Onshore Segment to Dominate the Global Wind Turbine Nacelle Market
The
major factors driving the market are increasing demand for wind energy due to
environmental concerns and the reducing cost of wind energy.
According to TechSci Research report, “Wind Turbine Nacelle Market - By Region, Competition
Forecast & Opportunities, 2018-2028,” the Global Wind
Turbine Nacelle Market is expected to register robust growth during the
forecast period, 2023-2028. Technological innovations and advances in blade
design are the main factors for wind turbine capacity and output growth.
Higher wind speeds are made possible by raising the tower, which improves power
production. Four times more power is produced when the rotor size or diameter
is more considerable. Additionally, increasing the rotor diameter makes a
taller wind tower necessary, necessitating the construction of wind turbine
nacelles with the proper specifications to be lighter and more robust and
operate in stronger winds. Consequently, the market would expand throughout the
forecast period due to the advancement of enhanced nacelles.
It is one of the energy sources with the fastest rate of global
expansion. Since wind farms only occupy a small fraction of the land, farmers
and ranchers may continue to support themselves via farming and ranching.
Farmers and ranchers who rent their land to wind power plant owners for the
usage of the property see their income rise as a result of the rent. Wind
Turbine Nacelle sector is growing more quickly as a result of the endless
supply of wind energy. Additionally, a significant portion of the population
works for it.
For
instance, over 100,000 people are employed in the United States as wind turbine
technicians, one of the professions with the quickest growth rates. Therefore,
as a result of these positive qualities, there is a rise in the demand for wind
turbine nacelles, which accelerates the market's overall growth rate.
Over the duration of the forecast period, it is predicted that
government environmental measures would accelerate market growth. Governments in
many countries, provide a range of tax benefits and incentives that decrease
component prices, which is anticipated to boost the market for wind turbines
nacelle. As a result, favorable government rules and policies related to
greener energy projects and reducing carbon footprints create various market
opportunities.
By
installing almost 17 GW of new capacity in 2020, the US would dominate the
sector in North America. The Global Wind Energy Council (GWEC) estimates that North
America's total wind power capacity will be 136 GW in 2020. In 2020, Latin
America's full wind energy capacity was 34 GW. With the installation of roughly
2.3 GW of capacity in 2020, Brazil topped the Latin American market. By 2020,
there will be a 62% increase in the capacity of wind power installations in
North America and Latin America. As a result, about 250 million tons less
carbon dioxide are emitted each year. As a result, the market for wind turbine
nacelles in these regions is anticipated to grow as wind power installation
capacity increases.
Browse over XX market data Figures spread
through 110 Pages and an in-depth TOC on the "Wind Turbine Nacelle Market"
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, and more than 04 MW. Based on application, the market is segmented into residential,
utility, industrial, and commercial.
Based on Location, the market is segmented into Onshore and
Offshore. Due to the
widespread installation of onshore wind turbines, the onshore segment is
expected to dominate the global wind turbine nacelle market over the forecast
period. However, due to increased offshore investment and a rise in the power-generating
capability of offshore wind turbines, the offshore segment is predicted to grow
quickly throughout the forecast period.
Major market players in the Global Wind Turbine Nacelle Market are:
- ReGen Powertech
Pvt Ltd
- Siemens Gamesa
Renewable Energy
- General
Electric
- Molded Fiber
Glass Companies
- Suzlon Energy
Limited
- Vestas Wind
Systems A/S
- AVANTIS Energy
Group
- Bora Energy
- INOX WIND
- NORDEX SE.
Download Free Sample Report
Customers
can also request for 10% free customization on this report.
"Rising government initiatives towards renewable energy resource and increasing number of power generation projects globally are the factors driving the Global Wind Turbine Nacelle Market in the forecast period with a high. The market is primarily being driven by the declining cost of wind energy and the rising demand for wind energy because of environmental concerns." said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
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,” has
evaluated the future growth potential of Global Wind Turbine Nacelle Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities Global Wind Turbine Nacelle Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com