Global Wind Turbine Components Market Growth 2025-2031

Product Code: 1708515

Industry: Machinery & Equipment

Published: Jul 14,2025

Pages: 108

Delivery Time: 2-3 business days

Global Wind Turbine Components Market Growth 2025-2031

Product Code: 1708515

Industry: Machinery & Equipment

Published: Jul 14,2025

Pages: 108

Delivery Time: 2-3 business days

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Description

The global Wind Turbine Components market size is predicted to grow from US$ 143430 million in 2025 to US$ 187250 million in 2031; it is expected to grow at a CAGR of 4.5% from 2025 to 2031.

The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.

The global fossil fuel dependency is expected to cause significant social and economic fluctuations. An economy that is based on fossil fuel is highly unsustainable. The efforts taken to reduce such an impact and reduce its usage and dependence has paved way for alternate and renewable sources of energy. Alternate sources, such as wind energy, is one of the most sought after options since it is the least expensive power generating option. Increasing number of locations for capacity additions in newer markets such as Africa, Asia, Central, and South America is driving the wind power generation. Both onshore and offshore wind power generation have contributed to the improvement of wind energy"s economics in varied operating conditions and wind regimes.

According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China"s installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.

LP Information, Inc. (LPI) ' newest research report, the “Wind Turbine Components Industry Forecast” looks at past sales and reviews total world Wind Turbine Components sales in 2024, providing a comprehensive analysis by region and market sector of projected Wind Turbine Components sales for 2025 through 2031. With Wind Turbine Components sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wind Turbine Components industry.

This Insight Report provides a comprehensive analysis of the global Wind Turbine Components landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Wind Turbine Components portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Wind Turbine Components market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wind Turbine Components and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wind Turbine Components.

This report presents a comprehensive overview, market shares, and growth opportunities of Wind Turbine Components market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Generator
    Nacelle
    Tower
    Rotor Blades
    Others

Segmentation by Application:
    Offshore Wind Energy
    Onshore Wind Energy

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

    GE Renewable Energy
    Goldwind
    Siemens
    Suzlon
    Vestas
    Enercon
    Siemens(Gamesa)
    LM Wind Power
    MFG
    Nordex
    Senvion
    TPI

Key Questions Addressed in this Report
What is the 10-year outlook for the global Wind Turbine Components market?
What factors are driving Wind Turbine Components market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Wind Turbine Components market opportunities vary by end market size?
How does Wind Turbine Components break out by Type, by Application?

