Wind Power Generator Market - Global Wind Power Generator Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - (By Application Coverage, By Installation Coverage, By End User Coverage, By Geographic Coverage and By Company)

Description

Fairfield Market Research, a leading market intelligence firm, has released its latest report on the global wind power generator market, forecasting robust growth and significant opportunities in the coming years. The report highlights key trends, growth determinants, barriers, and regional frontrunners shaping the trajectory of the market.

According to the report, the global market for wind power generators, valued at US$20.7 billion in 2022, is projected to reach approximately US$31 billion by 2030. The market is expected to expand at a compound annual growth rate (CAGR) of 5.3% between 2023 and 2030. This growth is attributed to ongoing advancements in technology, supportive government policies, and a growing focus on environmental sustainability.

Quick Report Digest

The report outlines several key factors driving the growth of the global wind power generator market:

1. Advancements in Technology and Supportive Government Policies: Innovations in wind turbine technology and robust governmental support through incentives and renewable energy targets are driving market growth.
2. Environmental Sustainability Drive: Heightened global awareness of climate change is propelling the demand for clean energy sources like wind power, contributing to substantial market growth.
3. Offshore Wind Farms: There is a notable shift towards larger, more efficient turbines, with offshore wind farms gaining prominence due to stronger and more consistent wind resources.
4. Digitalization and Smart Technologies: The integration of digitalization and smart technologies is optimizing operations and maintenance processes in the wind power generator market.

Major Growth Determinants

The report identifies advancements in technology, supportive government policies, and a drive towards environmental sustainability as major growth determinants in the wind power generator market. Additionally, the growing prominence of offshore wind farms and increasing integration of energy storage solutions present significant opportunities for industry players.

Asia Pacific Leads Wind Power Generator Market, Riding on Abundant Resources and Strategic Investments

The Asia Pacific region dominates as the premier market for wind power generators, capitalizing on its ample resources and strategic investments. With surging energy demands and a growing environmental consciousness, Asia Pacific stands at the forefront of the industry's expansion. China, in particular, stands out as a pivotal player, driving monumental deployments of both onshore and offshore wind projects. The report underscores China's central role, predicting that its primacy and expansive projects will continue to fuel the region's overall wind power surge.

Simultaneously, India is making significant strides in bolstering its wind capacity, leveraging its abundant wind resources alongside strategic investments in wind infrastructure. The convergence of burgeoning economies, favorable governmental policies, and competitive pricing firmly positions Asia Pacific as a vibrant and thriving hub for the wind power industry, poised for sustained and rapid expansion. The region is anticipated to maintain a commanding share, contributing more than 43% of the total market revenue.

Europe Emerges as Lucrative Market with Favorable Regulatory Landscape

In parallel, Europe emerges as a lucrative market for wind power generators, driven by its progressive regulatory frameworks, ambitious renewable energy targets, and a well-established wind energy sector. Serving as the global innovation hub, Europe is expected to uphold its leadership in wind energy, buoyed by strong governmental support. Notably, stalwart nations such as Germany, the UK, and Denmark have spearheaded the widespread adoption of wind power.

Currently capturing over 25% share of the global market valuation, Europe's pre-eminence is further accentuated by its robust offshore wind sector, ongoing grid infrastructure development, and steadfast governmental backing. The region stands as a trailblazer in technological advancements, with collaborative initiatives solidifying its status as a global hub for innovation in wind energy.

Competitive Landscape Analysis

The global wind power generator market is consolidated, with key players such as:

General Electric
Vestas
Ming Yang Smart Energy Group Limited
Siemens
ENERCON GmbH
Senvion
Goldwind
Samsung Electronics
United Power, Inc.
NORDEX SE

Global Wind Power Generator Market is Segmented as Below:

By Application

Horizontal Axis
Vertical Axis

By Installation

Onshore
Offshore

By End User

Commercial & Industrial
Utility & Power
Others

By Geographic Coverage:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

1. Executive Summary

1.1. Global Wind Power Generator Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
- 2.2.4. Economic Trends
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact
- 2.5.1. Supply Chain

3. Global Wind Power Generator Market Outlook, 2019 - 2030

3.1. Global Wind Power Generator Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
- 3.1.1. Key Highlights

3.1.1.1 Horizontal Axis

3.1.1.2 Vertical Axis

3.1.2. BPS Analysis/Market Attractiveness Analysis, by Application

3.2. Global Wind Power Generator Market Outlook, by Installation, Value (US$ Mn), 2019 - 2030
- 3.2.1. Key Highlights
  - 3.2.1.1. Onshore
  - 3.2.1.2. Offshore
- 3.2.2. BPS Analysis/Market Attractiveness Analysis, by Installation
3.3. Global Wind Power Generator Market Outlook, by End User, Value (US$ Mn), 2019 - 2030
- 3.3.1. Key Highlights

