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Global Wind Turbine Components Market Research Report 2024
Synopsis
The global fossil fuel dependency is expected to cause significant social and economic fluctuations. An economy that is based on fossil fuel is highly unsustainable. The efforts taken to reduce such an impact and reduce its usage and dependence has paved way for alternate and renewable sources of energy. Alternate sources, such as wind energy, is one of the most sought after options since it is the least expensive power generating option. Increasing number of locations for capacity additions in newer markets such as Africa, Asia, Central, and South America is driving the wind power generation. Both onshore and offshore wind power generation have contributed to the improvement of wind energy's economics in varied operating conditions and wind regimes.
The global Wind Turbine Components market was valued at US$ 129330 million in 2023 and is anticipated to reach US$ 175510 million by 2030, witnessing a CAGR of 4.4% during the forecast period 2024-2030.
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
This report aims to provide a comprehensive presentation of the global market for Wind Turbine Components, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wind Turbine Components.
Report Scope
The Wind Turbine Components market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Wind Turbine Components market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Wind Turbine Components manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
GE Renewable Energy
Goldwind
Siemens
Suzlon
Vestas
Enercon
Siemens(Gamesa)
LM Wind Power
MFG
Nordex
Senvion
TPI
Segment by Type
Generator
Nacelle
Tower
Rotor Blades
Others
Segment by Application
Offshore Wind Energy
Onshore Wind Energy
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Wind Turbine Components manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Wind Turbine Components by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Wind Turbine Components in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
The global fossil fuel dependency is expected to cause significant social and economic fluctuations. An economy that is based on fossil fuel is highly unsustainable. The efforts taken to reduce such an impact and reduce its usage and dependence has paved way for alternate and renewable sources of energy. Alternate sources, such as wind energy, is one of the most sought after options since it is the least expensive power generating option. Increasing number of locations for capacity additions in newer markets such as Africa, Asia, Central, and South America is driving the wind power generation. Both onshore and offshore wind power generation have contributed to the improvement of wind energy's economics in varied operating conditions and wind regimes.
The global Wind Turbine Components market was valued at US$ 129330 million in 2023 and is anticipated to reach US$ 175510 million by 2030, witnessing a CAGR of 4.4% during the forecast period 2024-2030.
According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.
This report aims to provide a comprehensive presentation of the global market for Wind Turbine Components, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Wind Turbine Components.
Report Scope
The Wind Turbine Components market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Wind Turbine Components market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Wind Turbine Components manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
GE Renewable Energy
Goldwind
Siemens
Suzlon
Vestas
Enercon
Siemens(Gamesa)
LM Wind Power
MFG
Nordex
Senvion
TPI
Segment by Type
Generator
Nacelle
Tower
Rotor Blades
Others
Segment by Application
Offshore Wind Energy
Onshore Wind Energy
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Wind Turbine Components manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Wind Turbine Components by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Wind Turbine Components in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Wind Turbine Components Market Overview
1.1 Product Definition
1.2 Wind Turbine Components Segment by Type
1.2.1 Global Wind Turbine Components Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Generator
1.2.3 Nacelle
1.2.4 Tower
1.2.5 Rotor Blades
1.2.6 Others
1.3 Wind Turbine Components Segment by Application
1.3.1 Global Wind Turbine Components Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Offshore Wind Energy
1.3.3 Onshore Wind Energy
1.4 Global Market Growth Prospects
1.4.1 Global Wind Turbine Components Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Wind Turbine Components Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Wind Turbine Components Production Estimates and Forecasts (2019-2030)
1.4.4 Global Wind Turbine Components Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Wind Turbine Components Production Market Share by Manufacturers (2019-2024)
2.2 Global Wind Turbine Components Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Wind Turbine Components, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Wind Turbine Components Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Wind Turbine Components Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Wind Turbine Components, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Wind Turbine Components, Product Offered and Application
2.8 Global Key Manufacturers of Wind Turbine Components, Date of Enter into This Industry
2.9 Wind Turbine Components Market Competitive Situation and Trends
2.9.1 Wind Turbine Components Market Concentration Rate
2.9.2 Global 5 and 10 Largest Wind Turbine Components Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Wind Turbine Components Production by Region
3.1 Global Wind Turbine Components Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Wind Turbine Components Production Value by Region (2019-2030)
3.2.1 Global Wind Turbine Components Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Wind Turbine Components by Region (2025-2030)
3.3 Global Wind Turbine Components Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Wind Turbine Components Production by Region (2019-2030)
3.4.1 Global Wind Turbine Components Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Wind Turbine Components by Region (2025-2030)
3.5 Global Wind Turbine Components Market Price Analysis by Region (2019-2024)
3.6 Global Wind Turbine Components Production and Value, Year-over-Year Growth
3.6.1 North America Wind Turbine Components Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Wind Turbine Components Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Wind Turbine Components Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Wind Turbine Components Production Value Estimates and Forecasts (2019-2030)
