What is the size of the global wind turbine market?

The Global Fiberglass-based Wind Turbine Market was estimated to be worth USD 8.20 billion in 2022 and is projected to reach a value of USD 17.71 billion by 2030, growing at a CAGR of 10.1 % during the forecast period 2023-2030.

What are the segments of the global wind turbine market?

The global wind turbine market can be segmented based on different criteria, such as location of deployment, capacity, and geography.

Who are the key players in the global wind turbine market?

Some of the key players in the global wind turbine market are Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy, S.A., General Electric Company, Xinjiang Goldwind Science & Technology Co., Ltd., Envision Energy, Nordex SE, Suzlon Energy Limited, China Ming Yang Smart Energy Group Limited, Dongfang Electric Corporation Limited, and Shanghai Electric Wind Power Equipment Co., Ltd.

What are the drivers for the global wind turbine market?

Due to environmental considerations, energy security, and economic effectiveness, there is an increasing need for renewable energy sources and the performance, dependability, and competitiveness of wind power are improved through technological advancements and cost reductions