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Global Wind Energy Market Insights and Forecast to 2028
Published Date: June 2022
|
Report Code: QYRE-Othe-0Z343
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Global Wind Energy Market Insights and Forecast to 2028

Code: QYRE-Othe-0Z343
Report
June 2022
111 Pages
QYResearch
Region: Global
DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Wind Energy Market Analysis - 2028

Due to the COVID-19 pandemic, the global Wind Energy market size is estimated to be worth USD 7287.2 million in 2022 and is forecast to a readjusted size of USD 9599.3 million by 2028 with a CAGR of 4.7% during the review period.

Wind Energy Market

The Wind Energy market will expand throughout the projection period as a result of the switch to renewable energy sources for supplying the world's electrical needs, rising fossil fuel prices, and supportive government actions to cut carbon emissions. The market demand will increase significantly over the next few years due to falling operating costs, rising production capacity of wind turbines, and technological advancements in wind generating.

Trends Influencing Wind Energy Market

The demand for electricity is rising as a result of the expanding global population and economic connectivity. Because of the escalating cost of fuel and oil, nations are switching to wind energy. Wind energy generates electricity steadily and without pollutants. Wind turbines have a faster time to market and a shorter energy payback scheme. They also don't need any water. This is boosting the market for wind energy's growth potential. It is widely available and doesn't need to be extracted, which lowers the environmental expenses.

Globally, nations are establishing aggressive decarbonization strategies to cut carbon emissions. To guarantee steady growth in the worldwide wind energy market, numerous federal and state authorities have established production tax credits, renewable portfolio criteria, and net metering laws. Commercial Renewable Rnergy projects are supported by long-term RES targets.

 

Wind energy is becoming more cost-effective in many places thanks to the growth of wind turbines' height. The amount of wind power that may be accessed increases with rotor blade radius. As a result, the torque is effective at driving the electrical generators. This increases the market's demand for wind energy. On already-existing ranches or farms, turbines can be built. Landowners receive an extra income stream from the rent that power plant owners pay to farmers.

 

Offshore wind turbines benefit from ongoing technology advancements. The need for frequent maintenance and repairs has decreased as a result of their increased durability and lightweight. The power conversion efficiency is maximized by the higher tensile strength and lower blade loads. Long-term savings from this in turn lowers operating costs. Thus, the preference for turbines will advance the prospects of the world market for wind energy. Because the fuel is free and the price of electricity is fixed, there is less price ambiguity.

Electrical batteries that are suitable for trickle charging and have a high electrical output efficiency may easily store the extra energy produced during peak hours. Fuel power cell systems are used in Hydrogen Fuel Cells to store the generated hydrogen and turn it back into electrical energy. This guarantees a consistent energy supply even during severe weather.

 

Applications for wind turbines demand higher capital expenditures. The massive costs cover everything from the installation of the turbine to the foundation, grid connection, control systems, site acquisition, and road building. The development of the wind energy sector will be hampered by these issues during the anticipated time frame. The unpredictable nature of weather patterns will also provide new problems.

Wind Energy Market Insights

Due to the rising efficiency of turbine blades, developments in manufacturing technology, and a decline in operational costs, the turbine blades segment will have a disproportionately large share of the wind energy industry.

 

Based on region, North America will have the highest profit margins because of the swift expansion of infrastructure initiatives and supportive governmental regulations.

Wind Energy Market Scope and Segment

Wind Energy market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Wind Energy market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

Wind Energy Market Segment By Type

  • Turbine Blade
  • Electricity Generator
  • Tower
  • Control Equipment
  • Other

Wind Energy Market Segment By Application

  • Power Plants
  • Street Lamp
  • Other

By Company

  • Aegis Wind
  • Ainscough Wind Energy Services
  • Areva Wind
  • Aris Wind
  • Berkshire Hathaway Energy
  • Broadwind Energy
  • China Ming Yang Wind Power Group
  • Clipper Windpower
  • Dewind
  • Enercon
  • Envision Energy
  • Siemens(Gamesa)
  • Ge Wind Energy
  • Mapna
  • Vestas

