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Emerging Wind Energy Markets Globally
GlobalData, Nov 2010, Pages: 20
Emerging Wind Energy Markets Globally
Summary
Brazil, Egypt, South Korea, Philippines, Vietnam and South Africa are some of the emerging wind power markets in South American, Asian and African regions. Brazil’s PROINFA program has attracted investors towards its wind power sector and is expected to grow at a CAGR of 21.73% during the forecast period 2009-2020. In Egypt, the total wind resource potential is around 100,000 MW of which 430 MW is already explored. With respect to the government’s target to achieve 12% electricity production through wind energy by 2020, cumulative wind installations are expected to grow at a CAGR of 24.33% during the forecast period 2009-2020. On one side, as Korean wind players are focusing on their export markets and upcoming domestic offshore wind market, the Philippines and Vietnam have started focusing on exploiting their huge unexplored wind resource potential of 76,567 MW and 99,991 MW, respectively. Besides this, the South African wind energy sector is also an upcoming in the market thanks to government support in terms of renewable energy feed-in tariffs introduced in 2009 and further plans to implement a binding target of 25% of power demand through renewable energy by 2025. Such government initiatives are expected to encourage the exploration of 59,978 MW wind resource potential in South Africa.
Scope
The scope of the report includes –
- Wind Market Overview of Brazil, Egypt, Republic of Korea, South Africa, Philippines and Vietnam
- Major Policies Encouraging the Wind Industry Growth in Brazil, Egypt, Republic of Korea, South Africa, Philippines and Vietnam
- Key Upcoming Wind Farms in Brazil, Egypt, Republic of Korea, South Africa, Philippines and Vietnam
- Unexplored Wind Resource Potential of Emerging Wind Markets
- Upcoming Developments in the Emerging Wind Markets Globally
Reasons to buy
The viewpoint studies on the emerging wind energy markets globally. It will allow the reader to –
- Analyse the reasons for the growth of these regions in wind energy market
- Develop market strategy based on the upcoming trends in the wind energy market
- Position yourself to gain the maximum advantage of the industry’s growth potential by developing strategies
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