Wind Energy - Global Strategic Business Report

This report analyzes the worldwide markets for Wind Energy in Megawatts. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia Pacific, Africa/Middle East, and Latin America. Annual estimates and forecasts are provided for the period 2009 through 2017. Also, a six-year historic analysis is provided for these markets.

The report profiles 156 companies including many key and niche players such as American Electric Power, AES Corporation, Cielo Wind Power, LP, Dongfang Electric Corporation, Enel SpA, Enercon GmbH, Gamesa Corp., Green Mountain Energy Company, GE Energy, Goldwind, NextEra Energy Resources, Shell Windenergy Inc., Sinovel Wind Group Co., Suzlon Energy Limited, TransAlta Wind, and Vestas Wind Systems A/S. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks.

For information on site licence pricing please click on Enquire before buying

WIND ENERGY

A GLOBAL STRATEGIC BUSINESS REPORT

CONTENTS

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-3
Quantitative Techniques & Analytics I-3
Product Definition and Scope of Study I-3
Wind Energy I-3

II. Executive Summary

1. STUDY HIGHLIGHTS II-1

2. INDUSTRY OVERVIEW II-2
Outlook II-2
Future Shift II-2
Clean Energy Trends: The Changing Face of the Future II-2
Wind Energy - A Promising Alternative Source of Energy for
Future II-3
Investments in Green Energy Rise, Wind Energy Takes a Dip II-3
US Emerges on the Top in Investments II-4
Tough Year Ahead for Clean Energy II-4
Wind Industry: Polishing Up for a Larger Global Role II-4
Onshore Technology Dominates Wind Energy Sector II-4
Raw Material Price Drops Squeeze Turbine Manufacturers'
Profitability II-5
Wind Energy Market Raises a Toast Towards a Bright Future II-5
The Outer Boundaries of Possibilities: Year 2020 II-5
Trends & Issues II-6
Renewable Energy Expands Amid Economic Slowdown - A Recent
Past Investment Scenario II-6
Robust Developments in Wind Energy Sector to Continue in Near
Term II-7
Offshore Market to Sail Ahead of Onshore II-7
A Market for Capturing the Winds! II-8
Unraveling the Power of the Wind II-8
What Makes Winds a Clean, Safe & Affordable Source of Energy? II-8
Prospects of Wind Energy: Mystifying Favoritism? II-9
Wind Energy Research Projects Get a Shot in the Arm II-9
Europe and Asia-Pacific: Dominating the Wind Energy Industry II-10
Denmark: A Model for Wind Energy Adoption II-11
Developing World - An Upcoming Region II-11
Growing Trend towards Off-Shore Wind Farms Across Western Europe II-12
Surging Wind Energy Industry Fans Demand for Wind Turbines II-12
Transforming Paradigms of Wind Energy II-12
Whither the Wind Blows: A Statistical Fact Sheet Tracking
Capacity Trends II-13
Table 1: Worldwide New Capacity Installations in the Wind
Energy Market: 2001-2010 (Capacity Additions in Megawatts)
(includes corresponding Graph/Chart) II-13

Table 2: Worldwide Leading Countries for New Capacity
Installations in Wind Energy Market (2009 & 2010) - China,
US, Spain, Germany, India, France, Italy, Canada, UK,
Portugal, and Others (Capacity Additions in Megawatts)
(includes corresponding Graph/Chart) II-13
Trends in Cumulative Capacities II-14
Table 3: Worldwide Leading Countries for Wind Energy (2009
& 2010): Installed Capacity in MW for China, US, Germany,
Spain, India, Italy, France, UK, Portugal, Denmark, and
Others (includes corresponding Graph/Chart) II-14

Table 4: Worldwide Leading Countries for Wind Energy
Installed Capacity (2010): Percentage Breakdown for China,
US, Germany, Spain, India, Italy, France, UK, Portugal,
Denmark, and Others (includes corresponding Graph/Chart) II-15
Wind Energy Caught “in the thick” Despite Expectations of
Spectacular Growth II-15
Factors Influencing the Market II-16
Growing Environmental Concerns II-16
Increasing Regulations II-16
Rising Electricity Consumption & Energy Prices II-16
Decreasing Costs of Wind Energy II-17
Factors Responsible for Decreasing Costs of Wind Energy
Generation II-17
Promotion Systems for Wind Energy II-17
Spiraling Effect of International Wind Energy Incentives II-18
Technological Advancements in Wind Turbines & Other Components II-18
Flawed Infrastructure Continues to Haunt the Wind Industry II-19
Gearboxes and Geared Motors - Transformation Undertaken by
the European Manufacturers II-19
Major Markets - An Overview II-20
China II-20
Table 5: Wind Energy Capacity in China: 2008-2010 (In
Megawatts) (includes corresponding Graph/Chart) II-20
The United States II-21
Table 6: Wind Energy Capacity in the United States:
2008-2010 (In Megawatts) (includes corresponding
Graph/Chart) II-21
Germany II-22
Table 7: Wind Energy Capacity in Germany: 2008-2010 (In
Megawatts) (includes corresponding Graph/Chart) II-22
Spain II-23
Table 8: Wind Energy Capacity in Spain: 2008-2010 (In
Megawatts) (includes corresponding Graph/Chart) II-23
India II-24
Table 9: Wind Energy Capacity in India: 2008-2010 (In
Megawatts) (includes corresponding Graph/Chart) II-24
Emerging Markets - An Overview II-24
Brazil II-24
Canada II-25
Table 10: Wind Energy Capacity in Canada: 2008-2010 (In
Megawatts) (includes corresponding Graph/Chart) II-25
The Netherlands II-26
Table 11: Wind Energy Capacity in the Netherlands: 2008-2010
(In Megawatts) (includes corresponding Graph/Chart) II-26
The United Kingdom II-27
Table 12: Wind Energy Capacity in the United Kingdom: 2008-
2010 (In Megawatts) (includes corresponding Graph/Chart) II-27
Market Structure II-27
Structural Overview of the Global Wind Energy Market II-27
Classification of Environment Driven & Energy Driven Markets II-28
Leading Players in the World Market for Wind Turbines II-29
Table 13: Leading Wind Turbine Suppliers Worldwide (2010):
Market Share Breakdown for Vestas, Sinovel, GE Wind,
Goldwind, Enercon, Suzlon, Dongfang, Gamesa, Siemens, United
Power, and Others (includes corresponding Graph/Chart) II-29

