Wind Turbine Components Market Forecast to 2028

Report Code : TIPRE00029723 | Region : Global | Industry : Energy and Power | Published Date : 03/Jan/2023
Wind Turbine Components Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Rotor Blade, Nacelle, Gearbox, Generator, Tower, and Pitch System)

The wind turbine components market is expected to grow to US$ 152,019.92 million by 2028; it is estimated to register a CAGR of 4.2% from 2022 to 2028.

There is an increase in demand for a clean energy source to eliminate greenhouse gases, reduce dependence on imported fuels, and diversify the energy supply. This is fueling government investments in the construction of wind farms globally. In 2021, ~10 large wind farm projects were completed in the US, including Texas Gulf Wind Repower (Texas), Las Majadas Wind Project (Texas), Milligan I Wind Project (Nebraska), Deuel Harvest Wind Farm (South Dakota), Frontier Windpower II Project (Oklahoma), Isabella Wind Project (Michigan), Jordan Creek Wind Farm (Indiana), and Maverick Creek Wind Project (Texas). This has driven the growth of wind turbine components market across North America in 2021.

Similarly, in the UK, wind power is one of the largest sources of renewable electricity, which is expected to grow more in the coming years. According to the Office for National Statistics, the electricity generation from wind power has increased by 715% from 2009 to 2020 in the UK. According to the National Grid, Britain recorded high levels of wind energy generation in 2020, making it the greenest year on record. Furthermore, various new wind farm construction activities are going on in the UK to increase electricity generation through wind energy. For instance, in September 2022, Danish energy firm Orsted announced that Hornsea 2 offshore wind farm, the world’s biggest offshore wind farm, started its operation. The wind farm consists of 165 turbine sets, which can help provide power to more than 1.4 million the UK homes. This is expected to generate new growth opportunities for wind turbine components market during the forecast period.

In addition, Global Wind Energy Council is working on a net zero by 2050 target. It is seen that the international offshore wind market has grown from 2.2 GW in 2016 to 6.1 GW in 2020 due to the new installations and developments in China and the US. The Global Wind Energy Council has also provided data regarding wind power capacity in 2020 by region:

Source: Global Wind Energy Council

Thus, to achieve the target of Net Zero Emissions by 2050, significant investments are being made globally for the new construction and expansion of wind farms. As the investment in wind farms is rising, the demand for various wind turbine components such as rotor blades, nacelle, gearbox, generator, tower, and pitch system is also increasing, thereby catalyzing the wind turbine component market growth.

COVID-19 Pandemic Impact on Wind Turbine Components Market

Despite several challenges in the procurement of raw materials and transportation issues during the FY 2020 in the wake of COVID-19 pandemic, the demand for wind turbine component installation witnessed a strong growth as majority of the commercial sectors had their operations closed for an ambiguous period in 2020. The government of different countries had not halted the installation projects across the world. The vendors and governments of different countries have collaboratively worked to continue the installation of wind turbines across different wind farms that has driven the wind turbine components market growth during the FY 2020. However, as the COVID-19 restrictions started to ease down, the growth of wind turbine installation witnessed a decline in 2021 compared to that of 2020. This is mainly due to the hampered production and negative impact from the suppliers side that has also impacted negatively in the wind turbine components market growth in 2020.

In Europe wind turbine components market, Germany continues to have the largest installed wind capacity, followed by Spain, the UK, France, and Sweden. Moreover, other European countries such as Italy, Poland, Denmark, the Netherlands, Portugal, and Belgium have more than 5 GW of installed wind capacity each. According to the WindEurope report, Europe is expected to install 116 GW of new wind farms from 2022 to 2026; of which, three-quarters of these new capacity additions will be onshore wind. Similarly, according to National Wind Energy Association (ANEV), Europe will install 116 GW of new wind power capacity by 2026, an average of 23.1 GW a year. Thus, such massive wind energy potential in European countries is expected to drive the European wind turbine components market share during the forecast period.

In addition, the UK government has planned for a Green Energy Revolution, wherein the development of offshore wind power plays an important role. To comply with this, 6 new offshore wind projects in England and Wales are expected to be constructed for the next generation of the country’s offshore wind projects. In early 2021, the UK’s Crown Estate approved 6 fixed offshore wind projects with a combined capacity of around 8 GW. Moreover, in July 2022, the German Parliament adopted a new Onshore Wind Law to expand onshore wind by a massive 10 GW a year from 2025. Such projects have been catalyzing the wind turbine components market share across Europe. Thus, favorable policy framework, faster approval of projects, and increased investment from the European Commission are the key factors driving the wind turbine components market growth through the construction of new wind farms.

