PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1576283
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1576283
Asia Pacific Wind Turbine Market Introduction and Overview
SPER Market Research's report, titled "Asia Pacific Wind Turbine Market Size - By Axis, By Installation, By Connectivity - Regional Outlook, Competitive Strategies, and Segment Forecast to 2033," predicts that the Asia Pacific wind turbine market will reach USD 119.44 billion by 2033, with a projected CAGR of 5.79%.
A wind turbine is a device that converts wind energy from kinetic to electrical form. Large blades fastened atop a tower make up this structure, which rotates in reaction to wind. This spin is what drives an energy-producing generator. Wind turbines are often placed in wind farms and range in size from small home units to large commercial ones.
The Asia-Pacific wind turbine industry was significantly impacted by the COVID-19 pandemic's effects on supply chains and project schedule delays. Due to reduced manufacturing capacities and stalled installations, the introduction of lockdowns and limitations caused a brief decline in market growth. However, the crisis also brought greater attention to renewable energy as countries looked for a sustainable recovery.
Scope of the Report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Axis, By Installation, By Connectivity.
Regions covered Australia, China, India, Japan, South Korea, Rest of Asia-Pacific.
Companies Covered ENERCON GmbH, ENVISION GROUP, General Electric, Goldwind, Mingyang Smart Energy Group Co, Ltd.
Asia Pacific Wind Turbine Market Segmentation:
By Axis: Based on the By Axis, Asia Pacific Wind Turbine Market is segmented as; Horizontal, Vertical and Others.
By Installation: Based on the Installation, Asia Pacific Wind Turbine Market is segmented as; Onshore, Offshore and Others.
By Connectivity: Based on the Connectivity, Asia Pacific Wind Turbine Market is segmented as; Grid-connected, Stand Alone and Others.
By Region: This research also includes data for Australia, China, India, Japan, South Korea and Rest of Asia-Pacific.