Wind Turbine Generator Market
Wind Turbine Generator Market Study by Direct Current, Alternating Current Asynchronous, Alternating Current Synchronous, and Switched Reluctant Generators from 2024 to 2034
Analysis of Wind Turbine Generator Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Wind Turbine Generator Market Outlook (2024 to 2034)
The global wind turbine generator market size has been calculated to increase from US$ 23.6 billion in 2024 to US$ 39.9 billion by the end of 2034. As per this latest research report by Fact.MR, the market is projected to expand at a CAGR of 5.4% from 2024 to 2034.
A wind power generator, also called a wind turbine or wind energy converter, is an apparatus that transforms wind energy into electrical power. The wind's kinetic energy is captured by wind turbines and converted into mechanical energy, which is utilized to produce electricity. Since they do not emit greenhouse gases or deplete scarce resources, they are a clean and sustainable energy source.
Demand for renewable energy, particularly wind power, is rising as a result of the worldwide transition towards greener and more sustainable energy sources to combat climate change and reduce greenhouse gas emissions. Wind energy adoption is receiving more and more support from businesses, consumers, and governments since it is considered an essential part of the clean energy transition.
Governments worldwide have put in place incentives and laws that favor the advancement and use of wind power generation. Feed-in tariffs, tax credits, subsidies, and renewable energy requirements are a few examples of these that increase the financial appeal of wind energy projects to developers and investors. These factors are projected to drive wind turbine generator market growth during the forecast period.
It may be logistically and financially difficult to link wind power plants to the electrical grid, especially in distant places with an abundance of wind resources. It could be necessary to improve or expand transmission lines, which would raise the cost of the project overall. Key market players in the market are trying to invest in technology to overcome this issue.
Recent developments in grid management and smart grid technology make it easier to incorporate intermittent renewable energy sources like wind power into the current electricity infrastructure. Advancements in grid flexibility and management augment the capacity to accept elevated degrees of wind power penetration, generating novel prospects for the proliferation of wind energy. This is expected to boost wind power generator sales in several end-use industries.
| Report Attribute | Detail |
|---|---|
| Wind Turbine Generator Market Size (2024E) | US$ 23.6 Billion |
| Forecasted Market Value (2034F) | US$ 39.9 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.4% CAGR |
| Canada Market Growth Rate (2024 to 2034) | 5.4% CAGR |
| China Market Value (2034F) | US$ 9.1 Billion |
| North America Market Share (2024E) | 19.5% |
| East Asia Market Share (2034F) | 38.6% |
| Key Companies Profiled | Siemens; Vestas; Goldwind; Mitsubishi; Bergey Windpower Co.; CRRC Wind Power Co. Ltd.; Eocycle Technologies Inc.; General Electric; Hyundai Heavy Industries Co. Ltd.; Ming Yang Wind Power Group Limited. |
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Which Opportunities are Wind Turbine Generator Manufacturers Leveraging?
“Fuel Cost Stability and Low Operational Expenses Associated with Wind Power Generation”
Because wind energy uses free fuel and may supply power at a set price for up to 20 years, it reduces the price volatility that fuel-based traditional energy sources bring. Low-cost wind energy has been made possible by efforts to increase wind energy capacity driven by the production tax credit and improvements in wind power technology. When compared to traditional techniques, operational expenses are cheaper since wind energy is free.
Turbines and generators run on autopilot and do not require much maintenance during their lifetimes. Despite the high initial costs of wind turbines, the energy generated is affordable, offering makers of turbine generators both stable demand and several lucrative opportunities.
“Collaborations between Governments and Industry Players to Enhance Wind Technology Reliability”
Engineers are better able to comprehend how wind turbines, solar inverters, and energy storage systems respond to disruptions in electric power networks when wind turbine certification testing times and costs are reduced via the use of programmable grid interface test devices.
By examining plant performance under various atmospheric circumstances, computational fluid dynamics is utilized to create modeling and control tools as well as simulators for wind farm applications. These tools help wind farm operators reduce the impacts of turbine wake.
- To reduce the cost of wind energy, the Wind Energy Technology Office (WETO) is collaborating with industry partners to improve the efficiency and dependability of next-generation wind technology.
- The National Wind Technology Center (NWTC) of the National Renewable Energy Laboratory is developing novel materials, components, systems, and modeling techniques to boost wind energy generation.