The overall wind turbine components market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the wind turbine components market size. The process also serves the purpose of obtaining an overview and forecast of the wind turbine components market size with respect to all wind turbine components market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. The participants typically involved in this process include VPs, business development managers, wind turbine components market intelligence managers, national sales managers, and external consultants—such as valuation experts, research analysts, and key opinion leaders—specializing in the wind turbine components market.

The List of Companies - Wind Turbine Components Market

• Siemens Gamesa Renewable Energy SA

• Vestas Wind Systems AS

• TPI Composites Inc

• GRI Renewable Industries SL

• Marmen Inc

• Valmont Industries Inc

• LM Wind Power AS

• The Timken Co

• ZF Friedrichshafen AG

• Flender International GmbH

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Wind Turbine Components Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 Asia Pacific

4.2.4 Middle East & Africa

4.2.5 South America

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Wind Turbine Components Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Number of Product Launches

5.1.2 Rising Number of Wind Farms

5.2 Market Restraints

5.2.1 Overdependence on Chinese Wind Turbine Component Manufacturers

5.3 Market Opportunities

5.3.1 Growing Government Initiatives to Promote Wind Energy

5.4 Future Trends

5.4.1 Rising Demand for Floating Wind Technology

5.5 Impact Analysis of Drivers and Restraints

6. Wind Turbine Components Market – Global Market Analysis

6.1 Global Wind Turbine Components Market Overview

6.2 Global Wind Turbine Components Market Forecast and Analysis

6.3 Market Positioning- Top Five Players

7. Wind Turbine Components Market Revenue and Forecast to 2028 – Component

7.1 Overview

7.2 Wind Turbine Components Market, By Component (2021 And 2028)

7.3 Rotor Blade

7.3.1 Overview

7.3.2 Rotor Blade: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

7.3.3 Below 40m

7.3.3.1 Overview

7.3.3.2 Below 40m: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

7.3.4m to 60m

7.3.4.1 Overview

7.3.4.2m to 60m: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

7.3.5m to 70m

7.3.5.1 Overview

7.3.5.2m to 70m: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

7.3.6 Above 70m

7.3.6.1 Overview

7.3.6.2 Above 70m: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

7.4 Nacelle

7.4.1 Overview

7.4.2 Nacelle: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

7.5 Gearbox

7.5.1 Overview

7.5.2 Gearbox: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

7.5.3 Planetary Gearbox

7.5.3.1 Overview

7.5.3.2 Planetary Gearbox: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

7.5.4 Spur Gearbox

7.5.4.1 Overview

7.5.4.2 Spur Gearbox: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

7.5.5 Others

7.5.5.1 Overview

7.5.5.2 Others: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

7.6 Generator

7.6.1 Overview

7.6.2 Generator: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

7.6.3 Direct Current

7.6.3.1 Overview

7.6.3.2 Direct Current: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

7.6.4 AC Synchronous

7.6.4.1 Overview

7.6.4.2 AC Synchronous: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

7.7 Tower

7.7.1 Overview

7.7.2 Tower: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

7.7.3 Tubular Steel Towers

7.7.3.1 Overview

7.7.3.2 Tubular Steel Towers: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

7.7.4 Lattice Towers

7.7.4.1 Overview

7.7.4.2 Lattice Towers: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

7.7.5 Hybrid Towers

7.7.5.1 Overview

7.7.5.2 Hybrid Towers: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

7.8 Pitch System

7.8.1 Overview

7.8.2 Pitch System: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

8. Wind Turbine Components Market – Geographic Analysis

8.1 Overview

8.2 North America: Wind Turbine Components Market

8.2.1 North America: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.2.2 North America: Wind Turbine Components Market, by Component

8.2.2.1 North America: Wind Turbine Components Market, by Rotor Blade

8.2.2.2 North America: Wind Turbine Components Market, by Gearbox

8.2.2.3 North America: Wind Turbine Components Market, by Generator

8.2.2.4 North America: Wind Turbine Components Market, by Tower

8.2.3 North America: Wind Turbine Components Market, by Key Country

8.2.3.1 US: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.2.3.1.1 US: Wind Turbine Components Market, by Component

