PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1466165
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1466165
Middle East and Africa Wind Turbine Components Market, By Component; By Installation Services; By End User; By Application; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
Middle East and Africa Wind Turbine Components Market Size Expanding at Steady CAGR of 5.11% to Reach USD 2.56 Billion by 2030
Middle East and Africa Wind Turbine Components Market is flourishing because of the growing demand for clean energy and supportive government policies.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa Wind Turbine Components Market size at USD 1.78 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Middle East and Africa Wind Turbine Components Market size to expand at a CAGR of 5.11% reaching a value of USD 2.56 billion by 2030. Growing energy demand and increased investment in the renewable energy industry are two of the main development drivers for the Middle East and Africa Wind Turbine Components Market. Furthermore, over the forecast period, technical advances and innovations in wind turbine components would give the Middle East and Africa wind turbine components market attractive expansion opportunities.
Opportunity: Rising demand for wind turbine components from wind farm developers
Based on end user, the Middle East and Africa Wind Turbine Components Market is bifurcated into wind farm developers and original equipment manufacturers (OEMs) segments. The wind farm developers segment holds the largest share in the Middle East and Africa Wind Turbine Components Market by end user. The segment's dominance is mainly attributed to the significant presence of large developers, such as Alcazar Energy, Masdar, ENEL Group, and Lekela Power, in the MEA region. The original equipment manufacturers (OEMs) segment is also expanding at a substantial rate owing to governments' supportive initiatives to boost the wind energy sector.
Middle East and Africa Wind Turbine Components Market
Segmental Coverage
Middle East and Africa Wind Turbine Components Market - By Application
Based on application, the Middle East and Africa Wind Turbine Components Market is segmented into residential, utility, industrial, and commercial. The industrial segment accounts for the highest market share. The use of wind energy grants government subsidies to industries as well as helps them achieve 'green business' targets in the market. Furthermore, adopting wind energy also allows businesses to stabilize their energy costs and supplies. However, the residential segment is forecast to register a high growth rate during the period in analysis.
Middle East and Africa Wind Turbine Components Market - By Country
The in-depth research report on the Middle East and Africa Wind Turbine Components Market covers the regional market in a number of major countries, including Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and rest of MEA. Saudi Arabia dominates the Middle East and Africa Wind Turbine Components Market owing to the high investments in the wind energy sector. The Kingdom has been substantially launching various wind projects, such as the 700 MW Yanbu Wind Farm in Al Madinah, the 600 MW Al-Ghat Wind Farm in Riyadh, and the 500 MW Waad Al Shamal Wind Farm in the Northern Borders region. These projects are expected to directly boost the demand for wind turbine components in Saudi Arabia.
Competitive Landscape
Major players operating in the Middle East and Africa Wind Turbine Components Market include Siemens Gamesa Renewable Energy, Vestas Wind Systems, General Electric (GE) Renewable Energy, Nordex Group, Suzlon Energy Limited, Senvion GmbH, Envision Energy, Goldwind, Ming Yang Smart Energy, and Dongfang Electric Corporation.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Middle East and Africa Wind Turbine Components Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Middle East and Africa Wind Turbine Components Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Middle East and Africa Wind Turbine Components Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Driver
- 3.2.1.1. Growing Demand for Clean Energy
- 3.2.1.2. Supportive Government Policies
- 3.2.1.3. Rising Power Demand
- 3.2.1.4. Technological Advancements
- 3.2.2. Restraints
- 3.2.2.1. High Upfront Investment Costs
- 3.2.2.2. Limited Grid Infrastructure
- 3.2.2.3. Competition from Traditional Energy Sources
- 3.2.2.4. Political and Economic Instability
- 3.2.3. Opportunities
- 3.2.3.1. Development in Remote Areas
- 3.2.3.2. Regional Cooperation
- 3.2.3.3. Integration with Other Renewables
- 3.2.3.4. Focus on Local Manufacturing
- 3.2.4. Challenges
- 3.2.4.1. Securing Financing
- 3.2.4.2. Skilled Workforce Shortage
- 3.2.4.3. Social Acceptance
- 3.2.1. Growth Driver
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Middle East and Africa Wind Turbine Components Market: Marketing Strategies
5. Middle East and Africa Wind Turbine Components Market Overview
- 5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share and Forecast
- 5.2.1. By Components
- 5.2.1.1. Rotor Blades
- 5.2.1.2. Nacelle
- 5.2.1.3. Tower
- 5.2.1.4. Gearbox
- 5.2.1.5. Control Systems
- 5.2.1.6. Generators
- 5.2.1.7. Others
- 5.2.2. By Installation Services
- 5.2.2.1. Onshore
- 5.2.2.2. Offshore
- 5.2.3. By End User
- 5.2.3.1. Wind Farm Developers
- 5.2.3.2. Original Equipment Manufacturers (OEMs)
- 5.2.4. By Application
- 5.2.4.1. Residential
- 5.2.4.2. Utility
- 5.2.4.3. Industrial
- 5.2.4.4. Commercial
- 5.2.5. By Country
- 5.2.5.1. Saudi Arabia
- 5.2.5.2. UAE
- 5.2.5.3. Qatar
- 5.2.5.4. Kuwait
- 5.2.5.5. South Africa
- 5.2.5.6. Nigeria
