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Wind Turbine Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

Published : Sep 2023

Report ID: ARC3359

Pages : 250

Format : Wind Turbine Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

CHAPTER 1. Industry Overview of Wind Turbine Market

1.1. Definition and Scope

1.1.1. Definition of Wind Turbine

1.1.2. Market Segmentation

1.1.3. Years Considered for the Study

1.1.4. Assumptions and Acronyms Used

1.1.4.1. Market Assumptions and Market Forecast

1.1.4.2. Acronyms Used in Global Wind Turbine Market

1.2. Summary

1.2.1. Executive Summary 

1.2.2. Wind Turbine Market By Axis Type

1.2.3. Wind Turbine Market By Component

1.2.4. Wind Turbine Market By Installation

1.2.5. Wind Turbine Market By Application

1.2.6. Wind Turbine Market By Region

CHAPTER 2. Research Approach

2.1. Methodology 

2.1.1. Research Programs

2.1.2. Market Size Estimation

2.1.3. Market Breakdown and Data Triangulation

2.2. Data Source

2.2.1. Secondary Source

2.2.2. Primary Source

CHAPTER 3. Market Dynamics And Competition Analysis

3.1. Market Drivers

3.1.1. Driver 1

3.1.2. Driver 2

3.2. Restraints and Challenges

3.2.1. Restraint 1

3.2.2. Restraint 2

3.3. Growth Opportunities

3.3.1. Opportunity 1

3.3.2. Opportunity 2 

3.4. Porter’s Five Forces Analysis

3.4.1. Bargaining Power of Suppliers

3.4.2. Bargaining Power of Buyers

3.4.3. Threat of Substitute

3.4.4. Threat of New Entrants

3.4.5. Degree of Competition

3.5. Market Concentration Ratio and Market Maturity Analysis of Wind Turbine Market

3.5.1. Go To Market Strategy

3.5.1.1. Introduction

3.5.1.2. Growth

3.5.1.3. Maturity

3.5.1.4. Saturation

3.5.1.5. Possible Development

3.6. Technological Roadmap for Wind Turbine Market

3.7. Value Chain Analysis

3.7.1. List of Key Manufacturers 

3.7.2. List of Customers

3.7.3. Level of Integration

3.8. Price Trend of Key Raw Material

3.8.1. Raw Material Suppliers

3.8.2. Proportion of Manufacturing Cost Structure

3.8.2.1. Raw Material

3.8.2.2. Labor Cost

3.8.2.3. Manufacturing Expense

3.9. Regulatory Compliance

3.10. Competitive Landscape, 2022

3.10.1. Player Positioning Analysis

3.10.2. Key Strategies Adopted By Leading Players

CHAPTER 4. Manufacturing Plant Analysis

4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2022

4.2. R&D Status of Major Manufacturers in 2022

CHAPTER 5. Wind Turbine Market By Axis Type

5.1. Introduction

5.2. Wind Turbine Revenue By Axis Type

5.2.1. Wind Turbine Revenue (USD Billion) and Forecast, By Axis Type, 2020-2032

5.2.2. Vertical

5.2.2.1. Vertical Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.3. Horizontal

5.2.3.1. Horizontal Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 6. Wind Turbine Market By Component

6.1. Introduction

6.2. Wind Turbine Revenue By Component

6.2.1. Wind Turbine Revenue (USD Billion) and Forecast, By Component, 2020-2032

6.2.2. Rotator Blade

6.2.2.1. Rotator Blade Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

6.2.3. Nacelle

6.2.3.1. Nacelle Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

6.2.4. Generator

6.2.4.1. Generator Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

6.2.5. Gearbox

6.2.5.1. Gearbox Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

6.2.6. Others

6.2.6.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 7. Wind Turbine Market By Installation