8.2.3.1.1.1 US: Wind Turbine Components Market, by Rotor Blades

8.2.3.1.1.2 US: Wind Turbine Components Market, by Gearbox

8.2.3.1.1.3 US: Wind Turbine Components Market, by Generator

8.2.3.1.1.4 US: Wind Turbine Components Market, by Tower

8.2.3.2 Canada: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.2.3.2.1 Canada: Wind Turbine Components Market, by Component

8.2.3.2.1.1 Canada: Wind Turbine Components Market, by Rotor Blades

8.2.3.2.1.2 Canada: Wind Turbine Components Market, by Gearbox

8.2.3.2.1.3 Canada: Wind Turbine Components Market, by Generator

8.2.3.2.1.4 Canada: Wind Turbine Components Market, by Tower

8.2.3.3 Mexico: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.2.3.3.1 Mexico: Wind Turbine Components Market, by Component

8.2.3.3.1.1 Mexico: Wind Turbine Components Market, by Rotor Blades

8.2.3.3.1.2 Mexico: Wind Turbine Components Market, by Gearbox

8.2.3.3.1.3 Mexico: Wind Turbine Components Market, by Generator

8.2.3.3.1.4 Mexico: Wind Turbine Components Market, by Tower

8.3 Europe: Wind Turbine Components Market

8.3.1 Europe: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2 Europe: Wind Turbine Components Market, by Component

8.3.2.1 Europe: Wind Turbine Components Market, by Rotor Blades

8.3.2.2 Europe: Wind Turbine Components Market, by Gearbox

8.3.2.3 Europe: Wind Turbine Components Market, by Generator

8.3.2.4 Europe: Wind Turbine Components Market, by Tower

8.3.3 Europe: Wind Turbine Components Market, by Key Country

8.3.3.1 France: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.3.3.1.1 France: Wind Turbine Components Market, by Component

8.3.3.1.1.1 France: Wind Turbine Components Market, by Rotor Blades

8.3.3.1.1.2 France: Wind Turbine Components Market, by Gearbox

8.3.3.1.1.3 France: Wind Turbine Components Market, by Generator

8.3.3.1.1.4 France: Wind Turbine Components Market, by Tower

8.3.3.2 Germany: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.3.3.2.1 Germany: Wind Turbine Components Market, by Component

8.3.3.2.1.1 Germany: Wind Turbine Components Market, by Rotor Blades

8.3.3.2.1.2 Germany: Wind Turbine Components Market, by Gearbox

8.3.3.2.1.3 Germany: Wind Turbine Components Market, by Generator

8.3.3.2.1.4 Germany: Wind Turbine Components Market, by Tower

8.3.3.3 Italy: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.3.3.3.1 Italy: Wind Turbine Components Market, by Component

8.3.3.3.1.1 Italy: Wind Turbine Components Market, by Rotor Blades

8.3.3.3.1.2 Italy: Wind Turbine Components Market, by Gearbox

8.3.3.3.1.3 Italy: Wind Turbine Components Market, by Generator

8.3.3.3.1.4 Italy: Wind Turbine Components Market, by Tower

8.3.3.4 UK: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.3.3.4.1 UK: Wind Turbine Components Market, by Component

8.3.3.4.1.1 UK: Wind Turbine Components Market, by Rotor Blades

8.3.3.4.1.2 UK: Wind Turbine Components Market, by Gearbox

8.3.3.4.1.3 UK: Wind Turbine Components Market, by Generator

8.3.3.4.1.4 UK: Wind Turbine Components Market, by Tower

8.3.3.5 Russia: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.3.3.5.1 Russia: Wind Turbine Components Market, by Component

8.3.3.5.1.1 Russia: Wind Turbine Components Market, by Rotor Blades

8.3.3.5.1.2 Russia: Wind Turbine Components Market, by Gearbox

8.3.3.5.1.3 Russia: Wind Turbine Components Market, by Generator

8.3.3.5.1.4 Russia: Wind Turbine Components Market, by Tower

8.3.3.6 Rest of Europe: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.3.3.6.1 Rest of Europe: Wind Turbine Components Market, by Component

