Wind Power Generator Market

Global wind power generator market is anticipated to reach US$31 Bn by 2030.

Key players in global wind power generator market include Vestas Wind Systems, General Electric Company, S.A., Xinjiang Goldwind Science & Technology Co., Ltd., Goldwind, Enercon, Hitachi, NORDEX SE, Senvion, United Power, and Siemens AG.

In 2022, Asia Pacific constituted 40% of the global market and is expected to register a CAGR of 6% from 2023-2030.

In terms of installation, Onshore segment dominated the market and captures more than 50% share in 2022. By application, the horizontal turbines segment constituted more than 55% share of the global wind power generator in 2022. By end use segment, the utility and power segment constituted more than 50% share of the global Wind Power Generator in 2022.

COVID-19 pandemic has negative impact on global economy resulting in shutdown of industrial and manufacturing facilities resulting in production delays, labour shortage and supply chain issue which in turn slowed down demand for wind power generator market in 2020 and 2021.However, demand started growing in 2022 with market opening and industries started running at maximum capacity to cope up with demand.