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Wind Turbines Market to Reach $116.6 Billion by 2027, Unveils Latest BCC Research Study

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Discover the intricate world of Wind Turbines as we unravel the complexities surrounding their cutting-edge Technologies, Applications, and the ever-evolving Global Markets. Explore the forefront of sustainable energy in this insightful exploration of wind turbine advancements.

BOSTON, Feb. 23, 2024 /PRNewswire/ — “According to the latest BCC Research study, the demand for Wind Turbines: Technologies, Applications and Global Markets is estimated to increase from $85.3 billion in 2022 to reach $116.6 billion by 2027, at a compound annual growth rate (CAGR) of 6.5% from 2022 through 2027.”

 

This comprehensive report navigates through the intricate landscape of wind turbines, analyzing diverse factors such as turbine types, installation methods, grid connectivity, end-use applications, capacity ratings, and regional market developments. Notably, the study delves into major markets like the U.S., China, Germany, and others, offering a lucid exploration of lucrative opportunities. Presented in a user-friendly format, the report utilizes tables and figures to illustrate historical, current, and future market scenarios. It meticulously covers leading companies, including product types and financial insights, and extends its reach to encompass a list of other global and regional market players. Investors will find valuable insights in the patent analysis dedicated to the wind turbines market. Moreover, the report addresses the profound impacts of COVID-19 and the Russia–Ukraine war on global and regional markets. With 2021 as the base year, estimated values for 2022, and forecasts spanning 2022 to 2027, all market figures are expressed in millions of dollars, while market shares and CAGRs are provided in percentages.

Wind energy, harnessed through wind turbines, plays a pivotal role in electricity generation by utilizing the wind’s power to turn turbine blades attached to a rotor, subsequently spinning a generator and producing electricity. The Global Wind Energy Council (GWEC) envisions wind energy systems contributing 20% to the global electricity demand by 2030. Wind turbines come in various sizes, from small turbines generating 100 kW suitable for home use to large turbines reaching heights of 240 meters and producing 4.8 to 9.5 MW of power. Researchers at the National Renewable Energy Laboratory (NREL) are exploring sustainable practices by developing wind turbine blades using a thermoplastic resin system, enabling recyclability and reducing energy consumption in manufacturing. Despite environmental impacts associated with materials and fossil fuel use, wind energy is recognized for its potential to significantly reduce carbon emissions. With a projected 20% contribution to global electricity production by 2030, the wind energy sector is bolstered by increasing investments, favorable regulations, and growing consumer awareness, emphasizing the future role of offshore wind turbines, including the promising technology of floating wind turbines.

Explore the comprehensive insights and strategic implications of this groundbreaking research. Click here Learn More.

Key Drivers of Wind Turbines: Technologies, Applications and Global Markets

Growing Demand for Renewable Power Sources Propels the Market for Wind Turbines: The increasing global population and economic expansion have amplified the demand for electricity, fostering a necessity for more sustainable power options. Wind energy, as one of the most abundant and clean renewable sources, offers a solution to reduce greenhouse gas emissions and diminish reliance on fossil fuels. Wind turbines efficiently harness the kinetic energy of the wind, converting it into electricity applicable across residential, commercial, industrial, and grid-connected sectors. Additionally, wind energy contributes to energy security, rural development, and environmental benefits.

Supportive Government Regulations & Policies for Wind Energy are Fueling the Market Growth: Governments worldwide are recognizing the potential of wind energy and responding with a range of policies and regulations to support its development and deployment. These initiatives encompass feed-in tariffs, auctions, tax incentives, renewable portfolio standards, carbon pricing, and grid access policies. The objective is to establish a conducive market environment for wind energy by offering financial incentives, mitigating risks, ensuring fair competition, and facilitating integration.

Increasing Demand for Electricity Fuels Market Growth: With the global demand for electricity projected to surge by 80% by 2030, driven by urbanization, industrialization, electrification, and digitalization, wind energy emerges as a pivotal solution. Beyond providing a reliable, affordable, and sustainable electricity source, wind energy is well-suited to meet peak demand, aligning with periods of high electricity consumption like winter and summer. Additionally, wind energy can collaborate with other renewables, such as solar and hydro, creating a diversified and resilient energy mix.

