The global Wind Energy Market will be worth USD 167.15 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the rapid urbanization coupled with the rising demand for electricity in the […]
The global Wind Energy Market will be worth USD 167.15 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the rapid urbanization coupled with the rising demand for electricity in the developing economies. Rising initiatives of the government to increase the adoption of sustainable sources of power generation such as solar energy and wind energy in order to reduce the emission levels and enhance the quality of air is anticipated to drive the growth of the segment.
The report is furnished with the impact of the current COVID-19 pandemic. The pandemic is rearranging every aspect of the market from the global economic scenario to product demands and supply chains. The report assesses the hardest-hit sectors of the industry to offer a better understanding of the changes in the Wind Energy market. The report is updated with the initial and future assessment of the impact of the COVID-19 pandemic on the Global Wind Energy Market.
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Key Highlights From The Report
- In February 2019, Vestas entered into a partnership with a local manufacturing service provider, Marand Precision Engineering, for Wind Turbine Assembly Facility in Geelong. The partnership will help Vestas to expand its wind turbine assembly in the Victorian renewable energy sector.
- The industrial segment is forecasted to grow with the fastest CAGR of 7.1% over the forecast period due to increasing preferences of the industries towards cleaner sources of energy in order to reduce their dependency on fossil fuel-based power generation.
- The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the growing initiatives and funding of the government to adopt renewable sources of energy in order to generate electricity.
- Key participants include Nordex SE, Acciona, Goldwind, General Electric, Vestas, Siemens Gamesa Renewable Energy, S.A., Sinovel Wind Group, Suzlon Energy Limited, ENERCON GmbH, and Dongfang Electric Corporation, among others.
Emergen Research has segmented the global Wind Energy Market on the basis of Location, Application, and region:
- Location Outlook (Revenue, USD Billion; 2017-2027)
- Application Outlook (Revenue, USD Billion; 2017-2027)
The most prominent geographical segments covered in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Full Coverage of the Report:
- The authors of this report have performed qualitative and quantitative assessments of the global Wind Energy industry and further conducted market estimation for the forecast years of 2020-2027.
- The report assesses the global Wind Energy market in detail, focusing on the technological advancements, various industry verticals, distribution channels, diverse product types, and the broad application outlook.
- A wide-ranging analysis of the global Wind Energy market’s geographical scenario is an integral part of the report.
- In the conclusive section, the report discusses the company profiles of the key market players at length. This section takes a closer look at the financial positions, recent trends and developments, product offerings, and business expansion tactics of the market contenders.
Table Of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Wind Energy Market Segmentation & Impact Analysis
4.1. Wind Energy Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
188.8.131.52. Increasing demand for electricity
184.108.40.206. Increasing initiatives of the government to reduce carbon emissions
220.127.116.11. Favorable government regulations
18.104.22.168. Technological advancements of the renewable energy sources
22.214.171.124. Increasing investments in wind power projects
4.2.3. Market restraints analysis
126.96.36.199. High installation cost of the wind turbines
188.8.131.52. Heavy investment for the production of the wind turbines
184.108.40.206. Increasing adoption of solar energy or gas-based power
220.127.116.11. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Wind Energy Market By Location Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
5.1. Location Dynamics & Market Share, 2019 & 2027
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