Onshore Wind Energy Market Sales, Revenue Value, And Industry Expansion Strategies till 2030
Research Nester published a report titled “Onshore Wind Energy Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global onshore wind energy market in terms of market segmentation by capacity, landscape, application, and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The global onshore
wind energy market is anticipated
to grow with ~25% CAGR over the forecast period, i.e., 2022 – 2030. The market
is segmented on the basis of capacity into below 500 KW, 500 KW - 2 MW,
above 2 MW, and others, out of
which, the above 2 MW segment is estimated to hold the largest share in the
market over the forecast period, owing to the higher deployment of these
turbines in wind farms backed by their higher electricity generation capacity.
The global onshore wind energy market is
estimated to grow on the back of less capital investment for onshore wind
farms, as compared to offshore wind farms, and rising demand for renewable
energy. According to the
statistics by the International Energy Agency (IEA), the onshore wind
electricity generation witnessed a hike of almost 12%, in 2019. Due
to the rapid depletion od fossil fuels, and the pollution caused by burning
coal, the demand for renewable energy sources is increasing, which is estimated
to boost the market growth. Moreover, the construction of onshore farms is more
convenient, and cost-effective than offshore farms, which is estimated to boost
the market growth.
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On the basis of geographical analysis, the
global onshore wind energy market is segmented into five major regions
including North America, Europe, Asia Pacific, Latin America and Middle East
& Africa region. The market in the Europe region is estimated to
garner major market share during the forecast period, owing to the increasing
number of wind farms and favorable government policies in the region. Moreover,
presence of prominent market players is further expected to fuel the market
growth.
The research was global in nature and
conducted in North America (U.S., Canada), Europe (U.K., Germany, France,
Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland,
Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin
America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific
(China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia,
New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi
Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of
Middle East and Africa). In addition, areas like Market size, Y-O-Y growth
& Opportunity Analysis, market players competitive study, investment
opportunities, demand for future outlook etc. have been covered and displayed
in the research report to ensure it dives deep to achieve strategic competitive
intelligence in the segment.
Ease of
Construction of Onshore Wind Farms to boost the Market Growth
According to the data by the International
Renewable Energy Agency (IRENA), the global onshore wind energy production
amounted to 698,909 MW electricity in 2020.
Onshore
farms are constructed on land, unlike offshore farms which are built on sea.
This makes their construction convenient, cost-effective, and accessible, which
is estimated to propel the growth of the market. Along with this, increasing
government investment to promote the adoption of wind energy is estimated to
boost the market growth.
“The
Final Report will cover the impact analysis of COVID-19 on this industry.”
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However,
offshore wind farms are capable of producing more electricity, which is
expected to operate as key restraint to the growth of the global onshore wind energy market over
the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global onshore wind energy market which includes company profiling of ****** and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global onshore wind energy market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision in order to avoid future uncertainties.
Contact for more
Info:
AJ Daniel
Email: info@researchnester.com
U.S. Phone: +1 646 586 9123
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