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Report Synopsis 

Report Metrics

Details

Base Year Considered

2021

Forecast Period considered

2022-2027

Base Year Market Size

$81.4 billion

Market Size Forecast

$116.0 billion

Growth Rate

CAGR of 6.4% for the forecast period of 2022-2027

Segment Covered

turbine types, installations type, grid connectivity, end use, capacity rating, end user, and region

Regions Covered

North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW)

Countries Covered

United States, Canada, Mexico, France, Turkey, Denmark, U.K., Netherlands, Sweden Germany, China, Japan, Australia, India, and Vietnam

Key Market Drivers

•  Growing Demand for Renewable Power Sources Propels the Market for Wind Turbines.

•  Supportive Government Regulations & Policies for Wind Energy are Fueling the Market Growth.

•  Increasing Demand for Electricity Fuels Market Growth.

 

Wind Turbines Technologies, Applications and Global Markets Segmentation:

Turbine Types Segmentation

Within this report, the global wind turbine market undergoes segmentation based on turbine type, distinguishing between horizontal-axis turbines and vertical-axis turbines. The former rotates on an axis parallel to the ground, requiring a yaw mechanism for wind direction alignment. Major components include blades, hub, gearbox, generator, tower, nacelle, and yaw control. Notably complex and costlier due to a top-placed gearbox and generator, horizontal-axis turbines offer intricate design. In contrast, vertical-axis turbines feature an axis perpendicular to the air stream, with a simpler and more cost-effective design placing the gearbox and generator at the base. While vertical-axis turbines have a lower power coefficient and require a starting mechanism, both turbine types present distinct advantages and disadvantages in design, construction, and operational features for effective wind energy harnessing.

Installation Types Segmentation

This segment meticulously divides the global wind turbine market into onshore and offshore segments, where the underlying technology for electricity generation remains fundamentally similar. The distinction lies in their positioning, size, scale, and the transmission of electricity, accompanied by variations in installation costs and supply chain restrictions. The strategic selection of wind farm installation sites hinges upon the mean or average wind speed of the area, with the rated wind speed set at 1.4 times the annual speed for turbine design. Areas with an annual wind speed of 5 m/s or more are deemed suitable for wind turbine installation, considering factors such as land topography, geology, grid structure and distance, and turbine size.

Grid Connectivity Segmentation

This segment introduces a segmentation of the wind turbine market based on connectivity, distinguishing between on-grid and off-grid segments. The on-grid segment is anticipated to dominate the global market during the forecast period, driven by the ongoing deployment of wind turbines connected to the grid. However, the off-grid segment is poised for rapid growth, propelled by increasing investments in off-grid wind projects. Off-grid connectivity emerges as a crucial alternative in locations where connecting to the grid is impractical due to factors like distance or cost. Serving as a reliable backup in areas with inconsistent power utility supply, off-grid wind power offers the significant advantage of independence from the electric grid. It proves to be a valuable solution in locations where utility service is unfeasible or cost prohibitive.

End Users Segmentation

Within this report, the wind turbine market undergoes segmentation based on end use, categorizing into independent power producers, investor-owned utilities, public power utilities, and rural electric cooperatives. Notably, the public power utilities and investor-owned utilities segments collectively command approximately three-quarters of the market share. Independent Power Producers (IPPs), distinct from public utilities, play a significant role by owning facilities for electric power generation, selling their output to utilities and end-users. IPPs, acting as entities responsible for the development and operation of power plants, along with independent marketers engaged in buying and selling power predominantly produced by others, contribute dynamically to the landscape of wind energy utilization.

Capacity Rating Segmentation

This Segment on the wind turbine market employs a segmentation based on rating, classifying turbines into below 2 MW, 2 MW to 4 MW, and above 4 MW categories. The surge in wind energy installations since 2000 can be attributed to substantial investments in research and development along with supportive government policies. Technological advancements and scalability have led to cost reductions and increased capacity factors. Notably, between 2010 and 2020, the global weighted average levelized cost of electricity (LCOE) for onshore wind plummeted by 56%, reaching $0.039/kWh. The report highlights the evolution of turbine capacity, emphasizing the shift from 1985’s typical 0.05 MW turbines to 2022’s onshore installations boasting 3 to 4 MW ratings and offshore turbines ranging from 8 to 12 MW. The increasing height of turbine towers, larger rotor diameters, and the deployment of higher-rated turbines globally contribute to the enhanced efficiency of wind projects, reflecting the industry’s continuous evolution.

