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Wind turbine generator market to grow by USD 7.22 billion|Key Drivers and Market Forecasts|17000+ Technavio Research Reports

Technavio (PRNewsfoto/Technavio)

News provided by

Technavio

Jun 17, 2021, 06:32 ET

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NEW YORK, June 17, 2021 /PRNewswire/ -- The global wind turbine generator market is expected to grow by USD 7.22 billion during 2020-2024, according to the new report from Technavio. This marks a significant market slowdown compared to the growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 4%.

Technavio has announced its latest market research report titled
Wind Turbine Generator Market by Application and Geography - Forecast and Analysis 2020-2024
Technavio has announced its latest market research report titled Wind Turbine Generator Market by Application and Geography - Forecast and Analysis 2020-2024

Technavio's in-depth market research reports include value chain analysis and validation techniques to help industry leaders improve their business. 
Download FREE Sample Report

Read the 120-page report with TOC on "Wind Turbine Generator Market Analysis Report by Application (Onshore and Offshore) and Geography (APAC, Europe, North America, South America, and MEA), and the Segment Forecasts,2020-2024". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions.
More Details: https://www.technavio.com/report/report/wind-turbine-generator-market-industry-analysis

The wind turbine generator market is driven by the rise in wind energy consumption. In addition, the decline in LCOE of wind power generation is anticipated to boost the growth of the Wind Turbine Generator Market.

Due to the depletion of conventional sources of energy and growing greenhouse gas (GHG) emissions, countries worldwide are slowly shifting their focus toward renewable sources. Wind power is the most efficient source of power generation among all renewable energy sources. It is also one of the most abundant sources of alternative energy. China was the leading country in terms of cumulative installed wind power capacity. Factors such as the growing awareness about the benefits of wind energy, the increasing wind energy consumption, and the increased endeavors in various countries will increase the demand for wind turbine generators during the forecast period.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Wind Turbine Generator Companies:

ABB Ltd.

ABB Ltd. offers generators for all drivetrain concepts such as gearless or geared, and also for both doubly-fed and full converter type and for all power and voltage levels up to 20 MW and 15 kV.

Alxion

Alxion offers AC frameless permanent magnet generators which include 6 sizes from 145 mm up to 800 mm available in four different lengths per size and two standard rated speeds.

AVANTIS Energy Group

AVANTIS Energy Group offers a water-cooled permanent magnet synchronous generator with 690 V and 120 poles per phase (3 phases) to operate at low revolution speeds.

Bora Energy

Bora Energy develops a series of wind turbine generators specifically made for remote, industrial, and community wind, simulating large wind farm turbine features, but on a smaller scale.

General Electric Co.

General Electric Co. offers medium and large generators (3.2-3.8 MW at 50 or 60 Hz).

Wind Turbine Generator Market Application Outlook (Revenue, USD billion, 2019-2024)

  • Onshore - size and forecast 2019-2024
  • Offshore - size and forecast 2019-2024

Wind Turbine Generator Market Geography Outlook (Revenue, USD billion, 2019-2024)

  • APAC - size and forecast 2019-2024
  • Europe - size and forecast 2019-2024
  • North America - size and forecast 2019-2024
  • South America - size and forecast 2019-2024
  • The Middle East and Africa - size and forecast 2019-2024

Know more about the global trends impacting the future of market research, download a free sample: 
Download FREE Sample Report

Related Reports on Industrials Include:

Global High Capacity Gas Generator Market- The high capacity gas generator market is segmented by output power capacity (less than 300 kW, 301-1000 kW, and above 1000 kW), geography (APAC, Europe, MEA, North America, and South America), and key vendors.
Download FREE Sample Report

Global Diesel Generator Market- The diesel generator market is segmented by type (stationary diesel generator and portable diesel generator) and geography (APAC, Europe, North America, MEA, and South America).
Download FREE Sample Report

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Report Page: https://www.technavio.com/report/wind-turbine-generator-market-industry-analysis

SOURCE Technavio

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