Production By Region

  • North America
  • Europe
  • China
  • Japan

Consumption By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Taiwan
  • Indonesia
  • Thailand
  • Malaysia
  • Philippines
  • Vietnam
  • Latin America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE

Scope of the Wind Energy market Report

Report Metric

Details

Report Name

Wind Energy market

The market size in 2022

USD 7287.2 Million

The revenue forecast in 2028

USD 9599.3 Million

Growth Rate

Compound Annual Growth Rate (CAGR) of 4.7% from 2022 to 2028

Market size available for years

2022-2028

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Frequently Asked Questions About This Report

1. What will be the Wind Energy market size from 2022 to 2028?

Ans. The global Wind Energy market size is estimated to be worth USD 7287.2 million in 2022 and is forecast to a readjusted size of USD 9599.3 million by 2028 with a CAGR of 4.7% during the review period.

2. What is the growth rate of the global Wind Energy market during the forecast period?

Ans. The global Wind Energy market is estimated to grow with a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period.

3 . What are the segments by type in Wind Energy Market?

Ans. Turbine Blade, Electricity Generator, Tower, Control Equipment, Others are the Segments by type in Wind Energy market? 

1 Study Coverage
1.1 Wind Energy Product Introduction
1.2 Market by Type
1.2.1 Global Wind Energy Market Size by Type, 2017 VS 2021 VS 2028
1.2.2 Turbine Blade
1.2.3 Electricity Generator
1.2.4 Tower
1.2.5 Control Equipment
1.2.6 Other
1.3 Market by Application
1.3.1 Global Wind Energy Market Size by Application, 2017 VS 2021 VS 2028
1.3.2 Power Plants
1.3.3 Street Lamp
1.3.4 Other
1.4 Study Objectives
1.5 Years Considered
2 Global Wind Energy Production
2.1 Global Wind Energy Production Capacity (2017-2028)
2.2 Global Wind Energy Production by Region: 2017 VS 2021 VS 2028
2.3 Global Wind Energy Production by Region
2.3.1 Global Wind Energy Historic Production by Region (2017-2022)
2.3.2 Global Wind Energy Forecasted Production by Region (2023-2028)
2.4 North America
2.5 Europe
2.6 China
2.7 Japan
3 Global Wind Energy Sales in Volume & Value Estimates and Forecasts
3.1 Global Wind Energy Sales Estimates and Forecasts 2017-2028
3.2 Global Wind Energy Revenue Estimates and Forecasts 2017-2028
3.3 Global Wind Energy Revenue by Region: 2017 VS 2021 VS 2028
3.4 Global Wind Energy Sales by Region
3.4.1 Global Wind Energy Sales by Region (2017-2022)
3.4.2 Global Sales Wind Energy by Region (2023-2028)
3.5 Global Wind Energy Revenue by Region
3.5.1 Global Wind Energy Revenue by Region (2017-2022)
3.5.2 Global Wind Energy Revenue by Region (2023-2028)
3.6 North America
3.7 Europe
3.8 Asia-Pacific
3.9 Latin America
3.10 Middle East & Africa
4 Competition by Manufactures
4.1 Global Wind Energy Production Capacity by Manufacturers
4.2 Global Wind Energy Sales by Manufacturers
4.2.1 Global Wind Energy Sales by Manufacturers (2017-2022)
4.2.2 Global Wind Energy Sales Market Share by Manufacturers (2017-2022)
4.2.3 Global Top 10 and Top 5 Largest Manufacturers of Wind Energy in 2021
4.3 Global Wind Energy Revenue by Manufacturers
4.3.1 Global Wind Energy Revenue by Manufacturers (2017-2022)
4.3.2 Global Wind Energy Revenue Market Share by Manufacturers (2017-2022)
4.3.3 Global Top 10 and Top 5 Companies by Wind Energy Revenue in 2021
4.4 Global Wind Energy Sales Price by Manufacturers
