Wind Turbine Components Market Analysis by Size, Growth, Trends by 2031
The Wind Turbine Components Market size is projected to reach US$ 1,25,497.36 million by 2031 from US$ 83,407.19 million in 2023. The market is expected to register a CAGR of 5.2% in 2023–2031. Increasing focus on reducing GHG emissions, growing emphasis on renewable energy sources for promoting sustainability, and rising concern towards environment protection are some other trends for the wind turbine components market.
Wind Turbine Components Market Analysis
The growing expansion of wind and renewable energy projects is the key factor stimulating the requirement for wind turbine components. Renewable energy sources portray a critical role in securing sustainable energy with lower emissions. The growing awareness for energy efficiency has been encouraged to increase the application of wind. The increasing energy demand showcases the importance of wind energy sources. Rising energy prices and supply uncertainties owing to various geopolitical challenges are anticipated to propel the growth of the wind turbine components market over the forecast period. The utilization of wind energy has rapidly increased in recent years due to its capability to reduce the adverse environmental effects of standard energy resources such as oil and coal, which is acting as a major driver for the wind turbine components market.
Wind Turbine Components Market Overview
Growing population and rapid industrialization have driven the demand for wind energy, which is boosting the application of wind turbine components. The rise in energy consumption boosted the need for alternative energy sources, as traditional energy resources such as fossil fuels are directing to environmental pollution. Clean alternative options such as wind emerged to curb immense carbon emissions and their negative impact on the environment, along with the agenda of balancing the energy supply and demand. Thus, the rise in the development of the renewable energy sector and supportive government initiatives toward utilizing a sustainable approach to reduce carbon emissions are fueling the investment in wind energy sources, which is driving the market growth of wind turbine components globally.
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Wind Turbine Components Market: Strategic Insights
Market Size Value in US$ 118,701.14 Million in 2022 Market Size Value by US$ 152,019.92 Million by 2028 Growth rate CAGR of 4.2% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Wind Turbine Components Market: Strategic Insights
| Market Size Value in | US$ 118,701.14 Million in 2022 |
| Market Size Value by | US$ 152,019.92 Million by 2028 |
| Growth rate | CAGR of 4.2% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Wind Turbine Components Market Drivers and Opportunities
Supportive Government Policies for Wind Power Generation Driving Demand for Wind Turbine Components
Energy derived from fossil fuels is unsustainable due to limited, depleting supply and the environmental impact. As a result, the trend of sustainable and clean energy production is growing. The development of the wind energy sector requires substantial support from the government in terms of funds, incentives, and tax credits. Investments in wind energy projects help diversify the global energy mix, protect power grids from the instability of other conventional sources such as fossil fuels, and reduce energy costs. Many developed countries, such as the US, Germany, and China, are taking initiatives to solve the energy crisis issues. For instance, in 2023, the US government announced an investment of US$ 11 billion for research and development activities in clean energy areas. Thus, such government initiatives and investments drive the wind turbine components market.
Growing Investment in Wind Energy – An Opportunity in Wind Turbine Components Market
The growing government focus on alternative energy resources rather than conventional ones is anticipated to propel the growth of wind energy. Wind energy is emerging as an important alternative to fossil fuels, which primarily helps in meeting rising energy demand in an environmentally friendly way. Governments of various nations are focusing on investing in onshore and offshore wind projects to reduce the dependence on fossil fuels to mitigate carbon emissions and their toxic impacts on the environment. Offshore wind projects are perceived to be more efficient than onshore wind farms owing to greater consistency, higher wind speeds, and a lack of physical interference from land. The increasing number of offshore wind projects is also acting as a major boosting factor for the growth of the wind turbine components market globally.
Wind Turbine Components Market Report Segmentation Analysis
Key segments that contributed to the derivation of the wind turbine components market analysis are component.
- Based on the components, the wind turbine components market has been divided into rotor blade, nacelle, gearbox, generator, tower, and pitch system. The tower segment held a larger market share in 2023.
