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Asia Pacific Wind Turbine Market Share

Report ID: GMI8928
Published Date: Apr 2024
Report Format: PDF

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Asia Pacific Wind Turbine Market Share

Asia Pacific Wind Turbine Company Market Share

Vestas, Goldwind, General Electric, Shanghai Electric, Siemens Gamesa Renewable Energy, S.A., and Suzlon Energy Limited holds majority of the industry share. Manufacturers are responsible for producing wind turbines at scale to meet the growing demand. They invest in manufacturing facilities and processes to increase production capacity while ensuring quality and reliability. Collaborations with developers, utilities, and investors to develop wind energy projects. These partnerships involve sharing expertise, resources, and risks to bring projects from planning to execution.

Asia Pacific Wind Turbine Market Companies

Major key players operating across the Asia Pacific wind turbine industry include:

ENERCON GmbH
ENVISION GROUP
General Electric
Goldwind
Mingyang Smart Energy Group Co., Ltd.
ReGen Powertech
Shanghai Electric
Siemens Gamesa Renewable Energy, S.A.
Suzlon Energy Limited
Vestas
Zhejiang Windey Co., Ltd.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

Asia Pacific market for wind turbine was reached USD 68.03 billion in 2023 and is set to grow at a 5.5% CAGR up to 2032, driven by shift towards renewable energy sources and sustainability initiatives.

The horizontal axis segment in the Asia Pacific wind turbine market is set to reach USD 110.9 billion by 2032 owing to innovations including large rotor diameters and taller towers.

China wind turbine market is set to reach USD 71 billion by 2032, driven by the surging demand for clean electricity generation across remote locations.

ENERCON GmbH, ENVISION GROUP, General Electric, Goldwind, Mingyang Smart Energy Group Co., Ltd., ReGen Powertech, Shanghai Electric, Siemens Gamesa Renewable Energy, S.A., Suzlon Energy Limited, Vestas among others.