The Key Players in Global Wind Turbine Components Market 2016-2020

Monday 14 March 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the Global Wind Turbine Components Market: GE Renewable Energy, Goldwind, Siemens, Suzlon, and Vestas.

Other Prominent Vendors in the market are: Enercon, Gamesa, LM wind power, MFG, Nordex, Senvion SE, and TPI.

Commenting on the report, an analyst said: “Companies worldwide are keen on bringing innovative products to the global wind turbine components market. Vendors are investing in R&D to reduce the weight of the rotor blades and increase the height of the wind turbine tower. For instance, Siemens has manufactured a blade, which is made of glass fiber-reinforced epoxy resin and balsa wood. The process used to manufacture the blade is a patented integral blade process. These blades do not have glued joints, seams, or adhesives that reduce the overall weight of the blade.”

According to the report, the offshore wind is consistent and powerful, and has higher wind speed and fewer environmental concerns. Offshore wind projects are suitable for large-scale development that can lead to increased demand for wind turbine components. Also, floating turbine is another prospect for the future, which will significantly contribute to wind installation. A floating wind turbine is an offshore wind turbine that is mounted on a structure and can float in the ocean, thereby allowing for wind power generation in difficult ocean terrains.

Further, the report states that the reliability of wind turbines is a pre-requisite for the effective generation of power from wind energy. Any failure of components will negatively affect the functioning of the entire system.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.