4 Wind Turbine Components Consumption by Region
4.1 Global Wind Turbine Components Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Wind Turbine Components Consumption by Region (2019-2030)
4.2.1 Global Wind Turbine Components Consumption by Region (2019-2024)
4.2.2 Global Wind Turbine Components Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Wind Turbine Components Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Wind Turbine Components Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Wind Turbine Components Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Wind Turbine Components Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Wind Turbine Components Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Wind Turbine Components Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Wind Turbine Components Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Wind Turbine Components Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Wind Turbine Components Production by Type (2019-2030)
5.1.1 Global Wind Turbine Components Production by Type (2019-2024)
5.1.2 Global Wind Turbine Components Production by Type (2025-2030)
5.1.3 Global Wind Turbine Components Production Market Share by Type (2019-2030)
5.2 Global Wind Turbine Components Production Value by Type (2019-2030)
5.2.1 Global Wind Turbine Components Production Value by Type (2019-2024)
5.2.2 Global Wind Turbine Components Production Value by Type (2025-2030)
5.2.3 Global Wind Turbine Components Production Value Market Share by Type (2019-2030)
5.3 Global Wind Turbine Components Price by Type (2019-2030)
6 Segment by Application
6.1 Global Wind Turbine Components Production by Application (2019-2030)
6.1.1 Global Wind Turbine Components Production by Application (2019-2024)
6.1.2 Global Wind Turbine Components Production by Application (2025-2030)
6.1.3 Global Wind Turbine Components Production Market Share by Application (2019-2030)
6.2 Global Wind Turbine Components Production Value by Application (2019-2030)
6.2.1 Global Wind Turbine Components Production Value by Application (2019-2024)
6.2.2 Global Wind Turbine Components Production Value by Application (2025-2030)
6.2.3 Global Wind Turbine Components Production Value Market Share by Application (2019-2030)
6.3 Global Wind Turbine Components Price by Application (2019-2030)
7 Key Companies Profiled
7.1 GE Renewable Energy
7.1.1 GE Renewable Energy Wind Turbine Components Corporation Information
7.1.2 GE Renewable Energy Wind Turbine Components Product Portfolio
7.1.3 GE Renewable Energy Wind Turbine Components Production, Value, Price and Gross Margin (2019-2024)
7.1.4 GE Renewable Energy Main Business and Markets Served
7.1.5 GE Renewable Energy Recent Developments/Updates
7.2 Goldwind
7.2.1 Goldwind Wind Turbine Components Corporation Information
7.2.2 Goldwind Wind Turbine Components Product Portfolio
7.2.3 Goldwind Wind Turbine Components Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Goldwind Main Business and Markets Served
7.2.5 Goldwind Recent Developments/Updates
7.3 Siemens
7.3.1 Siemens Wind Turbine Components Corporation Information
7.3.2 Siemens Wind Turbine Components Product Portfolio
7.3.3 Siemens Wind Turbine Components Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Siemens Main Business and Markets Served
7.3.5 Siemens Recent Developments/Updates
7.4 Suzlon
7.4.1 Suzlon Wind Turbine Components Corporation Information
7.4.2 Suzlon Wind Turbine Components Product Portfolio
7.4.3 Suzlon Wind Turbine Components Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Suzlon Main Business and Markets Served
7.4.5 Suzlon Recent Developments/Updates
7.5 Vestas
7.5.1 Vestas Wind Turbine Components Corporation Information
7.5.2 Vestas Wind Turbine Components Product Portfolio
7.5.3 Vestas Wind Turbine Components Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Vestas Main Business and Markets Served
7.5.5 Vestas Recent Developments/Updates
7.6 Enercon
7.6.1 Enercon Wind Turbine Components Corporation Information
7.6.2 Enercon Wind Turbine Components Product Portfolio
7.6.3 Enercon Wind Turbine Components Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Enercon Main Business and Markets Served
7.6.5 Enercon Recent Developments/Updates
7.7 Siemens(Gamesa)
7.7.1 Siemens(Gamesa) Wind Turbine Components Corporation Information
7.7.2 Siemens(Gamesa) Wind Turbine Components Product Portfolio
7.7.3 Siemens(Gamesa) Wind Turbine Components Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Siemens(Gamesa) Main Business and Markets Served
7.7.5 Siemens(Gamesa) Recent Developments/Updates
7.8 LM Wind Power
7.8.1 LM Wind Power Wind Turbine Components Corporation Information
7.8.2 LM Wind Power Wind Turbine Components Product Portfolio
7.8.3 LM Wind Power Wind Turbine Components Production, Value, Price and Gross Margin (2019-2024)
7.8.4 LM Wind Power Main Business and Markets Served
7.7.5 LM Wind Power Recent Developments/Updates
7.9 MFG
7.9.1 MFG Wind Turbine Components Corporation Information
7.9.2 MFG Wind Turbine Components Product Portfolio
7.9.3 MFG Wind Turbine Components Production, Value, Price and Gross Margin (2019-2024)
7.9.4 MFG Main Business and Markets Served
7.9.5 MFG Recent Developments/Updates
7.10 Nordex
7.10.1 Nordex Wind Turbine Components Corporation Information
7.10.2 Nordex Wind Turbine Components Product Portfolio
7.10.3 Nordex Wind Turbine Components Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Nordex Main Business and Markets Served
7.10.5 Nordex Recent Developments/Updates
7.11 Senvion
7.11.1 Senvion Wind Turbine Components Corporation Information
7.11.2 Senvion Wind Turbine Components Product Portfolio
7.11.3 Senvion Wind Turbine Components Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Senvion Main Business and Markets Served
7.11.5 Senvion Recent Developments/Updates
7.12 TPI
7.12.1 TPI Wind Turbine Components Corporation Information
7.12.2 TPI Wind Turbine Components Product Portfolio
7.12.3 TPI Wind Turbine Components Production, Value, Price and Gross Margin (2019-2024)
7.12.4 TPI Main Business and Markets Served
7.12.5 TPI Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Wind Turbine Components Industry Chain Analysis
8.2 Wind Turbine Components Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Wind Turbine Components Production Mode & Process
8.4 Wind Turbine Components Sales and Marketing
8.4.1 Wind Turbine Components Sales Channels
8.4.2 Wind Turbine Components Distributors
8.5 Wind Turbine Components Customers
9 Wind Turbine Components Market Dynamics
9.1 Wind Turbine Components Industry Trends
9.2 Wind Turbine Components Market Drivers
9.3 Wind Turbine Components Market Challenges
9.4 Wind Turbine Components Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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