Wind Turbine Generator Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2020-2024

Technavio has been monitoring the wind turbine generator market and it is expected to grow by $ 7.22 bn, accelerating at a CAGR of almost 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Wind Turbine Generator Market: Key Trends to impact market growth

The R&D in direct-drive generators for wind turbines is one of the key wind turbine generator market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Wind Turbine Generator Market: Top Drivers to Boost Demand

The Rise in wind energy consumption is one of the primary factors driving the growth of the wind turbine generator market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Vendor Analysis: ABB Ltd., Alxion and AVANTIS Energy Group are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., Alxion, AVANTIS Energy Group, Bora Energy, General Electric Co., SANY Group Co. Ltd., Siemens AG, Sinovel Wind Group Co. Ltd., Suzlon Energy Ltd., and Vestas Wind System AS are some of the major market participants.

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Wind Turbine Generator Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive wind turbine generator market growth during the next five years
• Precise estimation of the wind turbine generator market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the wind turbine generator market industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of wind turbine generator market vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of almost 4%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 7.22 bn through 2020-2024.
    
3. What is a key factor driving this market?
   Rise in wind energy consumption will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   57% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are ABB Ltd., Alxion, AVANTIS Energy Group, Bora Energy, General Electric Co., SANY Group Co. Ltd., Siemens AG, Sinovel Wind Group Co. Ltd., Suzlon Energy Ltd., and Vestas Wind System AS
    
7. What are the market segments covered in this report?
   The market is segmented by Application (Onshore and Offshore) and Geography (APAC, Europe, North America, South America, and MEA)