What are the Challenges Faced by Wind Turbine Companies?
“Grid Stability Challenges and Need to Ensure Preservation of Local Ecosystems”
Grid stability is challenged by the wind resources' intrinsic intermittency, which is a major hindrance to the expansion of the wind turbine generator market size. As wind power's percentage of energy generation rises, the grid has to adjust to its fluctuating output. Creation of efficient energy storage and grid integration solutions is essential to reducing these difficulties and guaranteeing a steady supply of electricity.
Land use disputes and environmental concerns are obstacles to the growth of onshore wind turbines. The deployment of onshore wind projects may be hampered by competition for land in heavily populated regions. To address these issues and strike a balance between the growth of renewable energy sources and the preservation of regional ecosystems and landscapes, meticulous planning, environmental impact studies, and community involvement are necessary.
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Country-wise Insights
The market in China is forecasted to expand at a CAGR of 5.4% from 2024 to 2034. The country is projected to occupy a wind turbine generator market share of 58.8% in East Asia by the end of 2034.
Why is Canada a Key Market in the Wind Generation Business?
“Supportive Government Policies and Financial Support for Private Research Institutes”
| Attribute | Canada |
|---|---|
| Market Value (2024E) | US$ 600 Million |
| Growth Rate (2024 to 2034) | 5.4% CAGR |
| Projected Value (2034F) | US$ 1 Billion |
Supportive policies in Canada promoting the transition from conventional energy to renewables are one of the key wind turbine generator market trends in Canada. While other countries like the United States and Mexico are trying to enhance energy output from renewable sources, notably wind energy, the country leads the continent in the number of wind turbine installations. The market for wind turbine generators in Canada is driven by supportive government policies, government funding for private research institutes, and rising industry R&D expenditures.
What is Making Japan the Centre of Attention among Market Players?
“Ideal Geographic Location and Commitment to Increasing Renewable Energy Sources”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 1.9 Billion |
| Growth Rate (2024 to 2034) | 5.7% CAGR |
| Projected Value (2034F) | US$ 3.3 Billion |
Japan is investing a large amount of money in the development of wind turbine generators. The country benefits from its ideal geographic location for constructing wind turbines, leading to highly successful operations. These wind turbine generators are equipped with advanced technology, simplifying installation and maximizing operational efficiency.
Category-wise Evaluation
Based on generator type, alternating current synchronous generators are analyzed to expand at a CAGR of 5.4% from 2024 to 2034.
Which Generator Type is Expected to Outperform Other Forms in the Market?
“Ease of Use Associated with AC Asynchronous Generators Driving Demand”
| Attribute | Alternating Current Asynchronous Generators |
|---|---|
| Segment Value (2024E) | US$ 15.2 Billion |
| Growth Rate (2024 to 2034) | 5.4% CAGR |
| Projected Value (2034F) | US$ 25.7 Billion |
Induction generators, also known as alternating current (AC) asynchronous generators, offer several advantages. They can be utilized without the need for additional circuitry. Asynchronous generators function as generators without requiring extra wiring. In addition, they serve as excellent voltage regulators and effective voltage controllers, capable of being coupled to a three-phase mains supply.
Why is Deployment of Onshore Wind Turbine Generators Significantly Higher?
“Ease of Installation and Less Maintenance Requirements”
| Attribute | Onshore Wind Turbine Generators |
|---|---|
| Segment Value (2024E) | US$ 18.1 Billion |
| Growth Rate (2024 to 2034) | 5.4% CAGR |
| Projected Value (2034F) | US$ 30.6 Billion |
Onshore and offshore wind turbine installations are increasingly prevalent, with their numbers rising steadily each day. Moreover, the onshore wind turbine generator market is rapidly expanding owing to its straightforward installation, decreased maintenance needs, and the proliferation of onshore wind energy projects worldwide.
Know thy Competitors
Competitive landscape highlights only certain players
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Business Competition
Key players in the wind turbine generator market are coming up with new ways to solve contemporary problems with component placement in challenging conditions. Businesses are forming positive alliances and working together with governments and end-user industries.
Because wind turbines are in such great demand, industry participants may increase the range of products they provide. Market players are attempting to broaden their geographical bases while concentrating their cash and efforts on research and development, and adapting themselves to evolving market trends such as wind turbine drone inspection, wind turbine materials, and wind turbine rotor blades.
