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Wind Turbine Market Share

Report ID: GMI2679
Published Date: Mar 2023
Report Format: PDF

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Wind Turbine Market Share

Top companies Top companies operating in the global wind turbine market are ;

Goldwind
ENERCON GmbH
NORDEX SE
Suzlon Energy Limited
S.A.
Siemens Gamesa Renewable Energy
Senvion
Vestas
ENVISION GROUP
General Electric
Zhejiang Windey Co., Ltd.

These firms are engaging in strategic business collaborations and the introduction of smart and advanced turbines to fortify their business footing. For instance, in June 2022, Mingyang Smart Energy Group Co., Ltd., an energy equipment manufacturer, launched the MySE 12MW, a hybrid drive wind turbine for offshore facilities. This upgraded version of its 11 MW platform offers various innovative technologies, including an optimized lubrication system, a multi-sensor wind measuring system, dual drive pitch control, and a multi-source data system.

Authors: Ankit Gupta

Frequently Asked Questions (FAQ) :

The market size of wind turbine crossed USD 141.4 million in 2023 and is primed to progress at over 8.2% gains through 2032, propelled by continuous restructuring and refurbishment of existing infrastructure.

The onshore wind turbine segment is foreseen to depict sizable growth at over 7% CAGR from 2023 to 2032 as a result of its ease of installation, maintenance, and low-cost wind farms.

The utility application segment size reached more than 75.5 GW in 2022 owing to prominent wind energy projects that aim to supply electricity to large facilities, along with the consistent efforts to introduce turbines with more capacity.

The Europe market size is foreseen to surpass 86 GW by 2032 on account of significant investments in wind energy generation in line with the presence of a robust regulatory framework in the region.