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Middle East & Africa Wind Turbine Components Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Component (Rotor Blade, Nacelle, Gearbox, Generator, Tower, and Pitch System)
Market Report I 2023-02-13 I 134 Pages I The Insight Partners
The Middle East & Africa wind turbine components market is expected to grow from US$ 2,889.77 million in 2022 to US$ 3,192.42 million by 2028. It is estimated to grow at a CAGR of 1.7% from 2022 to 2028.
Growing Government Initiatives to Promote Wind Energy is fueling the growth of Middle East & Africa wind turbine components market
The rise in demand for renewable energy and its advantages in protecting the environment are expected to promote wind energy projects across the region. Hence, governments of various countries are supporting the construction of wind energy projects in terms of policies and investments. As various countries are taking initiatives for the adoption of wind energy, the demand for wind turbine components for the construction of wind projects will also increase. This will further push the component manufacturers to produce more efficient components to cater to the growing market demand, thus, creating a lucrative opportunity for the Middle East & Africa wind turbine components market players.
Middle East & Africa Wind Turbine Components Market Overview
The Middle East & Africa (Middle East & Africa) market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. South Africa, Egypt, Morocco, and Kenya are a few major countries dominating the wind energy demand. These countries are significantly contributing to wind energy production, which is further boosting the market growth. The key factors responsible for the market's growth are the increased initiatives for using clean energy sources to meet the rising power demand, supportive government policies, and reducing dependency on fossil fuels. Morocco, Egypt, and South Africa have successfully harnessed their wind potential, attracting private capital to set up wind parks. In 2021, the South African Ministry of Mineral Resources and Energy announced 25 successful bidders through its REIPPP Bid Window 5, which includes farms with a total capacity of 1,600 MW. In addition, Egypt has also seen fewer but bigger projects. The 4 wind farms have an installation capacity of 1.6 GW. The most recent one was commissioned in November 2021 by Lekela Power, West Bakr.
Middle East & Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Wind Turbine Components Market Segmentation
The Middle East & Africa wind turbine components market is segmented into component and country. Based on component, the Middle East & Africa wind turbine components market is segmented into rotor blade, nacelle, gearbox, generator, tower, and pitch system. The tower segment registered the largest market share in 2022.
Based on country, the Middle East & Africa wind turbine components market is segmented into Saudi Arabia, UAE, South Africa, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the market share in 2022.
Flender International GmbH, GRI Renewable Industries SL, LM Wind Power AS, Siemens Gamesa Renewable Energy SA, The Timken Company, TPI Composites Inc, Valmont Industries Inc, Vestas Wind Systems AS, and ZF Friedrichshafen AG are the leading companies operating in the Middle East & Africa wind turbine components market.
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. Middle East Africa Wind Turbine Components Market Landscape
4.1 Market Overview
4.2 Middle East Africa PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Middle East Africa 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 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 - Middle East Africa Market Analysis
6.1 Middle East Africa Wind Turbine Components Market Overview
6.2 Middle East Africa Wind Turbine Components Market Forecast and Analysis
7. Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 - Component
7.1 Overview
7.2 Middle East Africa Wind Turbine Components Market, By Component (2021 & 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. Middle East Africa Wind Turbine Components Market - Country Analysis
8.1 Overview
8.1.1 Middle East Africa: Wind Turbine Components Market, by Key Country
8.1.1.1 Saudi Arabia: Wind Turbine Components Market - Revenue and Forecast to 2028 (US$ Million)
8.1.1.1.1 Saudi Arabia: Wind Turbine Components Market, by Component
8.1.1.1.1.1 Saudi Arabia: Wind Turbine Components Market, by Rotor Blades
8.1.1.1.1.2 Saudi Arabia: Wind Turbine Components Market, by Gearbox
8.1.1.1.1.3 Saudi Arabia: Wind Turbine Components Market, by Generator
8.1.1.1.1.4 Saudi Arabia: Wind Turbine Components Market, by Tower
8.1.1.2 UAE: Wind Turbine Components Market - Revenue and Forecast to 2028 (US$ Million)
8.1.1.2.1 UAE: Wind Turbine Components Market, by Component
8.1.1.2.1.1 UAE: Wind Turbine Components Market, by Rotor Blades
8.1.1.2.1.2 UAE: Wind Turbine Components Market, by Gearbox
8.1.1.2.1.3 UAE: Wind Turbine Components Market, by Generator
8.1.1.2.1.4 UAE: Wind Turbine Components Market, by Tower
8.1.1.3 South Africa: Wind Turbine Components Market - Revenue and Forecast to 2028 (US$ Million)
8.1.1.3.1 South Africa: Wind Turbine Components Market, by Component
8.1.1.3.1.1 South Africa: Wind Turbine Components Market, by Rotor Blades
8.1.1.3.1.2 South Africa: Wind Turbine Components Market, by Gearbox
8.1.1.3.1.3 South Africa: Wind Turbine Components Market, by Generator
8.1.1.3.1.4 South Africa: Wind Turbine Components Market, by Tower
8.1.1.4 Rest of Middle East Africa: Wind Turbine Components Market - Revenue and Forecast to 2028 (US$ Million)
8.1.1.4.1 Rest of Middle East Africa: Wind Turbine Components Market, by Component
8.1.1.4.1.1 Rest of Middle East Africa: Wind Turbine Components Market, by Rotor Blades
8.1.1.4.1.2 Rest of Middle East Africa: Wind Turbine Components Market, by Gearbox
