Bulletin
Investor Alert

press release

April 6, 2021, 10:40 a.m. EDT

Wind Energy Market to Reach $127.2 billion by 2027: Allied Market Research

Rise in renewable power sources demand, better efficiency in comparison to fossil energy sources, eco-friendly nature, and lowered carbon emissions fuel the growth of the global wind energy market. Asia-Pacific contributed to the highest share in terms of revenue in 2019, and will maintain its dominant share by 2027. The lockdown in many countries resulted in close down of many wind energy plants and affected the market growth.

Portland, OR, Apr 06, 2021 (GLOBE NEWSWIRE via COMTEX) -- Portland, OR, April 06, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global wind energy market garnered $62.1 billion in 2019, and is projected to reach $127.2 billion by 2027, manifesting a CAGR of 9.3% from 2020 to 2027. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, value chain, competitive landscape, and regional scenario.

Rise in renewable power sources demand, better efficiency in comparison to fossil energy sources, eco-friendly nature, and lowered carbon emissions fuel the growth of the global wind energy market . However, high costs of installation and maintenance of offshore wind plants restrain the market growth. Contrarily, advancements in wind turbine structure present new opportunities in the next few years.

Download Report Sample (249 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/10901

Covid-19 Scenario:

  • The lockdown in many countries resulted in close down of many wind energy plants and affected the market growth. Many investors postponed their investments plans for new projects. In addition, many orders for the installation were canceled or postponed.

  • Wind turbine production organizations from countries such as China and Germany restrained their manufacturing activities during the lockdown. Lack of availability of enough workforce and raw material shortage posed challenges for daily operations.

  • The operations would resume during the post-lockdown and the demand is expected to rise steadily. The projects will also be launched.

The report offers detailed segmentation of the global wind energy market based on type, end user, and region.

By type, the onshore segment accounted for the highest share in 2019, contributing to nearly 94% of the total market share, and is expected to maintain its leadership status during the forecast period. However, the offshore segment is projected to register the highest CAGR of 13.9% from 2020 to 2027.

Get detailed COVID-19 impact analysis on the Wind Energy Market Request Here

By end user, the industrial segment accounted for the largest market share in 2019, holding more than half of the global wind energy market, and will maintain its lead position during the forecast period. Moreover, this segment is expected to witness the largest CAGR of 10.1% from 2020 to 2027. The report offers a detailed analysis of segments such as residential and commercial.

By region, Europe, followed by North America, is projected to portray the largest CAGR of 10.4% during the forecast period. However, Asia-Pacific contributed to the highest share in terms of revenue in 2019, accounting for more than three-fifths of the total market share, and will maintain its dominant share by 2027.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/10901

Leading players of the global wind energy market analyzed in the research include Siemens General Electric, Vestas Wind Systems A/S, Enercon GmbH, Avangrid, Inc., NextEra Energy, Inc., Exelon Corporation (EXC), Xcel Energy Inc., American Electric Power Company, Inc., and Ameren Corporation.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:(Pre-Book Now with 10% Discount)

Wind Turbine Shaft Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

Wind Services Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

Energy as a Service (EaaS) Market: Global Opportunity Analysis and Industry Forecast 2020-2027

Wind Turbine Gearbox Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

Small Wind Market - Global Opportunity Analysis and Industry Forecast, 2021-2028

Wind Electric Power Generation Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Contact us:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141

International: +1-503-894-6022

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1-855-550-5975

help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

Follow us on | Facebook | Twitter | LinkedIn

COMTEX_383986526/2471/2021-04-06T10:40:27

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

(C) Copyright 2021 GlobeNewswire, Inc. All rights reserved.

Partner Center

Link to MarketWatch's Slice.