Deerfield Beach, FL -- (SBWire) -- 04/27/2016 --About Wind Turbine Components
Wind turbines harness the power of the wind to generate electricity. The energy present in the wind turns the blades around a rotor, which is connected to the main shaft that spins a generator to create electricity. Conventional power generation is gradually losing its sheen owing to growing environmental awareness. Renewable energy such as the wind and solar have gained popularity worldwide.
Global wind turbine components market to grow at a CAGR of 12% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global wind turbine components market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market. The vendors included in the report are component manufacturers and suppliers.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
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Global Wind Turbine Components Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- GE Renewable Energy
- Goldwind
- Siemens
- Suzlon
- Vestas
Other prominent vendors
- Enercon
- Gamesa
- LM wind power
- MFG
- Nordex
- Senvion SE
- TPI
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Market driver
- Expansion in offshore wind installations
- For a full, detailed list, view our report
Market challenge
- High failure rate of wind turbine components
- For a full, detailed list, view our report
Market trend
- Increased R&D
- For a full, detailed list, view our report
Wind Turbine Components Market 2016 to Grow at a CAGR of 12% During the Period to 2020
Wind Turbine Components Market 2016 size, share, growth, trends, review, research, industry analysis and forecast upto 2020 by Market Research Store