List Of Tables

List of Tables
 Table 1. Wind Turbine Components Annual Sales CAGR by Geographic Region (2020, 2024 & 2031) & ($ millions)
 Table 2. Wind Turbine Components Annual Sales CAGR by Country/Region (2020, 2024 & 2031) & ($ millions)
 Table 3. Major Players of Generator
 Table 4. Major Players of Nacelle
 Table 5. Major Players of Tower
 Table 6. Major Players of Rotor Blades
 Table 7. Major Players of Others
 Table 8. Global Wind Turbine Components Sales by Type (2020-2025) & (Units)
 Table 9. Global Wind Turbine Components Sales Market Share by Type (2020-2025)
 Table 10. Global Wind Turbine Components Revenue by Type (2020-2025) & ($ million)
 Table 11. Global Wind Turbine Components Revenue Market Share by Type (2020-2025)
 Table 12. Global Wind Turbine Components Sale Price by Type (2020-2025) & (USD/Unit)
 Table 13. Global Wind Turbine Components Sale by Application (2020-2025) & (Units)
 Table 14. Global Wind Turbine Components Sale Market Share by Application (2020-2025)
 Table 15. Global Wind Turbine Components Revenue by Application (2020-2025) & ($ million)
 Table 16. Global Wind Turbine Components Revenue Market Share by Application (2020-2025)
 Table 17. Global Wind Turbine Components Sale Price by Application (2020-2025) & (USD/Unit)
 Table 18. Global Wind Turbine Components Sales by Company (2020-2025) & (Units)
 Table 19. Global Wind Turbine Components Sales Market Share by Company (2020-2025)
 Table 20. Global Wind Turbine Components Revenue by Company (2020-2025) & ($ millions)
 Table 21. Global Wind Turbine Components Revenue Market Share by Company (2020-2025)
 Table 22. Global Wind Turbine Components Sale Price by Company (2020-2025) & (USD/Unit)
 Table 23. Key Manufacturers Wind Turbine Components Producing Area Distribution and Sales Area
 Table 24. Players Wind Turbine Components Products Offered
 Table 25. Wind Turbine Components Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
 Table 26. New Products and Potential Entrants
 Table 27. Market M&A Activity & Strategy
 Table 28. Global Wind Turbine Components Sales by Geographic Region (2020-2025) & (Units)
 Table 29. Global Wind Turbine Components Sales Market Share Geographic Region (2020-2025)
 Table 30. Global Wind Turbine Components Revenue by Geographic Region (2020-2025) & ($ millions)
 Table 31. Global Wind Turbine Components Revenue Market Share by Geographic Region (2020-2025)
 Table 32. Global Wind Turbine Components Sales by Country/Region (2020-2025) & (Units)
 Table 33. Global Wind Turbine Components Sales Market Share by Country/Region (2020-2025)
 Table 34. Global Wind Turbine Components Revenue by Country/Region (2020-2025) & ($ millions)
 Table 35. Global Wind Turbine Components Revenue Market Share by Country/Region (2020-2025)
 Table 36. Americas Wind Turbine Components Sales by Country (2020-2025) & (Units)
 Table 37. Americas Wind Turbine Components Sales Market Share by Country (2020-2025)
 Table 38. Americas Wind Turbine Components Revenue by Country (2020-2025) & ($ millions)
 Table 39. Americas Wind Turbine Components Sales by Type (2020-2025) & (Units)
 Table 40. Americas Wind Turbine Components Sales by Application (2020-2025) & (Units)
 Table 41. APAC Wind Turbine Components Sales by Region (2020-2025) & (Units)
 Table 42. APAC Wind Turbine Components Sales Market Share by Region (2020-2025)
 Table 43. APAC Wind Turbine Components Revenue by Region (2020-2025) & ($ millions)
 Table 44. APAC Wind Turbine Components Sales by Type (2020-2025) & (Units)
