Wind Turbine Generator Market in Heavy Electrical Equipment Industry to grow by USD 7.22 billion | Technavio

NEW YORK, July 12, 2021 /PRNewswire/ --

Technavio has announced its latest market research report titled Wind Turbine Generator Market by Application and Geography - Forecast and Analysis 2020-2024

"Rise in wind energy consumption and the decline in LCOE of wind power generation will further boost market growth during the forecast period," says a senior analyst at Technavio.

Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment.
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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. COVID-19 will have At Par impact on the wind turbine generator market.

The wind turbine generator market in the heavy electrical equipment industry is expected to grow by USD 7.22 billion, progressing at a CAGR of almost 4% during 2020-2024, as per the new report from Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Wind Turbine Generator Market in Heavy Electrical Equipment Industry 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist wind turbine generator market growth during the next five years
  • Estimation of the wind turbine generator market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the wind turbine generator market
  • 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

Wind Turbine Generator Market in Heavy Electrical Equipment Industry 2020-2024: Vendor Analysis and Scope

To help businesses improve their market position, Technavio provides a detailed analysis of around 25 vendors operating in the wind turbine generator market. 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.

  • Wind Turbine Generator Market Size
  • Wind Turbine Generator Market Trends
  • Wind Turbine Generator Market Industry Analysis

This study identifies R&D in direct-drive generators for wind turbines as one of the prime reasons driving the Wind Turbine Generator Market growth during the next few years. However, the competition from fossil fuels may threaten the growth of the market.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44826

Reasons to Buy the Report:

  • Leverage latest data mapping the technological advancements
  • Find deeper market insights and forecast information about current market developments.
  • Explore insights on key market accelerating factors.
  • Identify potential threats to market growth.
  • Understand the impact of trends likely to influence market growth positively or negatively.

Key Topics Covered:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation by Application
  • Market Segmentation by Geography
  • Customer landscape
  • Geographic Landscape
  • Vendor Landscape
  • Vendor Analysis
  • Appendix

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About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Report link: https://www.technavio.com/report/wind-turbine-generator-market-industry-analysis

Technavio (PRNewsfoto/Technavio)

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