Wind Power Systems Market Wind Power Systems Market | Page 2

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The market is broadly categorized into major segments based on application type such as industrial sector,
residential sector and commercial sector. Industrial segment is growing rapidly in the wind power systems
market with substantial revenue generation in the last few years. Growing popularity of wind power systems in
industrial segment is attributed to the strong regulatory support for sustainable energy for industrial
applications.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in implementation of latest technologies in power &
energy generation sector, surge in research & development activities in the region and existence of well-
established industrial infrastructure. The market is expected to gain a higher momentum in European region
due to favorable government laws & regulation and shifting trend towards renewable energy generation.
Asia-Pacific region is estimated to hold major share in the wind power system market with massive growth in
forecast period. Countries such as India, South Korea, Japan, Australia, China and Singapore are leading the Asia-
Pacific market with strong economic growth, rising energy demands, growing concerns related to air pollution,
limited availability of natural gas reserves, and significant investment by leading industry players considering
potential growth opportunities in the region.
The key players in the wind power systems market are General Electric Company, Nexans S.A., Prysmian Group,
Inc., Siemens Gamesa Renewable Energy S.A., Vestas Wind Systems A/S, Xinjiang Goldwind Science &
Technology Co., Ltd., Suzlon Group Ltd., Goldwind, Inc., and United Power, Inc.
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