- The Solar Energy Corporation of India announced its plans to launch a tender the next year to create offshore wind projects with a 1,000 megawatt (MW) maximum capacity in March 2024. The tender covers the establishment of offshore wind energy plants with a 500 MW capacity each off the coasts of Gujarat and Tamil Nadu.
- In October 2022, Rolls-Royce announced it would offer long-term service support for all MTU generator sets utilized by the British Royal Navy fleet. The company entered into a contract for the preventive maintenance of ninety MTU engines for the subsequent five years.
Fact.MR provides detailed information about the price points of leading manufacturers of wind turbine generators positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.
Key Segments of Wind Turbine Generator Market Research
-
By Generator Type :
- Direct Current Generators
- Alternating Current Asynchronous Generators
- Fixed Speed Induction Generators/ Squirrel Cage Induction Generators
- Doubly Feed Induction Generators
- Alternating Current Synchronous Generators
- Permanent Magnets Synchronous Generators
- Electrically Excited Synchronous Generators
- Switched Reluctant Generators
-
By Capacity :
- Up to 1 MW
- 1 to 5 MW
- 5 to 10 MW
- Above 10 MW
-
By Drive :
- Direct Drive
- Geared Drive
-
By Speed :
- Fixed
- Variable
-
By Deployment :
- Onshore
- Offshore
-
By Region :
- North America
- Latin America
- Eastern Europe
- Western Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Generator Type 6.2. Capacity 6.3. Drive 6.4. Speed 6.5. Deployment 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Generator Type 7.1. Direct Current Generators 7.2. Alternating Current Asynchronous Generators 7.3. Alternating Current Synchronous Generators 7.4. Switched Reluctant Generators 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Capacity 8.1. Up to 1 MW 8.2. 1 to 5 MW 8.3. 5 to 10 MW 8.4. Above 10 MW 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Drive 9.1. Direct Drive 9.2. Geared Drive 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Speed 10.1. Fixed 10.2. Variable 11. Drive C Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Deployment 11.1. Onshore 11.2. Offshore 12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 12.1. North America 12.2. Latin America 12.3. Western Europe 12.4. Eastern Europe 12.5. East Asia 12.6. South Asia & Pacific 12.7. Middle East & Africa 13. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 19. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 20. Sales Forecast 2024 to 2034 by Generator Type, Capacity, Drive, Speed, Deployment, and Region for 30 Countries 21. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 22. Company Profile 22.1. Siemens 22.2. Vestas 22.3. Goldwind 22.4. Mitsubishi 22.5. Bergey Windpower Co. 22.6. CRRC Wind Power Co. Ltd. 22.7. Eocycle Technologies Inc. 22.8. General Electric 22.9. Hyundai Heavy Industries Co. Ltd. 22.10. Ming Yang Wind Power Group Limited 23. Assumptions and Acronyms Used 24. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Generator Type, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Generator Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Generator Type, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Capacity, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Capacity, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Capacity, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Drive, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Drive, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Drive, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Speed, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Speed, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Speed, 2024 to 2034
Table 13: Global Market Value (US$ Mn) Analysis, by Deployment, 2019 to 2023
Table 14: Global Market Value (US$ Mn) Analysis, by Deployment, 2024 to 2034
Table 15: Global Market Value (US$ Mn) Opportunity Analysis, by Deployment, 2024 to 2034
Table 16: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 17: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 18: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Generator Type, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Generator Type, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Generator Type, 2024 to 2034
Table 25: North America Market Value (US$ Mn) Analysis, by Capacity, 2019 to 2023
Table 26: North America Market Value (US$ Mn) Analysis, by Capacity, 2024 to 2034
