Global Large Wind Turbine Market Overview:
Large wind turbines are often used by the utilities offering power to the grid, ranging from 100 kilowatts to upgraded megawatts power range. Wind turbines are available in two types horizontal-axis wind turbine and vertical-axis wind turbine. These large-capacity wind turbines are manufactured to produce a large amount of electricity at once. The material used for the production of a large wind turbine is glass fiber composite, carbon fiber composite, Abs plastic, wood epoxy, and others.
- Growing Need for Renewable & Clean Source of Energy
- Government Investment and Programmes for Wind Energy Production
- Adverse Environmental Impact Associated with the Large Wind Turbine
- Surging Wind Energy as Job Creator in Manufacturing, Maintenance, Installation and Supporting Services Creating More Opportunities for Production and Distribution of Large Wind Turbine
- Stiff Competition in the Large Wind Turbine Market
Some of the key players profiled in the report are Vestas Wind Systems A/S (Denmark), Siemens Gamesa Renewable Energy, S.A. (Spain), Suzlon Energy Limited (India), ENERCON GmbH (Germany), General Electric Company (United States), Yaskawa Electric Corporation (Japan), ADWEN Offshore, S.L. (Spain), NORDEX SE (Germany), Sinovel Wind Group Co., Ltd. (China) and ENVISION Group (China). Considering Market by Model, the sub-segment i.e. V164-9.5 MW will boost the Large Wind Turbine market. Considering Market by Product, the sub-segment i.e. Grid-Connected Large Wind Turbine will boost the Large Wind Turbine market. Considering Market by Material, the sub-segment i.e. Glass Fibre Composite will boost the Large Wind Turbine market.
Latest Market Insights:
On 8th November 2021, Siemens Gamesa & Vattenfall to partner using a new Siemens Gamesa offshore turbine at massive Norfolk offshore wind projects. Service agreement included; project expected to use new SG 14-236 DD offshore wind turbine SG 14-236 DD offshore wind turbine can reach 15 MW capacity with Power Boost; is based on existing flagship turbine.
On 18th October 2021, Vestas has announced plans to install a prototype of its 15-megawatt offshore wind turbine at a facility in Denmark. According to Vestas, a prototype of the V236-15 MW offshore wind turbine will stand 280-meters tall. The turbine is expected to produce 80-gigawatt hours a year, or enough to power roughly 20,000 households. The development of huge turbines has generated excitement in some quarters, but there are undoubted challenges too.
"In Denmark, planning for land-based wind development is linked to the regulatory review process. The centerpiece of the review process is a mandatory environmental impact assessment (EIA) (if a project involves more than three wind turbines or wind turbines over 80 meters in height). The regional planning authority—typically, the county—is responsible for initiating the EIA and ensuring its quality."
What Can be Explored with the Large Wind Turbine Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Large Wind Turbine Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Large Wind Turbine
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Large Wind Turbine market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Large Wind Turbine market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Large Wind Turbine Manufacturers, Large Wind Turbine Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Large Wind Turbine Market?
The Large Wind Turbine market is expected to see a CAGR of % during projected year 2021 to 2027.
2. Who are the top performing companies in Large Wind Turbine Market?
Top performing companies in the Global Large Wind Turbine market are Vestas Wind Systems A/S (Denmark), Siemens Gamesa Renewable Energy, S.A. (Spain), Suzlon Energy Limited (India), ENERCON GmbH (Germany), General Electric Company (United States), Yaskawa Electric Corporation (Japan), ADWEN Offshore, S.L. (Spain), NORDEX SE (Germany), Sinovel Wind Group Co., Ltd. (China) and ENVISION Group (China), to name a few.
3. What trending factors would impact Large Wind Turbine Market growth most?
"Emerging Wind Energy Support in Strong Domestic Supply Chain" is seen as one of major influencing trends for Large Wind Turbine Market during projected period 2021-2027.