Report Highlights
Onshore wind turbines have been in use for decades. Global interest in renewables is rising, so the market is growing. However, vendors are struggling to build cost effective turbines. As a result, this energy source has been priced higher than alternatives. Equipment suppliers are pushing for government subsidies; designing larger, more efficient solutions; and developing new services, such as predictive analytics. Vendors are trying to create a transition point, one where the performance of these systems will rise and the cost will drop, making it more attractive. This report provides information on the market trends, challenges and major growth drivers of the global market for onshore wind turbines along with the key vendors.
Report Includes
- An overview of the global market for onshore wind turbines
- Analyses of global market trends, with market data from 2019, estimates for 2020 and projections of compound annual growth rates (CAGRs) through 2025
- Insight into how technology and market development will create additional revenue and new product categories or bring new life to existing products
Analyst Credentials
Paul Korzeniowski is a market research analyst and building automation consultant with more than two decades of experience. His work has centered on determining major market trends in the development of new networking standards, integration of building systems and the emergence of new technologies such as wireless communications. He has authored reports on markets for building automation systems for a wide variety of publications, including Investor's Business Daily, Business 2.0 and EnergyBiz.
Related Reports
Wind Turbines: Technologies, Applications and Global Markets
The global market for wind turbines is estimated to increase from $85.3 billion in 2022 to reach $116.6 billion by 2027, at a compound annual growth rate (CAGR) of 6.5% from 2022 through 2027.
Renewable Energy: Technologies and Global Markets
The global renewable energy market should reach $1,500 billion by 2027 from $932.3 billion in 2022 at a compound annual growth rate (CAGR) of 10.0% for the forecast period of 2022 to 2027.
Carbon Capture, Utilization & Storage Technologies
The global carbon capture, utilization and storage (CCUS) technologies market should reach $5.2 billion by 2026 from $2.6 billion in 2021 at a compound annual growth rate (CAGR) of 15.0% for the forecast period of 2021 to 2026.
Global Markets for Offshore Wind Turbines
Offshore wind is viewed as a much more environmentally friendly energy source than traditional approaches such as coal, oil and gas. Offshore wind is attractive because it has the potential to create large energy volumes with minimal environmental impact. It is considered a prime energy source in the future. Consequently, demand for offshore wind solutions is rising, and sales are increasing at double digit rates. This report provides information on the market and technology background of offshore wind solutions along with coverage of emerging leaders within this industry.
Recent Reports
Hydrogen Fuel Cell: Global Markets
The global market for hydrogen fuel cells is estimated to increase from $5.1 billion in 2024 to reach $11.0 billion by 2029, at a compound annual growth rate (CAGR) of 16.5% from 2024 through 2029.
Biorefinery Products and Applications: Global Markets
The global market for biorefinery products and applications was valued at $715.7 billion in 2023. The market is expected to grow from $775.2 billion in 2024 to nearly $1.2 trillion by 2029, at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2029.
Battery Separators: Global Markets
The global market for battery separators is expected to grow from $8.1 billion in 2024 and is projected to reach $19.0 billion by the end of 2029, at a compound annual growth rate (CAGR) of 18.6% during the forecast period of 2024 to 2029.
Carbon Credits Market: Global Outlook
This report provides an up-to-date analysis of current and future markets for carbon credits and the carbon offsets industry. It presents a thorough and up-to-date global assessment of the market and business of carbon credits. The report also includes a competitive landscape, ESG analysis, and detailed company profiles of leading market players.
Hydrogen Storage: Materials, Technologies and Global Markets
The global market for hydrogen storage materials and technologies is expected to grow from $5.3 billion in 2023 to $7.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 7.6% from 2023 through 2028.
Top Trending Reports
Single-use Technologies for Biopharmaceuticals: Global Markets
The global market for single-use technologies for biopharmaceuticals is expected to grow from $6.5 billion in 2024 and is projected to reach $11.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.6% during the forecast period of 2024 to 2029.
Cell and Gene Therapy Tools, and Reagents: Global Markets
The global market for Cell and Gene Therapy (CGT) Tools and Reagents is estimated to increase from $10.0 billion in 2024 to reach $16.7 billion by 2029, at a compound annual growth rate (CAGR) of 10.8% from 2024 through 2029.
Chronic Disease Management: Therapeutics, Device Technologies and Global Markets
The global market for chronic disease management therapeutics and device technologies was valued at $675.0 billion in 2023. It is projected to grow from $726.3 billion in 2024 to $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 8.1% from 2024 through 2029.
Global Market Opportunities and Competitive Landscape for CDMO
The global CDMO market was valued at $128.0 billion in 2023. This market is expected to grow from $136.6 billion in 2024 to $191.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2029.
CRISPR Technology: Global Markets
The global market for CRISPR technology was valued at $3.4 billion in 2023. This market is expected to grow from $3.8 billion in 2024 to $7.5 billion by the end of 2029, at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More