Table 27: North America Market Value (US$ Mn) Opportunity Analysis, by Capacity, 2024 to 2034
Table 28: North America Market Value (US$ Mn) Analysis, by Drive, 2019 to 2023
Table 29: North America Market Value (US$ Mn) Analysis, by Drive, 2024 to 2034
Table 30: North America Market Value (US$ Mn) Opportunity Analysis, by Drive, 2024 to 2034
Table 31: North America Market Value (US$ Mn) Analysis, by Speed, 2019 to 2023
Table 32: North America Market Value (US$ Mn) Analysis, by Speed, 2024 to 2034
Table 33: North America Market Value (US$ Mn) Opportunity Analysis, by Speed, 2024 to 2034
Table 34: North America Market Value (US$ Mn) Analysis, by Deployment, 2019 to 2023
Table 35: North America Market Value (US$ Mn) Analysis, by Deployment, 2024 to 2034
Table 36: North America Market Value (US$ Mn) Opportunity Analysis, by Deployment, 2024 to 2034
Table 37: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Latin America Market Value (US$ Mn) Analysis, by Generator Type, 2019 to 2023
Table 41: Latin America Market Value (US$ Mn) Analysis, by Generator Type, 2024 to 2034
Table 42: Latin America Market Value (US$ Mn) Opportunity Analysis, by Generator Type, 2024 to 2034
Table 43: Latin America Market Value (US$ Mn) Analysis, by Capacity, 2019 to 2023
Table 44: Latin America Market Value (US$ Mn) Analysis, by Capacity, 2024 to 2034
Table 45: Latin America Market Value (US$ Mn) Opportunity Analysis, by Capacity, 2024 to 2034
Table 46: Latin America Market Value (US$ Mn) Analysis, by Drive, 2019 to 2023
Table 47: Latin America Market Value (US$ Mn) Analysis, by Drive, 2024 to 2034
Table 48: Latin America Market Value (US$ Mn) Opportunity Analysis, by Drive, 2024 to 2034
Table 49: Latin America Market Value (US$ Mn) Analysis, by Speed, 2019 to 2023
Table 50: Latin America Market Value (US$ Mn) Analysis, by Speed, 2024 to 2034
Table 51: Latin America Market Value (US$ Mn) Opportunity Analysis, by Speed, 2024 to 2034
Table 52: Latin America Market Value (US$ Mn) Analysis, by Deployment, 2019 to 2023
Table 53: Latin America Market Value (US$ Mn) Analysis, by Deployment, 2024 to 2034
Table 54: Latin America Market Value (US$ Mn) Opportunity Analysis, by Deployment, 2024 to 2034
Table 55: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 56: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 57: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 58: Western Europe Market Value (US$ Mn) Analysis, by Generator Type, 2019 to 2023
Table 59: Western Europe Market Value (US$ Mn) Analysis, by Generator Type, 2024 to 2034
Table 60: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Generator Type, 2024 to 2034
Table 61: Western Europe Market Value (US$ Mn) Analysis, by Capacity, 2019 to 2023
Table 62: Western Europe Market Value (US$ Mn) Analysis, by Capacity, 2024 to 2034
Table 63: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Capacity, 2024 to 2034
Table 64: Western Europe Market Value (US$ Mn) Analysis, by Drive, 2019 to 2023
Table 65: Western Europe Market Value (US$ Mn) Analysis, by Drive, 2024 to 2034
Table 66: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Drive, 2024 to 2034
Table 67: Western Europe Market Value (US$ Mn) Analysis, by Speed, 2019 to 2023
Table 68: Western Europe Market Value (US$ Mn) Analysis, by Speed, 2024 to 2034
Table 69: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Speed, 2024 to 2034
Table 70: Western Europe Market Value (US$ Mn) Analysis, by Deployment, 2019 to 2023
Table 71: Western Europe Market Value (US$ Mn) Analysis, by Deployment, 2024 to 2034
Table 72: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Deployment, 2024 to 2034
Table 73: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 74: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: Eastern Europe Market Value (US$ Mn) Analysis, by Generator Type, 2019 to 2023
Table 77: Eastern Europe Market Value (US$ Mn) Analysis, by Generator Type, 2024 to 2034
Table 78: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Generator Type, 2024 to 2034
Table 79: Eastern Europe Market Value (US$ Mn) Analysis, by Capacity, 2019 to 2023
Table 80: Eastern Europe Market Value (US$ Mn) Analysis, by Capacity, 2024 to 2034
Table 81: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Capacity, 2024 to 2034
Table 82: Eastern Europe Market Value (US$ Mn) Analysis, by Drive, 2019 to 2023
Table 83: Eastern Europe Market Value (US$ Mn) Analysis, by Drive, 2024 to 2034
Table 84: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Drive, 2024 to 2034
Table 85: Eastern Europe Market Value (US$ Mn) Analysis, by Speed, 2019 to 2023
