Wind Turbine Generator Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Wind Energy Consumption
- Supportive Government Policies for Wind Energy Projects
Challenges
- High Cost of Generators
- Complexity in Installation & Maintenance
Wind Turbine Generator Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
5.3% |
|
Base Year Market Size (2024) |
USD 23.33 billion |
|
Forecast Year Market Size (2037) |
USD 45.65 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of wind turbine generator is evaluated at USD 24.38 billion.
Wind Turbine Generator Market size was valued at USD 23.33 billion in 2024 and is set to exceed USD 45.65 billion by 2037, expanding at over 5.3% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is predicted to account for largest revenue share by 2037, owing to increased focus towards wind power in the region.
The major players in the market are ABB Ltd., AVANTIS Energy Group, Vestas Wind Systems A/S, and Suzlon Energy Ltd, among others.
