Market Forecasts and Industry Analysis Wind Turbines Market Expected to be Valued at $254 | Page 2
Southern Europe is reactivating mature markets with auctions. Activating new markets in
Argentina and Russia is being achieved. Excluding China, the global market demand for installations
is expected to increase by 8% from 36 GW in 2017 to 45 GW in 2020.
The global market for Wind Turbines at $157 billion in 2017 is anticipated to reach $254 billion in
2024. Vestas and GE among others are driving wind turbines as their clients are making further
investments in development of renewable energy.
Companies Profiled
Market Leaders
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Vestas
GE Wind Turbines
Goldwind
Siemens Gamesa
Enercon
Nordex Acciona
United Power
Mingyang
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Table of Contents
Abstract: Wind Turbine Markets Bring Strong Growth to Renewable Energy Projects 1
Wind Turbine Executive Summary 13
1. Wind Turbine: Market Description and Market Dynamics 14
1.1 Go to Market Strategies 15
2. Wind Turbine Market Shares and Forecasts 17
2.1 Wind Turbine Market Driving Forces 17
2.1.1 Local Generation of Wind Energy 17
2.1.2 Wind Energy Leverages Smart Grid 17
2.1.3 Wind Turbine Market Saturation In Areas of High Wind 18
2.1.4 High Energy Factories, Data Centers, And Commercial Plants Can Be Relocated 18
2.1.5 Significant Shift In Vendor Strategy 18
2.1.6 Global Warming Reaching A Point Where It Is Impossible To Ignore 19
2.1.7 Storage of Wind Generated Electricity: 19
2.2 Wind Turbine Market Shares 21
2.2.1 GW Unit Analysis 22
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