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South America Wind Turbine Components Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Rotor Blade, Nacelle, Gearbox, Generator, Tower, and Pitch System)   

February 2023 | 131 pages | ID: S1B5C4E1A468EN
The Insight Partners

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The South America wind turbine components market is expected to grow from US$ 9,580.40 million in 2022 to US$ 11,386.29 million by 2028. It is estimated to grow at a CAGR of 2.9% from 2022 to 2028.

Rising Number of Wind Farms is fueling the growth of South America

There is an increase in demand for a clean energy source as it eliminates greenhouse gases, reduces dependence on imported fuels, and diversifies the energy supply. This is fueling government investments in the construction of wind farms across the region. To achieve the target of Net Zero Emissions by 2050, significant investments are made for the new construction and expansion of wind farms. As the investment in wind farms is rising, the demand for various wind turbine components such as rotor blades, nacelle, gearbox, generator, tower, and pitch system is also increasing, catalyzing the growth of South America wind turbine components market .

South America Wind Turbine Components Market Overview

The South America region is segmented into Brazil, Argentina, and the Rest of South America. Economies in South America have progressed at a faster rate on average than the economies of developed countries in the last 15 years. However, they still lag in terms of technological advancements. The lack of skilled labor, decreasing productivity, and high dependency on exports are some of the major constraints faced by economies in South America. However, factors such as supportive government policies and increased efforts to meet the growing power demand using clean energy sources are expected to drive the market over the projected period. For instance, in April 2022, Bunge signed a seven-year agreement with Pampa Energнa to use wind-generated renewable electricity at its plants in Campana, Ramallo, San Jerуnimo Sud, and at TFA in Puerto General San Martin, in Argentina. The agreement considers a future expansion of Parque de la Bahia, which will start to generate wind power in March 2023.

South America Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

South America Wind Turbine Components Market Segmentation
The South America wind turbine components market is segmented into component and country.

Based on component, the South America wind turbine components market is segmented into rotor blade, nacelle, gearbox, generator, tower, and pitch system. The tower segment registered the largest market share in 2022.

Based on country, the South America wind turbine components market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the market share in 2022.

Flender International GmbH, GRI Renewable Industries SL, LM Wind Power AS, Siemens Gamesa Renewable Energy SA, The Timken Company, TPI Composites Inc, Valmont Industries Inc, Vestas Wind Systems AS, and ZF Friedrichshafen AG are the leading companies operating in the South America wind turbine components market.
1. INTRODUCTION

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. KEY TAKEAWAYS


3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. SAM WIND TURBINE COMPONENTS MARKET LANDSCAPE

4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. SAM WIND TURBINE COMPONENTS MARKET - KEY MARKET DYNAMICS

5.1 Market Drivers
5.1.1 Increasing Number of Product Launches
5.1.2 Rising Number of Wind Farms
5.2 Market Restraints
5.2.1 Overdependence on Wind Turbine Component Manufacturers
5.3 Market Opportunities
5.3.1 Growing Government Initiatives to Promote Wind Energy
5.4 Future Trends
5.4.1 Rising Demand for Floating Wind Technology
5.5 Impact Analysis of Drivers and Restraints

6. WIND TURBINE COMPONENTS MARKET – SAM MARKET ANALYSIS

6.1 SAM Wind Turbine Components Market Overview
6.2 SAM Wind Turbine Components Market Forecast and Analysis

7. SAM WIND TURBINE COMPONENTS MARKET REVENUE AND FORECAST TO 2028 – COMPONENT

7.1 Overview
7.2 SAM Wind Turbine Components Market, By Component (2021 & 2028)
7.3 Rotor Blade
7.3.1 Overview
7.3.2 Rotor Blade: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.3.3 Below 40m
7.3.3.1 Overview
7.3.3.2 Below 40m: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.3.4m to 60m
7.3.4.1 Overview
7.3.4.2m to 60m: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.3.5m to 70m
7.3.5.1 Overview
7.3.5.2m to 70m: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.3.6 Above 70m
7.3.6.1 Overview
7.3.6.2 Above 70m: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.4 Nacelle
7.4.1 Overview
7.4.2 Nacelle: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.5 Gearbox
7.5.1 Overview
7.5.2 Gearbox: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.5.3 Planetary Gearbox
7.5.3.1 Overview
7.5.3.2 Planetary Gearbox: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.5.4 Spur Gearbox
7.5.4.1 Overview
7.5.4.2 Spur Gearbox: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.5.5 Others
7.5.5.1 Overview
7.5.5.2 Others: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.6 Generator
7.6.1 Overview
7.6.2 Generator: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.6.3 Direct Current
7.6.3.1 Overview
7.6.3.2 Direct Current: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.6.4 AC Synchronous
7.6.4.1 Overview
7.6.4.2 AC Synchronous: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.7 Tower
7.7.1 Overview
7.7.2 Tower: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.7.3 Tubular Steel Towers
7.7.3.1 Overview
7.7.3.2 Tubular Steel Towers: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.7.4 Lattice Towers
7.7.4.1 Overview
7.7.4.2 Lattice Towers: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.7.5 Hybrid Towers
7.7.5.1 Overview
7.7.5.2 Hybrid Towers: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
7.8 Pitch System
7.8.1 Overview
7.8.2 Pitch System: Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)

