Global Megawatt Wind Turbines Market Growth 2025-2031
Description
The global Megawatt Wind Turbines market size is predicted to grow from US$ 24180 million in 2025 to US$ 41320 million in 2031; it is expected to grow at a CAGR of 9.3% 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.
Megawatt wind turbines are wind energy systems typically equipped with large blades (with diameters exceeding 100 meters), efficient generators (such as permanent magnet direct-drive or doubly-fed generators), and advanced control systems (including pitch and yaw control) to capture wind energy and convert it into electricity. They are widely used in both onshore and offshore wind farms. The significance of megawatt-class turbines lies in their ability to increase the power output per unit area by enhancing individual turbine capacity, which reduces the number of turbines needed in a wind farm and, consequently, lowers construction and operation and maintenance costs, improving the overall economy of large-scale development. Their primary benefits include higher energy conversion efficiency (with modern megawatt-class turbines achieving capacity factors of up to 40%-50%), optimized land or sea area utilization efficiency; reduced infrastructure, grid connection, and maintenance costs, leading to a lower levelized cost of electricity (LCOE); and support for the integration of large-scale renewable energy into the grid, aiding in the achievement of carbon neutrality goals.
United States market for Megawatt Wind Turbines is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Megawatt Wind Turbines is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Megawatt Wind Turbines is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Megawatt Wind Turbines players cover Equinor, General Electric, Doosan Enerbility, MHI Vestas Offshore Wind, Siemens Gamesa, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Megawatt Wind Turbines Industry Forecast” looks at past sales and reviews total world Megawatt Wind Turbines sales in 2024, providing a comprehensive analysis by region and market sector of projected Megawatt Wind Turbines sales for 2025 through 2031. With Megawatt Wind Turbines sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Megawatt Wind Turbines industry.
This Insight Report provides a comprehensive analysis of the global Megawatt Wind Turbines 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 Megawatt Wind Turbines portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Megawatt Wind Turbines market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Megawatt Wind Turbines 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 Megawatt Wind Turbines.
This report presents a comprehensive overview, market shares, and growth opportunities of Megawatt Wind Turbines market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Below 19MW
Above 20MW
Segmentation by Application:
Onshore Wind Farm
Offshore Wind Farm
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.
Equinor
General Electric
Doosan Enerbility
MHI Vestas Offshore Wind
Siemens Gamesa
Shanghai Envision Group
Guangdong Mingyang Wind Power Industry
Beijing Goldwind Science & Technology
Dongfang Electric Wind Power
Hangzhou Windey Energy Technology Group
Hunan SANY Heavy Industry
Key Questions Addressed in this Report
What is the 10-year outlook for the global Megawatt Wind Turbines market?
What factors are driving Megawatt Wind Turbines market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Megawatt Wind Turbines market opportunities vary by end market size?
How does Megawatt Wind Turbines break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
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.
Megawatt wind turbines are wind energy systems typically equipped with large blades (with diameters exceeding 100 meters), efficient generators (such as permanent magnet direct-drive or doubly-fed generators), and advanced control systems (including pitch and yaw control) to capture wind energy and convert it into electricity. They are widely used in both onshore and offshore wind farms. The significance of megawatt-class turbines lies in their ability to increase the power output per unit area by enhancing individual turbine capacity, which reduces the number of turbines needed in a wind farm and, consequently, lowers construction and operation and maintenance costs, improving the overall economy of large-scale development. Their primary benefits include higher energy conversion efficiency (with modern megawatt-class turbines achieving capacity factors of up to 40%-50%), optimized land or sea area utilization efficiency; reduced infrastructure, grid connection, and maintenance costs, leading to a lower levelized cost of electricity (LCOE); and support for the integration of large-scale renewable energy into the grid, aiding in the achievement of carbon neutrality goals.
United States market for Megawatt Wind Turbines is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Megawatt Wind Turbines is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Megawatt Wind Turbines is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Megawatt Wind Turbines players cover Equinor, General Electric, Doosan Enerbility, MHI Vestas Offshore Wind, Siemens Gamesa, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Megawatt Wind Turbines Industry Forecast” looks at past sales and reviews total world Megawatt Wind Turbines sales in 2024, providing a comprehensive analysis by region and market sector of projected Megawatt Wind Turbines sales for 2025 through 2031. With Megawatt Wind Turbines sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Megawatt Wind Turbines industry.
This Insight Report provides a comprehensive analysis of the global Megawatt Wind Turbines 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 Megawatt Wind Turbines portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Megawatt Wind Turbines market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Megawatt Wind Turbines 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 Megawatt Wind Turbines.
This report presents a comprehensive overview, market shares, and growth opportunities of Megawatt Wind Turbines market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Below 19MW
Above 20MW
Segmentation by Application:
Onshore Wind Farm
Offshore Wind Farm
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.
Equinor
General Electric
Doosan Enerbility
MHI Vestas Offshore Wind
Siemens Gamesa
Shanghai Envision Group
Guangdong Mingyang Wind Power Industry
Beijing Goldwind Science & Technology
Dongfang Electric Wind Power
Hangzhou Windey Energy Technology Group
Hunan SANY Heavy Industry
Key Questions Addressed in this Report
What is the 10-year outlook for the global Megawatt Wind Turbines market?
What factors are driving Megawatt Wind Turbines market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Megawatt Wind Turbines market opportunities vary by end market size?
How does Megawatt Wind Turbines break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
110 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Transformer for AI Data Centers by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Transformer for AI Data Centers by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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