 Table 45. APAC Wind Turbine Components Sales by Application (2020-2025) & (Units)
 Table 46. Europe Wind Turbine Components Sales by Country (2020-2025) & (Units)
 Table 47. Europe Wind Turbine Components Revenue by Country (2020-2025) & ($ millions)
 Table 48. Europe Wind Turbine Components Sales by Type (2020-2025) & (Units)
 Table 49. Europe Wind Turbine Components Sales by Application (2020-2025) & (Units)
 Table 50. Middle East & Africa Wind Turbine Components Sales by Country (2020-2025) & (Units)
 Table 51. Middle East & Africa Wind Turbine Components Revenue Market Share by Country (2020-2025)
 Table 52. Middle East & Africa Wind Turbine Components Sales by Type (2020-2025) & (Units)
 Table 53. Middle East & Africa Wind Turbine Components Sales by Application (2020-2025) & (Units)
 Table 54. Key Market Drivers & Growth Opportunities of Wind Turbine Components
 Table 55. Key Market Challenges & Risks of Wind Turbine Components
 Table 56. Key Industry Trends of Wind Turbine Components
 Table 57. Wind Turbine Components Raw Material
 Table 58. Key Suppliers of Raw Materials
 Table 59. Wind Turbine Components Distributors List
 Table 60. Wind Turbine Components Customer List
 Table 61. Global Wind Turbine Components Sales Forecast by Region (2026-2031) & (Units)
 Table 62. Global Wind Turbine Components Revenue Forecast by Region (2026-2031) & ($ millions)
 Table 63. Americas Wind Turbine Components Sales Forecast by Country (2026-2031) & (Units)
 Table 64. Americas Wind Turbine Components Annual Revenue Forecast by Country (2026-2031) & ($ millions)
 Table 65. APAC Wind Turbine Components Sales Forecast by Region (2026-2031) & (Units)
 Table 66. APAC Wind Turbine Components Annual Revenue Forecast by Region (2026-2031) & ($ millions)
 Table 67. Europe Wind Turbine Components Sales Forecast by Country (2026-2031) & (Units)
 Table 68. Europe Wind Turbine Components Revenue Forecast by Country (2026-2031) & ($ millions)
 Table 69. Middle East & Africa Wind Turbine Components Sales Forecast by Country (2026-2031) & (Units)
 Table 70. Middle East & Africa Wind Turbine Components Revenue Forecast by Country (2026-2031) & ($ millions)
 Table 71. Global Wind Turbine Components Sales Forecast by Type (2026-2031) & (Units)
 Table 72. Global Wind Turbine Components Revenue Forecast by Type (2026-2031) & ($ millions)
 Table 73. Global Wind Turbine Components Sales Forecast by Application (2026-2031) & (Units)
 Table 74. Global Wind Turbine Components Revenue Forecast by Application (2026-2031) & ($ millions)
 Table 75. GE Renewable Energy Basic Information, Wind Turbine Components Manufacturing Base, Sales Area and Its Competitors
 Table 76. GE Renewable Energy Wind Turbine Components Product Portfolios and Specifications
 Table 77. GE Renewable Energy Wind Turbine Components Sales (Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 78. GE Renewable Energy Main Business
 Table 79. GE Renewable Energy Latest Developments
 Table 80. Goldwind Basic Information, Wind Turbine Components Manufacturing Base, Sales Area and Its Competitors
 Table 81. Goldwind Wind Turbine Components Product Portfolios and Specifications
 Table 82. Goldwind Wind Turbine Components Sales (Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 83. Goldwind Main Business
 Table 84. Goldwind Latest Developments
 Table 85. Siemens Basic Information, Wind Turbine Components Manufacturing Base, Sales Area and Its Competitors
 Table 86. Siemens Wind Turbine Components Product Portfolios and Specifications
