Trends Shaping the Wind Turbine Industry
The Wind Turbine Market, valued at US$ 81.55 billion in 2022, is poised for significant growth. With a projected CAGR of 6.7%, it's expected to reach US$ 121.35 billion by 2028. Asia-Pacific emerges as the largest market, with the highest anticipated growth. Key trends driving this industry include advancements in turbine technology, such as larger and more efficient turbines, and increased focus on offshore wind farms. As the world shifts towards renewable energy, wind power plays a pivotal role in meeting sustainability goals.