Dublin, April 05, 2019 (GLOBE NEWSWIRE) -- The "Global Onshore Wind Power Systems Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The onshore wind power systems market will register CAGR of about 6% by 2023.

The cost of generating onshore wind power is comparable to the cost of generating power from fossil fuels in many parts of the world. The decline in the LCOE has made wind-based power a reliable option for electricity generation for both utilities that are seeking to generate power from dean sources of energy as well as for consumers. Therefore, the increase in the number of wind turbine installations across the world is driving the growth of the global onshore wind power systems market.

The growing electricity demand along with rising awareness of the need to reduce the carbon footprint in electricity generation is encouraging more countries to adopt wind energy, including onshore wind energy. Thus, the declining LCOE of wind power systems will increase the demand for additional onshore wind turbine installations, leading to the gradual growth of the global onshore wind power systems market.

Regulations pertaining to clean energy

Many countries are gradually moving toward renewable energy such as wind energy to achieve their carbon emission targets and to reduce their dependence on fossil fuels. Many end-users prefer alternative forms of energy and are slowly minimizing the amount of power generated from fossil fuels. These factors will significantly increase new wind farm installations and thus contribute to the growth of the global onshore wind power systems market.

Competition from alternative sources of energy

The growing dependence on alternative sources of energy such as solar and hydro, which is a challenge for the growth of the wind industry, which, in turn, will adversely affect the growth of the global onshore wind power systems market.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY TECHNOLOGY

  • Comparison by technology
  • Wind turbine - Market size and forecast 2018-2023
  • T&D - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by technology

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

  • Technological developments in onshore wind energy
  • Growing R&D activities for the development of AWES
  • Rising investments in renewables

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • General Electric
  • Nexans
  • Siemens Gamesa Renewable Energy
  • Vestas
  • Xinjiang Goldwind Science & Technology Co

For more information about this report visit https://www.researchandmarkets.com/r/lrdec9

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Related Topics: Wind Power