 Table 87. Siemens Wind Turbine Components Sales (Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 88. Siemens Main Business
 Table 89. Siemens Latest Developments
 Table 90. Suzlon Basic Information, Wind Turbine Components Manufacturing Base, Sales Area and Its Competitors
 Table 91. Suzlon Wind Turbine Components Product Portfolios and Specifications
 Table 92. Suzlon Wind Turbine Components Sales (Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 93. Suzlon Main Business
 Table 94. Suzlon Latest Developments
 Table 95. Vestas Basic Information, Wind Turbine Components Manufacturing Base, Sales Area and Its Competitors
 Table 96. Vestas Wind Turbine Components Product Portfolios and Specifications
 Table 97. Vestas Wind Turbine Components Sales (Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 98. Vestas Main Business
 Table 99. Vestas Latest Developments
 Table 100. Enercon Basic Information, Wind Turbine Components Manufacturing Base, Sales Area and Its Competitors
 Table 101. Enercon Wind Turbine Components Product Portfolios and Specifications
 Table 102. Enercon Wind Turbine Components Sales (Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 103. Enercon Main Business
 Table 104. Enercon Latest Developments
 Table 105. Siemens(Gamesa) Basic Information, Wind Turbine Components Manufacturing Base, Sales Area and Its Competitors
 Table 106. Siemens(Gamesa) Wind Turbine Components Product Portfolios and Specifications
 Table 107. Siemens(Gamesa) Wind Turbine Components Sales (Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 108. Siemens(Gamesa) Main Business
 Table 109. Siemens(Gamesa) Latest Developments
 Table 110. LM Wind Power Basic Information, Wind Turbine Components Manufacturing Base, Sales Area and Its Competitors
 Table 111. LM Wind Power Wind Turbine Components Product Portfolios and Specifications
 Table 112. LM Wind Power Wind Turbine Components Sales (Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 113. LM Wind Power Main Business
 Table 114. LM Wind Power Latest Developments
 Table 115. MFG Basic Information, Wind Turbine Components Manufacturing Base, Sales Area and Its Competitors
 Table 116. MFG Wind Turbine Components Product Portfolios and Specifications
 Table 117. MFG Wind Turbine Components Sales (Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 118. MFG Main Business
 Table 119. MFG Latest Developments
 Table 120. Nordex Basic Information, Wind Turbine Components Manufacturing Base, Sales Area and Its Competitors
 Table 121. Nordex Wind Turbine Components Product Portfolios and Specifications
 Table 122. Nordex Wind Turbine Components Sales (Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 123. Nordex Main Business
 Table 124. Nordex Latest Developments
 Table 125. Senvion Basic Information, Wind Turbine Components Manufacturing Base, Sales Area and Its Competitors
 Table 126. Senvion Wind Turbine Components Product Portfolios and Specifications
 Table 127. Senvion Wind Turbine Components Sales (Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 128. Senvion Main Business
 Table 129. Senvion Latest Developments
 Table 130. TPI Basic Information, Wind Turbine Components Manufacturing Base, Sales Area and Its Competitors
 Table 131. TPI Wind Turbine Components Product Portfolios and Specifications
 Table 132. TPI Wind Turbine Components Sales (Units), Revenue ($ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 133. TPI Main Business
 Table 134. TPI Latest Developments


