Wind Conversion System Market Size, Share, Opportunities, And Trends By Turbine Type (Low Power, Medium Power, High Power), By Application (Generating Electricity, Pumping Water), By Axis (Horizontal, Vertical), And By Geography - Forecasts From 2025 To 2030

Description

Wind Conversion System Market Size:

The Wind Conversion System Market is expected to grow from USD 4.086 billion in 2025 to USD 5.608 billion in 2030, at a CAGR of 6.54%.

The process of generation of energy using the kinetic energy of wind through technology and infrastructure is known as a wind conversion system. Rotational energy is generated by making use of wind turbines to capture wind energy. This energy is then converted into electrical energy and stored in cells. 

Wind Conversion System Market Growth Drivers:

• The rising need to find renewable and clean sources of energy is a driving factor for the market growth of wind conversion systems.

According to reports from the International Energy Agency, the global final energy consumption increased to 418 EJ in 2019 from 194 EJ in 1973. This is an increase of almost 115.46%. Out of 418 EJ energy consumed in 2019, 40.4% (169.0 EJ) came from oil and 16.4% (68.4 EJ) came from natural gas. These are non-renewable sources of energy and are soon to be completely exhausted. Energy generation through renewable sources is increasing throughout the world. According to the International Energy Agency, 28% of global energy generation was from renewable sources including wind energy in 2021. IEA reports also show that wind energy as a source of renewable energy generation increased from 342.6 TWh in 2010 to 1870.3 TWh in 2020. It is estimated to reach 7932.5 TWh in 2027 by IEA’s Net Zero Scenario. Also, the amount of energy generated in 2021 from wind energy increased by almost 273 TWh. This was a 45% increase since 2020. Thus, this increase in finding new renewable and clean sources of energy will boost the growth of the wind conversion systems market.

• The constant rise in prices of energy generated using non-renewable sources will lead to the growth of this market

Gasoline is used as the primary source of energy generation throughout the world. It is burned to produce heat which powers a turbine used for energy generation. Since it is a non-renewable source of energy its price keeps on increasing. For example, according to IEA reports, gasoline prices in the U.S. was 0.8 USD per litre in January 2020 and 1.0 USD per litre in January 2022. Similarly, prices in Italy rose from 1.8 USD per litre in January 2020 to 2.0 USD per litre in January 2022. Prices in India rose from 1.1 USD per litre to 1.4 USD per litre between January 2020 and January 2022.

Wind Conversion System Market Geographical Outlook:

• Asia Pacific region shows maximum market growth potential for wind conversion systems.

According to the International Energy Agency, the share of renewable energy sources in the total supply of energy rose from 3.2% in 2010 to 5.2% in 2020. These sources include wind, solar, and hydro energy sources. Also, IEA reports show that, in 2020, wind and solar energy amounted to 4,474,057 TJ out of 146,516,255 TJ of total energy supply in China. Similarly, India, Japan, and Australia produced 516,549 TJ, 437,142 TJ, and 167,636 TJ of energy respectively from wind and solar sources. The Indian Wind Energy Association has estimated the country’s wind energy potential is 30+ GW. According to the reports by the Indian Ministry of New and Renewable Energy, the installed wind energy capacity in the country was 39.2 GW in 2021. According to IEA, the amount of wind and solar energy resources in the total energy supply of Japan increased from 143,969.0 TJ in 2010 to 471,820.0 TJ in 2021. According to the Australian Government, in 2021, out of the total electricity generated in the country, 29% was from renewable sources and 10% from wind energy sources. Wind energy is one of the main sources of power generation through renewable sources and meets around 7.1% of the total electricity demand of the country. According to the Wind Energy Association of New Zealand, the country has 17 wind farms, and the combined installed capacity of these farms is around 690 MW. Thus, these factors prove that the growth potential of wind conversion systems in the Asia Pacific region is very promising.

Segmentation:

• By Turbine Type
  • Low Power
  • Medium Power
  • High Power
• By Rotational Axis
  • Horizontal
  • Vertical
• By Component
  • Mechanical
    • Rotor
    • Main Shaft
    • Mechanical Break
    • Wind Measuring Equipment
    • Others
  • Electrical
    • Generator
    • Power Controller
    • Step Up Transformer
    • Others
• By Application
  • Generating Electricity
  • Pumping Water
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK 

5. WIND CONVERSION SYSTEM MARKET BY TURBINE TYPE

5.1. Introduction

5.2. Low Power

5.3. Medium Power

5.4. High Power

6. WIND CONVERSION SYSTEM MARKET BY ROTATIONAL AXIS

6.1. Introduction

6.2. Horizontal

6.3. Vertical

7. WIND CONVERSION SYSTEM MARKET BY COMPONENT 

7.1. Introduction

7.2. Mechanical

7.2.1. Rotor

7.2.2. Main Shaft

7.2.3. Mechanical Break

7.2.4. Wind Measuring Equipment 

7.2.5. Others

7.3. Electrical

7.3.1. Generator

7.3.2. Power Controller 

7.3.3. Step Up Transformer

7.3.4. Others

8. WIND CONVERSION SYSTEM MARKET BY APPLICATION

8.1. Introduction

8.2. Generating Electricity

8.3. Pumping Water

9. WIND CONVERSION SYSTEM MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. USA

9.2.2. Canada

9.2.3. Mexico

9.3. South America

9.3.1. Brazil 

9.3.2. Argentina

9.3.3. Others

9.4. Europe

9.4.1. United Kingdom

9.4.2. Germany

9.4.3. France

9.4.4. Spain

9.4.5. Others

9.5. Middle East & Africa

9.5.1. Saudi Arabia

9.5.2. UAE

9.5.3. Others

9.6. Asia Pacific

9.6.1. Japan

9.6.2. China

9.6.3. India

9.6.4. South Korea

9.6.5. Australia

9.6.6. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. General Electric

11.2. Danfoss

11.3. Ingeteam

11.4. Infeneon Technologies

11.5. Siemens

11.6. Vestas

11.7. Chiranjeevi Wind Energy Limited 

11.8. ReGen Powertech 

11.9. Wind World (India) Limited 

11.10. A.P. Moller Holding

11.11. Delta Electronics, Inc. 

12. APPENDIX

12.1. Currency 

12.2. Assumptions

12.3. Base and Forecast Years Timeline

12.4. Key benefits for the stakeholders

12.5. Research Methodology 

12.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

General Electric

Danfoss

Ingeteam

Infeneon Technologies

Siemens

Vestas

Chiranjeevi Wind Energy Limited 

ReGen Powertech 

Wind World (India) Limited 

A.P. Moller Holding

Delta Electronics, Inc. 

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