Onshore Wind Energy Market Share, Current Trends, Opportunities and Forecast to 2023

Onshore Wind Energy Market Research Report- Forecast to 2023

Onshore Wind Energy Market Share, Current Trends, Opportunities and Forecast to 2023

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Copyright Š 2018 Market Research Future.

Onshore Wind Energy Market Research Report- Forecast to 2023

1 Summary Wind power is the electricity generated from the wind energy which is converted into electrical energy with the help of rotors and generators. Since the growth of renewables is maximum in the current scenario, wind energy is gaining attention from power generators. Wind energy has capability to generate a higher capacity of electricity than other renewable sources. Wind farms and wind parks are created to optimize the wind energy to the maximum and generate approximately 6 to 8 MW of power. For instance Gansu Wind Farm of China has the capacity to produce 6.8 MW of power. Innovation in the wind turbine sector is shaping the onshore wind energy scenario with focus on Leveled Cost of electricity. Siemens has come up with a direct drive concept of wind energy, which has fewer components and consequently cuts down the costs of maintenance. .

Key Players: The key players of global onshore wind energy market are Siemens AG (Germany), Envision energy (China), General Electric Wind Energy (U.S.), Suzlon (India), Vestas Wind System A/S (Denmark), Enercon GmbH (Germany) Mitsubishi Power Systems (Japan), Nordex S.E. (Germany), Repower (Switzerland), Gazelle Wind Turbines (U.K.), and Clipper Wind Power (UK) are among others.

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Copyright Š 2018 Market Research Future.

Onshore Wind Energy Market Research Report- Forecast to 2023

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Market Overview

Global onshore wind market is expected to grow at a faster pace shortly, the main reasons being increased context of energy supply, and demand and rising demand for renewable energy in electricity generation mix. Global Wind Energy Council has estimated that there has been an increase of wind power from 92.4 GW in 2007 to 494.6 GW in 2017. This proves the promising future of wind power in the near future.

Besides the increasing projects in the construction of wind farms and wind parks is driving the market for onshore wind energy market. More wind farm projects from U.S. and China are witnessing the growth of wind power. However, higher outputs from offshore wind farm and more focus on offshore wind projects, is restraining the onshore wind energy market.

Segments

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Copyright Š 2018 Market Research Future.

Onshore Wind Energy Market Research Report- Forecast to 2023

3 Market Research Analysis The global onshore wind energy market is expected to witness phenomenal growth during the forecast period. Asia Pacific dominated the global onshore wind energy market in 2017. In Asia Pacific increasing installed capacity of electricity along with increasing emphasis on renewable energy in China, India, and Japan is likely to drive onshore wind energy market growth over the forecast period. North America and Europe are also expected to witness significant growth over the forecast period. The increasing concern for clean energy coupled with strict regulations for conventional power generation, encourage the growth in these regions.

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Copyright Š 2018 Market Research Future.

Onshore Wind Energy Market Research Report- Forecast to 2023

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Copyright Š 2018 Market Research Future.