Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Innovations in the Wind Energy Market are Focussing on Cost Reduction in Design, Manufacturing, Maintenance and Construction
* Required Fields
Pay by invoice
Wind energy is one of the fastest-growing energy sources in the world and is poised to play a key role in mitigating global climate change and future energy provision. Of the renewable energy technologies, wind energy ranks second only to hydroelectric power in terms of installed capacity, globally. The global wind power market has achieved exceptionally high growth rates over the past few years. The growth 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.More than half of the world’s wind power capacity has increased over the past five years. 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 much faster than the onshore wind market.Globally, the major challenges faced by the wind industry include the high cost of materials used for the production of rotor blades, wind turbines and wind structures, logistics difficulties, and harsh conditions that hinder operations. In addition, the modern utility-scale wind turbines and rotor blades have grown in size to increase energy capture and reduce the levelized cost of electricity (LCOE). These, over the decades, have driven several innovations in the design, materials, and manufacturing techniques to develop a reliable and efficient system that can produce cheap energy from wind.This study focuses on recent innovations in the global wind market. This study begins with a short focus on the global wind market and the market forecast to 2030. The research focus of this study includes innovations in four main segments: wind turbines and blades, operations and maintenance (O&M), foundations and energy storage and weather forecasting. This study also includes various use cases across each innovation segment. It also provides an introductory insight into the potential role of concepts such as data monetization, blockchain, and circular economy. Finally, the study concludes by giving the three major predictions for the future of the global wind power market.
Key Issues Addressed
Disruptive Trends Impacting the South American Power Rental Market, Forecast to 2024
North American Generator Set Market, Forecast to 2023
ASEAN Renewable Energy Market, Forecast to 2023
Technology Advancements in Metals Enhancing Energy Generation
Americas Solar Power Market, Forecast to 2022
Global Nuclear Power Market, Forecast to 2030
Impact of Artificial Intelligence (AI) on Energy and Utilities, 2018
Global Renewable Energy Outlook, 2018
IPP, Licensing and Market Reforms in Sub-Saharan Africa’s Energy Landscape, 2018
Global Transformers Market, Forecast to 2022
dietary supplements market
residential solar market
thermal spray coatings market
fuel cell market
solar energy market
solar cell market
commercial aircraft market forecast
biometric authentication market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.