風力タービン市場の評価：軸タイプ (水平・垂直)・設置場所 (陸上・海上)・用途 (商業・住宅・産業・住宅設備)・地域別の機会および予測 (2017-2031年)

世界の風力タービンの市場規模は、2023年の1,229億4,000万米ドルから、予測期間中はCAGR 8.11%で推移し、2031年には2,294億1,000万米ドルに成長すると予測されています。

風力タービンの需要は、環境意識の継続的な高まりや、従来の発電から再生可能エネルギーへの世界的移行など、さまざまな要因によって増加傾向にあります。風力タービンタワーの革新的なデザインは、より多くの風力エネルギーを生み出す技術を支援しています。また、電力需要の増加に対応するため、いくつかの国ではグリーンエネルギー発電のポートフォリオを拡大しようとしています。風力タービンは、今後数年間のエネルギー発電需要を支える重要な技術になりつつあります。政府のインセンティブや政策も、風力タービン産業が成長するための将来的な機会を生み出しています。

また、風力タービンは費用対効果の高い発電を行う上で不可欠な役割を果たしています。IEAの報告書によると、陸上風力発電と太陽光発電 (PV) 技術は、ほとんどの地域で新しい化石燃料発電所よりも安価であり、これが予測期間における風力タービンの需要を促進します。

当レポートでは、世界の風力タービンの市場を調査し、市場の定義と概要、市場規模の推移・予測、各種区分・地域/主要国別の詳細分析、産業構造、市場成長への影響因子の分析、ケーススタディ、競合情勢、主要企業のプロファイルなどをまとめています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

• 回答者の人口統計
• 購入決定に影響を与える要因

第5章 世界の風力タービン市場の展望

• 市場規模の分析・予測
• 市場シェアの分析・予測
  • 軸タイプ別
  • 設置場所別
  • 用途別
  • 地域別
  • 企業別市場シェア分析
• マーケットマップ分析

第6章 北米の風力タービン市場の展望

• 市場規模の分析・予測
• 市場シェアの分析・予測
• 国別市場評価
  • 米国
  • カナダ
  • メキシコ

第7章 欧州の風力タービン市場の展望

• ドイツ
• フランス
• イタリア
• 英国
• ロシア
• オランダ
• スペイン
• トルコ
• ポーランド

第8章 アジア太平洋の風力タービン市場の展望

• インド
• 中国
• 日本
• オーストラリア
• ベトナム
• 韓国
• インドネシア
• フィリピン

第9章 南米の風力タービン市場の展望

• ブラジル
• アルゼンチン

第10章 中東・アフリカの風力タービン市場の展望

• サウジアラビア
• UAE
• 南アフリカ

第11章 ポーターのファイブフォース分析

第12章 PESTLE分析

第13章 市場力学

• 市場促進要因
• 市場の課題

第14章 市場の動向・展開

第15章 ケーススタディ

第16章 競合情勢

• 市場リーダー上位5社の競合マトリックス
• 上位5社のSWOT分析
• 上位10社の情勢
  • Vestas Wind Systems A/S
  • Siemens Gamesa
  • Goldwind Science & Technology Co., Ltd.
  • Nordex SE
  • ENERCON Global GmbH
  • GE Vernova Inc.
  • Envision Energy USA Limited
  • Suzlon Energy Limited
  • Shanghai Electric Group Co., Ltd.
  • Mingyang Smart Energy Group
  • Windey Energy Technology Group Co., Ltd.