End-Use Sector Segmentation

Within the confines of this report, the wind turbine market is methodically segmented by end-user categories, encompassing residential, industrial, commercial, and utility segments. Foreseeing a sustained dominance, the utility segment is poised to maintain its leading position globally, attributed to the escalating number of wind projects specifically catering to utilities. Notably, Independent Power Producers (IPPs) play a pivotal role by producing wind energy and entering into long-term agreements to sell it to utilities. The power generated undergoes transmission through the utilities’ grid, subsequently supplying industrial and commercial users. This strategic interplay between IPPs and utilities underscores the dynamic ecosystem within the wind energy landscape.

By Region Segmentation

Wind energy emerges as a pivotal force in advancing global clean energy initiatives, with both onshore and offshore wind projects poised for substantial growth. The success of wind turbine installations hinges on strategic site selection, considering factors such as wind speed, meteorological patterns, and terrain. Leading economies, including the U.S., European Union, the United Kingdom, China, and India, underscore their commitment to transitioning away from coal dependency toward green energy deployment. This shift is facilitated by government support, aligning efforts to implement green technologies worldwide. The momentum away from fossil fuel consumption aligns with ambitious climate goals, facilitated by declining renewable energy costs, stringent emission regulations, enhanced energy security, and improved universal energy access. Despite a dip in wind capacity installations in 2020 due to the COVID-19 pandemic, major economies like the U.K., Germany, France, Sweden, and the Netherlands are anticipated to drive the wind turbines market, reflecting a global push towards renewable energy adoption. Government subsidies and wind energy targets continue to drive investments, particularly in the onshore wind energy industry, with Europe standing out as a major hub for onshore wind development. Global wind power capacity reached 837 GW by the end of 2021, with China, the U.S., Germany, India, and Spain accounting for 72% of installations. The industry’s recovery is evident, with new installations and investments expected to surge, demonstrating the resilience and future potential of the wind energy sector.

This report on Wind Turbines Technologies, Applications and Global Markets provides comprehensive insights and analysis, addressing the following key questions:

What is the projected market size and growth rate of the wind turbine market? 
The wind turbines market is projected to grow from $81.4 billion in 2021 to $116.0 billion in 2027 at a compound annual growth rate (CAGR) of 6.4% during the forecast period.What are the key factors driving the growth of the wind turbine market? Growing demand for renewable power sources.Supportive government regulations & policies for wind energy.Increasing demand for electricity.Increasing investment in wind energy projects.What segments are covered in the wind turbine market?
The wind turbine market is segmented based on turbine type, Installation, grid connectivity, end-use, capacity rating, end-user, and region.By turbine type, which segment will dominate the market by the end of 2027?
Horizontal-axis turbine segment will dominate the market by the end of 2027.Which region has the highest market share in the wind turbine market?
Asia-Pacific holds the highest share of the global market.

Some of the Key Market Players Are:

 Vestas Wind Systems A/S Goldwind Siemens Gamesa Envision Energy USA Limited General Electric Mingyang Smart Energy Group Co., Ltd. Nordex SE Seawind Ocean Technology Holding B.V. Sany Renewable Energy Co., Ltd. ENERCON GmbH.

Browse More Related Reports:

The Global Market for Distributed Energy Generation: The report provides a comprehensive analysis of various distributed energy generation technologies, including reciprocating engines, small hydropower, solar PV, small combustion turbines, small wind, fuel cells, and microturbines. A detailed examination of market trends, opportunities, and dynamics within each technology segment is presented. The study encompasses a global perspective, analyzing both domestic and international factors influencing the industry, such as technological advancements, economic conditions, and regulatory frameworks. The report delves into the technical and commercial aspects of distributed energy generation, discussing regional policies, regulatory frameworks, and the Environmental, Social, and Governance (ESG) scenario for ensuring environmental sustainability. Additionally, the analysis extends to regional and country-wise markets, forecasting market segments from 2023 to 2028. The competitive landscape is explored, highlighting key market players and regional participants. Notably, the market values encompass the costs of distributed generation equipment by category (e.g., microturbines, reciprocating engines) for new and replacement systems. However, appurtenances, installation costs, and engineering/design expenses are excluded from the market values. The currency used throughout the report is USD, with conversion rates provided for companies reporting revenues in other currencies.

