Wind Turbine Components Market - North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Forecast 2023-2027

Published: Dec 2022 Pages: 174 SKU: IRTNTR70093

Wind Turbine Components Market – Industry Trends and Forecast 2023

The Global Wind Turbine Components Market size is estimated to grow by USD 39.18 billion between 2022 and 2027  exhibiting a CAGR of 6.76%. The growth of the market depends on several factors, including the rapid growth of the global wind power market, rising investments in clean sources of energy, and the presence of regulations that encourage power generation from renewable sources.

This report extensively covers market segmentation by Application (onshore and offshore), Product (wind turbine rotor blades, wind turbine gearboxes, wind turbine generators, wind turbine towers, and others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the  Wind Turbine Components Market Size During the Forecast Period?

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Wind Turbine Components Market Definition

Wind turbine components include converters, gearboxes, generators, nacelles, rotor blades, rotor hubs, towers, transformers, and other components, which are required for the effective functioning of wind turbines.

Wind turbines harness wind power to convert it into energy. Their blades rotate clockwise to capture energy from the wind. The main shaft, which is triggered by the wind, is connected to the gearbox within the nacelle to enable spin. The gearbox sends the captured energy to the generator, which converts it into electricity. The electricity is then transferred down the tower to a transformer, which adjusts the voltage levels to match with the grid.

Wind Turbine Components Market: Key Drivers, Trends, Challenges

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Wind Turbine Components Market Driver

The rapid growth of the global wind power market is a major factor driving the growth of the market. According to the IEA, the global economy is growing at 3.4% each year, and the global population is forecast to grow from 7.4 billion in 2017 to 9 billion by 2040. Hence, the demand for energy is increasing across the world.

The growth of the global wind power market is driven by Europe and China and the growth of the offshore sector. Onshore wind development has provided several avenues for commercialization due to the advent of sophisticated and innovative electronics and efficient planning and management, which have improved reliability and reduced costs. Offshore wind development has become viable due to the availability of machines that support a capacity of more than 1 MW. The emergence of floating wind turbines has also paved the way for the commercialization of offshore wind power. The commercialization of technologies has intensified the competition between wind power plants and nuclear and fossil fuel power plants. Competitive pricing, the provision for sophisticated grid management, and the availability of affordable power storage drive the growth of the global wind power market. Therefore, the demand for wind turbine components will increase during the forecast period.

Significant Wind Turbine Components Market Trends

The consistently declining cost of wind power is a key wind turbine components market trend. Advancements in technology have led to the development of more efficient turbines, making wind power increasingly cost-effective in many regions. The System Management of Atmospheric Resource through Technology (SMART) strategy focuses on innovations in physics modeling, real-time monitoring, rotor technology, and grid communication to enhance the performance and reliability of wind power plants. Government support, such as the federal wind Production Tax Credit (PTC) and business energy Investment Tax Credit (ITC), provides financial incentives for renewable energy projects. Competitive bidding has also led to lower tariffs for wind power. While the declining cost of wind power may impact vendor profit margins, it is expected to drive the growth of the industry.

Major Wind Turbine Components Market Challenge

Complications associated with materials, control, and storage are a major wind turbine components market challenge. The availability of renewable energy sources, such as wind and solar power, varies across regions, posing a challenge similar to fossil fuels. Market consolidation is occurring as vendors adopt inorganic growth strategies, leading to a concentrated market. The offshore wind market is growing faster than the onshore market due to improved efficiency, but costly infrastructure for storage and transmission is required. Rising transmission and distribution (T&D) costs, coupled with declining wind power costs, may impact profit margins for wind power plant operators. These challenges in materials, control, and storage complicate the growth of the global wind turbine components market.

Market Segmentation by Application, Product, Geography

Application Analysis 

The market share growth by the onshore segment will be significant during the forecast period. Onshore wind power plants generate energy from turbines located on land. Onshore wind power plants are competitive due to the low cost of technology and finance.

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The onshore segment shows a gradual increase in the market share of USD 65.44 billion in 2017 and continued to grow until 2021. Onshore wind power plants, located on land, are becoming increasingly cost-competitive with coal and natural gas in countries like the UK and China. The low cost of technology and finance makes onshore wind power plants competitive. Innovations in advanced technologies have enabled commercialization, such as Vestas' 4 MW platform designed for varying wind conditions. Government support also drives the growth of onshore wind farms, with countries like Germany and Vietnam setting ambitious installation targets. In 2018, 46.8 GW of onshore wind capacity was added globally, with major contributions from China, the US, Germany, India, and Brazil. Support mechanisms like feed-in tariffs and production tax credits play a role in these new installations.