第17章 戦略的提言

第18章 当社について・免責事項

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. Global Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 2. Global Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 3. Global Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 4. Global Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 5. Global Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 6. Global Wind Turbine Market Share (%), By Region, 2017-2031F
• Figure 7. North America Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 8. North America Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 9. North America Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 10. North America Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 11. North America Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 12. North America Wind Turbine Market Share (%), By Country, 2017-2031F
• Figure 13. United States Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 14. United States Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 15. United States Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 16. United States Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 17. United States Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 18. Canada Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 19. Canada Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 20. Canada Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 21. Canada Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 22. Canada Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 23. Mexico Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 24. Mexico Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 25. Mexico Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 26. Mexico Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 27. Mexico Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 28. Europe Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 29. Europe Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 30. Europe Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 31. Europe Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 32. Europe Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 33. Europe Wind Turbine Market Share (%), By Country, 2017-2031F
• Figure 34. Germany Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 35. Germany Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 36. Germany Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 37. Germany Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 38. Germany Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 39. France Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 40. France Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 41. France Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 42. France Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 43. France Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 44. Italy Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 45. Italy Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 46. Italy Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 47. Italy Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 48. Italy Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 49. United Kingdom Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 50. United Kingdom Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 51. United Kingdom Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 52. United Kingdom Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 53. United Kingdom Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 54. Russia Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 55. Russia Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 56. Russia Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 57. Russia Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 58. Russia Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 59. Netherlands Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 60. Netherlands Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 61. Netherlands Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 62. Netherlands Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 63. Netherlands Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 64. Spain Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 65. Spain Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 66. Spain Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 67. Spain Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 68. Spain Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 69. Turkey Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 70. Turkey Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 71. Turkey Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 72. Turkey Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 73. Turkey Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 74. Poland Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 75. Poland Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 76. Poland Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 77. Poland Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 78. Poland Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 79. South America Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 80. South America Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 81. South America Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 82. South America Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 83. South America Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 84. South America Wind Turbine Market Share (%), By Country, 2017-2031F
• Figure 85. Brazil Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 86. Brazil Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 87. Brazil Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 88. Brazil Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 89. Brazil Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 90. Argentina Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 91. Argentina Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 92. Argentina Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 93. Argentina Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 94. Argentina Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 95. Asia-Pacific Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 96. Asia-Pacific Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 97. Asia-Pacific Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 98. Asia-Pacific Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 99. Asia-Pacific Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 100. Asia-Pacific Wind Turbine Market Share (%), By Country, 2017-2031F
• Figure 101. India Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 102. India Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 103. India Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 104. India Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 105. India Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 106. China Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 107. China Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 108. China Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 109. China Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 110. China Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 111. Japan Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 112. Japan Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 113. Japan Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 114. Japan Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 115. Japan Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 116. Australia Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 117. Australia Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 118. Australia Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 119. Australia Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 120. Australia Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 121. Vietnam Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 122. Vietnam Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 123. Vietnam Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 124. Vietnam Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 125. Vietnam Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 126. South Korea Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 127. South Korea Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 128. South Korea Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 129. South Korea Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 130. South Korea Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 131. Indonesia Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 132. Indonesia Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 133. Indonesia Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 134. Indonesia Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 135. Indonesia Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 136. Philippines Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 137. Philippines Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 138. Philippines Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 139. Philippines Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 140. Philippines Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 141. Middle East & Africa Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 142. Middle East & Africa Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 143. Middle East & Africa Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 144. Middle East & Africa Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 145. Middle East & Africa Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 146. Middle East & Africa Wind Turbine Market Share (%), By Country, 2017-2031F
• Figure 147. Saudi Arabia Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 148. Saudi Arabia Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 149. Saudi Arabia Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 150. Saudi Arabia Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 151. Saudi Arabia Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 152. UAE Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 153. UAE Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 154. UAE Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 155. UAE Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 156. UAE Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 157. South Africa Wind Turbine Market, By Value, in USD Billion, 2017-2031F
• Figure 158. South Africa Wind Turbine Market, By Volume, in Gigawatt (GW), 2017-2031F
• Figure 159. South Africa Wind Turbine Market Share (%), By Axis Type, 2017-2031F
• Figure 160. South Africa Wind Turbine Market Share (%), By Installation, 2017-2031F
• Figure 161. South Africa Wind Turbine Market Share (%), By Application, 2017-2031F
• Figure 162. By Axis Type Map-Market Size (USD Billion) & Growth Rate (%), 2023
• Figure 163. By Installation Map-Market Size (USD Billion) & Growth Rate (%), 2023
• Figure 164. By Application Map-Market Size (USD Billion) & Growth Rate (%), 2023
• Figure 165. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2023

Global wind turbine market is projected to witness a CAGR of 8.11% during the forecast period 2024-2031, growing from USD 122.94 billion in 2023 to USD 229.41 billion in 2031. The demand for wind turbines is on the rise due to various factors, such as a continuous rise in environmental awareness and a global shift from traditional electricity generation to renewable sources. The innovative design of wind turbine towers assists technology in generating more wind energy. Moreover, several countries are looking to expand their green energy generation portfolio to meet the rising demand for electricity. Wind turbines are becoming crucial technologies to support energy generation demand in the forecast years. In addition, government incentives and policies are creating future opportunities for the wind turbine industry to grow.

