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Wind Power - Global Market Trajectory & Analytics

  • ID: 338475
  • Report
  • July 2020
  • Region: Global
  • 217 Pages
  • Global Industry Analysts, Inc
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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.We bring years of research experience to this 17th edition of our report. The 217-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • 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.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

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

Global Competitor Market Shares

Wind Power Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

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: Wind Power Global Market Estimates and Forecasts in Megawatts by Region/Country: 2020-2027
TABLE 2: Wind Power Global Retrospective Market Scenario in Megawatts by Region/Country: 2012-2019
TABLE 3: Wind Power Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

Market Analytics
TABLE 4: United States Wind Power Market Estimates and Projections in Megawatts: 2020 to 2027
TABLE 5: Wind Power Market in the United States: A Historic Review in Megawatts for 2012-2019

CANADA

TABLE 6: Canadian Wind Power Market Estimates and Forecasts in Megawatts: 2020 to 2027
TABLE 7: Canadian Wind Power Historic Market Review in Megawatts: 2012-2019

JAPAN

TABLE 8: Japanese Market for Wind Power: Annual Sales Estimates and Projections in Megawatts for the Period 2020-2027
TABLE 9: Wind Power Market in Japan: Historic Sales Analysis in Megawatts for the Period 2012-2019

CHINA

TABLE 10: Chinese Wind Power Market Growth Prospects in Megawatts for the Period 2020-2027
TABLE 11: Wind Power Historic Market Analysis in China in Megawatts: 2012-2019

EUROPE

Market Facts & Figures

Market Analytics
TABLE 12: European Wind Power Market Demand Scenario in Megawatts by Region/Country: 2020-2027
TABLE 13: Wind Power Market in Europe: A Historic Market Perspective in Megawatts by Region/Country for the Period 2012-2019
TABLE 14: European Wind Power Market Share Shift by Region/Country: 2012 VS 2020 VS 2027

FRANCE

TABLE 15: Wind Power Market in France: Estimates and Projections in Megawatts for the Period 2020-2027
TABLE 16: French Wind Power Historic Market Scenario in Megawatts: 2012-2019

GERMANY

TABLE 17: Wind Power Market in Germany: Recent Past, Current and Future Analysis in Megawatts for the Period 2020-2027
TABLE 18: German Wind Power Historic Market Analysis in Megawatts: 2012-2019

ITALY

TABLE 19: Italian Wind Power Market Growth Prospects in Megawatts for the Period 2020-2027
TABLE 20: Wind Power Historic Market Analysis in Italy in Megawatts: 2012-2019

UNITED KINGDOM

TABLE 21: United Kingdom Market for Wind Power: Annual Sales Estimates and Projections in Megawatts for the Period 2020-2027
TABLE 22: Wind Power Market in the United Kingdom: Historic Sales Analysis in Megawatts for the Period 2012-2019

SPAIN

TABLE 23: Spanish Wind Power Market Estimates and Forecasts in Megawatts: 2020 to 2027
TABLE 24: Spanish Wind Power Historic Market Review in Megawatts: 2012-2019

RUSSIA

TABLE 25: Russian Wind Power Market Estimates and Projections in Megawatts: 2020 to 2027
TABLE 26: Wind Power Market in Russia: A Historic Review in Megawatts for 2012-2019

REST OF EUROPE

TABLE 27: Rest of Europe Wind Power Market Estimates and Forecasts in Megawatts: 2020-2027
TABLE 28: Wind Power Market in Rest of Europe in Megawatts: A Historic Review for the Period 2012-2019

ASIA-PACIFIC

TABLE 29: Asia-Pacific Wind Power Market Estimates and Forecasts in Megawatts by Region/Country: 2020-2027
TABLE 30: Wind Power Market in Asia-Pacific: Historic Market Analysis in Megawatts by Region/Country for the Period 2012-2019
TABLE 31: Asia-Pacific Wind Power Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027

AUSTRALIA

TABLE 32: Wind Power Market in Australia: Recent Past, Current and Future Analysis in Megawatts for the Period 2020-2027
TABLE 33: Australian Wind Power Historic Market Analysis in Megawatts: 2012-2019