3. WIND ENERGY - A CONCEPT SCAN II-30
Wind Power: A Natural Renewable Energy Source II-30
Wind Energy - Basics II-30
Description II-31
Benefits of Wind Generated Electrical Power II-31
Typical Factors Impeding Widespread Deployment of Wind Energy II-32
Wind Speed - An Important Factor for Power Generation II-32
Wind Energy Exploitation & Development: Economic Viability II-33
Improving the Value of Wind Electricity II-33
Cost Reduction II-33
Identifying Locations for Prospective Wind Farms II-34
Reduction of Uncertainties II-34
Reduction of Environmental Impact II-34
Infrastructure Development II-34
Implementing Favorable National & International Environmental
& Energy Policies II-34
Education & Human Resource Development II-34
Cost Structure of Wind Energy II-35
Consistency of Wind Speeds II-35
Technical Design Lifetime of Turbines II-35
Amortization Period II-35
Building Wind Farms Making the Right Choice II-36
Table 14: Worldwide Leading Wind Farm Operators (2007):
Ranked by Megawatt Capacity Operated - Babcock & Brown
Windpartner, Iberdola, Acciona Windpower, Florida Power &
Light, EDP Electricidade de Portugal, and Longyuan Electric
Power Group (includes corresponding Graph/Chart) II-36
Offshore Wind Energy: The Next Great Leap for the Wind Industry II-37
Table 15: Worldwide Offshore Projects with Installed Capacity
in MW: 1990-2008 II-37
Offshore Wind Energy, Wave Energy & Tidal Energy - Ocean Based
Electricity Generators II-38
Offshore Wind Energy II-38
Wave Energy II-38
Tidal Energy II-38
Future of Ocean Based Power II-38

4. WIND POWER TECHNOLOGY II-40
Wind Turbines: A Definition II-40
Design Configurations of Wind Turbines II-40
Horizontal and Vertical Axis Designs II-40
Number of Blades II-41
Table 16: % Commercial Wind Turbines (of over 30 kW) with 1,
2 & 3 Blade Designs (includes corresponding Graph/Chart) II-41
Variable Speed Designs II-41
A Working Model of a Wind Turbine II-41
Wind Energy and Wind Turbine - Notable Facts II-42
Small Wind Turbines: Contraptions of Simplicity & Efficiency II-42
Large/Hybrid Power Wind Turbines: A Technical Insight II-42
Hybrid Power Wind Turbines: The Latest in Vogue II-43
Wind Energy Component Manufacture - An Untaken Business
Opportunity II-43
Table 17: Leading Players in the Global Yaw and Pitch Drive
Market (2009): Percentage Breakdown by Volume Sales for
Bonfiglioli, Comer, Zollern, Nanjing, Brevini, Liebherr,
Nabtesco, Rexroth, and Others (includes corresponding
Graph/Chart) II-44

5. EVOLVING TRENDS IN POWER GENERATION II-45
Energy Portfolio of Industrialized & Developing Countries II-45
After Fossil Fuels What? II-45
Biomass Energy II-45
Geothermal Power II-45
Hydropower II-45
Solar Photovoltaic (PV) Energy II-46
Solar Thermal Energy II-46
Wind Power Energy II-46
Renewable Energy Poised to Scale New Heights II-46
European Renewable Market - An Opportunity for the US Clean
Energy Companies II-46
Is Fossil Fuel Run Automobiles Becoming a Concept of the Past? II-47
Wind Energy: ‘The Green Push' II-48
Wind Energy Going Easy on the Environment II-48
Impact of Wind Energy on the Environment II-48
Television & Radio Transmission Disruptions II-48
Impact on Birds/Wildlife II-48
Noise Pollution II-49
Visual Effects II-49
Navigational Hazards II-49
Erosion II-49
Current Regulatory Stance II-49
The Kyoto Protocol: Cracking the Whip on Fossil Fuel Emissions II-49
Carbon Credit: An Innovative Approach to Curb GHG Emissions II-50

6. PRODUCT INNOVATIONS/INTRODUCTIONS II-51
Gamesa Introduces G97 2MW Turbine in North America II-51
Iberdola Unveils International Wind Power Monitoring System in
the US II-51
GE Unveils New Variant of 2.5MW Wind Turbines in Germany II-51
Siemens Introduces New Gearless Wind Turbine II-51
GE to Introduce 2.5MW Wind Turbine in North America II-51
Vestas Launches V112-3.0 MW Offshore Turbine II-51
Siemens Introduces 3.6MW Wind Turbine II-52
Sinovel Develops 3MW Wind Turbine II-52
Earthtronic Unveils Honeywell Wind Turbine II-52
StatoilHydro Unveils Novel Floating Turbine II-52
Gravitec Introduces Rescue System for Wind Turbines II-52
Cascade Unveils Wind Turbine System for Homeowners and Businesses II-53
Dow Launches AIRSTONETM Systems for WIND ENERGY II-53
Acciona Introduces Tatanka Wind Farm II-53
Solar Night Industries Launches Skystream 3.7 Wind Turbine II-53
Cuba Opens First Wind Power Project II-54
Endesa Europe Launches Lehaucourt Wind Farm II-54
So Siegfriedsen Develops Wind Energy Plant II-54
PacWind Releases Proprietary Wind Energy Applications II-54
Chinese Developers Display New Wind Power Generator II-54
Eurus Launches First Wind Power Project II-54
GE Unveils New Version of 2.5xl Wind Turbine II-55
Texas Based Inventor Develops Wind Energy Conversion System II-55
Second Wind Unveils New SCADA Node II-55
Canadian Government Launches Wind Energy Mapping Software II-55
GE Energy Introduces 1.5xle Unit II-55
Vexcel Builds New Software Solution II-56
REpower Displays New Wind Turbine at German Wind Energy Trade
Fair II-56
GE Energy Introduces New Wind Turbine Technology II-56
Enercon Starts Production of New Turbines II-57

