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

Topics under Wind Turbine

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

38 Reports
Supply, Company, Market Size
280 Statistics
Market Size, Supply, Demand
120 Reports
Supply, Demand, Company
540 Statistics
Market Size, Supply, Demand
25 Reports
Supply, Market Size, Forecast
190 Statistics
Market Size, Supply, Demand
11 Reports
Supply, Market Size, Demand
140 Statistics
Market Size, Supply, Demand
54 Reports
Supply, Demand, Company
200 Statistics
Supply, Market Size, Demand
19 Reports
Supply, Company Financials, Demand
260 Statistics
Market Size, Supply, Demand
6 Reports
Supply, Demand, Forecast
46 Statistics
Market Size, Supply, Demand
7 Reports
Supply, Market Size, Demand
41 Statistics
Supply, Market Size, Demand
32 Reports
Supply, Market Size, Company Operations
170 Statistics
Market Size, Supply, Demand
4 Reports
Supply, Market Size, Demand
29 Statistics
Supply, Market Size, Demand
Search in Wind Turbine Industry (About 1600 reports)
Parent industry: Wind Power
Related industries: 

About 100 reports

Purchase Reports From Reputable Market Research Publishers
(From € 68 - € 5409)

Wind Turbine Composites Material Market by Fiber Type, Resin, Manufacturing Process, Application, Region - Global Forecast to 2021

Wind Turbine Composites Material Market: Global Forecast until 2021

  • € 5045
  • Industry report
  • March 2017
  • by MarketsandMarkets

“The wind turbine composite market is projected to grow at a CAGR of 9.28% from 2016 to 2021, in terms of value.”The wind turbine composite market is projected to reach USD 12.17 billion by 2021, at ...

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

Wind Turbine Generator Sector: Worldwide Forecast until ... € 2427 May 2017

Germany Renewable Energy Policy Handbook 2018 € 455 February 2018

Wind Power Market Update 9M 2017 € 455 December 2017

Wind Energy Cables Sector: Worldwide Forecast until 202 ... € 2427 October 2017

Wind Turbines Market, Update 2016 - Market Size, Compet ... € 3632 January 2017

Wind Tower Sector: Worldwide Forecast until 2021 € 2427 January 2017

Wind Turbine Monitoring Systems Sector: Worldwide Forec ... € 2427 July 2017

Nacelle-Mounted Systems Sector, focus on Wind Industr ... € 2427 December 2016

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