increasingly competing against each other based on factors such as price and quality of the products offered and market presence. The market comprises of in-house manufacturers that are increasingly focusing on low-cost products that have high efficiency and are lightweight to enhance their overall service. Furthermore, some vendors are taking efforts to gain higher market shares by adopting mergers and acquisition strategies, establishing partnerships, and launching effective products.

Key vendors in this market are -

  • ABB
  • Gamesa
  • GE Renewable Energy
  • SANY
  • Suzlon

Other prominent vendors in the market include AVANTIS Energy, Bora Energy, EWT B.V., Goldwind Science & Technology, LEITNER AG, NORDEX, ReGen PowerTech, Siemens, SWAY turbine, VENSYS Energy, and Vestas Wind Systems.

Segmentation by application and analysis of the wind turbine generator market

  • Offshore
  • Onshore

During 2016, the onshore segment dominated the wind turbine generator market and is expected to continue its dominance over the next four years as well. The need for lesser capital investment compared to the offshore segment will be the major factor driving the growth of the online segment in the coming years. Moreover, the focus of countries such as China to install a number of wind power generators and turbines during the forecast period, will also fuel the growth of the market in this segment.  

Segmentation by geography and analysis of the wind turbine generator market

  • Americas
  • APAC
  • EMEA

In terms of geography, APAC led the global wind turbine generator market during 2016 and is foreseen to continue the domination during the forecast period as well. The increased focus of countries in this region towards renewable energy such as wind power will be one of the major factors driving the growth of the market. China and India will be the major revenue contributors to the market in APAC in the coming years.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global wind turbine generator market?
  • What are the key market trends impacting the growth of the global wind turbine generator market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global wind turbine generator market?
  • What are the market opportunities and threats faced by the vendors in the global wind turbine generator market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global wind turbine generator market?

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Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline
  • Wind turbine components
  • Wind turbine technology value chain

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by application

  • Global wind turbine generator market by application
  • Global onshore wind turbine generator market
  • Global offshore wind turbine generator market

PART 07: Geographical segmentation

  • Global wind turbine generator market by geography
  • Wind turbine generator market in APAC
  • Wind turbine generator market in EMEA
  • Wind turbine generator market in the Americas

PART 08: Decision framework

PART 09: Drivers and challenges

  • Market drivers
  • Market challenges

PART 10: Market trends

  • Rise in patent filings
  • R&D in direct-drive generators for wind turbines
  • Rise in offshore installations

PART 11: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 12: Key vendor analysis

  • ABB
  • Gamesa
  • GE Renewable Energy
  • SANY
  • Suzlon

PART 13: 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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