Market Research Report
Global Wind Turbine Components Market 2021-2025
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||987813|
|Published||Content info||120 Pages
Delivery time: 1-2 business days
|Global Wind Turbine Components Market 2021-2025|
|Published: February 5, 2021||Content info: 120 Pages||
Technavio has been monitoring the wind turbine components market and it is poised to grow by $ 27.72 bn during 2021-2025, progressing at a CAGR of 5% during the forecast period. Our report on wind turbine components market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rapid growth of global wind power market, rising investments in clean sources of energy, and presence of regulations that encourage power generation from renewable sources. In addition, rapid growth of global wind power market is anticipated to boost the growth of the market as well.
The wind turbine components market analysis includes application segment, product segment and geographical landscapes.
Technavio's wind turbine components market is segmented as below:
By Geographical Landscapes
This study identifies the consistently declining cost of wind power as one of the prime reasons driving the wind turbine components market growth during the next few years. Also, advent of wind-solar hybrid plants with battery storage, and popularity of offshore wind farms will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on wind turbine components market covers the following areas:
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wind turbine components market vendors that include Dongfang Electric Corp., General Electric Co., ISHIBASHI Manufacturing Co. Ltd., Mingyang Smart Energy Group Co. Ltd., Siemens AG, Sinoma Science & Technology Co. Ltd., Suzlon Energy Ltd., Vestas Wind System AS, Xinjiang Goldwind Science & Technology Co. Ltd., and ZF Friedrichshafen AG. Also, the wind turbine components market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.