8.3.3.6.1.1 Rest of Europe: Wind Turbine Components Market, by Rotor Blades

8.3.3.6.1.2 Rest of Europe: Wind Turbine Components Market, by Gearbox

8.3.3.6.1.3 Rest of Europe: Wind Turbine Components Market, by Generator

8.3.3.6.1.4 Rest of Europe: Wind Turbine Components Market, by Tower

8.4 Asia Pacific: Wind Turbine Components Market

8.4.1 Asia Pacific: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.4.2 Asia Pacific: Wind Turbine Components Market, by Component

8.4.2.1 Asia Pacific: Wind Turbine Components Market, by Rotor Blades

8.4.2.2 Asia Pacific: Wind Turbine Components Market, by Gearbox

8.4.2.3 Asia Pacific: Wind Turbine Components Market, by Generator

8.4.2.4 Asia Pacific: Wind Turbine Components Market, by Tower

8.4.3 Asia Pacific: Wind Turbine Components Market, by Key Country

8.4.3.1 Australia: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.4.3.1.1 Australia: Wind Turbine Components Market, by Component

8.4.3.1.1.1 Australia: Wind Turbine Components Market, by Rotor Blades

8.4.3.1.1.2 Australia: Wind Turbine Components Market, by Gearbox

8.4.3.1.1.3 Australia: Wind Turbine Components Market, by Generator

8.4.3.1.1.4 Australia: Wind Turbine Components Market, by Tower

8.4.3.2 China: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.4.3.2.1 China: Wind Turbine Components Market, by Component

8.4.3.2.1.1 China: Wind Turbine Components Market, by Rotor Blades

8.4.3.2.1.2 China: Wind Turbine Components Market, by Gearbox

8.4.3.2.1.3 China: Wind Turbine Components Market, by Generator

8.4.3.2.1.4 China: Wind Turbine Components Market, by Tower

8.4.3.3 India: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.4.3.3.1 India: Wind Turbine Components Market, by Component

8.4.3.3.1.1 India: Wind Turbine Components Market, by Rotor Blades

8.4.3.3.1.2 India: Wind Turbine Components Market, by Gearbox

8.4.3.3.1.3 India: Wind Turbine Components Market, by Generator

8.4.3.3.1.4 India: Wind Turbine Components Market, by Tower

8.4.3.4 Japan: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.4.3.4.1 Japan: Wind Turbine Components Market, by Component

8.4.3.4.1.1 Japan: Wind Turbine Components Market, by Rotor Blades

8.4.3.4.1.2 Japan: Wind Turbine Components Market, by Gearbox

8.4.3.4.1.3 Japan: Wind Turbine Components Market, by Generator

8.4.3.4.1.4 Japan: Wind Turbine Components Market, by Tower

8.4.3.5 South Korea: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.4.3.5.1 South Korea: Wind Turbine Components Market, by Component

8.4.3.5.1.1 South Korea: Wind Turbine Components Market, by Rotor Blades

8.4.3.5.1.2 South Korea: Wind Turbine Components Market, by Gearbox

8.4.3.5.1.3 South Korea: Wind Turbine Components Market, by Generator

8.4.3.5.1.4 South Korea: Wind Turbine Components Market, by Tower

8.4.3.6 Rest of APAC: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.4.3.6.1 Rest of APAC: Wind Turbine Components Market, by Component

8.4.3.6.1.1 Rest of APAC: Wind Turbine Components Market, by Rotor Blades

8.4.3.6.1.2 Rest of APAC: Wind Turbine Components Market, by Gearbox

8.4.3.6.1.3 Rest of APAC: Wind Turbine Components Market, by Generator

8.4.3.6.1.4 Rest of APAC: Wind Turbine Components Market, by Tower

8.5 MEA: Wind Turbine Components Market

8.5.1 MEA: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.5.2 MEA: Wind Turbine Components Market, by Component

8.5.2.1 MEA: Wind Turbine Components Market, by Rotor Blades

8.5.2.2 MEA: Wind Turbine Components Market, by Gearbox

8.5.2.3 MEA: Wind Turbine Components Market, by Generator

8.5.2.4 MEA: Wind Turbine Components Market, by Tower

8.5.3 MEA: Wind Turbine Components Market, by Key Country

8.5.3.1 Saudi Arabia: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.5.3.1.1 Saudi Arabia: Wind Turbine Components Market, by Component

