Global Wind Power Market, Forecast to 2025

Global Wind Power Market, Forecast to 2025

$100 Billion a Year of Global Investment Forecast as Wind Becomes Increasingly Competitive with Conventional Fuels

RELEASE DATE
10-Nov-2017
REGION
Global
Research Code: MCD2-01-00-00-00
SKU: EG01841-GL-MR_21079

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Description

The global wind power market is driven by national governments' push to improve energy security, and in particular, to reduce coal consumption due to growing concerns about climate change and air pollution. The global wind power market has achieved exceptionally high growth rates over the past few years. More than half of the world’s wind power capacity has been added over the past five years.

By the end of 2016, more than 80 countries installed wind farms and about 26 countries—representing every region—with more than 1 GW in operation. This study provides a comprehensive overview of the global wind market (onshore and offshore). The global wind power market had yet another record-breaking year. By end of 2016, more than 54 GW of new installed capacity was added, bringing the global cumulative capacity to about 487 GW.

The base year for the study is 2016, while forecasts have been provided from 2017 to 2025. The global wind power market is expected to reach a cumulative installed capacity of 1,000 GW by the end of 2025, with Asia-Pacific as the dominant region. The offshore wind market is expected to grow at a much faster pace, while the onshore wind market is expected to progress slowly.

The study explains the various factors that act as drivers and restraints to the market, both global and regional. This study also includes a global scale and regional scale forecast of the revenue and annual installed capacity until the end of forecast period. Finally, the study concludes by giving the three major predictions for the future of global wind power market.

Key Questions this Study will Answer:
• How was the global wind power market (onshore and offshore) in 2015? How much global wind energy is projected to reach in 2025?
• What are the key drivers and restraints influencing the wind power market in the global and regional scales?
• Who are the key participants in the global wind power market? Who are the key participants for each region? What are their respective shares in the market?
• Which regions across the world are bound to be geographical hotspots in the next 5 to 10 years? How much growth can be anticipated from these regions?
• What are the main technological advancements aiding the growth of wind energy? Which technologies will drive the future wind power market?

