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The wind turbine market report add detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants.Europe wind turbine market is anticipated to witness an annual installation of over 20 GW by 2024. Low carbon emission, cost efficiency when compared to non-renewable energy sources and sustainable generation tariffs are few key parameters influencing the adoption of these technologies. Europe, in 2017, installed 16.8 GW additional wind power capacity, with 12,484 MW from onshore and 3,154 MW from offshore deployments.
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Wind Turbine Market share will exceed USD 70 billion by 2024. Rising energy demand from private wind farm projects and utility aided sustainable establishments has positively influenced the industrial regime, across the globe. The major concern for industrial participants and utilities is to maintain a balance between the demand and supply of these units which in turn has intensified investments toward the improvement of renewable power generation technologies.
Capability to produce electricity in volatile weather conditions along with low maintenance costs and ease in operational activities are some of the important features restructuring the horizontal axis unit deployment. Furthermore, effective feasibility in residential applications with lower capacity rating observed by encouraging consumer outlook will enhance the vertical axis wind turbine market share.
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Rising R&D investment toward technologies based on wind power coupled with growing adoption of large capacity plants will significantly affect the overall product cost. Increasing industrial competition have rendered considerable decrease in the costs of rotor modules along with volume manufacturing & their operational effectiveness. Inclination toward enhanced tower length & blade size to integrate effective resource operation will further augment the global wind turbine market share.
Technological integration of distributed generation in existing energy applications will boost the > 2 MW product penetration. Cost competitiveness, low emissions, improved efficiency favored by improved technological proximity are few key parameters enhancing the acceptance of these units. In addition, the present development in technologies including flexibility of un-recuperated and recuperated systems and enhanced efficiency will further propel the wind turbine market.
The stand-alone product portfolio is predicted to grow pertaining to economic feasibility and ease in operations in distant areas when compared to the on-grid power networks. Various government incentives and programs including rural electrification along with growing acceptance of microgrid electrical networks will further complement the business outlook. Lesser installation costs coupled with governmental reforms & schemes including FiT and net metering will stimulate the on-grid wind turbine market share. Swift expansion of utility-based electricity infrastructure to cater the rising electricity demand from residential & industrial areas will further strengthen the industry landscape.
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Notable industry players operating across the global wind turbine market includes General Electric, Gamesa, Vestas, Senvion, Enercon, Siemens, Goldwind, Nordex Acciona, MHI-Vestas, Suzlon, United Power, Envision Energy, Mingyang, WEG SA, Wobben, Clipper, LM Windpower, Bergey, Impsa, Enessere and Northern Power Systems.
Partial Table of Contents (ToC) of the report:
Chapter 5. Wind Turbine Market, By Installation
5.1. Wind turbine market share by installation, 2017 & 2024
5.2. Onshore
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013 – 2024
5.3. Offshore
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024
Chapter 6. Wind Turbine Market, By Connectivity
6.1. Wind turbine market share by connectivity, 2017 & 2024
6.2. Grid connected
6.2.1. Market estimates and forecast, 2013-2024
6.2.2. Market estimates and forecast, by region, 2013 – 2024
6.3. Stand alone
6.3.1. Market estimates and forecast, 2013-2024
6.3.2. Market estimates and forecast, by region, 2013 – 2024
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Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/wind-turbine-market
Release ID: 88897479