Wind power is still the most promising renewable energy in the year of 2013. The wind turbine system (WTS) started with a few tens of kilowatt power in the 1980s. Now, multimegawatt wind turbines are widely installed even up to 6-8 MW. There is a widespread use of wind turbines in the distribution networks and more and more wind power stations, acting as power plants, are connected directly to the transmission networks. As the grid penetration and power level of the wind turbines increase steadily, the wind power starts to have significant impacts to the power grid system. Therefore, more advanced generators, power electronic systems, and control solutions have to be introduced to improve the characteristics of the wind power plant and make it more suitable to be integrated into the power grid. Meanwhile, there are also some emerging technology challenges, which need to be further clarified and investigated. This paper gives an overview and discusses some development trends in the technologies used for wind power systems. First, the developments of technology and market are generally discussed. Next, several state-of-the-art wind turbine concepts, as well as the corresponding power electronic converters and control structures, are reviewed, respectively. Furthermore, grid requirements and the technology challenges for the future WTS are also addressed.