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:
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.
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).
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