Global Wind Turbine Market Growth, Trends, and Forecasts to 2023 - ResearchAndMarkets.com

DUBLIN--()--The "Global Wind Turbine Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The usage of wind energy as a source of electricity generation has attracted exceptional demand across regions. In 2017, the total wind power installation capacity remained above 50 GW, with Europe and Asia-Pacific regions; a record high. Although most of the wind energy is currently obtained onshore, offshore wind farms are gaining wide popularity as a larger resource area with low environmental impact, which in turn, is expected to significantly increase the demand for the wind turbine, during the forecast period, 2018-2023. On the flip side, the price drops for wind energy is expected to have an adverse effect on the profits margin for the entire supply chain of the wind turbine market.

The offshore wind farm industry has progressed significantly since the installation of the first offshore wind farm in 1991, by Elkraft (now DONG Energy) at Vindeby, Denmark. Technological advancements have reduced considerably the associated risks and the cost of electricity generation from offshore wind farms, which in turn, have attracted interests globally.

The global installed capacity of offshore wind capacity reached approximately 14,384 megawatts (MW) in 2016. Although, 90% of the all offshore wind installations are in European waters, the governments outside of the European region, such as in the country of China, Japan, South Korea, Taiwan, and the US, have set ambitious targets for the installation of offshore wind farms in their territorial waters. Similar investments are expected to be replicated across other countries as well, during the forecast period, which in turn, is expected to offer enormous potential for growth for the wind turbine manufacturers and suppliers.

Key Developments in the Market

  • February 2018: Siemens Gamesa Renewable Energy (SGRE) secured exclusive wind turbine contract for Hornsea - II offshore wind project
  • February 2018: GE Renewable Energy secured commitments for 2.9 gigawatts (GW) of its variably rated 2.2 MW to 2.5 MW onshore wind turbine with a 127-meter rotor in North America
  • February 2018: GE Renewables signed agreement with ENGIE to supply 144 of its 2.5-116 turbines for the Umburanas Wind Farm Complex in Brazil

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Value Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

  • Vestas Wind Systems A/S
  • Siemens Gamesa Renewable Energy SA
  • General Electric Company
  • Nordex SE
  • Senvion SA
  • Hitachi Ltd.
  • Suzlon Energy Ltd
  • Enercon GmbH
  • ABB Ltd.
  • Envision Energy Co. Ltd.
  • Guodian United Power Technology Company Limited
  • Sinovel Wind Group Company Limited
  • Xinjiang Goldwind Science & Technology Co. Ltd.

10. Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/fklgt5/global_wind?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900
Related Topics: Wind Power, Turbines

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Wind Power, Turbines