| Product Code: ETC8854816 | Publication Date: Sep 2024 | Updated Date: Sep 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The wind turbine market in the Philippines is growing steadily, fueled by government support for renewable energy and the countryâs rich wind potential. Offshore and island-based installations offer unique growth opportunities, although investment and infrastructure gaps remain.
The overall wind turbine market is poised for growth, driven by government incentives for renewable energy and private sector participation. Challenges include regulatory bottlenecks and limited local manufacturing, but international partnerships and climate goals are pushing forward project development, especially in Luzon and Visayas regions.
The overall wind turbine market struggles with policy uncertainty, limited grid infrastructure to integrate renewable energy, and financing difficulties for large-scale projects. Local manufacturing capacity is underdeveloped, and supply chain inefficiencies add to cost and time overruns.
The overall wind turbine market in the Philippines is poised for rapid growth, driven by government renewable energy targets and private sector investments. Investors can capitalize on manufacturing, assembly, installation, and service opportunities, with an emphasis on cost efficiency and technological adaptation to local wind profiles.
The overall wind turbine market is heavily shaped by the Renewable Energy Act of 2008 and its implementing rules, which provide fiscal incentives, feed-in tariffs, and renewable portfolio standards. The DOE coordinates policy execution, supporting infrastructure development, local industry growth, and environmental compliance. These policies create a favorable investment climate for wind energy projects.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Wind Turbine Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Wind Turbine Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Wind Turbine Market - Industry Life Cycle |
3.4 Philippines Wind Turbine Market - Porter's Five Forces |
3.5 Philippines Wind Turbine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Wind Turbine Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.7 Philippines Wind Turbine Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.8 Philippines Wind Turbine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Wind Turbine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government policies and incentives promoting renewable energy sources. |
4.2.2 Increasing focus on reducing carbon emissions and achieving sustainability goals. |
4.2.3 Growing awareness about the benefits of wind energy in terms of cost-effectiveness and environmental impact. |
4.3 Market Restraints |
4.3.1 High initial investment costs for setting up wind turbine projects. |
4.3.2 Limited grid infrastructure and transmission capacity in certain regions. |
4.3.3 Challenges in obtaining necessary permits and approvals for wind energy projects. |
5 Philippines Wind Turbine Market Trends |
6 Philippines Wind Turbine Market, By Types |
6.1 Philippines Wind Turbine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Wind Turbine Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Wind Turbine Market Revenues & Volume, By Horizontal, 2021- 2031F |
6.1.4 Philippines Wind Turbine Market Revenues & Volume, By Vertical, 2021- 2031F |
6.2 Philippines Wind Turbine Market, By Installation |
6.2.1 Overview and Analysis |
6.2.2 Philippines Wind Turbine Market Revenues & Volume, By Onshore, 2021- 2031F |
6.2.3 Philippines Wind Turbine Market Revenues & Volume, By Offshore, 2021- 2031F |
6.3 Philippines Wind Turbine Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 Philippines Wind Turbine Market Revenues & Volume, By Rotator Blade, 2021- 2031F |
6.3.3 Philippines Wind Turbine Market Revenues & Volume, By Gearbox, 2021- 2031F |
6.3.4 Philippines Wind Turbine Market Revenues & Volume, By Generator, 2021- 2031F |
6.3.5 Philippines Wind Turbine Market Revenues & Volume, By Nacelle, 2021- 2031F |
6.3.6 Philippines Wind Turbine Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Philippines Wind Turbine Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Philippines Wind Turbine Market Revenues & Volume, By Industrial, 2021- 2031F |
6.4.3 Philippines Wind Turbine Market Revenues & Volume, By Commercial, 2021- 2031F |
6.4.4 Philippines Wind Turbine Market Revenues & Volume, By Residential, 2021- 2031F |
6.4.5 Philippines Wind Turbine Market Revenues & Volume, By Utility, 2021- 2031F |
7 Philippines Wind Turbine Market Import-Export Trade Statistics |
7.1 Philippines Wind Turbine Market Export to Major Countries |
7.2 Philippines Wind Turbine Market Imports from Major Countries |
8 Philippines Wind Turbine Market Key Performance Indicators |
8.1 Capacity factor: Measures the actual output of wind turbines compared to their maximum potential output. |
8.2 Levelized cost of energy (LCOE): Indicates the long-term cost of generating electricity from wind turbines. |
8.3 Wind penetration level: Reflects the percentage of total electricity demand met by wind power in the grid. |
8.4 Capacity utilization factor (CUF): Shows the actual energy output of wind turbines over a period compared to their maximum potential output. |
8.5 Wind resource assessment accuracy: Evaluates the precision of forecasting wind resources for optimal project planning. |
9 Philippines Wind Turbine Market - Opportunity Assessment |
9.1 Philippines Wind Turbine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Wind Turbine Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.3 Philippines Wind Turbine Market Opportunity Assessment, By Component, 2021 & 2031F |
9.4 Philippines Wind Turbine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Wind Turbine Market - Competitive Landscape |
10.1 Philippines Wind Turbine Market Revenue Share, By Companies, 2024 |
10.2 Philippines Wind Turbine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |