Industry Background:
Wind power is the kinetic energy of wind, harnessed and redirected to perform a task mechanically or to generate electricity. Wind turbines convert the kinetic energy into the mechanical power. This mechanical power can be used for specific tasks like grinding grain or pumping water or can be converted into electricity by a generator. The global wind power market is expected to witness a significant growth over forecast period owing to increasing price of non-renewable energy and government initiative to explore alternative sources of energy
The Global Wind Power market presents a comprehensive analysis of the Wind Power market by end-user/application (Industrial [Power Generation, Telecommunication, Agriculture], Commercial and Residential), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Manufacturers profiled in the report are ABB Limited (Switzerland), American Electric Power (United States), China Longyuan Power Group Corporation Limited (China), Dongfang Electric Corporation Limited (China), Enel Green Power S.p.A. (Italy), Enercon GmbH (Germany), Wind World (India) Limited (India), Eurus Energy Holdings Corporation (Japan), General Electric Company (United States) and Nordex SE (Germany). Additionally, other players that are part of this comprehensive study are Pacific Hydro Pty Ltd. (Australia), NextEra Energy Resources, LLC (USA), Ming Yang Smart Energy Group Ltd. (China), Acciona Windpower S.A. (Spain) and Envision Energy Limited (China).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | ABB Limited (Switzerland), American Electric Power (United States), China Longyuan Power Group Corporation Limited (China), Dongfang Electric Corporation Limited (China), Enel Green Power S.p.A. (Italy), Enercon GmbH (Germany), Wind World (India) Limited (India), Eurus Energy Holdings Corporation (Japan), General Electric Company (United States) and Nordex SE (Germany) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technological Advancement for the Development of More Reliable and Efficient Wind Turbines
Market Growth Drivers:
The Increasing Price of Non-Renewable Energy and Government Initiative to Explore Alternative Sources of Energy
Challenges:
Variability in Wind Speed
Restraints:
Heavy Investment for the Manufacturing and Installation of Wind Turbines
Opportunities:
A decrease in Wind Energy Prices Owing to the Technological Development
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Wind Power industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest. For instance, while the North America holds majority of market share of the Wind Power, the Asia Pacific has emerged as a crucial market for several Wind Power brands.
The Installation, such as Onshore, is boosting the Wind Power market and is anticipated to experience a steady growth during the forecast period.
The Connectivity, such as On-Grid, is boosting the Wind Power market and is anticipated to experience a steady growth during the forecast period.
The Axis, such as Horizontal Axis, is boosting the Wind Power market and is anticipated to experience a steady growth during the forecast period.
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)