8.5.3.1.1.1 Saudi Arabia: Wind Turbine Components Market, by Rotor Blades

8.5.3.1.1.2 Saudi Arabia: Wind Turbine Components Market, by Gearbox

8.5.3.1.1.3 Saudi Arabia: Wind Turbine Components Market, by Generator

8.5.3.1.1.4 Saudi Arabia: Wind Turbine Components Market, by Tower

8.5.3.2 UAE: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.5.3.2.1 UAE: Wind Turbine Components Market, by Component

8.5.3.2.1.1 UAE: Wind Turbine Components Market, by Rotor Blades

8.5.3.2.1.2 UAE: Wind Turbine Components Market, by Gearbox

8.5.3.2.1.3 UAE: Wind Turbine Components Market, by Generator

8.5.3.2.1.4 UAE: Wind Turbine Components Market, by Tower

8.5.3.3 South Africa: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.5.3.3.1 South Africa: Wind Turbine Components Market, by Component

8.5.3.3.1.1 South Africa: Wind Turbine Components Market, by Rotor Blades

8.5.3.3.1.2 South Africa: Wind Turbine Components Market, by Gearbox

8.5.3.3.1.3 South Africa: Wind Turbine Components Market, by Generator

8.5.3.3.1.4 South Africa: Wind Turbine Components Market, by Tower

8.5.3.4 Rest of MEA: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.5.3.4.1 Rest of MEA: Wind Turbine Components Market, by Component

8.5.3.4.1.1 Rest of MEA: Wind Turbine Components Market, by Rotor Blades

8.5.3.4.1.2 Rest of MEA: Wind Turbine Components Market, by Gearbox

8.5.3.4.1.3 Rest of MEA: Wind Turbine Components Market, by Generator

8.5.3.4.1.4 Rest of MEA: Wind Turbine Components Market, by Tower

8.6 SAM: Wind Turbine Components Market

8.6.1 SAM: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.6.2 SAM: Wind Turbine Components Market, by Component

8.6.2.1 SAM: Wind Turbine Components Market, by Rotor Blades

8.6.2.2 SAM: Wind Turbine Components Market, by Gearbox

8.6.2.3 SAM: Wind Turbine Components Market, by Generator

8.6.2.4 SAM: Wind Turbine Components Market, by Tower

8.6.3 SAM: Wind Turbine Components Market, by Key Country

8.6.3.1 Brazil: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.6.3.1.1 Brazil: Wind Turbine Components Market, by Component

8.6.3.1.1.1 Brazil: Wind Turbine Components Market, by Rotor Blades

8.6.3.1.1.2 Brazil: Wind Turbine Components Market, by Gearbox

8.6.3.1.1.3 Brazil: Wind Turbine Components Market, by Generator

8.6.3.1.1.4 Brazil: Wind Turbine Components Market, by Tower

8.6.3.2 Argentina: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.6.3.2.1 Argentina: Wind Turbine Components Market, by Component

8.6.3.2.1.1 Argentina: Wind Turbine Components Market, by Rotor Blades

8.6.3.2.1.2 Argentina: Wind Turbine Components Market, by Gearbox

8.6.3.2.1.3 Argentina: Wind Turbine Components Market, by Generator

8.6.3.2.1.4 Argentina: Wind Turbine Components Market, by Tower

8.6.3.3 Rest of SAM: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)

8.6.3.3.1 Rest of SAM: Wind Turbine Components Market, by Component

8.6.3.3.1.1 Rest of SAM: Wind Turbine Components Market, by Rotor Blades

8.6.3.3.1.2 Rest of SAM: Wind Turbine Components Market, by Gearbox

8.6.3.3.1.3 Rest of SAM: Wind Turbine Components Market, by Generator

8.6.3.3.1.4 Rest of SAM: Wind Turbine Components Market, by Tower

9. Impact of COVID-19 Pandemic on Wind Turbine Components Market

9.1 Overview

9.2 North America: Impact Assessment of COVID-19 Pandemic

9.3 Europe: Impact Assessment of COVID-19 Pandemic

9.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic

9.5 MEA: Impact Assessment of COVID-19 Pandemic

9.6 South America Impact Assessment of COVID-19 Pandemic

10. Industry Landscape

10.1 Overview

10.2 Market Initiative

10.3 New Product Development

10.4 Merger and Acquisition

11. Company Profiles

11.1 Siemens Gamesa Renewable Energy SA

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Vestas Wind Systems AS

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 TPI Composites Inc

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 GRI Renewable Industries SL

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Marmen Inc

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 Valmont Industries Inc

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 LM Wind Power AS

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 The Timken Co

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 ZF Friedrichshafen AG

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 Flender International GmbH

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary

LIST OF TABLES.

