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The wind turbine market is projected to grow by USD 31.36 billion with a CAGR of 6.40%, during the forecast period 2021 to 2026.
The 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 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.
Acciona SA - The company is involved in the development, construction, operation, and maintenance of wind power facilities such as wind turbines. The energy segment plays a key role in the transition from the current energy model to a decarbonized economy to ensure a secure supply of electricity, which is environmentally friendly and cost-competitive.
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Technavio categorizes the global wind turbine market as a part of the global renewable electricity market within the global independent power and renewable electricity market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the wind turbine market during the forecast period.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Wind Turbine Market Driver
Key Wind Turbine Market Challenge
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.
Our In-house experts produce extensive information on the value chain and parent market of the wind turbine market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
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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. Market growth in this region will be faster than the growth of the market in other regions. 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.
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The wind turbine market share growth by the onshore segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the wind turbine market size and actionable market insights on the post-COVID-19 impact on each segment.
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 countries |
China, US, Germany, India, and Spain |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key 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 recovery analysis 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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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