Global wind turbine market by type (onshore and offshore), by region (Europe, Asia, North America, Latin America, Pacific, Middle East and Africa), by installed capacity (cumulative and new installed capacity). Global wind turbine services revenue by region (Europe, Asia, North America, Latin America, Pacific, Middle East and Africa, market share of Major players in global wind turbine market by sales and services revenue (Vestas, Nordex, Enercon, GE Renewables, Ming Yang, Siemens - Gamesa, GoldWind, Suzlon, Senvion and RRB Energy).
2. Global wind turbine market by type (onshore and offshore), by region
(Europe, Asia, North America, Latin America, Pacific, Middle East and
Africa), by installed capacity (cumulative and new installed capacity).
Global wind turbine services revenue by region (Europe, Asia, North
America, Latin America, Pacific, Middle East and Africa, market share of
Major players in global wind turbine market by sales and services
revenue (Vestas, Nordex, Enercon, GE Renewables, Ming Yang,
Siemens - Gamesa, GoldWind, Suzlon, Senvion and RRB Energy).
3. Local manufacturing will get boost as some major companies have
announced projects to establish manufacturing units in the new and
emerging markets.
Reduction in subsidies on primary sources of electricty will make wind
energy more price competitive making it an attractive option for
investment in energy sector.
Offshore wind turbine market will gain momentum as cost of installation
falls. Demand for large size turbine will gain momentum.
Wind turbine services industry will register a booming growth as
installed capacity of turbines increases.
4. Wind energy generation has evolved over the years to emerge as key
renewable energy generation method. All countries in the world
receive wind strong enough to generate some wind energy. It is
expected that demand for wind turbines will increase, mainly fuelled
by China, Germany and the US. Significant contribution is expected to
come from India and South Africa. Larger size turbines (greater than 2
MW) will be in great demand and is expected that cost of installation
per MW will fall further. Many of the offshore wind projects will use
turbines of a size greater than 5 MW. Share of offshore wind turbine is
expected to increase by the end of 2021. It is expected that unit cost
of wind turbine per MW will register a continuous decline in future as
technology improves and better efficiency and height is achieved.
Service market is expected to gain substantial boost from aging
turbines in the European and the US market.
5. Analysts at Ken Research in their latest publication, Global Wind
Turbine Market by Type (Onshore, Offshore), by Services and
Installation Revenue, Regions, Installed Capacity – Outlook to
2021 believe that promoting local manufacturing through incentives,
tax benefits and promulgating favorable laws that promote wind
energy will give boost to the sale of wind turbine in the global market.
Investment in R&D related to wind mapping will help better
assessment of wind potential and selection of type of turbine. Global
Wind turbine market is expected to register positive CAGR during the
period 2016-2021. Commitment to reduce carbon emission, falling
LCOE and technological knowhow along with improving learning
curve are expected to have positive impact on the demand for wind
turbines and related services.
6. For more information on the research report, refer to below link:
https://www.kenresearch.com/energy-and-utilities/clean-
technology/global-wind-turbine-market/142273-103.html
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