Global Wind Turbine Nacelle Market Size, Trends and Growth Opportunity, By Deployment (Onshore, Offshore), Turbine Capacity (Less than 1.5 MW, 1.5 to 2MW, 2 to 2.5 MW, Greater than 2.5 MW), Application (Residential, Utility, Industrial, Commercial), By Region and Forecast Till 2027.
Report ID : IR100649 | Industries : Automotive and Transportation | Published On :November 2024 | Page Count : 13
Global Wind Turbine Nacelle Market Size, Trends and Growth Opportunity, By Deployment (Onshore, Offshore), Turbine Capacity (Less than 1.5 MW, 1.5 to 2MW, 2 to 2.5 MW, Greater than 2.5 MW), Application (Residential, Utility, Industrial, Commercial), By Region and Forecast Till 2027.
Global Wind Turbine Nacelle Market
The Global Wind Turbine Nacelle Market was valued at US$6600 million in 2021 and it is expected to reach at US$15,620 million in 2027 at a CAGR of 11.56% during forecast period 2022-2027.
The drive train and other tower-top components of a wind turbine are contained inside the wind turbine's nacelle. A yaw bearing supports it, allowing it to rotate in response to changes in the wind's direction. The nacelle needs to be approachable for maintenance and repairs. Typically, access is gained by a tower elevator and ladders.
Market Drivers
As one of the energy sources with the greatest rate of worldwide expansion, wind energy offers a number of advantages. Because the majority of the best wind sites are located in rural areas, this has a huge economic impact there. Because wind farms only occupy a small fraction of the land, farmers and ranchers can continue to make a living from the property. Farmers and ranchers who rent their land to wind power plant owners for the usage of the property see their revenue rise as a result of the rent. The sector is growing more quickly as a result of the endless supply of wind energy. The industry will continue to increase as a result of factors such quick urbanization and growing public knowledge of the benefits of using wind energy.
Market Restraints
The high capital cost of the wind turbine nacelle slows the growth rate of the component. In addition, wind turbines frequently present additional logistical difficulties. The wind turbine nacelle's high initial purchase price in addition to maintenance, installation, and transportation costs. Therefore, the cost constraints will pose yet another major obstacle to the market expansion for wind turbine nacelles.
Market Segmentation
The global wind turbine nacelle market is segmented into deployment, turbine capacity and application. By deployment it segmented into onshore, offshore. By turbine capacity it segmented into less than 1.5 mw, 1.5 to 2mw, 2 to 2.5 mw, greater than 2.5 mw. By application it segmented into residential, utility, industrial, and commercial.
Regional Analysis
The global wind turbine nacelle market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. In terms of market share and revenue, Asia-Pacific dominates the wind turbine nacelle market, and this dominance will flourish during the projection period as a result of the rapid rise in demand for renewable energy sources. The region's market expansion will be aided in the foreseeable future by the size of the customer base.
Key Players
Various key players are listed in this report such as General Electric (U.S.), Vestas (Denmark), Siemens (Spain), Goldwind (China), Shanghai Electric (China), ABB (Switzerland), Doosan Corporation (South Korea), Hitachi Ltd. (Japan), Nordex SE (Germany), EEW Group (Germany)
Market Taxonomy
By Deployment
• Onshore
• Offshore
By Turbine Capacity
• Less Than 1.5 Mw
• 1.5 To 2mw
• 2 To 2.5 Mw
• Greater Than 2.5 Mw
By Application
• Residential
• Utility
• Industrial
• Commercial
Key Question Addressed by the Report
• What are the Key Opportunities in Global Wind Turbine Nacelle Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Wind Turbine Nacelle Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Wind Turbine Nacelle Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Wind Turbine Nacelle Market, By Deployment
5.1 Y-o-Y Growth Comparison, By Types
5.2 Global Wind Turbine Nacelle Market Share Analysis, By Deployment
5.3 Global Wind Turbine Nacelle Market Size and Forecast, By Deployment
5.3.1Onshore
5.3.2 Offshore
6 Global Wind Turbine Nacelle Market, By Turbine Capacity
6.1 Y-o-Y Growth Comparison, By Turbine Capacity
6.2 Global Wind Turbine Nacelle Market Share Analysis, By Turbine Capacity
6.3 Global Wind Turbine Nacelle Market Size and Forecast, By Turbine Capacity
6.3.1 Less Than 1.5 Mw
6.3.2 1.5 To 2mw
6.3.3 2 To 2.5 Mw
6.3.4 Greater Than 2.5 Mw
7 Global Wind Turbine Nacelle Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Wind Turbine Nacelle Market Share Analysis, By Application
7.3 Global Wind Turbine Nacelle Market Share Analysis, By Application
7.3.1 Residential
7.3.2 Utility
7.3.3 Industrial
7.3.4 Commercial
8 Global Wind Turbine Nacelle Market, By Region
8.1 Global Wind Turbine Nacelle Market Share Analysis, By Region
8.2 Global Wind Turbine Nacelle Market Share Analysis, By Region
9 North America Wind Turbine Nacelle Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Wind Turbine Nacelle Market Share Analysis, By Types
9.3 North America Wind Turbine Nacelle Market Size and Forecast, By Turbine Capacity
9.4 North America Wind Turbine Nacelle Market Size and Forecast, By Application
9.5 North America Wind Turbine Nacelle Market Size and Forecast, By Country
9.5.1 U.S
9.5.2 Canada
9.5.3 Mexico
10 Europe Wind Turbine Nacelle Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Wind Turbine Nacelle Market Share Analysis, By Types
10.3 Europe Wind Turbine Nacelle Market Size and Forecast, By Turbine Capacity
10.4 Europe Wind Turbine Nacelle Market Size and Forecast, By Application
10.5 Europe Wind Turbine Nacelle Market Size and Forecast, By
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Wind Turbine Nacelle Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Wind Turbine Nacelle Market Size and Forecast, By Types
11.3 Europe Wind Turbine Nacelle Market Size and Forecast, By Turbine Capacity
11.4 Europe Wind Turbine Nacelle Market Size and Forecast, By Application
11.5 Europe Wind Turbine Nacelle Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Wind Turbine Nacelle Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Wind Turbine Nacelle Market Size and Forecast, By Types
12.3 Latin America Wind Turbine Nacelle Market Size and Forecast, By Turbine Capacity
12.4 Latin America Wind Turbine Nacelle Market Size and Forecast, By Application
12.5 Latin America Wind Turbine Nacelle Market Size and Forecast, By Country
12.5.1 Brazil
12.5.2. Rest of Latin America
13 Middle East Wind Turbine Nacelle Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle Wind Turbine Nacelle Market Share Analysis, By Types
13.3 Middle Wind Turbine Nacelle Market Size and Forecast, By Turbine Capacity
13.4 Middle Wind Turbine Nacelle Market Size and Forecast, By Application
13.5 Middle Wind Turbine Nacelle Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 General Electric (U.S.)
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Development
15.1.6 Key Strategies
15.2. Vestas (Denmark)
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Siemens (Spain)
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Goldwind (China)
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5. Shanghai Electric (China)
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6. ABB (Switzerland)
15.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7. Doosan Corporation (South Korea)
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8. Hitachi Ltd. (Japan)
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9. Nordex SE (Germany)
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10. EEW Group (Germany)
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies