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NEW YORK, July 12, 2021 /PRNewswire/ Rise in wind energy consumption and the decline in LCOE of wind power generation will further boost market growth during the forecast period, says a senior analyst at Technavio. Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment. Impact of COVID-19 The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. COVID-19 will have At Par impact on the wind turbine generator market. The wind turbine generator market in the heavy electrical equipment industry is expected to grow by USD 7.22 billion, progressing at a CAGR of almost 4% during 2020-2024, as per the new report from Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

United statesUnited kingdomJesse maidaGroup coSuzlon energy ltdSinovel wind group coBora energyTechnavio researchEnergy groupTurbine generator marketHeavy electrical equipment industryVendor analysisSinovel wind groupVestas wind systemWind turbine generator marketTopics covered