Global Wind Energy Market Trends and Growth to 2024 | Top Leading Players EDF, Gamesa, Vestas, GE, Goldwind, Enercon, Nordex, Senvion, Alstom, NextEra Energy, Vattenfall, ABB, DONG Energy

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Residential wind energy market is predicted to witness significant growth owing to its wide applications across service and residential buildings. Increasing demand for distributed energy systems across residential sector will boost the business landscape. As per the U.S. Department of Energy, distributed energy systems are feasible for approximately 49 million industrial, commercial, or residential sites which, is equals to more than 42% of the U.S. buildings. Global Wind Energy Market will cross USD 170 billion by 2024, according to a new research report.

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Ambitious targets toward capacity addition along with favorable government initiatives including tax rebate will boost the deployment of ≥2 MW capacity systems. The introduction of renewable energy certificates and carbon credit will further complement the business outlook. Many countries including the U.S. and UK are primarily shifting their focus toward the replacement of traditional power generation plants with sustainable energy sources.

Growing demand for reliable, cost effective and environment friendly generation systems along with strict government norms to reduce GHG emissions will augment the wind energy market. In 2016, government of UK announced the target to reduce GHG emissions up to 58% by 2030 from 1990 levels.

Increasing funding from leading financial institutions including the Green Investment Bank, International Finance Corporation and the World Bank will thrust the wind energy market growth. Furthermore, the technology across the globe has witnessed significant proliferation subject to small-scale funding initiatives from domestic public entities. As of August 2017, Green Investment Bank has allocated USD 4.4 billion for projects toward offshore and onshore renewables, energy efficiency and bioenergy.

Increasing electricity demand along with growing awareness towards sustainable energy will positively impact the China wind energy market share. As per Chinese Wind Energy Association, in 2015, 40 GW of wind power projects were approved, and a total of 115 GW is expected to be added between 2016 and 2020, accounting for a total capacity up to 260 GW.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

• Geronimo Energy

• Tradewind Energy, Inc

• EDF Renewable Energy

• ReGen Powertech

• Vensys Energy

• EDP Renewables

• Envision Energy

• Leitwind

• MHI Vestas

• Invenergy LLC

• Vestas

• A2SEA

• Vattenfall AB

• ABB Limited

• General Electric

• Senvion S.A.

• Doosan Heavy Industries & Construction

• Goldwind

• Siemens Gamesa Renewable Energy

• Enercon

• Nordex SE

• Suzlon Energy Limited

• ABO Wind

• NextEra Energy Inc.

• Northland Power Inc.

• DONG Energy

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Favorable government initiatives including federal & state incentives policies, renewable energy-friendly environmental regulations, and utility support will augment the U.S. wind energy market share. In July 2015, Incentivizing Offshore Wind Power Act was introduced to encourage investments in offshore wind energy by providing critical financial incentives.

Offshore wind energy market is predicted to reach over 13 GW of annual installation by 2024. The Government directives toward energy efficiency along with huge untapped potential will boost the product penetration. In 2017, Horizon 2020 sponsored USD 17.83 million to European Commission project towards reduction of operation and maintenance costs of offshore through integration of advanced monitoring technologies for turbines.

Rapid Industrialization coupled with growing awareness towards sustainable energy mix will drive Turkey wind energy market. Limited availability of oil & gas reserves seeks country to improve its energy security by renewable energy sources. The Turkish Wind Energy Association aims to achieve 10 GW of installation by 2020.

Key industry players across wind energy market include Vestas, ABB Limited, General Electric, Siemens Gamesa Renewable Energy, Nordex, Enercon, Suzlon, Doosan Heavy Industries & Construction, Senvion, and Vattenfall.

Table of Contents

Chapter 1. Wind Energy Market Methodology and Scope

Chapter 2. Wind Energy Market Executive Summary

Chapter 3. Wind Energy Industry Insights

Chapter 4. Wind Energy Market, By Axis

Chapter 5. Wind Energy Market, By Connectivity

Chapter 6. Wind Energy Market, By Installation

Chapter 7. Wind Energy Market, By Application

Chapter 8. Wind Energy Market, By Capacity

Chapter 9. Wind Energy Market, By Region

Chapter10. Wind Energy Market Company Profiles

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Related Report:
United States Offshore Wind Energy Industry Market Analysis & Forecast 2018-2023

In the United States Offshore Wind Energy Industry Market Analysis & Forecast 2018-2023, the revenue is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023. The production is estimated at XX million in 2017 and is forecasted to reach XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023.

https://www.marketstudyreport.com/reports/united-states-offshore-wind-energy-industry-market-analysis-forecast-2018-2023/?utm_source=OPR-SP

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