4.5 Analysis of Competitive Landscape
4.5.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
4.5.2 Global Wind Energy Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.5.3 Global Wind Energy Manufacturers Geographical Distribution
4.6 Mergers & Acquisitions, Expansion Plans
5 Market Size by Type
5.1 Global Wind Energy Sales by Type
5.1.1 Global Wind Energy Historical Sales by Type (2017-2022)
5.1.2 Global Wind Energy Forecasted Sales by Type (2023-2028)
5.1.3 Global Wind Energy Sales Market Share by Type (2017-2028)
5.2 Global Wind Energy Revenue by Type
5.2.1 Global Wind Energy Historical Revenue by Type (2017-2022)
5.2.2 Global Wind Energy Forecasted Revenue by Type (2023-2028)
5.2.3 Global Wind Energy Revenue Market Share by Type (2017-2028)
5.3 Global Wind Energy Price by Type
5.3.1 Global Wind Energy Price by Type (2017-2022)
5.3.2 Global Wind Energy Price Forecast by Type (2023-2028)
6 Market Size by Application
6.1 Global Wind Energy Sales by Application
6.1.1 Global Wind Energy Historical Sales by Application (2017-2022)
6.1.2 Global Wind Energy Forecasted Sales by Application (2023-2028)
6.1.3 Global Wind Energy Sales Market Share by Application (2017-2028)
6.2 Global Wind Energy Revenue by Application
6.2.1 Global Wind Energy Historical Revenue by Application (2017-2022)
6.2.2 Global Wind Energy Forecasted Revenue by Application (2023-2028)
6.2.3 Global Wind Energy Revenue Market Share by Application (2017-2028)
6.3 Global Wind Energy Price by Application
6.3.1 Global Wind Energy Price by Application (2017-2022)
6.3.2 Global Wind Energy Price Forecast by Application (2023-2028)
7 North America
7.1 North America Wind Energy Market Size by Type
7.1.1 North America Wind Energy Sales by Type (2017-2028)
7.1.2 North America Wind Energy Revenue by Type (2017-2028)
7.2 North America Wind Energy Market Size by Application
7.2.1 North America Wind Energy Sales by Application (2017-2028)
7.2.2 North America Wind Energy Revenue by Application (2017-2028)
7.3 North America Wind Energy Sales by Country
7.3.1 North America Wind Energy Sales by Country (2017-2028)
7.3.2 North America Wind Energy Revenue by Country (2017-2028)
7.3.3 U.S.
7.3.4 Canada
8 Europe
8.1 Europe Wind Energy Market Size by Type
8.1.1 Europe Wind Energy Sales by Type (2017-2028)
8.1.2 Europe Wind Energy Revenue by Type (2017-2028)
8.2 Europe Wind Energy Market Size by Application
8.2.1 Europe Wind Energy Sales by Application (2017-2028)
8.2.2 Europe Wind Energy Revenue by Application (2017-2028)
8.3 Europe Wind Energy Sales by Country
8.3.1 Europe Wind Energy Sales by Country (2017-2028)
8.3.2 Europe Wind Energy Revenue by Country (2017-2028)
8.3.3 Germany
8.3.4 France
8.3.5 U.K.
8.3.6 Italy
8.3.7 Russia
9 Asia Pacific
9.1 Asia Pacific Wind Energy Market Size by Type
9.1.1 Asia Pacific Wind Energy Sales by Type (2017-2028)
9.1.2 Asia Pacific Wind Energy Revenue by Type (2017-2028)
9.2 Asia Pacific Wind Energy Market Size by Application
9.2.1 Asia Pacific Wind Energy Sales by Application (2017-2028)
9.2.2 Asia Pacific Wind Energy Revenue by Application (2017-2028)
9.3 Asia Pacific Wind Energy Sales by Region
9.3.1 Asia Pacific Wind Energy Sales by Region (2017-2028)
9.3.2 Asia Pacific Wind Energy Revenue by Region (2017-2028)
9.3.3 China
9.3.4 Japan
9.3.5 South Korea
9.3.6 India
9.3.7 Australia
9.3.8 Taiwan
9.3.9 Indonesia
9.3.10 Thailand
9.3.11 Malaysia
9.3.12 Philippines
10 Latin America
10.1 Latin America Wind Energy Market Size by Type
