Wednesday, March 21st, 2018 - WiseGuyReports

Wind Turbines Market: adds “Wind Turbines Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2024”reports to its database.

Executive Summary

The 2018 study has 170 pages, 100 tables and figures.  Worldwide markets are poised to achieve continuing growth as wind turbines prove their value by managing to capture significant amounts of renewable energy that can be used as electricity.  Lowering electrical generation costs is a key benefit.

A $157 billion market worldwide in 2017, the wind turbine market has evolved rather steadily.  With the world general recognizing the need to embrace renewable energy, wind turbines have emerged as the go to technology of choice.  While most offshore wind turbines are being put in more remote settings, they are still being put in place, mostly in as shallow waters as can be found.

Onshore wind turbine markets continue to grow.  There is a strategic move to use the wind energy where it is generated.  The ability to use wind electricity where it is generated as much as possible appears to be the most cost-efficient way to leverage renewable energy.

Demand prospects remain positive.  Emerging markets continue to play a role.  Renewal of auctions is reactivating mature markets.

Southern Europe is reactivating mature markets with auctions.  Activating new markets in Argentina and Russia is being achieved.  Excluding China, the global market demand for installations is expected to increase by 8% from 36 GW in 2017 to 45 GW in 2020.

The global market for Wind Turbines at $157 billion in 2017 is anticipated to reach $254 billion in 2024.  Vestas and GE among others are driving wind turbines as their clients are making further investments in development of renewable energy. 

Companies Profiled

Market Leaders

  • Vestas
  • GE Wind Turbines
  • Goldwind
  • Siemens Gamesa
  • Enercon
  • Nordex Acciona
  • United Power
  • Mingyang
  • Envision
  • Suzlon

Key Topics

  • Storage of Wind Generated Electricity
  • Wind Energy Leverages Smart Grid
  • Electricity Hub Distribution
  • Renewable Energy
  • Low Auction Prices Transform Wind into Mainstream Energy Source
  • Transition to Auctions
  • Geared vs. Direct Technology
  • Onshore Wind Turbine
  • Offshore Wind Turbine
  • Vertical Wind Turbines
  • Horizontal Wind Turbines
  • Wind Turbine Scale
  • Wind Turbine Global Reach
  • Wind Turbine Local Presence
  • Digital Wind Turbine Transformation
  • Global Warming
  • Increase in Energy Yield
  • boundaries

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Table of Content

Abstract: Wind Turbine Markets Bring Strong Growth to Renewable Energy Projects 1
Wind Turbine Executive Summary 13

1. Wind Turbine: Market Description and Market Dynamics 14
1.1 Go to Market Strategies 15

2. Wind Turbine Market Shares and Forecasts 17
2.1 Wind Turbine Market Driving Forces 17
2.1.1 Local Generation of Wind Energy 17
2.1.2 Wind Energy Leverages Smart Grid 17
2.1.3 Wind Turbine Market Saturation In Areas of High Wind 18
2.1.4 High Energy Factories, Data Centers, And Commercial Plants Can Be Relocated 18
2.1.5 Significant Shift In Vendor Strategy 18
2.1.6 Global Warming Reaching A Point Where It Is Impossible To Ignore 19
2.1.7 Storage of Wind Generated Electricity: 19
2.2 Wind Turbine Market Shares 21
2.2.1 GW Unit Analysis 22
2.3 Wind Turbine Market Forecasts 28
2.4 Wind Turbine Market Segments 31
2.4.1 Wind Turbine Market, by Installation 31
2.4.2 Onshore 37
2.4.3 Offshore Wind Turbines 42
2.4.4 Siemens Offshore 48
2.4.5 North Sea Artificial Power Island Project 48
2.4.6 Massachusetts Offshore Wind Farms 51
2.4.7 Wind Turbine Segment Forecasts, Vertical, Horizontal 53
2.4.8 Horizontal Axis Wind Turbine 57
2.4.9 Vertical Axis Wind Turbine 57
2.5 Wind Turbine Market Prices 58
2.6 Wind Turbine Regional Market Segments 58
2.6.1 Germany 67
2.6.2 India 68

3. Wind Turbine Opportunity Description 75
3.1 Utility Scale Wind Turbine Projects 75
3.2 Software for Onshore Wind 76
3.3 Electricity Storage 79
4. Wind Turbine Research and Technology 81

5. Wind Turbine Company Profiles 82
5.1 Enercon 82
5.2 Envision 84
5.3 Eveready Diversified Products 84
5.3.1 Kestrel Wind Turbines 84
5.3.2 Eveready South Africa Brands 85
5.3.3 Kestrel e400nb Applications 85
5.4 GE Wind Turbines 87
5.4.1 GE Turbine Sizes 88
5.4.2 GE Digital Wind Farm 90
5.4.3 GE Offshore Wind Turbines 92
5.4.4 Block Island Wind Farm, The First Offshore Farm in the U.S. 94
5.4.5 GE Wind Turbine Global Presence 95
5.5 Goldwind 95
5.5.1 Goldwind Manufacturing Plants 96
5.6 Leitwind 97
5.7 Mingyang 98
5.8 Nordex 98
5.9 Siemens Wind Power And Renewables 99
5.9.1 Siemens Gamesa Third-Quarter Revenue 100
5.9.2 Siemens Onshore 106
5.9.3 Siemens Onshore 116
5.9.4 Siemens Off shore 117
5.9.5 Siemens Offshore 122
5.9.6 Siemens Digital Transformation 135
5.10 Suzlon 136
5.11 United Power 153
5.12 Vestas 154
5.12.1 Vestas Strategy 155
5.12.2 Vestas Revenue 156
5.12.3 Vestas Onshore 157
5.12.4 Vestas Activities in the Offshore Wind Power Area 158
5.12.5 Vestas Services 161
5.12.6 Vestas Regional Split 162
5.12.7 Vestas Revenue 162
5.12.8 Vestas Service Revenue 163

6. Research Findings and Conclusion 164

7. Selected List of Companies 164


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