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Global Wind Turbine Nacelle Market 2017-2021

Global Wind Turbine Nacelle Market 2017-2021

About Wind Turbine Nacelle

A nacelle is a cover that houses wind turbine components such as gearbox, generator, shaft, and other components. With increasing size of turbine, the cover size of the nacelle has also increased, leading to transportation issues including costs. Typically, nacelles are heavy in weight. This is needed to protect the turbine components from high wind speeds and extreme weather conditions. Innovations in nacelle designs include lightweight, easy to transport, and cost-effective nacelle manufacturing.

Technavio’s analysts forecast the global wind turbine nacelle market to grow at a CAGR of 6.72% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global wind turbine nacelle market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Wind Turbine Nacelle 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 vendors
  • Siemens Gamesa
  • General Electric
  • Molded Fiber Glass Companies
  • Suzlon Energy
  • Vestas
Other prominent vendors
  • AREVA WIND
  • AVANTIS Energy Group
  • Bora Energy
  • DeWind
  • ENERCON
  • EWT
  • GBT Composites Technology
  • Xinjiang Goldwind Science & Technology
  • Hexcel
  • indutch composites technology
  • Inoxwind
  • Kemrock Industries And Exports
  • Leitner
  • NORDEX
  • ReGen Powertech
  • SR Fibreglass Auto
  • Wind World (India)
Market driver
  • Increase in rotor diameter
  • For a full, detailed list, view our report
Market challenge
  • Upcoming wind power technologies
  • For a full, detailed list, view our report
Market trend
  • Rise in offshore wind installations
  • 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Wind Turbine Nacelle Market 2017-2021

Technavio recognizes the following companies as the key players in the global wind turbine nacelle market: Siemens Gamesa, General Electric, Molded Fiber Glass Companies, Suzlon Energy, and Vestas.

Other Prominent Vendors in the market are: AREVA WIND, AVANTIS Energy Group, Bora Energy, DeWind, ENERCON, EWT, GBT Composites Technology, Xinjiang Goldwind Science & Technology, Hexcel, indutch composites technology, Inoxwind, Kemrock Industries And Exports, Leitner, NORDEX, ReGen Powertech, SR Fibreglass Auto, and Wind World (India).

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rise in offshore wind installations. Offshore wind energy plants have been present in small numbers until now. However, countries worldwide are investing in installing more offshore wind farms. Offshore wind farms present some inherent difficulties such as higher cost of installation, complexity, and costly maintenance operations. According to the GWEC, the global offshore installed wind capacity has steadily increased from 883 MW in 2006 to 14,384 MW in 2016. In 2016, Europe accounted for the most number of offshore installations, out of which the UK contributed 5,156 MW and Germany 4,108 MW.”

According to the report, one of the major drivers for this market is Increase in rotor diameter. Wind energy is highly dependent on wind speeds. The swept area of the rotor determines the maximum energy that can be harnessed by a wind turbine. Technological advances and enhancements in blade design are the main factors leading to the increase in wind turbine output and capacity. Increasing the tower height facilitates in capturing higher wind speeds and increasing power generation. By doubling the rotor size or diameter, the power output is increased by four-fold. Increasing the rotor diameter demands a taller wind tower, which also requires building wind turbine nacelles of such metallurgy that can withstand higher wind speeds and that are lighter and strong. This will give a boost to the development of nacelles with new and advanced materials.

Further, the report states that one of the major factors hindering the growth of this market is Upcoming wind power technologies. Traditionally, a wind turbine comprises a wind tower upon which sits the rotor, blades, and generator to generate electricity from wind turbines. Wind speeds are not consistent across all the areas, which has led to the installation of taller wind towers. This is because at greater heights, wind blows more consistently at high speeds, thereby increasing the power output. Increasing the height of wind turbines will also add to the upfront cost, which is already a barrier in wind power generation.

Companies Mentioned

Siemens Gamesa, General Electric, Molded Fiber Glass Companies, Suzlon Energy, Vestas, AREVA WIND, AVANTIS Energy Group, Bora Energy, DeWind, ENERCON, EWT, GBT Composites Technology, Xinjiang Goldwind Science & Technology, Hexcel, indutch composites technology, Inoxwind, Kemrock Industries And Exports, Leitner, NORDEX, ReGen Powertech, SR Fibreglass Auto, and Wind World (India).

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
    • Wind turbine components
      • Table Wind turbine components
    • Wind turbine nacelle
  • Market landscape
    • Market overview
      • Table Global wind turbine nacelle market: Segmentation
    • Market size and forecast
      • Table Global wind turbine nacelle market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global wind turbine nacelle market by application
      • Table Global wind turbine nacelle market by application 2016 and 2021 (%)
      • Table Global wind turbine nacelle market by application 2016-2021 ($ billions)
    • Global wind turbine nacelle market by onshore
      • Table Global wind turbine nacelle market by onshore 2016-2021 ($ billions)
      • Table Country-wise onshore wind power LCOE in 2016 ($/kWh)
      • Table Onshore wind installations in top five countries as of 2016 (MW)
    • Global wind turbine nacelle market by offshore
      • Table Global wind turbine nacelle market by offshore 2016-2021 ($ billions)
      • Table Levelized cost comparison of onshore and offshore wind generation ($ per MWh)
  • Geographical segmentation
    • Global wind turbine nacelle market by geography
      • Table Global wind turbine nacelle market by geography 2016 and 2021 (%)
      • Table Global wind turbine nacelle market by geography 2016-2021 ($ billions)
    • Wind turbine nacelle market in APAC
      • Table Wind turbine nacelle market in APAC 2016-2021 ($ billions)
      • Table Cumulative installed wind power capacity in India 2010-2016 (MW)
    • Wind turbine nacelle market in EMEA
      • Table Wind turbine nacelle market in EMEA 2016-2021 ($ billions)
      • Table Cumulative installed wind power capacity in Germany 2010-2016 (MW)
    • Wind turbine nacelle market in the Americas
      • Table Wind turbine nacelle market in the Americas 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Annual wind energy production by rotor diameter, turbine size, and hub height
      • Table Evolution of wind turbine size 1980-2011
      • Table Global wind energy generation trend 2008-2015 (TWh)
      • Table Country-wise wind power installation figures for 2016 (MW)
      • Table New wind installation targets by 2020 (%)
    • Market challenges
      • Table Structural comparison between an AWES and a traditional wind turbine
      • Table Onshore and offshore wind generation cost comparison 2016 ($ per MWh)
  • Market trends
    • Rise in offshore wind installations
      • Table Global cumulative offshore wind capacity 2011-2016 (MW)
    • Decline in LCOE for wind power generation
    • Rise in investments in renewable energy
      • Table Indexed investment in renewable energy 2006-2016 (%)
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Siemens Gamesa
      • Table Siemens Gamesa: Key news
    • General Electric
      • Table General Electric: Key wind turbine products
      • Table General Electric: Key news
    • Molded Fiber Glass Companies
      • Table Molded Fiber Glass Companies: Market segmentation
      • Table Molded Fiber Glass Companies: Key products
    • Suzlon Energy
      • Table Suzlon Energy: Business segments
      • Table Suzlon Energy: Key wind turbine products
      • Table Suzlon Energy: Key news
    • Vestas
      • Table Vestas: Key wind turbine products
      • Table Vestas: Key news
  • Appendix
    • List of abbreviations
  • Explore Technavio

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