The research report on
the Global Wind Energy Market is formulated with insightful data that will help
the established companies and new entrants to analyze the business trends and
capitalize on investment strategies. The Wind Energy market is analyzed with an
aim to provide assistance to the readers to gain maximum returns on the
investment and to enable an informed decision-making process. The report is
furnished with the latest updates about the current market scenario with
regards to the COVID-19 pandemic. The report considers COVID-19 as a key
contributor to the dynamically altered market scenario. The report also covers
changing trends and market dynamics due to the pandemic and provides an
accurate impact analysis of the crisis on the overall market.
The emergence of technologically advanced platforms,
powered by Artificial Intelligence and machine learning, helps users control
their energy and reduce the risks by giving prior information about system
failures. The increasing investments in the research & development for the
production of technologically advanced solar and wind power generation resulted
in the cost-effectiveness of the systems. Technological advancements in the
wind turbines have resulted in the increased capacity of the wind turbines,
reduced the weight of the wind turbine parts, and made the blades stronger and
more durable, which has increased the demand for the wind energy system.
To
identify the key trends in the industry and read full summary click on the
link: https://www.emergenresearch.com/industry-report/wind-energy-market
Key
Highlights From The Report
In February 2019, Vestas entered into a
partnership with a local manufacturing service provider, Marand Precision
Engineering, for Wind Turbine Assembly Facility in Geelong. The partnership
will help Vestas to expand its wind turbine assembly in the Victorian renewable
energy sector.
Onshore wind farms held the largest
market share of 60.5% in the year 2019. The advantages of the onshore wind
farms, such as low maintenance costs, cheaper integration and foundation, and
easier access and operations, have resulted in the increased demand for the
onshore wind farms.
The industrial segment is forecasted to
grow with the fastest CAGR of 7.1% over the forecast period due to increasing
preferences of the industries towards cleaner sources of energy in order to reduce
their dependency on fossil fuel-based power generation.
The Asia Pacific region is expected to
be the fastest-growing region over the forecast period due to the growing
initiatives and funding of the government to adopt renewable sources of energy
in order to generate electricity.
Key
participants include Nordex
SE, Acciona, Goldwind, General Electric, Vestas, Siemens Gamesa Renewable
Energy, S.A., Sinovel Wind Group, Suzlon Energy Limited, ENERCON GmbH, and
Dongfang Electric Corporation, among others.
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The research provides answers to the
following key questions:
What is
the expected market size of the Wind Energy market for the forecast period 2020
- 2027? What will be the growth rate of the industry during the estimated
period?
What
are the major driving forces shaping the future of the Wind Energy industry
worldwide?
Who are
the major vendors in the industry and what are their strategies to reap more
profits and reduce costs?
What
are the trends from the past and future that are likely to favor the progress
of the Wind Energy industry worldwide?
What
are the major threats and challenges that hinder the development of the
industry?
What
are the opportunities in store for the business owners operating in the
market?
Global
Wind Energy Market Segmentation:
Location
Outlook (Revenue, USD Billion; 2017-2027)
- Offshore
- Onshore
Application
Outlook (Revenue, USD Billion; 2017-2027)
- Commercial
- Industrial
- Residential
To
identify the key trends in the industry and read full summary click on the
link: https://www.emergenresearch.com/industry-report/wind-energy-market
Regional
Analysis Covers:
- North
America (U.S., Canada)
- Europe (U.K.,
Italy, Germany, France, Rest of EU)
- Asia
Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest
of Latin America)
- Middle
East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of
MEA)
