Wind Power

World Market Report

MCP-1193

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DATE

JAN 2023

TABLES

202

PAGES

313

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MCP-1193


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HIGHLIGHTS & REPORT INDEX

What`s New for 2023?

»Special coverage on Russia-Ukraine war; global inflation; easing of "zero-Covid" policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
»Global competitiveness and key competitor percentage market shares
» Market presence across multiple geographies - Strong/Active/Niche/Trivial
»Online interactive peer-to-peer collaborative bespoke updates
»Access to our digital archives and MarketGlass Research Platform
»Complimentary updates for one year

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

Global Wind Power Market to Reach 70.4 Thousand Megawatts by 2030
In the changed post COVID-19 business landscape, the global market for Wind Power estimated at 58 Thousand Megawatts in the year 2022, is projected to reach a revised size of 70.4 Thousand Megawatts by 2030, growing at a CAGR of 2.4% over the period 2022-2030.

The U.S. Market is Estimated at 15.8 Thousand Megawatts, While China is Forecast to Grow at 4.2% CAGR
The Wind Power market in the U.S. is estimated at 15.8 Thousand Megawatts in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of 13.5 Thousand Megawatts by the year 2030 trailing a CAGR of 4.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.4% and 2.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

SELECT PLAYERS

ABB Limited; Acciona Energia SA; China Longyuan Power Group Corporation Limited; DeWind Inc.; Dongfang Electric Corporation Limited; Enel Green Power S.p.A.; ENERCON GmbH; Envision Energy Limited; Eurus Energy Holdings Corporation; GE Renewable Energy; Guodian United Power Technology Company Limited; MHI Vestas Offshore Wind A/S; Ming Yang Smart Energy Group Ltd.; NextEra Energy Resources, LLC; Nordex SE; Senvion S.A.; Siemens Gamesa Renewable Energy, S.A.; Suzlon Energy Limited; Vestas Wind Systems A/S; Xinjiang GoldWind Science & Technology Co., Ltd.

