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Asia Pacific Wind Power Markets
Frost & Sullivan, April 2010, Pages: 115
This research service covers the state of the Asia Pacific wind power markets, analyzing the key market drivers, and market restraints for growth, pricing, technology, demand and geographical trends. Following from these, revenue distribution and forecasts are provided for the market segments and regions covered in the study. In addition, an in-depth analysis of the competitive scenario is given. The three major segments of the wind power market study are onshore small wind power market, onshore medium and large wind power market, and offshore wind power market. Geographies covered in the study include Southeast Asia, North Asia and ANZ regions. The base year is 2009 with forecasts running through 2016
Research Overview
This Frost & Sullivan research service titled Asia Pacific Wind Power Markets provides a comprehensive insight into the on-grid and off-grid applications in the wind power markets, with a thorough analysis of the key market drivers and restraints, competitive scenario, customer trends, and revenue forecasts. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: onshore small wind power, onshore medium and large wind power, and offshore wind power.
Market Overview
Increasing Preference for Indigenous Resources for Power Generation Drives the Wind Power Markets
The increasing impact of greenhouse gas emissions and the need to mitigate their effects have made a strong case for renewable energy technologies such as wind power. Governments are increasingly seeking energy security and they have realized that using indigenous sources of fuel not only improves their self sufficiency, but also provides better national security. The global financial downturn in 2008 and 2009 compelled governments to offer several economic stimulus packages for companies that invested in renewable energy. Moreover, the volatility of oil and gas prices has intensified nations’ need to reduce their dependence on imported fuels for power generation. These issues have presented wind power generators with ample opportunities to harness the untapped wind reserves in the region. This considerable unexploited potential, along with government support, has stoked significant interest among the utility companies and private project developers.
Small wind turbines are gaining market acceptance for sustainable onsite power generation in urban areas, whereas medium and large wind power systems generate clean electricity that is supplied through the utility grid. Meanwhile, the limited availability of onshore wind power sites is a compelling argument in favor of offshore wind power systems. However, wind power project developers are still unable to make the most of these opportunities due to the presence of inconsistent zoning codes, requisition of several approvals, inefficient bureaucracy, and transmission bottlenecks. These challenges not only consume time, but also involve significant costs at every stage of development. “Moreover, the preference for low-cost electricity from utilities, established market for proven diesel-fired generator sets and the spotlight on solar photovoltaic systems restricts the market penetration of wind power,” says the analyst of this research. “Hence, like any other renewable energy technology, wind power market development is highly dependent on government incentives and subsidies to keep costs under control.”
Zoning, siting, and permitting issues obstruct large-scale deployment of wind turbines, while grid interconnection issues restrain market development in other cases. Moreover, in countries with extensive utility grid coverage and low electricity rates, high initial investment outlays dissuade the uptake. Regional- and state-specific incentives and subsidies from governments can solve these hindrances. “Introduction of consistent zoning policies as well as simplifying and streamlining the approval procedures are expected to attract more investments in the wind power market, especially from private project developers,” notes the analyst. “Besides, timely information dissemination on existing technical guidelines and approval processes will also go a long way in increasing the uptake of wind power systems.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Wind Energy Systems:
- Onshore small wind power
- Onshore medium and large wind power
- Offshore wind power
By Geographic Region:
- Southeast Asia: Malaysia, Indonesia, Thailand, the Philippines, Singapore, and Vietnam
- North Asia: Japan, South Korea, and Taiwan
- Australia and New Zealand
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