Press Release / Business / Global Wind Turbines Market is Estimated to Reach $136 Billion by 2025, Says Accurize Market Research

Global Wind Turbines Market is Estimated to Reach $136 Billion by 2025, Says Accurize Market Research

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, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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The decrease in the cost of wind energy, and rising demand for renewable energy along with the growing part of renewable in power generation across the globe to drive the growth of the market

The decrease in the cost of wind energy, and the rising demand for renewable energy along with the growing part of renewable in power generation fuel the demand for the global wind turbines market. Furthermore, government support and supervision for wind energy projects in several countries also boosts the growth of the market.

Market Segmentation

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 the 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.