Global Wind Turbines Market report published by Accurize Market Research forecast that the global market is expected to reach $136 billion by 2025; growing at a CAGR of 7.2% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Decrease in cost of wind energy, and rising demand for renewable energy along with growing part of renewable in power generation across the globe to drive the growth of the market
Decrease in cost of wind energy, and rising demand for renewable energy along with growing part of renewable in power generation fuels the demand for the global wind turbines market. Furthermore, government support and supervision for wind energy projects in several countriesalso boosts the growth of the market.
The global wind turbines market has been bifurcated on the basis of type, application, and geography. By type, the segmentation is given as onshore and offshore. Further, industrial, commercial and residential are covered under application segment. By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
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Top players in the market
The key market players include Abb Ltd., AccionaWindpowerSa, Advanced Tower Systemsbv, Aegis Wind Llc, AerodynEnergiesystemeGmbh, Ah Industries, Ainscough Wind Energy Services Ltd., Alstom Wind Slu, Anhui Hummer Dynamo Co. Ltd., and Areva Wind Gmbh among others.