RESEARCH: INFOGRAPHIC

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Table of Contents

Key Findings

Market Engineering Measurements

Global Wind Power Market Capacity

Key Regional Market Highlights

Key Regional Participants Market Shares

Global Offshore Wind Power Market Prices

Global Offshore and Onshore Wind Technology

CEO’s Perspective

Market Definitions

Regional Wind Market Segmentation

Global Wind Power Industry Value Chain

2016 at a Glance

Global Offshore Wind Market—2016

Corporate PPAs to Drive the Global Wind Market

Comparative Costs—Wind vs. Solar

Post-PTC Scenario in the US

Wind Market Pricing Approach

Market Drivers

Market Restraints

Market Engineering Measurements

Annual Installed Capacity Forecast

Annual Installed Capacity Forecast by Region

Annual Installed Capacity by Segment

Revenue Forecast

Revenue Forecast by Region

Cumulative Installed Capacity Forecast

Key Participants in Global Wind Market

Key Participants Based on Regions

Competitive Environment

Top Five Competitors

Growth Opportunity 1—IoT-enabled Products

Growth Opportunity 2—Data Analytics and Cloud

Growth Opportunity 3—Advanced Materials and Green Technologies

Strategic Imperatives for Global Wind Market

North America—Strategic Insights

Market Drivers

Market Restraints

Annual Installed Capacity Forecast

Annual Installed Capacity Forecast by Country

The US

Canada

Annual Installed Capacity by Installation Type

Revenue Forecast

Key Participants in North American Market

Europe—Strategic Insights

Market Drivers

Market Restraints

Annual Installed Capacity Forecast

Annual Installed Capacity Forecast by Country

Germany

Denmark

The United Kingdom

France

Spain

Finland

Italy

Poland

Turkey

Netherlands

Annual Installed Capacity by Installation Type

Revenue Forecast

Key Participants in EU Market

Asia-Pacific—Strategic Insights

Market Drivers

Market Restraints

Annual Installed Capacity Forecast

Annual Installed Capacity Forecast by Country

India

China

Australia

Japan

Annual Installed Capacity by Installation Type

Revenue Forecast

Key Participants in APAC Market

Latin America and Caribbean—Strategic Insights

Market Drivers

Market Restraints

Annual Capacity Installed Forecast

Annual Installed Capacity Forecast by Country

Brazil

Mexico

Annual Installed Capacity by Installation Type

Revenue Forecast

Key Participants in Latin America Market

Middle East and Africa—Strategic Insights

Market Drivers

Market Restraints

Annual Installed Capacity Forecast

Annual Installed Capacity Forecast by Country

Annual Installed Capacity Forecast by Installation Type

Revenue Forecast

Key Participants in MEA Market

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Learn More—Next Steps

List of Figures
  • 1. Offshore Wind Power Market: Capacities of Major European Countries and their Targets, Europe, 2016
  • 2. Total Wind Power Market: Key Market Drivers, Global, 2017–2025
  • 3. Total Wind Power Market: Key Market Restraints, Global, 2017–2025
  • 4. Total Wind Power Market: Market Engineering Measurements, Global, 2016
  • 5. Total Wind Power Market: Competitive Structure, Global, 2016
  • 6. Total Wind Power Market: SWOT Analysis of Leading Competitors, Global, 2016
  • 7. Total Wind Power Market: CEO’s 360 Degree Perspective, Global, 2016
  • 8. Wind Power Market: Key Market Drivers, North America, 2017–2025
  • 9. Wind Power Market: Key Market Restraints, North America, 2017–2025
  • 10. Wind Power Market: Key Market Drivers, Europe, 2017–2025
  • 11. Wind Power Market: Key Market Restraints, Europe, 2017–2025
  • 12. Wind Power Market: Key Market Drivers, Asia-Pacific, 2017–2025
  • 13. Wind Power Market: Key Market Restraints, Asia-Pacific, 2017–2025
  • 14. Wind Power Market: Key Market Drivers, Latin America & Caribbean, 2017–2025
  • 15. Wind Power Market: Key Market Restraints, Latin America & Caribbean, 2017–2025
  • 16. Wind Power Market: Key Market Drivers, Middle East & Africa, 2017–2025
  • 17. Wind Power Market: Key Market Restraints, Middle East & Africa, 2017–2025
List of Charts
  • 1. Total Wind Power Market: Market Engineering Measurements, Global, 2016
  • 2. Total Wind Power Market: Installed Capacity by Region, Global, 2016–2020