7.1. Introduction

7.2. Wind Turbine Revenue By Installation

7.2.1. Wind Turbine Revenue (USD Billion) and Forecast, By Installation, 2020-2032

7.2.2. Offshore

7.2.2.1. Offshore Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

7.2.3. Onshore

7.2.3.1. Onshore Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 8. Wind Turbine Market By Application

8.1. Introduction

8.2. Wind Turbine Revenue By Application

8.2.1. Wind Turbine Revenue (USD Billion) and Forecast, By Application, 2020-2032

8.2.2. Industrial

8.2.2.1. Industrial Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

8.2.3. Residential

8.2.3.1. Residential Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

8.2.4. Commercial

8.2.4.1. Commercial Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

8.2.5. Utility

8.2.5.1. Utility Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 9. North America Wind Turbine Market By Country 

9.1. North America Wind Turbine Market Overview

9.2. U.S.

9.2.1. U.S. Wind Turbine Revenue (USD Billion) and Forecast By Axis Type, 2020-2032

9.2.2. U.S. Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

9.2.3. U.S. Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

9.2.4. U.S. Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

9.3. Canada

9.3.1. Canada Wind Turbine Revenue (USD Billion) and Forecast By Axis Type, 2020-2032

9.3.2. Canada Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

9.3.3. Canada Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

9.3.4. Canada Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

9.4. North America PEST Analysis

CHAPTER 10. Europe Wind Turbine Market By Country

10.1. Europe Wind Turbine Market Overview

10.2. U.K.

10.2.1. U.K. Wind Turbine Revenue (USD Billion) and Forecast By Axis Type, 2020-2032

10.2.2. U.K. Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

10.2.3. U.K. Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

10.2.4. U.K. Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

10.3. Germany

10.3.1. Germany Wind Turbine Revenue (USD Billion) and Forecast By Axis Type, 2020-2032

10.3.2. Germany Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

10.3.3. Germany Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

10.3.4. Germany Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

10.4. France

10.4.1. France Wind Turbine Revenue (USD Billion) and Forecast By Axis Type, 2020-2032

10.4.2. France Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

10.4.3. France Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

10.4.4. France Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

10.5. Spain

10.5.1. Spain Wind Turbine Revenue (USD Billion) and Forecast By Axis Type, 2020-2032

10.5.2. Spain Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

10.5.3. Spain Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

10.5.4. Spain Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

10.6. Rest of Europe

10.6.1. Rest of Europe Wind Turbine Revenue (USD Billion) and Forecast By Axis Type, 2020-2032

10.6.2. Rest of Europe Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

10.6.3. Rest of Europe Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

10.6.4. Rest of Europe Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

10.7. Europe PEST Analysis

CHAPTER 11. Asia Pacific Wind Turbine Market By Country

11.1. Asia Pacific Wind Turbine Market Overview

11.2. China

11.2.1. China Wind Turbine Revenue (USD Billion) and Forecast By Axis Type, 2020-2032

11.2.2. China Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

11.2.3. China Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

11.2.4. China Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

11.3. Japan

11.3.1. Japan Wind Turbine Revenue (USD Billion) and Forecast By Axis Type, 2020-2032

11.3.2. Japan Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

11.3.3. Japan Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

11.3.4. Japan Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

11.4. India

11.4.1. India Wind Turbine Revenue (USD Billion) and Forecast By Axis Type, 2020-2032

11.4.2. India Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

11.4.3. India Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

11.4.4. India Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

11.5. Australia

11.5.1. Australia Wind Turbine Revenue (USD Billion) and Forecast By Axis Type, 2020-2032

11.5.2. Australia Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

11.5.3. Australia Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

11.5.4. Australia Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

11.6. South Korea

11.6.1. South Korea Wind Turbine Revenue (USD Billion) and Forecast By Axis Type, 2020-2032

11.6.2. South Korea Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

11.6.3. South Korea Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

11.6.4. South Korea Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

11.7. Rest of Asia-Pacific

11.7.1. Rest of Asia-Pacific Wind Turbine Revenue (USD Billion) and Forecast By Axis Type, 2020-2032

11.7.2. Rest of Asia-Pacific Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

