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The global wind turbine components market to grow at a CAGR of 7.5% during 2021-2026.
BriefingWire.com, 6/14/2021 - According to the latest report by IMARC Group, titled âWind Turbine Components Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026â, the global wind turbine components market to grow at a CAGR of 7.5% during 2021-2026.
Wind turbine components are widely adopted to convert kinetic energy that is generated from the wind into electrical energy. They primarily include an anemometer, brake, multiple rotating blades, controller, generator, and gearbox, along with a drive train, nacelle, Supervisory Control and Data Acquisition (SCADA) systems, power transformer, etc. Wind turbine components are manufactured by using raw materials, such as fiberglass, resin, stainless steel, iron, copper, aluminum, plastic, etc. These materials are used for weathering and corrosion protection material
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The global wind turbine components market grew at a CAGR of around 6% during 2014-2019. Looking forward, the global wind turbine components market to continue its moderate growth during the next five years.
Wind turbine components refer to the devices used for converting kinetic energy generated from the wind to electric energy. It consists of an anemometer to measure the speed of the wind and transmit the data, multiple blades to rotate and cause the rotor to spin, a brake to stop the rotor mechanically, electrically or hydraulically, a controller to start up and shut off the machine, a generator and a gearbox.