Table 86: Eastern Europe Market Value (US$ Mn) Analysis, by Speed, 2024 to 2034
Table 87: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Speed, 2024 to 2034
Table 88: Eastern Europe Market Value (US$ Mn) Analysis, by Deployment, 2019 to 2023
Table 89: Eastern Europe Market Value (US$ Mn) Analysis, by Deployment, 2024 to 2034
Table 90: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Deployment, 2024 to 2034
Table 91: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 92: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 93: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 94: East Asia Market Value (US$ Mn) Analysis, by Generator Type, 2019 to 2023
Table 95: East Asia Market Value (US$ Mn) Analysis, by Generator Type, 2024 to 2034
Table 96: East Asia Market Value (US$ Mn) Opportunity Analysis, by Generator Type, 2024 to 2034
Table 97: East Asia Market Value (US$ Mn) Analysis, by Capacity, 2019 to 2023
Table 98: East Asia Market Value (US$ Mn) Analysis, by Capacity, 2024 to 2034
Table 99: East Asia Market Value (US$ Mn) Opportunity Analysis, by Capacity, 2024 to 2034
Table 100: East Asia Market Value (US$ Mn) Analysis, by Drive, 2019 to 2023
Table 101: East Asia Market Value (US$ Mn) Analysis, by Drive, 2024 to 2034
Table 102: East Asia Market Value (US$ Mn) Opportunity Analysis, by Drive, 2024 to 2034
Table 103: East Asia Market Value (US$ Mn) Analysis, by Speed, 2019 to 2023
Table 104: East Asia Market Value (US$ Mn) Analysis, by Speed, 2024 to 2034
Table 105: East Asia Market Value (US$ Mn) Opportunity Analysis, by Speed, 2024 to 2034
Table 106: East Asia Market Value (US$ Mn) Analysis, by Deployment, 2019 to 2023
Table 107: East Asia Market Value (US$ Mn) Analysis, by Deployment, 2024 to 2034
Table 108: East Asia Market Value (US$ Mn) Opportunity Analysis, by Deployment, 2024 to 2034
Table 109: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 110: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 111: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 112: South Asia & Pacific Market Value (US$ Mn) Analysis, by Generator Type, 2019 to 2023
Table 113: South Asia & Pacific Market Value (US$ Mn) Analysis, by Generator Type, 2024 to 2034
Table 114: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Generator Type, 2024 to 2034
Table 115: South Asia & Pacific Market Value (US$ Mn) Analysis, by Capacity, 2019 to 2023
Table 116: South Asia & Pacific Market Value (US$ Mn) Analysis, by Capacity, 2024 to 2034
Table 117: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Capacity, 2024 to 2034
Table 118: South Asia & Pacific Market Value (US$ Mn) Analysis, by Drive, 2019 to 2023
Table 119: South Asia & Pacific Market Value (US$ Mn) Analysis, by Drive, 2024 to 2034
Table 120: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Drive, 2024 to 2034
Table 121: South Asia & Pacific Market Value (US$ Mn) Analysis, by Speed, 2019 to 2023
Table 122: South Asia & Pacific Market Value (US$ Mn) Analysis, by Speed, 2024 to 2034
Table 123: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Speed, 2024 to 2034
Table 124: South Asia & Pacific Market Value (US$ Mn) Analysis, by Deployment, 2019 to 2023
Table 125: South Asia & Pacific Market Value (US$ Mn) Analysis, by Deployment, 2024 to 2034
Table 126: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Deployment, 2024 to 2034
Table 127: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 128: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 129: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 130: MEA Market Value (US$ Mn) Analysis, by Generator Type, 2019 to 2023
Table 131: MEA Market Value (US$ Mn) Analysis, by Generator Type, 2024 to 2034
Table 132: MEA Market Value (US$ Mn) Opportunity Analysis, by Generator Type, 2024 to 2034
Table 133: MEA Market Value (US$ Mn) Analysis, by Capacity, 2019 to 2023
Table 134: MEA Market Value (US$ Mn) Analysis, by Capacity, 2024 to 2034
Table 135: MEA Market Value (US$ Mn) Opportunity Analysis, by Capacity, 2024 to 2034
Table 136: MEA Market Value (US$ Mn) Analysis, by Drive, 2019 to 2023
Table 137: MEA Market Value (US$ Mn) Analysis, by Drive, 2024 to 2034
Table 138: MEA Market Value (US$ Mn) Opportunity Analysis, by Drive, 2024 to 2034
Table 139: MEA Market Value (US$ Mn) Analysis, by Speed, 2019 to 2023
Table 140: MEA Market Value (US$ Mn) Analysis, by Speed, 2024 to 2034
Table 141: MEA Market Value (US$ Mn) Opportunity Analysis, by Speed, 2024 to 2034
Table 142: MEA Market Value (US$ Mn) Analysis, by Deployment, 2019 to 2023
Table 143: MEA Market Value (US$ Mn) Analysis, by Deployment, 2024 to 2034
