Press release
What's driving the Wind Energy Market trends? Vestas, ABB Limited, General Electric, Siemens Gamesa Renewable Energy, Nordex, Enercon, Suzlon
Wind Energy Market
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.
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Wind Energy Market will cross USD 170 billion by 2024, according to a new research report.
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.
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.
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.
Ambitious targets toward capacity addition along with favorable government initiatives including tax rebate will boost the deployment of >=2 MW capacity systems.
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.
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.
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.
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.
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.
Wind energy market research report includes in-depth coverage of the industry with estimates & forecast in terms of MW and USD from 2013 to 2024, for the following segments:
Wind Energy Market, By Axis
Horizontal Axis
Vertical Axis
Wind Energy Market, By Connectivity
On-grid
Off-grid
Wind Energy Market, By Installation
Onshore
Offshore
Wind Energy Market, By Application
Utility
Industrial
Commercial
Residential
Wind Energy Market, By Capacity
=2 MW
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Report Content
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition and forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Wind energy industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Axis trends
2.1.3. Connectivity trends
2.1.4. Installation trends
2.1.5. Application trends
2.1.6. Capacity trends
2.1.7. Regional trends
Chapter 3. Wind Energy Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Innovation & sustainability
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. Europe
3.5.3. UK
3.5.4. Germany
3.5.5. China
3.6. Cost structure analysis
3.6.1. Capital cost (CAPEX) (Offshore)
3.6.2. Operational cost (OPEX) (Offshore)
3.6.3. Capital cost (CAPEX) (Onshore)
3.7. Global wind capacity addition targets
3.8. Wind energy industry trends and outlook
3.8.1. Cumulative Wind Energy Capacity (December 2016)
3.8.2. New Installed Wind Energy Capacity (December 2016)
3.9. Comparative analysis
3.9.1. Offshore wind & onshore wind
3.9.2. Horizontal axis turbine & vertical axis turbine
3.10. Industry impact forces
3.10.1. Growth drivers
3.10.1.1. North America and Europe
3.10.1.1.1. Stringent emission norms
3.10.1.1.2. Growing deployment of renewable energy
3.10.1.2. Asia-Pacific
3.10.1.2.1. Rapid Industrialization & Urbanization
3.10.1.2.2. Declining component cost
3.10.1.2.3. Growing demand for electricity
3.10.1.3. Latin America and Middle East and Africa
3.10.1.3.1. Rising investments across clean energy sector
3.10.1.3.2. Growing adoption of distributed energy systems
3.10.2. Industry pitfalls & challenges
3.10.2.1. High Capital Cost
3.10.2.2. Geographical constraint
3.11. Growth potential analysis
3.12. Porter's analysis
3.13. Competitive landscape, 2016
3.13.1. Strategy dashboard
3.13.2. Mergers & Acquisitions
3.14. PESTEL analysis
Chapter 4. Wind Energy Market, By Axis
4.1. Global market share by axis, 2016 & 2024
4.2. Horizontal Axis
4.2.1. Horizontal axis market, 2013 - 2024
4.2.2. Horizontal axis market volume by region, 2013 - 2024
4.2.3. Horizontal axis market revenue by region, 2013 - 2024
4.3. Vertical Axis
4.3.1. Vertical axis market, 2013 - 2024
4.3.2. Vertical axis market volume by region, 2013 - 2024
4.3.3. Vertical axis market revenue by region, 2013 - 2024
Chapter 5. Wind Energy Market, By Connectivity
5.1. Global market share by connectivity, 2016 & 2024
5.2. On-Grid
5.2.1. On-grid market, 2013 - 2024
5.2.2. On-grid market volume by region, 2013 - 2024
5.2.3. On-grid market revenue by region, 2013 - 2024
5.3. Off-Grid
5.3.1. Off-grid market, 2013 - 2024
5.3.2. Off-grid market volume by region, 2013 - 2024
5.3.3. Off-grid market revenue by region, 2013 - 2024
Chapter 6. Wind Energy Market, By Installation
Chapter 7. Wind Energy Market, By Application
7.1. Global market share by application, 2016 & 2024
7.2. Utility
7.2.1. Utility market, 2013 - 2024
7.2.2. Utility market volume by region, 2013 - 2024
7.2.3. Utility market revenue by region, 2013 - 2024
7.3. Industrial
7.3.1. Industrial market, 2013 - 2024
7.3.2. Industrial market volume by region, 2013 - 2024
7.3.3. Industrial market revenue by region, 2013 - 2024
7.3.4. Food
7.3.4.1. Food market, 2013 - 2024
7.3.4.2. Food market volume by region, 2013 - 2024
7.3.4.3. Food market revenue by region, 2013 - 2024
7.3.5. Paper/Pulp
7.3.5.1. Paper/pulp market, 2013 - 2024
7.3.5.2. Paper/pulp market volume by region, 2013 - 2024
7.3.5.3. Paper/pulp market revenue by region, 2013 - 2024
7.3.6. Chemical
7.3.6.1. Chemical market, 2013 - 2024
7.3.6.2. Chemical market volume by region, 2013 - 2024
7.3.6.3. Chemical market revenue by region, 2013 - 2024
7.3.7. Others
7.3.7.1. Others market, 2013 - 2024
7.3.7.2. Others market volume by region, 2013 - 2024
7.3.7.3. Others market revenue by region, 2013 - 2024
7.4. Commercial
7.4.1. Commercial market, 2013 - 2024
7.4.2. Commercial market volume by region, 2013 - 2024
7.4.3. Commercial market revenue by region, 2013 - 2024
7.4.4. College/University
7.4.4.1. Commercial market, 2013 - 2024
7.4.4.2. Commercial market volume by region, 2013 - 2024
7.4.4.3. Commercial market revenue by region, 2013 - 2024
7.4.5. Office
7.4.5.1. Office market, 2013 - 2024
7.4.5.2. Office market volume by region, 2013 - 2024
7.4.5.3. Office market revenue by region, 2013 - 2024
7.4.6. Government/Military
7.4.6.1. Government/military market, 2013 - 2024
7.4.6.2. Government/military market volume by region, 2013 - 2024
7.4.6.3. Government/military market revenue by region, 2013 - 2024
7.4.7. Others
7.4.7.1. Others market, 2013 - 2024
7.4.7.2. Others market volume by region, 2013 - 2024
7.4.7.3. Others market revenue by region, 2013 - 2024
Chapter 8. Wind Energy Market, By Capacity
8.1. Global market share by capacity, 2016 & 2024
8.2. =2 MW market revenue by region, 2013 - 2024
Chapter 9. Wind Energy Market, By Region
Chapter 10. Company Profiles
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