3.3.1.1 Commercial & industrial

3.3.1.2 Utility and Power

3.3.1.3 Others

3.3.2. BPS Analysis/Market Attractiveness Analysis, by End User

3.4. Global Wind Power Generator Market Outlook, by Region, Value (US$ Mn), 2019 - 2030
- 3.4.1. Key Highlights
  - 3.4.1.1. North America
  - 3.4.1.2. Europe
  - 3.4.1.3. Asia Pacific
  - 3.4.1.4. Middle East & Africa
  - 3.4.1.5. Latin America
- 3.4.2. BPS Analysis/Market Attractiveness Analysis, by Region

4. North America Wind Power Generator Market Outlook, 2019 - 2030

4.1. North America Wind Power Generator Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
- 4.1.1. Key Highlights

4.1.1.1 Horizontal Axis

4.1.1.2 Vertical Axis

4.2. North America Wind Power Generator Market Outlook, by Installation, Value (US$ Mn), 2019 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Onshore
  - 4.2.1.2. Offshore
4.3. North America Wind Power Generator Market Outlook, by End User, Value (US$ Mn), 2019 - 2030
- 4.3.1. Key Highlights

4.1.1.1 Commercial & industrial

4.1.1.2 Utility and Power

4.1.1.3 Others Residential

4.4. North America Wind Power Generator Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 4.4.1. Key Highlights
  - 4.4.1.1. U.S. Wind Power Generator Market, Value (US$ Mn), by Application, 2019 - 2030
  - 4.4.1.2. Canada Wind Power Generator Market, Value (US$ Mn), by Application, , 2019 - 2030

5. Europe Wind Power Generator Market Outlook, 2019 - 2030

5.1. Europe Wind Power Generator Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
- 5.1.1. Key Highlights

5.3.1.1 Horizontal Axis

5.3.1.2 Vertical Axis

5.2. Europe Wind Power Generator Market Outlook, by Installation, Value (US$ Mn), 2019 - 2030
- 5.2.1. Key Highlights

5.3.1.1 5.2.1. Onshore

5.3.1.2 Offshore

5.3. Europe Wind Power Generator Market Outlook, by End User, Value (US$ Mn), 2019 - 2030
- 5.3.1. Key Highlights

5.3.1.1 Commercial & industrial

5.3.1.2 Utility and Power

5.3.1.3 Others

5.4. Europe Wind Power Generator Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 5.4.1. Key Highlights
  - 5.4.1.1. Germany Wind Power Generator Market, Value (US$ Mn), by Application, 2019 - 2030
  - 5.4.1.2. France Wind Power Generator Market, Value (US$ Mn), by Application, 2019 - 2030
  - 5.4.1.3. U.K. Wind Power Generator Market, Value (US$ Mn), by Application, 2019 - 2030
  - 5.4.1.4. Italy Wind Power Generator Market, Value (US$ Mn), by Application, 2019 - 2030
  - 5.4.1.5. Spain Wind Power Generator Market, Value (US$ Mn), by Application, 2019 - 2030
  - 5.4.1.6. Rest of Europe Wind Power Generator Market, Value (US$ Mn), by Application, 2019 - 2030

6. Asia Pacific Wind Power Generator Market Outlook, 2019 - 2030

6.1. Asia Pacific Wind Power Generator Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
- 6.1.1. Key Highlights

6.3.1.1 Horizontal Axis

6.3.1.2 Vertical Axis

6.2. Asia Pacific Wind Power Generator Market Outlook, by Installation, Value (US$ Mn), 2019 - 2030
- 6.2.1. Key Highlights

6.3.1.1 Onshore

6.3.1.2 Offshore

6.3. Asia Pacific Wind Power Generator Market Outlook, by End User, Value (US$ Mn), 2019 - 2030
- 6.3.1. Key Highlights

6.3.1.1 Commercial & industrial

6.3.1.2 Utility and Power

6.3.1.3 Others

6.4. Asia Pacific Wind Power Generator Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 6.4.1. Key Highlights
  - 6.4.1.1. China Wind Power Generator Market, Value (US$ Mn), by Application, 2019 - 2030
  - 6.4.1.2. India Wind Power Generator Market, Value (US$ Mn), by Application, 2019 - 2030
  - 6.4.1.3. Japan Wind Power Generator Market, Value (US$ Mn), by Application, 2019 - 2030
  - 6.4.1.4. South Kores Wind Power Generator Market, Value (US$ Mn), by Application, 2019 - 2030
  - 6.4.1.4. Australia Wind Power Generator Market, Value (US$ Mn), by Application, 2019 - 2030
  - 6.4.1.5. Rest of Asia Pacific Wind Power Generator Market, Value (US$ Mn), by Application, 2019 - 2030

7. Middle East & Africa Wind Power Generator Market Outlook, 2019 - 2030

7.1. Middle East & Africa Wind Power Generator Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
- 7.1.1. Key Highlights