Product Analysis 

Based on the product analysis, the wind turbine towers segment holds the highest market share. The demand for wind turbine towers will grow steadily during the forecast period due to the rising focus on renewable sources of energy across the world. The design of wind turbine towers has evolved, especially on parameters such as shape and size like tubular, concrete, lattice, and guyed pole. Researchers at the Wind Energy Technologies Office (WETO), which is a part of the US Department of Energy (DOE), are developing prototypes with long and tall towers to optimize the performance of power generation.

Regional Analysis

APAC is estimated to contribute 56% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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In 2016, China adopted the 13th Wind Energy Development Five-Year Plan, setting a target of 210 GW of grid-connected wind capacity by 2020. India also aimed to install 60 GW of wind capacity by 2022. However, transmission and grid bottlenecks in China and the transition to competitive auctions in India have posed challenges to market growth in the APAC region. Despite these challenges, rising investments in offshore wind power plants in the Philippines, Thailand, and Taiwan are expected to drive market growth.

The COVID-19 pandemic posed risks in 2020, but with easing restrictions and vaccination drives, wind turbine component manufacturing activities resumed, positively impacting the market. The demand for wind turbines is expected to drive market growth in the region during the forecast period.

Who are the Major Wind Turbine Components Market Vendors?

Vendors are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

Envision Group- The company offers water softeners such as Vantage PTC, Vantage PTC Twin and Vantage PTI High Flow.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including: 

  • China High Speed Transmission Equipment Group Co. Ltd.
  • CS WIND Corp.
  • Dongfang Electric Corp.
  • Emergya Wind Technologies BV
  • EnBW Energie Baden Wurttemberg AG
  • ENERCON GmbH
  • Flender GmbH
  • General Electric Co.
  • ISHIBASHI Manufacturing Co. Ltd.
  • Max Bogl Wind AG
  • Ming Yang Smart Energy Group Ltd.
  • Sinoma Science and Technology Co. Ltd.
  • Suzlon Energy Ltd.
  • TPI Composites Inc.
  • Vestas Wind Systems AS
  • XEMC Darwind BV
  • Xinjiang Goldwind Science and Technology Co. Ltd.
  • ZF Friedrichshafen AG
  • Siemens AG

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Billion, 2017 - 2027)
    • Onshore
    • Offshore
  • Product Outlook (USD Billion, 2017 - 2027)
    • Wind turbine rotor blades
    • Wind turbine gearboxes
    • Wind turbine generators
    • Wind turbine towers
    • Others
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Wind Turbine Components Market Scope

Report Coverage

Details

Page number

174

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.76%

Market growth 2023-2027

USD 39.18 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

5.93

Regional analysis

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

Performing market contribution

APAC at 56%

Key countries

US, China, India, Germany, and Spain

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

China High Speed Transmission Equipment Group Co. Ltd., CS WIND Corp., Dongfang Electric Corp., Emergya Wind Technologies BV, EnBW Energie Baden Wurttemberg AG, ENERCON GmbH, Envision Group, Flender GmbH, General Electric Co., ISHIBASHI Manufacturing Co. Ltd., Max Bogl Wind AG, Ming Yang Smart Energy Group Ltd., Sinoma Science and Technology Co. Ltd., Suzlon Energy Ltd., TPI Composites Inc., Vestas Wind Systems AS, XEMC Darwind BV, Xinjiang Goldwind Science and Technology Co. Ltd., ZF Friedrichshafen AG, and Siemens AG