Table 144: MEA Market Value (US$ Mn) Opportunity Analysis, by Deployment, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Generator Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Generator Type, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Generator Type, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Capacity, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Capacity, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Capacity, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Drive, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Drive, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Drive, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Speed, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Speed, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Speed, 2024 to 2034
Figure 17: Global Market Share and BPS Analysis by Deployment, 2024 & 2034
Figure 18: Global Market Y-o-Y Growth Projections by Deployment, 2024 to 2034
Figure 19: Global Market Attractiveness Analysis by Deployment, 2024 to 2034
Figure 20: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 21: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 22: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 23: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 24: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 25: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 26: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 27: North America Market Share Analysis by Country, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Generator Type, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Generator Type, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Generator Type, 2024 to 2034
Figure 33: North America Market Share and BPS Analysis by Capacity, 2024 & 2034
Figure 34: North America Market Y-o-Y Growth Projections by Capacity, 2024 to 2034
Figure 35: North America Market Attractiveness Analysis by Capacity, 2024 to 2034
Figure 36: North America Market Share and BPS Analysis by Drive, 2024 & 2034
Figure 37: North America Market Y-o-Y Growth Projections by Drive, 2024 to 2034
Figure 38: North America Market Attractiveness Analysis by Drive, 2024 to 2034
Figure 39: North America Market Share and BPS Analysis by Speed, 2024 & 2034
Figure 40: North America Market Y-o-Y Growth Projections by Speed, 2024 to 2034
Figure 41: North America Market Attractiveness Analysis by Speed, 2024 to 2034
Figure 42: North America Market Share and BPS Analysis by Deployment, 2024 & 2034
Figure 43: North America Market Y-o-Y Growth Projections by Deployment, 2024 to 2034
Figure 44: North America Market Attractiveness Analysis by Deployment, 2024 to 2034
Figure 45: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 46: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 47: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 48: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 49: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 50: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 51: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 52: Latin America Market Share and BPS Analysis by Generator Type, 2024 & 2034
Figure 53: Latin America Market Y-o-Y Growth Projections by Generator Type, 2024 to 2034
Figure 54: Latin America Market Attractiveness Analysis by Generator Type, 2024 to 2034
Figure 55: Latin America Market Share and BPS Analysis by Capacity, 2024 & 2034
Figure 56: Latin America Market Y-o-Y Growth Projections by Capacity, 2024 to 2034
Figure 57: Latin America Market Attractiveness Analysis by Capacity, 2024 to 2034
Figure 58: Latin America Market Share and BPS Analysis by Drive, 2024 & 2034
Figure 59: Latin America Market Y-o-Y Growth Projections by Drive, 2024 to 2034
Figure 60: Latin America Market Attractiveness Analysis by Drive, 2024 to 2034
Figure 61: Latin America Market Share and BPS Analysis by Speed, 2024 & 2034
Figure 62: Latin America Market Y-o-Y Growth Projections by Speed, 2024 to 2034
Figure 63: Latin America Market Attractiveness Analysis by Speed, 2024 to 2034
Figure 64: Latin America Market Share and BPS Analysis by Deployment, 2024 & 2034
Figure 65: Latin America Market Y-o-Y Growth Projections by Deployment, 2024 to 2034
Figure 66: Latin America Market Attractiveness Analysis by Deployment, 2024 to 2034