  • 3. Total Wind Power Market: Wind Turbine Manufacturers Market Share, Global, 2016
  • 4. Offshore Wind Power Market: Recent Wind Bids, Europe, 2016
  • 5. Total Wind Power Market: Regional Segmentation, Global, 2016
  • 6. Total Wind Power Market: Annual Installed Capacity, Global, 2000–2016
  • 7. Total Wind Power Market: Cumulative Installed Capacity,Global, 2000–2016
  • 8. Offshore Wind Market: Share of Key Participants, Global, 2016
  • 9. Offshore Wind Market: Cumulative Installed Capacity, Global, 2011–2016
  • 10. Offshore Wind Market: Key Countries—Cumulative Installed Capacity, Global, 2016
  • 11. Total Wind Power Market, Wind Capacity Purchased through Corporate PPA’s, Global, 2016–2025
  • 12. Wind and Solar Market: Comparison of Prices, Global, 2010–2016
  • 13. Total Wind Power Market: Wind Price Forecast, Global, 2016 and 2025
  • 14. Total Wind Power Market: Annual Installed Capacity Forecast, Global, 2016–2025
  • 15. Total Wind Power Market: Annual Installed Capacity, Global, 2016 and 2025
  • 16. Total Wind Power Market: Annual Installed Capacity Forecast by Region, Global, 2016–2025
  • 17. Total Wind Power Market: Annual Installed Capacity by Region, Global, 2016 and 2025
  • 18. Total Wind Power Market: Annual Installed Capacity Forecast by Segment, Global, 2016–2025
  • 19. Total Wind Power Market: Annual Installed Capacity by Segment, Global, 2016 and 2025
  • 20. Total Wind Power Market: Revenue Forecast, Global, 2016–2025
  • 21. Total Wind Power Market: Revenue Forecast, Global, 2016 and 2025
  • 22. Total Wind Power Market: Revenue Forecast by Region, Global, 2016–2025
  • 23. Total Wind Power Market: Revenue Forecast by Region, Global, 2016 and 2025
  • 24. Total Wind Power Market: Cumulative Installed Capacity Forecast, Global, 2016–2025
  • 25. Total Wind Power Market: Cumulative Installed Capacity Forecast, Global, 2016 and 2025
  • 26. Total Wind Power Market: Wind Turbine Manufacturer’s Market Share, Global, 2016
  • 27. Wind Power Market: Annual Installed Capacity Forecast, North America, 2016–2025
  • 28. Wind Power Market: Annual Installed Capacity Forecast, North America, 2016 and 2025
  • 29. Wind Power Market: Installed Capacity Forecast by Country, North America, 2016–2025
  • 30. Wind Power Market: Annual Installed Capacity Forecast by Installation Type, North America, 2016–2025
  • 31. Wind Power Market: Revenue Forecast, North America, 2016–2025
  • 32. Wind Power Market: Revenue Forecast, North America, 2016 and 2025
  • 33. Wind Power Market: Wind Turbine Manufacturers Market Share, North America, 2016
  • 34. Wind Power Market: Annual Installed Capacity Forecast, Europe, 2016–2025
  • 35. Wind Power Market: Annual Installed Capacity Forecast, Europe, 2016 and 2025
  • 36. Wind Power Market: Annual Installed Capacity Forecast by Country, Europe 2016–2025
  • 37. Wind Power Market: Annual Installed Capacity Forecast by Installation Type, Europe, 2016–2025
  • 38. Wind Power Market: Revenue Forecast, Europe, 2016–2025
  • 39. Wind Power Market: Revenue Forecast, Europe, 2016 and 2025
  • 40. Wind Power Market: Wind Turbine Manufacturer’s Market Share, Europe, 2016
  • 41. Wind Power Market: Annual Installed Capacity Forecast, Asia-Pacific, 2016–2025
  • 42. Wind Power Market: Annual Installed Capacity Forecast, Asia-Pacific, 2016 and 2025
  • 43. Wind Power Market: Revenue Forecast by Region, 2016–2025
  • 44. Wind Power Market: Annual Installed Capacity Forecast by Installation Type, Asia-Pacific, 2016–2025
  • 45. Wind Power Market: Revenue Forecast, Asia-Pacific, 2016–2025
  • 46. Wind Power Market: Revenue Forecast, Asia-Pacific, 2016 and 2025
  • 47. Wind Power Market: Wind Turbine Manufacturer’s Market Share, APAC, 2016
  • 48. Wind Power Market: Annual Installed Capacity Forecast, Latin America & Caribbean, 2016–2025
  • 49. Wind Power Market: Annual Installed Capacity Forecast, Latin America & Caribbean, 2016 and 2025
  • 50. Wind Power Market: Annual Installed Capacity Forecast by Country, Latin America & Caribbean, 2016–2025
  • 51. Wind Power Market: Annual Installed Capacity Forecast by Installation Type, Latin America & Caribbean, 2016–2025
  • 52. Wind Power Market: Revenue Forecast, Latin America & Caribbean, 2016–2025
  • 53. Wind Power Market: Revenue Forecast, Latin America & Caribbean, 2016 and 2025
  • 54. Wind Power Market: Wind Turbine Manufacturer’s Market Share, Latin America & Caribbean, 2016
  • 55. Wind Power Market: Annual Installed Capacity Forecast, Middle East & Africa, 2016–2025
  • 56. Wind Power Market: Annual Installed Capacity Forecast, Middle East & Africa, 2016 and 2025
  • 57. Wind Power Market: Annual Installed Capacity Forecast by Country, Middle East & Africa, 2016–2025
  • 58. Wind Power Market: Annual Installed Capacity Forecast by Installation Type, Middle East & Africa, 2016–2025
  • 59. Wind Power Market: Revenue Forecast, Middle East & Africa, 2016–2025
  • 60. Wind Power Market: Revenue Forecast, Middle East & Africa, 2016 and 2025
  • 61. Wind Power Market: Wind Turbine Manufacturers’ Market Share, Middle East & Africa, 2016
Related Research
The global wind power market is driven by national governments' push to improve energy security, and in particular, to reduce coal consumption due to growing concerns about climate change and air pollution. The global wind power market has achieved exceptionally high growth rates over the past few years. More than half of the world’s wind power capacity has been added over the past five years. By the end of 2016, more than 80 countries installed wind farms and about 26 countries—representing every region—with more than 1 GW in operation. This study provides a comprehensive overview of the global wind market (onshore and offshore). The global wind power market had yet another record-breaking year. By end of 2016, more than 54 GW of new installed capacity was added, bringing the global cumulative capacity to about 487 GW. The base year for the study is 2016, while forecasts have been provided from 2017 to 2025. The global wind power market is expected to reach a cumulative installed capacity of 1,000 GW by the end of 2025, with Asia-Pacific as the dominant region. The offshore wind market is expected to grow at a much faster pace, while the onshore wind market is expected to progress slowly. The study explains the various factors that act as drivers and restraints to the market, both global and regional. This study also includes a global scale and regional scale forecast of the revenue and annual installed capacity until the end of forecast period. Finally, the study concludes by giving the three major predictions for the future of global wind power market. Key Questions this Study will Answer: • How was the global wind power market (onshore and offshore) in 2015? How much global wind energy is projected to reach in 2025? • What are the key drivers and restraints influencing the wind power market in the global and regional scales? • Who are the key participants in the global wind power market? Who are the key participants for each region? What are the
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Table of Contents | Executive Summary~ || Key Findings~ || Market Engineering Measurements~ || Global Wind Power Market Capacity~ || Key Regional Market Highlights~ || Key Regional Participants Market Shares~ || Global Offshore Wind Power Market Prices~ || Global Offshore and Onshore Wind Technology~ || CEO’s Perspective~ | Market Overview~ || Market Definitions~ || Regional Wind Market Segmentation~ || Global Wind Power Industry Value Chain~ || 2016 at a Glance~ || Global Offshore Wind Market—2016~ || Corporate PPAs to Drive the Global Wind Market~ || Comparative Costs—Wind vs. Solar~ || Post-PTC Scenario in the US~ || Wind Market Pricing Approach~ | Drivers and Restraints—Total Wind Power Market~ || Market Drivers~ || Market Restraints~ | Forecasts and Trends—Total Wind Power Market~ || Market Engineering Measurements~ || Annual Installed Capacity Forecast~ || Annual Installed Capacity Forecast by Region~ || Annual Installed Capacity by Segment~ || Revenue Forecast~ || Revenue Forecast by Region~ || Cumulative Installed Capacity Forecast~ | Market Share and Competitive Analysis—Total Wind Power Market~ || Key Participants in Global Wind Market~ || Key Participants Based on Regions~ || Competitive Environment~ || Top Five Competitors~ | Growth Opportunities and Companies to Action ~ || Growth Opportunity 1—IoT-enabled Products~ || Growth Opportunity 2—Data Analytics