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Wind turbine components market 2021-2025: Scope
The wind turbine components market report covers the following areas:
Wind turbine components market 2021-2025: Segmentation
- Application
- Onshore: The onshore segment will have the highest market share growth during the forecast period. This growth is attributed to factors such as the reducing cost of power generated by onshore wind power plants and innovations, which have helped in the commercialization of advanced technologies.
- Offshore
- Geography
- APAC: The region will account for 58% of the market's growth during the forecast period. This growth is attributed to factors such as rapid growth of the global wind power market. Moreover, market growth in this region will be slower than the growth of the market in regions. China and India are the key countries for the wind turbine components market in APAC.
- Europe
- North America
- South America
- MEA
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Wind turbine components market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the wind turbine components market, including Dongfang Electric Corp., General Electric Co., ISHIBASHI Manufacturing Co. Ltd., Mingyang Smart Energy Group Co. Ltd., Siemens AG, Sinoma Science & Technology Co. Ltd., Suzlon Energy Ltd., Vestas Wind System AS, Xinjiang Goldwind Science & Technology Co. Ltd., and ZF Friedrichshafen AG among others. The key offerings of some of these vendors are listed below:
- Dongfang Electric Corp. - The company design and manufacture of wind power generating units and their components in both onshore and offshore fields.
- General Electric Co. - 1.7-100/103 Wind Turbine, 1.85-87 Wind Turbine, 1.85-82.5 Wind Turbine, 2.75-120 Wind Turbine, 2.0-2.5 Platform, 3.2-103 Wind Turbine, 3.2-3.8 MW Platform, and 4.8-158 Wind Turbine.
- ISHIBASHI Manufacturing Co. Ltd. - The company offers wind-turbine gearbox used in wind turbines such as MWT-300(300kW) and S2.5-90(2500kW).
- Mingyang Smart Energy Group Co. Ltd. - The company offers wind turbine generator system platform known as MY1.5/2.0MW.
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Wind turbine components market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist wind turbine components market growth during the next five years
- Estimation of the wind turbine components market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the wind turbine components market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of wind turbine components market vendors
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Wind Turbine Components Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.42% |
Market growth 2021-2025 |
USD 27.72 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.47 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 58% |
Key consumer countries |
China, US, Germany, India, and Spain |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Dongfang Electric Corp., General Electric Co., ISHIBASHI Manufacturing Co. Ltd., Mingyang Smart Energy Group Co. Ltd., Siemens AG, Sinoma Science & Technology Co. Ltd., Suzlon Energy Ltd., Vestas Wind System AS, Xinjiang Goldwind Science & Technology Co. Ltd., and ZF Friedrichshafen AG |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents :
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020-2025
- Exhibit 06: Global - Market size and forecast 2020-2025 ($ billion)
- Exhibit 07: Global market: Year-over-year growth 2020-2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 15: Application - Market share 2020-2025 (%)
- 5.2 Comparison by Application
- Exhibit 16: Comparison by Application
- 5.3 Onshore - Market size and forecast 2020-2025
- Exhibit 17: Onshore - Market size and forecast 2020-2025 ($ billion)
- Exhibit 18: Onshore - Year-over-year growth 2020-2025 (%)
- 5.4 Offshore - Market size and forecast 2020-2025
- Exhibit 19: Offshore - Market size and forecast 2020-2025 ($ billion)
- Exhibit 20: Offshore - Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by Application
- Exhibit 21: Market opportunity by Application
6 Market Segmentation by Product
- 6.1 Market segmentation by product
- 6.3 Wind turbine rotor blades
- 6.4 Wind turbine gearboxes
- 6.5 Wind turbine generators
7 Customer landscape
8 Geographic Landscape
- 8.1 Geographic segmentation
- 8.2 Geographic comparison
- 8.3 APAC - Market size and forecast 2020-2025
- 8.4 Europe - Market size and forecast 2020-2025
- 8.5 North America - Market size and forecast 2020-2025
- 8.6 South America - Market size and forecast 2020-2025
- 8.7 MEA - Market size and forecast 2020-2025
- 8.8 Key leading countries
- 8.9 Market opportunity by geography
9 Drivers, Challenges, and Trends
10 Vendor Landscape
- 10.2 Landscape disruption
11 Vendor Analysis
- 11.2 Market positioning of vendors
- 11.3 Dongfang Electric Corp.
- 11.4 General Electric Co.
- 11.5 ISHIBASHI Manufacturing Co. Ltd.
- 11.6 Mingyang Smart Energy Group Co. Ltd.
- 11.8 Sinoma Science & Technology Co. Ltd.
- 11.10 Vestas Wind System AS
- 11.11 Xinjiang Goldwind Science & Technology Co. Ltd.
- 11.12 ZF Friedrichshafen AG
12 Appendix
- 12.2 Currency conversion rates for US$
- 12.3 Research methodology
- 12.4 List of abbreviations
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