Europe Large Wind TurbineCompanies (2024 - 2029)

Europe Large Wind Turbine Market Companies Summary

The European large wind turbine industry is characterized by a semi-fragmented market structure, with several key players contributing to the market growth. These businesses have been instrumental in driving the expansion of wind power projects, backed by favorable government policies. However, the increasing adoption of alternative sources of clean power generation, such as natural gas and solar power, poses a challenge to these firms. Despite this, the development of offshore wind energy projects is anticipated to generate significant opportunities for these enterprises during the forecast period. In the onshore wind energy sector, companies have been focusing on technological advancements to maximize electricity production per installed megawatt capacity and to cover sites with lower wind speeds. In addition, these firms have been constructing larger wind turbines with taller hub heights, broader diameters, and larger blades. A project announced in Sweden involving three major companies exemplifies the collaborative efforts within the industry to boost renewable energy production. Furthermore, the strict government regulations to reduce carbon emissions and phase out conventional power systems are expected to drive the market, benefiting these corporations.