Industry Background:
Onshore wind turbines are built on land to generate electricity. It is an important factor for the future energy infrastructure. Onshore wind is a proven and mature technology with an extensive global supply chain. Onshore wind market was driven by an acceleration in China as developers rushed to complete projects before subsidies expired. Largest operational onshore wind farms are located in China, India, and the United States.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | General Electric (United States), Vestas (Denmark), Siemens Gamesa (Spain), Goldwind (China), Envision (China), MingYang (China), Windey (China), Nordex (Germany), Shanghai Electric (China) and CSIC (China) |
This growth is primarily driven by Increasing Value to Customers with Proven Performance, Reliability, Efficiency, and Availability.
Globally, a noticeable market trend is evident The Transition towards Renewable Energy
Major Manufacturers, such as General Electric (United States), Vestas (Denmark), Siemens Gamesa (Spain), Goldwind (China), Envision (China), MingYang (China), Windey (China), Nordex (Germany), Shanghai Electric (China) and CSIC (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Global Onshore Wind Turbines is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In July 2021, Senvion is acquired by Saudi firm Alfanar. The acquisition will help Alfanar to strengthen its competitive position in India to grow its multi-dimensional end-to-end competitive solutions in the field of renewable energy and grid transmission, along with powering Senvion India.
On 19th October 2020, Goldwind has launched two new onshore wind turbines at an industry event in Beijing. New onshore models include GW171-3.85/4.0/ 4.5/5.0/5.3/5.6/6.0/6.25MW units and GW191-4.0/4.55/5.0/6.0/6.7MW machines. The new product wind-storage-integrated special turbine products and a new generation of energy storage systems. and On 5th April 2022, Vestas launched the V172-7.2 MW, expanding the advanced EnVentus platform and offering enhanced performance in low to medium wind conditions. The V172-7.2 MW delivers a 12 percent increase in annual energy production (AEP) compared to the V162-6.2 MW variant in low wind conditions. The new variant delivers flexible power ratings of 7.2 MW, 6.8 MW, and 6.5 MW and offers expanded site applicability for all conditions, with solutions for cold climates and an optional larger CoolerTop for hot climates.
Influencing Trend:
The Transition towards Renewable Energy and Long-term Structural Support from Investments in the Power Sector
Market Growth Drivers:
Increasing Value to Customers with Proven Performance, Reliability, Efficiency, and Availability
Challenges:
Limitations for Installation due to their Sight and Noise Emission and Extension of Tax Incentives
Restraints:
Innovations like Developments in the Production of Hydrogen or Storage Facilities and Limited Emissions Associated with their Manufacture and Installation
Opportunities:
Rapidly Developing Technology behind Onshore Turbines and Intensively Investing on R&D in Terms of Product Innovation
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Onshore Wind Turbines Market
- Analysis about New Entrants in Onshore Wind Turbines Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Onshore Wind Turbines Study Sheds Light on
The Onshore Wind Turbines Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Onshore Wind Turbines industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Onshore Wind Turbines industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.