Global Markets for Transformers: This comprehensive report delves into the analysis of various transformer attributes, including types, capacity ratings, phases, insulation types, mounting locations, and end-use industries, providing a detailed examination of market development globally and regionally. Major countries such as the U.S., China, Germany, India, and others are spotlighted for their lucrative transformer opportunities. The report adopts a user-friendly format, incorporating tables and figures to illustrate historical, current, and future market scenarios. Coverage extends to leading companies, offering insights into product types, business footprint, revenue, and more, while also including a list of other global and regional market players. A notable feature is the inclusion of a patent analysis, identifying significant investment areas for investors in the transformer market. The report accounts for the impacts of COVID-19 and the Russia–Ukraine war on both global and regional markets. Using 2021 as the base year, estimated values for 2022 are provided, with market forecasts extending from 2022 to 2027. All market values are presented in millions of dollars, with market shares and Compound Annual Growth Rates (CAGRs) expressed in percentages.

Directly Purchase a copy of the report with BCC Research.

For further information or to make a purchase, please get in touch with info@bccresearch.com .  

About BCC Research

BCC Research provides objective, unbiased measurement and assessment of market opportunities with detailed market research reports. Our experienced industry analysts’ goal is to help you make informed business decisions, free of noise and hype.

Contact Us
Corporate HQ: BCC Research LLC, 49 Walnut Park, Building 2, Wellesley, MA 02481, USA
Email: info@bccresearch.com,
Phone: +1 781-489-7301
For media inquiries, email press@bccresearch.com  or visit our media page for access to our market research library.
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. 

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RSPO Launches New Guidance to Leverage Sustainable Palm Oil Certification for IFRS® Sustainability Disclosure Standards

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July 23, 2026

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KUALA LUMPUR, Malaysia, July 23, 2026 /PRNewswire/ — The Roundtable on Sustainable Palm Oil (RSPO) has released a guidance document, “Leveraging RSPO Principles and Criteria for IFRS® Sustainability Disclosure Standards”. This new resource supports certified sustainable palm oil producers to align their sustainability practices with the IFRS S1 and IFRS S2 disclosure standards that serve as the global framework for reporting sustainability-related financial information.

As more than 30 jurisdictions, representing around 60% of global GDP, move towards adoption of the IFRS Sustainability Disclosure Standards (IFRS SDS), companies are increasingly required to disclose how sustainability-related risks and opportunities affect their financial position and prospects.1

This resource provides a practical pathway for palm oil producers to respond to these requirements by leveraging their existing compliance with the RSPO Principles and Criteria (P&C), without duplicating efforts or creating parallel systems.

Informing investor-relevant disclosures: A four-step approach

Certification and the IFRS SDS serve different purposes. This guidance, developed with support from PwC Malaysia, provides a practical bridge between operational sustainability practices and financial disclosure expectations by helping members translate certification-related topics, metrics, and evidence to inform investor-relevant disclosures.

It sets out a four-step approach to IFRS SDS-aligned reporting, guiding RSPO Members on applicability, reporting boundaries, identification of sustainability-related risks and opportunities, and links to financial performance. It also includes seven practical examples, illustrating how the RSPO P&C requirements and implementation evidence can inform disclosures across key sustainability topics, from ethical conduct and legal compliance to environmental protection and worker health and safety.

Beyond growers, the guidance document also supports financial institutions by helping banks, insurers, and investors understand how palm oil sustainability issues, such as labour disputes and traceability gaps, can translate into financial risks, impacts, and opportunities, enabling clearer risk profiling and more informed financing decisions.