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, Market condition analysis for 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 Turbine Components Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of wind turbine components 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 Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global Wind Turbine Components Market 2023-2027 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global Wind Turbine Components Market 2023-2027 2017 - 2021 ($ billion)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Onshore - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Onshore - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Onshore - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Onshore - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Onshore - Year-over-year growth 2022-2027 (%)
    • 6.4 Offshore - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Offshore - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Offshore - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Offshore - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Offshore - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ billion)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 43: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 45: Chart on Comparison by Product
      • Exhibit 46: Data Table on Comparison by Product
    • 7.3 Wind turbine rotor blades - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Wind turbine rotor blades - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Data Table on Wind turbine rotor blades - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Chart on Wind turbine rotor blades - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Wind turbine rotor blades - Year-over-year growth 2022-2027 (%)
    • 7.4 Wind turbine gearboxes - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Wind turbine gearboxes - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Wind turbine gearboxes - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Wind turbine gearboxes - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Wind turbine gearboxes - Year-over-year growth 2022-2027 (%)
    • 7.5 Wind turbine generators - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Wind turbine generators - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on Wind turbine generators - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on Wind turbine generators - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Wind turbine generators - Year-over-year growth 2022-2027 (%)
    • 7.6 Wind turbine towers - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Wind turbine towers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Wind turbine towers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Wind turbine towers - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Wind turbine towers - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Product
      • Exhibit 67: Market opportunity by Product ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 105: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 Spain - Market size and forecast 2022-2027
      • Exhibit 109: Chart on Spain - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 110: Data Table on Spain - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 111: Chart on Spain - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on Spain - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 China High Speed Transmission Equipment Group Co. Ltd.
              • Exhibit 120: China High Speed Transmission Equipment Group Co. Ltd. - Overview
              • Exhibit 121: China High Speed Transmission Equipment Group Co. Ltd. - Product / Service
              • Exhibit 122: China High Speed Transmission Equipment Group Co. Ltd. - Key offerings
            • 12.4 CS WIND Corp.
              • Exhibit 123: CS WIND Corp. - Overview
              • Exhibit 124: CS WIND Corp. - Product / Service
              • Exhibit 125: CS WIND Corp. - Key offerings
            • 12.5 Dongfang Electric Corp.
              • Exhibit 126: Dongfang Electric Corp. - Overview
              • Exhibit 127: Dongfang Electric Corp. - Product / Service
              • Exhibit 128: Dongfang Electric Corp. - Key offerings
            • 12.6 Emergya Wind Technologies BV
              • Exhibit 129: Emergya Wind Technologies BV - Overview
              • Exhibit 130: Emergya Wind Technologies BV - Product / Service
              • Exhibit 131: Emergya Wind Technologies BV - Key offerings
            • 12.7 EnBW Energie Baden Wurttemberg AG
              • Exhibit 132: EnBW Energie Baden Wurttemberg AG - Overview
              • Exhibit 133: EnBW Energie Baden Wurttemberg AG - Business segments
              • Exhibit 134: EnBW Energie Baden Wurttemberg AG - Key offerings
              • Exhibit 135: EnBW Energie Baden Wurttemberg AG - Segment focus
            • 12.8 ENERCON GmbH
              • Exhibit 136: ENERCON GmbH - Overview
              • Exhibit 137: ENERCON GmbH - Product / Service
              • Exhibit 138: ENERCON GmbH - Key offerings
            • 12.9 Envision Group
              • Exhibit 139: Envision Group - Overview
              • Exhibit 140: Envision Group - Product / Service
              • Exhibit 141: Envision Group - Key offerings
            • 12.10 Flender GmbH
              • Exhibit 142: Flender GmbH - Overview
              • Exhibit 143: Flender GmbH - Product / Service
              • Exhibit 144: Flender GmbH - Key offerings
            • 12.11 General Electric Co.
              • Exhibit 145: General Electric Co. - Overview
              • Exhibit 146: General Electric Co. - Business segments
              • Exhibit 147: General Electric Co. - Key news
              • Exhibit 148: General Electric Co. - Key offerings
              • Exhibit 149: General Electric Co. - Segment focus
            • 12.12 ISHIBASHI Manufacturing Co. Ltd.
              • Exhibit 150: ISHIBASHI Manufacturing Co. Ltd. - Overview
              • Exhibit 151: ISHIBASHI Manufacturing Co. Ltd. - Product / Service
              • Exhibit 152: ISHIBASHI Manufacturing Co. Ltd. - Key offerings
            • 12.13 Max Bogl Wind AG
              • Exhibit 153: Max Bogl Wind AG - Overview
              • Exhibit 154: Max Bogl Wind AG - Product / Service
              • Exhibit 155: Max Bogl Wind AG - Key offerings
            • 12.14 Ming Yang Smart Energy Group Ltd.
              • Exhibit 156: Ming Yang Smart Energy Group Ltd. - Overview
              • Exhibit 157: Ming Yang Smart Energy Group Ltd. - Product / Service
              • Exhibit 158: Ming Yang Smart Energy Group Ltd. - Key offerings
            • 12.15 Siemens AG
              • Exhibit 159: Siemens AG - Overview
              • Exhibit 160: Siemens AG - Business segments
              • Exhibit 161: Siemens AG - Key news
              • Exhibit 162: Siemens AG - Key offerings
              • Exhibit 163: Siemens AG - Segment focus
            • 12.16 Sinoma Science and Technology Co. Ltd.
              • Exhibit 164: Sinoma Science and Technology Co. Ltd. - Overview
              • Exhibit 165: Sinoma Science and Technology Co. Ltd. - Product / Service
              • Exhibit 166: Sinoma Science and Technology Co. Ltd. - Key offerings
            • 12.17 Suzlon Energy Ltd.
              • Exhibit 167: Suzlon Energy Ltd. - Overview
              • Exhibit 168: Suzlon Energy Ltd. - Business segments
              • Exhibit 169: Suzlon Energy Ltd. - Key offerings
              • Exhibit 170: Suzlon Energy Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 171: Inclusions checklist
                • Exhibit 172: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 173: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 174: Research methodology
                • Exhibit 175: Validation techniques employed for market sizing
                • Exhibit 176: Information sources
              • 13.5 List of abbreviations
                • Exhibit 177: 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.

              INFORMATION 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

              DATA 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

              REPORT 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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              Key Questions Answered

              • 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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