Wind power market

Wind Power Market Anticipated To Grow At A CAGR Of 13.0% From 2014 To 2020

“Industrial applications accounted for more than 40% of the total market in 2014 and hence dominated the global market. In addition, industrial application is expected to witness fastest growth, growing at over 13% CAGR from 2015 to 2022. �

Global Wind Power Market is expected to reach 760.35 GW by 2020 on account of increasing regulatory support from governments particularly in Europe in order to reduce carbon emissions. Furthermore, financial incentives and tax benefits in countries such as U.K., Italy, Brazil, Spain, U.S. and China have fuelled growth leading to a significant market share in overall electricity generation.

Industrial applications accounted for more than 40% of the total market in 2014 and hence dominated the global market. In addition, industrial application is expected to witness fastest growth, growing at over 13% CAGR from 2015 to 2022.

Access Full Research Report on Wind Power Market: http://www.grandviewresearch.com/industry-analysis/wind-power-industry Rising energy needs in countries such as China, Brazil and India, owing to rapid industrialization is expected to have a positive impact on wind power generation

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industry. Wind power finds extensive use in various sectors including commercial heating/lighting applications and residential.

Europe had a cumulative installed capacity of 130.85 GW in 2014 and was the leading market for wind power. Europe’s framework legislation and its target to reduce carbon footprint by 2020 is expected to ensure continuous growth of the industry over the forecast period. Furthermore, large investment opportunities in countries including Ukraine and Russia are expected to have a positive impact on market growth. Growing demand from countries including Spain, France, U.K., Italy, and Germany is expected to drive market growth over the forecast period. However, market saturation is a major restraint for the region and is expected to hamper growth over the next six years.

Asia Pacific is expected to witness fastest growth going forward till 2022. Rising government initiatives undertaken by government of India and China to develop wind power generation as means to increase their renewable energy portfolio is likely to propel demand. Asia Pacific accounted for more than 34% of total installed capacity in 2012. Middle East and Africa is projected to be the fastest growing regional market at a CAGR more than 43%.

North America was the third largest wind power market in 2012. Regional market is expected to grow on account of extension of Production Tax Credit as a part of fiscal cliff package by the U.S. Congress. U.S added a large capacity for wind power generation in 201 and emerged as the largest source of new electricity generation by accounting for over 40% of capacity added.

Global wind power market is highly fragmented. Some of the major players operating in the global wind power industry include Gamesa, Sinovel, GE Wind, Vestas, Mingyang, Enercon, Goldwind, Suzlon Group, United Power and Siemen Further Key findings from the study suggest: 

Europe emerged as the leading market for wind power with a cumulative installed capacity of 109.80 GW of the total market in 2012. Europe’s framework legislation and its target to reduce carbon footprints by 2020 are expected to ensure continuous growth of wind power market in the region

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Germany, UK, Italy, Spain and France represent some of the leading markets in Europe. However, huge investment opportunities exist in the Eastern European countries such as Russia, Ukraine etc.

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Owing to rapid strides taken by India and China to develop wind power generation, Asia Pacific is expected to overtake Europe to lead the global market by 2020. Asia Pacific accounted for 35.6% of the total installed capacity in 2012.

Wind power accounted for a 2% of the total electricity produced in China up from 1.5% in 2011.

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North America emerged as the third largest wind power market in 2012.

Extension of Production Tax Credit as a part of fiscal cliff package by the U.S. Congress is expected to be a key factor driving the regional market for wind power. The U.S. saw a record number of capacity addition in 2012 as wind power emerged as the largest source of new electricity generation by accounting more than 40% of new capacity added.

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Some of the key companies operating in the global wind power market include GE Wind, Vestas, Siemens Wind Power, Enercon, Suzlon Group, Gamesa, Goldwind, United Power, Sinovel and Mingyang.

Read Our Blogs from Same Category By Grand View Research: http://www.grandviewresearch.com/blogs/energy-and-power Table of Content of Wind Power Market Research Report: Chapter 1 Executive Summary 1.1 Wind power– Industry Summary & Critical Success Factors (CSFs) Chapter 2 Wind powerIndustry Outlook 2.1 Market Segmentation 2.2 Market Size and Growth Prospects

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2.3 Wind powerValue Chain Analysis 2.4 Wind powerMarket Dynamics 2.4.1 Market driver analysis 2.4.1.1 Concerns about conventional energy 2.4.1.2 Regulatory support 2.4.2 Market restraint analysis 2.4.2.1 High cost 2.4.2.2 Intermittent production 2.5 Key Opportunities Prioritized 2.6 Industry Analysis - Porter's 2.7 Wind power- Company Market Share Analysis 2.8 Wind power- PESTEL Analysis Chapter 3 Wind power Application Outlook 3.1 Industrial 3.1.1. Global wind power demand for industrial applications, 2012-2020, (GW) 3.2 Residential

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3.2.1 Global wind power demand for residentialapplications, 20122020, (GW) 3.3 Commercial 3.3.1 Global wind power demand for commercial applications, 2012-2020, (GW) Chapter 4 Wind power Regional Outlook 4.1 North America 4.1.1 North America wind power market volume & revenue by application, 2012-2020 (GW) 4.2Europe 4.2.1 Europe wind power market volume & revenue by application, 20122020 (GW) 4.3 Asia Pacific 4.3.1 Asia Pacific wind power market volume & revenue by application, 2012-2020 (GW) 4.4 South & Central America 4.4.1 South & Central America wind power market volume & revenue by application, 2012-2020 (GW) 4.5 Middle East & Africa

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4.5.1 Middle East & Africa wind power market volume & revenue by application, 2012-2020 (GW) Chapter 5 Wind Power Competitive landscape 5.1 GE Wind 5.1.1 Company Overview 5.1.2 Financial Performance 5.1.3 Product Benchmarking 5.1.4 Strategic Initiatives 5.2 Vestas 5.2.1 Company Overview 5.2.2 Financial Performance 5.2.3 Product Benchmarking 5.2.4 Strategic Initiatives 5.3 Siemens Wind Power+ 5.3.1 Company Overview 5.3.2 Financial Performance 5.3.3 Product Benchmarking

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5.3.4 Strategic Initiatives 5.4 Enercon 5.4.1 Company Overview 5.4.2 Financial Performance 5.4.3 Product Benchmarking 5.4.4 Strategic Initiatives 5.5 Suzlon Group 5.5.1 Company Overview 5.5.2 Financial Performance 5.5.3 Product Benchmarking 5.5.4 Strategic Initiatives 5.6 Gamesa 5.6.1 Company Overview 5.6.2 Financial Performance 5.6.3 Product Benchmarking 5.6.4 Strategic Initiatives 5.7 Goldwind

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5.7.1 Company Overview 5.7.2 Financial Performance 5.7.3 Product Benchmarking 5.7.4 Strategic Initiatives 5.8 United Power 5.8.1 Company Overview 5.8.2 Financial Performance 5.8.3 Product Benchmarking 5.8.4 Strategic Initiatives 5.9 Sinovel.

5.9.1 Company Overview 5.9.2 Financial Performance 5.9.3 Product Benchmarking 5.9.4 Strategic Initiatives 5.10 Mingyang 5.10.1 Company Overview 5.10.2 Financial Performance

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5.10.3 Product Benchmarking 5.10.4 Strategic Initiatives Chapter 6 Methodology & Scope 6.1 Research Methodology 6.2 Research Scope & Assumptions 6.3 List of Data Sources About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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