- 5.2.5.7. Algeria
- 5.2.5.8. Rest of MEA
- 5.2.1. By Components
6. Saudi Arabia Wind Turbine Components Market
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Components
- 6.2.2. By Installation Services
- 6.2.3. By End User
- 6.2.4. By Application
7. UAE Wind Turbine Components Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Components
- 7.2.2. By Installation Services
- 7.2.3. By End User
- 7.2.4. By Application
8. Qatar Wind Turbine Components Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Components
- 8.2.2. By Installation Services
- 8.2.3. By End User
- 8.2.4. By Application
9. Kuwait Wind Turbine Components Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Components
- 9.2.2. By Installation Services
- 9.2.3. By End User
- 9.2.4. By Application
10. South Africa Wind Turbine Components Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Components
- 10.2.2. By Installation Services
- 10.2.3. By End User
- 10.2.4. By Application
11. Nigeria Wind Turbine Components Market
- 11.1. Market Size & Forecast, 2019-2030
- 11.1.1. By Value (USD Billion)
- 11.2. Market Share & Forecast
- 11.2.1. By Components
- 11.2.2. By Installation Services
- 11.2.3. By End User
- 11.2.4. By Application
12. Algeria Wind Turbine Components Market
- 12.1. Market Size & Forecast, 2019-2030
- 12.1.1. By Value (USD Billion)
- 12.2. Market Share & Forecast
- 12.2.1. By Components
- 12.2.2. By Installation Services
- 12.2.3. By End User
- 12.2.4. By Application
13. Rest of MEA Wind Turbine Components Market
- 13.1. Market Size & Forecast, 2019-2030
- 13.1.1. By Value (USD Billion)
- 13.2. Market Share & Forecast
- 13.2.1. By Components
- 13.2.2. By Installation Services
- 13.2.3. By End User
- 13.2.4. By Application
14. Competitive Landscape
- 14.1. List of Key Players and Their Offerings
- 14.2. Middle East and Africa Wind Turbine Components Market Share Analysis, 2023
- 14.3. Competitive Benchmarking, By Operating Parameters
- 14.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
15. Impact of Escalating Geopolitical Tensions on Middle East and Africa Wind Turbine Components Market
16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 16.1. Siemens Gamesa Renewable Energy
- 16.2. Vestas Wind Systems
- 16.3. General Electric (GE) Renewable Energy
- 16.4. Nordex Group
- 16.5. Suzlon Energy Limited
- 16.6. Senvion GmbH
- 16.7. Envision Energy
- 16.8. Goldwind
- 16.9. Ming Yang Smart Energy
- 16.10. Dongfang Electric Corporation
- 16.11. Other Prominent Players
17. Key Strategic Recommendations
18. Research Methodology
- 18.1. Qualitative Research
- 18.1.1. Primary & Secondary Research
- 18.2. Quantitative Research
- 18.3. Market Breakdown & Data Triangulation
- 18.3.1. Secondary Research
- 18.3.2. Primary Research
- 18.4. Breakdown of Primary Research Respondents, By Region
- 18.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 Middle East and Africa Wind Turbine Components Market Segmentation
- Figure 2 Middle East and Africa Wind Turbine Components Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Middle East and Africa Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Figure 5 Middle East and Africa Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Figure 6 Middle East and Africa Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Figure 7 Middle East and Africa Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Figure 8 Middle East and Africa Wind Turbine Components Market Share, By Application, By Value, 2019-2030
- Figure 9 Middle East and Africa Wind Turbine Components Market Share, By Country, By Value, 2019-2030
- Figure 10 Saudi Arabia Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Figure 11 Saudi Arabia Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Figure 12 Saudi Arabia Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Figure 13 Saudi Arabia Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Figure 14 Saudi Arabia Wind Turbine Components Market Share, By Application, By Value, 2019-2030
- Figure 15 UAE Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Figure 16 UAE Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Figure 17 UAE Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Figure 18 UAE Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Figure 19 UAE Wind Turbine Components Market Share, By Application, By Value, 2019-2030
- Figure 20 Qatar Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Figure 21 Qatar Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Figure 22 Qatar Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Figure 23 Qatar Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Figure 24 Qatar Wind Turbine Components Market Share, By Application, By Value, 2019-2030
- Figure 25 Kuwait Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Figure 26 Kuwait Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Figure 27 Kuwait Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Figure 28 Kuwait Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Figure 29 Kuwait Wind Turbine Components Market Share, By Application, By Value, 2019-2030
- Figure 30 South Africa Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Figure 31 South Africa Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Figure 32 South Africa Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Figure 33 South Africa Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Figure 34 South Africa Wind Turbine Components Market Share, By Application, By Value, 2019-2030
- Figure 35 Nigeria Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Figure 36 Nigeria Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Figure 37 Nigeria Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Figure 38 Nigeria Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Figure 39 Nigeria Wind Turbine Components Market Share, By Application, By Value, 2019-2030
