Technology Innovation will be Key to Drive the Wind Energy Market

The global wind energy market is expected to grow at a considerable CAGR of 8.9% during the forecast period (2021-2027). Government projects for the installation of windmills are the major factor for the growth of the market during the forecast period. Moreover, technological advancement in the field of wind energy is also augmenting the market growth. Technology innovation such as Turbine technology, resulting in decreased LCOE has increased the adoption of wind energy as an alternative source of power. 

Browse the full report description of "Global Wind Energy Market Size, Share & Trends Analysis Report by Equipment (Turbine, Electricity Generator, Wind Mill Tower, Control Equipment and Other), By Project Type (Offshore Project, Onshore Project), and Forecast Period 2021-2027" at https://www.omrglobal.com/industry-reports/wind-energy-market

Moreover, floating foundations are potentially “game-changing” technology to efficiently abundant wind potential in deeper waters and thus could lead the way for rapid future growth in the offshore wind power market. As an estimate based on the step of developments across various regions, by 2030 around 5?GW to 30?GW of floating offshore capacity could be installed globally. By this, floating wind farms have the potential to cover around 5.0% to 15.0% of the global offshore wind installed capacity (almost 1,000?GW) by 2050.

Besides, the impact of COVID-19 has been seen less on the wind energy project in 2020. According to the Global Wind Energy Council (GWEC), offshore wind has been less affected by the global pandemic than other sectors of the energy market. 

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2020-2027
• Segment Covered- 

o By Equipment Market 

o By Project

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- Competitive Landscape-  Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy, S.A., Xinjiang Goldwind Science & Technology Co., Ltd., GE Wind Energy, Envision Energy Co. Ltd.  

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Wind Energy Market Report Segment

By Equipment Market 

• Turbine 
• Electricity Generator 
• Wind Mill Tower 
• Control Equipment 

By Project

• Offshore Project 
• Onshore Project

Global Wind Energy Market Report Segment by Region

North America           

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa 
• Latin America 

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