Table 1. Global Wind Turbine Components Market, Revenue and Forecast, 2019–2028 (US$ Mn)

Table 2. North America: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 4. North America: Wind Turbine Components Market, by Rotor Blade– Revenue and Forecast to 2028 (US$ Million)

Table 5. North America: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 6. North America: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 7. North America: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 8. US: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 9. US: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 10. US: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 11. US: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 12. US: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 13. Canada: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 14. Canada: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 15. Canada: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 16. Canada: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 17. Canada: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 18. Mexico: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 19. Mexico: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 20. Mexico: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 21. Mexico: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 22. Mexico: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 23. Europe: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 24. Europe: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 25. Europe: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 26. Europe: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 27. Europe: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 28. France: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 29. France: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 30. France: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 31. France: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 32. France: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 33. Germany: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 34. Germany: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 35. Germany: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 36. Germany: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 37. Germany: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 38. Italy: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 39. Italy: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 40. Italy: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 41. Italy: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 42. Italy: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 43. UK: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 44. UK: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 45. UK: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 46. UK: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 47. UK: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 48. Russia: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 49. Russia: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 50. Russia: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 51. Russia: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 52. Russia: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 53. Rest of Europe: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 54. Rest of Europe: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 55. Rest of Europe: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 56. Rest of Europe: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 57. Rest of Europe: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 58. Asia Pacific: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 59. Asia Pacific: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 60. Asia Pacific: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 61. Asia Pacific: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 62. Asia Pacific: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 63. Australia: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 64. Australia: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 65. Australia: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 66. Australia: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 67. Australia: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 68. China: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 69. China: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 70. China: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 71. China: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 72. China: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 73. India: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 74. India: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 75. India: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 76. India: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 77. India: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 78. Japan: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 79. Japan: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 80. Japan: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 81. Japan: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 82. Japan: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 83. South Korea: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 84. South Korea: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 85. South Korea: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 86. South Korea: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 87. South Korea: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 88. Rest of APAC: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 89. Rest of APAC: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 90. Rest of APAC: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 91. Rest of APAC: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 92. Rest of APAC: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 93. MEA: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 94. MEA: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 95. MEA: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 96. MEA: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 97. MEA: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 98. Saudi Arabia: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 99. Saudi Arabia: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 100. Saudi Arabia: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 101. Saudi Arabia: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 102. Saudi Arabia: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 103. UAE: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 104. UAE: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 105. UAE: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 106. UAE: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 107. UAE: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 108. South Africa: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 109. South Africa: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 110. South Africa: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 111. South Africa: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 112. South Africa: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 113. Rest of MEA: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 114. Rest of MEA: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 115. Rest of MEA: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 116. Rest of MEA: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 117. Rest of MEA: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 118. SAM: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 119. SAM: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 120. SAM: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 121. SAM: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 122. SAM: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 123. Brazil: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 124. Brazil: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 125. Brazil: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 126. Brazil: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 127. Brazil: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 128. Argentina: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 129. Argentina: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 130. Argentina: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 131. Argentina: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 132. Argentina: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 133. Rest of SAM: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)

Table 134. Rest of SAM: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)

Table 135. Rest of SAM: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)

Table 136. Rest of SAM: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)

Table 137. Rest of SAM: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)

Table 138. Glossary of Terms, Wind Turbine Components Market

The List of Companies - Wind Turbine Components Market

• Siemens Gamesa Renewable Energy SA

• Vestas Wind Systems AS

• TPI Composites Inc

• GRI Renewable Industries SL

• Marmen Inc

• Valmont Industries Inc

• LM Wind Power AS

• The Timken Co

• ZF Friedrichshafen AG

• Flender International GmbH

Reason To Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global wind turbine components market.

• Highlights key business priorities in order to assist companies to realign their business strategies

• The key findings and recommendations highlight crucial progressive industry trends in the global wind turbine components market, thereby allowing players across the value chain to develop effective long-term strategies

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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(Wind Turbine Components Market Forecast to 2028)
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