and Cloud~ || Growth Opportunity 3—Advanced Materials and Green Technologies~ || Strategic Imperatives for Global Wind Market~ | CEO’S 360 Degree Perspective on Wind Power Market~ || CEO’s 360 Degree Perspective~ | North America Analysis~ || North America—Strategic Insights~ || Market Drivers~ || Market Restraints~ || Annual Installed Capacity Forecast~ || Annual Installed Capacity Forecast by Country~ || The US~ || Canada~ || Annual Installed Capacity by Installation Type~ || Revenue Forecast~ || Key Participants in North American Market~ | Europe Analysis~ || Europe—Strategic Insights~ || Market Drivers~ || Market Restraints~ || Annual Installed Capacity Forecast~ || Annual Installed Capacity Forecast by Country~ || Germany~ || Denmark~ || The United Kingdom~ || France~ || Spain~ || Finland~ || Italy~ || Poland~ || Turkey~ || Netherlands~ || Annual Installed Capacity by Installation Type~ || Revenue Forecast~ || Key Participants in EU Market~ | Asia-Pacific Analysis~ || Asia-Pacific—Strategic Insights~ || Market Drivers~ || Market Restraints~ || Annual Installed Capacity Forecast~ || Annual Installed Capacity Forecast by Country~ || India~ || China~ || Australia~ || Japan~ || Annual Installed Capacity by Installation Type~ || Revenue Forecast~ || Key Participants in APAC Market~ | Latin America and Caribbean Analysis~ || Latin America and Caribbean—Strategic Insights~ || Market Drivers~ || Market Restraints~ || Annual Capacity Installed Forecast~ || Annual Installed Capacity Forecast by Country~ || Brazil~ || Mexico~ || Annual Installed Capacity by Installation Type~ || Revenue Forecast~ || Key Participants in Latin America Market~ | Middle East and Africa Analysis~ || Middle East and Africa—Strategic Insights~ || Market Drivers~ || Market Restraints~ || Annual Installed Capacity Forecast~ || Annual Installed Capacity Forecast by Country~ || Annual Installed Capacity Forecast by Installation Type~ || Revenue Forecast~ || Key Participants in MEA Market~ | The Last Word~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~ || Learn More—Next Steps~
List of Charts and Figures 1. Offshore Wind Power Market: Capacities of Major European Countries and their Targets, Europe, 2016~ 2. Total Wind Power Market: Key Market Drivers, Global, 2017–2025~ 3. Total Wind Power Market: Key Market Restraints, Global, 2017–2025~ 4. Total Wind Power Market: Market Engineering Measurements, Global, 2016~ 5. Total Wind Power Market: Competitive Structure, Global, 2016~ 6. Total Wind Power Market: SWOT Analysis of Leading Competitors, Global, 2016~ 7. Total Wind Power Market: CEO’s 360 Degree Perspective, Global, 2016~ 8. Wind Power Market: Key Market Drivers, North America, 2017–2025~ 9. Wind Power Market: Key Market Restraints, North America, 2017–2025~ 10. Wind Power Market: Key Market Drivers, Europe, 2017–2025~ 11. Wind Power Market: Key Market Restraints, Europe, 2017–2025~ 12. Wind Power Market: Key Market Drivers, Asia-Pacific, 2017–2025~ 13. Wind Power Market: Key Market Restraints, Asia-Pacific, 2017–2025~ 14. Wind Power Market: Key Market Drivers, Latin America & Caribbean, 2017–2025~ 15. Wind Power Market: Key Market Restraints, Latin America & Caribbean, 2017–2025~ 16. Wind Power Market: Key Market Drivers, Middle East & Africa, 2017–2025~ 17. Wind Power Market: Key Market Restraints, Middle East & Africa, 2017–2025~| 1. Total Wind Power Market: Market Engineering Measurements, Global, 2016~ 2. Total Wind Power Market: Installed Capacity by Region, Global, 2016–2020~ 3. Total Wind Power Market: Wind Turbine Manufacturers Market Share, Global, 2016~ 4. Offshore Wind Power Market: Recent Wind Bids, Europe, 2016~ 5. Total Wind Power Market: Regional Segmentation, Global, 2016~ 6. Total Wind Power Market: Annual Installed Capacity, Global, 2000–2016 ~ 7. Total Wind Power Market: Cumulative Installed Capacity,Global, 2000–2016 ~ 8. Offshore Wind Market: Share of Key Participants, Global, 2016 ~ 9. Offshore Wind Market: Cumulative Installed Capacity, Global, 2011–2016 ~ 10. Offshore Wind Market: Key Countries—Cumulative Installed Capacity, Global, 2016 ~ 11. Total Wind Power Market, Wind Capacity Purchased through Corporate PPA’s, Global, 2016–2025~ 12. Wind and Solar Market: Comparison of Prices, Global, 2010–2016~ 13. Total Wind Power Market: Wind Price Forecast, Global, 2016 and 2025~ 14. Total Wind Power Market: Annual Installed Capacity Forecast, Global, 2016–2025~ 15. Total Wind Power Market: Annual Installed Capacity, Global, 2016 and 2025~ 16. Total Wind Power Market: Annual Installed Capacity Forecast by Region, Global, 2016–2025~ 17. Total Wind Power Market: Annual Installed Capacity by Region, Global, 2016 and 2025~ 18. Total Wind Power Market: Annual Installed Capacity Forecast by Segment, Global, 2016–2025~ 19. Total Wind Power Market: Annual Installed Capacity by Segment, Global, 2016 and 2025~ 20. Total Wind Power Market: Revenue Forecast, Global, 2016–2025~ 21. Total Wind Power Market: Revenue Forecast, Global, 2016 and 2025~ 22. Total Wind Power Market: Revenue Forecast by Region, Global, 2016–2025~ 23. Total Wind Power Market: Revenue Forecast by Region, Global, 2016 and 2025~ 24. Total Wind Power Market: Cumulative Installed Capacity Forecast, Global, 2016–2025~ 25. Total Wind Power Market: Cumulative Installed Capacity Forecast, Global, 2016 and 2025~ 26. Total Wind Power Market: Wind Turbine Manufacturer’s Market Share, Global, 2016~ 27. Wind Power Market: Annual Installed Capacity Forecast, North America, 2016–2025~ 28. Wind Power Market: Annual Installed Capacity Forecast, North America, 2016 and 2025~ 29. Wind Power Market: Installed Capacity Forecast by Country, North America, 2016–2025~ 30. Wind Power Market: Annual Installed Capacity Forecast by Installation Type, North America, 2016–2025~ 31. Wind Power Market: Revenue Forecast, North America, 2016–2025 ~ 32. Wind Power Market: Revenue Forecast, North America, 2016 and 2025~ 33. Wind Power Market: Wind Turbine Manufacturers Market Share, North America, 2016~ 34. Wind Power Market: Annual Installed Capacity Forecast, Europe, 2016–2025~ 35. Wind Power Market: Annual Installed Capacity Forecast, Europe, 2016 and 2025~ 36. Wind Power Market: Annual Installed Capacity Forecast by Country, Europe 2016–2025~ 37. Wind Power Market: Annual Installed Capacity Forecast by Installation Type, Europe, 2016–2025~ 38. Wind Power Market: Revenue Forecast, Europe, 2016–2025~ 39. Wind Power Market: Revenue Forecast, Europe, 2016 and 2025~ 40. Wind Power Market: Wind Turbine Manufacturer’s Market Share, Europe, 2016~ 41. Wind Power Market: Annual Installed Capacity Forecast, Asia-Pacific, 2016–2025~ 42. Wind Power Market: Annual Installed Capacity Forecast, Asia-Pacific, 2016 and 2025~ 43. Wind Power Market: Revenue Forecast by Region, 2016–2025~ 44. Wind Power Market: Annual Installed Capacity Forecast by Installation Type, Asia-Pacific, 2016–2025~ 45. Wind Power Market: Revenue Forecast, Asia-Pacific, 2016–2025~ 46. Wind Power Market: Revenue Forecast, Asia-Pacific, 2016 and 2025~ 47. Wind Power Market: Wind Turbine Manufacturer’s Market Share, APAC, 2016~ 48. Wind Power Market: Annual Installed Capacity Forecast, Latin America & Caribbean, 2016–2025~ 49. Wind Power Market: Annual Installed Capacity Forecast, Latin America & Caribbean, 2016 and 2025~ 50. Wind Power Market: Annual Installed Capacity Forecast by Country, Latin America & Caribbean, 2016–2025~ 51. Wind Power Market: Annual Installed Capacity Forecast by Installation Type, Latin America & Caribbean, 2016–2025~ 52. Wind Power Market: Revenue Forecast, Latin America & Caribbean, 2016–2025~ 53. Wind Power Market: Revenue Forecast, Latin America & Caribbean, 2016 and 2025~ 54. Wind Power Market: Wind Turbine Manufacturer’s Market Share, Latin America & Caribbean, 2016~ 55. Wind Power Market: Annual Installed Capacity Forecast, Middle East & Africa, 2016–2025~ 56. Wind Power Market: Annual Installed Capacity Forecast, Middle East & Africa, 2016 and 2025~ 57. Wind Power Market: Annual Installed Capacity Forecast by Country, Middle East & Africa, 2016–2025~ 58. Wind Power Market: Annual Installed Capacity Forecast by Installation Type, Middle East & Africa, 2016–2025~ 59. Wind Power Market: Revenue Forecast, Middle East & Africa, 2016–2025~ 60. Wind Power Market: Revenue Forecast, Middle East & Africa, 2016 and 2025~ 61. Wind Power Market: Wind Turbine Manufacturers’ Market Share, Middle East & Africa, 2016~
Author Swagath Navin Manohar
Industries Energy
WIP Number MCD2-01-00-00-00
Is Prebook No