Renewable energy production is steadily increasing, and wind energy now accounts for a significant portion of the electric power supply. As environmental challenges such as global warming, acid rain, air and water pollution, ozone layer depletion, climate change, and others become more prevalent, more emphasis is placed on the production and usage of renewable energy sources. Wind power is a very good example of renewable form of energy and it is generated through a windmill and other wind power equipment. The wind power equipment market is expected to grow in response to the growing need to replace conventional energy sources with renewable energy.
MARKET DYNAMICS
The wind power equipment market is expected to grow in response to the growing need to replace conventional energy sources with renewable energy. Government measures to encourage and promote the use of renewable energy sources such as hydropower, solar power, wind power, and biomass are also likely to propel the global wind power equipment market. In addition, rising power usage, rising energy prices, and volatile crude oil prices and demand are likely to boost the rise of renewable energy sources. As a result, demand for wind power equipment is expected to rise. However, high cost of wind power equipment and installation issues are likely to restrain market growth during the forecast period.
MARKET SCOPE
The "Global Wind Power Equipment Market Analysis to 2028" is a specialized and in-depth study of the Wind power equipment Market with a special focus on the global market trend analysis. The report aims to provide an overview of Wind power equipment market with detailed market segmentation by equipment type and location. The global wind power equipment market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wind power equipment market player and offers key trends and opportunities in the wind power equipment market.
MARKET SEGMENTATION
The global wind power equipment market is segmented as, equipment type and application. On the basis of equipment type the market is segmented as, rotor/blade, tower, generator, others. Further, on the basis of location the market is segmented as, onshore and offshore.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global wind power equipment market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The wind power equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting wind power equipment Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the wind power equipment market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global wind power equipment market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The wind power equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting wind power equipment Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the wind power equipment market in these regions.
MARKET PLAYERS
The reports cover key developments in the wind power equipment market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from wind power equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for wind power equipment market. Below mentioned is the list of few companies engaged in the Wind power equipment market.
The report also includes the profiles of key wind power equipment market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- GENERAL ELECTRIC
- Siemens Gamesa Renewable Energy, S.A
- Vestas
- NORDEX SE
- ENERCON GmbH
- Suzlon
- Goldwind
- Sinovel Wind Group Co., Ltd
- China Ming Yang Wind Power Group Limited
- ABB
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Wind Power Equipment Market - By Equipment Type
1.3.2 Wind Power Equipment Market - By Location
1.3.3 Wind Power Equipment Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WIND POWER EQUIPMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. WIND POWER EQUIPMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WIND POWER EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. WIND POWER EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. WIND POWER EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WIND POWER EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - EQUIPMENT TYPE
7.1. OVERVIEW
7.2. EQUIPMENT TYPE MARKET FORECASTS AND ANALYSIS
7.3. ROTOR/BLADE
7.3.1. Overview
7.3.2. Rotor/Blade Market Forecast and Analysis
7.4. TOWER
7.4.1. Overview
7.4.2. Tower Market Forecast and Analysis
7.5. GENERATOR
7.5.1. Overview
7.5.2. Generator Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. WIND POWER EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - LOCATION
8.1. OVERVIEW
8.2. LOCATION MARKET FORECASTS AND ANALYSIS
8.3. ONSHORE
8.3.1. Overview
8.3.2. Onshore Market Forecast and Analysis
8.4. OFFSHORE
8.4.1. Overview
8.4.2. Offshore Market Forecast and Analysis
9. WIND POWER EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Wind Power Equipment Market Overview
9.1.2 North America Wind Power Equipment Market Forecasts and Analysis
9.1.3 North America Wind Power Equipment Market Forecasts and Analysis - By Equipment Type
9.1.4 North America Wind Power Equipment Market Forecasts and Analysis - By Location
9.1.5 North America Wind Power Equipment Market Forecasts and Analysis - By Countries
9.1.5.1 United States Wind Power Equipment Market
9.1.5.1.1 United States Wind Power Equipment Market by Equipment Type
9.1.5.1.2 United States Wind Power Equipment Market by Location
9.1.5.2 Canada Wind Power Equipment Market
9.1.5.2.1 Canada Wind Power Equipment Market by Equipment Type
9.1.5.2.2 Canada Wind Power Equipment Market by Location
9.1.5.3 Mexico Wind Power Equipment Market
9.1.5.3.1 Mexico Wind Power Equipment Market by Equipment Type
9.1.5.3.2 Mexico Wind Power Equipment Market by Location
9.2. EUROPE
9.2.1 Europe Wind Power Equipment Market Overview
9.2.2 Europe Wind Power Equipment Market Forecasts and Analysis
9.2.3 Europe Wind Power Equipment Market Forecasts and Analysis - By Equipment Type