Figure 67: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 68: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 69: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 70: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 71: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 72: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 73: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 74: Western Europe Market Share and BPS Analysis by Generator Type, 2024 & 2034
Figure 75: Western Europe Market Y-o-Y Growth Projections by Generator Type, 2024 to 2034
Figure 76: Western Europe Market Attractiveness Analysis by Generator Type, 2024 to 2034
Figure 77: Western Europe Market Share and BPS Analysis by Capacity, 2024 & 2034
Figure 78: Western Europe Market Y-o-Y Growth Projections by Capacity, 2024 to 2034
Figure 79: Western Europe Market Attractiveness Analysis by Capacity, 2024 to 2034
Figure 80: Western Europe Market Share and BPS Analysis by Drive, 2024 & 2034
Figure 81: Western Europe Market Y-o-Y Growth Projections by Drive, 2024 to 2034
Figure 82: Western Europe Market Attractiveness Analysis by Drive, 2024 to 2034
Figure 83: Western Europe Market Share and BPS Analysis by Speed, 2024 & 2034
Figure 84: Western Europe Market Y-o-Y Growth Projections by Speed, 2024 to 2034
Figure 85: Western Europe Market Attractiveness Analysis by Speed, 2024 to 2034
Figure 86: Western Europe Market Share and BPS Analysis by Deployment, 2024 & 2034
Figure 87: Western Europe Market Y-o-Y Growth Projections by Deployment, 2024 to 2034
Figure 88: Western Europe Market Attractiveness Analysis by Deployment, 2024 to 2034
Figure 89: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 90: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 91: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 92: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 93: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 94: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 95: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 96: Eastern Europe Market Share and BPS Analysis by Generator Type, 2024 & 2034
Figure 97: Eastern Europe Market Y-o-Y Growth Projections by Generator Type, 2024 to 2034
Figure 98: Eastern Europe Market Attractiveness Analysis by Generator Type, 2024 to 2034
Figure 99: Eastern Europe Market Share and BPS Analysis by Capacity, 2024 & 2034
Figure 100: Eastern Europe Market Y-o-Y Growth Projections by Capacity, 2024 to 2034
Figure 101: Eastern Europe Market Attractiveness Analysis by Capacity, 2024 to 2034
Figure 102: Eastern Europe Market Share and BPS Analysis by Drive, 2024 & 2034
Figure 103: Eastern Europe Market Y-o-Y Growth Projections by Drive, 2024 to 2034
Figure 104: Eastern Europe Market Attractiveness Analysis by Drive, 2024 to 2034
Figure 105: Eastern Europe Market Share and BPS Analysis by Speed, 2024 & 2034
Figure 106: Eastern Europe Market Y-o-Y Growth Projections by Speed, 2024 to 2034
Figure 107: Eastern Europe Market Attractiveness Analysis by Speed, 2024 to 2034
Figure 108: Eastern Europe Market Share and BPS Analysis by Deployment, 2024 & 2034
Figure 109: Eastern Europe Market Y-o-Y Growth Projections by Deployment, 2024 to 2034
Figure 110: Eastern Europe Market Attractiveness Analysis by Deployment, 2024 to 2034
Figure 111: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 112: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 113: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 114: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 115: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 116: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 117: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 118: East Asia Market Share and BPS Analysis by Generator Type, 2024 & 2034
Figure 119: East Asia Market Y-o-Y Growth Projections by Generator Type, 2024 to 2034
Figure 120: East Asia Market Attractiveness Analysis by Generator Type, 2024 to 2034
Figure 121: East Asia Market Share and BPS Analysis by Capacity, 2024 & 2034
Figure 122: East Asia Market Y-o-Y Growth Projections by Capacity, 2024 to 2034
Figure 123: East Asia Market Attractiveness Analysis by Capacity, 2024 to 2034
Figure 124: East Asia Market Share and BPS Analysis by Drive, 2024 & 2034
Figure 125: East Asia Market Y-o-Y Growth Projections by Drive, 2024 to 2034
Figure 126: East Asia Market Attractiveness Analysis by Drive, 2024 to 2034
Figure 127: East Asia Market Share and BPS Analysis by Speed, 2024 & 2034
Figure 128: East Asia Market Y-o-Y Growth Projections by Speed, 2024 to 2034
Figure 129: East Asia Market Attractiveness Analysis by Speed, 2024 to 2034
Figure 130: East Asia Market Share and BPS Analysis by Deployment, 2024 & 2034
