Global wind-turbine generator market expected to grow, says Research and Markets

Research and Markets has announced the addition of the “Global Wind Turbine Generator Market 2017-2021” report to their offering. The analysts forecast the global wind-turbine generator market to grow at a CAGR of 10.16% during the period 2017 to 2021.

Global Wind Turbine Generator Market

According to the new report, the wind-turbine market is experiencing increased expenditure by vendors on their R&D activities, which is leading to product innovation.

The new report has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is rise in patent filings. The wind-turbine market is witnessing increased expenditure by vendors on their R&D activities, leading to product innovation.

In addition, the vendors in the market are working to reduce the cost of upgrades and maintenance.

One of the major drivers for this market is rise in wind-energy consumption. Countries worldwide are slowly shifting their focus toward renewable sources to produce power because of the depletion of conventional sources of energy and growing greenhouse gas (GHG) emissions.

Wind power is considered to be the most efficient source of power generation among all renewable energy sources. It is also one of the most abundant sources of alternative energy.

Key vendors

  • ABB
  • Gamesa
  • GE Renewable Energy
  • SANY
  • Suzlon

Other prominent vendors

  • AVANTIS Energy Group
  • Bora Energy
  • EWT B.V.
  • Goldwind Science & Technology
  • LEITNER AG
  • NORDEX
  • ReGen PowerTech
  • Siemens
  • SWAY turbine
  • VENSYS Energy
  • Vestas Wind Systems

 

For more information about this report, click here

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