8.1.1.4.1.3 Rest of Middle East Africa: Wind Turbine Components Market, by Generator
8.1.1.4.1.4 Rest of Middle East Africa: Wind Turbine Components Market, by Tower
9. Industry Landscape
9.1 Overview
9.2 Market Initiative
9.3 New Product Development
9.4 Merger and Acquisition
10. Company Profiles
10.1 Siemens Gamesa Renewable Energy SA
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Vestas Wind Systems AS
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 TPI Composites Inc
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 GRI Renewable Industries SL
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Valmont Industries Inc
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 LM Wind Power AS
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 The Timken Company
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 ZF Friedrichshafen AG
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 Flender International GmbH
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary
LIST OF TABLES
Table 1. Middle East Africa Wind Turbine Components Market, Revenue and Forecast, 2019-2028 (US$ Mn)
Table 2. Saudi Arabia: Wind Turbine Components Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 3. Saudi Arabia: Wind Turbine Components Market, by Rotor Blades- Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia: Wind Turbine Components Market, by Gearbox- Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: Wind Turbine Components Market, by Generator- Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia: Wind Turbine Components Market, by Tower- Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE: Wind Turbine Components Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 8. UAE: Wind Turbine Components Market, by Rotor Blades- Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE: Wind Turbine Components Market, by Gearbox- Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE: Wind Turbine Components Market, by Generator- Revenue and Forecast to 2028 (US$ Million)
Table 11. UAE: Wind Turbine Components Market, by Tower- Revenue and Forecast to 2028 (US$ Million)
Table 12. South Africa: Wind Turbine Components Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 13. South Africa: Wind Turbine Components Market, by Rotor Blades- Revenue and Forecast to 2028 (US$ Million)
Table 14. South Africa: Wind Turbine Components Market, by Gearbox- Revenue and Forecast to 2028 (US$ Million)
Table 15. South Africa: Wind Turbine Components Market, by Generator- Revenue and Forecast to 2028 (US$ Million)
Table 16. South Africa: Wind Turbine Components Market, by Tower- Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Middle East Africa: Wind Turbine Components Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Middle East Africa: Wind Turbine Components Market, by Rotor Blades- Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Middle East Africa: Wind Turbine Components Market, by Gearbox- Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Middle East Africa: Wind Turbine Components Market, by Generator- Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Middle East Africa: Wind Turbine Components Market, by Tower- Revenue and Forecast to 2028 (US$ Million)
Table 22. Glossary of Terms, Middle East Africa Wind Turbine Components Market
LIST OF FIGURES
Figure 1. Middle East Africa Wind Turbine Components Market Segmentation
Figure 2. Middle East Africa Wind Turbine Components Market Segmentation - by Country
Figure 3. Middle East Africa Wind Turbine Components Market Overview
Figure 4. Middle East Africa Wind Turbine Components Market, by Component
Figure 5. Middle East Africa Wind Turbine Components Market, by Country
Figure 6. Middle East & Africa: PEST Analysis
Figure 7. Wind Turbine Components Market- Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Middle East Africa Wind Turbine Components Market: Impact Analysis of Drivers and Restraints
Figure 10. Middle East Africa Wind Turbine Components Market, Forecast and Analysis (US$ Mn)
Figure 11. Middle East Africa Wind Turbine Components Market, By Component (2021 & 2028)
Figure 12. Rotor Blade: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Below 40m: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 14.m to 60m: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 15.m to 70m: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Above 70m: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Nacelle: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Gearbox: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Planetary Gearbox: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Spur Gearbox: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Generator: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Direct Current: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. AC Synchronous: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Tower: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Tubular Steel Towers: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Lattice Towers: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Hybrid Towers: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Pitch System: Middle East Africa Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Middle East Africa: Wind Turbine Components Market, by Key Country - Revenue (2021) (US$ Million)
Figure 31. Middle East Africa: Wind Turbine Components Market Revenue Share, by Key Country (2021 & 2028)
Figure 32. Saudi Arabia: Wind Turbine Components Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. UAE: Wind Turbine Components Market - Revenue and Forecast to 2028 (US$ Million)
Figure 34. South Africa: Wind Turbine Components Market - Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of Middle East Africa: Wind Turbine Components Market - Revenue and Forecast to 2028 (US$ Million)
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