Wind Turbine Components Market Share Analysis by Geography
The geographic scope of the Wind Turbine Components Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
The Asia Pacific is leading the wind turbine components market in 2023. Countries such as China, India, and Japan are the leading countries holding a large portion of the market share, which is projected to increase in the coming years. The faster deployment of wind plants, growing awareness among consumers, increasing investment from leading players in the wind industry, and supportive policy frameworks and regulations from the government are the key factors attributed to the growth of the wind turbine components market in the Asia Pacific region. The countries in the Asia Pacific are moving towards increasing the production of wind energy. The regulatory bodies and favorable policy framework are helping escalate the production. To achieve the ambitious target, the Government of India introduced various schemes to encourage the generation of wind power in the country. China is one of the leading countries in the production of wind energy, which is anticipated to drive the growth of the wind turbine components market in the Asia Pacific.
Wind Turbine Components Market Report Scope
Wind Turbine Components Market News and Recent Developments
The Wind Turbine Components Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
- In February 2023, Siemens Gamesa announced the opening of an offshore nacelle manufacturing facility in New York. (Source: Siemens Gamesa, Press Release/Company Website/Newsletter)
- In January 2023, TPI Composites Inc. and GE collaborated to extend supply agreements and planned to design next-generation blade designs. (Source: TPI Composites Inc, Press Release/Company Website/Newsletter)
Wind Turbine Components Market Report Coverage and Deliverables
The “Wind Turbine Components Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:
- Wind Turbine Components Marketsize and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Wind Turbine Components Market Trends
- Detailed PEST and SWOT analysis
- Wind Turbine Components Market analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments
- Wind Turbine Components Industry, landscape and competition analysis, covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Wind Turbine Components Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Wind Turbine Components Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Number of Product Launches
5.1.2 Rising Number of Wind Farms
5.2 Market Restraints
5.2.1 Overdependence on Chinese Wind Turbine Component Manufacturers
5.3 Market Opportunities
5.3.1 Growing Government Initiatives to Promote Wind Energy
5.4 Future Trends
5.4.1 Rising Demand for Floating Wind Technology
5.5 Impact Analysis of Drivers and Restraints
6. Wind Turbine Components Market – Global Market Analysis
6.1 Global Wind Turbine Components Market Overview
6.2 Global Wind Turbine Components Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Wind Turbine Components Market Revenue and Forecast to 2028 – Component
7.1 Overview
7.2 Wind Turbine Components Market, By Component (2021 And 2028)
7.3 Rotor Blade
7.3.1 Overview
7.3.2 Rotor Blade: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.3.3 Below 40m
7.3.3.1 Overview
7.3.3.2 Below 40m: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.3.4m to 60m
7.3.4.1 Overview
7.3.4.2m to 60m: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.3.5m to 70m
7.3.5.1 Overview
7.3.5.2m to 70m: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.3.6 Above 70m
7.3.6.1 Overview
7.3.6.2 Above 70m: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.4 Nacelle
7.4.1 Overview
7.4.2 Nacelle: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.5 Gearbox
7.5.1 Overview
7.5.2 Gearbox: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.5.3 Planetary Gearbox
7.5.3.1 Overview
7.5.3.2 Planetary Gearbox: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.5.4 Spur Gearbox
7.5.4.1 Overview
7.5.4.2 Spur Gearbox: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.5.5 Others
7.5.5.1 Overview
7.5.5.2 Others: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.6 Generator
7.6.1 Overview
7.6.2 Generator: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.6.3 Direct Current
7.6.3.1 Overview
7.6.3.2 Direct Current: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.6.4 AC Synchronous
7.6.4.1 Overview
7.6.4.2 AC Synchronous: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.7 Tower
7.7.1 Overview
7.7.2 Tower: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.7.3 Tubular Steel Towers
7.7.3.1 Overview
7.7.3.2 Tubular Steel Towers: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.7.4 Lattice Towers
7.7.4.1 Overview
7.7.4.2 Lattice Towers: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.7.5 Hybrid Towers
7.7.5.1 Overview
7.7.5.2 Hybrid Towers: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.8 Pitch System
7.8.1 Overview
7.8.2 Pitch System: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
8. Wind Turbine Components Market – Geographic Analysis
8.1 Overview
8.2 North America: Wind Turbine Components Market
8.2.1 North America: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.2.2 North America: Wind Turbine Components Market, by Component
8.2.2.1 North America: Wind Turbine Components Market, by Rotor Blade
8.2.2.2 North America: Wind Turbine Components Market, by Gearbox