7.1.1.1 . HORIZONTAL AXIS

7.1.1.2 Vertical Axis

7.2. Middle East & Africa Wind Power Generator Market Outlook, by Installation, Value (US$ Mn), 2019 - 2030
- 7.2.1. Key Highlights

7.3.1.1 Onshore

7.3.1.2 Offshore

7.3. Middle East & Africa Wind Power Generator Market Outlook, by End User, Value (US$ Mn), 2019 - 2030
- 7.3.1. Key Highlights

7.3.1.1 Commercial & industrial

7.3.1.2 Utility and Power

7.3.1.3 Others

7.4. Middle East & Africa Wind Power Generator Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 7.4.1. Key Highlights
  - 7.4.1.1. GCC countries Wind Power Generator Market, Value (US$ Mn), by Application, 2019 - 2030
  - 7.4.1.4. South Africa Wind Power Generator Market, Value (US$ Mn), by Application, 2019 - 2030
  - 7.4.1.5. Rest of Middle East & Africa Wind Power Generator Market, Value (US$ Mn), by Application, 2019 - 2030

8. Latin America Wind Power Generator Market Outlook, 2019 - 2030

8.1. Latin America Wind Power Generator Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
- 8.1.1. Key Highlights

8.3.1.1 HORIZONTAL AXIS

8.3.1.2 Vertical Axis

8.2. Latin America Wind Power Generator Market Outlook, by Installation, Value (US$ Mn), 2019 - 2030
- 8.2.1. Key Highlights

8.1.1.1 Onshore

8.1.1.2 Offshore

8.3. Middle East & Africa Wind Power Generator Market Outlook, by End User, Value (US$ Mn), 2019 - 2030
- 8.3.1. Key Highlights

8.1.1.1 Commercial & industrial

8.1.1.2 Utility and Power

8.1.1.3 Others

8.4. Latin America Wind Power Generator Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 8.4.1. Key Highlights
  - 8.4.1.1. Brazil Wind Power Generator Market, Value (US$ Mn), by Application, 2019 - 2030
  - 8.4.1.2. Mexico Wind Power Generator Market, Value (US$ Mn), by Application, End-user Industry, 2019 - 2030
  - 8.4.1.4. Rest of Latin America Wind Power Generator Market, Value (US$ Mn), by Application, End-user Industry, 2019 - 2030

9. Competitive Landscape

9.1. Company Market Share Analysis, 2022
9.2. Strategic Collaborations
9.3. Company Profiles
- 9.3.1. vestas wind systems
  - 9.3.1.1. Company Overview
  - 9.3.1.2. Product Portfolio
  - 9.3.1.3. Financial Overview
  - 9.3.1.4. Business Strategies and Development
- 9.3.2. Goldwind
  - 9.3.2.1. Company Overview
  - 9.3.2.2. Product Portfolio
  - 9.3.2.3. Financial Overview
  - 9.3.2.4. Business Strategies and Development
- 9.3.3. General Electric Company
  - 9.3.3.1. Company Overview
  - 9.3.3.2. Product Portfolio
  - 9.3.3.3. Financial Overview
  - 9.3.3.4. Business Strategies and Development
- 9.3.4. Enercon
  - 9.3.4.1. Company Overview
  - 9.3.4.2. Product Portfolio
  - 9.3.4.3. Financial Overview
  - 9.3.4.4. Business Strategies and Development
- 9.3.5. Hitachi
  - 9.3.5.1. Company Overview
  - 9.3.5.2. Product Portfolio
  - 9.3.5.3. Financial Overview
  - 9.3.5.4. Business Strategies and Development
- 9.3.6. Siemens AG
  - 9.3.6.1. Company Overview
  - 9.3.6.2. Product Portfolio
  - 9.3.6.3. Financial Overview
  - 9.3.6.4. Business Strategies and Development
- 9.3.7. Nordex SE
  - 9.3.7.1. Company Overview
  - 9.3.7.2. Product Portfolio
  - 9.3.7.3. Financial Overview
  - 9.3.7.4. Business Strategies and Development
- 9.3.8. United Power
  - 9.3.8.1. Company Overview
  - 9.3.8.2. Product Portfolio
  - 9.3.8.3. Financial Overview
  - 9.3.8.4. Business Strategies and Development
- 9.3.9. Senvion
  - 9.3.9.1. Company Overview
  - 9.3.9.2. Product Portfolio
  - 9.3.9.3. Financial Overview
  - 9.3.9.4. Business Strategies and Development
- 9.3.9. Siemens
  - 9.3.10.1. Company Overview
  - 9.3.10.2. Product Portfolio
  - 9.3.10.3. Financial Overview
  - 9.3.10.4. Business Strategies and Development
- 9.3.11. Others
  - 9.3.11.1. Company Overview
  - 9.3.11.2. Product Portfolio
  - 9.3.11.3. Financial Overview
  - 9.3.11.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations