Global Wind Turbines Market to Reach $254 Billion in 2024

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19 Sep, 2018, 17:30 IST

PUNE, India, September 19, 2018 /PRNewswire/ --

Wind Turbines Market Shares, Strategies, and Forecasts, Worldwide, 2018 to 2024. The 2018 study has 170 pages, 100 tables and figures report added in ReportsnReports. Worldwide markets are poised to achieve continuing growth as wind turbines prove their value by managing to capture significant amounts of renewable energy that can be used as electricity.  Lowering electrical generation costs is a key benefit.

A $157 billion market worldwide in 2017, the Wind Turbine Market has evolved rather steadily.  With the world general recognizing the need to embrace renewable energy, wind turbines have emerged as the go to technology of choice.  While most offshore wind turbines are being put in more remote settings, they are still being put in place, mostly in as shallow waters as can be found.  

Onshore wind turbine markets continue to grow.  There is a strategic move to use the wind energy where it is generated.  The ability to use wind electricity where it is generated as much as possible appears to be the most cost-efficient way to leverage renewable energy.

Demand prospects remain positive.  Emerging markets continue to play a role.  Renewal of auctions is reactivating mature markets.

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Southern Europe is reactivating mature markets with auctions.  Activating new markets in Argentina and Russia is being achieved.  Excluding China, the global market demand for installations is expected to increase by 8% from 36 GW in 2017 to 45 GW in 2020.

The global market for Wind Turbines at $157 billion in 2017 is anticipated to reach $254 billion in 2024.  Vestas and GE among others are driving wind turbines as their clients are making further investments in development of renewable energy.  

Companies Profiled 

Market Leaders 

  • Vestas
  • GE Wind Turbines
  • Goldwind
  • Siemens Gamesa
  • Enercon
  • Nordex Acciona
  • United Power
  • Mingyang
  • Envision
  • Suzlon

Key Topics 

  • Storage of Wind Generated Electricity
  • Wind Energy Leverages Smart Grid
  • Electricity Hub Distribution
  • Renewable Energy
  • Low Auction Prices Transform Wind into Mainstream Energy Source
  • Transition to Auctions
  • Geared vs. Direct Technology
  • Onshore Wind Turbine
  • Offshore Wind Turbine
  • Vertical Wind Turbines
  • Horizontal Wind Turbines
  • Wind Turbine Scale
  • Wind Turbine Global Reach
  • Wind Turbine Local Presence
  • Digital Wind Turbine Transformation
  • Global Warming
  • Increase in Energy Yield
  • Boundaries

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Table of Contents: 

Abstract: Wind Turbine Markets Bring Strong Growth to Renewable Energy Projects

1. Wind Turbine: Market Description and Market Dynamics

2. Wind Turbine Market Shares and Forecasts

3. Wind Turbine Opportunity Description

5. Wind Turbine Company Profiles

6. Research Findings and Conclusion

7. Selected List of Companies

Another Related Research Report: 

2018-2023 Global Wind Turbine Gearbox Consumption Market Report projects that Wind Turbine Gearbox market will register a 8.4% CAGR in terms of revenue, reach US$ 6470 million by 2023, from US$ 3990 million in 2017.

To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
- 1.5 MW-3 MW
- <1.5MW
- >3 MW
Segmentation by application:
- In-land
- Off-shore

The key manufacturers covered in this report:
- Siemens
- China Transmission
- ZF
- Moventas
- VOITH
- Allen Gears

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