NEW YORK, Jan. 5, 2018 /PRNewswire/ -- The global
market for wind turbine should reach $51.5
billion in 2017 and $71.2
billion by 2022, growing at a compound annual growth rate
(CAGR) of 6.7% from 2017 to 2022.
Read the full report: https://www.reportlinker.com/p05264584
• North America market for wind
turbine should reach $10.5 billion in
2017 and $15.3 billion by 2022,
growing at a CAGR of 7.8% from 2017 to 2022.
• Asia-Pacific market for wind
turbine should reach $19.6 billion in
2017 and $26.1 billion by 2022,
growing at a CAGR of 5.9% from 2017 to 2022.
Chapter 1: Introduction
Study Goals and Objectives
BCC Research's goal in conducting this study was to determine the
status of the wind turbine industry of the following four regions:
North America, Europe, Asia-Pacific (APAC) and Rest of World (ROW).
The report includes a segregation of the industry by application,
technology, market type, installation, and component type over the
period from 2016 to 2022.
A key objective was to present a comprehensive analysis of the
current wind turbine market and its future direction, including the
following:
• Wind turbine market analysis by type (by value and volume):
independent power producers, investor-owned utilities, public power
utilities, and rural electric cooperatives.
• Wind turbine market analysis by application (by value and
volume): on grid and off grid.
• Wind turbine market analysis by region (by value and volume):
North America, Europe, Asia-
Pacific and ROW.
• Wind turbine market analysis by technology (by value and volume):
horizontal, vertical and experimental.
• Wind turbine market analysis by installation type (by value and
volume): onshore and offshore.
• Onshore wind turbine market analysis by region (by value and
volume): North America,
Europe, Asia-Pacific and ROW.
• Offshore wind turbine market analysis by region (by value and
volume): North America,
Europe, Asia-Pacific and ROW.
• Wind turbine component market analysis by region (by value and
volume): North America,
Europe, Asia-Pacific and ROW.
• Wind tower market analysis by region (by value and volume):
North America, Europe, Asia-
Pacific and ROW.
• Wind turbine rotor blade market analysis by region (by value and
volume): North America,
Europe, Asia-Pacific and ROW.
• Wind turbine gearbox market analysis by region (by value and
volume): North America,
Europe, Asia-Pacific and ROW.
• Wind turbine generator market analysis by region (by value and
volume): North America,
Europe, Asia-Pacific and ROW.
Reasons for Doing This Study
The wind turbine industry is expanding, in terms of both newly
installed turbines and average turbine capacity. This study will
take a closer look at the wind turbine installation and purchasing
trends in the four regions—North America, Europe, Asia-Pacific (APAC) and Rest of World (ROW)—as
well as the growth potential of the wind turbine industry.
This report measures and forecasts the global market for wind
turbines. The manufacturing of wind turbines to address global
demand has seen strong growth, and this report studies the extent
of the manufacturing activity of wind turbines as well as the
manufacturing of the many supporting components that BCC Research
examined in a previous report on wind turbines. Since this industry
is changing rapidly, we wanted to conduct another analysis and
project the growth potential of this important market.
This report answers the following 10 key questions:
• Q.1. What are some of the potential, high-growth opportunities
for the global wind turbine industry by region, application,
technology, market type, installation, and component type?
• Q.2. Which products/segments in the wind turbine industry will
grow at a faster pace and why?
• Q.3. Which regions in the wind turbine industry will grow at a
faster pace and why?
• Q.4. What are the key factors affecting market dynamics in the
wind turbine industry?
• Q.5. What are the business risks and threats in the wind turbine
industry?
• Q.6. What are emerging trends in the wind turbine industry and
the reasons behind them?
• Q.7. What mergers and acquisition are taking place in the wind
turbine industry?
• Q.8. What are the recent developments in the wind turbine
industry? Which companies are leading these developments?
• Q.9. Who are the major players in the wind turbine industry?
• Q.10. What is the extent of competitive rivalry and threat of
substitution in the wind turbine industry?
Intended Audience This study will be of interest to the
following organizations and institutions:
• Wind turbine manufacturers.
• Wind turbine component and equipment providers.
• Wind maintenance and service companies.
• Utilities and wind developers seeking opportunities.
• Financial institutions assessing risk and opportunities.
• Consultancies specializing in the wind industry.
• Renewables policy makers—national or regional.
• Advertising agencies working with clients in the wind energy
industry to understand and to develop messages and images that will
influence consumers to purchase these products.
Scope of Report
The scope of this study encompasses the major wind turbine markets
and their component markets. Each market is analyzed to determine
its current status (2016), and the future market is forecast (2017
through 2022).
Technological issues including the latest trends are discussed.
Other factors such as rising energy costs, changing government
regulations, and improving efficiencies are reviewed. The wind
energy industry is evaluated on a nationwide basis, both from a
manufacturing and energy capacity point of view.
The report also examines government support and activities of wind
industry organizations.
The market size for future onshore and offshore wind power
generation has been estimated by studying the possible future
technology trends in the market. This report analyzes and forecasts
the market volume and revenue for the onshore and offshore wind
energy markets and provides an analysis of the market size of wind
power in terms of capacity (megawatt, or MW) and revenue in U.S.
billion dollars (USD billions).
Estimated values used are based on manufacturers' total revenues.
Projected and forecasted revenue values are in constant U.S.
dollars, unadjusted for inflation.
Information Sources
BCC Research surveyed approximately 150 companies to obtain data
for this study. Included were manufacturers of wind turbines and
their components, as well as national wind power organizations.
We also researched wind turbine purchasers in a variety of markets.
In addition, we compiled data from current financial and trade
information, and government and industry sources, including in
large part data from the American Wind Energy Association projects
database.
Methodology
This research project was designed for the purposes of determining
the opportunity for the wind turbine industry in the near future.
Wind market analysis, trends, and forecast data are estimated to
help in making investment, business or strategic decisions.
This study is a culmination of five months of full-time effort
performed by BCC Research's analyst team.
Our analysts used the following sources for the creation and
completion of this valuable report:
• In-depth secondary research and telephonic interviews with
leading players in the wind industry.
• In-depth analysis of financial statements and annual reports of
the leading players in the wind industry.
• Extensive search of current published literature, and market and
database information including industry news, company press
releases, and customer intentions.
• A compilation of the experiences, judgments, and insights of
Lucintel's professionals, who have analyzed and tracked the wind
industry over the years.
BCC Research collects a significant amount of uninterpreted data
from a variety of sources and converts this into intelligent data.
The intelligent data is used by our clients for making confident
business decisions.
Geographic Breakdown
In this report, the geographic regions considered for market
analysis include, and only include:
North America:
• U.S.
• Mexico.
• Canada.
Europe:
• Germany.
• Spain.
• U.K.
• France.
• Italy.
• Sweden.
• Turkey.
• Poland.
• Portugal.
• Denmark.
• Netherlands.
• Rest of Europe.
Asia-Pacific:
• PR China.
• India.
• Japan.
• South Korea.
• Taiwan.
• Pakistan.
• Australia.
ROW:
• Brazil.
• South Africa.
• Chile.
• Uruguay.
Global Wind Turbine Market, by Market Type (by Value and
Volume)
Independent power producers
Investor-owned utilities
Public power utilities
Rural electric cooperatives
Global Wind Turbine Market, by Application (by Value and
Volume)
On grid
Off grid
Global Wind Turbine Market, by Region (by Value and
Volume)
North America
Europe
Asia-Pacific
ROW
Global Wind Turbine Market, by Technology (by Value and
Volume)
Horizontal
Vertical
Experimental
Global Wind Turbine Market, by Installation Type (by Value and
Volume)
Onshore
Offshore
Chapter 2: Summary and Highlights
With rising environmental concerns and increasing government focus
on curbing carbon footprints, there has been a surge in demand for
alternative sources of energy. To cater to this increasing demand
for clean and sustainable energy, there is a dire need to use all
renewable sources of energy, including wind.
Globally, wind energy holds a significant share in terms of the
energy produced from alternative sources worldwide, and it is
expected to grow further in the near future. This, in turn, will
increase the demand for wind turbines in the global market.
In 2016, the global wind turbine market was estimated at
$46.3 billion. The market is expected
to grow at a compound annual growth rate (CAGR) of 6.7% from 2017
to 2022 to reach an estimated value of $71.2
billion by 2022. Fluctuating oil prices, strong government
support, and growing demand for energy are the primary factors
driving the market for wind turbines.
Read the full report: https://www.reportlinker.com/p05264584
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