Aug 16, 2018   SOURCE: BusinessWire

Wind Turbine Nacelle: World Market Forecasts 2018-2023 - Declining Cost of Wind Power is Supplementing Demand - ResearchAndMarkets.com

The "Global Wind Turbine Nacelle Market - Segmented by Location, Turbine Capacity, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

Although the cumulative total global wind power capacity was up by 11% in 2017 since the previous year (487,279 MW), the annual wind power market was down by 3.8% in 2017 (54,642 MW in 2016). However, the wind power market is expected to gain pace in coming years and is likely to propel the nacelle demand in the wind power industry.

The significant factors attributing to the growth are increasing government support initiatives for the development of wind power by several countries across the globe, and the declining cost of wind power. Further, the rapidly growing offshore segment is creating huge opportunities for the market players engaged in nacelle manufacturing business.

Key Highlights

  • Declining Cost of Wind Power - Supplementing the Demand
  • Europe to Witness High Growth Rate
  • US Set to Maintain High Demand

Developments in the Market

  • February 2018: The first complete D7 nacelle built by Siemens Gamesa Renewable Energy in their new production facility in Cuxhaven (Germany), was rolled out of the manufacturing plant for the 309 MW Rentel Offshore Wind farm.

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Supply Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Cost Analysis

10. Key Company Analysis

  • Molded Fiber Glass Companies
  • Hexcel Corporation
  • Siemens Gamesa Renewable Energy S.A
  • Vestas Wind Systems A/S
  • General Electric Co.
  • Nordex SE
  • Suzlon Energy Limited

11. Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/lcx6xp/wind_turbine?w=4