Wind Turbine Components Market Size to Grow by USD 27.72 Billion, 58% of Market Growth to Originate from APAC - Technavio

Request a Sample Report for additional highlights related to the market

The wind turbine components market report covers the following areas:

• Wind turbine components market size
• Wind turbine components market trends
• Wind turbine components market industry analysis

• 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

Learn more about the contribution of each segment of the market. Download a Sample Report

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.

Subscribe to our "Basic Plan" billed annually at USD 5000. Get lifetime access to our Technavio Insights

• 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

Wind Turbine Pitch System Market by Application and Geography - Forecast and Analysis 2022-2026

Wind Turbine Market by Type and Geography - Forecast and Analysis 2022-2026

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

• 3.3 Market size 2020

• 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

• 6.2 Wind turbine towers

• 6.3 Wind turbine rotor blades

• 6.4 Wind turbine gearboxes

• 6.5 Wind turbine generators

• 6.6 Others

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

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Market trends

10 Vendor Landscape

• 10.1 Vendor landscape

• 10.2 Landscape disruption

11 Vendor Analysis

• 11.1 Vendors covered

• 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.

• 11.7 Siemens AG

• 11.8 Sinoma Science & Technology Co. Ltd.

• 11.9 Suzlon Energy Ltd.

• 11.10 Vestas Wind System AS

• 11.11 Xinjiang Goldwind Science & Technology Co. Ltd.

• 11.12 ZF Friedrichshafen AG

12 Appendix

• 12.1 Scope of the report

• 12.2 Currency conversion rates for US$

• 12.3 Research methodology

• 12.4 List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio