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Wind Electricity Global Market Report 2022 -Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031
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The global wind electricity market report by the business research company identifies growing investments in the clean energy sector to be a major growth driver for the wind electricity market. Clean energy is energy derived from renewable, zero-emissions sources that does not pollute the environment. Solar, hydro, and wind energy are the primary sources of clean energy. For instance, in 2020, according to 'Africa Business Communities', the UK invested over $66.7 million (£50 million) in clean energy projects in Africa. The UK government has invested in advanced, clean technology and is partnering with African countries to develop sustainable energy sources to meet the African energy demand, which is set to increase by 60% by 2040. Growing investments in the clean energy sector to meet energy demand are driving the wind electricity market.
The global wind electricity market grew from $89.66 billion in 2021 to $102.54 billion in 2022 at a compound annual growth rate (CAGR) of 14.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The wind electricity market is expected to grow to $157.22 billion in 2026 at a compound annual growth rate (CAGR) of 11.3%.
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Asia Pacific was the largest region in the wind electricity market in 2021. Western Europe was the second largest region in the wind electricity market. The regions covered in the wind electricity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major players in the wind electricity market are Ming Yang Smart Energy Group Ltd., NextEra Energy Resources, LLC, Pacific Hydro Pty Ltd., Shell WindEnergy, Inc., TransAlta Corporation, Xinjiang GoldWind Science & Technology Co., Ltd., Berkshire Hathaway Energy, Pattern Energy, IBERDROLA Renewables, EON Climate & Renewables, Alstom, ABO-Wind, Vattenfall
The global wind electricity market is segmented -
1) By Connectivity: On-Grid, Off-Grid.
2) By End-User: Industrial, Commercial, Residential.
3) By Location: Onshore, Offshore.
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The Wind Electricity Market Report Contents Include
1. Executive Summary
2. Wind Electricity Market Characteristics
3. Wind Electricity Market Trends And Strategies
4. Wind Electricity Market - Macro Economic Scenario
5. Wind Electricity Market Size And Growth
....
26. Africa Wind Electricity Market
27. Wind Electricity Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wind Electricity Market
29. Wind Electricity Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the Wind Electricity market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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