Global & China Wind Turbine Market by Offshore/Onshore Type, Geography, Installed Capacity, Price Trends & Forecasts (2010 – 2015)
Research and Markets has announced the addition of the “Global & China Wind Turbine Market By Offshore/Onshore Type, Geography, Installed Capacity, Price Trends & Forecasts (2010 2015)” report to their offering.
Global & China Wind Turbine Market
The energy demand from renewable source has been rising in this decade. Global Wind turbine cumulative installed capacity has reached to 159 GW in 2009 from 292.9 GW in 2003 which is increase of whopping 310%. The future wind growth potential also looks very promising. According to our research, installed capacity is expected to increase by 173% and reach 434.5 GW by 2015. The industry growth is supported by market drivers like increasing price of non-renewable energy like crude oil and natural gas, growing energy consumption particularly from emerging countries, pro-wind regulatory environment for wind projects & wind farms and increase in utility scale wind energy generation plants.
China is the largest and fastest growing market which has recorded whopping 449% growth over last six years and reached 26 GW installed capacity in 2009 from mere 567 MW in 2003. China market is expected to show similar growth of increase by 282% with new addition of 73.3 GW installations between 2009 and 2015.
Benefited by Chinese market growth, Asia Pacific became the fastest growing region. In 2009, Asia Pacific lead the growth with addition of 16 GW of wind turbines, followed by America with 11.6 GW and then Europe with 10.5 GW. Other parts of world could manage 168 MW new installations in 2009. China, the fastest growing market, alone added 13.8 GW, 86% of Asia Pacific and 36% of global installations. Chinas turbine market growth is supported by the internal market drivers such as government support through various subsidies, increasing turbine demand from existing and proposed wind farms and inexpensive raw material availability. China is also become the best place for turbine and component manufacturing due to cheaper resources availability.
Recently Chinese govt has removed 70% domestic content policy which has been supported the domestic players to maintain larger market shares till now. With removal of this rule has eased MNCs to set up new manufacturing facilities in China. Entry of foreign players will put the pressure on domestic players in terms of delivering technically superior products.
The intended audience of this report includes:
* Wind turbine component suppliers
* Wind farm developers and investors
* Raw material suppliers
* Government agencies and industry associations
Key Topics Covered:
2 Executive Summary
3 Global Wind Turbine Market Overview
4 Competitive Landscape
5 Company Profiles Global Players
6 China Wind Turbines Market Overview
7 Company Profiles Chinese Players
* China Mingyang Wind Power Group Ltd.
* CSIC Haizhuang Windpower Equipment Co., Ltd.
* Dongfang Electric Corporation (Dec)
* Envision Energy
* Guodian United Power Technology Co., Ltd.
* Shanghai Electric Group Company Ltd.
* Sinovel Wind Co. Ltd.
* Xemc Windpower Co. Ltd
* Xinjiang Goldwind Science & Tech Co. Ltd.
Source: businesswire, February 14, 2011