Wind Turbine Market Scope
Over the past couple of decades due to increasing industrialization and commercialization has increased fossil fuel consumption, and since the global non-renewable energy source consumption has been robustly increased, this has led to promote and encourage the uses of renewable energy source such as wind energy solar energy and many others. In addition to this, the robustly increasing prices of fossil fuels will also escalate the demand for wind turbines. Moreover, increasing government reimbursements will further improve wind turbine business growth over the forecasted period.
According to AMA, the Global Wind Turbine market is expected to see growth rate of 7.11% Research Analyst at AMA estimates that European Manufacturers will contribute to the maximum growth of Global Wind Turbine market throughout the predicted period.
Goldwind (China), Leitwind (Italy), Nordex SE (Germany), Senvion S.A. (Germany), Siemens Wind Power and Renewables (Germany), Vestas Wind Systems A/S (Denmark), Suzlon Energy Ltd. (India), Enercon GmbH (Germany), GE Renewable Energy (France) and GE Wind Energy GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Sinovel Wind Group Company (China), China Ming Yang Wind Power Group Limited (China), Siemens Gamesa Renewable Energy S.A. (Spain) and Guodian United Power Technology Company Ltd. (China).
Segmentation Overview
The study have segmented the market of Global Wind Turbine market , by Application (Industrial, Power Generation, Telecommunication, Agriculture, Commercial and Residential) and Region with country level break-up.
On the basis of geography, the market of Wind Turbine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, Spain, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Average Wind Turbine Capacity, Rotor Diameter, and Hub Height Increased in the Last couple of Years and Upsurging Investments in Maximizing COst Efficiency of the Wind Power Projects
Market Growth Drivers:
Growing Need for the Adoption of Renewable Energy Sources, Increasing Government Reimbursements in Renewable Energy Source Establishments and Escalating Global Energy Consumption
Challenges:
Remotely Located Wind Power Projects are Far from Cities where the ELectricity is going to be Consumed and Turbines might Cause Noise and Aesthetic Pollution
Restraints:
Highly Capital Extensive Project Requires Huge Investments and Volatility in Average Wind Speeds across the Globe
Opportunities:
Increasing Awareness about Renewable Energy Sources and Continues Increase in the Fossil Fuel Prices
On August 8, 2017, "Goldwind Americas", a wholly-owned subsidiary of Xinjiang Goldwind Science & Technology Co., Ltd., (Goldwind) has signed agreements to supply One Energy Enterprises LLC with a total of 60 megawatts (MW) of Goldwind turbines for various distributed generation wind energy projects as part of One Energy’s innovative Wind for Industry model. As part of the framework agreement, a firm order of 20 GW 87/1500 turbines is scheduled for immediate delivery. The financing for One Energy’s projects is being provided by Prudential Capital Group (link is external) as part of a combined senior and subordinated debt facility.
In February 2011 the Government of United States has enacted legislation (S.B. 212) stating that wind dependent energy devices located on a pier within 500 feet of the mean high water line of tidal waters may not be prohibited. Facilities must meet other applicable laws and regulations and be an accessory use to other uses or purposes of the pier. The New Jersey Department of Environmental Protection has adopted amendments to the administrative rules governing energy facilities in coastal zones to effectuate this law. The current rules, which have been adopted and re-adopted as special amendments, are set to expire May 29, 2020.
Key Target Audience
Wind Turbine Manufacturers, Wind Turbine Distributors and Traders, Wind Energy Industry Associations, Research and Development Institutes, Government Agencies, Renewable Energy Providers and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.