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

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71295
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The wind turbine market share should rise by USD 31.36 billion from 2022 to 2026 at a CAGR of 6.40%.

This wind turbine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (onshore and offshore) and geography (APAC, Europe, North America, MEA, and South America). The wind turbine market report also offers information on several market vendors, including Acciona SA, Bergey Wind Power Co., E.ON UK Plc., Eaton Corp. Plc, ENERCON GmbH, Envision Energy USA Ltd., General Electric Co., Hitachi Ltd., Siemens Gamesa Renewable Energy SA, and Vestas Wind System AS among others.

What will the Wind Turbine Market Size be in 2022?

To Unlock the Wind Turbine Market Size for 2022 and Other Important Statistics, Download the Free Report Sample!

Wind Turbine Market: Key Drivers and Trends

The economical and efficient renewable energy resource is notably driving the wind turbine market growth, although factors such as increasing adoption of alternate energy sources may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the wind turbine industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This wind turbine 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.

Who are the Major Wind Turbine Market Vendors?

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

 

  • Acciona SA
  • Bergey Wind Power Co.
  • E.ON UK Plc.
  • Eaton Corp. Plc
  • ENERCON GmbH
  • Envision Energy USA Ltd.
  • General Electric Co.
  • Hitachi Ltd.
  • Siemens Gamesa Renewable Energy SA
  • Vestas Wind System AS

 

The vendor landscape of the wind turbine market entails successful business strategies deployed by the vendors. The wind turbine market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from 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.

Download a free sample of the wind turbine market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Wind Turbine Market?

For more insights on the market share of various regions Request for a FREE sample now!

35% of the market’s growth will originate from Europe during the forecast period. Germany and Spain are the key markets for wind turbines in Europe. 

The report offers an up-to-date analysis of the geographical composition of the market. Europe has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increase in wind installation capacity will facilitate the wind turbine market growth in Europe over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

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

To gain further insights on the market contribution of various segments Request for a FREE sample

The wind turbine market share growth by the onshore segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2022-2026 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the wind turbine market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Wind Turbine Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 6.40%

Market growth 2022-2026

$ 31.36 billion

Market structure

Fragmented

YoY growth (%)

8.97

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

Europe at 35%

Key consumer countries

China, US, Germany, India, and Spain

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Acciona SA, Bergey Wind Power Co., E.ON UK Plc., Eaton Corp. Plc, ENERCON GmbH, Envision Energy USA Ltd., General Electric Co., Hitachi Ltd., Siemens Gamesa Renewable Energy SA, and Vestas Wind System AS

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, 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.

Request for a FREE sample

What are the Key Factors Covered in this Wind Turbine Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive wind turbine market growth during the next five years
  • Precise estimation of the wind turbine market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wind turbine market across APAC, Europe, North America, MEA, and South America 
  • 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 turbine market vendors

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

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

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

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Onshore - Market size and forecast 2021-2026
    • Offshore - Market size and forecast 2021-2026
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Acciona SA
      • Bergey Wind Power Co.
      • E.ON UK Plc.
      • Eaton Corp. Plc
      • ENERCON GmbH
      • Envision Energy USA Ltd.
      • General Electric Co.
      • Hitachi Ltd.
      • Siemens Gamesa Renewable Energy SA
      • Vestas Wind System AS

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • 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 FREE sample now!
      The wind turbine market growth will increase by $31.36 billion during 2021-2026.
      The wind turbine market is expected to grow at a CAGR of 6.4% during 2021-2026.
      Technavio has segmented the wind turbine market by type (Onshore and Offshore) and geographic (APAC, Europe, North America, MEA, and South America).
      Acciona SA, Bergey Wind Power Co., E.ON UK Plc., Eaton Corp. Plc, ENERCON GmbH, Envision Energy USA Ltd., General Electric Co., Hitachi Ltd., Siemens Gamesa Renewable Energy SA, Vestas Wind System AS are a few of the key vendors in the wind turbine market.
      Europe will register the highest growth rate of 34.89% among the other regions. Therefore, the wind turbine market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • Germany
      • India
      • Spain
      The key factors driving the wind turbine market growth are:
      • Economical and efficient renewable energy resource
      The wind turbine market vendors should focus on grabbing business opportunities from the onshore segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Utilities
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>