List of Figures
 Figure 1. Picture of Wind Turbine Components
 Figure 2. Wind Turbine Components Report Years Considered
 Figure 3. Research Objectives
 Figure 4. Research Methodology
 Figure 5. Research Process and Data Source
 Figure 6. Global Wind Turbine Components Sales Growth Rate 2020-2031 (Units)
 Figure 7. Global Wind Turbine Components Revenue Growth Rate 2020-2031 ($ millions)
 Figure 8. Wind Turbine Components Sales by Geographic Region (2020, 2024 & 2031) & ($ millions)
 Figure 9. Wind Turbine Components Sales Market Share by Country/Region (2024)
 Figure 10. Wind Turbine Components Sales Market Share by Country/Region (2020, 2024 & 2031)
 Figure 11. Product Picture of Generator
 Figure 12. Product Picture of Nacelle
 Figure 13. Product Picture of Tower
 Figure 14. Product Picture of Rotor Blades
 Figure 15. Product Picture of Others
 Figure 16. Global Wind Turbine Components Sales Market Share by Type in 2025
 Figure 17. Global Wind Turbine Components Revenue Market Share by Type (2020-2025)
 Figure 18. Wind Turbine Components Consumed in Offshore Wind Energy
 Figure 19. Global Wind Turbine Components Market: Offshore Wind Energy (2020-2025) & (Units)
 Figure 20. Wind Turbine Components Consumed in Onshore Wind Energy
 Figure 21. Global Wind Turbine Components Market: Onshore Wind Energy (2020-2025) & (Units)
 Figure 22. Global Wind Turbine Components Sale Market Share by Application (2024)
 Figure 23. Global Wind Turbine Components Revenue Market Share by Application in 2025
 Figure 24. Wind Turbine Components Sales by Company in 2025 (Units)
 Figure 25. Global Wind Turbine Components Sales Market Share by Company in 2025
 Figure 26. Wind Turbine Components Revenue by Company in 2025 ($ millions)
 Figure 27. Global Wind Turbine Components Revenue Market Share by Company in 2025
 Figure 28. Global Wind Turbine Components Sales Market Share by Geographic Region (2020-2025)
 Figure 29. Global Wind Turbine Components Revenue Market Share by Geographic Region in 2025
 Figure 30. Americas Wind Turbine Components Sales 2020-2025 (Units)
 Figure 31. Americas Wind Turbine Components Revenue 2020-2025 ($ millions)
 Figure 32. APAC Wind Turbine Components Sales 2020-2025 (Units)
 Figure 33. APAC Wind Turbine Components Revenue 2020-2025 ($ millions)
 Figure 34. Europe Wind Turbine Components Sales 2020-2025 (Units)
 Figure 35. Europe Wind Turbine Components Revenue 2020-2025 ($ millions)
 Figure 36. Middle East & Africa Wind Turbine Components Sales 2020-2025 (Units)
 Figure 37. Middle East & Africa Wind Turbine Components Revenue 2020-2025 ($ millions)
 Figure 38. Americas Wind Turbine Components Sales Market Share by Country in 2025
 Figure 39. Americas Wind Turbine Components Revenue Market Share by Country (2020-2025)
 Figure 40. Americas Wind Turbine Components Sales Market Share by Type (2020-2025)
 Figure 41. Americas Wind Turbine Components Sales Market Share by Application (2020-2025)
 Figure 42. United States Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 43. Canada Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 44. Mexico Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 45. Brazil Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 46. APAC Wind Turbine Components Sales Market Share by Region in 2025
 Figure 47. APAC Wind Turbine Components Revenue Market Share by Region (2020-2025)
 Figure 48. APAC Wind Turbine Components Sales Market Share by Type (2020-2025)
 Figure 49. APAC Wind Turbine Components Sales Market Share by Application (2020-2025)
 Figure 50. China Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 51. Japan Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 52. South Korea Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 53. Southeast Asia Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 54. India Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 55. Australia Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 56. China Taiwan Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 57. Europe Wind Turbine Components Sales Market Share by Country in 2025
 Figure 58. Europe Wind Turbine Components Revenue Market Share by Country (2020-2025)
 Figure 59. Europe Wind Turbine Components Sales Market Share by Type (2020-2025)
 Figure 60. Europe Wind Turbine Components Sales Market Share by Application (2020-2025)
 Figure 61. Germany Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 62. France Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 63. UK Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 64. Italy Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 65. Russia Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 66. Middle East & Africa Wind Turbine Components Sales Market Share by Country (2020-2025)
 Figure 67. Middle East & Africa Wind Turbine Components Sales Market Share by Type (2020-2025)
 Figure 68. Middle East & Africa Wind Turbine Components Sales Market Share by Application (2020-2025)
 Figure 69. Egypt Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 70. South Africa Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 71. Israel Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 72. Turkey Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 73. GCC Countries Wind Turbine Components Revenue Growth 2020-2025 ($ millions)
 Figure 74. Manufacturing Cost Structure Analysis of Wind Turbine Components in 2025
 Figure 75. Manufacturing Process Analysis of Wind Turbine Components
 Figure 76. Industry Chain Structure of Wind Turbine Components
 Figure 77. Channels of Distribution
 Figure 78. Global Wind Turbine Components Sales Market Forecast by Region (2026-2031)
 Figure 79. Global Wind Turbine Components Revenue Market Share Forecast by Region (2026-2031)
 Figure 80. Global Wind Turbine Components Sales Market Share Forecast by Type (2026-2031)
 Figure 81. Global Wind Turbine Components Revenue Market Share Forecast by Type (2026-2031)
 Figure 82. Global Wind Turbine Components Sales Market Share Forecast by Application (2026-2031)
 Figure 83. Global Wind Turbine Components Revenue Market Share Forecast by Application (2026-2031)

Companies Mentioned

GE Renewable Energy

Goldwind

Siemens

Suzlon

Vestas

Enercon

Siemens(Gamesa)

LM Wind Power

MFG

Nordex

Senvion

TPI

Methodology

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

Data Sourse

Primary Source

Secondary Source

Players/Suppliers

Journals and Periodicals

Industry Experts

Government Bodies

Distributors/Traders

Annual Reports

Opinion Leaders

Presentations

Front-line Staff