Wind Power
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Increasing investment across the renewable sector along with stringent emission norms will propel market demand of clean energy sources including wind energy. Wind energy provides mechanical power for wind turbines to transform electrical generators. Individual wind turbines are linked to the electric transmission network in wind farms, which are less expensive and more environmentally friendly than gas or coal plants.
Respective governments around the world have adopted strict legislation and policies to reduce their carbon footprints, which is improving the demand for wind energy. Furthermore, rapid urbanization and industrialization in developing countries has increased the demand for oil The outbreak of the COVID-19 pandemic has seriously affected the global wind electricity production market. In nearly every major country, the COVID-19 pandemic has seen a decrease in economic growth, thus affecting consumer spending patterns. Due to the lockdown across countries, domestic and international transport, which affected numerous industries worldwide in the supply chain and thus widened the supply-demand gap, has also been hampered. In addition, the generation of wind power requires huge investment. But a decrease in disposable earnings due to the pandemic is hampering the wind generation market. However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.
Wind energy market share for >2 5 MW capacity farms will be driven by increasing energy demand from industrial applications combined with rising penetration of medium scale manufacturing bases. The respective governments are enacting a range of policies and reforms to promote the deployment of captive wind energy technologies rather than traditional energy sources, which will help to supplement the country’s energy supply.
Regional Outlook (Revenue, USD Billion, 2021 – 2027)
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- The U.K.
- Asia Pacific
- China
- Japan
- India
- South America
- Brazil
- Middle East and Africa (MEA)
Competition
Some of the key players operating in the global wind energy market are Gamesa, E.On, Vestas , Iberdrola Renovables, Siemens, GE, NextEra, and Suzlon etc.
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Topics this report will cover:
- Market size from 2019 to 2027
- Revenue Forecast from 2020 to 2027
- Market segmentation and active players
- Market trends and opportunities
- Competitive landscapeÂ
- Regional analysisÂ
- Related IndustriesÂ
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Report Attribute | Details |
Market size value in 2020 | XXXX Bn USD |
Revenue forecast in 2027 | XXXX Bn USD |
Growth rate | CAGR of XX% from 2022 to 2027 |
Base year for estimation | 2019 |
Historical data | 2016-2020 |
Forecast period | 2021 – 2027 |
Quantitative units | Revenue in USD million/billion and CAGR from 2020 to 2027 |
Report coverage | Revenue forecast, competitive landscape, growth drivers, industry segments, trends. |
Segments covered | Type, distribution channel, region |
Regional scope | North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country scope | U.S., U.K., UAE, India, China, Columbia |
Key companies profiled | Market Leaders in each region |
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