10.1.1 Latin America Wind Energy Sales by Type (2017-2028)
10.1.2 Latin America Wind Energy Revenue by Type (2017-2028)
10.2 Latin America Wind Energy Market Size by Application
10.2.1 Latin America Wind Energy Sales by Application (2017-2028)
10.2.2 Latin America Wind Energy Revenue by Application (2017-2028)
10.3 Latin America Wind Energy Sales by Country
10.3.1 Latin America Wind Energy Sales by Country (2017-2028)
10.3.2 Latin America Wind Energy Revenue by Country (2017-2028)
10.3.3 Mexico
10.3.4 Brazil
10.3.5 Argentina
11 Middle East and Africa
11.1 Middle East and Africa Wind Energy Market Size by Type
11.1.1 Middle East and Africa Wind Energy Sales by Type (2017-2028)
11.1.2 Middle East and Africa Wind Energy Revenue by Type (2017-2028)
11.2 Middle East and Africa Wind Energy Market Size by Application
11.2.1 Middle East and Africa Wind Energy Sales by Application (2017-2028)
11.2.2 Middle East and Africa Wind Energy Revenue by Application (2017-2028)
11.3 Middle East and Africa Wind Energy Sales by Country
11.3.1 Middle East and Africa Wind Energy Sales by Country (2017-2028)
11.3.2 Middle East and Africa Wind Energy Revenue by Country (2017-2028)
11.3.3 Turkey
11.3.4 Saudi Arabia
11.3.5 UAE
12 Corporate Profiles
12.1 Aegis Wind
12.1.1 Aegis Wind Corporation Information
12.1.2 Aegis Wind Overview
12.1.3 Aegis Wind Wind Energy Sales, Price, Revenue and Gross Margin (2017-2022)
12.1.4 Aegis Wind Wind Energy Product Model Numbers, Pictures, Descriptions and Specifications
12.1.5 Aegis Wind Recent Developments
12.2 Ainscough Wind Energy Services
12.2.1 Ainscough Wind Energy Services Corporation Information
12.2.2 Ainscough Wind Energy Services Overview
12.2.3 Ainscough Wind Energy Services Wind Energy Sales, Price, Revenue and Gross Margin (2017-2022)
12.2.4 Ainscough Wind Energy Services Wind Energy Product Model Numbers, Pictures, Descriptions and Specifications
12.2.5 Ainscough Wind Energy Services Recent Developments
12.3 Areva Wind
12.3.1 Areva Wind Corporation Information
12.3.2 Areva Wind Overview
12.3.3 Areva Wind Wind Energy Sales, Price, Revenue and Gross Margin (2017-2022)
12.3.4 Areva Wind Wind Energy Product Model Numbers, Pictures, Descriptions and Specifications
12.3.5 Areva Wind Recent Developments
12.4 Aris Wind
12.4.1 Aris Wind Corporation Information
12.4.2 Aris Wind Overview
12.4.3 Aris Wind Wind Energy Sales, Price, Revenue and Gross Margin (2017-2022)
12.4.4 Aris Wind Wind Energy Product Model Numbers, Pictures, Descriptions and Specifications
12.4.5 Aris Wind Recent Developments
12.5 Berkshire Hathaway Energy
12.5.1 Berkshire Hathaway Energy Corporation Information
12.5.2 Berkshire Hathaway Energy Overview
12.5.3 Berkshire Hathaway Energy Wind Energy Sales, Price, Revenue and Gross Margin (2017-2022)
12.5.4 Berkshire Hathaway Energy Wind Energy Product Model Numbers, Pictures, Descriptions and Specifications
12.5.5 Berkshire Hathaway Energy Recent Developments
12.6 Broadwind Energy
12.6.1 Broadwind Energy Corporation Information
12.6.2 Broadwind Energy Overview
12.6.3 Broadwind Energy Wind Energy Sales, Price, Revenue and Gross Margin (2017-2022)
12.6.4 Broadwind Energy Wind Energy Product Model Numbers, Pictures, Descriptions and Specifications
12.6.5 Broadwind Energy Recent Developments
12.7 China Ming Yang Wind Power Group
12.7.1 China Ming Yang Wind Power Group Corporation Information
12.7.2 China Ming Yang Wind Power Group Overview
