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Wind Power - Global Market Trajectory & Analytics

  • ID: 338475
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ABB Limited
  • Acciona Energia SA
  • DeWind Inc.
  • Enel Green Power S.p.A.
  • ENERCON GmbH
  • Envision Energy Limited
  • MORE
Global Wind Power Market to Reach 69.7 Thousand Megawatts by 2027

Amid the COVID-19 crisis, the global market for Wind Power estimated at 58.3 Thousand Megawatts in the year 2020, is projected to reach a revised size of 69.7 Thousand Megawatts by 2027, growing at a CAGR of 2.6% over the period 2020-2027.

The U.S. Market is Estimated at 15.8 Thousand Megawatts, While China is Forecast to Grow at 4.8% CAGR

The Wind Power market in the U.S. is estimated at 15.8 Thousand Megawatts in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 14 Thousand Megawatts by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.

Select Competitors (Total 121 Featured):
  • ABB Limited
  • Acciona Energia SA
  • China Longyuan Power Group Corporation Limited
  • DeWind Inc.
  • Dongfang Electric Corporation Limited
  • Enel Green Power S.p.A.
  • ENERCON GmbH
  • Envision Energy Limited
  • Eurus Energy Holdings Corporation
  • GE Renewable Energy
  • Guodian United Power Technology Company Limited
  • MHI Vestas Offshore Wind A/S
  • Ming Yang Smart Energy Group Ltd.
  • NextEra Energy Resources, LLC
  • Nordex SE
  • Senvion S.A.
  • Siemens Gamesa Renewable Energy, S.A.
  • Suzlon Energy Limited
  • Vestas Wind Systems A/S
  • Xinjiang GoldWind Science & Technology Co., Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Limited
  • Acciona Energia SA
  • DeWind Inc.
  • Enel Green Power S.p.A.
  • ENERCON GmbH
  • Envision Energy Limited
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Wind Power: Advanced, Affordable, and Proven Choice of Low-Carbon Clean Energy
  • Market Snapshots
  • Recent Market Activity
  • Wind Turbine Innovations & Designs Summarized
  • Wind Turbine Implementation: Advancements and Challenges
  • Advancements
  • Challenges
  • Energy Driven Versus Environment Driven Markets
  • Classification of Environment Driven & Energy Driven Markets
  • Key Factors Hampering Deployments of Wind Energy
  • China and the US Dominate Wind Power Generation Worldwide
  • Leading Wind Power Countries Worldwide (2018): Ranking Based on Key Wind Power Facts
  • Asia-Pacific and Europe Dominate Wind Power Capacity Installations
  • Denmark Leads the World in Wind Turbine Manufacturing
  • Brazil: A High Potential Market for Wind Energy
  • Global Market Outlook
  • Developing Countries Spearhead Current and Future Market Growth
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • ABB Limited (Switzerland)
  • American Electric Power (USA)
  • China Longyuan Power Group Corporation Limited (China)
  • DeWind Inc. (USA)
  • Dongfang Electric Corporation Limited (China)
  • Enel Green Power S.p.A. (Italy)
  • ENERCON GmbH (Germany)
  • Wind World (India) Limited
  • Envision Energy Limited (China)
  • Eurus Energy Holdings Corporation (Japan)
  • General Electric Company (USA)
  • GE Renewable Energy (France)
  • Guodian United Power Technology Company Limited (China)
  • Ming Yang Smart Energy Group Ltd. (China)
  • NextEra Energy Resources, LLC (USA)
  • Nordex SE (Germany)
  • ACCIONA Windpower S.A. (Spain)
  • Pacific Hydro Pty Ltd. (Australia)
  • Senvion S.A. (Germany)
  • Shell WindEnergy, Inc. (USA)
  • Siemens AG (Germany)
  • Siemens Gamesa Renewable Energy, S.A. (Spain)
  • Suzlon Energy Limited (India)
  • TransAlta Corporation (Canada)
  • Vestas Wind Systems A/S (Denmark)
  • MHI Vestas Offshore Wind A/S (Denmark)
  • Xinjiang GoldWind Science & Technology Co., Ltd. (China)
  • VENSYS Energy AG (Germany)
3. MARKET TRENDS & DRIVERS
  • Escalating Climate Change and the Resulting Renewable Energy Revolution Drive Strong Market Growth for Wind Power
  • Wind Energy Costs on a Downward Trend
  • The IneviTable Shift to Renewable Sources of Energy
  • Promising Outlook for Renewable Energy in both Developed and Developing Markets
  • Wind and Solar Expansion Lead to Renewable Power Revolution
  • Renewable Energy Offers Strong Competition to Established Power Sources
  • Recent Trends in the Renewable Energy Market Summarized
  • Technology Developments and Removal of Political Barriers Essential for Growth of Renewable Energy
  • Surging Renewable Energy Investments in Developing Countries Provide the Perfect Platform for Market Expansion
  • Auction Models, Lack of Subsidies & High Interest Rates: Leading to Future Market Uncertainty?
  • Growing Popularity & Share of Wind Energy in Total Energy Mix Benefit Market Demand
  • Increasing Investments in Solar and Wind Power Disrupting Global Electricity Systems and Benefiting Adoption
  • Offshore Wind Power Generation: The New Frontier to Race Ahead of Onshore Production in the Long Run
  • Offshore Wind Energy: Turning Point and Innovations
  • Offshore Wind Power: At the Forefront of Innovation
  • Offshore-Wind Energy Penetration and the Major Challenges
  • Rising Popularity of Small Wind Turbines Bodes Well for Market Growth
  • Shift towards Larger, Hybrid, and Taller Wind Power Turbines Gain Traction
  • Quest for Larger Machines Lead to Steady Increase in Wind Turbine Size
  • Potential Size Limits
  • Performance of Large Wind Turbines
  • Extensive Range of Design Options for Wind Turbines Bodes Well for Market Adoption
  • Wind Energy Research & Development Projects Get a Shot in the Arm Leading to Increase in Patent Filing
  • Prospects of Wind Energy: Mystifying Favoritism?
  • Myriad Benefits of Wind Energy Drive Widespread Installations
  • List of Wind Generated Electrical Power Benefits
  • Important Factors Supporting the Rising Prominence of Wind Power
  • Spiraling Electricity Appetite from Ballooning Global Population Drive Market Demand
  • Wind Power Emerge as a Cost-Competitive and Reliable Energy Resource
  • Critical Role of Technological Advancement in Improving Wind Power Technologies
  • Improvement in Power Generation Capacity
  • Enhancing Reliability and Performance of System Component
  • Research Supporting Advancement of Wind Turbine Systems
  • Innovative Interface Technology for Wind Turbine Condition Monitoring
  • Drones: An Efficient Technology for Wind Turbine Inspections
  • Air-Borne Wind Technology in Place of Traditional Wind Turbine
  • Bladeless Wind Turbines
  • EnergySails: Harnessing Wind and Solar Energy on Ships
  • High Flying Turbines: A Major Breakthrough for Harnessing More Wind Power
  • Advanced Algorithm Enhances Small Wind Turbines' Efficiency
  • Advanced Robot Systems for Examining Wind Turbine Rotor Blades
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Current & Future Analysis for Wind Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Wind Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Wind Power by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2020 & 2027
III. MARKET ANALYSIS
  • UNITED STATES
  • Table 4: USA Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 5: USA Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • CANADA
  • Table 6: Canada Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 7: Canada Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • JAPAN
  • Table 8: Japan Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 9: Japan Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • CHINA
  • Table 10: China Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 11: China Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • EUROPE
  • Table 12: Europe Current & Future Analysis for Wind Power by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
  • Table 13: Europe Historic Review for Wind Power by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • Table 14: Europe 15-Year Perspective for Wind Power by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2020 & 2027
  • FRANCE
  • Table 15: France Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 16: France Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • GERMANY
  • Table 17: Germany Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 18: Germany Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • ITALY
  • Table 19: Italy Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 20: Italy Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • UNITED KINGDOM
  • Table 21: UK Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 22: UK Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • SPAIN
  • Table 23: Spain Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 24: Spain Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • RUSSIA
  • Table 25: Russia Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 26: Russia Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • REST OF EUROPE
  • Table 27: Rest of Europe Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 28: Rest of Europe Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • ASIA-PACIFIC
  • Table 29: Asia-Pacific Current & Future Analysis for Wind Power by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
  • Table 30: Asia-Pacific Historic Review for Wind Power by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • Table 31: Asia-Pacific 15-Year Perspective for Wind Power by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2012, 2020 & 2027
  • AUSTRALIA
  • Table 32: Australia Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 33: Australia Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • INDIA
  • Table 34: India Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 35: India Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • SOUTH KOREA
  • Table 36: South Korea Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 37: South Korea Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • REST OF ASIA-PACIFIC
  • Table 38: Rest of Asia-Pacific Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 39: Rest of Asia-Pacific Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • LATIN AMERICA
  • Table 40: Latin America Current & Future Analysis for Wind Power by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
  • Table 41: Latin America Historic Review for Wind Power by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • Table 42: Latin America 15-Year Perspective for Wind Power by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2012, 2020 & 2027
  • ARGENTINA
  • Table 43: Argentina Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 44: Argentina Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • BRAZIL
  • Table 45: Brazil Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 46: Brazil Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • MEXICO
  • Table 47: Mexico Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 48: Mexico Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • REST OF LATIN AMERICA
  • Table 49: Rest of Latin America Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 50: Rest of Latin America Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • MIDDLE EAST
  • Table 51: Middle East Current & Future Analysis for Wind Power by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
  • Table 52: Middle East Historic Review for Wind Power by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • Table 53: Middle East 15-Year Perspective for Wind Power by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2012, 2020 & 2027
  • IRAN
  • Table 54: Iran Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 55: Iran Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • ISRAEL
  • Table 56: Israel Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 57: Israel Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • SAUDI ARABIA
  • Table 58: Saudi Arabia Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 59: Saudi Arabia Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • UNITED ARAB EMIRATES
  • Table 60: UAE Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 61: UAE Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • REST OF MIDDLE EAST
  • Table 62: Rest of Middle East Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 63: Rest of Middle East Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
  • AFRICA
  • Table 64: Africa Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2020 through 2027 and % CAGR
  • Table 65: Africa Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
IV. COMPETITION
  • Total Companies Profiled: 121
Note: Product cover images may vary from those shown
  • ABB Limited
  • Acciona Energia SA
  • China Longyuan Power Group Corporation Limited
  • DeWind Inc.
  • Dongfang Electric Corporation Limited
  • Enel Green Power S.p.A.
  • ENERCON GmbH
  • Envision Energy Limited
  • Eurus Energy Holdings Corporation
  • GE Renewable Energy
  • Guodian United Power Technology Company Limited
  • MHI Vestas Offshore Wind A/S
  • Ming Yang Smart Energy Group Ltd.
  • NextEra Energy Resources, LLC
  • Nordex SE
  • Senvion S.A.
  • Siemens Gamesa Renewable Energy, S.A.
  • Suzlon Energy Limited
  • Vestas Wind Systems A/S
  • Xinjiang GoldWind Science & Technology Co. Ltd.
Note: Product cover images may vary from those shown
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