11.7.3. Rest of Asia-Pacific Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

11.7.4. Rest of Asia-Pacific Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

11.8. Asia Pacific PEST Analysis

CHAPTER 12. Latin America Wind Turbine Market By Country

12.1. Latin America Wind Turbine Market Overview

12.2. Brazil

12.2.1. Brazil Wind Turbine Revenue (USD Billion) and Forecast By Axis Type, 2020-2032

12.2.2. Brazil Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

12.2.3. Brazil Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

12.2.4. Brazil Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

12.3. Mexico

12.3.1. Mexico Wind Turbine Revenue (USD Billion) and Forecast By Axis Type, 2020-2032

12.3.2. Mexico Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

12.3.3. Mexico Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

12.3.4. Mexico Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

12.4. Rest of Latin America

12.4.1. Rest of Latin America Wind Turbine Revenue (USD Billion) and Forecast By Axis type, 2020-2032

12.4.2. Rest of Latin America Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

12.4.3. Rest of Latin America Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

12.4.4. Rest of Latin America Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

12.5. Latin America PEST Analysis

CHAPTER 13. Middle East & Africa Wind Turbine Market By Country 

13.1. Middle East & Africa Wind Turbine Market Overview

13.2. GCC

13.2.1. GCC Wind Turbine Revenue (USD Billion) and Forecast By Axis Type, 2020-2032

13.2.2. GCC Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

13.2.3. GCC Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

13.2.4. GCC Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

13.3. South Africa

13.3.1. South Africa Wind Turbine Revenue (USD Billion) and Forecast By Axis Type, 2020-2032

13.3.2. South Africa Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

13.3.3. South Africa Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

13.3.4. South Africa Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

13.4. Rest of Middle East & Africa

13.4.1. Rest of Middle East & Africa Wind Turbine Revenue (USD Billion) and Forecast By Axis type, 2020-2032

13.4.2. Rest of Middle East & Africa Wind Turbine Revenue (USD Billion) and Forecast By Component, 2020-2032

13.4.3. Rest of Middle East & Africa Wind Turbine Revenue (USD Billion) and Forecast By Installation, 2020-2032

13.4.4. Rest of Middle East & Africa Wind Turbine Revenue (USD Billion) and Forecast By Application, 2020-2032

13.5. Middle East & Africa PEST Analysis

CHAPTER 14. Player Analysis Of Wind Turbine Market

14.1. Wind Turbine Market Company Share Analysis

14.2. Competition Matrix

14.2.1. Competitive Benchmarking Of Key Players By Price, Presence, Market Share, And R&D Investment

14.2.2. New Product Launches and Product Enhancements

14.2.3. Mergers And Acquisition In Global Wind Turbine Market

14.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements

CHAPTER 15. Company Profile

15.1. Vestas Wind Systems

15.1.1. Company Snapshot

15.1.2. Business Overview

15.1.3. Financial Overview

15.1.3.1. Revenue (USD Billion), 2022

15.1.3.2. Vestas Wind Systems 2022 Wind Turbine Business Regional Distribution

15.1.4. Product/Service and Specification

15.1.5. Recent Developments & Business Strategy

15.2. Siemens Gamesa Renewable Energy

15.3. General Electric (GE) Renewable Energy

15.4. Goldwind

15.5. Nordex Group

15.6. Enercon

15.7. Suzlon Energy

15.8. Envision Energy

15.9. MingYang Smart Energy

15.10. Xinjiang Goldwind Science & Technology Co., Ltd.

15.11. United Power

Frequently Asked Questions

What was the market size of the global wind turbine in 2022?

The market size of wind turbine was USD 58.5 Billion in 2022.

What is the CAGR of the global wind turbine market from 2023 to 2032?

The CAGR of wind turbine is 6.4% during the analysis period of 2023 to 2032.

Which are the key players in the wind turbine market?

The key players operating in the global market are including Vestas Wind Systems, Siemens Gamesa Renewable Energy, General Electric (GE) Renewable Energy, Goldwind, Nordex Group, Enercon, Suzlon Energy, Envision Energy, MingYang Smart Energy, Xinjiang Goldwind Science & Technology Co., Ltd., and United Power.

Which region dominated the global wind turbine market share?

Asia-Pacific held the dominating position in wind turbine industry during the analysis period of 2023 to 2032.

Which region registered fastest CAGR from 2023 to 2032?

Asia-Pacific region exhibited fastest growing CAGR for market of wind turbine during the analysis period of 2023 to 2032.

What are the current trends and dynamics in the global wind turbine industry?

The current trends and dynamics in the wind turbine industry include increasing global demand for clean and sustainable energy sources, and government incentives and policies promoting renewable energy adoption.

Which component held the maximum share in 2022?

The rotator blade component held the maximum share of the wind turbine industry.

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