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Wind Energy Market Share

Report ID: GMI2387
Published Date: Aug 2024
Report Format: PDF

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Wind Energy Market Share

The competitive landscape for onshore wind energy is characterized by a mix of established players, emerging companies, and technological innovators. This dynamic market is influenced by policy support, technological advancements, cost reductions, and market demand Corporations are increasingly purchasing wind energy through Power Purchase Agreements (PPAs) to meet sustainability goals. Competitive bidding processes for wind energy projects have helped reduce costs and increase the competitiveness of wind power.

Wind Energy Market Companies

Eminent players operating in the wind energy industry are:

Bergey Windpower
CSSC Offshore Wind Power Co., Ltd.
Doosan Corporation
EOLINK
Envision Group
GE Vernova
Goldwind
Hitachi, Ltd.
Mingyang Smart Energy Group Co., Ltd.
Nordex SE
Siemens Gamesa Renewable Energy, S.A.U.,
Sinovel Wind Group Co., Ltd.
Shanghai Electric
Vestas

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of wind energy was worth more than USD 146.4 billion in 2023 and is expected to grow at over 13.8% CAGR through 2032, driven by the increasing demand for electricity.

The onshore segment in the wind energy market will grow at over 9.5% CAGR through 2032, owing to reduced greenhouse gas emissions, energy security, and economic development.

North America wind energy market revenue to cross USD 47 billion by 2032, driven by technological advancements, supportive policies, and market dynamics.

Bergey Windpower, CSSC Offshore Wind Power Co., Ltd., Doosan Corporation, EOLINK, Envision Group, GE Vernova, Goldwind, Hitachi, Ltd., Mingyang Smart Energy Group Co., Ltd., and Nordex SE