Asia Pacific Wind Turbine Market Share is set to witness substantial growth on account of rising demand supply mismatch across various developing nation coupled with the surge in population index. Growing installation of clean energy systems with increasing investments towards the replacement of traditional power generation stations will enhance the product installation. In addition, favorable tax incentive measures by policy makers will lead to downfall in component prices which turn will further propel the industry growth over the forecast timeline

Horizontal axis wind turbine demand in Asia Pacific is expected to witness significant growth on account of high efficiency index along with economical cost structure. Enhanced operational efficiency coupled with self-start ability as compared to its counterparts will stimulate technology adoption over the forecast period. Capability of vertical wind turbines to effectively produce power in unpredictable and extreme conditions across residential establishments will further augment the industry size. Easy installation, low maintenance cost and ease of operations are some of the crucial parameters which will boost the product demand over the forecast period.

Soaring government incentives to encourage renewable technology adoption including net metering and feed in tariff in line with minimal installation cost will positively impact the grid connected wind turbines industry. Constant expansion of service based electrical infrastructure to suffice increasing energy utilization across industrial and residential sectors will further complement the industry dynamics. In addition, promising regulatory measures to improve rural electrification index coupled with growing integration of off grid and microgrid power networks will fuel the business growth of Asia Pacific wind turbine market.

>2 MW rating will witness significant gains on account of rising deployment of distributed energy resources coupled with increasing efforts toward the extraction of unexploited wind energy potential. Minimum moving parts, compact size and lowered emissions are some of the prime factors driving the industry growth.

Rapid urbanization along with the soaring in electricity usage will lead propel the product installation across residential premises. Several government efforts to boost the share of clean energy in total electricity generation across various industrial division will stimulate the business growth over the forecast years.

The India wind turbine market is anticipated to witness significant growth on account of declining component prices along with increasing domestic production coupled with favorable government regulations. Furthermore, growing awareness about climate change along with shifting trend toward sustainable technologies will further enhance the business growth of. For instance, according to Ministry of New & Renewable Energy (MNRE) installed capacity of wind turbine has witnessed a growth over 55% from 2014 to 2018.

Key players operating across the market comprises Siemens, Gamesa, Nordex, Enercon, Vestas, United Power, MHI-Vestas, Suzlon, Acciona, Envision Energy, General Electric, Goldwin and Senvion amongst others