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Wind Turbine Nacelle Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Turbine Capacity (Less Than 02 MW, 02 MW - 04 MW, More than 04 MW), By Location (Onshore, Offshore), By Application (Residential, Utility, Industrial, Commercial), By Region
Market Report I 2023-09-05 I 178 Pages I TechSci Research
Global Wind Turbine Nacelle Market is anticipated to grow at a robust rate in the forecast period 2024-2028. Wind is a clean and sustainable renewable energy source. Wind turbines can produce power even in unfavorable weather conditions and provide several benefits, including easy operation and minimal maintenance costs. In recent years, there has been a significant rise in the demand for energy that is generated from alternative and renewable sources. Wind turbines generate electricity by transforming kinetic energy from the incoming wind into electrical power.
Rising Global Warming Awareness and Less Installation Costs are Driving the Market
To decrease the harmful effects of global warming, the useof sustainable energy sources, such as wind energy, has increased dramatically worldwide. The Global Wind Energy Council (GWEC) estimates that the wind sector will add 348 GW of new capacity between 2020 and 2024, bringing the total global wind power capacity to 1000 GW by the end of that year. Thus, it is anticipated that increasing awareness of the negative impacts of carbon dioxide emissions and the adoption of renewable energy sources would propel the market for wind turbine nacelles.
The global wind turbine nacelle market is anticipated to be driven by technological developments in the design of wind turbine materials, such as glass composites, to reduce the cost of maintenance and installation. Lighter, less expensive, and easier to carry and assemble components are built using contemporary glass composites. These parts are additionally simple to install and fix. Costs for installation and maintenance have decreased as a result. This factor is also driving the market for wind turbine nacelles.
Government initiatives towards renewable energy and technical developments in wind turbines
Increasing investments and new projects are anticipated to fuel market expansion for wind turbine nacelles globally over the next years. The demand for wind turbine nacelles is growing worldwide due to increasing investments in wind power projects and the global expansion of the wind power industry. For instance, according to the European Wind Energy Association (Wind Europe), approximately USD 86.06 Bn in investment activities, including USD 46.26 billion for building new wind farms, were recorded in the field of wind energy in Europe in 2020.
During the forecast period, it is anticipated that expanding technical developments in wind turbine materials would present a variety of growth prospects in the worldwide wind turbine nacelle market. The adoption of glass composites and other technological advancements in wind turbine material design to lower installation and maintenance costs is rising. Modern glass composites are utilized to create construction components that are more affordable, more portable, and smaller. As a function, installation and maintenance costs are reduced, which is anticipated to encourage market expansion.
Governments and authorities are focusing on renewable energy sources to fulfill the demand to produce natural electricity. Due to the implementation of legislation by various organizations and leaders, in addition to investments from these entities, the wind energy sector is expanding quickly. According to the Global Wind Energy Council (GWEC), the industry was driven by a worldwide newly installed wind energy capacity of around 51 GW in 2017 and a total installed wind power capacity of about 540 GW up to that point.
Restraining factors
The global wind turbine nacelle market's high capital cost slows its expansion pace. In addition, wind turbines can present extra logistical difficulties. Also wind turbine nacelle's high initial purchase price in addition to maintenance, installation, and shipping expenses are the factors that restrict the market growth.
Market Segmentation
The Global Wind Turbine Nacelle Market is segmented based on turbine capacity, location, application, regional distribution and competitive landscape. Based on Turbine Capacity, the market is segmented into Less Than 02 MW, 02 MW - 04 MW, more than 04 MW. Based on Location, the market is segmented into Onshore and Offshore. Based on Application, the market is segmented into Residential, Utility, Industrial and Commercial.
Market players
Major players operating in the Global Wind Turbine Nacelle Market include ReGen Powertech Pvt Ltd, Siemens Gamesa Renewable Energy, General Electric, Molded Fiber Glass Companies, Suzlon Energy Limited, Vestas Wind System A/S, AVANTIS Energy Group, Bora Energy, INOX WIND, NORDEX SE.
Report Scope:
In this report, Global Wind Turbine Nacelle Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
o Wind Turbine Nacelle Market, By Turbine capacity:
o Less Than 02 MW
o 02 MW - 04 MW
o More than 04 MW
o Wind Turbine Nacelle Market, By Location:
o Onshore
o Offshore
o Wind Turbine Nacelle Market, By Application:
o Residential
o Utility
o Industrial
o Commercial
o Wind Turbine Nacelle Market, By Region:
o North America
- United States
- Mexico
- Canada
o Asia-Pacific
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- China
o Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Poland
- Denmark
o South America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
o Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Iraq
- Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Wind Turbine Nacelle Market.
