Report Overview

Middle East and Africa Wind Turbine Components Market - Industry Trends & Forecast Report, 2030

Middle East and Africa Wind Turbine Components Market size was estimated to be worth USD 1.78 billion in 2023. During the forecast period between 2024 and 2030, the Middle East and Africa Wind Turbine Components Market size is projected to grow at a CAGR of 5.11%, reaching USD 2.56 billion by 2030. Major growth factors for the Middle East and Africa Wind Turbine Components Market include increasing energy demand and rising investment in the renewable energy sector. Furthermore, technological advancements and innovations in wind turbine components are anticipated to present lucrative growth opportunities to the Middle East and Africa wind turbine components market during the forecast period.

Wind Turbine Components – Overview

A wind turbine is a piece of machinery used in wind power plants that uses the aerodynamic force of its rotor blades—which function similarly to an airplane wing or a helicopter rotor blade—to convert wind energy into electrical power. A wind turbine has numerous smaller pieces in addition to five larger ones. The foundation, tower, nacelle, generator, rotor, hub (with three blades), and other parts are the essential parts.

Middle East and Africa Wind Turbine Components Market

Growth Drivers

Launch of Wind Energy Projects

The MEA region, particularly Middle Eastern countries, has been significantly investing in the wind energy sector for economic diversification and infrastructural development of the country. Therefore, governments as well as private players are launching various wind energy sector projects for the construction of wind farms, which is anticipated to drive the wind turbine components during the forecast period. Saudi Arabia, for instance, launched a first full-scale wind project that is made of 99 wind turbines, each purportedly able to provide up to 70,000 houses in the kingdom with power.

Challenges

High Upfront Investment Costs

The wind energy sector proves to be cost efficient to end-user sectors and countries in the long run. However, the high upfront cost of the wind turbine components proves to be a major barrier for the wind energy sector, particularly in the underdeveloped and lower-income MEA countries, such as Congo and Rwanda. Electric generator, for instance, is the most expensive wind turbine component and may cost around USD 120,000. In addition, the total cost of the rotor for ordinary wind turbines ranges from USD 500,000 to well over USD 1 million for bigger versions. Such exorbitant cost may limit the growth of the Middle East and Africa wind turbine components market.

Middle East and Africa Wind Turbine Components Market

Segmental Coverage

Middle East and Africa Wind Turbine Components Market – By Component

Based on component, the Middle East and Africa Wind Turbine Components Market is segmented into rotor blades, nacelles, towers, gearboxes, control systems, generators, and others. The rotor blades segment accounts for the highest market share. The most important and frequently stressed part of any wind turbine is its rotor blades. They are responsible for absorbing wind energy and transforming it into a circular motion centered around a hub.

Middle East and Africa Wind Turbine Components Market – By Installation Services

Based on installation services, the Middle East and Africa Wind Turbine Components Market are segmented into onshore and offshore. The onshore segment holds a larger share in the Middle East and Africa Wind Turbine Components Market. Growth in the onshore wind energy industry is largely as its potential exceeds the region's overall energy demand, especially in the Middle Eastern nations. Additionally, compared to offshore, onshore provides less expensive infrastructure and operating costs, accelerating the market expansion.

Middle East and Africa Wind Turbine Components Market – By Application

Based on application, the Middle East and Africa Wind Turbine Components Market is segmented into residential, utilities, industrial, and commercial. The industrial segment accounts for the highest market share. The use of wind energy grants government subsidies to industries as well as helps them achieve ‘green business’ targets in the market. Furthermore, adopting wind energy also allows businesses to stabilize their energy costs and supplies. However, the residential segment is expected to register a high growth rate during the forecast period.

Middle East and Africa Wind Turbine Components Market – By Country

The in-depth research report on the Middle East and Africa Wind Turbine Components Market covers the regional market in a number of major countries, including Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and rest of MEA. Saudi Arabia dominates the Middle East and Africa Wind Turbine Components Market owing to the high investments in the wind energy sector. The Kingdom has been substantially launching various wind projects, such as the 700 MW Yanbu Wind Farm in Al Madinah, the 600 MW Al-Ghat Wind Farm in Riyadh, and the 500 MW Waad Al Shamal Wind Farm in the Northern Borders region. These projects are anticipated to directly boost the demand for wind turbine components in the Kingdom.

Competitive Landscape

Major players operating in the Middle East and Africa Wind Turbine Components Market include Siemens Gamesa Renewable Energy, Vestas Wind Systems, General Electric (GE) Renewable Energy, Nordex Group, Suzlon Energy Limited, Senvion GmbH, Envision Energy, Goldwind, Ming Yang Smart Energy, and Dongfang Electric Corporation.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In October 2023 – Mondi, a packaging and paper group based in the United Kingdom, and NKE, a bearings manufacturer for wind, railway, and industrial applications, formed the partnership to provide innovative packaging for wind turbine components.

Scope of the Report

By Component

• Rotor Blades

• Nacelle

• Tower

• Gearbox

• Control Systems

• Generators

• Others

By Installation Service

• Onshore

• Offshore

By End User

• Wind Farm Developers

• Original Equipment Manufacturers (OEMs)

By Application

• Residential

• Utilities

• Industrial

• Commercial

By Country

• Saudi Arabia

• UAE

• Qatar

• Kuwait

• South Africa

• Nigeria

• Algeria

• Rest of MEA

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Middle East and Africa Wind Turbine Components Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Driver
         1. Growing Demand for Clean Energy
         2. Supportive Government Policies
         3. Rising Power Demand
         4. Technological Advancements
      2. Restraints
         1. High Upfront Investment Costs
         2. Limited Grid Infrastructure
         3. Competition from Traditional Energy Sources
         4. Political and Economic Instability
      3. Opportunities
         1. Development in Remote Areas
         2. Regional Cooperation
         3. Integration with Other Renewables
         4. Focus on Local Manufacturing
      4. Challenges
         1. Securing Financing
         2. Skilled Workforce Shortage
         3. Social Acceptance
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Middle East and Africa Wind Turbine Components Market: Marketing Strategies
5. Middle East and Africa Wind Turbine Components Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share and Forecast
      1. By Components
         1. Rotor Blades
         2. Nacelle
         3. Tower
         4. Gearbox
         5. Control Systems
         6. Generators
         7. Others
      2. By Installation Services
         1. Onshore
         2. Offshore
      3. By End User
         1. Wind Farm Developers
         2. Original Equipment Manufacturers (OEMs)
      4. By Application
         1. Residential
         2. Utility
         3. Industrial
         4. Commercial
      5. By Country
         1. Saudi Arabia
         2. UAE
         3. Qatar
         4. Kuwait
         5. South Africa
         6. Nigeria
         7. Algeria
         8. Rest of MEA
6. Saudi Arabia Wind Turbine Components Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Components
      2. By Installation Services
      3. By End User
      4. By Application
7. UAE Wind Turbine Components Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Components
      2. By Installation Services
      3. By End User
      4. By Application
8. Qatar Wind Turbine Components Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Components
      2. By Installation Services
      3. By End User
      4. By Application
9. Kuwait Wind Turbine Components Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Components
      2. By Installation Services
      3. By End User
      4. By Application
10. South Africa Wind Turbine Components Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Components
       2. By Installation Services
       3. By End User
       4. By Application
11. Nigeria Wind Turbine Components Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Components
       2. By Installation Services
       3. By End User
       4. By Application
12. Algeria Wind Turbine Components Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Components
       2. By Installation Services
       3. By End User
       4. By Application
13. Rest of MEA Wind Turbine Components Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Components
       2. By Installation Services
       3. By End User
       4. By Application
14. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Middle East and Africa Wind Turbine Components Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
15. Impact of Escalating Geopolitical Tensions on Middle East and Africa Wind Turbine Components Market
16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Siemens Gamesa Renewable Energy
    2. Vestas Wind Systems
    3. General Electric (GE) Renewable Energy
    4. Nordex Group
    5. Suzlon Energy Limited
    6. Senvion GmbH
    7. Envision Energy
    8. Goldwind
    9. Ming Yang Smart Energy
    10. Dongfang Electric Corporation
    11. Other Prominent Players
17. Key Strategic Recommendations
18. Research Methodology
    1.    Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       Middle East and Africa Wind Turbine Components Market Segmentation

Figure 2       Middle East and Africa Wind Turbine Components Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Middle East and Africa Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Figure 5       Middle East and Africa Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Figure 6       Middle East and Africa Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Figure 7       Middle East and Africa Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Figure 8       Middle East and Africa Wind Turbine Components Market Share, By Application, By Value, 2019–2030

Figure 9       Middle East and Africa Wind Turbine Components Market Share, By Country, By Value, 2019–2030

Figure 10     Saudi Arabia Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Figure 11     Saudi Arabia Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Figure 12     Saudi Arabia Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Figure 13     Saudi Arabia Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Figure 14     Saudi Arabia Wind Turbine Components Market Share, By Application, By Value, 2019–2030

Figure 15     UAE Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Figure 16     UAE Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Figure 17     UAE Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Figure 18     UAE Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Figure 19     UAE Wind Turbine Components Market Share, By Application, By Value, 2019–2030

Figure 20     Qatar Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Figure 21     Qatar Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Figure 22     Qatar Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Figure 23     Qatar Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Figure 24     Qatar Wind Turbine Components Market Share, By Application, By Value, 2019–2030

