Market Size of Europe Large Wind Turbine Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.27 Billion |
| Market Size (2029) | USD 7.12 Billion |
| CAGR (2024 - 2029) | 10.77 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Large Wind Turbine Market Analysis
The Europe Large Wind Turbine Market size is estimated at USD 4.27 billion in 2024, and is expected to reach USD 7.12 billion by 2029, growing at a CAGR of 10.77% during the forecast period (2024-2029).
- Over the medium term, factors such as increasing investments in wind power projects and favorable government policies are anticipated to drive the Europe large wind turbine market during the forecast period.
- On the other hand, the growing adoption of alternate sources of clean power generation, mainly natural gas power and solar power is expected to hamper the demand for the Europe large wind turbine market during the forecast period.
- Nevertheless, the offoshore wind energy projects development are expected to create considerable opportunities for the Europe large wind turbine market during the forecast period.
- Germany is expected to dominate the large turbine wind market in recent years. It is expected to witness significant market growth in the forecast period due to the increasing wind energy projects coupled with the government's policies.
