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Wind Energy Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Oct 2022
  • Pages: 125
  • SKU: IRTNTR74665
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The wind energy market share is expected to increase by USD 41.75 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.75%.

This wind power market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the wind energy market segmentation by type (onshore and offshore) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The wind energy market report also offers information on several market vendors, including ABB Ltd., Acciona SA, Adani Green Energy Ltd., Ameresco Inc., EDF Renewables, General Electric Co., Inox Wind Ltd., LM Wind Power, Nextera Energy Inc., Northland Power Inc., Orsted AS, ReGen Powertech Pvt Ltd., Renewable Energy Systems Ltd., SB WIND ENERGY, Siemens Gamesa Renewable Energy SA, Sinovel Wind Group Co. Ltd., Suzlon Energy Ltd, Tata Power Co. Ltd., Vensys Energy AG, and Vestas Wind Systems AS among others.

What will the Wind Energy Market Size be During the Forecast Period?

Wind Energy Market Size

Download Report Sample to Unlock the Wind Energy Market Size for the Forecast Period and Other Important Statistics

 

Wind Energy Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges market for the global wind energy market.

Key Wind Energy Market Driver

The need for sustainable energy and increasing focus on energy security is a key factor driving the global wind energy market growth. The dependence on fossil fuels, right from power generation to generating heat for the motive force, is high. However, the reserves of fossil fuels are limited. The global population is growing, which has resulted in increased industrial and economic activity. Most of the power is generated from fossil fuels, which also have an adverse impact on the environment. Globally, the primary source of generating electricity has been fossil fuels, which account for more than 65% of the share. However, the reserves of fossil fuels are limited, and the use of fossil fuels causes greenhouse gas (GHG) emissions, which affect the environment. Therefore, the need to have a sustainable source of energy that does not affect the environment has resulted in the use of alternative sources to generate electricity. Such factors have increased the demand for wind energy, which will drive the growth of the global wind energy market during the forecast period.

Key Wind Energy Market Trend

Technological developments in the wind energy industry will fuel the global wind energy market growth. Globally, each year, the number of wind energy-related patents and patents that are specific to offshore wind plants is increasing. Most of these patents are held by the US, the European Union (EU), and China. The increase in the number of patents indicates the new technologies that may be made available in the future, which will help shape the renewable energy industry. Onshore wind power has already reached similar levels as conventional power generation technologies in terms of the cost of generation. Hence, the focus is expected to shift to offshore wind power. Ongoing innovations in the renewable energy industry will help reduce the cost and improve access to and harness the wind in deep water regions. This will open up new markets, which will increase the demand for wind power in the grid, and, in turn, will fuel the growth of the regional wind energy market. Such factors are expected to drive the growth of the market focus during the forecast period.

Key Wind Energy Market Challenge

The competition from fossil fuels is a challenge to the global wind energy market growth. In 2021, the share of renewable energy in global primary energy consumption was 29%, which grew from 27% in 2019; of this, wind energy accounted for 17% of global primary energy consumption. Between 2001 and 2021, the share of wind power in the global electricity generation mix increased steadily at a double-digit growth rate. However, the share of wind power is low when compared with the global production of electricity. In countries that have coal reserves in abundance, governments do not prefer to replace coal-based electricity with expensive renewable energy sources, such as wind power. Owing to the lack of investments, numerous developing countries are unable to increase their wind power generation capacity. Owing to the lack of stable and supportive government policies and competition from conventional and other renewable sources, the cost of wind power generation is high. For instance, Indonesia is a prospective market for wind power generation. However, wind power generating companies in the country face challenges when installing wind turbines due to the lack of government tariffs and support, which affects their profit. The above factors will hinder the market growth during the forecast period.

This wind energy market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global wind energy market as a part of the global renewable electricity market within the global independent power and renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the wind energy market during the forecast period.