8.2.2.3 North America: Wind Turbine Components Market, by Generator
8.2.2.4 North America: Wind Turbine Components Market, by Tower
8.2.3 North America: Wind Turbine Components Market, by Key Country
8.2.3.1 US: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.2.3.1.1 US: Wind Turbine Components Market, by Component
8.2.3.1.1.1 US: Wind Turbine Components Market, by Rotor Blades
8.2.3.1.1.2 US: Wind Turbine Components Market, by Gearbox
8.2.3.1.1.3 US: Wind Turbine Components Market, by Generator
8.2.3.1.1.4 US: Wind Turbine Components Market, by Tower
8.2.3.2 Canada: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.2.3.2.1 Canada: Wind Turbine Components Market, by Component
8.2.3.2.1.1 Canada: Wind Turbine Components Market, by Rotor Blades
8.2.3.2.1.2 Canada: Wind Turbine Components Market, by Gearbox
8.2.3.2.1.3 Canada: Wind Turbine Components Market, by Generator
8.2.3.2.1.4 Canada: Wind Turbine Components Market, by Tower
8.2.3.3 Mexico: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.2.3.3.1 Mexico: Wind Turbine Components Market, by Component
8.2.3.3.1.1 Mexico: Wind Turbine Components Market, by Rotor Blades
8.2.3.3.1.2 Mexico: Wind Turbine Components Market, by Gearbox
8.2.3.3.1.3 Mexico: Wind Turbine Components Market, by Generator
8.2.3.3.1.4 Mexico: Wind Turbine Components Market, by Tower
8.3 Europe: Wind Turbine Components Market
8.3.1 Europe: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.3.2 Europe: Wind Turbine Components Market, by Component
8.3.2.1 Europe: Wind Turbine Components Market, by Rotor Blades
8.3.2.2 Europe: Wind Turbine Components Market, by Gearbox
8.3.2.3 Europe: Wind Turbine Components Market, by Generator
8.3.2.4 Europe: Wind Turbine Components Market, by Tower
8.3.3 Europe: Wind Turbine Components Market, by Key Country
8.3.3.1 France: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.3.3.1.1 France: Wind Turbine Components Market, by Component
8.3.3.1.1.1 France: Wind Turbine Components Market, by Rotor Blades
8.3.3.1.1.2 France: Wind Turbine Components Market, by Gearbox
8.3.3.1.1.3 France: Wind Turbine Components Market, by Generator
8.3.3.1.1.4 France: Wind Turbine Components Market, by Tower
8.3.3.2 Germany: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.3.3.2.1 Germany: Wind Turbine Components Market, by Component
8.3.3.2.1.1 Germany: Wind Turbine Components Market, by Rotor Blades
8.3.3.2.1.2 Germany: Wind Turbine Components Market, by Gearbox
8.3.3.2.1.3 Germany: Wind Turbine Components Market, by Generator
8.3.3.2.1.4 Germany: Wind Turbine Components Market, by Tower
8.3.3.3 Italy: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.3.3.3.1 Italy: Wind Turbine Components Market, by Component
8.3.3.3.1.1 Italy: Wind Turbine Components Market, by Rotor Blades
8.3.3.3.1.2 Italy: Wind Turbine Components Market, by Gearbox
8.3.3.3.1.3 Italy: Wind Turbine Components Market, by Generator
8.3.3.3.1.4 Italy: Wind Turbine Components Market, by Tower
8.3.3.4 UK: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.3.3.4.1 UK: Wind Turbine Components Market, by Component
8.3.3.4.1.1 UK: Wind Turbine Components Market, by Rotor Blades
8.3.3.4.1.2 UK: Wind Turbine Components Market, by Gearbox
8.3.3.4.1.3 UK: Wind Turbine Components Market, by Generator
8.3.3.4.1.4 UK: Wind Turbine Components Market, by Tower
8.3.3.5 Russia: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.3.3.5.1 Russia: Wind Turbine Components Market, by Component
8.3.3.5.1.1 Russia: Wind Turbine Components Market, by Rotor Blades
8.3.3.5.1.2 Russia: Wind Turbine Components Market, by Gearbox
8.3.3.5.1.3 Russia: Wind Turbine Components Market, by Generator
8.3.3.5.1.4 Russia: Wind Turbine Components Market, by Tower
8.3.3.6 Rest of Europe: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.3.3.6.1 Rest of Europe: Wind Turbine Components Market, by Component
8.3.3.6.1.1 Rest of Europe: Wind Turbine Components Market, by Rotor Blades
8.3.3.6.1.2 Rest of Europe: Wind Turbine Components Market, by Gearbox
8.3.3.6.1.3 Rest of Europe: Wind Turbine Components Market, by Generator
8.3.3.6.1.4 Rest of Europe: Wind Turbine Components Market, by Tower
8.4 Asia Pacific: Wind Turbine Components Market
8.4.1 Asia Pacific: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.4.2 Asia Pacific: Wind Turbine Components Market, by Component
8.4.2.1 Asia Pacific: Wind Turbine Components Market, by Rotor Blades
8.4.2.2 Asia Pacific: Wind Turbine Components Market, by Gearbox
8.4.2.3 Asia Pacific: Wind Turbine Components Market, by Generator
8.4.2.4 Asia Pacific: Wind Turbine Components Market, by Tower
8.4.3 Asia Pacific: Wind Turbine Components Market, by Key Country
8.4.3.1 Australia: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.4.3.1.1 Australia: Wind Turbine Components Market, by Component
8.4.3.1.1.1 Australia: Wind Turbine Components Market, by Rotor Blades
8.4.3.1.1.2 Australia: Wind Turbine Components Market, by Gearbox
8.4.3.1.1.3 Australia: Wind Turbine Components Market, by Generator
8.4.3.1.1.4 Australia: Wind Turbine Components Market, by Tower
8.4.3.2 China: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.4.3.2.1 China: Wind Turbine Components Market, by Component
8.4.3.2.1.1 China: Wind Turbine Components Market, by Rotor Blades
8.4.3.2.1.2 China: Wind Turbine Components Market, by Gearbox
8.4.3.2.1.3 China: Wind Turbine Components Market, by Generator
8.4.3.2.1.4 China: Wind Turbine Components Market, by Tower