Furthermore, wind turbines play an essential role in the global production of cost-effective electricity generation. As per the IEA reports, onshore wind and solar photovoltaic (PV) technologies are cheaper than new fossil fuel plants in most regions, which will foster the demand for wind turbines in the forecast period.

For instance, in June 2024, Dongfang Electric Corporation completed the installation of an 18 MW wind turbine for the first time in China. The company aims to increase renewable energy reliance and lower the dependency on fossil fuels. Wind turbines are being developed to power multiple homes with a single blade movement.

Expansion of Offshore Wind and Energy Security to Act as a Catalyst for Market Growth

The rapid expansion of the offshore wind market and rising energy security concerns are fostering the growth of the wind turbine market. Offshore wind turbines have the benefit of stronger, more reliable wind resources than onshore wind projects, and innovations in technology, such as floating wind technology, help the turbines to be installed in the deeper waters. The upcoming new technologies allow the countries to generate power from untapped and inaccessible energy sources. According to the Global Wind Energy Council, offshore wind capacity is projected to surge from 35 GW in 2020 to about 234 GW by 2030, showcasing the growing role of offshore wind turbines in the energy landscape. Moreover, to overcome the dependency on fossil fuels and energy security challenges, countries are shifting towards renewable energy. European countries have prioritized offshore wind projects to build energy independence and stability.

For instance, in August 2023, Equinor opened Norway's largest floating offshore wind farm, Hywind Tampen, which uses floating wind turbines to power oil and gas producers. With a system capacity of 88 MW, the plant is expected to reduce CO2 emissions by 200,000 tonnes annually.

Technological Advancement to Propel the Growth of the Market

Innovations in wind turbine designs are enhancing the overall efficiency, capacity, and viability of global wind energy, which results in more production of green electricity. Modern wind turbines have larger rotor diameters, and the advancement in blade designs, along with taller towers, helps to capture more wind and further boost productivity. The improvement in aerodynamics design and materials helps to reduce energy losses and improve resilience in different weather conditions. The advanced materials make turbine blades lighter yet stronger, which helps to expand the operational lifespan of plants and reduces maintenance costs. Additionally, the incorporation of digital technologies, such as smart sensors and AI-driven predictive maintenance systems, allows for regular monitoring of turbine performance, enabling the detection before faults affect operational efficiency. The technology optimization reduces downtime and improves capacity factors, such as onshore turbines, reaching average capacity factors of 35-40%, and offshore turbines achieving the remark of 50-60%.

Furthermore, floating turbines are propelling the growth of the wind turbine market, as they can be installed in deeper waters where winds are stronger and more consistent. The upcoming technological advancements collectively reduce the cost of wind energy and support from the government aimed at increasing reliance on renewable energy sources.

For instance, in March 2023, Siemens Gamesa installed the advanced largest offshore wind turbine technology, SG 14-236 DD. The 14 MV turbines are equipped with 115-meter blades and could produce up to 15 MV with a power boost. SG 14-236 DD has a rotor diameter of 236 meters and is designed and manufactured at the company's facility in Aalborg, Denmark. These turbines enhance energy output by more than 30% compared to earlier models.

Government Initiative to Boost the Wind Turbine Market Demand

The wind turbine market is expanding as governments are taking initiatives to promote renewable energy production. The rising need for renewable energy sources, including wind power, and efforts to reduce dependence on conventional energy sources are expected to be important factors in driving the growth of the wind turbine market. Moreover, the government provides several tax benefits, subsidies, and incentives to assist in reducing the component prices of the spare parts of technology, which further enhances the wind turbine sector. Moreover, several countries have set a target, such as net-zero emissions by 2050, which necessitates growth in the wind energy generation capacity. As a result of a mismatch between production and demand in many developing countries, the wind turbine market is expanding rapidly.

For instance, in June 2024, The Union Cabinet of India approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects in India. The total financial outlay is USD 74.53 billion, including USD 68.53 billion for the installation and commissioning of 1 GW of projects, divided into two 500 MW projects off Gujarat and Tamil Nadu coasts and USD 6 billion for port upgrades.

Horizontal Axis Type to Dominate the Market Share

Horizontal axis type dominates the share of the global wind turbine market due to the product's superior efficiency, power output, and reliability. The horizontal axis can convert 40-50% of wind energy into electricity, significantly outperforming the vertical axis in capturing energy from the wind. The horizontal axis design allows for larger capacities, typically ranging from 2 to 8 MW, making the turbine ideal for large-scale wind farms that supply substantial amounts of electricity to the grid.

