1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Renewable Energy
  5. > Wind Power Market Trends
  6. > Wind Turbine

Wind Turbine Industry Market Research & Statistics

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
41 votes

Global Wind Turbine Industry

The global wind turbine industry, part of the wind power business, encompasses all manufacturer revenue generated through wind turbine production.

Energy demand is the key factor fuelling market growth. While high-capacity wind turbines have been gaining a foothold, their high cost may prove an obstacle to growth. Leading companies currently operating in the global wind turbine component industry include Xinjiang Goldwind Science & Technology, Vestas Wind Systems, GE Energy and Sinovel Wind Group.

Market Segments

  • Small wind turbines refer to turbines with a power rating equivalent to or less than 100 kilowatts. These turbines are increasingly popular for the generation of renewable electricity as they involve lower outlay costs than large wind turbines. Small wind turbines also have a size advantage of the massive structure of large wind turbines and their lightweight character means they function in light winds. Small wind turbines can be used on rooftops, and are low on noise.

  • Horizontal Axis Wind Turbines provide the most widely used technology for small wind turbines, through other technologies such as Loopwing Turbine are also used. The latter has the added advantage of producing less noise. Traditionally, small wind turbines have been employed for power generation for charging batteries. This sector has benefited from technical innovation that has boosted turbine efficiency, and turbines have been integrated into both home and places of business. State subsidies and general consumer awareness as to the importance of promoting renewable sources of energy are among the factors fuelling the small wind turbine market.

  • The global offshore wind sector continues to witness a steady rate of growth. EU nations including the UK and Denmark are at the forefront of the industry, with China close behind. The market is fuelled by increasing awareness as to the importance of cutting back on emissions harmful to the environment and rising oil prices. Potential obstacles to offshore wind market expansion include costly installation and the complex nature of the technology used.

Regional Market Share

  • Turbines and turbine-related product demand is expected to remain high in China. The Asia-Pacific region is expected to increase its global demand share. The highest increases in share of global demand will be in Africa/Mideast as well as Central and South America. 

Market Outlook

Growth in the global wind turbine market is subject to state subsidies. Government policy and legislation will continue to dictate market development to an extent over coming years.

In the EU, the offshore wind turbine market will continue to grow in importance, reports Yolé Development. Green energy is gaining ground in emerging markets like Asia and South America, with turbines and related converters representing markets that continue to grow in tandem.

To promote efficiency and cut operating and maintenance costs, industry players are likely to opt for a combination of no-gearbox, permanent magnets and full converters. Increasing demands on converters means that they require greater power electronics. The global converters market is currently worth around $4.5 billion. The market is expected to reach $5.5 billion in 2017. Growth over the five-year period ending 2017 will be fuelled by technological innovation. Leading industry players will continue to invest in improving their technological know-how to promote market growth and remain competitive.

Leading Industry Associations

 

Customer Support

Talk to Sam

+33 4 37 65 17 06

68 Reports
Supply, Company, Market Size
460 Statistics
Market Size, Supply, Demand
180 Reports
Supply, Demand, Company
900 Statistics
Supply, Market Size, Demand
41 Reports
Supply, Market Size, Forecast
340 Statistics
Market Size, Supply, Demand
16 Reports
Supply, Market Size, Company Financials
190 Statistics
Market Size, Supply, Demand
79 Reports
Supply, Demand, Company
330 Statistics
Supply, Market Size, Demand
27 Reports
Supply, Demand, Company Financials
320 Statistics
Market Size, Supply, Finance
8 Reports
Supply, Demand, Company
59 Statistics
Market Size, Supply, Demand
13 Reports
Supply, Market Size, Demand
60 Statistics
Supply, Market Size, Demand
45 Reports
Supply, Market Size, Demand
320 Statistics
Market Size, Supply, Demand
13 Reports
Supply, Market Size, Risk Assessment
79 Statistics
Market Size, Supply, Demand
Search in Wind Turbine Industry (About 1700 reports)
Parent industry: Wind Power

About 100 reports

Purchase Reports From Reputable Market Research Publishers
(From € 455 - € 5409)

Wind Turbine Operations and Maintenance Market Analysis By Application (Onshore and Offshore), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2014 - 2025

Wind Turbine Operations and Maintenance Market Analysis By Application (Onshore and Offshore), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2014 - 2025

  • € 5409
  • Industry report
  • June 2017
  • by Grand View Research

The global wind turbine operations & maintenance market is expected to reach USD 20.3 billion by 2025, according to a new report by Grand View Research, Inc.Rising focus to minimize environmental impact ...

Offshore Wind Energy Industry in Asia Pacific: Forecast ... € 5268 May 2017

The Worldwide Offshore Wind Turbines Sector, Forecast u ... € 5268 May 2017

Submarine Power Cable Market: Forecast until 2023 € 5045 June 2018

Floating Power Plant Market: Global Forecast until 2022 € 5045 August 2017

Offshore Wind Market: Global Forecast until 2022 € 5045 May 2017

Global Turbines Industry € 4500 February 2018

Wind Turbine Market by Type of Wind Farm and Applicatio ... € 4218 July 2017

Global Offshore Wind Energy Market: Focus on Components ... € 3954 July 2018

Wind Bearings Market Shares, Strategies, and Forecasts € 3909 August 2018


ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on