Boston, MA -- (SBWIRE) -- 03/21/2016 -- Wind turbines harness the power of the wind to generate electricity. The energy present in the wind turns the blades around a rotor, which is connected to the main shaft that spins a generator to create electricity. Conventional power generation is gradually losing its sheen owing to growing environmental awareness. Renewable energy such as the wind and solar have gained popularity worldwide. Technavio's analysts forecast the global wind turbine components market to grow at a CAGR of 12% during the period 2016-2020. Get More Details on this Report and a Full Table of Contents at Global Wind Turbine Components Market 2016-2020 Covered in this report The report covers the present scenario and the growth prospects of the global wind turbine components market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market. The vendors included in the report are component manufacturers and suppliers. The market is divided into the following segments based on geography: -Americas -APAC -EMEA Technavio's report, Global Wind Turbine Components Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors -GE Renewable Energy -Goldwind -Siemens -Suzlon -Vestas Other prominent vendors -Enercon -Gamesa -LM wind power -MFG -Nordex -Senvion SE -TPI Market driver -Expansion in offshore wind installations -For a full, detailed list, view our report Market challenge -High failure rate of wind turbine components -For a full, detailed list, view our report Market trend -Increased R&D -For a full, detailed list, view our report Key questions answered in this report -What will the market size be in 2020 and what will the growth rate be? -What are the key market trends? -What is driving this market? -What are the challenges to market growth? -Who are the key vendors in this market space? -What are the market opportunities and threats faced by the key vendors? -What are the strengths and weaknesses of the key vendors? You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report. Companies Mentioned in this Report: GE Renewable Energy, Goldwind, Siemens, Suzlon, Vestas, Enercon, Gamesa, LM wind power, MFG, Nordex, Senvion SE, TPI About Fast Market Research Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.