- Figure 40 Algeria Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Figure 41 Algeria Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Figure 42 Algeria Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Figure 43 Algeria Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Figure 44 Algeria Wind Turbine Components Market Share, By Application, By Value, 2019-2030
- Figure 45 Rest of MEA Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Figure 46 Rest of MEA Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Figure 47 Rest of MEA Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Figure 48 Rest of MEA Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Figure 49 Rest of MEA Wind Turbine Components Market Share, By Application, By Value, 2019-2030
List of Tables
- Table 1 Middle East and Africa Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Table 2 Middle East and Africa Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Table 3 Middle East and Africa Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Table 4 Middle East and Africa Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Table 5 Middle East and Africa Wind Turbine Components Market Share, By Application, By Value, 2019-2030
- Table 6 Middle East and Africa Wind Turbine Components Market Share, By Country, By Value, 2019-2030
- Table 7 Saudi Arabia Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Table 8 Saudi Arabia Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Table 9 Saudi Arabia Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Table 10 Saudi Arabia Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Table 11 Saudi Arabia Wind Turbine Components Market Share, By Application, By Value, 2019-2030
- Table 12 UAE Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Table 13 UAE Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Table 14 UAE Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Table 15 UAE Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Table 16 UAE Wind Turbine Components Market Share, By Application, By Value, 2019-2030
- Table 17 Qatar Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Table 18 Qatar Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Table 19 Qatar Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Table 20 Qatar Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Table 21 Qatar Wind Turbine Components Market Share, By Application, By Value, 2019-2030
- Table 22 Kuwait Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Table 23 Kuwait Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Table 24 Kuwait Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Table 25 Kuwait Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Table 26 Kuwait Wind Turbine Components Market Share, By Application, By Value, 2019-2030
- Table 27 South Africa Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Table 28 South Africa Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Table 29 South Africa Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Table 30 South Africa Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Table 31 South Africa Wind Turbine Components Market Share, By Application, By Value, 2019-2030
- Table 32 Nigeria Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Table 33 Nigeria Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Table 34 Nigeria Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Table 35 Nigeria Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Table 36 Nigeria Wind Turbine Components Market Share, By Application, By Value, 2019-2030
- Table 37 Algeria Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Table 38 Algeria Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Table 39 Algeria Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Table 40 Algeria Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Table 41 Algeria Wind Turbine Components Market Share, By Application, By Value, 2019-2030
- Table 42 Rest of MEA Wind Turbine Components Market Size, By Value (USD Billion), 2019-2030
- Table 43 Rest of MEA Wind Turbine Components Market Share, By Components, By Value, 2019-2030
- Table 44 Rest of MEA Wind Turbine Components Market Share, By Installation Services, By Value, 2019-2030
- Table 45 Rest of MEA Wind Turbine Components Market Share, By End User, By Value, 2019-2030
- Table 46 Rest of MEA Wind Turbine Components Market Share, By Application, By Value, 2019-2030
- Table 47 Siemens Gamesa Renewable Energy Company Overview
- Table 48 Siemens Gamesa Renewable Energy Company Overview
- Table 49 Vestas Wind Systems Company Overview
- Table 50 Vestas Wind Systems Company Overview
- Table 51 General Electric (GE) Renewable Energy Company Overview
- Table 52 General Electric (GE) Renewable Energy Company Overview
- Table 53 Nordex Group Company Overview
- Table 54 Nordex Group Company Overview
- Table 55 Suzlon Energy Limited Company Overview
- Table 56 Suzlon Energy Limited Company Overview
- Table 57 Senvion GmbH Company Overview
- Table 58 Senvion GmbH Company Overview
- Table 59 Envision Energy Company Overview
- Table 60 Envision Energy Company Overview
- Table 61 Goldwind Company Overview
- Table 62 Goldwind Company Overview
- Table 63 Ming Yang Smart Energy Company Overview
- Table 64 Ming Yang Smart Energy Company Overview
- Table 65 Dongfang Electric Corporation Company Overview
- Table 66 Dongfang Electric Corporation Company Overview
- Table 67 Other Prominent Players Company Overview
- Table 68 Other Prominent Players Company Overview
