Monday, 14 December 2015

Wind Power Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast, 2014 - 2020

Worldwide, use of clean energy is on the rise – state-led initiatives and growing public awareness to conserve the environment are the reasons cited for the same. These efforts are bringing a radical change in the renewable energy sector, wind power being one of them. In wind energy generation, however, the maintenance of turbines and other equipment is a herculean task, which limits the usefulness of this energy form.

Browse Full Global Wind Power Market Report With Complete TOC @

Wind Energy Production Scenario in the West: a Snapshot

Wind energy installations worldwide recorded a capacity of 34-35 GW (gigawatts) in 2013, according to the Global Wind Energy Council. There has been a decline in the global wind power market demand for wind energy in the last decade, mainly because of a drop in wind power production in China and the U.S. Nevertheless, in Europe, wind power is a favored energy source, mainly due to its renewability. In the region, countries such as Germany and the U.K. will lead the wind power market, with eastern and central European countries such as Finland, Sweden, Turkey, Poland, and Denmark exhibiting moderate demand for wind power.

After the U.K. and Germany, which are currently the leading markets for offshore wind, China is gearing up to commence production of its massive offshore wind farms project with a capacity of a few hundred MW in the foreseeable years. In this regard, administrative and regulatory clearances are underway and other details pertaining to the applicable fixed tariff for offshore wind farms is under assessment, which on completion will propel the wind power market in China significantly.

In the U.S., the offshore wind power market is still in a nascent stage and testing is ongoing to gauge the frequency of offshore wind availability. In this regard, the Deepwater Block Island project and the Cape Wind Project in Massachusetts have received clearance for commencement.

Availability of Wind Resources and Technical Expertise Drives Japan Wind Power Market

Other than these countries, Japan stands as an important market for wind power. Infrastructural development, combined with the availability of scientific expertise, is the reason for the country to possess a huge potential to harness wind energy for power production. Thanks to added capabilities for domestic offshore wind operations and maintenance and the presence of a robust supply chain network, wind energy is a mainstream energy source in Japan.

Japan’s standing in the global wind power market is due to the country being home to the first floating offshore wind farm and its adjoining substation in the Fukushima region of the country. The first of its kind, these projects received clearances from the authorities in a relatively short period of less than two years, with the production capacity expected to be increased in the coming years as more and more sophisticated equipment is brought into use. This includes the utilization of high-capacity floating and semisubmersible spars for enhanced capacity.

India and China Wind Power Markets Rising due to High Government Support

In the developing economies of China and India, strong regulatory support and availability of funds from both private and public parties will support the growth of the renewable energy sector, which includes wind power, solar power etc. In these countries, government agencies and stakeholders involved in the energy sector, in collaboration with financial institutions, have the capability to propel the wind energy market and safeguard the energy needs of the future, mitigating the adverse effects of non-renewable energy sources on the climate.

Some of the major companies operating in the wind power market are AWS Truepower, DNV GL, Enercon India Pvt Limited, GE Wind Energy Limited, Indowind Energy Limited, Newan Power Company Ltd., LLC, Blue Sky Energy Inc., Wind world India Limited, Orient Green Power Limited, Aban Loyd Chiles Offshore Ltd., and Suzlon Energy among others.

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