Global Wind Power Equipment Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Wind Power Equipment Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Location (Onshore, and Offshore), Equipment Type (Rotor/Blade, Tower, Generator, and Other Equipment Types), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Wind Power Equipment Market was valued at USD 56,654.4 million in 2023 and is expected to reach USD 113,885.6 million by 2031 while growing at a CAGR of 9.1% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global wind power equipment market growth. Wind power equipment, including turbines, towers, blades, nacelles, and control systems, is crucial in harnessing the kinetic energy of the wind to generate electricity.
Increasing demand for renewable energy, coupled with government support and incentives, propels the growth of the wind power equipment market. However, obstacles like the intermittency and variability of wind resources, along with high initial capital costs, may impede market expansion.
Furthermore, the global wind power equipment industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Location Analysis
The Global Wind Power Equipment Market is segmented among Onshore, and Offshore, based on Location. In 2023, Onshore accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Equipment Type Analysis
The Global Wind Power Equipment Market is segmented among Rotor/Blade, Tower, Generator, and Other Equipment Types, based on Equipment Type. In 2023, Rotor/Blade accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Wind Power Equipment Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Latin America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Vestas Wind Systems AS, Siemens Gamesa Renewable Energy, Enercon GmbH, Envision Energy, General Electric Company, Guodian United Power Technology Company Limited, Ming Yang Wind Power Group Limited, Senvion SA, Nordex SE, and Xinjiang Goldwind Science & Technology Co., Ltd.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Wind Power Equipment Market Dynamics
Drivers
Restraints
Opportunity
4. Global Wind Power Equipment Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Wind Power Equipment Market Segmentation, By Location
Global Wind Power Equipment Market Share Analysis, By Location
Global Wind Power Equipment Market Growth Analysis, By Location
Global Wind Power Equipment Market Trends, By Location
o Onshore
o Offshore
6. Global Wind Power Equipment Market Segmentation, By Equipment Type
Global Wind Power Equipment Market Share Analysis, By Equipment Type
Global Wind Power Equipment Market Growth Analysis, By Equipment Type
Global Wind Power Equipment Market Trends, By Equipment Type
o Rotor/Blade
o Tower
o Generator
o Other Equipment Types
7. Global Wind Power Equipment Market Segmentation, By Region
Global Wind Power Equipment Market Share Analysis, By Region
Global Wind Power Equipment Market Growth Analysis, By Region
Global Wind Power Equipment Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Vestas Wind Systems AS*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Siemens Gamesa Renewable Energy
Enercon GmbH
Envision Energy
General Electric Company
Guodian United Power Technology Company Limited
Ming Yang Wind Power Group Limited
Senvion SA
Nordex SE
Xinjiang Goldwind Science & Technology Co., Ltd.
*Similar analysis will be provided for each company listed above.