Onshore Wind Power Market Size, Key Player Revenue, SWOT, PEST & Porter’s Analysis For 2030
Onshore Wind Power
Market Overview
Onshore Wind Power Market is expected to
expand at 4.90% CAGR to reach the global industry worth of USD 71.11 billion by 2030.
Generating electricity with wind energy
entails using wind turbines to convert the wind's kinetic energy into usable
mechanical energy. The wind energy industry has been impacted negatively by the
COVID-19 pandemic. Worldwide wind energy projects have been delayed due to
government-imposed lockdowns to stop the virus's spread. The shutdowns have
hampered the installation of wind turbines and the growth of wind farms. Wind
power industry expansion has been stunted by several factors, including the
COVID-19 pandemic, the postponement of wind projects originally slated for
completion in 2020, labor difficulties, and supply chain delays.
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Our Market Overview and Regional Analysis
provide an understanding of the industries, companies and products within the
market. Our Trends section provides an analysis of how the market is currently
performing and looks set to perform in the future. Our Growth Forecast section
gives you an idea about how our Market Analysis works, by giving us further
details on how we can build our Market Forecast model for a particular domain
within this report. Lastly, in our Metrics section we outline important data
points relating to each of these sections as well as our current forecasted
price range.
Market Segmentation
Grid connection, application, end-user, wind
capacity, and power capacity are the primary factors that drive segmentation in
the worldwide Onshore Wind Power market.
Over the predicted period, the market share
held by high-speed winds will increase the most since these winds have the
potential to provide the most electricity. Over the projection period, the
market for wind turbines with a capacity of more than 2 MW is expected to grow at
a faster clip than that of lower-capacity turbines. Throughout the projection
period, utilities will dominate the market by end-use. Utilities are
responsible for meeting the demand for power from other industries. Since the
previous decade, energy demand in emerging nations has skyrocketed,
necessitating more output from utilities.
Peak power management is expected to dominate
the market by the application during the predicted time frame. This is because
of the severe lack of energy during peak hours. There is peak demand for power
during regular business hours since factories and businesses need it to operate
at those times.
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Regional
Classification
It is anticipated that Europe's market will
expand significantly during the projection period due to the region's
increasing number of wind farms and supportive government policies. In
addition, the participation of major companies is forecasted to encourage
market expansion. Increasing restrictions for traditional power production, in
addition to a rising public interest in green energy, bode well for these
sectors.
Key Players
- Siemens AG (Germany)
- Envision energy (China)
- General Electric Wind Energy (U.S.)
- Suzlon (India)
- Vestas Wind System A/S (Denmark)
- Enercon GmbH (Germany)
- Mitsubishi Power Systems (Japan)
- Nordex S.E. (Germany)
- Repower (Switzerland)
- Gazelle Wind Turbines (U.K.)
- Clipper Wind Power (UK)
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