Tuesday, March 15th, 2016


WiseGuyReports.com adds “WIND TURBINE COMPONENTS GLOBAL MARKET 2016-2020” to its research database.

This market research study presents a detailed segmentation of the global wind turbine components market by wind turbine components (tower, rotor blade, gear box, generator, and others), and by geography (Americas, APAC, and EMEA). The key vendors identified in the market are GE Renewable Energy, Goldwind, Siemens, Suzlon Energy, and Vestas.

Outlook of the wind turbine components market

Technavio’s market analysts have predicted the global wind turbine components market to grow impressively at a CAGR of nearly 12% during the forecast period. The rising concern for the environment is one of the key factors driving the growth of this market.  Combusting fossil fuels for power generation results in CO2 emissions that cause global warming, which is hazardous to the environment. Currently, the energy sector accounts for nearly 40% of the global CO2 emissions. Therefore, several countries are encouraging the use of renewable energy sources for power generation. Moreover, wind power generation has many environmental benefits, such as low air pollution and no water consumption, associated with it. Furthermore, wind energy is the cheapest among all renewable sources of power generation. A wind turbine operates completely emission-free for almost 20 years, making it one of the most feasible alternatives to fossil fuels. This recent shift toward the use of renewable and sustainable forms of energy will propel the growth prospects of the wind turbine components market during the forecast period.

In this industry report, the analyst has estimated that the presence of eminent factors like the augmented focus on research and development will bolster the prospects of growth of this market. Companies around the world are striving to bring to innovative products to the global wind turbine components market.  Vendors are investing heavily in R&D to reduce the weight of the motor blades and increase the height of the wind turbine tower. For example, Siemens has manufactured a blade made of glass fiber-reinforced epoxy resin and balsa wood. These blades are devoid of glued joints, seams or adhesives, reducing the overall weight of the blade. The increasing focus on R&D by the government and vendors worldwide and the urgency to adopt eco-friendly technologies will aid in the growth of this market until the end of 2020.

Complete report in Detailed @ https://www.wiseguyreports.com/reports/global-wind-turbine-components-market-2016-2020

Segmentation by components and analysis of the wind turbine components market


  • Tower
  • Rotor blade
  • Gearbox
  • Generator


In 2015, the tower segment dominated this market and accounted for close to 25% of the market share. The turbine tower designs have undergone many technological advancements in terms of size and type, such as tubular, lattice, concrete, and guyed pole. An increase in height of the tower could result in gains of 20%-45% additional power production. Therefore, the increasing focus on the production of taller turbines will spur the prospects of growth in this segment over the forecast period.

Order a Purchase Report Copy @ https://www.wiseguyreports.com/checkout?currency=one_user-USD&report_id=367323

Geographical segmentation and analysis of the HSRG market


  • Americas
  • APAC
  • EMEA


During 2015, APAC dominated the wind turbine components market and accounted for more than 45% of the market share. The market is expected to grow significantly with countries like China, India, Japan, Pakistan, and South Korea accounting for significant shares of the market.

Enquiry before buying   https://www.wiseguyreports.com/enquiry/global-wind-turbine-components-market-2016-2020


Contact Profile


Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available. We also provide COTS (Commercial off the Shelf) business sector reports as custom exploration agreeing your particular needs.

Our Market Research Reports and Consulting Services 

Wise Guy Reports features an exhaustive list of market research reports from hundreds of publishers worldwide. We boast a database spanning virtually every market category and an even more comprehensive collection of market research reports under these categories and sub-categories. The Wise Guy Reports team prides itself in being the chosen source for market research reports, report customizations services, and other ancillary services such as a Newsletter service and corporate service for large organizations.

Hundreds of large and small organizations across virtually every industry sector worldwide are currently reaping rich dividends from the sharp insights provided by market research reports sourced through Wise Guy Reports. 

Gaining an insight into emerging trends, opportunities and potential threats is key to long-term sustenance in a competitive environment. The handpicked collection of market research reports on Wise Guy Reports is centred on this proven principle.

Norah Trent
P: +44 208 133 9349
M: +1 646 845 9349
W: www.wiseguyreports.com/






More Formats

View QR Code