This chapter highlights on the design, operation, and comparative analysis of different types of wind turbine systems with respect to steady state and transient phenomenal activities under rapid wind speed variations. Here, Type I, which is fixed speed induction generator based, and Type II, which is DFIG based, variable speed operated systems are initially compared. In the next part, Type III wind turbine system is presented, which uses DFIG; later, it is compared with the Type IV WT system, which uses permanent magnet synchronous generator. This chapter provides a comparative overview on existing wind power systems including an analytic discussion of key principles and innovations for wind turbines. In this energy conversion system, various designs of wind turbines, pitch angle controlled based variable speed wind turbines governed by help of electronic power converters, were preferred. This scope of dynamic simulation-based study is implemented using MATLAB Simulink to convey the feasibility of the proposed wind turbine models.