Joseph D’ Cruz, RSPO Chief Executive Officer, said: “As sustainability reporting becomes an integral pillar of financial performance, this guidance bridges certification and disclosure, providing RSPO members with a practical framework to demonstrate sustainability performance in ways that resonate with global capital markets. In line with the growing importance of sustainability disclosures in financing and investment decision-making processes, this guidance illustrates how RSPO Principles and Criteria practices can complement an organisation’s strategy and risk assessment processes.”

Andrew Chan, Partner, Sustainability Leader at PwC Malaysia, said: “This guidance responds to the broader shift towards measuring sustainability through a financial lens, with the adoption of the IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2). For RSPO growers, this creates an opportunity to demonstrate how sustainability practices contribute to business resilience as well as value creation — building investor confidence for the long term.”

Importantly, the guidance also reflects RSPO’s longer term interest in progressively strengthening linkages with sustainability disclosure frameworks. As disclosure expectations continue to evolve, RSPO intends to further explore how certification-related data metrics and assurance processes can support broader and more integrated sustainability disclosures in the future.

The Guidance Document can be downloaded here.

For more information, visit www.rspo.org 

About RSPO:
The Roundtable on Sustainable Palm Oil (RSPO) is a global partnership to make palm oil sustainable. Formed in 2004, the RSPO is a multi-stakeholder non-profit organisation that unites members from across the palm oil value chain, including oil palm producers, palm oil processors and traders, consumer goods manufacturers, retailers, banks and investors, environmental or nature conservation non-governmental organisations (NGOs), and social or developmental NGOs.

As a partnership for progress and positive impact, the RSPO facilitates global change to make the production and consumption of palm oil sustainable. To inspire change, we communicate the environmental and social benefits. To make progress, we catalyse collaboration. To provide assurance, we set the standards of certification.

The RSPO is registered as an international association in Zurich, Switzerland, with main offices in Malaysia and Indonesia, and offices in China, Colombia, Netherlands, United Kingdom and the United States. 

About PwC:
At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 364,000 people in 136 countries and 137 territories. Across audit and assurance, tax and legal, deals and consulting, we help clients build, accelerate, and sustain momentum. Find out more at www.pwc.com

1

IFRS Foundation, ISSB Podcast February 2025

 

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Nordic Capital announces agreement to sell ArisGlobal to Dassault Systèmes, following its transformation into a scaled and AI-enabled life sciences platform

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July 23, 2026

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WALTHAM, Mass., 23 July 2026 /PRNewswire/ — Nordic Capital today announced that it has entered into a definitive agreement to sell ArisGlobal, a leading provider of software to the life sciences industry, to Dassault Systèmes (Euronext Paris: FR0014003TT8) (Paris: DSY.PA). The transaction represents a full exit for Nordic Capital and marks the successful culmination of a partnership that has transformed ArisGlobal into a scaled, cloud-native and AI-enabled platform serving more than 200 life sciences companies, CROs and government health authorities worldwide.

Founded in 1989 and headquartered in Waltham, Massachusetts, ArisGlobal develops and delivers regulatory, safety, and quality software to a global client base that includes many of the world’s largest pharmaceutical and biotech organisations, as well as regulatory authorities. Its flagship LifeSphere® platform is a fully integrated, cloud-native suite that enables life sciences organisations to manage complex regulatory submissions, pharmacovigilance workflows and clinical data on a single platform, improving compliance, speed and operational efficiency. The platform also embeds advanced AI-enabled automation across core pharmacovigilance workflows, reducing manual processing and accelerating safety case management.

“Nordic Capital invested in ArisGlobal because the business had strong fundamentals, a loyal blue-chip client base and significant potential to modernise its technology and scale its commercial reach. Working closely with Aman and his team, Nordic Capital has supported the company’s transformation into a leading cloud-native platform for the life sciences industry with differentiated AI-enabled capabilities and a strengthened market position. Nordic Capital is proud of what has been achieved together with management and looks forward to seeing the company continue to grow under Dassault Systèmes ownership,” said Daniel Berglund, Partner and Head of Healthcare, Nordic Capital Advisors.