Who are the Major Wind Energy Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • ABB Ltd.
  • Acciona SA
  • Adani Green Energy Ltd.
  • Ameresco Inc.
  • EDF Renewables
  • General Electric Co.
  • Inox Wind Ltd.
  • LM Wind Power
  • Nextera Energy Inc.
  • Northland Power Inc.
  • Orsted AS
  • ReGen Powertech Pvt Ltd.
  • Renewable Energy Systems Ltd.
  • SB WIND ENERGY
  • Siemens Gamesa Renewable Energy SA
  • Sinovel Wind Group Co. Ltd.
  • Suzlon Energy Ltd
  • Tata Power Co. Ltd.
  • Vensys Energy AG
  • Vestas Wind Systems AS

This statistical study of the wind energy market encompasses successful business strategies deployed by the key vendors. The wind power market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this report provides a detailed analysis of several leading Companies.

Wind Energy Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the wind energy market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and the evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global independent power and renewable electricity market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Wind Energy Market?

Wind Energy Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

53% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the wind power market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The need for sustainable energy and the increasing focus on energy security will facilitate the wind energy market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2020 and 2021, the COVID-19 pandemic in APAC disrupted various industry verticals, including the renewable energy industry. Numerous wind power projects in the region were postponed or canceled due to lockdowns in various countries, such as India, China, South Korea, and Japan. However, in 2021, the initiation of large-scale vaccination drives and various government initiatives resulted in the resumption of operations in manufacturing hubs after the lifting of lockdown measures, and the increased preference for sustainable power sources will proliferate the growth of the regional market during the forecast period. This will drive the growth of the regional wind energy market during the forecast period.

What are the Revenue-generating Type Segments in the Wind Energy Market?

Wind Energy Market Share

To gain further insights on the market contribution of various segments Request a PDF Sample

The wind energy market share growth by the onshore segment will be significant during the forecast period. In the past decade, technological progress has enabled wind power project operators to cut down the costs of new onshore wind power projects by half globally. Production costs have declined for the most efficient onshore wind power projects globally. This has made wind power the most economical source of power generation. Furthermore, globally various governments have set targets to increase onshore wind energy generation.

This report provides an accurate prediction of the contribution of all the segments to the growth of the wind energy market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Wind Energy Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.75%

Market growth 2022-2026

$41.75 billion

Market structure

Fragmented

YoY growth (%)

6.67

Regional analysis

APAC, North America, Europe, South America, and the Middle East and Africa

Performing market contribution

APAC at 53%

Key consumer countries

US, Canada, China, Japan, and India

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Acciona SA, Adani Green Energy Ltd., Ameresco Inc., EDF Renewables, General Electric Co., Inox Wind Ltd., LM Wind Power, Nextera Energy Inc., Northland Power Inc., Orsted AS, ReGen Powertech Pvt Ltd., Renewable Energy Systems Ltd., SB WIND ENERGY, Siemens Gamesa Renewable Energy SA, Sinovel Wind Group Co. Ltd., Suzlon Energy Ltd, Tata Power Co. Ltd., Vensys Energy AG, and Vestas Wind Systems AS

