Wind Energy Market

Posted by Mayuri Kathade. on September 10th, 2019

Wind Energy Market is estimated to surpass $ 130 Billion marks in 2019 and reach USD 170 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period 2016-2024 globally. Growing demand for renewable energy coupled with rising awareness towards environmental conservation will stimulate the global market size. National targets for clean energy along with ongoing depletion of fossil fuel reserves will further propel the industry growth. In 2016, France set its target of renewable energy capacity to 70 GW by 2023 including 23 GW from onshore wind.Wind Energy MarketWind Energy Market1 Declining project development cost subject to fall in component prices favored by government incentives will stimulate the market share. In addition, utility-scale installations tend to bear lower operational costs when compared to auxiliary generation technologies. Rapid technological enhancements in line with the integration of smart monitoring and sensing units across turbines have reduced overall system losses. Thereby, the economic cost structure in addition to improved efficiencies will Wind Energy Market wind energy market had the highest market share in 2017. High efficiency, cost-effectiveness and ability to self-start are some of the key parameters which will stimulate the industry landscape. Improved operational performance statistics when compared to its competitive counterparts veritably justify product penetration.Wind Energy Market2 North America Wind Energy Market accounted for the highest revenue in 2017 and is projected to grow at a significant rate during the forecast period. The U.S. market size is predicted to surpass 17 GW of annual installation by 2024. Declining component costs, increasing domestic turbine production along with ambitious targets toward capacity addition from renewable will foster business growth. As per the U.S. Department of Energy, wind energy installations grew by 11% in 2016, constituting over 20% of the newly added generation capacity across the nation.

Maximize Market Research has comprehensively analyzed Wind Energy Market emphasizing on each segment keeping global and regional dynamics in perspective. The driving forces, as well as considerable restraints, have been explained in depth to attain a balanced scenario. The report classifies Wind Energy Market into various segments such as Axis, Connectivity, Installation, Application, Capacity and Regions providing a thorough understanding of the Wind Energy Ecosystem. Importantly, the report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Wind Energy Market.

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Scope of the Global Wind Energy Market

Global Wind Energy Market, By Axis:

• Horizontal Axis

• Vertical Axis

Global Wind Energy Market, By Connectivity:

• On-Grid

• Off-Grid

Global Wind Energy Market, By Installation:

• Onshore

• Offshore

Global Wind Energy Market, By Capacity:

• <30 kW

• 30 kW < 500 kW

• 500 kW < 2 MW

• ≥2 MW

Global Wind Energy Market, By Application:

• Food

• Paper & Pulp

• Chemical

• College/University

• Office

• Government/Military

• Others

Global Wind Energy Market, By Region:

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• South America

Key Players Operating In Global Wind Energy Market:

• Vestas

• GE

• Goldwind

• Gamesa

• Enercon

• Nordex

• Envision

• Mingyang

• Senvion

• Alstom

• ABO-Wind

• NextEra Energy

• Invenergy

• Geronimo

• Tradewind Energy

• EDF

• Vattenfall

• EDP Renewables

• ABB

• A2 Sea

• ReGen

• Suzlon Group

• United Power

• Siemen

 This Report Is Submitted By @ Maximize Market Research Company

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