Need help finding what you are looking for?
Contact Us
PUBLISHER: IMARC | PRODUCT CODE: 1451009
PUBLISHER: IMARC | PRODUCT CODE: 1451009
Wind Turbine Components Market Report by Component (Rotator Blade, Gearbox, Generator, Nacelle, Tower, and Others), Wind Turbine Type (Grid Connected, Standalone), Wind Farm Type (Onshore, Offshore), and Region 2024-2032
PUBLISHED:
PAGES: 146 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
The global wind turbine components market size reached US$ 127.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 225.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.4% during 2024-2032.
Wind turbine components refer to the devices used for converting kinetic energy generated from the wind to electric energy. It consists of an anemometer to measure the speed of the wind and transmit the data, multiple blades to rotate and cause the rotor to spin, a brake to stop the rotor mechanically, electrically or hydraulically, a controller to start up and shut off the machine, a generator and a gearbox. The turbine also consists of a nacelle, drive train, power transformer and yaw, pitch, lubrication, and Supervisory Control and Data Acquisition (SCADA) systems. These components are usually manufactured using stainless steel, fiberglass, resin, iron, copper, aluminum, and plastic to protect the turbines from weathering and corrosion, thereby enhancing the components' longevity and ensuring reliable functioning.
Wind Turbine Components Market Trends:
The increasing demand for renewable sources of energy, along with the growing electricity requirements across the globe, is one of the key factors creating a positive impact on the market. Due to rising environmental consciousness among the masses, there is an increasing adoption of wind energy systems for power generation in green buildings, which is contributing to the market growth. Additionally, various technological advancements, such as the development of 3D printed components, are acting as other growth-inducing factors. Manufacturers are using innovating 3D printing technology to create cost-effective and more durable rotor blades with improved design capabilities and greater energy absorption. Other factors, including the implementation of favorable government policies promoting sustainable infrastructural development, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global wind turbine components market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, wind turbine type and wind farm type.
Breakup by Component:
Rotator Blade
Gearbox
Generator
Nacelle
Tower
Others
Breakup by Wind Turbine Type:
Grid Connected
Standalone
Breakup by Wind Farm Type:
Onshore
Offshore
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Enercon GmbH, GE Renewable Energy, Nordex SE, Northern Power Systems Corp. (Distributed Energy Systems Corp.), Siemens Gamesa Renewable Energy (Siemens AG), Sinovel Wind Group Co. Ltd., Suzlon Energy Ltd., United Power Inc. (United Power Technology), Vestas Wind Systems A/S and Xinjiang Goldwind Science & Technology Co. Ltd.
Key Questions Answered in This Report
- 1. What was the size of the global wind turbine components market in 2023?
- 2. What is the expected growth rate of the global wind turbine components market during 2024-2032?
- 3. What are the key factors driving the global wind turbine components market?
- 4. What has been the impact of COVID-19 on the global wind turbine components market?
- 5. What is the breakup of the global wind turbine components market based on the component?
- 6. What is the breakup of the global wind turbine components market based on the wind turbine type?
- 7. What is the breakup of the global wind turbine components market based on the wind farm type?
- 8. What are the key regions in the global wind turbine components market?
- 9. Who are the key players/companies in the global wind turbine components market?
Product Code: SR112024A2481
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Wind Turbine Components Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Rotator Blade
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Gearbox
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Generator
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Nacelle
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Tower
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Wind Turbine Type
- 7.1 Grid Connected
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Standalone
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Wind Farm Type
- 8.1 Onshore
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Offshore
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Enercon GmbH
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 GE Renewable Energy
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Nordex SE
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Northern Power Systems Corp. (Distributed Energy Systems Corp.)
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Siemens Gamesa Renewable Energy (Siemens AG)
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Sinovel Wind Group Co. Ltd.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Suzlon Energy Ltd.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 United Power Inc (United Power Technology)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Vestas Wind Systems A/S
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Xinjiang Goldwind Science & Technology Co. Ltd.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.1 Enercon GmbH
Product Code: SR112024A2481
List of Figures
- Figure 1: Global: Wind Turbine Components Market: Major Drivers and Challenges
- Figure 2: Global: Wind Turbine Components Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Wind Turbine Components Market: Breakup by Component (in %), 2023
- Figure 4: Global: Wind Turbine Components Market: Breakup by Wind Turbine Type (in %), 2023
- Figure 5: Global: Wind Turbine Components Market: Breakup by Wind Farm Type (in %), 2023
- Figure 6: Global: Wind Turbine Components Market: Breakup by Region (in %), 2023
- Figure 7: Global: Wind Turbine Components Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 8: Global: Wind Turbine Components (Rotator Blade) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Wind Turbine Components (Rotator Blade) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Wind Turbine Components (Gearbox) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Wind Turbine Components (Gearbox) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Wind Turbine Components (Generator) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Wind Turbine Components (Generator) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Wind Turbine Components (Nacelle) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Wind Turbine Components (Nacelle) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Wind Turbine Components (Tower) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Wind Turbine Components (Tower) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Wind Turbine Components (Other Components) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Wind Turbine Components (Other Components) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Wind Turbine Components (Grid Connected) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Wind Turbine Components (Grid Connected) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Wind Turbine Components (Standalone) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Wind Turbine Components (Standalone) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Wind Turbine Components (Onshore) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Wind Turbine Components (Onshore) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Wind Turbine Components (Offshore) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Wind Turbine Components (Offshore) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: North America: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: North America: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: United States: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: United States: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Canada: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Canada: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Asia Pacific: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Asia Pacific: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: China: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: China: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Japan: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Japan: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: India: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: India: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: South Korea: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: South Korea: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Australia: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Australia: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Indonesia: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Indonesia: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Others: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Others: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Europe: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Europe: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Germany: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Germany: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: France: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: France: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: United Kingdom: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: United Kingdom: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Italy: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Italy: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Spain: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Spain: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Russia: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Russia: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Others: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Others: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Latin America: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Latin America: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Brazil: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Brazil: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Mexico: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Mexico: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Others: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Others: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Middle East and Africa: Wind Turbine Components Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Middle East and Africa: Wind Turbine Components Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Global: Wind Turbine Components Industry: SWOT Analysis
- Figure 77: Global: Wind Turbine Components Industry: Value Chain Analysis
- Figure 78: Global: Wind Turbine Components Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Wind Turbine Components Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Wind Turbine Components Market Forecast: Breakup by Component (in Million US$), 2024-2032
- Table 3: Global: Wind Turbine Components Market Forecast: Breakup by Wind Turbine Type (in Million US$), 2024-2032
- Table 4: Global: Wind Turbine Components Market Forecast: Breakup by Wind Farm Type (in Million US$), 2024-2032
- Table 5: Global: Wind Turbine Components Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Wind Turbine Components Market Structure
- Table 7: Global: Wind Turbine Components Market: Key Players
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.