Domestic wind turbine generator market share

In 2020, GE captured 53% of the U.S. market for turbine installations, followed by Vestas at 34% and Siemens-Gamesa Renewable Energy (SGRE) at 9%, Nordex at 3%, and Goldwind with 1%.

The Land-Based Wind Market Report: 2024 Edition provides an overview of trends in the U.S. wind power market, with a particular focus on the year 2023. This report primarily focuses on land-based, utility-scale wind turbines over 100 kilowatts in size.

Wind turbines continued to grow in size and power, with the average nameplate capacity of newly installed wind turbines at 2.75 MW—up 8% from 2019 and 284% since 1998−1999. The combined health, climate, and grid-system benefits of wind are almost 3 times its levelized cost of energy.

Wind Turbine Market size valued at USD 141.4 million in 2023 and is projected to expand at more than 8.2% CAGR from 2024 to 2032, driven by continuous restructuring and refurbishment of existing infrastructure. The industry demand is primarily fueled by a positive inclination toward sustainable energy development.

New DOE report on wind energy shows distributed wind energy—wind turbines that provide power for nearby consumers—is expanding across the nation, benefiting a wide range of organizations and communities, from large corporations to remote villages.

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6 FAQs about [Domestic wind turbine generator market share]

What is the global wind turbine market?

The global wind turbine market is moderately fragmented. Some of the largest companies in the market (in no particular order) include Vestas Wind Systems AS, Siemens Gamesa Renewable Energy SA, General Electric Company, Nordex SE, and Suzlon Energy Limited, among others. Need More Details on Market Players and Competitors?

How big is the wind turbine market in 2024?

The Wind Turbine Market is expected to reach 145.66 gigawatt in 2024 and grow at a CAGR of 45.66% to reach 955.08 gigawatt by 2029. General Electric Company, Vestas Wind Systems A/S, Nordex SE, Suzlon Energy Limited and Siemens Gamesa Renewable Energy, S.A. are the major companies operating in this market.

What is the market share of wind turbines in 2022?

Substantial year-over-year of wind turbines take-in-order (37%). Chinese companies hold 66% of the market share in 2022 compared to 46 in 2021. American and European companies hold 22% in 2022 compared to 44% in 2021. Western companies are facing increasing pressure from Chinese competitors.

How is the wind turbine market segmented?

Wind turbines are a growing source of intermittent renewable energy, and they are employed in many nations to minimize energy costs and reliance on fossil fuels. The wind turbine market is segmented by location of deployment, capacity, and geography. By location of deployment, the market is segmented into onshore and offshore.

Are Chinese wind turbines the world's top five wind turbine manufacturers?

“It’s no surprise that Chinese turbine makers dominate the top five in our ranking, as buildout of gigawatt-scale wind projects and an end to pandemic restrictions sent installations soaring last year,” said Cristian Dinca, wind analyst at BloombergNEF and lead author of its 2023 Global Wind Turbine Market Shares report.

What is a distributed wind turbine?

Distributed wind turbines are connected at the distribution level of an electricity system, or in off-grid applications, to serve local energy needs. is the potential generating capacity of the U.S. offshore wind energy project development and operational pipeline, a 53% increase since last year.

Domestic wind turbine generator market share