Worldwide Wind Turbine Components Market by 2020 Analyzed in New Report

RnRMarketResearch.com adds Global Wind Turbine Components Market 2016-2020 a new research reports in its store. The analysts forecast global wind turbine components market to grow at a CAGR of 12% during the period 2016-2020.

Wind turbines harness the power of the wind to generate electricity. The energy present in the wind turns the blades around a rotor, which is connected to the main shaft that spins a generator to create electricity. Conventional power generation is gradually losing its sheen owing to growing environmental awareness. Renewable energy such as the wind and solar have gained popularity worldwide.

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This report covers the present scenario and the growth prospects of the global wind turbine components market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market. The vendors included in the report are component manufacturers and suppliers.

The market is divided into the following segments based on geography: Americas, APAC, EMEA

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The report, Global Wind Turbine Components Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors - GE Renewable Energy, Goldwind, Siemens, Suzlon, Vestas

Other prominent vendors – Enercon, Gamesa, LM wind power, MFG, Nordex, Senvion SE, TPI

Market driver - Expansion in offshore wind installations

Market challenge - High failure rate of wind turbine components

Market trend - Increased R&D

Key questions answered in this report

What will the market size be in 2020 and...