Market Size of Asia-Pacific Large Wind Turbine Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Large Wind Turbine Market Analysis
The Asia-Pacific large wind turbine market is projected to register a CAGR greater than 3.5% during the forecast period.
The market was negatively impacted by COVID-19. Presently, the market has reached pre-pandemic levels.
Over the medium period, government policies promoting the development of renewables and increasing investment in wind power projects are expected to drive the market studied during the forecast period.
On the other hand, the increasing adoption of other alternative clean power sources, such as natural gas and solar energy, is expected to hinder the market studied.
The declining cost of wind energy and supportive government policies for the future are expected to create good market opportunities in the future.
China is expected to dominate the Asia-Pacific large wind turbine market in the forecast period since the majority of wind projects are from this country.
