Lewes, DE -- (SBWIRE) -- 05/26/2017 -- Report forecast the global wind turbine generator market to grow at a CAGR of 10.16% during the period 2017-2021.

A wind turbine is usually equipped with three-phase generators such as synchronous generator and asynchronous generator to convert mechanical energy into electrical energy.

Browse This Report - Global Wind Turbine Generator Market 2017 - 2021

The report covers the present scenario and the growth prospects of the global wind turbine generator market for 2017-2021. To calculate the market size, the report considers the new installations in the market.

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

According to the report, one of the major drivers for this market is rise in wind energy consumption. Countries worldwide are slowly shifting their focus toward renewable sources to produce power because of the depletion of conventional sources of energy and growing greenhouse gas (GHG) emissions. Wind power is considered to be the most efficient source of power generation among all renewable energy sources. It is also one of the most abundant sources of alternative energy.

Further, the report states that one of the major factors hindering the growth of this market is high failure rate of wind turbine components. The reliability of turbines is a pre-requisite for the effective generation of power from wind energy. Any failure of components will negatively affect the functioning of the entire system. A wind turbine is built by integrating various technologies and components, ranging from aeronautics, hydraulics, automation, and others. For instance, the major components for power generation comprise the gearbox, generator, electrical, nacelle, rotor blades, and yaw systems, which require regular maintenance to ensure safe and efficient operation.

Global Wind Turbine Generator Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The 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 players in the global wind turbine generator market: ABB, Gamesa, GE Renewable Energy, SANY, and Suzlon.

Other Prominent Vendors in the market are: AVANTIS Energy, Bora Energy, EWT B.V., Goldwind Science & Technology, LEITNER AG, NORDEX, ReGen PowerTech, Siemens, SWAY turbine, VENSYS Energy, and Vestas Wind Systems.

Market driver
- Rise in wind energy consumption
- For a full, detailed list, view our report

Market challenge
- High failure rate of wind turbine components
- For a full, detailed list, view our report

Market trend
- Rise in patent filings
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages "Global Wind Turbine Generator Market 2017 - 2021" report covers Executive summary, Scope of the report, Research Methodology, Introduction, Market landscape, Market segmentation by application, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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