Wind Energy Market 2019 Comprehensive Study Explores Huge Growth in Future with Leading Key Players - Acciona, Enel Green Power, ENGIE, Vattenfall, Ørsted A/S, NRG Energy and others

The “Wind Energy Market to 2025 – Global Analysis and Forecasts by Type and End-users” report provides a detailed overview of the major factors impacting the global market with the market share analysis and revenues of various sub segments

“Wind Energy Market 2019” report gives distinctive insights worldwide market competition for Wind Energy. Focusing on objectives of this report is to categorize dynamics of the market and to supply latest updates like mergers and acquisitions, numerous technological developments, new entrants within the market, that create an impression on totally different segments of the Wind Energy market.

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About the Wind Energy Market:
The global wind energy market size is estimated to reach up to USD 320.61 billion by 2025 driven by the declining cost of electricity generation, thereby facilitating a high rate of wind capacity installation globally. The presence of a large base of experienced and internationally active project developers is another prime factor accelerating the development of wind technologies.

Top Key Players of Wind Energy market
Acciona, Enel Green Power, ENGIE, Vattenfall, Ørsted A/S, NRG Energy

Scope of the Report (Overlook 2019-2025):

Wind farms installed with several wind turbines generate electric energy by converting the kinetic energy in the wind. Utility scale turbines ranging from 100 kilowatts to as large as several megawatts are grouped together in the wind farms. These turbines provide bulk power to the electrical grid. The amount of power that can be harvested depends upon the blade size and the blade lengths. Commercially available wind turbines have reached a capacity of 8 MW. This increase in wind turbine capacity is mainly driven by the declining costs of production of the blades and rotors. Along with the turbine capacity expansion, the ease of grid integration is also driving wind energy market share in generation of power from renewable energy.

The wind energy market growth is primarily accelerated by the rising number of wind farm installation both offshore and onshore. The global wind energy market analysis indicates the dominance of onshore capacity installation and also estimates the sustained dominance during the forecast period. Global onshore wind energy installations stood at over 90% in 2017, as the cost reduction for every doubling of cumulative capacity is estimated to be around 21%. This cost advantage has prompted heavy investment into the onshore wind installation projects. However, during the forecast period, the offshore wind installation are expected to maintain a higher CAGR owing to the policy support, technology advances and a rapidly maturing supply chain. This is turning offshore wind an increasingly viable option for harnessing the more consistent and higher wind speeds available offshore.

Installation of wind capacity takes is segmented into offshore installation and onshore installations. The onshore installations held the largest market share in global wind energy market with more than 90% of total wind capacity installation globally. This dominance of onshore wind capacity is mainly due to the cost of generation of electricity which has fallen by approximately a quarter since 2010. The best onshore wind projects are expected to deliver electricity for an equivalent of USD 3 cents per KWh or less. Competitive procurement, especially auction have spurred cost reduction for power from wind. The low auction results for onshore wind in countries such as Brazil, Canada, Germany, India, Mexico and Morocco are witnesses of the fact that onshore wind is one of the most competitive sources of new generation capacity.

The wind energy market size on the basis of geography, is headed by the Asia Pacific, recording the highest number of wind capacity installations in 2017. With approximately 80%, China had the highest share of wind capacity installations in 2017. The high growth rate of installations in India making it the fourth largest country globally is also a primary driver of the dominance of this region. However, Middle East and Africa are expected maintain the fastest growth on account of support of wind remarkable wind resources and efficiency across value chain, resulting in gradual reduction in the levelized cost of energy (LCOE) of wind power across the region.

Key segments of the global wind energy market

Installation Type Overview, 2015-2025 (GW) (USD million)
• Onshore Installation
• Offshore Installation

Turbine Size Overview, 2015-2025 (GW) (USD million)
• Small Wind
• Large Wind

Turbine Type Overview, 2015-2025 (GW) (USD million)
• Horizontal Axis
• Vertical Axis

Regional Overview, 2015-2025 (GW) (USD million)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Table of Contents
1. Executive Summary
2. Research Methodology
3. Market Outlook
4. Wind Energy Market Overview, By Installation Type
5. Wind Energy Market Overview, By Turbine Size
6. Wind Energy Market Overview, By Turbine Type
7. Wind Energy Market Overview, By Region
8. Industry Structure
9. Company Profiles

What does the report include?

• The study on the global wind energy market includes qualitative factors such as drivers, restraints, and opportunities
• Additionally, the market has been evaluated using the value chain and cost analysis.
• The study covers qualitative and quantitative analysis of the market segmented on the basis of installation type, turbine size, turbine type and region. Moreover, the study provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments
• The study includes the profiles of key players in the market with a significant global and/or regional presence

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