Large Wind Turbine Market Scope
Large wind turbines are often used by the utilities offering power to the grid, ranging from 100 kilowatts to upgraded megawatts power range. Wind turbines are available in two types horizontal-axis wind turbine and vertical-axis wind turbine. These large-capacity wind turbines are manufactured to produce a large amount of electricity at once. The material used for the production of a large wind turbine is glass fiber composite, carbon fiber composite, Abs plastic, wood epoxy, and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Vestas Wind Systems A/S (Denmark), Siemens Gamesa Renewable Energy, S.A. (Spain), Suzlon Energy Limited (India), ENERCON GmbH (Germany), General Electric Company (United States), Yaskawa Electric Corporation (Japan), ADWEN Offshore, S.L. (Spain) and NORDEX SE (Germany) |
CAGR | % |
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Large Wind Turbine market throughout the predicted period.
Vestas Wind Systems A/S (Denmark), Siemens Gamesa Renewable Energy, S.A. (Spain), Suzlon Energy Limited (India), ENERCON GmbH (Germany), General Electric Company (United States), Yaskawa Electric Corporation (Japan), ADWEN Offshore, S.L. (Spain) and NORDEX SE (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Sinovel Wind Group Co., Ltd. (China) and ENVISION Group (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Large Wind Turbine market by Type , by Application (Offshore and Onshore) and Region with country level break-up.
On the basis of geography, the market of Large Wind Turbine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2021, Siemens Gamesa & Vattenfall to partner using a new Siemens Gamesa offshore turbine at massive Norfolk offshore wind projects. Service agreement included; project expected to use new SG 14-236 DD offshore wind turbine SG 14-236 DD offshore wind turbine can reach 15 MW capacity with Power Boost; is based on existing flagship turbine.
In October 2021, Vestas has announced plans to install a prototype of its 15-megawatt offshore wind turbine at a facility in Denmark. According to Vestas, a prototype of the V236-15 MW offshore wind turbine will stand 280-meters tall. The turbine is expected to produce 80-gigawatt hours a year, or enough to power roughly 20,000 households. The development of huge turbines has generated excitement in some quarters, but there are undoubted challenges too.
"In Denmark, planning for land-based wind development is linked to the regulatory review process. The centerpiece of the review process is a mandatory environmental impact assessment (EIA) (if a project involves more than three wind turbines or wind turbines over 80 meters in height). The regional planning authority—typically, the county—is responsible for initiating the EIA and ensuring its quality."
Influencing Trend:
Emerging Wind Energy Support in Strong Domestic Supply Chain
Market Growth Drivers:
Growing Need for Renewable & Clean Source of Energy and Government Investment and Programmes for Wind Energy Production
Challenges:
Stiff Competition in the Large Wind Turbine Market
Restraints:
Adverse Environmental Impact Associated with the Large Wind Turbine
Opportunities:
Surging Wind Energy as Job Creator in Manufacturing, Maintenance, Installation and Supporting Services Creating More Opportunities for Production and Distribution of Large Wind Turbine
Key Target Audience
Large Wind Turbine Manufacturers, Large Wind Turbine Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others