7. RECENT INDUSTRY ACTIVITY II-58
Cleanfield to Merge with WePOWER II-58
WindPower Innovations to Take Over Energetic Drives and XH
Industries II-58
Wind Works Power Corp. Acquires Zero Emission People LLC II-58
Iberdrola Renovables Acquires El Andevalo Wind Farm II-58
Constellation Energy Takes Over Criterion Wind Power Project II-58
Xtreme Power, First WIND Sign Collaboration Pact II-59
Suzlon Secures 18MW Wind Energy Contract From GSFC II-59
Nalco to Establish Wind Energy Project in India II-59
GE Pockets ScanWIND II-59
Enel Buys Minority Interest in Geronimo Wind Energy II-59
Terra Firma Acquires EverPower II-59
Navajo Acquires GJCL II-60
FPL Energy Renames to NextEra Energy Resources II-60
Martifer and Hirschfeld Form JV II-60
PG&E Collaborates with Iberdola Renewables to Take Over Wind
Power Plant II-60
Azuro Energy Collaborates with Raum Energy II-60
US-REG and A-Power Ink Agreement II-60
Nordic Windpower USA Secures Contract for 19 Wind Turbine
Projects II-61
Wind Works Power Corp. Buys Stake in Six Wind Energy Projects II-61
GE to Establish Wind Turbine Plant in India II-61
Suzlon's Subsidiary to Divest Stake in Hansen II-61

8. STRATEGIC CORPORATE DEVELOPMENTS - A HISTORIC PERSPECTIVE BUILDER II-62
Suzlon Energy to Take Over Honiton Energy Holdings II-62
EDP Acquires Hydra Energy's Wind Energy Projects II-62
Clipper Windpower Collaborates with BP II-62
GE Inks Agreement with Invenergy II-62
Dakota To Develop Utility Scale Wind Projects II-62
Dominion Attains 50% Stake in BP's Flower Ridge Project II-62
GE Bags Major Contract from RES II-63
TransAlta To Develop Wind Project in Canada II-63
MSPL To Expand Energy Capacity II-63
Suzlon Receives Repeat Order from HWE II-63
Pacific Hydro Inks Agreement with Suzlon II-63
Wind Energy America Acquires Boreal II-63
HWE Places Order for Wind Turbines to Suzlon II-64
GE Energy Bags Major Contract from EDP II-64
CIRI Partners with EnXco II-64
E.ON Pockets Airtricity North America II-64
Freenergy and Vardar Acquires Tooma Tuulepark II-64
Babcock & Brown Acquires Bluewater Wind II-64
AEP Inks Agreement with Camp Grove II-65
AES to Expand Buffalo Gap Facility II-65
AES Acquires Wind Energy Projects from GE II-65
EMG Pockets Goat Mountain II-65
Canadian Hydro Developers Pockets Le Nordais Facility II-65
SkyPower Divests Terrawinds Project II-65
Suez Acquires Ventus II-65
Marubeni Acquires Majority Stake in Oak Creek II-66
Fersa Acquires Majority Stake in Estonian Est II-66
Iberdrola Pockets CPV II-66
Hendricks Pockets Roug II-66
Greentech Expands Wind Energy Portfolio II-66
GDF Acquires Nass and Wind II-66
EDP Pockets HWE II-67
Ampal Partners with Clal II-67
AES Forms Alliance with Guohua II-67
Suzlon Acquires REpower II-67
BP to Begin Construction of 5 US Wind Power Projects II-67
Airtricity Completes Forest Creek Wind Farm II-68
EMG and USWF Collaborate for Developing Wind Farms II-68
enXco Inks O&M Agreement for Camp Grove II-68
Finavera Renewables Enters into a Purchase Agreement for 150MW
Canadian Project II-68
Midwest Wind Energy to Construct 100MW Wind Farm II-68
Canadian Hydro Buys Vector Wind Energy of Ottawa for C$5.3
million II-68
TransAlta and New Brunswick Sign Long-Term Power Contract II-69
RWE Joins Forces with Suzlon for Wind Energy Project II-69
Suncor Energy and Acciona Commence Construction of Ontario
Project II-69
Siemens Bags Large Order for Wind Turbines II-69
Endesa Acquires Italian Wind Power Capacity from Gamesa II-69
Elecnor and Endesa Partner to Develop Marine Wind Energy
Projects in Spain II-70
EUFER Begins Construction of Galicia Wind Farms II-70
Theolia Forms a Strategic Alliance with GE Energy Financial
Services II-70
EdP Expands Investment in Wind Energy II-70
Shell Wind Energy Completes Egmond aan Zee Offshore Wind Project II-70

9. FOCUS ON SELECT GLOBAL PLAYERS II-71
American Electric Power (US) II-71
AES Corporation (US) II-71
Cielo Wind Power, LP (US) II-71
Dongfang Electric Corporation (China) II-71
Enel SpA (Italy) II-71
Enercon GmbH (Germany) II-72
Gamesa Corp. (Spain) II-72
Green Mountain Energy Company (US) II-72
GE Energy (US) II-72
Goldwind (China) II-73
NextEra Energy Resources (US) II-73
Shell WindEnergy, Inc. (US) II-73
Sinovel Wind Group Co. (China) II-73
Suzlon Energy Limited (India) II-74
TransAlta Wind (Canada) II-74
Vestas Wind Systems A/S (Denmark) II-74

10. GLOBAL MARKET PERSPECTIVE II-75
Table 18: World Recent Past, Current & Future Analysis of
Installed Wind Energy Capacities by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
East & Africa, and Latin American Markets Independently
Analyzed in Megawatts for the Years 2009 through 2017
(includes corresponding Graph/Chart) II-75

Table 19: World Recent Past, Current & Future Analysis of
Wind Energy Capacity Additions by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
East & Africa, and Latin American Markets Independently
Analyzed in Megawatts for the Years 2009 through 2017
(includes corresponding Graph/Chart) II-76

Table 20: World Historic Review of Installed Wind Energy
Capacity by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East & Africa, and
Latin American Markets Independently Analyzed in Megawatts for
the Years 2003 through 2008 (includes corresponding
Graph/Chart) II-77

Table 21: World Historic Review of Wind Energy Capacity
Additions by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East & Africa, and
Latin American Markets Independently Analyzed in Megawatts for
the Years 2003 through 2008 (includes corresponding
Graph/Chart) II-78

Table 22: World 15-Year Perspective for Wind Energy by
Geographic Region - Percentage Breakdown of Installed Annual
Capacity for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East & Africa, and Latin American
Markets for the Years 2003, 2011 & 2017(includes corresponding
Graph/Chart) II-79

Table 23: World 15-Year Perspective for Wind Energy by
Geographic Region - Percentage Breakdown of Capacity Additions
for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East & Africa, and Latin American Markets for the Years
2003, 2011 & 2017(includes corresponding Graph/Chart) II-80

III. MARKET

1. THE UNITED STATES III-1
A.Market Analysis III-1
Brief Overview of the American Wind Energy Market III-1
United States: Waking From the Rip Van Winkle Slumber III-1
Table 24: Leading Wind Turbine Manufacturers in the US
(2009): Breakdown of Turbine Installed Capacity and Number
of Turbines for GE Energy, Vestas, Siemens, Mitsubishi,
and Suzlon (includes corresponding Graph/Chart) III-2
Table 25: Leading US Wind Energy Owners by Cumulative
Installed Capacity (2010) (includes corresponding Graph/
Chart) III-2
Table 26: Leading US States by Percentage of Power
Generated From Wind (2009) (includes corresponding
Graph/Chart) III-3

Table 27: Leading US States by Cumulative Installed
Capacity in Megawatts (2010) (includes corresponding
Graph/Chart) III-3
Factors Influencing Wind Energy Growth in the US III-3
Trends & Issues III-4
Expanding Market for Small Wind Turbines in US III-4
The American Recovery and Reinvestment Act Provides Impetus
to the Market III-4
PTC Extension Restores Market Momentum III-4
US Sheds its Image of a Major Consumer of Fossil Fuels III-5
A Peek into the Resurgence of Wind Energy in the US III-6
Key Developmental Concerns III-6
Technologies III-7
Inadequate Transmission Infrastructure III-7
Transmission Penalties - A Drag on Competitiveness III-7
Farmers in the US - The Supreme Beneficiaries of Wind Energy III-7
Table 28: Largest Wind Farm Projects in the US (2010)
(includes corresponding Graph/Chart) III-9
A Windmap of Windpower Status III-9
California III-10
Illinois III-10
Minnesota III-10
Texas III-10
Iowa III-10
Washington III-11
Key Players III-11
Navitas Energy III-11
TXU Energy III-11
B.Market Analytics III-12
Table 29: The US Recent Past, Current & Future Analysis of
Installed Wind Energy Capacity in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-12

Table 30: The US Recent Past, Current & Future Analysis of
Wind Energy Capacity Additions in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-12

Table 31: The US Historic Review of Installed Wind Energy
Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-13

Table 32: The US Historic Review of Wind Energy Capacity
Additions in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-13

2. CANADA III-14
A.Market Analysis III-14
A Brief Overview of the Canadian Wind Energy Market III-14
Drawn by the Piper's Tune III-14
Trends & Issues III-14
Canada: High on Winds III-14
Ontario - A Leader in the Making III-14
Table 33: Wind Energy Market in Canada (2009): Percentage
Share Breakdown of Installed Capacity (In MW) by leading
Province -Ontario, Quebec, Alberta, New Brunswick,
Saskatchewan, Prince Edward Island, Nova Scotia, Manitoba,
British Colombia and Newfoundland and Labrador (includes
corresponding Graph/Chart) III-15
Kyoto Plan - Major Benefit for Wind Energy Expansion III-15
Changing Phase in Canadian Wind Energy Industry III-16
Key Player Review III-16
Suncor Energy Inc. III-16
B.Market Analytics III-17
Table 34: Canadian Recent Past, Current & Future Analysis of
Installed Wind Energy Capacity in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-17

Table 35: Canadian Recent Past, Current & Future Analysis of
Wind Energy Capacity Additions in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-17

Table 36: Canadian Historic Review of Installed Wind Energy
Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-18

Table 37: Canadian Historic Review of Wind Energy Capacity
Additions in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-18

3. JAPAN III-19
A.Market Analysis III-19
A Brief Overview of the Japanese Wind Energy Market III-19
Catching Up with the Winds III-19
B.Market Analytics III-20
Table 38: Japanese Recent Past, Current & Future Analysis of
Installed Wind Energy Capacity in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-20

Table 39: Japanese Recent Past, Current & Future Analysis of
Wind Energy Capacity Additions in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-20

Table 40: Japanese Historic Review of Installed Wind Energy
Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-21

Table 41: Japanese Historic Review of Wind Energy Capacity
Additions in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-21

4. EUROPE III-22
A.Market Analysis III-22
Trends & Issues III-22
EC's New Proposals for Promoting Wind Energy & Other
Renewables III-22
A Prelude to the Wind Industry in Europe III-22
Table 42: Energy Mix Evolution in the EU (1998 & 2008):
Percentage Share Breakdown by Elements - Coal, Nuclear,
Large hydro, Fuel Oil, Natural Gas, Wind, Biomass and
Others (includes corresponding Graph/Chart) III-23

Table 43: Electricity Market in Europe (2008): Percentage
Breakdown of New Capacity Addition by Fuel Source -
Natural Gas, Wind, Nuclear, Coal, and Others (includes
corresponding Graph/Chart) III-24
The Green Certificates System Catching Up with Europe III-24
EU Renewables Directive: Creating Potential Partnerships III-24
Competitive Structure of the Wind Power Market in the
European Union III-25
Potential Increase in Wind Power Capacity III-25
Table 44: Wind Power Capacity Increase in Europe
(2009-2020): Percentage Share Breakdown by Leading
Countries -Germany, Spain, UK, France, Italy, Poland,
Sweden, The Netherlands, Greece, Iceland and Others (In
GW) (includes corresponding Graph/Chart) III-25