Nordic Capital first invested in ArisGlobal in 2019, partnering with the founding family and management team to pursue an ambitious development strategy. In 2021, Nordic Capital made a further investment in the company, reflecting its conviction in ArisGlobal’s growth potential and the progress achieved since the original partnership began. Throughout the ownership period, Nordic Capital worked closely with management to accelerate the SaaS transition, professionalise the go-to-market organisation, broaden the product offering and strengthen the leadership team.

The migration to a modern, cloud-native architecture created the foundation for ArisGlobal to become an early leader in the application of AI to drug safety. A key milestone was the development and launch of NavaX, ArisGlobal’s generative AI solution for safety case processing, which automates and accelerates core pharmacovigilance workflows and has been adopted by a number of the world’s leading pharmaceutical companies. NavaX has further differentiated ArisGlobal’s offering and marked an important step in the Company’s evolution into a broader, AI-enabled safety and regulatory software platform.

“The life sciences industry is at an inflection point as regulatory complexity is increasing, data volumes are growing and our clients need software that can keep pace. The partnership with Nordic Capital gave us the resources and the runway to build exactly that. NavaX and our expanded platform are the result of that ambition, and I am confident we are well placed for what comes next,” said Aman Wasan, CEO, ArisGlobal.

Alongside its technology transformation, ArisGlobal strengthened its management team and commercial organisation, while two strategic acquisitions broadened the Company’s platform capabilities. Today, ArisGlobal serves more than 200 enterprise customers, including half of the world’s top 50 biopharma companies, processes more than 12 million safety cases annually and is expected to generate approximately USD 175 million in revenue in 2026. As rising regulatory complexity and increasing volumes of adverse event reporting continue to drive demand for advanced life sciences software, ArisGlobal is well positioned for future growth through solutions that automate compliance workflows, reduce manual processing and enable organisations to manage regulatory risk more effectively.

The transaction brings together ArisGlobal’s leadership in AI-enabled safety and regulatory software with Dassault Systèmes’ capabilities across research, clinical development and manufacturing. Nordic Capital believes the combination represents a highly compelling strategic fit, pairing complementary capabilities to create a broader, end-to-end offering across the life sciences value chain. ArisGlobal will also benefit from Dassault Systèmes’ global scale, customer reach and investment capacity, providing a strong platform for its next phase of innovation and growth.

The transaction is subject to customary regulatory approvals and is expected to close in the second half of 2026.

Evercore and Jefferies LLC acted as financial advisors to ArisGlobal and Kirkland & Ellis acted as legal advisor to ArisGlobal.

Media contacts:

Nordic Capital
Katarina Janerud
Communications Manager, Nordic Capital Advisors
+46 8 440 50 50
katarina.janerud@nordiccapital.com

ArisGlobal
Morgan Scott
Vice President, Marketing & Communications and Chief of Staff
mscott@arisglobal.com

About ArisGlobal

ArisGlobal is a leading provider of software to the life sciences industry. Its LifeSphere® platform delivers integrated regulatory, safety, and quality solutions to more than 200 life sciences companies, CROs and government health authorities worldwide. Founded in 1989 and headquartered in Waltham, Massachusetts, ArisGlobal combines deep domain expertise with advanced technology to help clients improve compliance, accelerate development cycles and manage regulatory complexity at global scale. For more information, visit www.arisglobal.com.

About Nordic Capital

Nordic Capital is a leading international private equity investor and subsector specialist dedicated to building stronger, more resilient businesses through transformative, long-term growth in partnership with management teams. With over 35 years of experience, Nordic Capital currently manages approximately EUR 39 billion in assets, investing in middle-market companies across Northern Europe and North America. Rooted in its Nordic heritage and values, it combines global reach with local presence through dedicated sector investment advisory teams, bringing deep expertise across its core sectors: Healthcare, Technology & Payments, Financial Services, and Services & Industrial Tech. Through active ownership, strong operational capabilities, a global network of experts and technology-enabled transformation, Nordic Capital helps companies scale, innovate and become sustainable leaders. For more information, visit www.nordiccapital.com or connect on LinkedIn.

“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”.

