Wind Energy Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMEP21527

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Published on

November 2021

Total pages

204

Table of Content

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About the Report

About the Report

With increasing electricity demand, wind energy is growing at an influential rate owing to its high efficiency and declining cost component. In addition to this as compared to other renewable power sources it has low maintenance cost. Further, reaching net zero will require bold actions by a large number of sectors, wind power is placed to be one of the cornerstones of green recovery to play an important role in accelerating the global green energy transition.

Green Wind Energy Council (GWEC) expects that over 469 GW of new onshore and offshore wind capacity will be added in the next five years that is until 2025. Explosive growth of wind turbine installations in China, Asia Pacific continues to take the lead in global wind power development with its share of the global market increasing by 8.5% in 2020.

Based on components, market is categorized into turbine, support structure, electrical infrastructure, and others. Support structure is the backbone of wind turbine. The blades and nacelle are mounted on top of a tower. These figures may be adjusted as turbine designs adapted, hub heights increase, blades become longer and lighter and components become more resilient or are replaced by more easily recyclable materials.

Based on application, the segment is bifurcated into onshore and offshore wind energy. Offshore wind turbines are much larger in size (in the range of 5 to 10 MW per turbine) as against 2-3 MW of an onshore wind turbine. While the cost per MW for offshore turbines is higher because of stronger structures and foundations needed in marine environment, the desirable tariffs can be achieved on account of higher efficiencies of these turbines after development of the eco system.

For better understanding of the market, the report provides detail analysis for major region and country including North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Spain, Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific) and Rest of World. Currently, Asia Pacific holds lucrative market share owing to growing focus on renewables energy.

Some of the major companies operating in the global wind energy market includes Nordex SE, Suzlon Energy Ltd., Orsted A/S, GE Renewable Energy, ABB Ltd., Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy SA, Xinjiang Goldwind Science & Technology Co., Ltd., Envision Energy Limited, Enercon GmbH.

Products


Companies

Nordex SE, Suzlon Energy Ltd., Orsted A/S, GE Renewable Energy, ABB Ltd., Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy SA, Xinjiang Goldwind Science & Technology Co., Ltd., Envision Energy Limited, Enercon GmbH

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency Used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Wind Energy Market

2.2. Research Methodology of the Wind Energy Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of Wind Energy Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL WIND ENERGY MARKET AMID COVID-19

6 GLOBAL WIND ENERGY MARKET REVENUE (USD MN), 2019-2027F

7 MARKET INSIGHTS BY COMPONENT

7.1. Turbine

7.2. Support Structure

7.3. Electrical Infrastructure

7.4. Others

8 MARKET INSIGHTS BY APPLICATION

8.1. Onshore

8.2. Offshore

9 MARKET INSIGHTS BY REGION

9.1. North America Wind Energy Market

9.1.1. United States

9.1.2. Canada

9.1.3. Rest of North America

9.2. Europe Wind Energy Market

9.2.1. Germany

9.2.2. United Kingdom

9.2.3. France

9.2.4. Spain

9.2.5. Rest of Europe

9.3. Asia-Pacific Wind Energy Market

9.3.1. China

9.3.2. Japan

9.3.3. India

9.3.4. Australia

9.3.5. Rest of Asia-Pacific

9.4. Rest of World Wind Energy Market

10 WIND ENERGY MARKET DYNAMICS

10.1. Market Drivers

10.2. Market Challenges

10.3. Impact Analysis

11 WIND ENERGY MARKET OPPORTUNITIES

12 WIND ENERGY MARKET TRENDS

13 LEGAL & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY SIDE ANALYSIS

14.1. Demand Side Analysis

14.2. Supply Side Analysis

14.2.1. Top Product Launches

14.2.2. Top Business Partnerships

14.2.3. Top Business Expansions, Investments and Divestitures

14.2.4. Top Merger and Acquisitions

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

16.1. Porter's Five Forces Analysis

16.1.1. Bargaining power of Supplier

16.1.2. Bargaining power of Buyer

16.1.3. Industry Rivalry

16.1.4. Availability of Substitute

16.1.5. Threat of new Entrants

16.2. Competitive Landscape

16.2.1. Company Shares, By Revenue

17 COMPANY PROFILED

17.1. Nordex SE

17.2. Suzlon Energy Ltd.

17.3. Orsted A/S

17.4. GE Renewable Energy

17.5. ABB Ltd.

17.6. Vestas Wind Systems A/S

17.7. Siemens Gamesa Renewable Energy SA

17.8. Xinjiang Goldwind Science & Technology Co., Ltd.

17.9. Envision Energy Limited

17.10. Enercon GmbH

18 DISCLAIMER

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