INDIA

TABLE 34: Indian Wind Power Market Estimates and Forecasts in Megawatts: 2020 to 2027
TABLE 35: Indian Wind Power Historic Market Review in Megawatts: 2012-2019

SOUTH KOREA

TABLE 36: Wind Power Market in South Korea: Recent Past, Current and Future Analysis in Megawatts for the Period 2018-2027
TABLE 37: South Korean Wind Power Historic Market Analysis in Megawatts: 2012-2019

REST OF ASIA-PACIFIC

TABLE 38: Rest of Asia-Pacific Market for Wind Power: Annual Sales Estimates and Projections in Megawatts for the Period 2020-2027
TABLE 39: Wind Power Market in Rest of Asia-Pacific: Historic Sales Analysis in Megawatts for the Period 2012-2019

LATIN AMERICA

TABLE 40: Latin American Wind Power Market Trends by Region/Country in Megawatts: 2020-2027
TABLE 41: Wind Power Market in Latin America in Megawatts by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 42: Latin American Wind Power Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027

ARGENTINA

TABLE 43: Argentinean Wind Power Market Estimates and Forecasts in Megawatts: 2020-2027
TABLE 44: Wind Power Market in Argentina in Megawatts: A Historic Review for the Period 2012-2019

BRAZIL

TABLE 45: Wind Power Market in Brazil: Estimates and Projections in Megawatts for the Period 2020-2027
TABLE 46: Brazilian Wind Power Historic Market Scenario in Megawatts: 2012-2019

MEXICO

TABLE 47: Wind Power Market in Mexico: Recent Past, Current and Future Analysis in Megawatts for the Period 2020-2027
TABLE 48: Mexican Wind Power Historic Market Analysis in Megawatts: 2012-2019

REST OF LATIN AMERICA

TABLE 49: Rest of Latin America Wind Power Market Estimates and Projections in Megawatts: 2020 to 2027
TABLE 50: Wind Power Market in Rest of Latin America: A Historic Review in Megawatts for 2012-2019

MIDDLE EAST

TABLE 51: The Middle East Wind Power Market Estimates and Forecasts in Megawatts by Region/Country: 2020-2027
TABLE 52: Wind Power Market in the Middle East by Region/Country in Megawatts: 2012-2019
TABLE 53: The Middle East Wind Power Market Share Breakdown by Region/Country: 2012, 2020, and 2027

IRAN

TABLE 54: Iranian Market for Wind Power: Annual Sales Estimates and Projections in Megawatts for the Period 2020-2027
TABLE 55: Wind Power Market in Iran: Historic Sales Analysis in Megawatts for the Period 2012-2019

ISRAEL

TABLE 56: Israeli Wind Power Market Estimates and Forecasts in Megawatts: 2020-2027
TABLE 57: Wind Power Market in Israel in Megawatts: A Historic Review for the Period 2012-2019

SAUDI ARABIA

TABLE 58: Saudi Arabian Wind Power Market Growth Prospects in Megawatts for the Period 2020-2027
TABLE 59: Wind Power Historic Market Analysis in Saudi Arabia in Megawatts: 2012-2019

UNITED ARAB EMIRATES

TABLE 60: Wind Power Market in the United Arab Emirates: Recent Past, Current and Future Analysis in Megawatts for the Period 2018-2027
TABLE 61: United Arab Emirates Wind Power Historic Market Analysis in Megawatts: 2012-2019

REST OF MIDDLE EAST

TABLE 62: Wind Power Market in Rest of Middle East: Recent Past, Current and Future Analysis in Megawatts for the Period 2020-2027
TABLE 63: Rest of Middle East Wind Power Historic Market Analysis in Megawatts: 2012-2019

AFRICA

TABLE 64: African Wind Power Market Estimates and Projections in Megawatts: 2020 to 2027
TABLE 65: Wind Power Market in Africa: A Historic Review in Megawatts for 2012-2019

IV. COMPETITION

Total Companies Profiled: 121

Note: Product cover images may vary from those shown
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