Figure 25     Kuwait Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Figure 26     Kuwait Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Figure 27     Kuwait Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Figure 28     Kuwait Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Figure 29     Kuwait Wind Turbine Components Market Share, By Application, By Value, 2019–2030

Figure 30     South Africa Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Figure 31     South Africa Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Figure 32     South Africa Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Figure 33     South Africa Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Figure 34     South Africa Wind Turbine Components Market Share, By Application, By Value, 2019–2030

Figure 35     Nigeria Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Figure 36     Nigeria Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Figure 37     Nigeria Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Figure 38     Nigeria Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Figure 39     Nigeria Wind Turbine Components Market Share, By Application, By Value, 2019–2030

Figure 40     Algeria Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Figure 41     Algeria Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Figure 42     Algeria Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Figure 43     Algeria Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Figure 44     Algeria Wind Turbine Components Market Share, By Application, By Value, 2019–2030

Figure 45     Rest of MEA Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Figure 46     Rest of MEA Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Figure 47     Rest of MEA Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Figure 48     Rest of MEA Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Figure 49     Rest of MEA Wind Turbine Components Market Share, By Application, By Value, 2019–2030

List of Tables

Table 1 Middle East and Africa Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Table 2 Middle East and Africa Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Table 3 Middle East and Africa Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Table 4 Middle East and Africa Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Table 5 Middle East and Africa Wind Turbine Components Market Share, By Application, By Value, 2019–2030

Table 6 Middle East and Africa Wind Turbine Components Market Share, By Country, By Value, 2019–2030

Table 7 Saudi Arabia Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Table 8 Saudi Arabia Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Table 9 Saudi Arabia Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Table 10      Saudi Arabia Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Table 11      Saudi Arabia Wind Turbine Components Market Share, By Application, By Value, 2019–2030

Table 12      UAE Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Table 13      UAE Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Table 14      UAE Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Table 15      UAE Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Table 16      UAE Wind Turbine Components Market Share, By Application, By Value, 2019–2030

Table 17      Qatar Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Table 18      Qatar Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Table 19      Qatar Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Table 20      Qatar Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Table 21      Qatar Wind Turbine Components Market Share, By Application, By Value, 2019–2030

Table 22      Kuwait Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Table 23      Kuwait Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Table 24      Kuwait Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Table 25      Kuwait Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Table 26      Kuwait Wind Turbine Components Market Share, By Application, By Value, 2019–2030

Table 27      South Africa Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Table 28      South Africa Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Table 29      South Africa Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Table 30      South Africa Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Table 31      South Africa Wind Turbine Components Market Share, By Application, By Value, 2019–2030

Table 32      Nigeria Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Table 33      Nigeria Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Table 34      Nigeria Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Table 35      Nigeria Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Table 36      Nigeria Wind Turbine Components Market Share, By Application, By Value, 2019–2030

Table 37      Algeria Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Table 38      Algeria Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Table 39      Algeria Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Table 40      Algeria Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Table 41      Algeria Wind Turbine Components Market Share, By Application, By Value, 2019–2030

Table 42      Rest of MEA Wind Turbine Components Market Size, By Value (USD Billion), 2019–2030

Table 43      Rest of MEA Wind Turbine Components Market Share, By Components, By Value, 2019–2030

Table 44      Rest of MEA Wind Turbine Components Market Share, By Installation Services, By Value, 2019–2030

Table 45      Rest of MEA Wind Turbine Components Market Share, By End User, By Value, 2019–2030

Table 46      Rest of MEA Wind Turbine Components Market Share, By Application, By Value, 2019–2030

Table 47      Siemens Gamesa Renewable Energy Company Overview

Table 48      Siemens Gamesa Renewable Energy Company Overview

Table 49      Vestas Wind Systems Company Overview

Table 50      Vestas Wind Systems Company Overview

Table 51      General Electric (GE) Renewable Energy Company Overview

Table 52      General Electric (GE) Renewable Energy Company Overview

Table 53      Nordex Group Company Overview

Table 54      Nordex Group Company Overview

Table 55      Suzlon Energy Limited Company Overview

Table 56      Suzlon Energy Limited Company Overview

Table 57      Senvion GmbH Company Overview

Table 58      Senvion GmbH Company Overview

Table 59      Envision Energy Company Overview

Table 60      Envision Energy Company Overview

Table 61      Goldwind Company Overview

Table 62      Goldwind Company Overview

Table 63      Ming Yang Smart Energy Company Overview

Table 64      Ming Yang Smart Energy Company Overview

Table 65      Dongfang Electric Corporation Company Overview

Table 66      Dongfang Electric Corporation Company Overview

Table 67      Other Prominent Players Company Overview

Table 68      Other Prominent Players Company Overview