Table 45: EU Electricity Production from Wind Energy
(2000-2030): Annual Breakdown by Methods -Onshore and
Offshore (In TWh) (includes corresponding Graph/Chart) III-26

Table 46: Wind Energy Market in Europe (2009-2030):
Breakdown by New Capacity, Decommissioning and Total
Capacity (In GW) (includes corresponding Graph/Chart) III-26
B.Market Analytics III-27
Table 47: European Recent Past, Current & Future Analysis of
Installed Wind Energy Capacity by Geographic Region -
Austria, Denmark, France, Germany, Greece, Italy, UK, Spain,
The Netherlands, Portugal, and Rest of Europe Markets
Independently Analyzed in Megawatts for the Years 2009
through 2017 (includes corresponding Graph/Chart) III-27

Table 48: European Recent Past, Current & Future Analysis of
Wind Energy Capacity Additions by Geographic Region -
Austria, Denmark, France, Germany, Greece, Italy, UK, Spain,
The Netherlands, Portugal, and Rest of Europe Markets
Independently Analyzed in Megawatts for the Years 2009
through 2017 (includes corresponding Graph/Chart) III-28

Table 49: European Historic Review of Installed Wind Energy
Capacity by Geographic Region - Germany, Spain, Denmark,
Italy, United Kingdom, The Netherlands, Greece, France,
Portugal, Austria and Rest of Europe Markets Independently
Analyzed in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-29

Table 50: European Historic Review of Wind Energy Capacity
Additions by Geographic Region - Austria, Denmark, France,
Germany, Greece, Italy, UK, Spain, The Netherlands,
Portugal, and Rest of Europe Markets Independently Analyzed
in Megawatts for the Years 2003 through 2008 (includes
corresponding Graph/Chart) III-30

Table 51: European 15-Year Perspective for Wind Energy by
Geographic Region - Percentage Breakdown of Installed Annual
Capacity for Austria, Denmark, France, Germany, Greece,
Italy, UK, Spain, The Netherlands, Portugal, and Rest of
Europe Markets for the Years 2003, 2011 & 2017(includes
corresponding Graph/Chart) III-31

Table 52: European 15-Year Perspective for Wind Energy by
Geographic Region - Percentage Breakdown of Capacity
Additions for Austria, Denmark, France, Germany, Greece,
Italy, UK, Spain, The Netherlands, Portugal, and Rest of
Europe Markets for the Years 2003, 2011 & 2017 (includes
corresponding Graph/Chart) III-32

4a. AUSTRIA III-33
A.Market Analysis III-33
Market III-33
Single Energy Act for Easy Growth III-33
Table 53: Leading Wind Turbine Manufacturers in Austria
(2007) - Percentage Breakdown of Turbine Installed
Capacity for GE Wind Energy, Vestas, Enercon, REpower,
Jeumont, Gamesa, Windmaster and Nordex (includes
corresponding Graph/Chart) III-33
B.Market Analytics III-34
Table 54: Austrian Recent Past, Current & Future Analysis of
Installed Wind Energy Capacity in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-34

Table 55: Austrian Recent Past, Current & Future Analysis of
Wind Energy Capacity Additions in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-34

Table 56: Austrian Historic Review of Installed Wind Energy
Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-35

Table 57: Austrian Historic Review of Wind Energy Capacity
Additions in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-35

4b. DENMARK III-36
A.Market Analysis III-36
A Brief Overview of the Danish Wind Energy Market III-36
Powering up Growth Engines III-36
Demystifying the Success of the Danish Wind Industry III-36
Danish Wind Turbines: An Embodiment of Commercial Success III-37
B.Market Analytics III-38
Table 58: Danish Recent Past, Current & Future Analysis of
Installed Wind Energy Capacity in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-38

Table 59: Danish Recent Past, Current & Future Analysis of
Wind Energy Capacity Additions in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-38

Table 60: Danish Historic Review of Installed Wind Energy
Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-39

Table 61: Danish Historic Review of Wind Energy Capacity
Additions in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-39

4c. FRANCE III-40
A.Market Analysis III-40
An Overview of Wind Energy Sector III-40
B.Market Analytics III-41
Table 62: French Recent Past, Current & Future Analysis of
Installed Wind Energy Capacity in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-41

Table 63: French Recent Past, Current & Future Analysis of
Wind Energy Capacity Additions in Megawatts for the ears
2009 through 2017 (includes corresponding Graph/Chart) III-41

Table 64: French Historic Review of Installed Wind Energy
Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-42

Table 65: French Historic Review of Wind Energy Capacity
Additions in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-42

4d. GERMANY III-43
A.Market Analysis III-43
A Brief Overview of the German Wind Energy Market III-43
An Illustrious Model for the Aspiring Global Wind Industry III-43
New Renewable Energy Law Spurs Wind Energy Expansion III-43
Table 66: Leading Sources of Energy in Germany - Ranked by
Their Popularity on a Scale of 1-10 (includes
corresponding Graph/Chart) III-44

Table 67: Leading Wind Turbines Manufacturers in Germany
(2009): Percentage Breakdown by Turbine Installed Capacity
for Enercon, Vestas, REpower Systems, Fuhrlander, Nordex,
GE Energy, and Others (includes corresponding Graph/Chart) III-44
Key Player III-44
B.Market Analytics III-45
Table 68: German Recent Past, Current & Future Analysis of
Installed Wind Energy Capacity in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-45

Table 69: German Recent Past, Current & Future Analysis of
Wind Energy Capacity Additions in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-45

Table 70: German Historic Review of Installed Wind Energy
Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-46

Table 71: German Historic Review of Wind Energy Capacity
Additions in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-46

4e. GREECE III-47
A.Market Analysis III-47
A Brief Overview of the Grecian Wind Energy Market III-47
A Windy Greece Promises Much III-47
A Grecian Scenario III-47
B.Market Analytics III-48
Table 72: Greek Recent Past, Current & Future Analysis of
Installed Wind Energy Capacity in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-48

Table 73: Greek Recent Past, Current & Future Analysis of
Wind Energy Capacity Additions in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-49

Table 74: Greek Historic Review of Installed Wind Energy
Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-49

Table 75: Greek Historic Review of Wind Energy Capacity
Additions in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-50

4f. ITALY III-51
A.Market Analysis III-51
A Brief Overview of the Italian Wind Energy Market III-51
Zeroing In on the Benefits of Green Energy III-51
Table 76: Wind Energy Market in Italy (2009): Percentage
Share Breakdown of Installed Capacity (In MW) by leading
Regions (includes corresponding Graph/Chart) III-52
Leading Wind Energy Producers & Turbine Manufacturers III-52
Leading Wind Turbine Component Suppliers in Italy III-52
Key Player III-53
B.Market Analytics III-53
Table 77: Italian Recent Past, Current & Future Analysis of
Installed Wind Energy Capacity in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-53

Table 78: Italian Recent Past, Current & Future Analysis of
Wind Energy Capacity Additions in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-54

Table 79: Italian Historic Review of Installed Wind Energy
Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-54

Table 80: Italian Historic Review of Wind Energy Capacity
Additions in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-55

4g. THE UNITED KINGDOM III-56
A.Market Analysis III-56
A Brief Overview of the Wind Energy Market in the UK III-56
Heading Towards a Green Future III-56
Trends & Issues III-57
Ready for Expansion III-57
UK's Large Wind Farms in Operation III-57
UK Takes the Cue from Offshore Winds III-58
Government Promotes Offshore Wind Farms III-59
B.Market Analytics III-60
Table 81: UK Recent Past, Current & Future Analysis of
Installed Wind Energy Capacity in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-60

Table 82: UK Recent Past, Current & Future Analysis of Wind
Energy Capacity Additions in Megawatts for the Years 2009
through 2017 (includes corresponding Graph/Chart) III-60

Table 83: UK Historic Review of Installed Wind Energy
Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-61

Table 84: UK Historic Review of Wind Energy Capacity
Additions in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-61

4h. SPAIN III-62
A.Market Analysis III-62
A Brief Overview of the Spanish Wind Energy Market III-62
Spotlight on Southern Europe's Powerhouse of Wind Energy III-62
Changes do not Impact Wind Industry Growth III-62
Gamesa Fortifies Strength in Spanish Wind Turbines Market III-63
Table 85: Leading Wind Turbine Manufacturers in Spain
(2010): Percentage Breakdown of Installed Capacity for
Gamesa, Vestas, Acciona and Others III-63
B.Market Analytics III-64
Table 86: Spanish Recent Past, Current & Future Analysis of
Installed Wind Energy Capacity in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-64

Table 87: Spanish Recent Past, Current & Future Analysis of
Wind Energy Capacity Additions in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-64

Table 88: Spanish Historic Review of Installed Wind Energy
Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-65

Table 89: Spanish Historic Review of Wind Energy Capacity
Additions in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-65

4i. THE NETHERLANDS III-66
A.Market Analysis III-66
A Brief Overview of the Wind Energy Market in the Netherlands III-66
Taking a crack at Green Energy III-66
B.Market Analytics III-67
Table 90: Dutch Recent Past, Current & Future Analysis of
Installed Wind Energy Capacity in Megawatts for the Years
2009 through 2017. (Includes corresponding Graph/Chart) III-67

Table 91: Dutch Recent Past, Current & Future Analysis of
Wind Energy Capacity Additions in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-67

Table 92: Dutch Historic Review of Installed Wind Energy
Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-68

Table 93: Dutch Historic Review of Wind Energy Capacity
Additions in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-68

4j. PORTUGAL III-69
A.Market Analysis III-69
Leading Wind Energy Developers and Turbine Manufacturers III-69
B.Market Analytics III-69
Table 94: Portuguese Recent Past, Current & Future Analysis
of Installed Wind Energy Capacity in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-69

Table 95: Portuguese Recent Past, Current & Future Analysis
of Wind Energy Capacity Additions in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-70

Table 96: Portuguese Historic Review of Installed Wind
Energy Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-70

Table 97: Portuguese Historic Review of Wind Energy Capacity
Additions in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-71

4k. REST OF EUROPE III-72
A.Market Analysis III-72
A Brief Overview of Select Markets III-72
Sweden III-72
Table 98: Operating Wind Farms (>15MW) in Sweden (2008):
By Capacity (In MW) (includes corresponding Graph/Chart) III-73

Table 99: Wind Farms Under Construction in Sweden
(2008-2012) (includes corresponding Graph/Chart) III-74
Czech Republic III-74
Norway III-75
Poland III-75
Table 100: Operating Wind Farms (>20MW) in Poland (2009):
By Capacity (In MW) (includes corresponding Graph/Chart) III-76
Turkey III-77
Table 101: Wind Farm Projects Under Construction in Turkey
(2010) (includes corresponding Graph/Chart) III-77
B.Market Analytics III-78
Table 102: Rest of Europe Recent Past, Current & Future
Analysis of Installed Wind Energy Capacity in Megawatts for
the Years 2009 through 2017 (includes corresponding
Graph/Chart) III-78

Table 103: Rest of Europe Recent Past, Current & Future
Analysis of Wind Energy Capacity Additions in Megawatts for
the Years 2009 through 2017 (includes corresponding
Graph/Chart) III-78

Table 104: Rest of Europe Historic Review of Installed Wind
Energy Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-79

Table 105: Rest of Europe Historic Review of Wind Energy
Capacity Additions in Megawatts for the Years 2003 through
2008 (includes corresponding Graph/Chart) III-79

5. ASIA-PACIFIC III-80
A.Market Analysis III-80
Key Players III-80
Enercon (India) Ltd (India) III-80
B.Market Analytics III-81
Table 106: Asia-Pacific Recent Past, Current & Future
Analysis of Installed Wind Energy Capacity by Geographic
Region - India, China, Australia, and Rest of Asia-Pacific
Independently Analyzed in Megawatts for the Years 2009
through 2017 (includes corresponding Graph/Chart) III-81

Table 107: Asia-Pacific Recent Past, Current & Future
Analysis of Wind Energy Capacity Additions by Geographic
Region - India, China, Australia, and Rest of Asia-Pacific
in Megawatts for the Years 2009 through 2017 (includes
corresponding Graph/Chart) III-82

