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According to Technavio, the global wind turbine market is expected to grow to $7. 22 billion, marking a significant slowdown at the market venue compared to 2019 expansion estimates due to the effect of the COVID-19 pandemic in the first part of 2020. However, stable expansion is expected to continue throughout the forecast era and market share is expected to grow at an annual compound rate of about 4%.
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Technavio announced its latest market report entitled Global Wind Turbine Generator Market 2020-2024 (Chart: Business Wire)
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Read the 120-page report with OCD on “Market Analysis Report for Wind Turbine Generators Through Applications (Onshore and Offshore), Geography (APAC, Europe, North America, South America and MEA) and Segment Forecasts, 2020-2024”.
https://www. technavio. com/report/wind-turbine-generator-market-industry-analysis
The market is based on higher wind power consumption.
The depletion of traditional energy resources and the accumulation of greenhouse gas emissions are driving the adoption of renewable energy resources around the world. Wind energy is one of the most abundant and effective renewable power generation resources for other renewable resources. In 2018, China added a wind capacity of 23,000 MW. Similarly, countries such as Denmark, Spain, Germany and the United Kingdom produce more than 10% of their electricity from wind power. The increasing use of wind power around the world is expanding the call for wind turbine generators, thus stimulating market growth.
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Five main wind turbine companies:
ABB Ltd.
ABB Ltd. operates in segments such as electrification, commercial automation, movement, robotics and discrete automation, and businesses and others. The company offers turbines for all transmission concepts, such as gearless or gearless, as well as for dual-force motors. and full force converter and all degrees of force and voltage up to 20 MW and 15 kV.
Alxion
Alxion operates through a unified segment. The company offers frameless AC permanent magnet turbines that come in 6 lengths from 145mm to 800mm that can be had in 4 other lengths across the length and two popular nominal speeds.
AVANTIS Energy Group
AVANTIS Energy Group functions as a unified segment. The company offers a water-cooled permanent magnet synchronous generator consisting of 690Vs and 120 phase consistent poles (3 phases) to operate at low rotation speeds.
Bora Energy
Bora Energy operates a unified segment. The corporation develops a series of wind turbines specially designed for remote, commercial and network wind turbines, simulating the characteristics of giant wind turbines.
General Electric Co.
General Electric Co. operates in segments such as energy, renewable energy, aviation and health. The corporate delivers media and turbines (3. 2-3. 8 MW at 50 or 60 Hz).
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Outlook for the application of the wind turbine generator market (revenues, billions of dollars, 2020-2024)
On the ground
Offshore
Outlook for the geography of the wind turbine generator market (revenues, billions of dollars, 2020-2024)
Apac
Europe
north america
South america
mea
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Related reports on sales and distribution include:
Global wind bearing market: global market for wind bearings through products (GBMB and BBYBGB), applications (offshore and on land) and geography (APAC, Europe, North America, South America and MEA).
Global industrial transmission market: global industrial transmission market through products (standard gearbox and precision gearbox), end user (energy, oil and gas production, general machinery and other) and geography (North America, APAC, Europe, South America and MEA).
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