9.2.4 Europe Wind Power Equipment Market Forecasts and Analysis - By Location
9.2.5 Europe Wind Power Equipment Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Wind Power Equipment Market
9.2.5.1.1 Germany Wind Power Equipment Market by Equipment Type
9.2.5.1.2 Germany Wind Power Equipment Market by Location
9.2.5.2 France Wind Power Equipment Market
9.2.5.2.1 France Wind Power Equipment Market by Equipment Type
9.2.5.2.2 France Wind Power Equipment Market by Location
9.2.5.3 Italy Wind Power Equipment Market
9.2.5.3.1 Italy Wind Power Equipment Market by Equipment Type
9.2.5.3.2 Italy Wind Power Equipment Market by Location
9.2.5.4 United Kingdom Wind Power Equipment Market
9.2.5.4.1 United Kingdom Wind Power Equipment Market by Equipment Type
9.2.5.4.2 United Kingdom Wind Power Equipment Market by Location
9.2.5.5 Russia Wind Power Equipment Market
9.2.5.5.1 Russia Wind Power Equipment Market by Equipment Type
9.2.5.5.2 Russia Wind Power Equipment Market by Location
9.2.5.6 Rest of Europe Wind Power Equipment Market
9.2.5.6.1 Rest of Europe Wind Power Equipment Market by Equipment Type
9.2.5.6.2 Rest of Europe Wind Power Equipment Market by Location
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Wind Power Equipment Market Overview
9.3.2 Asia-Pacific Wind Power Equipment Market Forecasts and Analysis
9.3.3 Asia-Pacific Wind Power Equipment Market Forecasts and Analysis - By Equipment Type
9.3.4 Asia-Pacific Wind Power Equipment Market Forecasts and Analysis - By Location
9.3.5 Asia-Pacific Wind Power Equipment Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Wind Power Equipment Market
9.3.5.1.1 Australia Wind Power Equipment Market by Equipment Type
9.3.5.1.2 Australia Wind Power Equipment Market by Location
9.3.5.2 China Wind Power Equipment Market
9.3.5.2.1 China Wind Power Equipment Market by Equipment Type
9.3.5.2.2 China Wind Power Equipment Market by Location
9.3.5.3 India Wind Power Equipment Market
9.3.5.3.1 India Wind Power Equipment Market by Equipment Type
9.3.5.3.2 India Wind Power Equipment Market by Location
9.3.5.4 Japan Wind Power Equipment Market
9.3.5.4.1 Japan Wind Power Equipment Market by Equipment Type
9.3.5.4.2 Japan Wind Power Equipment Market by Location
9.3.5.5 South Korea Wind Power Equipment Market
9.3.5.5.1 South Korea Wind Power Equipment Market by Equipment Type
9.3.5.5.2 South Korea Wind Power Equipment Market by Location
9.3.5.6 Rest of Asia-Pacific Wind Power Equipment Market
9.3.5.6.1 Rest of Asia-Pacific Wind Power Equipment Market by Equipment Type
9.3.5.6.2 Rest of Asia-Pacific Wind Power Equipment Market by Location
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Wind Power Equipment Market Overview
9.4.2 Middle East and Africa Wind Power Equipment Market Forecasts and Analysis
9.4.3 Middle East and Africa Wind Power Equipment Market Forecasts and Analysis - By Equipment Type
9.4.4 Middle East and Africa Wind Power Equipment Market Forecasts and Analysis - By Location
9.4.5 Middle East and Africa Wind Power Equipment Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Wind Power Equipment Market
9.4.5.1.1 South Africa Wind Power Equipment Market by Equipment Type
9.4.5.1.2 South Africa Wind Power Equipment Market by Location
9.4.5.2 Saudi Arabia Wind Power Equipment Market
9.4.5.2.1 Saudi Arabia Wind Power Equipment Market by Equipment Type
9.4.5.2.2 Saudi Arabia Wind Power Equipment Market by Location
9.4.5.3 U.A.E Wind Power Equipment Market
9.4.5.3.1 U.A.E Wind Power Equipment Market by Equipment Type
9.4.5.3.2 U.A.E Wind Power Equipment Market by Location
9.4.5.4 Rest of Middle East and Africa Wind Power Equipment Market
9.4.5.4.1 Rest of Middle East and Africa Wind Power Equipment Market by Equipment Type
9.4.5.4.2 Rest of Middle East and Africa Wind Power Equipment Market by Location
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Wind Power Equipment Market Overview
9.5.2 South and Central America Wind Power Equipment Market Forecasts and Analysis
9.5.3 South and Central America Wind Power Equipment Market Forecasts and Analysis - By Equipment Type
9.5.4 South and Central America Wind Power Equipment Market Forecasts and Analysis - By Location
9.5.5 South and Central America Wind Power Equipment Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Wind Power Equipment Market
9.5.5.1.1 Brazil Wind Power Equipment Market by Equipment Type
9.5.5.1.2 Brazil Wind Power Equipment Market by Location
9.5.5.2 Argentina Wind Power Equipment Market
9.5.5.2.1 Argentina Wind Power Equipment Market by Equipment Type
9.5.5.2.2 Argentina Wind Power Equipment Market by Location
9.5.5.3 Rest of South and Central America Wind Power Equipment Market
9.5.5.3.1 Rest of South and Central America Wind Power Equipment Market by Equipment Type
9.5.5.3.2 Rest of South and Central America Wind Power Equipment Market by Location
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. WIND POWER EQUIPMENT MARKET, KEY COMPANY PROFILES
11.1. GENERAL ELECTRIC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. SIEMENS GAMESA RENEWABLE ENERGY, S.A
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. VESTAS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. NORDEX SE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ENERCON GMBH
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SUZLON
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. GOLDWIND
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SINOVEL WIND GROUP CO., LTD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. CHINA MING YANG WIND POWER GROUP LIMITED
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ABB
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.GENERAL ELECTRIC
2.Siemens Gamesa Renewable Energy, S.A
3.Vestas
4.NORDEX SE
5.ENERCON GmbH
6.Suzlon
7.Goldwind
8.Sinovel Wind Group Co., Ltd
9.China Ming Yang Wind Power Group Limited
10.ABB
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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