Wind Energy Market
Anew investigative report titled “Global Wind Energy” has been added by EmergenResearch to its ever-expanding repository. The report provides a sophisticatedanalysis of the insightful data of the Wind Energy industry that has beenformulated based on thorough primary and secondary research. The details havefurther been validated and verified by the industry experts. The precise dataoffered by the report offers fruitful information about sales strategies toimprove market performance.
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The global WindEnergy Market will be worth USD 167.15 Billion by 2027, according to a currentanalysis by Emergen Research. The growth of this market can be attributed tothe rapid urbanization coupled with the rising demand for electricity in thedeveloping economies. Rising initiatives of the government to increase theadoption of sustainable sources of power generation such as solar energy andwind energy in order to reduce the emission levels and enhance the quality ofair is anticipated to drive the growth of the segment.
Themarket for Wind Energy is fragmented, with a significant number of large andmedium-sized players, which account for a significant global share of themarket. The key players of the market are well-equipped with significantmanufacturing resources and are also engaged in various research anddevelopment activities. Some of the top players in the Wind Energy comprise:
Key Companies Operating in the Wind Energy Market are:
- Honeywell International Inc.
- Rockwell Automation, Inc.
- ABB Ltd.
- Eaton Corporation Plc
Theevaluation of the companies involves assessment of production and consumptionratio, supply and demand, import/export, market share and size, revenuecontribution, gross revenue, profit margins, and key business expansionstrategies. Other vital information such as mergers and acquisitions,collaborations, joint ventures, government and corporate deals, agreements, andproduct launches, and brand promotional activities are also assessed in thereport.
Radical Highlights of the Report:
- In February 2019, Vestas entered into a partnership with a local manufacturing service provider, Marand Precision Engineering, for Wind Turbine Assembly Facility in Geelong. The partnership will help Vestas to expand its wind turbine assembly in the Victorian renewable energy sector.
- Onshore wind farms held the largest market share of 60.5% in the year 2019. The advantages of the onshore wind farms, such as low maintenance costs, cheaper integration and foundation, and easier access and operations, have resulted in the increased demand for the onshore wind farms.
- The industrial segment is forecasted to grow with the fastest CAGR of 7.1% over the forecast period due to increasing preferences of the industries towards cleaner sources of energy in order to reduce their dependency on fossil fuel-based power generation.
- The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the growing initiatives and funding of the government to adopt renewable sources of energy in order to generate electricity
Toread more about the report, visit - https://www.emergenresearch.com/industry-report/wind-energy-market
Regional Bifurcation includes:
• NorthAmerica (U.S.,Canada)
• Europe(U.K., Italy, Germany, France, Rest ofEU)
• AsiaPacific (India,Japan, China, South Korea, Australia, Rest of APAC)
• LatinAmerica (Chile,Brazil, Argentina, Rest of Latin America)
• MiddleEast & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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About Us:
At Emergen Research, we believe in advancing withtechnology. We are a growing market research and strategy consulting companywith an exhaustive knowledge base of cutting-edge and potentiallymarket-disrupting technologies that are predicted to become more prevalent inthe coming decade.
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