Wind Energy Market Future Forecast Report with Latest Industry Demand 2025 with Focusing Key players like Acciona, Enel Green Power, ENGIE, Vattenfall, Ørsted A/S

Global Wind Energy Market report also includes qualitative insights of the market such as drivers, restrains, value chain, regulatory framework and trade statistics. The value chain has been analyzed in detail covering key stages of the global market. The growing need to achieve sustainable power generation has led to increasing focus on power generation through renewable sources.

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.

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Wind Energy Market: Key Players are Acciona, Enel Green Power, ENGIE, Vattenfall, Ørsted A/S, and NRG Energy, Inc.

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.

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.

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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.

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.

Wind Energy Market: Segmentation
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

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