Another key advantage of the horizontal axis is the ability to operate effectively at higher wind speeds. The height of their rotors enables them to access more consistent and stronger winds, which enhances overall performance and energy generation. Additionally, HAWTs have a well-established technology base, leading to mature research and development that ensures reliability and operational efficiency.

For instance, in September 2024, Senvion India launched a new 4.2 MW onshore wind turbine aimed at boosting energy efficiency and reducing costs for wind power projects in the country. This model is expected to support India's renewable energy goals and facilitate the transition to cleaner energy sources.

Asia-Pacific to Lead the Global Wind Turbine Market Share

Asia-Pacific dominate the global wind turbine market with the highest revenue share. The region comprises developing countries, such as China and India, that largely invest in reliable energy sectors, such as renewable energy, driving the growth of the wind turbine market in the region. China is the largest market for wind energy which captures a significant share of the market for installations and manufacturing of wind turbines. Governments and higher authorities are investing heavily to support cleaner energy initiatives, including vast wind resources, which is creating the demand for wind turbines in the Asia-Pacific market.

Moreover, India is an emerging player in the sector, focusing on expanding the renewable energy capacity to meet the growing demand for green electricity. Government targets for wind energy are fostering investments and drive technologies innovations in wind turbine production.

For instance, in October 2024, Vestar announced the launch of V162-5.6 MW onshore wind turbines. The V162-5.6 MW model is designed to optimize performance across a wide range of wind conditions. Vestar aims to enhance energy production while maintaining cost efficiency which helped company to increase market share in the European and Asia-Pacific market.

Future Market Scenario (2024 - 2031F)

Advancements in turbine design, such as larger rotor diameters and higher efficiency ratings are expected to enhance energy output while lowering costs.

Governments worldwide are implementing policies aimed at reducing carbon emissions and increasing renewable energy usage, further incentivizing investment in wind energy.

The integration of wind energy with other renewable energy sources, such as solar and energy storage systems, is gaining traction. Hybrid systems can provide a more stable and reliable energy supply.

The rise in digital tools and smart technologies in wind energy management will foster market growth.

Key Players Landscape and Outlook

Continuous innovation characterizes the global landscape of wind turbines as companies compete to excel in turbine advancements, energy efficiency, and unique designs. The market outlook remains positive, driven by increased demand for renewable energy and the integration of AI and smart technologies. Wind turbine manufacturers are focused on enhancing energy efficiency and adopting environmentally sustainable practices, which are likely to shape the industry's future. Collaborations and the development of new technologies are expected to intensify competition in this fast-paced market.

For instance, in September 2024, Senvion India launched its 4.2M160 wind turbine generator, a significant technological advancement in wind energy. The first 4 MW WTG has a rotor size of 160m and hub heights up to 140m by RE Technologies & Senvion group. The company has developed the equipment by in-house R&D teams in India and Germany. The turbine maximizes energy output through advanced control technologies and adaptive systems.

For instance, in May 2024, Suzlon Group won an order to develop an 81.9 MW wind energy project for Oyster Green Hybrid One Private Limited in Madhya Pradesh, India. The project will involve the installation of 26 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular tower, each rated at 3.15 MW. Suzlon will supply the equipment, execute the project, and provide post-commissioning operations and maintenance services.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Respondent Demographic
• 4.2. Factor Influencing Purchase Decision
  • 4.2.1. Government Subsidies and Incentives
  • 4.2.2. Cost of Maintenance
  • 4.2.3. Product Efficiency

5. Global Wind Turbine Market Outlook, 2017-2031F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Axis Type
    • 5.2.1.1. Horizontal
    • 5.2.1.2. Vertical
  • 5.2.2. By Installation
    • 5.2.2.1. Onshore
    • 5.2.2.2. Offshore
  • 5.2.3. By Application
    • 5.2.3.1. Commercial
    • 5.2.3.2. Residential
    • 5.2.3.3. Industrial
    • 5.2.3.4. Utilities
  • 5.2.4. By Region
    • 5.2.4.1. North America
    • 5.2.4.2. Europe
    • 5.2.4.3. Asia-Pacific
    • 5.2.4.4. South America
    • 5.2.4.5. Middle East and Africa
  • 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2023)
• 5.3. Market Map Analysis, 2023
  • 5.3.1. By Axis Type
  • 5.3.2. By Installation
  • 5.3.3. By Application
  • 5.3.4. By Region