8.4.3.3 India: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.4.3.3.1 India: Wind Turbine Components Market, by Component
8.4.3.3.1.1 India: Wind Turbine Components Market, by Rotor Blades
8.4.3.3.1.2 India: Wind Turbine Components Market, by Gearbox
8.4.3.3.1.3 India: Wind Turbine Components Market, by Generator
8.4.3.3.1.4 India: Wind Turbine Components Market, by Tower
8.4.3.4 Japan: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.4.3.4.1 Japan: Wind Turbine Components Market, by Component
8.4.3.4.1.1 Japan: Wind Turbine Components Market, by Rotor Blades
8.4.3.4.1.2 Japan: Wind Turbine Components Market, by Gearbox
8.4.3.4.1.3 Japan: Wind Turbine Components Market, by Generator
8.4.3.4.1.4 Japan: Wind Turbine Components Market, by Tower
8.4.3.5 South Korea: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.4.3.5.1 South Korea: Wind Turbine Components Market, by Component
8.4.3.5.1.1 South Korea: Wind Turbine Components Market, by Rotor Blades
8.4.3.5.1.2 South Korea: Wind Turbine Components Market, by Gearbox
8.4.3.5.1.3 South Korea: Wind Turbine Components Market, by Generator
8.4.3.5.1.4 South Korea: Wind Turbine Components Market, by Tower
8.4.3.6 Rest of APAC: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.4.3.6.1 Rest of APAC: Wind Turbine Components Market, by Component
8.4.3.6.1.1 Rest of APAC: Wind Turbine Components Market, by Rotor Blades
8.4.3.6.1.2 Rest of APAC: Wind Turbine Components Market, by Gearbox
8.4.3.6.1.3 Rest of APAC: Wind Turbine Components Market, by Generator
8.4.3.6.1.4 Rest of APAC: Wind Turbine Components Market, by Tower
8.5 MEA: Wind Turbine Components Market
8.5.1 MEA: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.5.2 MEA: Wind Turbine Components Market, by Component
8.5.2.1 MEA: Wind Turbine Components Market, by Rotor Blades
8.5.2.2 MEA: Wind Turbine Components Market, by Gearbox
8.5.2.3 MEA: Wind Turbine Components Market, by Generator
8.5.2.4 MEA: Wind Turbine Components Market, by Tower
8.5.3 MEA: Wind Turbine Components Market, by Key Country
8.5.3.1 Saudi Arabia: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.5.3.1.1 Saudi Arabia: Wind Turbine Components Market, by Component
8.5.3.1.1.1 Saudi Arabia: Wind Turbine Components Market, by Rotor Blades
8.5.3.1.1.2 Saudi Arabia: Wind Turbine Components Market, by Gearbox
8.5.3.1.1.3 Saudi Arabia: Wind Turbine Components Market, by Generator
8.5.3.1.1.4 Saudi Arabia: Wind Turbine Components Market, by Tower
8.5.3.2 UAE: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.5.3.2.1 UAE: Wind Turbine Components Market, by Component
8.5.3.2.1.1 UAE: Wind Turbine Components Market, by Rotor Blades
8.5.3.2.1.2 UAE: Wind Turbine Components Market, by Gearbox
8.5.3.2.1.3 UAE: Wind Turbine Components Market, by Generator
8.5.3.2.1.4 UAE: Wind Turbine Components Market, by Tower
8.5.3.3 South Africa: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.5.3.3.1 South Africa: Wind Turbine Components Market, by Component
8.5.3.3.1.1 South Africa: Wind Turbine Components Market, by Rotor Blades
8.5.3.3.1.2 South Africa: Wind Turbine Components Market, by Gearbox
8.5.3.3.1.3 South Africa: Wind Turbine Components Market, by Generator
8.5.3.3.1.4 South Africa: Wind Turbine Components Market, by Tower
8.5.3.4 Rest of MEA: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.5.3.4.1 Rest of MEA: Wind Turbine Components Market, by Component
8.5.3.4.1.1 Rest of MEA: Wind Turbine Components Market, by Rotor Blades
8.5.3.4.1.2 Rest of MEA: Wind Turbine Components Market, by Gearbox
8.5.3.4.1.3 Rest of MEA: Wind Turbine Components Market, by Generator
8.5.3.4.1.4 Rest of MEA: Wind Turbine Components Market, by Tower
8.6 SAM: Wind Turbine Components Market
8.6.1 SAM: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.6.2 SAM: Wind Turbine Components Market, by Component
8.6.2.1 SAM: Wind Turbine Components Market, by Rotor Blades
8.6.2.2 SAM: Wind Turbine Components Market, by Gearbox
8.6.2.3 SAM: Wind Turbine Components Market, by Generator
8.6.2.4 SAM: Wind Turbine Components Market, by Tower
8.6.3 SAM: Wind Turbine Components Market, by Key Country
8.6.3.1 Brazil: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.6.3.1.1 Brazil: Wind Turbine Components Market, by Component
8.6.3.1.1.1 Brazil: Wind Turbine Components Market, by Rotor Blades
8.6.3.1.1.2 Brazil: Wind Turbine Components Market, by Gearbox
8.6.3.1.1.3 Brazil: Wind Turbine Components Market, by Generator
8.6.3.1.1.4 Brazil: Wind Turbine Components Market, by Tower
8.6.3.2 Argentina: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.6.3.2.1 Argentina: Wind Turbine Components Market, by Component
8.6.3.2.1.1 Argentina: Wind Turbine Components Market, by Rotor Blades
8.6.3.2.1.2 Argentina: Wind Turbine Components Market, by Gearbox
8.6.3.2.1.3 Argentina: Wind Turbine Components Market, by Generator
8.6.3.2.1.4 Argentina: Wind Turbine Components Market, by Tower
8.6.3.3 Rest of SAM: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.6.3.3.1 Rest of SAM: Wind Turbine Components Market, by Component
8.6.3.3.1.1 Rest of SAM: Wind Turbine Components Market, by Rotor Blades
8.6.3.3.1.2 Rest of SAM: Wind Turbine Components Market, by Gearbox
8.6.3.3.1.3 Rest of SAM: Wind Turbine Components Market, by Generator
8.6.3.3.1.4 Rest of SAM: Wind Turbine Components Market, by Tower
9. Impact of COVID-19 Pandemic on Wind Turbine Components Market
9.1 Overview
9.2 North America: Impact Assessment of COVID-19 Pandemic
