How fast is the wind turbine market growing?

The global wind turbine market is expected to grow at a CAGR of 6% from 2023 to 2030, driven by factors like rising energy demand, government support, and technological advancements.

What are the key segments of the wind turbine market?

The wind turbine market is segmented by location (onshore and offshore), type (horizontal axis and vertical axis), power rating, connectivity, application, and region.

Which region is leading the wind turbine market?

Asia-Pacific is the dominant region in the wind turbine market, with China holding the largest share. Government initiatives and vast wind resources are propelling growth in this region.

Who are the major players in the wind turbine market?

Vestas Wind Systems, Sinovel, Siemens Gamesa Renewable Energy, General Electric Wind Energy, and Goldwind are some of the key players in the global wind turbine market.