12.7.3 China Ming Yang Wind Power Group Wind Energy Sales, Price, Revenue and Gross Margin (2017-2022)
12.7.4 China Ming Yang Wind Power Group Wind Energy Product Model Numbers, Pictures, Descriptions and Specifications
12.7.5 China Ming Yang Wind Power Group Recent Developments
12.8 Clipper Windpower
12.8.1 Clipper Windpower Corporation Information
12.8.2 Clipper Windpower Overview
12.8.3 Clipper Windpower Wind Energy Sales, Price, Revenue and Gross Margin (2017-2022)
12.8.4 Clipper Windpower Wind Energy Product Model Numbers, Pictures, Descriptions and Specifications
12.8.5 Clipper Windpower Recent Developments
12.9 Dewind
12.9.1 Dewind Corporation Information
12.9.2 Dewind Overview
12.9.3 Dewind Wind Energy Sales, Price, Revenue and Gross Margin (2017-2022)
12.9.4 Dewind Wind Energy Product Model Numbers, Pictures, Descriptions and Specifications
12.9.5 Dewind Recent Developments
12.10 Enercon
12.10.1 Enercon Corporation Information
12.10.2 Enercon Overview
12.10.3 Enercon Wind Energy Sales, Price, Revenue and Gross Margin (2017-2022)
12.10.4 Enercon Wind Energy Product Model Numbers, Pictures, Descriptions and Specifications
12.10.5 Enercon Recent Developments
12.11 Envision Energy
12.11.1 Envision Energy Corporation Information
12.11.2 Envision Energy Overview
12.11.3 Envision Energy Wind Energy Sales, Price, Revenue and Gross Margin (2017-2022)
12.11.4 Envision Energy Wind Energy Product Model Numbers, Pictures, Descriptions and Specifications
12.11.5 Envision Energy Recent Developments
12.12 Siemens(Gamesa)
12.12.1 Siemens(Gamesa) Corporation Information
12.12.2 Siemens(Gamesa) Overview
12.12.3 Siemens(Gamesa) Wind Energy Sales, Price, Revenue and Gross Margin (2017-2022)
12.12.4 Siemens(Gamesa) Wind Energy Product Model Numbers, Pictures, Descriptions and Specifications
12.12.5 Siemens(Gamesa) Recent Developments
12.13 Ge Wind Energy
12.13.1 Ge Wind Energy Corporation Information
12.13.2 Ge Wind Energy Overview
12.13.3 Ge Wind Energy Wind Energy Sales, Price, Revenue and Gross Margin (2017-2022)
12.13.4 Ge Wind Energy Wind Energy Product Model Numbers, Pictures, Descriptions and Specifications
12.13.5 Ge Wind Energy Recent Developments
12.14 Mapna
12.14.1 Mapna Corporation Information
12.14.2 Mapna Overview
12.14.3 Mapna Wind Energy Sales, Price, Revenue and Gross Margin (2017-2022)
12.14.4 Mapna Wind Energy Product Model Numbers, Pictures, Descriptions and Specifications
12.14.5 Mapna Recent Developments
12.15 Vestas
12.15.1 Vestas Corporation Information
12.15.2 Vestas Overview
12.15.3 Vestas Wind Energy Sales, Price, Revenue and Gross Margin (2017-2022)
12.15.4 Vestas Wind Energy Product Model Numbers, Pictures, Descriptions and Specifications
12.15.5 Vestas Recent Developments
13 Industry Chain and Sales Channels Analysis
13.1 Wind Energy Industry Chain Analysis
13.2 Wind Energy Key Raw Materials
13.2.1 Key Raw Materials
13.2.2 Raw Materials Key Suppliers
13.3 Wind Energy Production Mode & Process
13.4 Wind Energy Sales and Marketing
13.4.1 Wind Energy Sales Channels
13.4.2 Wind Energy Distributors
13.5 Wind Energy Customers
14 Market Drivers, Opportunities, Challenges and Risks Factors Analysis
14.1 Wind Energy Industry Trends
14.2 Wind Energy Market Drivers
14.3 Wind Energy Market Challenges
14.4 Wind Energy Market Restraints
15 Key Finding in The Global Wind Energy Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.2 Data Source
16.2 Author Details
16.3 Disclaimer
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