Wind Turbine Oppoirtunities and Outlook
Technology Innovations, Regulatory Structures, Key Market Players, and Global Growth Drivers
New wind power generation capacity additions grew from 13% of all electricity additions in 2007 to 40% in 2008, reaching 121 GW by the end of 2008, up from 94 GW the year before (29% growth). The global market for wind turbines will continue to grow through 2015 driven by new generation additions as well as replacements of smaller, older turbines with new, larger, more efficient turbines.
Drivers of growth include rising demand for electricity, pro-wind regulatory environments, advantages over other renewables, and technological innovations driving down lifetime costs of producing wind power. Still, the growth of wind power will be inhibited by persistent economic disadvantages to traditional fuels and transmission line constraints. Taking these factors into account, Pike Research expects wind turbine sales to reach $43 billion by 2015.
This Pike Research report analyzes the opportunities and challenges facing wind power particularly turbine manufacturers in the current economic and political climate. The report provides a deep examination of the key market factors in the wind industry, including technology issues, regulatory frameworks, access to capital and financing structures, supply chain issues, and the wind turbine competitive landscape. Key players in the wind energy business are profiled and the report also includes rich quantitative analysis including market sizing, segmentation, market share analysis of top turbine vendors, and global growth forecasts by country through 2015.
Key questions addressed:
- What will be the global installed wind generation capacity by 2015?
- How many turbines will be required to meet wind generation capacity goals, including replacing aging fleets?
- What are the key industry growth drivers and challenges inhibiting growth of wind power?
- What are the economics of turbine manufacturing, installation, operations, and maintenance?
- What technological advances may drive down the lifetime costs of wind power production?
- What market shares do the top turbine manufacturers have of installed wind generate on capacity?
Who needs this report?
- Wind turbine manufacturers (OEM and components)
- Wind energy developers
- Wind turbine raw materials suppliers
- Wind energy investors
- Wind energy EPC (engineering, procurement, construction) providers
- Government agencies and regulatory officials
- Industry associations
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