Technology Innovations in the Global Wind Energy Market, 2030

Technology Innovations in the Global Wind Energy Market, 2030

Innovations in the Wind Energy Market are Focussing on Cost Reduction in Design, Manufacturing, Maintenance and Construction

RELEASE DATE
16-Apr-2019
REGION
Global
Research Code: ME72-01-00-00-00
SKU: EG01973-GL-MR_23052

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Description

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

  • Is the global wind energy market growing and how much will it continue to grow until 2030? What are the key regional markets?
  • What are the key trends driving the global wind energy market? What challenges will deter growth?
  • What are the technological innovations transforming the global wind energy market?
  • In which segments in the wind energy market are innovations happening?
  • What companies are leading and reshaping the global wind energy market?

Table of Contents

Global Wind Energy Market

Global Wind Energy Market—Key Trends

Technological Innovations in Wind Energy Market

Innovations in the Global Wind Energy Market

Research Aim and Scope

Research Methodology

Key Questions this Study will Answer

Global Wind Energy Market

Global Wind Energy Market (continued)

Global Wind Energy Market (continued)

Key Trends Driving the Global Wind Energy Market

Key Regions of Development

6 Key Trends Driving the Global Wind Energy Market

Continued Decline in Wind Energy Prices

Offshore Growth

Offshore Growth (continued)

Increasingly Larger Turbines

PPAs on the Rise

Growth in Energy Storage

Technology Innovations

Innovations—Global Wind Energy Market

Global Innovation Landscape—Wind Energy Market

Innovations in Wind Turbine, Rotor Blades Manufacturing and Design

Innovations in Wind Turbine, Rotor Blades Manufacturing and Design (continued)

Innovations in Wind Turbine, Rotor Blades Manufacturing and Design (continued)

Innovations in Wind Turbine, Rotor Blades Manufacturing and Design—Use Case 1

Innovations in Wind Turbine, Rotor Blades Manufacturing and Design—Use Case 2

Innovations in Wind Turbine, Rotor Blades Manufacturing and Design—Use Case 3

Innovations in Wind Turbine, Rotor Blades Manufacturing and Design—Use Case 4

Innovations in Wind Turbine, Rotor Blades Manufacturing and Design—Use Case 5

Innovations in Wind Turbine, Rotor Blades Manufacturing and Design—Use Case 6

Innovations in Wind Turbine, Rotor Blades Manufacturing and Design—Use Case 7

Innovations in Operations and Maintenance—Global Wind Energy Market

Innovations in Operations and Maintenance—Global Wind Energy Market (continued)

Innovations in Operations and Maintenance—Global Wind Energy Market (continued)

Innovations in Operations and Maintenance—Global Wind Energy Market (continued)

Innovations in Operations and Maintenance—Global Wind Energy Market (continued)

Innovations in Operations and Maintenance—Global Wind Energy Market (continued)

Innovations in Operations and Maintenance—Global Wind Energy Market (continued)

Innovations in Operations and Maintenance—Global Wind Energy Market (continued)

Innovations in Operations and Maintenance—Global Wind Energy Market (continued)

Innovations in Foundations—Global Wind Energy Market

Innovations in Foundations—Global Wind Energy Market (continued)

Innovations in Energy Storage and Power Generation Forecasting

Innovations in Energy Storage and Power Generation Forecasting (continued)

Innovations in Energy Storage and Power Generation Forecasting (continued)

Innovations in Energy Storage and Power Generation Forecasting (continued)

Innovations in Energy Storage and Power Generation Forecasting (continued)

Blockchain in the Global Wind Energy Market

Blockchain—Impact on Wind Turbines

Circular Economy

Data Monetization

Growth Opportunity 1—IoT-enabled Products

Growth Opportunity 2—Data Analytics, Edge Computing and Cloud

Growth Opportunity 3—Advanced Materials and Green Technologies

Strategic Imperatives for Global Wind Energy Market

The Last Word—3 Big Predictions

Legal Disclaimer

List of Exhibits

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
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
More Information
No Index No
Podcast No
Author Swagath Navin Manohar
Industries Energy
WIP Number ME72-01-00-00-00
Is Prebook No
GPS Codes 9AFE-A4,9AFF-A4,9B00-A4,9851,9852,GETE