Available Customizations:
Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
o Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 Global Wind Turbine Nacelle Market
4. Executive Summary
5. Voice of Customers
6. Global Wind Turbine Nacelle Market
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Turbine Capacity (Less Than 02 MW, 02 MW - 04 MW, more than 04 MW)
6.2.2. By Location (Onshore, Offshore)
6.2.3. By Application (Residential, Utility, Industrial, Commercial)
6.2.4. By Region (Asia-Pacific, Europe, North America, South America, Middle East & Africa)
6.2.5. By Region
6.2.6. By Company
6.3. Market Map
7. North America Wind Turbine Nacelle Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Turbine Capacity
7.2.2. By Location
7.2.3. By Application
7.2.4. By Country
7.3. North America: Country Analysis
7.3.1. United States Wind Turbine Nacelle Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Turbine Capacity
7.3.1.2.2. By Location
7.3.1.2.3. By Application
7.3.2. Canada Wind Turbine Nacelle Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Turbine Capacity
7.3.2.2.2. By Location
7.3.2.2.3. By Application
7.3.3. Mexico Wind Turbine Nacelle Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Turbine Capacity
7.3.3.2.2. By Location
7.3.3.2.3. By Application
8. Asia-Pacific Wind Turbine Nacelle Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Turbine Capacity
8.2.2. By Location
8.2.3. By Application
8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Wind Turbine Nacelle Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Turbine Capacity
8.3.1.2.2. By Location
8.3.1.2.3. By Application
8.3.2. India Wind Turbine Nacelle Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Turbine Capacity
8.3.2.2.2. By Location
8.3.2.2.3. By Application
8.3.3. Japan Wind Turbine Nacelle Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Turbine Capacity
8.3.3.2.2. By Location
8.3.3.2.3. By Application
8.3.4. South Korea Wind Turbine Nacelle Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Turbine Capacity
8.3.4.2.2. By Location
8.3.4.2.3. By Application
8.3.5. Australia Wind Turbine Nacelle Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Turbine Capacity
8.3.5.2.2. By Location
8.3.5.2.3. By Application
8.3.6. Singapore Wind Turbine Nacelle Market Outlook
8.3.6.1. Market Size & Forecast
8.3.6.1.1. By Value
8.3.6.2. Market Share & Forecast
8.3.6.2.1. By Turbine Capacity
8.3.6.2.2. By Location
8.3.6.2.3. By Application
8.3.7. Malaysia Wind Turbine Nacelle Market Outlook
8.3.7.1. Market Size & Forecast
8.3.7.1.1. By Value
8.3.7.2. Market Share & Forecast
8.3.7.2.1. By Turbine Capacity
8.3.7.2.2. By Location
8.3.7.2.3. By Application
9. Europe Wind Turbine Nacelle Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Turbine Capacity
9.2.2. By Location
9.2.3. By Application
9.2.4. By Country
9.3. Europe: Country Analysis
9.3.1. Germany Wind Turbine Nacelle Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Turbine Capacity
9.3.1.2.2. By Location
9.3.1.2.3. By Application
9.3.2. United Kingdom Wind Turbine Nacelle Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Turbine Capacity
9.3.2.2.2. By Location
9.3.2.2.3. By Application
9.3.3. France Wind Turbine Nacelle Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Turbine Capacity
9.3.3.2.2. By Location
9.3.3.2.3. By Application
9.3.4. Russia Wind Turbine Nacelle Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Turbine Capacity
9.3.4.2.2. By Location
9.3.4.2.3. By Application
9.3.5. Spain Wind Turbine Nacelle Market Outlook
9.3.5.1. Market Size & Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share & Forecast
9.3.5.2.1. By Turbine Capacity
9.3.5.2.2. By Location
9.3.5.2.3. By Application
9.3.6. Poland Wind Turbine Nacelle Market Outlook
9.3.6.1. Market Size & Forecast
9.3.6.1.1. By Value
9.3.6.2. Market Share & Forecast
9.3.6.2.1. By Turbine Capacity
9.3.6.2.2. By Location
9.3.6.2.3. By Application
9.3.7. Italy Wind Turbine Nacelle Market Outlook
9.3.7.1. Market Size & Forecast
9.3.7.1.1. By Value
9.3.7.2. Market Share & Forecast
9.3.7.2.1. By Turbine Capacity
9.3.7.2.2. By Location
9.3.7.2.3. By Application
9.3.8. Denmark Wind Turbine Nacelle Market Outlook
9.3.8.1. Market Size & Forecast
9.3.8.1.1. By Value
9.3.8.2. Market Share & Forecast
9.3.8.2.1. By Turbine Capacity
9.3.8.2.2. By Location
9.3.8.2.3. By Application
10. South America Wind Turbine Nacelle Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Turbine Capacity
10.2.2. By Location
10.2.3. By Application
10.2.4. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Wind Turbine Nacelle Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Turbine Capacity
10.3.1.2.2. By Location
10.3.1.2.3. By Application
10.3.2. Argentina Wind Turbine Nacelle Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Turbine Capacity
10.3.2.2.2. By Location
10.3.2.2.3. By Application
10.3.3. Colombia Wind Turbine Nacelle Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Turbine Capacity
10.3.3.2.2. By Location
10.3.3.2.3. By Application
10.3.4. Peru Wind Turbine Nacelle Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Turbine Capacity
10.3.4.2.2. By Location
10.3.4.2.3. By Application
10.3.5. Chile Wind Turbine Nacelle Market Outlook
10.3.5.1. Market Size & Forecast
10.3.5.1.1. By Value
10.3.5.2. Market Share & Forecast
10.3.5.2.1. By Turbine Capacity
10.3.5.2.2. By Location
10.3.5.2.3. By Application
11. Middle East & Africa Wind Turbine Nacelle Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Turbine Capacity
11.2.2. By Location
11.2.3. By Application
11.2.4. By Country
11.3. Middle East & Africa: Country Analysis
11.3.1. Saudi Arabia Wind Turbine Nacelle Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Turbine Capacity
11.3.1.2.2. By Location
11.3.1.2.3. By Application
11.3.2. South Africa Wind Turbine Nacelle Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Turbine Capacity
11.3.2.2.2. By Location
11.3.2.2.3. By Application
11.3.3. UAE Wind Turbine Nacelle Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Turbine Capacity
11.3.3.2.2. By Location
11.3.3.2.3. By Application
11.3.4. Israel Wind Turbine Nacelle Market Outlook
11.3.4.1. Market Size & Forecast
11.3.4.1.1. By Value
11.3.4.2. Market Share & Forecast
11.3.4.2.1. By Turbine Capacity
11.3.4.2.2. By Location
11.3.4.2.3. By Application
11.3.5. Turkey Wind Turbine Nacelle Market Outlook
11.3.5.1. Market Size & Forecast
11.3.5.1.1. By Value
11.3.5.2. Market Share & Forecast
11.3.5.2.1. By Turbine Capacity
11.3.5.2.2. By Location
11.3.5.2.3. By Application
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Company Profiles
14.1. ReGen Powertech Pvt Ltd
14.1.1. Business Overview
14.1.2. Key Revenue and Financials
14.1.3. Recent Developments
14.1.4. Key Personnel
14.1.5. Key Product/Services
14.2. Siemens Gamesa Renewable Energy
14.2.1. Business Overview
14.2.2. Key Revenue and Financials
14.2.3. Recent Developments
14.2.4. Key Personnel
14.2.5. Key Product/Services
14.3. General Electric
14.3.1. Business Overview
14.3.2. Key Revenue and Financials
14.3.3. Recent Developments
14.3.4. Key Personnel
14.3.5. Key Product/Services
14.4. Molded Fiber Glass Companies
14.4.1. Business Overview
14.4.2. Key Revenue and Financials
14.4.3. Recent Developments
14.4.4. Key Personnel
14.4.5. Key Product/Services
14.5. Suzlon Energy Limited
14.5.1. Business Overview
14.5.2. Key Revenue and Financials
14.5.3. Recent Developments
14.5.4. Key Personnel
14.5.5. Key Product/Services
14.6. Vestas Wind System A/S
14.6.1. Business Overview
14.6.2. Key Revenue and Financials
14.6.3. Recent Developments
14.6.4. Key Personnel
14.6.5. Key Product/Services
14.7. AVANTIS Energy Group
14.7.1. Business Overview
14.7.2. Key Revenue and Financials
14.7.3. Recent Developments
14.7.4. Key Personnel
14.7.5. Key Product/Services
14.8. Bora Energy
14.8.1. Business Overview
14.8.2. Key Revenue and Financials
14.8.3. Recent Developments
14.8.4. Key Personnel
14.8.5. Key Product/Services
14.9. INOX WIND
14.9.1. Business Overview
14.9.2. Key Revenue and Financials
14.9.3. Recent Developments
14.9.4. Key Personnel
14.9.5. Key Product/Services
14.10. NORDEX SE
14.10.1. Business Overview
14.10.2. Key Revenue and Financials
14.10.3. Recent Developments
14.10.4. Key Personnel
14.10.5. Key Product/Services
15. Strategic Recommendations
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