9.3 Europe: Impact Assessment of COVID-19 Pandemic
9.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
9.5 MEA: Impact Assessment of COVID-19 Pandemic
9.6 South America Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 Siemens Gamesa Renewable Energy SA
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Vestas Wind Systems AS
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 TPI Composites Inc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 GRI Renewable Industries SL
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Marmen Inc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Valmont Industries Inc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 LM Wind Power AS
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 The Timken Co
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 ZF Friedrichshafen AG
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Flender International GmbH
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. Global Wind Turbine Components Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. North America: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Wind Turbine Components Market, by Rotor Blade– Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 6. North America: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 7. North America: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 10. US: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 11. US: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 12. US: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 15. Canada: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 16. Canada: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 17. Canada: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 19. Mexico: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 20. Mexico: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 21. Mexico: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 22. Mexico: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 23. Europe: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 24. Europe: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 25. Europe: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 26. Europe: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 27. Europe: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 28. France: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 29. France: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 30. France: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 31. France: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 32. France: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 33. Germany: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 34. Germany: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 35. Germany: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 36. Germany: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 37. Germany: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 38. Italy: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 39. Italy: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 40. Italy: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 41. Italy: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 42. Italy: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 43. UK: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 44. UK: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 45. UK: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 46. UK: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 47. UK: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 48. Russia: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 49. Russia: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 50. Russia: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 51. Russia: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 52. Russia: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of Europe: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of Europe: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of Europe: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of Europe: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of Europe: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 58. Asia Pacific: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 59. Asia Pacific: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 60. Asia Pacific: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 61. Asia Pacific: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 62. Asia Pacific: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 63. Australia: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 64. Australia: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 65. Australia: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 66. Australia: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 67. Australia: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 68. China: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 69. China: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 70. China: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 71. China: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 72. China: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 73. India: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 74. India: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 75. India: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 76. India: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 77. India: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 78. Japan: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 79. Japan: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 80. Japan: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 81. Japan: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 82. Japan: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 83. South Korea: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 84. South Korea: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 85. South Korea: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 86. South Korea: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 87. South Korea: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 88. Rest of APAC: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 89. Rest of APAC: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 90. Rest of APAC: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 91. Rest of APAC: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 92. Rest of APAC: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 93. MEA: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 94. MEA: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 95. MEA: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 96. MEA: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 97. MEA: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 98. Saudi Arabia: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 99. Saudi Arabia: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 100. Saudi Arabia: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 101. Saudi Arabia: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 102. Saudi Arabia: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 103. UAE: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 104. UAE: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 105. UAE: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 106. UAE: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 107. UAE: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 108. South Africa: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 109. South Africa: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 110. South Africa: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 111. South Africa: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 112. South Africa: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 113. Rest of MEA: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 114. Rest of MEA: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 115. Rest of MEA: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 116. Rest of MEA: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 117. Rest of MEA: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 118. SAM: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 119. SAM: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 120. SAM: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 121. SAM: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 122. SAM: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 123. Brazil: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 124. Brazil: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 125. Brazil: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 126. Brazil: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 127. Brazil: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 128. Argentina: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 129. Argentina: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 130. Argentina: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 131. Argentina: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 132. Argentina: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 133. Rest of SAM: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 134. Rest of SAM: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 135. Rest of SAM: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 136. Rest of SAM: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 137. Rest of SAM: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 138. Glossary of Terms, Wind Turbine Components Market
LIST OF FIGURES
Figure 1. Wind Turbine Components Market Segmentation
Figure 2. Wind Turbine Components Market Segmentation – Geography
Figure 3. Wind Turbine Components Market Overview
Figure 4. Wind Turbine Components Market, by Component
Figure 5. Wind Turbine Components Market, by Region
Figure 6. North America: PEST Analysis
Figure 7. Europe: PEST Analysis
Figure 8. Asia Pacific: PEST Analysis
Figure 9. Middle East & Africa: PEST Analysis
Figure 10. South America: PEST Analysis
Figure 11. Wind Turbine Components Market– Ecosystem Analysis
Figure 12. Expert Opinion
Figure 13. Wind Turbine Components Market: Impact Analysis of Drivers and Restraints
Figure 14. Global Wind Turbine Components Market
Figure 15. Global Wind Turbine Components Market, Forecast and Analysis (US$ Mn)
Figure 16. Market Positioning- Top Five Players
Figure 17. Wind Turbine Components Market, By Component (2021 and 2028)
Figure 18. Rotor Blade: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Below 40m: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 20.m to 60m: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 21.m to 70m: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Above 70m: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Nacelle: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Gearbox: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Planetary Gearbox: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Spur Gearbox: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Others: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Generator: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Direct Current: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. AC Synchronous: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Tower: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Tubular Steel Towers: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 33. Lattice Towers: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 34. Hybrid Towers: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 35. Pitch System: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 36. Global Wind Turbine Components Market Breakdown, by Region, 2021 & 2028 (%)
Figure 37. North America: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. North America: Wind Turbine Components Market Revenue Share, by Component (2021 & 2028)
Figure 39. North America: Wind Turbine Components Market Revenue Share, by Key Country (2021 & 2028)
Figure 40. US: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Canada: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Mexico: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Europe: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Europe: Wind Turbine Components Market Revenue Share, by Component (2021 & 2028)
Figure 45. Europe: Wind Turbine Components Market Revenue Share, by Key Country (2021 & 2028)
Figure 46. France: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Germany: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Italy: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. UK: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Russia: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Rest of Europe: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Asia Pacific: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Asia Pacific: Wind Turbine Components Market Revenue Share, by Component (2021 & 2028)
Figure 54. Asia Pacific: Wind Turbine Components Market Revenue Share, by Key Country (2021 & 2028)
Figure 55. Australia: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. China: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. India: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. Japan: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. South Korea: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Rest of APAC: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. MEA: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. MEA: Wind Turbine Components Market Revenue Share, by Component (2021 & 2028)
Figure 63. MEA: Wind Turbine Components Market Revenue Share, by Key Country (2021 & 2028)
Figure 64. Saudi Arabia: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. UAE: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. South Africa: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Rest of MEA: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. SAM: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. SAM: Wind Turbine Components Market Revenue Share, by Component (2021 & 2028)
Figure 70. SAM: Wind Turbine Components Market Revenue Share, by Key Country (2021 & 2028)
Figure 71. Brazil: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. Argentina: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. Rest of SAM: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. Impact of COVID-19 Pandemic on North America Country Markets
Figure 75. Impact of COVID-19 Pandemic on Europe Country Markets
Figure 76. Impact of COVID-19 Pandemic on Asia Pacific Country Markets
Figure 77. Impact of COVID-19 Pandemic on MEA Country Markets
Figure 78. Impact of COVID-19 Pandemic on South America Country Markets
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (String, Micro, Central), Phase (Single Phase, Three Phase), Connectivity (Standalone, On-grid), Application (Residential, Community, Commercial and Industrial, Utility), Capacity (Below 5 kW, 5 - 15 kW, 15 - 25 kW, 25 - 50 kW, Above 50 kW); and Geography
May 2024
Offshore Oil and Gas Pipes Fittings and Flanges Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Pipes, Fitting, and Flanges), Material Type (Steel, Alloy Steel, Nickel Alloys, and Copper Alloys); and Geography
May 2024
Turboexpander Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Loading Device (Compressor, Generator, and Hydraulic/Oil Brake), Power Capacity [Less than 1 MW (Up to 500 KW and 500 KW to 1 MW), 1 MW to 20 MW, and More than 20 MW], End User (Oil and Gas, Power Generation, and Industrial), and Geography
May 2024
Green Hydrogen Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Alkaline Electrolysis and PEM Electrolysis), Renewable Source (Wind Energy, Solar Energy, and Others), and End-use Industry (Chemical, Power, Food & Beverages, Medical, Petrochemicals, and Others), and Geography
May 2024
Thermal Energy Storage Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: Type (Sensible Heat Storage, Latent Heat Storage, Thermochemical Storage), Storage Material (Water, Molten Salt, PCM, Others), Application (District Heating and Cooling, Power Generation, Process Heating and Cooling), and End User (Utility, Nonutility) and Geography
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