8. SAM WIND TURBINE COMPONENTS MARKET – COUNTRY ANALYSIS

8.1 Overview
8.1.1 SAM: Wind Turbine Components Market, by Key Country
8.1.1.1 Brazil: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.1.1 Brazil: Wind Turbine Components Market, by Component
8.1.1.1.1.1 Brazil: Wind Turbine Components Market, by Rotor Blades
8.1.1.1.1.2 Brazil: Wind Turbine Components Market, by Gearbox
8.1.1.1.1.3 Brazil: Wind Turbine Components Market, by Generator
8.1.1.1.1.4 Brazil: Wind Turbine Components Market, by Tower
8.1.1.2 Argentina: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.2.1 Argentina: Wind Turbine Components Market, by Component
8.1.1.2.1.1 Argentina: Wind Turbine Components Market, by Rotor Blades
8.1.1.2.1.2 Argentina: Wind Turbine Components Market, by Gearbox
8.1.1.2.1.3 Argentina: Wind Turbine Components Market, by Generator
8.1.1.2.1.4 Argentina: Wind Turbine Components Market, by Tower
8.1.1.3 Rest of SAM: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
8.1.1.3.1 Rest of SAM: Wind Turbine Components Market, by Component
8.1.1.3.1.1 Rest of SAM: Wind Turbine Components Market, by Rotor Blades
8.1.1.3.1.2 Rest of SAM: Wind Turbine Components Market, by Gearbox
8.1.1.3.1.3 Rest of SAM: Wind Turbine Components Market, by Generator
8.1.1.3.1.4 Rest of SAM: Wind Turbine Components Market, by Tower

9. INDUSTRY LANDSCAPE

9.1 Overview
9.2 Market Initiative
9.3 New Product Development
9.4 Merger and Acquisition

10. COMPANY PROFILES

10.1 Siemens Gamesa Renewable Energy SA
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Vestas Wind Systems AS
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 TPI Composites Inc
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 GRI Renewable Industries SL
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Valmont Industries Inc
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 LM Wind Power AS
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 The Timken Company
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 ZF Friedrichshafen AG
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 Flender International GmbH
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments

11. APPENDIX

11.1 About The Insight Partners
11.2 Glossary
LIST OF TABLES
Table 1. SAM Wind Turbine Components Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. Brazil: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 10. Argentina: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 11. Argentina: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of SAM: Wind Turbine Components Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of SAM: Wind Turbine Components Market, by Rotor Blades– Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of SAM: Wind Turbine Components Market, by Gearbox– Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of SAM: Wind Turbine Components Market, by Generator– Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of SAM: Wind Turbine Components Market, by Tower– Revenue and Forecast to 2028 (US$ Million)
Table 17. Glossary of Terms, SAM Wind Turbine Components Market

LIST OF FIGURES
Figure 1. SAM Wind Turbine Components Market Segmentation
Figure 2. SAM Wind Turbine Components Market Segmentation – by Country
Figure 3. SAM Wind Turbine Components Market Overview
Figure 4. SAM Wind Turbine Components Market, by Component
Figure 5. SAM Wind Turbine Components Market, by Country
Figure 6. South America: PEST Analysis
Figure 7. Wind Turbine Components Market– Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. SAM Wind Turbine Components Market: Impact Analysis of Drivers and Restraints
Figure 10. SAM Wind Turbine Components Market, Forecast and Analysis (US$ Mn)
Figure 11. SAM Wind Turbine Components Market, By Component (2021 & 2028)
Figure 12. Rotor Blade: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Below 40m: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 14.m to 60m: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 15.m to 70m: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Above 70m: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Nacelle: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Gearbox: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Planetary Gearbox: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Spur Gearbox: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Generator: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Direct Current: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. AC Synchronous: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Tower: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Tubular Steel Towers: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Lattice Towers: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Hybrid Towers: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Pitch System: SAM Wind Turbine Components Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. SAM: Wind Turbine Components Market, by Key Country – Revenue (2021) (US$ Million)
Figure 31. SAM: Wind Turbine Components Market Revenue Share, by Key Country (2021 & 2028)
Figure 32. Brazil: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Argentina: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of SAM: Wind Turbine Components Market – Revenue and Forecast to 2028 (US$ Million)


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