Figure 131: East Asia Market Y-o-Y Growth Projections by Deployment, 2024 to 2034
Figure 132: East Asia Market Attractiveness Analysis by Deployment, 2024 to 2034
Figure 133: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 134: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 135: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 136: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 137: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 138: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 139: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 140: South Asia & Pacific Market Share and BPS Analysis by Generator Type, 2024 & 2034
Figure 141: South Asia & Pacific Market Y-o-Y Growth Projections by Generator Type, 2024 to 2034
Figure 142: South Asia & Pacific Market Attractiveness Analysis by Generator Type, 2024 to 2034
Figure 143: South Asia & Pacific Market Share and BPS Analysis by Capacity, 2024 & 2034
Figure 144: South Asia & Pacific Market Y-o-Y Growth Projections by Capacity, 2024 to 2034
Figure 145: South Asia & Pacific Market Attractiveness Analysis by Capacity, 2024 to 2034
Figure 146: South Asia & Pacific Market Share and BPS Analysis by Drive, 2024 & 2034
Figure 147: South Asia & Pacific Market Y-o-Y Growth Projections by Drive, 2024 to 2034
Figure 148: South Asia & Pacific Market Attractiveness Analysis by Drive, 2024 to 2034
Figure 149: South Asia & Pacific Market Share and BPS Analysis by Speed, 2024 & 2034
Figure 150: South Asia & Pacific Market Y-o-Y Growth Projections by Speed, 2024 to 2034
Figure 151: South Asia & Pacific Market Attractiveness Analysis by Speed, 2024 to 2034
Figure 152: South Asia & Pacific Market Share and BPS Analysis by Deployment, 2024 & 2034
Figure 153: South Asia & Pacific Market Y-o-Y Growth Projections by Deployment, 2024 to 2034
Figure 154: South Asia & Pacific Market Attractiveness Analysis by Deployment, 2024 to 2034
Figure 155: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 156: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 157: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 158: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 159: MEA Market Share Analysis by Country, 2024 & 2034
Figure 160: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 161: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 162: MEA Market Share and BPS Analysis by Generator Type, 2024 & 2034
Figure 163: MEA Market Y-o-Y Growth Projections by Generator Type, 2024 to 2034
Figure 164: MEA Market Attractiveness Analysis by Generator Type, 2024 to 2034
Figure 165: MEA Market Share and BPS Analysis by Capacity, 2024 & 2034
Figure 166: MEA Market Y-o-Y Growth Projections by Capacity, 2024 to 2034
Figure 167: MEA Market Attractiveness Analysis by Capacity, 2024 to 2034
Figure 168: MEA Market Share and BPS Analysis by Drive, 2024 & 2034
Figure 169: MEA Market Y-o-Y Growth Projections by Drive, 2024 to 2034
Figure 170: MEA Market Attractiveness Analysis by Drive, 2024 to 2034
Figure 171: MEA Market Share and BPS Analysis by Speed, 2024 & 2034
Figure 172: MEA Market Y-o-Y Growth Projections by Speed, 2024 to 2034
Figure 173: MEA Market Attractiveness Analysis by Speed, 2024 to 2034
Figure 174: MEA Market Share and BPS Analysis by Deployment, 2024 & 2034
Figure 175: MEA Market Y-o-Y Growth Projections by Deployment, 2024 to 2034
Figure 176: MEA Market Attractiveness Analysis by Deployment, 2024 to 2034
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- FAQs -
What is the size of the wind turbine generator market in 2024?
The global market for wind turbine generators is calculated at US$ 23.6 billion in 2024.
Who are the leading players in the market?
Prominent players in the market are Siemens, Vestas, Goldwind, and Mitsubishi.
What are the market estimations for the next 10 years?
The wind turbine generator market is projected to reach US$ 39.9 billion by 2034, expanding at a CAGR of 5.4%.
Which generator type is showing a profitable future in the years to come?
Sales of direct current generators are foreseen to reach US$ 2.5 billion in 2024.
How is the market faring in South Korea?
The market in South Korea is projected to advance at a CAGR of 5.2% between 2024 and 2034.
How is the Mexico market placed for wind turbine generators?
The market in Mexico is forecasted to expand at a CAGR of 5% and account for a market share of 7.9% in North America by 2034.
What are the projections for the market in East Asia?
The East Asia market is forecasted to progress at a CAGR of 5.5% between 2024 and 2034.
Wind Turbine Generator Market