South & Central America Wind Turbine Nacelle Market Forecast to 2031 - Regional Analysis - by Plant Capacity (Less than 10 MW and Above 10 MW) and Deployment Type (Onshore and Offshore)

Description

List of Tables

The South & Central America wind turbine nacelle market was valued at US$ 1,708.63 million in 2023 and is expected to reach US$ 2,198.47 million by 2031; it is estimated to register a CAGR of 3.2% from 2023 to 2031.

Growing Investments in Floating Offshore Wind Projects Fuel South & Central America Wind Turbine Nacelle Market

Offshore wind farms are thought to be more efficient than onshore wind farms due to higher wind speeds, greater consistency, and a lack of physical interference from land or man-made things. Offshore wind speeds are typically higher than that of land. Small changes in wind speed result in substantial gains in energy production: a turbine operating in a 15-mph wind can produce twice as much energy as a turbine operating in a 12-mph wind. Faster offshore wind speeds mean that significantly more energy can be generated. Offshore wind speeds are more consistent than on land. A more consistent supply of wind means a more dependable source of energy. Investments in offshore wind farms are increasing owing to higher efficiency compared to onshore wind farms.

In 2023, Petrobras revealed plans to build offshore wind farms in Brazil with a potential capacity of up to 23 GW, in addition to a floating wind project in Rio de Janeiro. In addition, in June 2022, Equinor collaborated with Technip Energies to develop floating wind steel semi substructures that accelerate technology development for floating offshore wind. Such investments are expected to fuel the demand for offshore wind farms in the future, ultimately generating lucrative opportunities for the wind turbine nacelle market.

South & Central America Wind Turbine Nacelle Market Overview

South & Central America is anticipated to grow at a faster pace in the coming years owing to favorable government policies and increasing investment in wind power projects. Brazil is leading the market for wind turbine nacelle in South America. According to the Brazilian Wind Power Association, the country's potential for generating wind power is estimated at 30 GW. In addition, in April 2022, 15 MW offshore wind project was announced in Brazil, which is planned to be commissioned by 2024. There are 65 onshore wind projects planned over the next five years, with a total investment of US$ 23 billion. According to GWEC, in the coming five years, onshore wind installations in South & Central America are expected to increase by 26.5 GW, with the main contributors being Brazil, Chile, and Colombia.

South & Central America Wind Turbine Nacelle Market Revenue and Forecast to 2031 (US$ Million)

South & Central America Wind Turbine Nacelle Market Segmentation

The South & Central America wind turbine nacelle market is categorized into plant capacity, deployment type, and country.

Based on plant capacity, the South & Central America wind turbine nacelle market is segmented into less than 10 MW and above 10 MW. The above 10 MW segment held a larger market share in 2023.

Based on deployment type, the South & Central America wind turbine nacelle market is segmented into onshore and offshore. The onshore segment held a larger market share in 2023.

By country, the South & Central America wind turbine nacelle market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America wind turbine nacelle market share in 2023.

BFG International Group, ENERCON GmbH, General Electric Co, Hitachi Energy Ltd, Nordex SE, Siemens Gamesa Renewable Energy SA, Suzlon Energy Ltd, Vestas Wind Systems AS, and Xinjiang Goldwind Science & Technology Co Ltd are some of the leading companies operating in the South & Central America wind turbine nacelle market.

Product Code: BMIRE00031035

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. South & Central America Wind Turbine Nacelle Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 Raw Material Suppliers:
- 4.2.2 Nacelle Manufacturers
- 4.2.3 End Users

5. South & Central America Wind Turbine Nacelle Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Demand for Sustainable Energy Sources
- 5.1.2 Supportive Government Policies for Wind Power Generation
5.2 Market Restraints
- 5.2.1 High Investment and Maintenance Cost
5.3 Market Opportunities
- 5.3.1 Growing Investments in Floating Offshore Wind Projects
5.4 Future Trends
- 5.4.1 Energy Transition
5.5 Impact of Drivers and Restraints:

6. Wind Turbine Nacelle Market - South & Central America Analysis

6.1 South & Central America Wind Turbine Nacelle Market Revenue (US$ Million), 2023-2031
6.2 South & Central America Wind Turbine Nacelle Market Forecast Analysis

7. South & Central America Wind Turbine Nacelle Market Analysis - by Plant Capacity

7.1 Less than 10 MW
- 7.1.1 Overview
- 7.1.2 Less than 10 MW: South & Central America Wind Turbine Nacelle Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Above 10 MW
- 7.2.1 Overview
- 7.2.2 Above 10 MW: South & Central America Wind Turbine Nacelle Market - Revenue and Forecast to 2031 (US$ Million)

8. South & Central America Wind Turbine Nacelle Market Analysis - by Deployment Type

8.1 Onshore
- 8.1.1 Overview
- 8.1.2 Onshore: South & Central America Wind Turbine Nacelle Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Offshore
- 8.2.1 Overview
- 8.2.2 Offshore: South & Central America Wind Turbine Nacelle Market - Revenue and Forecast to 2031 (US$ Million)

9. South & Central America Wind Turbine Nacelle Market - Country Analysis

9.1 South & Central America Wind Turbine Nacelle Market Overview
- 9.1.1 South & Central America Wind Turbine Nacelle Market - Revenue and Forecast Analysis - by Country
  - 9.1.1.1 South America Wind Turbine Nacelle Market - Revenue and Forecast Analysis - by Country
  - 9.1.1.2 Brazil: Wind Turbine Nacelle Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.2.1 Brazil: Wind Turbine Nacelle Market Breakdown, by Plant Capacity
    - 9.1.1.2.2 Brazil: Wind Turbine Nacelle Market Breakdown, by Deployment Type
  - 9.1.1.3 Argentina: Wind Turbine Nacelle Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.3.1 Argentina: Wind Turbine Nacelle Market Breakdown, by Plant Capacity
    - 9.1.1.3.2 Argentina: Wind Turbine Nacelle Market Breakdown, by Deployment Type
  - 9.1.1.4 Rest of South America: Wind Turbine Nacelle Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.4.1 Rest of South America: Wind Turbine Nacelle Market Breakdown, by Plant Capacity
    - 9.1.1.4.2 Rest of South America: Wind Turbine Nacelle Market Breakdown, by Deployment Type

10. Competitive Landscape

10.1 Company Positioning & Concentration

11. Industry Landscape

11.1 Overview
11.2 Market Initiative

12. Company Profiles

12.1 Siemens Gamesa Renewable Energy SA
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 General Electric Co
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Nordex SE
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 ENERCON GmbH
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Vestas Wind Systems AS
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Xinjiang Goldwind Science & Technology Co Ltd
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Hitachi Energy Ltd
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Suzlon Energy Ltd
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 BFG International Group
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners