Middle East & Africa 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 Middle East & Africa wind turbine nacelle market was valued at US$ 521.75 million in 2023 and is expected to reach US$ 1,475.12 million by 2031; it is estimated to register a CAGR of 13.9% from 2023 to 2031.

Energy Transition Bolsters Middle East & Africa Wind Turbine Nacelle Market

Reducing carbon emissions is notably significant as the world is concentrating on decreasing its dependency on fossil fuel-driven power generation and focusing more on shifting to sustainable energy sources such as wind. Wind power is expected to play an essential role in the future energy transition and overall energy mix. It augments energy security by lowering dependency on imports of fossil fuel in times of geopolitical crisis.

Wind power also offers emission-free electricity and helps in reducing carbon emissions, which makes it a viable alternative to combat climate change. Moreover, wind energy has the potential to meet the growing energy demands globally. Thus, supportive government policies and regulatory assistance, growing adoption of sustainable alternatives, and technological innovations are anticipated to propel the growth of wind energy, thereby driving the wind turbine nacelle market.

Middle East & Africa Wind Turbine Nacelle Market Overview

The Middle East & Africa holds a large potential for generating wind energy owing to the abundant availability of wind resources. As per the GWEC report published in 2023, the Middle East & Africa is expected to add 17 GW of new wind power capacity by 2027. Among these, the 17 GW capacity additions from 2023 to 2027 will come from South Africa, 3.6 GW from Egypt, 2.4 GW from Saudi Arabia, and 2.2 GW from Morocco. The GWEC estimated the African continent alone has more than 59,000 GW of technical wind resource potential, which is quite enough to fulfill the continent's energy demand by 250 times. However, the current installed wind power capacity in Africa only accounts for 0.01% of this potential. Thus, such a huge potential for wind resources holds a lucrative opportunity for the country.

In May 2022, Savannah Energy built a 500 MW capacity renewable energy power plant in the Republic of Chad, which includes a 100 MW wind farm that will serve N'Djamena city under a new agreement signed with the Chadian government. Thus, the integration of wind farms in renewable energy is augmenting the renewable energy capacity, reducing the emissions and dependency on fossil fuel-based power. Moreover, the growing investment in the construction of wind farms in the region is raising the demand for wind turbine nacelles, which is further pushing the manufacturers to produce more efficient components. Thus, all these factors drive the wind turbine nacelle market growth across the Middle East & Africa.

Middle East & Africa Wind Turbine Nacelle Market Revenue and Forecast to 2031 (US$ Million)

Middle East & Africa Wind Turbine Nacelle Market Segmentation

The Middle East & Africa wind turbine nacelle market is categorized into plant capacity, deployment type, and country.

Based on plant capacity, the Middle East & Africa 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 Middle East & Africa wind turbine nacelle market is segmented into onshore and offshore. The onshore segment held a larger market share in 2023.

By country, the Middle East & Africa wind turbine nacelle market is segmented into Saudi Arabia, Egypt, South Africa, and the Rest of Middle East & Africa. South Africa dominated the Middle East & Africa wind turbine nacelle market share in 2023.

BFG International Group, ENERCON GmbH, General Electric Co, Hitachi Energy Ltd, Nordex SE, Shanghai Electric Group Co Ltd, 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 Middle East & Africa wind turbine nacelle market.

Product Code: BMIRE00031011

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. Middle East & Africa 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. Middle East & Africa 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 - Middle East & Africa Analysis

6.1 Middle East & Africa Wind Turbine Nacelle Market Revenue (US$ Million), 2023-2031
6.2 Middle East & Africa Wind Turbine Nacelle Market Forecast Analysis

7. Middle East & Africa 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: Middle East & Africa 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: Middle East & Africa Wind Turbine Nacelle Market - Revenue and Forecast to 2031 (US$ Million)

8. Middle East & Africa Wind Turbine Nacelle Market Analysis - by Deployment Type

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

9. Middle East & Africa Wind Turbine Nacelle Market - Country Analysis

9.1 Middle East & Africa Wind Turbine Nacelle Market Overview
- 9.1.1 Middle East & Africa Wind Turbine Nacelle Market - Revenue and Forecast Analysis - by Country
  - 9.1.1.1 Middle East & Africa: Wind Turbine Nacelle Market - Revenue and Forecast Analysis - by Country
  - 9.1.1.2 Saudi Arabia: Wind Turbine Nacelle Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.2.1 Saudi Arabia: Wind Turbine Nacelle Market Breakdown, by Plant Capacity
    - 9.1.1.2.2 Saudi Arabia: Wind Turbine Nacelle Market Breakdown, by Deployment Type
  - 9.1.1.3 Egypt: Wind Turbine Nacelle Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.3.1 Egypt: Wind Turbine Nacelle Market Breakdown, by Plant Capacity
    - 9.1.1.3.2 Egypt: Wind Turbine Nacelle Market Breakdown, by Deployment Type
  - 9.1.1.4 South Africa: Wind Turbine Nacelle Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.4.1 South Africa: Wind Turbine Nacelle Market Breakdown, by Plant Capacity
    - 9.1.1.4.2 South Africa: Wind Turbine Nacelle Market Breakdown, by Deployment Type
  - 9.1.1.5 Rest of Middle East & Africa: Wind Turbine Nacelle Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.5.1 Rest of Middle East & Africa: Wind Turbine Nacelle Market Breakdown, by Plant Capacity
    - 9.1.1.5.2 Rest of Middle East & Africa: 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
12.10 Shanghai Electric Group Co Ltd
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners