According to the study report by Transparency
Market Research subjected on "Global Wind Energy and Wind
Turbine Market (2011 - 2016)" – the global market for wind
turbine registered growth rate of 25% CAGR over the last five years.
The Global Wind Energy Market cumulative capacity accounted for
197,039 MW in 2010. Also, the wind turbine market is expected to
attain market size of USD 93.1 billion in 2016, while wind energy
cumulative capacity will rise to 1,750,000 MW by 2030.
Wind energy is going to play an important role in
our energy industry in the near future. Several investments in wind
energy, increased focus towards offshore wind potential and new
trends of technological improvements made the global wind energy
market grow at a rate of 25% CAGR over the last 5 years. As per
estimates, the wind turbine market has also experienced an
approximate growth rate of 28% globally, and is further expected to
grow at an increasing double-digit growth rate in the global market.
This 190 page report gives
readers a comprehensive overview of the Onshore Wind Energy
market.Browse through 11 data tables and
65 figures to unlock the hidden opportunities in this
market@
The wind energy
technology made its inception approximately 20 years back, and since
then it has continuously evolved and expanded its base globally. Due
to steady and continuous evolution in the wind energy market and wind
turbine market, the modern wind technology can now be functioned
effectively at suitable sites with high, as well as low wind speeds.
In addition, the development of new light weight material in wind
turbines have helped in phasing out the
old-fashioned, bulky
turbines from the market, and introduced new sleek and effective
turbine designs.
This report provides
comprehensive analysis and in-depth insights about the current market
trends, developments including market challenges, industry drivers &
and future outlook & growth opportunities existing in the global
wind energy market and wind turbine market. It also discusses the
current scenario of the onshore technology that is leading with
approximately 95% share, while offshore technology due to its nascent
stage is pacing with 5% market share.
The offshore
technology costs are high due to the high O&M costs. However, the
onshore technology cannot be compared to the offshore market, as the
latter is still considered as a rising star. U.S. was the largest
onshore wind energy market in 2010 followed by Germany and China.
Till 2010, Europe accounted to be the largest market for wind energy
followed by the Asia-Pacific and North American markets.
Nevertheless, China is expected to attain a global rank ahead of
U.S., thereby becoming a market leader by 2016. This is due to the
increase in investments, large land mass, and its long coastline.
The technology of
generating electricity using wind turbines has been around for
decades. The two segments of the wind turbine market that consume
the majority of the markets globally are the Horizontal Axis Wind
Turbine (HAWT) and Vertical Axis Wind Turbine (VAWT).
Get accurate market forecast and analysis on
the Onshore Wind Energy market. Request a sample to stay abreast on
the key trends impacting this market@
Amongst the two, the HAWT market generates the major chunk of
revenue to the turbine market capturing approximately 90% share.
Indeed, the power generation using wind turbines needs very high
financial investment in designing and manufacturing turbines, but the
ongoing investment has very low maintenance though.
The report also covers
the strategies followed by "Global Wind Energy and Wind Turbine
Market" players. This market is characterized as highly
competitive market with some of the key players such as, GE Energy,
Gamesa, Vestas, Suzlon, Siemens, Mitsubishi, and more.
Onshore Wind Energy Market: Regional Analysis
North America
- The U.S.
- Canada
- Mexico
Asia-Pacific
- Australia
- India
- China
- New Zealand
- Japan
- South Korea
- Taiwan
- Others
Europe
- The U.K.
- Denmark
- Belgium
- Germany
- Finland
- Sweden
- Norway
- Ireland
- Portugal
- Spain
- The Netherlands
- France
- Italy
- Poland
- Austria
- Ukraine
- Turkey
- Greece
- Romania
- Others
The Middle East & Africa
- Iran
- Morocco
- Tunisia
- Egypt
- Others
South & Central America
- Argentina
- Brazil
- Costa Rica
- Others
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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