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Wind Turbine Market Share

Report ID: GMI2679
Published Date: Dec 2024
Report Format: PDF

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Wind Turbine Market Share

The competitive landscape in the wind turbine industry is shaped by large, established players with a focus on technology innovation, cost reduction, and global market expansion. The industry has several dominant global players, but there is also a growing number of regional and smaller players. The wind turbine sector has seen an increase in mergers and acquisitions as companies look to strengthen their positions, enter new markets, or gain access to new technologies.

Wind Turbine Market Companies

Eminent players operating in the wind turbine industry are:

Envision group
Enercon
General Electric
Goldwind
Mingyang Smart Energy Group Co., Ltd.
Nordex
Siemens Gamesa Renewable Energy
Suzlon Energy
Senvion
Vestas
Zhejiang Windey Co., Ltd.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The global market for wind turbine was reached USD 151.8 billion in 2024 and is estimated to grow at a 7.4% CAGR from 2025 to 2034, driven by supportive regulatory measures aimed at curbing GHG emissions.

The horizontal axis segment is projected to exceed USD 303 billion by 2034, due to its efficiency, scalability, and versatility across diverse applications.

The onshore segment is anticipated to register a CAGR of more than 5.5% through 2034, fueled by technological advancements and increased government support for sustainable energy.

The U.S. wind turbine market is likely to exceed USD 34 billion by 2034, led by advancements in machinery, enhanced logistics supply, and innovative business models.

Key players in the wind turbine industry include Envision Group, Enercon, General Electric, Goldwind, Mingyang Smart Energy Group Co., Ltd., Nordex, Siemens Gamesa Renewable Energy, Suzlon Energy, Senvion, Vestas, and Zhejiang Windey Co., Ltd.