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Cognizant and Gulf Edge Announce Strategic Partnership to Accelerate Enterprise AI Adoption in Southeast Asia

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July 23, 2026

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Partnership combines Cognizant’s global AI engineering capabilities with Gulf Edge’s sovereign digital infrastructure to capture the region’s growing demand for secure, scalable AI solutions.

BANGKOK, July 23, 2026 /PRNewswire/ — Cognizant (Nasdaq: CTSH), a leading AI builder and global technology services provider, and Gulf Edge Company Limited, the digital infrastructure arm of Thai energy and infrastructure conglomerate Gulf Development Public Company Limited (GULF) or Gulf Group, today announced a landmark strategic partnership. The alliance is designed to accelerate enterprise AI adoption and establish a resilient, AI-native digital economy in Thailand and the broader region.

As artificial intelligence (AI) rapidly reshapes industries, economies, and societies worldwide, the partnership aims to establish the foundational ecosystem needed to enable Thailand’s next phase of digital transformation. By combining trusted sovereign digital infrastructure with world-class AI engineering and enterprise transformation capabilities, Gulf Edge and Cognizant will help organizations deploy AI securely, responsibly, and at scale.

The collaboration brings together Gulf Edge’s leadership in digital infrastructure, energy, cloud, and strategic relationships across Thailand’s most important industries with Cognizant’s global expertise in AI, digital engineering, cloud modernization, data, and intelligent operations. Together, the two companies will deliver end-to-end AI capabilities spanning infrastructure, AI platforms, enterprise solutions, systems integration, and managed services.

The partnership will initially focus on accelerating AI adoption across key sectors including banking and financial services, energy and utilities, healthcare, telecommunications, manufacturing, and the public sector. Through industry-specific AI solutions, organizations will be able to improve operational efficiency, enhance customer experience, strengthen decision-making, automate complex business processes, and unlock new opportunities for innovation and growth.

Beyond enterprise transformation, Gulf Edge and Cognizant share a broader ambition of strengthening Thailand’s position as a regional AI hub. The partnership is expected to attract global technology expertise, stimulate investment in advanced digital capabilities, and create high-value employment opportunities across AI engineering, data science, cloud infrastructure, cybersecurity, and digital transformation. The two companies also plan to collaborate with universities, research institutions, technology partners, and public-sector organizations to develop AI talent, promote responsible AI adoption, and foster a sustainable innovation ecosystem for the country.

Mr. Sarath Ratanavadi, Chief Executive Officer, Gulf Development Public Company Limited, said, “Our partnership with Cognizant marks an important milestone in our vision of helping Thailand become an AI-native economy. By combining Gulf Edge’s strengths in digital infrastructure, energy, cloud, and deep understanding of the Thai market with Cognizant’s global expertise in enterprise AI, digital engineering, and transformation services, we are creating a comprehensive platform that enables organizations to adopt AI with confidence and generate measurable business outcomes. Together, we will develop secure, resilient, and future-ready sovereign digital infrastructure while delivering industry-specific AI solutions tailored to the needs of Thai enterprises and public institutions. We believe AI has the potential to transform every sector, creating new opportunities for productivity, innovation, and sustainable economic growth.”

Mr. Ganesh Ayyar, President of Asia Pacific & Japan (APJ), Cognizant, said, “As Thailand works toward its ambition of becoming an AI-native economy, we see this partnership as a meaningful way to help contribute to that vision, not just through the projects we deliver, but by building lasting AI and technology capability inside the country. With Gulf Edge’s market reach and Cognizant’s AI Builder strategy and global delivery capability, we are positioned to deliver transformative outcomes for Thai enterprises across every major sector.”

About Gulf Edge
Gulf Edge Company Limited is the digital infrastructure arm of Gulf Development Public Company Limited, Thailand’s leading energy and infrastructure conglomerate. Gulf Edge is building a robust digital ecosystem, spanning data centers, cloud services, satellite technology, and AI infrastructure, to accelerate Thailand’s digital transformation and position the country as a regional hub for the AI economy.

About Cognizant
Cognizant (NASDAQ: CTSH) is an AI Builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for clients. Its deep industry, process, and engineering expertise enables it to build an organization’s unique context into technology systems that amplify human potential, realize tangible returns, and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.

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