Global wind turbine components market 2024-2028

Description

List of Tables

The wind turbine components market is forecasted to grow by USD 40.4 bn during 2023-2028, accelerating at a CAGR of 6.61% during the forecast period. The report on the wind turbine components market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid growth of global wind power market, rising investments in clean sources of energy, and presence of regulations that encourage power generation from renewable sources.

Technavio's wind turbine components market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	6.16%
CAGR	6.61%
Incremental Value	$40.4bn

By Application

Onshore
Offshore

By Product

Wind turbine rotor blades
Wind turbine gearboxes
Wind turbine generators
Wind turbine towers
Others

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the consistently declining cost of wind power as one of the prime reasons driving the wind turbine components market growth during the next few years. Also, advent of wind-solar hybrid plants with battery storage and popularity of offshore wind farms will lead to sizable demand in the market.

The report on the wind turbine components market covers the following areas:

Wind turbine components market sizing
Wind turbine components market forecast
Wind turbine components market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wind turbine components market vendors that include China High Speed Transmission Equipment Group Co. Ltd., CS WIND Corp., Dongfang Electric Corp. Ltd., Emergya Wind Technologies BV, EnBW Energie Baden Wurttemberg AG, ENERCON GmbH, Envision Energy USA Ltd., Flender GmbH, General Electric Co., ISHIBASHI Manufacturing Co. Ltd., Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., Max Bogl Wind AG, Ming Yang Smart Energy Group Ltd., Siemens AG, Sinoma Science and Technology Co. Ltd., Suzlon Energy Ltd., TPI Composites Inc., Vestas Wind Systems AS, XEMC Darwind BV, Xinjiang Goldwind Science and Technology Co. Ltd., and ZF Friedrichshafen AG. Also, the wind turbine components market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR70093

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Wind Turbine Components Market 2018 - 2022
- Historic Market Size - Data Table on Global Wind Turbine Components Market 2018 - 2022 ($ billion)
4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.3 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
6.3 Onshore - Market size and forecast 2023-2028
- Chart on Onshore - Market size and forecast 2023-2028 ($ billion)
- Data Table on Onshore - Market size and forecast 2023-2028 ($ billion)
- Chart on Onshore - Year-over-year growth 2023-2028 (%)
- Data Table on Onshore - Year-over-year growth 2023-2028 (%)
6.4 Offshore - Market size and forecast 2023-2028
- Chart on Offshore - Market size and forecast 2023-2028 ($ billion)
- Data Table on Offshore - Market size and forecast 2023-2028 ($ billion)
- Chart on Offshore - Year-over-year growth 2023-2028 (%)
- Data Table on Offshore - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by Product

7.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
7.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
7.3 Wind turbine rotor blades - Market size and forecast 2023-2028
- Chart on Wind turbine rotor blades - Market size and forecast 2023-2028 ($ billion)
- Data Table on Wind turbine rotor blades - Market size and forecast 2023-2028 ($ billion)
- Chart on Wind turbine rotor blades - Year-over-year growth 2023-2028 (%)
- Data Table on Wind turbine rotor blades - Year-over-year growth 2023-2028 (%)
7.4 Wind turbine gearboxes - Market size and forecast 2023-2028
- Chart on Wind turbine gearboxes - Market size and forecast 2023-2028 ($ billion)
- Data Table on Wind turbine gearboxes - Market size and forecast 2023-2028 ($ billion)
- Chart on Wind turbine gearboxes - Year-over-year growth 2023-2028 (%)
- Data Table on Wind turbine gearboxes - Year-over-year growth 2023-2028 (%)
7.5 Wind turbine generators - Market size and forecast 2023-2028
- Chart on Wind turbine generators - Market size and forecast 2023-2028 ($ billion)
- Data Table on Wind turbine generators - Market size and forecast 2023-2028 ($ billion)
- Chart on Wind turbine generators - Year-over-year growth 2023-2028 (%)
- Data Table on Wind turbine generators - Year-over-year growth 2023-2028 (%)
7.6 Wind turbine towers - Market size and forecast 2023-2028
- Chart on Wind turbine towers - Market size and forecast 2023-2028 ($ billion)
- Data Table on Wind turbine towers - Market size and forecast 2023-2028 ($ billion)
- Chart on Wind turbine towers - Year-over-year growth 2023-2028 (%)
- Data Table on Wind turbine towers - Year-over-year growth 2023-2028 (%)
7.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
7.8 Market opportunity by Product
- Market opportunity by Product ($ billion)
- Data Table on Market opportunity by Product ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ billion)
- Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
9.12 Spain - Market size and forecast 2023-2028
- Chart on Spain - Market size and forecast 2023-2028 ($ billion)
- Data Table on Spain - Market size and forecast 2023-2028 ($ billion)
- Chart on Spain - Year-over-year growth 2023-2028 (%)
- Data Table on Spain - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 China High Speed Transmission Equipment Group Co. Ltd.
- China High Speed Transmission Equipment Group Co. Ltd. - Overview
- China High Speed Transmission Equipment Group Co. Ltd. - Product / Service
- China High Speed Transmission Equipment Group Co. Ltd. - Key offerings
12.4 CS WIND Corp.
- CS WIND Corp. - Overview
- CS WIND Corp. - Product / Service
- CS WIND Corp. - Key offerings
12.5 Dongfang Electric Corp. Ltd.
- Dongfang Electric Corp. Ltd. - Overview
- Dongfang Electric Corp. Ltd. - Product / Service
- Dongfang Electric Corp. Ltd. - Key offerings
12.6 Emergya Wind Technologies BV
- Emergya Wind Technologies BV - Overview
- Emergya Wind Technologies BV - Product / Service
- Emergya Wind Technologies BV - Key offerings
12.7 EnBW Energie Baden Wurttemberg AG
- EnBW Energie Baden Wurttemberg AG - Overview
- EnBW Energie Baden Wurttemberg AG - Business segments
- EnBW Energie Baden Wurttemberg AG - Key offerings
- EnBW Energie Baden Wurttemberg AG - Segment focus
12.8 ENERCON GmbH
- ENERCON GmbH - Overview
- ENERCON GmbH - Product / Service
- ENERCON GmbH - Key offerings
12.9 Envision Energy USA Ltd.
- Envision Energy USA Ltd. - Overview
- Envision Energy USA Ltd. - Product / Service
- Envision Energy USA Ltd. - Key offerings
12.10 Flender GmbH
- Flender GmbH - Overview
- Flender GmbH - Product / Service
- Flender GmbH - Key offerings
12.11 General Electric Co.
- General Electric Co. - Overview
- General Electric Co. - Business segments
- General Electric Co. - Key news
- General Electric Co. - Key offerings
- General Electric Co. - Segment focus
12.12 ISHIBASHI Manufacturing Co. Ltd.
- ISHIBASHI Manufacturing Co. Ltd. - Overview
- ISHIBASHI Manufacturing Co. Ltd. - Product / Service
- ISHIBASHI Manufacturing Co. Ltd. - Key offerings
12.13 Max Bogl Wind AG
- Max Bogl Wind AG - Overview
- Max Bogl Wind AG - Product / Service
- Max Bogl Wind AG - Key offerings
12.14 Ming Yang Smart Energy Group Ltd.
- Ming Yang Smart Energy Group Ltd. - Overview
- Ming Yang Smart Energy Group Ltd. - Business segments
- Ming Yang Smart Energy Group Ltd. - Key offerings
- Ming Yang Smart Energy Group Ltd. - Segment focus
12.15 Siemens AG
- Siemens AG - Overview
- Siemens AG - Business segments
- Siemens AG - Key news
- Siemens AG - Key offerings
- Siemens AG - Segment focus
12.16 Sinoma Science and Technology Co. Ltd.
- Sinoma Science and Technology Co. Ltd. - Overview
- Sinoma Science and Technology Co. Ltd. - Product / Service
- Sinoma Science and Technology Co. Ltd. - Key offerings
12.17 Suzlon Energy Ltd.
- Suzlon Energy Ltd. - Overview
- Suzlon Energy Ltd. - Business segments
- Suzlon Energy Ltd. - Key offerings
- Suzlon Energy Ltd. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations