The Business Research Company’s Wind Energy Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Wind Energy Global Market Report 2023 evaluates wind energy market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global wind energy market is expected to grow to $69,839.9 million in 2027 at a rate of 11.0%. The market is then expected to grow at a CAGR of 10.7% from 2027 and reach $115,879.3 million in 2032.
Strong government support is expected to drive the growth of the wind energy market going forward. The governments of various countries are supporting the energy sector to produce new solutions to better serve the industry. For example, in March 2023, the UK government announced it will quadruple offshore wind capacity to 50 GW (gigawatt) by 2030, and reach net zero power generation by 2035. Meanwhile, EU countries are ramping up offshore wind activity and the EU’s Green Deal plan temporarily relaxes state aid rules, allowing member states to subsidize supply chains. Further, in February 2023, the US government committed $369 billion to catalyze investments in renewable energy. Also, in August 2022, the governments of Germany and Denmark announced an investment of 9,000 million ($9,723.3 million) in a 3 GW wind power plant, out of which €6,000 million ($6,453.12 million) will be added for the offshore wind farm. Therefore, strong government support will increase the demand for the energy industry, driving the wind energy market.
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The wind energy market segments in the report are:
1) By Turbine Type: Horizontal Axis; Vertical Axis
2) By Component: Turbine; Support Structure; Electrical Infrastructure; Other Components
3) By Location: Onshore; Offshore
4) By Application: Utility; Non-Utility”
The table of contents in TBRC’s wind energy market report includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
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18. Competitive Landscape and Company Profiles
19. Key Mergers And Acquisitions
20. Opportunities And Strategies
21. Wind Energy Market, Conclusions And Recommendations
22. Appendix
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