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This report provides market drivers and restraints and a list of main industry participants. In this research, expert analysts thoroughly examine the following geographic markets: North America, Europe, Asia Pacific, and Rest-of-World.
Global Wind Power Market’s Installed Capacity of 193,621 MW in 2010 is Expected to Grow at a CAGR of 16.5 Percent to Reach 569,673 MW by 2017
Increasing Need for Energy Security to Keep the Wind Power Market Flying High
Rising government concerns about energy security and independence, escalating energy costs, volatility of fuel prices, and government incentives for renewable energy have given a huge thrust to the global wind power market in the last three years. Almost half of the total installed capacity was located in Europe in 2010; however, the market is forecast to grow in all regions. The Asia Pacific accounted for 31.4 percent of the total installed capacity in 2010 and is likely to become the central location for new wind power installations and increase its share to 41.3 per cent by 2017. Taking note of the ever-increasing energy consumption around the world, governments have been designing support mechanisms and organizing funding programs to promote renewable energy deployment. The incentives and subsidies implemented are different in each region, but they all have the same objective - a more sustainable model of energy usage. Wind power, with government handholding and financial incentives, is emerging as the renewable energy source that is most competitive with conventional energy.
The higher consumption of energy has made the extraction of fossil fuel more expensive and difficult. Consequently, some of the major economies of the world are increasingly relying on imported fuel at unpredictable costs. Recognizing the importance of addressing power generation and climate change, governments are diversifying their energy portfolio by promoting policies that encourage climate science and clean energy technology development. Wind power does not involve fuel costs, geo-political risks, or supply dependence on imported fuels from politically unstable regions. As a result, there is a growing trend toward enhancing the domestic supply of energy for energy independence. While wind energy is the fastest growing source of electricity generation in terms of annual installed capacity, it is also giving a good account of itself in terms of revenues. The market was worth $56.89 billion in 2010 and is anticipated to grow at a compound annual growth rate (CAGR) of 13.7 percent from 2010 to 2017 to touch $137 billion.
Even the economic downturn of 2009 and the resultant credit crunch failed to completely dampen the market, as wind global market installations exceeded 10 GW in 2009 due to the American Recovery and Reinvestment Act of 2009. The Act extended the production tax credit (PTC) through 2012, and allowed wind power generator companies to receive a grant of up to 30 percent of the property’s value, established by the bill. However, market uncertainty about the extension of the cash grant after 2010, the PTC after 2012, and lower demand for renewable energy have reduced wind power installations during 2010. Even though the impact of this challenge is not the same for all regions, it is expected to restrict the market till 2011. The market can rebound from this setback by making the most of utilities’ need to replace ageing conventional power plants with sustainable, renewable energy plants. Utilities will also be attracted to this option as wind installations can be expanded without the need to upgrade the existing transmission infrastructure.
Expert analysts thoroughly examine the following market sectors in this research:
