Research and Markets Publishes Wind Energy Report Ed 1 2011 (Ireland)
Research and Markets has announced the addition of the “Wind Energy Report Ed 1 2011” report to their offering.
Research and Analysis Highlights:
2010 was a weak year for the wind industry with only 37 GW installed. Once again growth was lead by the Chinese market, which accounted for around one of every two wind turbines installed. Consequently, China overtook the US to become the number one wind market. The top three Chinese manufacturers, Sinovel, Dongfang and Goldwind, all increased their world rankings in terms of installed capacity, and secured more international contracts for turbines.
Chinese manufacturers have also started to enter the offshore sector to compete with Vestas and Siemens, the two top manufacturers for wind projects. Sinovel is the main Chinese manufacturer as thirty four of its 3 MW turbines were installed off the coast of Shanghai in late 2010. Furthermore, the Chinese government recently awarded 1 GW of offshore projects to Chinese developers that plan to use turbines from domestic manufacturers.
The top five wind markets, China, the USA, Germany, Spain and India, are expected to remain the same in 2015 and 2020, with India swopping places with Spain in 2017 to be-come the fourth largest market. However, the top five markets will lose their market share as other existing and new markets install more capacity.
NRG Expert expects the installed capacity to reach 398 GW in 2015 and 667 GW in 2020. It is expected that Europe (including non EU countries) will represent some 38% of capacity, Asia 34% and North America 22% and remaining regions will count for 6%.
This report will provide you with essential information to design business strategies by understanding the trends, developments and predictions.
GE Energy (US)
Hara XEMC (China)
Mingyang Wind Power (China)
REpower Systems (Germany)
United Power (China)
Source: businesswire, October 12, 2011