The wind power market is expected to gain market growth in the forecast period of 2021 to 2028.
Chemical and Materials
Market Analysis and Insights: Global Wind Power Market
- The wind power market is expected to gain market growth in the forecast period of 2021 to 2028. Data bridge market research analyses that the market is growing with a CAGR of 5.30% in the forecast period of 2021 to 2028 and is expected to reach USD 90.88 billion by 2028.
- The rise in the need for conventional energy is escalating the growth of the wind power market.
- Wind power or wind energy refers to the process where the wind is utilized to generate mechanical power or electricity.
- The kinetic energy is converted by wind turbines in the wind into mechanical power. This mechanical power could be utilized for certain tasks including pumping water or grinding grain or could be converted into electricity by a generator.
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Wind Power Market Scope and Market Size
The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of rating, the wind power market is segmented into ≤ 2 MW, 2≤ 5 MW, 5≤ 8 MW, 8≤10 MW, 10≤ 12 MW, and 12 MW.
- On the basis of location, the wind power market is segmented into onshore and offshore.
- On the basis of components, the wind power market is segmented into turbines, support structures, electrical infrastructure, and others.
- On the basis of application, the wind power market is segmented into utility, commercial, industrial, and residential.
Competitive Landscape and Wind Power Market Share Analysis
The wind power market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wind power market.
Key players
The major players covered in the wind power market report are ACCIONA, NORDEX SE, General Electric, Envision, goldwind, Siemens, Gamesa Renewable Energy, S.A., Suzlon Energy Limited, Vestas, Sinovel Wind Group Co., Ltd., DEC, ENERCON GmbH, Mingyang Smart Energy Group Co., Ltd., juwi AG, Inoxwind, AEROVIDE GmbH among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Wind Power Market
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