By Geographic Region
TABLE OF CONTENTS
1. Executive Summary
1.1 Market Engineering Methodology
1.2 Market Scope and Segmentation
1.3 Market Overview
1.4 Market Drivers and Restraints
1.5 Market Analysis
1.6 Market Summary
2. Market Overview
2.1 Introduction
2.2 Research Definitions and Segmentation
2.3 Market Engineering Measurements
2.4 Top Four Industry Challenges
2.5 Major Challenges Analysis
3. Market Drivers and Restraints
3.1 Market Drivers
3.2 Market Drivers Analysis
3.3 Market Restraints
3.4 Market Restraints Analysis
4. Market Forecasts
4.1 Installed Capacity Forecasts
4.2 Revenue Forecasts
5. Market Trends Analysis
5.1 Technology Trends
5.2 Capital Cost Analysis
5.3 Industry Structure and Distribution Channels
5.4 Market Share Analysis
6. Analysis of Major Participants
6.1 Vestas Wind Systems A/S
6.2 Siemens Wind Power
6.3 General Electric Company (GE Wind)
6.4 Sinovel Wind Group Co., Ltd.
6.5 Enercon GmbH
7. Conclusions
7.1 Conclusions
8. North American Wind Power Market
8.1 Market Overview
8.2 Market Engineering Measurements
8.3 Installed Capacity Forecasts
8.4 Revenue Forecasts
8.5 Market Share Analysis
8.6 Analysis of Major Participants
9. European Wind Power Market
9.1 Market Overview
9.2 Market Engineering Measurements
9.3 Installed Capacity Forecasts
9.4 Revenue Forecasts
9.5 Market Share Analysis
9.6 Analysis of Major Participants
10. Asia Pacific Wind Power Market
10.1 Market Overview
10.2 Market Engineering Measurements
10.3 Installed Capacity Forecasts
10.4 Revenue Forecasts
10.5 Market Share Analysis
10.6 Analysis of Major Participants
11. Rest-of-World Wind Power Market
11.1 Market Overview
11.2 Market Engineering Measurements
11.3 Installed Capacity Forecasts
11.4 Revenue Forecasts
11.5 Market Share Analysis
11.6 Analysis of Major Participants
LIST OF FIGURES
Wind Power Market: Impact of Top Four Industry Challenges (World), 2011-2017
Wind Power Market: Market Drivers Ranked in Order of Impact (World), 2011-2017
Wind Power Market: Market Restraints Ranked in Order of Impact (World), 2011-2017
Wind Power Market: Installed Capacity Forecasts (World), 2007-2017
Wind Power Market: Revenue Forecasts (World), 2007-2017
Wind Power Market: Offshore Installed Capacity by Country (World), 2010
Wind Power Market: Average O&M Cost by Type of WTG (World), 2010
Wind Power Market: Installed Capacity Forecasts (North America), 2007-2017
Wind Power Market: Revenue Forecasts (North America), 2007-2017
Wind Power Market: Installed Capacity Forecasts (Europe), 2007-2017
Wind Power Market: Revenue Forecasts (Europe), 2007-2017
Wind Power Market: Installed Capacity Forecasts (Asia Pacific), 2007-2017
Wind Power Market: Revenue Forecasts (Asia Pacific), 2007-2017
Wind Power Market: Installed Capacity Forecasts (Rest-of-World), 2007-2017
Wind Power Market: Revenue Forecasts (Rest-of-World), 2007-2017
LIST OF CHARTS
Wind Power Market: Market Forecasts (World), 2010 and 2017
Wind Power Market: Top Two Market Drivers and Restraints (World), 2011-2017
Wind Power Market: Market Analysis by Region (World), 2010
Wind Power Market: Percent of Installed Capacity by Region (World), 2010
Wind Power Market: Market Share of Major Participants Based on Installations (World), 2010
Wind Power Market: Market Engineering Measurements (World), 2010
Wind Power Market: Installed Capacity Forecasts (World), 2007-2017
Wind Power Market: Revenue Forecasts (World), 2007-2017
Wind Power Market: Offshore Installed Capacity by Country (World), 2010
Wind Power Market: Evolution of Average Turbine Size (World), 2000-2010
Wind Power Market: Capital Cost Structure for a 2 MW Wind Turbine (World), 2010
Wind Power Market: Capital Cost Forecasts (World), 2010-2017
Wind Power Market: Industry Structure (World), 2010
Wind Power Market: Market Share of Major Participants Based on Onshore Installations (World), 2010
Wind Power Market: Market Share of Major Participants Based on Onshore Installations (World), 2009 and 2010
Wind Power Market: Market Share of Major Participants Based on Offshore Installations (World), 2010
Wind Power Market: Market Share of Major Participants Based on Offshore Installations (World), 2009 and 2010
Wind Power Market: Market Engineering Measurements (North America), 2010
Wind Power Market: Installed Capacity Forecasts (North America), 2007-2017
Wind Power Market: Revenue Forecasts (North America), 2007-2017
Wind Power Market: Market Share Range of Major Participants Based on Installations (North America), 2010
Wind Power Market: Market Share Range of Major Participants Based on Installations (North America), 2009 and 2010
Wind Power Market: Market Engineering Measurements (Europe), 2010
Wind Power Market: Installed Capacity Forecasts (Europe), 2007-2017
Wind Power Market: Revenue Forecasts (Europe), 2007-2017
Wind Power Market: Market Share Range of Major Participants Based on Installations (Europe), 2010
Wind Power Market: Market Share Range of Major Participants Based on Installations (Europe), 2009 and 2010
Wind Power Market: Market Engineering Measurements (Asia Pacific),2010
Wind Power Market: Installed Capacity Forecasts (Asia Pacific), 2007-2017
Wind Power Market: Revenue Forecasts (Asia Pacific), 2007-2017
Wind Power Market: Market Share Range of Major Participants Based on Installations (Asia Pacific), 2010
Wind Power Market: Market Share Range of Major Participants Based on Installations (Asia Pacific), 2009 and 2010
Wind Power Market: Market Engineering Measurements (Rest-of-World),2010
Wind Power Market: Installed Capacity Forecasts (Rest-of-World), 2007-2017
Wind Power Market: Revenue Forecasts (Rest-of-World), 2007-2017
Wind Power Market: Market Share Range of Major Participants Based on Installations (Rest of World), 2010
Wind Power Market: Market Share Range of Major Participants Based on Installations (Rest of World), 2009 and 2010
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