Table 108: Asia-Pacific Historic Review of Installed Wind
Energy Capacity by Geographic Region - India, China,
Australia, and Rest of Asia-Pacific Independently Analyzed
in Megawatts for the Years 2003 through 2008 (includes
corresponding Graph/Chart) III-83

Table 109: Asia-Pacific Historic Review of Wind Energy
Capacity Additions by Geographic Region - India, China,
Australia, and Rest of Asia-Pacific Independently Analyzed
in Megawatts for the Years 2003 through 2008 (includes
corresponding Graph/Chart) III-84

Table 110: Asia-Pacific 15-Year Perspective for Wind Energy
by Geographic Region - Percentage Breakdown of Installed
Capacity in Megawatts for India, China, Australia, and Rest
of Asia-Pacific for the Years 2003, 2011 & 2017 (includes
corresponding Graph/Chart) III-85

Table 111: Asia-Pacific 15-Year Perspective for Wind Energy
by Geographic Region - Percentage Breakdown of Capacity
Additions in Megawatts for India, China, Australia, and Rest
of Asia-Pacific for the Years 2003, 2011 & 2017(includes
corresponding Graph/Chart) III-86

5a. CHINA III-87
A.Market Analysis III-87
A Brief Overview of the Chinese Wind Energy Market III-87
China - The Largest and Fastest Growing Wind Energy Market
Worldwide III-87
Renewable Energy Sources - Need of the Hour III-87
Law on Renewable Resources - Promoting Alternate Energy III-88
Wind Energy - High Potential for Growth III-88
China to Dominate Worldwide Developments in the Wind Energy
Sector III-88
Table 112: Leading Wind Turbine Manufacturers in China
(2008): Percentage Breakdown of Turbine Sales for Sinovel,
Goldwind, Dongfang (DFEM), Vestas, Gamesa, Suzlon, Nordex,
Acciona, GE and Others (includes corresponding
Graph/Chart) III-89
B.Market Analytics III-90
Table 113: Chinese Recent Past, Current & Future Analysis of
Installed Wind Energy Capacity in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-90

Table 114: Chinese Recent Past, Current & Future Analysis of
Wind Energy Capacity Additions in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-90

Table 115: Chinese Historic Review of Installed Wind Energy
Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-91

Table 116: Chinese Historic Review of Wind Energy Capacity
Additions in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-91

5b. INDIA III-92
A.Market Analysis III-92
A Brief Overview of the Indian Wind Energy Market III-92
A Developing Pioneer of Wind Energy III-92
Indian Wind Energy Industry - Marching Ahead III-92
Renewable Energy Act, 2005 III-93
Renewable Energy Market in India - A Primer III-93
Suzlon Loses Grip, as European Giants Gain III-94
B.Market Analytics III-94
Table 117: Indian Recent Past, Current & Future Analysis of
Installed Wind Energy Capacity in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-94

Table 118: Indian Recent Past, Current & Future Analysis of
Wind Energy Capacity Additions in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-95

Table 119: Indian Historic Review of Installed Wind Energy
Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-95

Table 120: Indian Historic Review of Wind Energy Capacity
Additions in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-96

5c. AUSTRALIA III-97
A.Market Analysis III-97
A Brief Overview of the Australian Wind Energy Market III-97
Huge Prospects Lie Within III-97
Major Challenges III-97
Potential Opportunities III-98
Key Wind Energy Projects in Australia: 2001 - 2009 III-98
Industry Structure III-99
Outlook III-100
Pacific Hydro Pty Ltd - A Key Player III-100
B.Market Analytics III-101
Table 121: Australian Recent Past, Current & Future Analysis
of Installed Wind Energy Capacity in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-101

Table 122: Australian Recent Past, Current & Future Analysis
of Wind Energy Capacity Additions in Megawatts for the Years
2009 through 2017 (includes corresponding Graph/Chart) III-101

Table 123: Australian Historic Review of Installed Wind
Energy Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-102

Table 124: Australian Historic Review of Wind Energy
Capacity Additions in Megawatts for the Years 2003 through
2008 (includes corresponding Graph/Chart) III-102

5d. REST OF ASIA-PACIFIC III-103
A.Market Analysis III-103
New Zealand III-103
Table 125: Operating Wind Farms in New Zealand (2009)
(includes corresponding Graph/Chart) III-103
B.Market Analytics III-104
Table 126: Rest of Asia-Pacific Recent Past, Current &
Future Analysis of Installed Wind Energy Capacity in
Megawatts for the Years 2009 through 2017 (includes
corresponding Graph/Chart) III-104

Table 127: Rest of Asia-Pacific Recent Past, Current &
Future Analysis of Wind Energy Capacity Additions in
Megawatts for the Years 2009 through 2017 (includes
corresponding Graph/Chart) III-104

Table 128: Rest of Asia-Pacific Historic Review of Installed
Wind Energy Capacity in Megawatts for the Years 2003 through
2008 (includes corresponding Graph/Chart) III-105

Table 129: Rest of Asia-Pacific Historic Review of Wind
Energy Capacity Additions in Megawatts for the Years 2003
through 2008 (includes corresponding Graph/Chart) III-105

6. MIDDLE EAST & AFRICA III-106
Market Analytics III-106
Table 130: The Middle East & Africa Recent Past, Current &
Future Analysis of Installed Wind Energy Capacity in
Megawatts for the Years 2009 through 2017. (Includes
corresponding Graph/Chart) III-106

Table 131: The Middle East & Africa Recent Past, Current &
Future Analysis of Wind Energy Capacity Additions in
Megawatts for the Years 2009 through 2017 (includes
corresponding Graph/Chart) III-107

Table 132: The Middle East & Africa Historic Review of
Installed Wind Energy Capacity in Megawatts for the Years
2003 through 2008 (includes corresponding Graph/Chart) III-107

Table 133: The Middle East & Africa Historic Review of Wind
Energy Capacity Additions in Megawatts for the Years 2003
through 2008 (includes corresponding Graph/Chart) III-108

7. LATIN AMERICA III-109
A.Market Analysis III-109
The Cost Curve III-109
Competition III-109
What Does It Take to Develop the Wind Energy Market in Latin
America? III-109
Brazil III-110
Table 134: Leading Wind Farms in Brazil (2009): Breakdown
By Capacity Installations (In MW) (includes corresponding
Graph/Chart) III-110
Mexico III-111
Table 135: Leading Wind Energy Projects Currently in
Operation in Mexico (2009) (includes corresponding
Graph/Chart) III-111

Table 136: leading Wind Energy Projects Under Construction
in Mexico (2009) (includes corresponding Graph/Chart) III-111
B.Market Analytics III-112
Table 137: Latin American Recent Past, Current & Future
Analysis of Installed Wind Energy Capacity in Megawatts for
the Years 2009 through 2017 (includes corresponding
Graph/Chart) III-112

Table 138: Latin American Recent Past, Current & Future
Analysis of Wind Energy Capacity Additions in Megawatts for
the Years 2009 through 2017 (includes corresponding
Graph/Chart) III-112

Table 139: Latin American Historic Review of Installed Wind
Energy Capacity in Megawatts for the Years 2003 through 2008
(includes corresponding Graph/Chart) III-113

Table 140: Latin American Historic Review of Wind Energy
Capacity Additions in Megawatts for the Years 2003 through
2008 (includes corresponding Graph/Chart) III-113

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 156 (including Divisions/Subsidiaries - 191)

------------------------------------------
Region/Country Players
------------------------------------------
The United States 73
Canada 21
Japan 4
Europe 47
France 5
Germany 13
The United Kingdom 12
Italy 6
Spain 11
Rest of Europe 24
Asia-Pacific (Excluding Japan) 22
------------------------------------------

Exploitation of renewable energy resources is being increasingly acknowledged worldwide in preparation to serve the higher and increasing energy needs in the 21st century. This is reflected in the rapid growth in the global wind turbine market during the five-year period preceding 2011. The market is expected to largely retain this pace of growth in the years ahead. Wind energy represents the fastest growing energy source among renewable resources worldwide. Significant demand exists for wind energy worldwide, with demand emerging from the developed as well as developing parts of the world. While developed countries in the West dominated the global market for wind energy hitherto, China edged past these markets to become the largest market worldwide in terms of total installed capacity in the year 2010. India and Brazil also offers tremendous prospects for the industry players, while demand is also expected to emerge from developed markets, such as the US.

Manufacturers of wind turbines, as much as those involved in the manufacture of solar panels, are facing the brunt of oversupply of raw materials and a fall in their prices. This is the major reason for Solyndra to go bankrupt. A similar situation is prevalent in the wind energy sector as well, where the global leader in wind turbine manufacture, Vestas Wind Systems, is embarking on a massive job and production cuts. Large scale decline in the prices of raw materials, and increasing competition from the Chinese manufacturers have forced the company to cut production and labor to become competitive. With economic recovery plans, initiated to bail out ailing industries in the wake of the global recession, gradually being phased out worldwide, the prospects for clean energy sector appear to be tough in 2011 and in the near term. With no huge support coming from the government, the industry is faced with a situation where it is required to be more cost-effective and competitive in the years ahead. Demand-wise, substantial potential exists from the developed as well as developing regions. This offers significant revenue potential for the industry in the years ahead, alongside increasing demand from developing countries. However, cost-effectiveness remains the key for the industry’s success in the years ahead.

Onshore technology, which entails the establishment of wind farms on the land, represents the largest segment in the global wind energy market. One of the key factors leading to the lower penetration of the offshore technology is that this technology is in its nascent stages. Despite of the significant success of this technology, the higher costs associated with installation, operation and maintenance of offshore turbines becomes a major hurdle for proliferation of this technology. In 2010, offshore wind turbine supply grew significantly over supply in 2009. In addition to the total capacity supply, the offshore segment also witnessed a moderate growth in the average size of turbine that reached 1,655 kW. The share of offshore turbines is likely to improve in the years as countries with long coastlines look to take advantage of this geographical advantage to establish offshore wind farms.

The global wind energy market has witnessed a spurt in long-term research activities/projects. The urgency of long-term research designed to complement product development has led governments to pump in significant resources as investments for research projects. To pragmatically achieve the slated “2020 target” of meeting 12% of the world’s electricity needs from the winds, extensive research and development into wind energy technology is imperative. Although the cost of wind energy has drastically declined over the past few years, a further reduction of 30% to 50% is required if wind energy is to compete on par with conventional energies. Appropriate funding and co-ordination of R&D activities could very well help in achieving a cost reduction of 40%. The International Energy Agency (IEA) has established a flexible framework for joint R&D projects, and technology transfer among member countries such as Australia, Austria, Canada, Denmark, Finland, Germany, Greece, Italy, Japan, Mexico, the Netherlands, New Zealand, Norway, Spain, Sweden, the United Kingdom, and the United States.

Europe represents the largest market for wind energy worldwide, in terms of installed capacity, as stated by the new market research report on Wind Energy. Dominance of Europe in the wind energy market is driven by significant demand for wind energy from countries such as Germany, Spain, France and Italy. However, Europe is losing market share to Asia-Pacific, which is projected to emerge as the fastest growing regional market for wind energy worldwide. Asia-Pacific also leads in terms of fastest growth potential, and is projected to expand over the years at the highest CAGR of about 42.5% through 2017.

Key market participants profiled in the report include American Electric Power, AES Corporation, Cielo Wind Power, Dongfang Electric Corporation, Enel SpA, Enercon GmbH, Gamesa Corp., Green Mountain Energy Company, GE Energy, Goldwind, NextEra Energy Resources, Shell WindEnergy Inc., Sinovel Wind Group Co., Suzlon Energy Limited, TransAlta Wind, and Vestas Wind Systems A/S.

Global Industry Analysts ©

The Companies Mentioned inside this Report include:

- merican Electric Power
- AES Corporation
- Cielo Wind Power
- Dongfang Electric Corporation
- Enel SpA
- Enercon GmbH
- Gamesa Corp.
- Green Mountain Energy Company
- GE Energy
- Goldwind
- NextEra Energy Resources
- Shell WindEnergy Inc.
- Sinovel Wind Group Co
- Suzlon Energy Limited
- TransAlta Wind
- Vestas Wind Systems A/S.