Wind Turbine Generator Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Generator Type (Direct Current Generators, Alternating Current Asynchronous Generators, Switched Reluctance Generators); Drive (Direct Drive, Geared Drive); Speed (Fixed, Variable) and Geography
Report Code: TIPRE00029724
| No. of Pages: 150
| Category: Energy and Power
| Status: Upcoming
MARKET OVERVIEW The rising energy demand and the requirement for a clean environment have resulted in huge investments in renewable energy such as wind turbines worldwide. As the demand for sustainable energy increases, a rising necessity for robust, highly efficient, and reliable wind turbines drives the wind turbine generator market's growth. Additionally, the cost of electricity generated by utilizing wind energy is anticipated to reduce in the forecast period due to technological advancements, which are expected to provide significant growth potential for the wind turbine generator market in the forecast period. Furthermore, the rising demand for renewable energy sources, especially wind power, and efforts to reduce the dependence on fossil fuel-based energy generation are expected to be the major factors that will drive the market's growth.
MARKET SCOPE The "Global Wind Turbine Generator Market Analysis to 2028" is a specialized and in-depth study of the Energy and Power industry with a special focus on the global market trend analysis. The report aims to provide an overview of the wind turbine generator market with detailed market segmentation by generator type, drive, speed, and geography. The global wind turbine generator market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading wind turbine generator market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION The global wind turbine generator market is segmented by generator type, drive, and speed.
Based on generator type, the market is segmented into Direct Current Generators, Alternating Current Asynchronous Generators, Switched Reluctance Generators.
On the basis of drive, the market is segmented into Direct Drive, Geared Drive.
On the basis of speed, the market is segmented into Fixed, Variable.
MARKET DYNAMICS Drivers-
The adoption of offshore wind markets for wind energy with the help of advanced technologies has attracted many nations and companies for high investments, which might drive the market growth in the forecast period. Restrains
The massive investment in the installation of wind turbines generator is anticipated to hamper the market growth.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 affecting the automotive connector's market in these regions.
IMPACT OF COVID-19 The COVID-19 pandemic has greatly impacted the growth of the wind turbine generator market in terms of delays in manufacturing and the supply of raw materials or new turbine generators. COVID-19 has impacted almost all industries across the globe. The industrial operations and manufacturing units were shut down due to delays in the supply chains, and many companies' operations were affected due to the unavailability of a workforce. Apart from that, many vendors migrated to their hometowns owing to the uncertainties in their income during the lockdown, so the production and manufacturing activities came to a halt. Even during the forecast, the growth could be hampered due to the workforce shortage. Moreover, In 2020, the Mitsubishi heavy industry and Copenhagen Infrastructure Partners signed a joint venture to develop offshore wind projects in Hokkaido, Japan. Furthermore, in Aug 2021, Ming Yang Wind Power Group Limited added a MySE 16.0-242, specially developed for high-wind IEC IB hybrid drive. The key developments have been happening, such as new product launches, joint ventures, and collaboration, which will help the market recover from the disruptions due to the covid-19 pandemic.
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The reports cover key developments in the wind turbine generator market as 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 the way for the expansion of business and customer base of market players. The market players from wind turbine generator market are anticipated to lucrative growth opportunities in the future with the rising demand for wind turbine generator in the global market. Below mentioned is the list of few companies engaged in the wind turbine generator market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wind turbine generator market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.
Bergey Windpower Co.
CRRC Wind Power Co., Ltd
Doosan Heavy Industries & Construction
Eocycle Technologies Inc
HYOSUNG HEAVY INDUSTRIES
Hyundai Heavy Industries Co., Ltd
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.
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The List of Companies
1. Bergey Windpower Co 2. CRRC Wind Power Co., Ltd 3. Doosan Heavy Industries and Construction 4. Enercon GmbH 5. Eocycle Technologies Inc 6. General Electric 7. Hitachi, Ltd 8. HYOSUNG HEAVY INDUSTRIES 9. Hyundai Heavy Industries Co., Ltd 10. MAPNA Group