Energy and Power

Global Wind Turbine Components Market 2016-2020

  • TEC443041
  • 73 Pages
  • March 2016
  • Energy and Power
About Wind Turbine Components

Wind turbines harness the power of the wind to generate electricity. The energy present in the wind turns the blades around a rotor, which is connected to the main shaft that spins a generator to create electricity. Conventional power generation is gradually losing its sheen owing to growing environmental awareness. Renewable energy such as the wind and solar have gained popularity worldwide.

Technavios analysts forecast the global wind turbine components market to grow at a CAGR of 12% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global wind turbine components market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market. The vendors included in the report are component manufacturers and suppliers.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Wind Turbine Components Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
GE Renewable Energy
Goldwind
Siemens
Suzlon
Vestas

Other prominent vendors
Enercon
Gamesa
LM wind power
MFG
Nordex
Senvion SE
TPI

Market driver
Expansion in offshore wind installations
For a full, detailed list, view our report

Market challenge
High failure rate of wind turbine components
For a full, detailed list, view our report

Market trend
Increased R&D
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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