Overview and Scope
Wind electricity, which is produced by wind power, refers to the process by which the wind is used to generate mechanical power or electricity. Wind turbines convert the kinetic energy in the wind into mechanical power. The electricity produced is then supplied to electric power transmission systems, which are used to move large quantities of power from generating facilities to substations and to distribution systems, which are used for short distances to transport electricity to customers locally.
Sizing and Forecast
The wind electricity market size has grown rapidly in recent years. It will grow from <b>$145.38 billion in 2023 to $164.54 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. </b> The growth in the historic period can be attributed to government incentives, grid integration, cost reductions, environmental concerns.
The wind electricity market size is expected to see rapid growth in the next few years. It will grow to <b>$260.15 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%. </b> The growth in the forecast period can be attributed to grid flexibility, energy storage, global energy transition, public and corporate demand. Major trends in the forecast period include technological advancements, capacity growth, offshore wind, larger turbines, hybrid systems, corporate power purchase agreements (ppas), floating wind farms, market diversification.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/wind-electricity-global-market-report
Segmentation & Regional Insights
The wind electricity market covered in this report is segmented –
1) By Connectivity: On-Grid, Off-Grid
2) By Location: Onshore, Offshore
3) By End-User: Industrial, Commercial, Residential
<b>Asia-Pacific</b> was the largest region in the wind electricity market in 2023. <b>Western Europe</b> was the second largest region in the wind electricity market. The regions covered in the wind electricity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3858&type=smp
Major Driver Impacting Market Growth
Growing investments in the clean energy sector are contributing to the growth of the wind electricity market. Clean energy is energy derived from renewable, zero-emissions sources that do not pollute the environment. Solar, hydro, and wind energy are the primary sources of clean energy. For instance, in May 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, investments in clean energy technologies have been surpassing spending on fossil fuels, driven by concerns about affordability and energy security due to the global energy crisis, and this trend is bolstering the momentum behind more sustainable energy options. The annual investment in clean energy is projected to increase by 24% from 2021 to 2023, primarily led by renewables and electric vehicles, while fossil fuel investment is expected to rise by 15% during the same period. In 2023, approximately $2.8 trillion is earmarked for global energy investments, with over $1.7 trillion directed toward clean technologies, encompassing renewables, electric vehicles, nuclear power, grids, storage, low-emission fuels, efficiency enhancements, and heat pumps. Therefore, growing investments in the clean energy sector to meet energy demand are driving the wind electricity market growth.
Key Industry Players
Major companies operating in the wind electricity market include <b>Ming Yang Smart Energy Group Limited, NextEra Energy Resources LLC, Pacific Hydro Pty Ltd., Shell WindEnergy Inc., TransAlta Corporation, Xinjiang Goldwind Science & Technology Co. Ltd., Berkshire Hathaway Energy Company, Pattern Energy Group Inc., Iberdrola Renewables LLC, EON Climate & Renewables North America LLC, Alstom SA, ABO Wind AG, Vattenfall AB, A2SEA A/S, Tradewind Energy Inc., Geronimo, ReGen Powertech, Leitwind, Doosan Heavy Industries & Construction, Northland Power Inc., Duke Energy Corporation, Electricité de France S.A., American Electric Power Company Inc., Orsted A/S, DeWind Inc., Dongfang Electric Corporation Limited, Enel Green Power S.p.A., Wind World (India) Limited, Eurus Energy Holdings Corporation, Guodian United Power Technology Company Limited</b>
The wind electricity market report table of contents includes:
1. Executive Summary
2.Wind Electricity Market Characteristics
3.Wind Electricity Market Trends And Strategies
4.Wind Electricity Market analysis
5.Wind Electricity Market Size And Growth
6.Wind Electricity Segmentation
7. Wind ElectricityRegional And Country Analysis
.
.
.
27.Wind Electricity Competitive Landscape And Company Profiles
28.Wind Electricity Key Mergers And Acquisitions
29.Wind Electricity Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Ming Yang Smart Energy Group Limited
- NextEra Energy Resources LLC
- -Pacific Hydro Pty Ltd.
- Shell WindEnergy Inc.
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reportsThe Wind Electricity Global Market Report 2020-30 by The Business Research Company describes and explains the global wind electricity market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030.
The report evaluates the market across each region and for the major economies within each region.The Wind Electricity Global Market Report 2021 covers wind electricity market drivers, wind electricity market trends, wind electricity market segments, wind electricity market growth rate, wind electricity market major players, and wind electricity market size.View Complete Report: https://www.thebusinessresearchcompany.com/report/wind-electricity-global-market-reportThe wind electricity market report provides an in-depth analysis of the impact of COVID-19 on the global wind electricity industry, along with revised market numbers due to the effects of the coronavirus and the expected wind electricity market growth numbers 2021-2030Wind Electricity Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request For The Sample Now: https://www.thebusinessresearchcompany.com/sample.aspx?id=3834=smpThe global wind electricity market is expected to grow from $88.16 billion in 2020 to $92.2 billion in 2021 at a compound annual growth rate (CAGR) of 4.6%.
The market is expected to reach $113.99 billion in 2025 at a CAGR of 5.4%.The report covers the wind electricity market segments-1) By Connectivity: On-Grid, Off-Grid.2) By End-User: Industrial, Commercial, Residential.3) By Location: Onshore, Offshore.About The Business Research Company: The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research.
It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally.
Wind Electricity Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact – both negative and positive – of COVID-19 on the wind electricity industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
This includes revised market numbers according to the effects of the coronavirus and the expected wind electricity market growth numbers 2021-2030.
View Complete Report: https://www.thebusinessresearchcompany.com/report/wind-electricity-global-market-report The Wind Electricity Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global wind electricity market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030.
The Wind Electricity Global Market Report 2021 covers wind electricity market drivers, wind electricity market trends, wind electricity market growth rate, wind electricity market major players, player-adopted strategies in the market, and wind electricity market size.
The global wind electricity market is expected to grow from $62.84 in billion 2020 to $68.77 billion in 2021 at a compound annual growth rate (CAGR) of 9.4%.
