MarketsandMarkets: Global Wind Turbine Market Will Reach $73.5 Billion With Installed Capacity Of 434.5 GW Globally Including 99.3 GW in China by 2015By Marketsandmarkets, PRNE
Monday, January 24, 2011
DALLAS, January 25, 2011 - According to a new market research report, 'Global & China Wind Turbine
Market (2010 - 2015) (
published by MarketsandMarkets (www.marketsandmarkets.com), new wind
turbines capacity of 236.6 GW would be installed between 2010 and 2015,
representing a CAGR of 17% in global installed capacity for the same period.
In 2015, the market will generate $73.5 billion revenue from turbine sales.
Browse 108 market data tables/figures and in-depth TOC on Global and
China Wind Turbine Market. Early buyers will receive 10% customization of
Increasing prices of non-renewable energy sources, growing energy
consumption especially from emerging countries, pro-wind regulatory
environment for wind projects and increases in utility scale wind energy
generation farms have put the world at 159 GW installed capacity at the end
of 2009. Investments in wind energy, new trends of technological improvements
and increased focus towards offshore wind potential made the industry grow at
a compound annual growth rate (CAGR) of 6% in per year installations and 17%
in cumulative installed capacity between 2010 and 2015.
The fastest growing region would be Asia Pacific, with per year
installations CAGR of 11.3% expected to outpace Europe by 2013. At the end of
2015, Asia Pacific will be at 183 GW installed capacity followed by Europe at
144 GW and American (North & South) at 105 GW. The growth of Asia Pacific is
led by China, with CAGR of 15.4% in annual installations and 24.6% in
cumulative installed capacity during 2010 to 2015. China's 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 will also be the best place for turbine and component
manufacturing, with top 15 OEMs expected to have presence in the country.
However policies and regulations in China are mainly supporting the domestic
players. About 70% of turbine components should be manufactured within china
as per government rule. Chinese players utilized and have the lion's share of
the domestic market with market share of more than 75% in 2009. However,
recently the Chinese government has relaxed the rule in order to support more
competition from foreign players. So it is expected that many MNCs would set
up new manufacturing facilities in China. Hence domestic players will likely
to face pressure on their margins and also have to compete with technically
superior foreign players. The price per MW of wind turbines are also expected
to come down from 2009 levels by 2015 due to increased supply.
The report 'Global & China Wind Turbine Market' is divided into two
chapters. Chapter one will have extensive analysis of the Global wind turbine
market and Chapter two is about China's wind turbine market. The objective of
report is to highlight key market trends which can be strategically useful
and actionable for the stakeholders i.e. turbine manufacturers, turbine
component suppliers, raw material suppliers, wind farm developers, investors
government agencies and industry associations. The entire report is supported
with a lot of facts and figures about market size, market revenues, prices
per MW, raw materials and cost structures. The total number of tables and
figures are about 108 in the report. The report also forecasts the wind
turbine market and possible scenario till 2015.
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