Wind Power Market, Update 2017 - Global Market Size, Average Price, Turbine Market Share, and Key Country Analysis to 2025
NEW YORK, Dec. 18, 2017 /PRNewswire/ -- Wind Power Market, Update 2017 - Global Market Size, Average Price, Turbine Market Share, and Key Country Analysis to 2025
Read the full report: https://www.reportlinker.com/p03085652
Summary
Wind power has seen tremendous growth over the past few years and is expected to maintain its competitiveness in the energy market. In 2006, electricity from wind power sources contributed to less than 1% of the total supply in the world. With increased capacity and better generation, this share reached 4.2% in 2016 and is expected to increase to 7.1% in 2025. Until now, feed-in tariffs (FiTs) have been the major method of government to drive the growth of wind energy.
Global wind power market size increased from approximately US$24 Billion in 2006 to US$100+ Billion in 2016 at a CAGR of 15.6%. During 2017-2025, the wind power market size is expected to grow overUS$110Billion. A major boost in the investment is expected due to increase in the capacity installations, led by countries such as China, the US, Germany, and India as well as emerging countries in the Asia-Pacific, Middle East and Africa (MEA), and South and Central America (SCA) regions.
Asia-Pacific is the largest market in terms of cumulative installed wind power capacity with 43.6% share in 2016. It is followed by Europe and North America with a share of 32.9% and 19.8%, respectively. South and Central America and Middle East and Africa had small shares of less than 3% each in the same year.
China with 40.6% is the leader in terms of capacity additions with 23.4GW of the annual capacity in 2016. The US had the second-largest annual installed capacity after China with a share of 14.2% in 2016. The country added 8.2 GW of annual capacity in the same year. The US is followed by Germany with the addition of 5.4 GW of annual capacity in 2016.
In 2016, global offshore wind increased to 3.1% of annual capacity additions from 0.6% in 2006. During 2017-2025, more offshore capacity is expected to be added in the UK, Germany, the US, and China. The share of offshore capacity additions is set to rise to 12.3% in 2020, and offshore installations are expected to contribute a share of 14.5% capacity additions during 2020-2025.
The report "Wind Power Market, Update 2017 - Global Market Size, Average Price, Turbine Market Share, and Key Country Analysis to 2025", provides a clear overview of and detailed insight into the global wind market. It explains the key drivers and challenges affecting the market and provides data covering historic and forecast market size, average capital cost, installed capacity and generation globally, and in eleven key wind power markets - China, India, Brazil, Mexico, Canada, France, UK, US, South Africa, Germany, and Japan.
Moreover, this report also includes -
- Coverage of the key growth drivers and challenges related to each country's wind power market, and the market's influence on the environment and the country's economy.
- Historic (2006-2016) and forecast (2017-2025) data for cumulative and annual installed wind power capacity and is provided at global and key country level.
- Average turbine size for onshore and offshore installations for the 2006-2025 period, globally and for each of the key countries.
- Global market shares for 2016; market shares of the major turbine manufacturers in 2016 and market share trend for the period 2010-2016 for each key country.
- Capital cost and market size data at key country and global level.
Companies mentioned in this report:GE Power, Vestas Wind Systems A/s, Nordex SE, Gamesa, Siemens AG , Suzlon , Xinjiang Goldwind Science & Technology Co., Ltd., EnerconGmbh Envision Energy Limited, China Ming Yang Wind Power Group Limited.
Scope
The report includes -
- Wind power market study at global level and at key country level, covering countries such as China, India, Brazil, Mexico, Canada, France, UK, US, South Africa, Germany, and Japan
- Coverage of the key growth drivers and challenges related to each country's wind power market, and the market's influence on the environment and the country's economy.
- Historic (2006-2016) and forecast data (2017-2025) for cumulative and annual installed wind power capacity.
- Average turbine size for onshore and offshore installations for the 2006-2025 period, globally and for each of the key countries.
- Market share of the major turbine manufacturers in 2016 and market share trend for the period 2010-2016 for individual country and global.
- Capital cost and market size data at key country and global level.
Reasons to buy
The report will allow you to -
- Facilitate decision-making by providing historical and forecast data in wind power sector
- Develop business strategies by understanding the trends shaping and driving the wind power market
- Position yourself to gain the maximum advantage of the industry's growth potential
- Maximize potential in the growth of the wind power market
- Identify key partners and business-development avenues
- Respond to business structure, strategy and prospects
Read the full report: https://www.reportlinker.com/p03085652
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