6. North America Wind Turbine Market Outlook, 2017-2031F*

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
  • 6.1.2. By Volume
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Axis Type
    • 6.2.1.1. Horizontal
    • 6.2.1.2. Vertical
  • 6.2.2. By Installation
    • 6.2.2.1. Onshore
    • 6.2.2.2. Offshore
  • 6.2.3. By Application
    • 6.2.3.1. Commercial
    • 6.2.3.2. Residential
    • 6.2.3.3. Industrial
    • 6.2.3.4. Utilities
  • 6.2.4. By Country Share
    • 6.2.4.1. United States
    • 6.2.4.2. Canada
    • 6.2.4.3. Mexico
• 6.3. Country Market Assessment
  • 6.3.1. United States Wind Turbine Market Outlook, 2017-2031F*
    • 6.3.1.1. Market Size Analysis & Forecast
      • 6.3.1.1.1. By Value
      • 6.3.1.1.2. By Volume
    • 6.3.1.2. Market Share Analysis & Forecast
      • 6.3.1.2.1. By Axis Type
        • 6.3.1.2.1.1. Horizontal
        • 6.3.1.2.1.2. Vertical
      • 6.3.1.2.2. By Installation
        • 6.3.1.2.2.1. Onshore
        • 6.3.1.2.2.2. Offshore
      • 6.3.1.2.3. By Application
        • 6.3.1.2.3.1. Commercial
        • 6.3.1.2.3.2. Residential
        • 6.3.1.2.3.3. Industrial
        • 6.3.1.2.3.4. Utilities
  • 6.3.2. Canada
  • 6.3.3. Mexico

All segments will be provided for all regions and countries covered

7. Europe Wind Turbine Market Outlook, 2017-2031F

• 7.1. Germany
• 7.2. France
• 7.3. Italy
• 7.4. United Kingdom
• 7.5. Russia
• 7.6. Netherlands
• 7.7. Spain
• 7.8. Turkey
• 7.9. Poland

8. Asia-Pacific Wind Turbine Market Outlook, 2017-2031F

• 8.1. India
• 8.2. China
• 8.3. Japan
• 8.4. Australia
• 8.5. Vietnam
• 8.6. South Korea
• 8.7. Indonesia
• 8.8. Philippines

9. South America Wind Turbine Market Outlook, 2017-2031F

• 9.1. Brazil
• 9.2. Argentina

10. Middle East and Africa Wind Turbine Market Outlook, 2017-2031F

• 10.1. Saudi Arabia
• 10.2. UAE
• 10.3. South Africa

11. Porter's Five Forces Analysis

12. PESTLE Analysis

13. Market Dynamics

• 13.1. Market Drivers
• 13.2. Market Challenges

14. Market Trends and Developments

15. Case Studies

16. Competitive Landscape

• 16.1. Competition Matrix of Top 5 Market Leaders
• 16.2. SWOT Analysis for Top 5 Players
• 16.3. Key Players Landscape for Top 10 Market Players
  • 16.3.1. Vestas Wind Systems A/S
    • 16.3.1.1. Company Details
    • 16.3.1.2. Key Management Personnel
    • 16.3.1.3. Products and Services
    • 16.3.1.4. Financials (As Reported)
    • 16.3.1.5. Key Market Focus and Geographical Presence
    • 16.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 16.3.2. Siemens Gamesa
  • 16.3.3. Goldwind Science & Technology Co., Ltd.
  • 16.3.4. Nordex SE
  • 16.3.5. ENERCON Global GmbH
  • 16.3.6. GE Vernova Inc.
  • 16.3.7. Envision Energy USA Limited
  • 16.3.8. Suzlon Energy Limited
  • 16.3.9. Shanghai Electric Group Co., Ltd.
  • 16.3.10. Mingyang Smart Energy Group
  • 16.3.11. Windey Energy Technology Group Co., Ltd.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

17. Strategic Recommendations

18. About Us and Disclaimer