Asia-Pacific Wind Power Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Market Overview

The Asia-Pacific (APAC) wind power market is projected to generate $46.5 billion in revenue in 2024, with an anticipated compound annual growth rate (CAGR) of 6.8% from 2024 to 2030, reaching $69.2 billion by 2030. This growth is driven by technological advancements in turbine materials, installation methods, and design, which enhance energy output and reduce costs. Additionally, increasing environmental concerns and supportive government policies are propelling the shift toward renewable energy sources, with wind power playing a pivotal role in reducing carbon emissions and addressing air quality issues.

Key Insights

China holds the largest market share in the APAC wind power sector, attributed to its substantial investments in wind energy infrastructure and favorable government policies promoting renewable energy adoption.

India is anticipated to exhibit the fastest growth, driven by rapid industrialization, increasing energy demand, and supportive government initiatives aimed at expanding renewable energy capacity.

The utility-scale application category dominates the market, reflecting the large-scale deployment of wind farms to meet the growing electricity demand across the region.

Technological innovations, such as advancements in turbine materials and installation methods, are enhancing wind energy efficiency and reducing overall costs, thereby making wind power more competitive with traditional energy sources.

The market is fragmented, with numerous domestic and international players investing significantly in the sector, fostering a competitive environment that drives innovation and efficiency.

Collaborative efforts among governments, private enterprises, and international organizations are facilitating knowledge exchange, technological transfer, and financial investments, which are crucial for the successful implementation of large-scale wind power projects.

Environmental concerns, particularly air pollution affecting 92% of the APAC population, are prompting policymakers to invest in clean energy sources, thereby boosting the demand for wind power projects.

Government initiatives, such as China's plan to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060, are setting ambitious targets that drive the expansion of wind energy capacity across the region.

Product Code: 13156

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by application
- 1.4.3. Market size breakdown, by turbine capacity
- 1.4.4. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. APAC Market

6.1. Overview
6.2. Market Revenue, by Type (2019-2030)
6.3. Market Revenue, by Application (2019-2030)
6.4. Market Revenue, by Turbine Capacity (2019-2030)
6.5. Market Revenue, by Country (2019-2030)

Chapter 7. China Market

7.1. Overview
7.2. Market Revenue, by Type (2019-2030)
7.3. Market Revenue, by Application (2019-2030)
7.4. Market Revenue, by Turbine Capacity (2019-2030)

Chapter 8. India Market

8.1. Overview
8.2. Market Revenue, by Type (2019-2030)
8.3. Market Revenue, by Application (2019-2030)
8.4. Market Revenue, by Turbine Capacity (2019-2030)

Chapter 9. Australia Market

9.1. Overview
9.2. Market Revenue, by Type (2019-2030)
9.3. Market Revenue, by Application (2019-2030)
9.4. Market Revenue, by Turbine Capacity (2019-2030)

Chapter 10. South Korea Market

10.1. Overview
10.2. Market Revenue, by Type (2019-2030)
10.3. Market Revenue, by Application (2019-2030)
10.4. Market Revenue, by Turbine Capacity (2019-2030)

Chapter 11. Competitive Landscape

11.1. List of Market Players and their Offerings
11.2. Competitive Benchmarking of Key Players
11.3. Product Benchmarking of Key Players
11.4. Recent Strategic Developments

Chapter 12. Company Profiles

12.1. China Longyuan Power Group Corporation Limited
- 12.1.1. Business overview
- 12.1.2. Product and service offerings
- 12.1.3. Key financial summary
12.2. Goldwind Science & Technology Co. Ltd.
- 12.2.1. Business overview
- 12.2.2. Product and service offerings
- 12.2.3. Key financial summary
12.3. Envision Energy USA Ltd.
- 12.3.1. Business overview
- 12.3.2. Product and service offerings
- 12.3.3. Key financial summary
12.4. Siemens Gamesa Renewable Energy S.A.
- 12.4.1. Business overview
- 12.4.2. Product and service offerings
- 12.4.3. Key financial summary
12.5. Vestas Wind Systems A/S
- 12.5.1. Business overview
- 12.5.2. Product and service offerings
- 12.5.3. Key financial summary
12.6. General Electric Company
- 12.6.1. Business overview
- 12.6.2. Product and service offerings
- 12.6.3. Key financial summary
12.7. Mingyang Smart Energy Group Co. Ltd.
- 12.7.1. Business overview
- 12.7.2. Product and service offerings
- 12.7.3. Key financial summary
12.8. Senvion Wind Technology Pvt. Ltd.
- 12.8.1. Business overview
- 12.8.2. Product and service offerings
- 12.8.3. Key financial summary
12.9. Nordex SE
- 12.9.1. Business overview
- 12.9.2. Product and service offerings
- 12.9.3. Key financial summary
12.10. Shanghai Electric Group Co. Ltd.
- 12.10.1. Business overview
- 12.10.2. Product and service offerings
- 12.10.3. Key financial summary
12.11. Windey Energy Technology Group Co. Ltd.
- 12.11.1. Business overview
- 12.11.2. Product and service offerings
- 12.11.3. Key financial summary
12.12. Sany Heavy Industry Co. Ltd.
- 12.12.1. Business overview
- 12.12.2. Product and service offerings
- 12.12.3. Key financial summary

Chapter 13. Appendix

13.1. Abbreviations
13.2. Sources and References
13.3. Related Reports

Asia-Pacific Wind Power Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)