Home > Energy & Power > Electrical Equipment > Turbines > Asia Pacific Wind Turbine Market

Asia Pacific Wind Turbine Market Trends

  • Report ID: GMI8928
  • Published Date: Apr 2024
  • Report Format: PDF

Asia Pacific Wind Turbine Market Trends

Formation of international alliance that focuses on developing wind energy in line with major economies focusing to expand their offshore wind infrastructure owing to the introduction of projects which will propel the business scenario. For instance, according to the GWEC, Asia Pacific had total 30.1 GW of offshore wind power capacity as of November 2023. Robust investments by private & public sectors to improve turbine capacities and wind infrastructures coupled with new product developments will stimulate the business outlook.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

Asia Pacific market for wind turbine was reached USD 68.03 billion in 2023 and is set to grow at a 5.5% CAGR up to 2032, driven by shift towards renewable energy sources and sustainability initiatives.

The horizontal axis segment in the Asia Pacific wind turbine market is set to reach USD 110.9 billion by 2032 owing to innovations including large rotor diameters and taller towers.

China wind turbine market is set to reach USD 71 billion by 2032, driven by the surging demand for clean electricity generation across remote locations.

ENERCON GmbH, ENVISION GROUP, General Electric, Goldwind, Mingyang Smart Energy Group Co., Ltd., ReGen Powertech, Shanghai Electric, Siemens Gamesa Renewable Energy, S.A., Suzlon Energy Limited, Vestas among others.

Asia Pacific Wind Turbine Market Scope

Buy Now

Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 450
  • Countries covered: 9
  • Pages: 300
 Download Free Sample