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID -19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Wind Energy Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive wind energy market growth during the next five years
  • Precise estimation of the wind energy market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wind energy industry across APAC, North America, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wind energy market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Onshore - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Onshore - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Onshore - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Onshore - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Onshore - Year-over-year growth 2021-2026 (%)
    • 5.4 Offshore - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Offshore - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Offshore - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Offshore - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Offshore - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 36: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Canada - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 89: ABB Ltd. - Overview
              • Exhibit 90: ABB Ltd. - Business segments
              • Exhibit 91: ABB Ltd. - Key news
              • Exhibit 92: ABB Ltd. - Key offerings
              • Exhibit 93: ABB Ltd. - Segment focus
            • 10.4 Acciona SA
              • Exhibit 94: Acciona SA - Overview
              • Exhibit 95: Acciona SA - Business segments
              • Exhibit 96: Acciona SA - Key news
              • Exhibit 97: Acciona SA - Key offerings
              • Exhibit 98: Acciona SA - Segment focus
            • 10.5 EDF Renewables
              • Exhibit 99: EDF Renewables - Overview
              • Exhibit 100: EDF Renewables - Product / Service
              • Exhibit 101: EDF Renewables - Key offerings
            • 10.6 General Electric Co.
              • Exhibit 102: General Electric Co. - Overview
              • Exhibit 103: General Electric Co. - Business segments
              • Exhibit 104: General Electric Co. - Key news
              • Exhibit 105: General Electric Co. - Key offerings
              • Exhibit 106: General Electric Co. - Segment focus
            • 10.7 Nextera Energy Inc.
              • Exhibit 107: Nextera Energy Inc. - Overview
              • Exhibit 108: Nextera Energy Inc. - Business segments
              • Exhibit 109: Nextera Energy Inc. - Key news
              • Exhibit 110: Nextera Energy Inc. - Key offerings
              • Exhibit 111: Nextera Energy Inc. - Segment focus
            • 10.8 ReGen Powertech Pvt Ltd.
              • Exhibit 112: ReGen Powertech Pvt Ltd. - Overview
              • Exhibit 113: ReGen Powertech Pvt Ltd. - Product / Service
              • Exhibit 114: ReGen Powertech Pvt Ltd. - Key offerings
            • 10.9 Sinovel Wind Group Co. Ltd.
              • Exhibit 115: Sinovel Wind Group Co. Ltd. - Overview
              • Exhibit 116: Sinovel Wind Group Co. Ltd. - Product / Service
              • Exhibit 117: Sinovel Wind Group Co. Ltd. - Key offerings
            • 10.10 Suzlon Energy Ltd
              • Exhibit 118: Suzlon Energy Ltd - Overview
              • Exhibit 119: Suzlon Energy Ltd - Business segments
              • Exhibit 120: Suzlon Energy Ltd - Key offerings
              • Exhibit 121: Suzlon Energy Ltd - Segment focus
            • 10.11 Vensys Energy AG
              • Exhibit 122: Vensys Energy AG - Overview
              • Exhibit 123: Vensys Energy AG - Product / Service
              • Exhibit 124: Vensys Energy AG - Key offerings
            • 10.12 Vestas Wind Systems AS
              • Exhibit 125: Vestas Wind Systems AS - Overview
              • Exhibit 126: Vestas Wind Systems AS - Business segments
              • Exhibit 127: Vestas Wind Systems AS - Key news
              • Exhibit 128: Vestas Wind Systems AS - Key offerings
              • Exhibit 129: Vestas Wind Systems AS - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 130: Inclusions checklist
                • Exhibit 131: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 132: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 133: Research methodology
                • Exhibit 134: Validation techniques employed for market sizing
                • Exhibit 135: Information sources
              • 11.5 List of abbreviations
                • Exhibit 136: 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
              Technavio

              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
              Technavio

              TechnavioREPORT WRITING

              Qualitative

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

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
              Get your sample now!
              Wind Energy market growth will increase by $41758.23 million during 2022-2026.
              The wind energy market is expected to grow at a CAGR of 7.75% during 2022-2026.
              Technavio has segmented the wind energy market by type (Onshore and Offshore) and geography (APAC, North America, Europe, South America, and Middle East and Africa).
              ABB Ltd., Acciona SA, Adani Green Energy Ltd., Ameresco Inc., EDF Renewables, General Electric Co., Inox Wind Ltd., LM Wind Power, Nextera Energy Inc., Northland Power Inc., Orsted AS, ReGen Powertech Pvt Ltd., Renewable Energy Systems Ltd., SB WIND ENERGY, Siemens Gamesa Renewable Energy SA, Sinovel Wind Group Co. Ltd., Suzlon Energy Ltd, Tata Power Co. Ltd., Vensys Energy AG, Vestas Wind Systems AS are a few of the key vendors in the wind energy market.
              APAC will register the highest growth rate of 53.06% among the other regions. Therefore, the wind energy market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Canada
              • China
              • Japan
              • India
              The key factors driving the wind energy market growth are:
              • Need for sustainable energy and increasing focus on energy security
              • Technological developments in wind energy
              The wind energy market vendors should focus on grabbing business opportunities from the onshore segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Five-force market analysis

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