Global Wind Turbines Market is Estimated to Reach $136 Billion by 2025
Global report published by Accurize Market Research forecast that the global market is expected to reach $136 billion by 2025; growing at a CAGR of 7.2% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
The decrease in the cost of wind energy, and rising demand for renewable energy along with the growing part of renewable in power generation across the globe to drive the growth of the market
The decrease in the cost of wind energy, and the rising demand for renewable energy along with the growing part of renewable in power generation fuel the demand for the global wind turbines market. Furthermore, government support and supervision for wind energy projects in several countries also boosts the growth of the market.
The global wind turbines market has been bifurcated on the basis of type, application, and geography. By type, the segmentation is given as onshore and offshore. Further, industrial, commercial and residential are covered under the application segment. By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
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