The Wind Turbine Market Report 2019-2023 focuses on the global Wind Turbine status, future forecast, growth opportunity, key market, and key players.
The Wind Turbine Market report studies the global market size of Wind Turbine in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Wind Turbine in these regions. This research report categorizes the global Wind Turbine market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.
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The various contributors involved in the value chain of Wind Turbine include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- ACCIONA Windpower
- aerodyn Energiesysteme GmbH
- Enercon Services Inc.
- Envision Energy
- General Electric Company
- Guodian United Power Technology Company Limited
- Ming Yang Wind Power Group Limited
- Senvion SA
- Siemens Gamesa Renewable Energy
- Suzlon Energy Limited
- United Power
- Vestas Wind Systems AS
- Winergy AG
- DongFang Electric
Overview of Wind Turbine Market Research Report 2019-2023:-
The usage of wind energy as a source of electricity generation has attracted exceptional demand across regions. In 2017, the total wind power installation capacity remained above 50 GW, with Europe and Asia-Pacific regions, witnessing record high. Although most of the wind energy is currently obtained onshore, offshore wind farms are gaining wide popularity as a larger resource area with low environmental impact, which in turn, is expected to significantly increase the demand for the wind turbine, during the forecast period, 2019-2023. On the flip side, the price drops for wind energy is expected to have an adverse effect on the profits margin for the entire supply chain of the wind turbine market.
Offshore Wind Farms an Opportunity for Growth
The offshore wind farm industry has progressed significantly since the installation of the first offshore wind farm in 1991, by Elkraft (now DONG Energy) at Vindeby, Denmark. Technological advancements have reduced considerably the associated risks and the cost of electricity generation from offshore wind farms, which in turn, have attracted interests globally. The global installed capacity of offshore wind capacity reached approximately 14,384 megawatts (MW) in 2016. Although, 90% of the all offshore wind installations are in European waters, the governments outside of the European region, such as in the country of China, Japan, South Korea, Taiwan, and the US, have set ambitious targets for the installation of offshore wind farms in their territorial waters. Similar investments are expected to be replicated across other countries as well, during the forecast period, which in turn, is expected to offer enormous potential for growth for the wind turbine manufacturers and suppliers.
Asia-Pacific to Register High Growth
The Asia-Pacific region is ramping up its wind energy production, to meet up with its growing energy needs and in a bid to limit smog-causing pollution from coal plants and act on climate change. In 2016 China overtook Europe as the worldâs largest regional wind market, installing half of all the new wind capacity additions worldwide. Similarly, in India, the wind power capability is expected to be ramped up to 185 GW â an eight-fold increase over 15 years from 2015, and to contribute approximately 14% of Indiaâs renewable energy use. Similar huge investments are also expected to be scaled up in countries, such as South Korea and Japan, which would further supplement the demand for wind turbine installation in the region, during the forecast period.
US to Register High Growth Rate
Wind power capacity in the United States endured strong growth in 2016, driven by improvements in the performance and cost of wind power technologies, resulting in lower power sales prices for utility, corporate, and other purchasers. The US added 8,203 megawatts of new wind power capacity in 2016, representing 27% of all energy capacity additions in 2016, and is expected to register similar growth during the forecast period. Similarly, the US added its first commercial offshore wind farm in 2016. Factors, such as stronger state policy commitments coupled with decreasing offshore wind farms installation costs and risks are expected to be a significant morale booster for the US offshore wind market players, and in turn, would supplement the numbers of offshore wind farm projects. The growing focus on the deployment of both onshore and offshore wind farms in the US is expected to significantly strengthen the demand for the wind turbine, during the forecast period.
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Reasons to Purchase this ReportCurrent and future of the wind turbine market outlook in the developed and emerging marketsAnalyzing various perspectives of the market with the help of Porterâs five forces analysisThe segment that is expected to dominate the marketRegions that are expected to witness fastest growth during the forecast periodIdentifying the latest developments, market shares and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet in excel
Key questions answered in the Wind Turbine Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Wind Turbine market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of Wind Turbine Market Research Report 2019-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
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