SEGMENTS

» Segment (Wind Power)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Wind Power: Advanced, Affordable, and Proven Choice of Low-Carbon Clean Energy
Market Snapshots
Recent Market Activity
Wind Turbine Innovations & Designs Summarized
Wind Turbine Implementation: Advancements and Challenges
Advancements
Challenges
Energy Driven Versus Environment Driven Markets
Classification of Environment Driven & Energy Driven Markets
Key Factors Hampering Deployments of Wind Energy
China and the US Dominate Wind Power Generation Worldwide
Leading Wind Power Countries Worldwide (2018): Ranking Based on Key Wind Power Facts
Asia-Pacific and Europe Dominate Wind Power Capacity Installations
Denmark Leads the World in Wind Turbine Manufacturing
Brazil: A High Potential Market for Wind Energy
Global Market Outlook
Developing Countries Spearhead Current and Future Market Growth
Wind Power – Global Key Competitors Percentage Market Share in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
ABB Limited (Switzerland)
American Electric Power (USA)
China Longyuan Power Group Corporation Limited (China)
DeWind Inc. (USA)
Dongfang Electric Corporation Limited (China)
Enel Green Power S.p.A. (Italy)
ENERCON GmbH (Germany)
Wind World (India) Limited
Envision Energy Limited (China)
Eurus Energy Holdings Corporation (Japan)
General Electric Company (USA)
GE Renewable Energy (France)
Guodian United Power Technology Company Limited (China)
Ming Yang Smart Energy Group Ltd. (China)
NextEra Energy Resources, LLC (USA)
Nordex SE (Germany)
ACCIONA Windpower S.A. (Spain)
Pacific Hydro Pty Ltd. (Australia)
Senvion S.A. (Germany)
Shell WindEnergy, Inc. (USA)
Siemens AG (Germany)
Siemens Gamesa Renewable Energy, S.A. (Spain)
Suzlon Energy Limited (India)
TransAlta Corporation (Canada)
Vestas Wind Systems A/S (Denmark)
MHI Vestas Offshore Wind A/S (Denmark)
Xinjiang GoldWind Science & Technology Co., Ltd. (China)
VENSYS Energy AG (Germany)
3. MARKET TRENDS & DRIVERS
Escalating Climate Change and the Resulting Renewable Energy Revolution Drive Strong Market Growth for Wind Power
Wind Energy Costs on a Downward Trend
The Inevitable Shift to Renewable Sources of Energy
Promising Outlook for Renewable Energy in both Developed and Developing Markets
Wind and Solar Expansion Lead to Renewable Power Revolution
Renewable Energy Offers Strong Competition to Established Power Sources
Recent Trends in the Renewable Energy Market Summarized
Technology Developments and Removal of Political Barriers Essential for Growth of Renewable Energy
Surging Renewable Energy Investments in Developing Countries Provide the Perfect Platform for Market Expansion
Auction Models, Lack of Subsidies & High Interest Rates: Leading to Future Market Uncertainty?
Growing Popularity & Share of Wind Energy in Total Energy Mix Benefit Market Demand
Increasing Investments in Solar and Wind Power Disrupting Global Electricity Systems and Benefiting Adoption
Offshore Wind Power Generation: The New Frontier to Race Ahead of Onshore Production in the Long Run
Offshore Wind Energy: Turning Point and Innovations
Offshore Wind Power: At the Forefront of Innovation
Offshore-Wind Energy Penetration and the Major Challenges
Rising Popularity of Small Wind Turbines Bodes Well for Market Growth
Shift towards Larger, Hybrid, and Taller Wind Power Turbines Gain Traction
Quest for Larger Machines Lead to Steady Increase in Wind Turbine Size
Potential Size Limits
Performance of Large Wind Turbines
Extensive Range of Design Options for Wind Turbines Bodes Well for Market Adoption
Wind Energy Research & Development Projects Get a Shot in the Arm Leading to Increase in Patent Filing
Prospects of Wind Energy: Mystifying Favoritism?
Myriad Benefits of Wind Energy Drive Widespread Installations
List of Wind Generated Electrical Power Benefits
Important Factors Supporting the Rising Prominence of Wind Power
Spiraling Electricity Appetite from Ballooning Global Population Drive Market Demand
Wind Power Emerge as a Cost-Competitive and Reliable Energy Resource
Critical Role of Technological Advancement in Improving Wind Power Technologies
Improvement in Power Generation Capacity
Enhancing Reliability and Performance of System Component
Research Supporting Advancement of Wind Turbine Systems
Innovative Interface Technology for Wind Turbine Condition Monitoring
Drones: An Efficient Technology for Wind Turbine Inspections
Air-Borne Wind Technology in Place of Traditional Wind Turbine
Bladeless Wind Turbines
EnergySails: Harnessing Wind and Solar Energy on Ships
High Flying Turbines: A Major Breakthrough for Harnessing More Wind Power
Advanced Algorithm Enhances Small Wind Turbines' Efficiency
Advanced Robot Systems for Examining Wind Turbine Rotor Blades
4. GLOBAL MARKET PERSPECTIVE
World Recent Past, Current & Future Analysis for Wind Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Megawatts for Years 2022 through 2030 and % CAGR
World Historic Review for Wind Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
World 16-Year Perspective for Wind Power by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
World Wind Power Market Analysis of Annual Sales in Megawatts for Years 2014 through 2030
UNITED STATES
Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
USA Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
USA Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
CANADA
Canada Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Canada Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
JAPAN
Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
Japan Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Japan Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
CHINA
Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
China Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
China Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
EUROPE
Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
Europe Recent Past, Current & Future Analysis for Wind Power by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in Megawatts for Years 2022 through 2030 and % CAGR
Europe Historic Review for Wind Power by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
Europe 16-Year Perspective for Wind Power by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2023 & 2030
FRANCE
Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
France Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
France Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
GERMANY
Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
Germany Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Germany Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
ITALY
Italy Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Italy Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
UNITED KINGDOM
Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
UK Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
UK Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
SPAIN
Spain Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Spain Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
RUSSIA
Russia Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Russia Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Rest of Europe Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
ASIA-PACIFIC
Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
Asia-Pacific Recent Past, Current & Future Analysis for Wind Power by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in Megawatts for Years 2022 through 2030 and % CAGR
Asia-Pacific Historic Review for Wind Power by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
Asia-Pacific 16-Year Perspective for Wind Power by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2023 & 2030
AUSTRALIA
Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
Australia Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Australia Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
INDIA
Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
India Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
India Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
SOUTH KOREA
South Korea Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
South Korea Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
REST OF ASIA-PACIFIC
Rest of Asia-Pacific Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Rest of Asia-Pacific Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
LATIN AMERICA
Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
Latin America Recent Past, Current & Future Analysis for Wind Power by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in Megawatts for Years 2022 through 2030 and % CAGR
Latin America Historic Review for Wind Power by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
Latin America 16-Year Perspective for Wind Power by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2014, 2023 & 2030
ARGENTINA
Argentina Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Argentina Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
BRAZIL
Brazil Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Brazil Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
MEXICO
Mexico Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Mexico Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
REST OF LATIN AMERICA
Rest of Latin America Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Rest of Latin America Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
MIDDLE EAST
Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
Middle East Recent Past, Current & Future Analysis for Wind Power by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in Megawatts for Years 2022 through 2030 and % CAGR
Middle East Historic Review for Wind Power by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
Middle East 16-Year Perspective for Wind Power by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2014, 2023 & 2030
IRAN
Iran Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Iran Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
ISRAEL
Israel Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Israel Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
SAUDI ARABIA
Saudi Arabia Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Saudi Arabia Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
UNITED ARAB EMIRATES
UAE Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
UAE Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
REST OF MIDDLE EAST
Rest of Middle East Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Rest of Middle East Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR
AFRICA
Wind Power Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
Africa Recent Past, Current & Future Analysis for Wind Power by Segment - Wind Power - Independent Analysis of Annual Sales in Megawatts for the Years 2022 through 2030 and % CAGR
Africa Historic Review for Wind Power by Segment - Wind Power Markets - Independent Analysis of Annual Sales in Megawatts for Years 2014 through 2021 and % CAGR

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