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Wind Energy Market by Type (Offshore and Onshore) and End-User (Industrial, Commercial, and Residential): Global Opportunity Analysis and Industry Forecast, 2020–2027

A10536
Pages: 249
Mar 2021 | 370 Views
 
Author(s) : Ayushi Chaudhary , Eswara Prasad
Tables: 160
Charts: 51
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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Wind Energy Market Overview - 2027

Global Wind Energy Market size was valued at $62.1 billion in 2019, and is projected to reach $127.2 billion by 2027, growing at a CAGR of 9.3% from 2020 to 2027. Wind energy, a type of renewable energy, is used to generate electric energy from kinetic energy. Wind turbine converts the wind energy into mechanical energy and this mechanical energy is further converted into electrical energy through generator. Wind energy can be generated at offshore and onshore. Onshore wind energy is associated with onshore turbines that are located on land, whereas offshore wind turbines are found in ocean or sea. However, due to consistent wind flow, offshore wind turbine is more efficient than onshore wind turbines.

Though nation wise lockdown and social distancing norms led to various project delays and cancellation of orders affecting the key markets for wind energy, implementation of digitization for remote monitoring and growing demand of sustainable energy source will slowly improve the market growth in the post COVID period.

 

Significant surge in demand for renewable power sources is expected to drive the wind energy market growth. Governments across the globe are promoting sustainable energy sources, which can reduce carbon emission, unlike conventional power sources. Furthermore, the offshore wind turbine technology removes the constraint of water depth, which aids in selecting the best site possible for power generation. For instance, in June 2017, Statoil, a Norwegian energy company invested $268 million for its Hywind turbine project. The project involved installation of floating wind turbines at 78 meter sea depth in north-east coast of Scotland. Additionally, the efficiency of wind energy is higher than that of conventional fossil energy sources (coal, natural, and oil). The maximum efficiency of wind turbine can be up to 59%, whereas for fossil fuel it is 35-45%. 

Wind-Energy Market

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However, the initial installation cost of offshore wind turbines with multiple mooring lines and anchors can be expensive. In addition, during heavy storms or hurricanes, the wind turbines may face severe damage. Nonetheless, technological advancements in wind turbine structure, such as “Twisted Jacket” foundation with fewer nodes and components may be permanent solution against heavy storm. The inward battered guide structure provides robust and secure structure, and also reduces installation cost. Such new developments will create further opportunities in the wind energy market.

Global wind energy market is segmented on the basis of type, end user, and region. Based on type, it is segmented into offshore and onshore. Based on end-user, the market is classified into industrial, commercial, and residential. Based on region, the wind energy market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Major players have adopted acquisition, agreements, and partnership to sustain the intense market competition. Some of the key players profiled in the wind energy industry report include Siemens General Electric, Enercon GmbH, Vestas Wind Systems A/S, Exelon Corporation (EXC), NextEra Energy, Inc., American Electric Power Company, Inc., Xcel Energy Inc., Avangrid, Inc., and Ameren Corporation.


Global Wind Energy Market, By Region

Asia-Pacific accounted for highest revenue share in 2019,  owing to rise in concern from governments across emerging nations, such as China, India, and South Korea, regarding zero emission norms, is expected to drive the market growth. Europe accounted for highest market growth during 2020-2027, owing to rise in investments in countries such as France, the UK, and Norway. In addition, presence of major manufacturers, such as Siemens General Electric, Vestas Wind Systems A/S, and Enercon GmbH operating significant number of the global wind energy projects will positively impact the growth of the wind energy market.  

Wind Energy Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Europe exhibits CAGR of 10.4% during 2020-2027

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Global Wind Energy Market, By Type

Offshore wind energy accounted for highest market growth during 2020-2027. This is attributed to higher capacity factor than that of onshore wind turbines. Offshore wind turbine has high-capacity factor, due to consistent wind flow at sea shore. For instance, the capacity factor for offshore wind turbine is 0.5-0.7, whereas the onshore wind turbine has capacity factor of around 0.25-0.3.

Wind Energy Market
By Type

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Offshore Wind Energy is projected as the most lucrative segment

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Global Wind Energy Market, By End-user

The industrial end-user accounted for significant revenue share in 2019, owing to increase in demand for renewable energy sources. Wind energy has significant demand in rural and isolated areas where grid power is not available.  However, the price and demand of wind energy is highly volatile, due to its high dependency on government incentive schemes.

Wind Energy Market
By End-User

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Industrial segment is projected as the most lucrative segment

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COVID-19 scenario analysis

  • The COVID-19 pandemic severely impacted the wind turbine manufacturing in countries such as China and Germany. For instance, in 2020, Germany's Nordex SE reported negative EBITDA of $86.5 million down from positive EBITDA of $21 million in previous financial year (2019).
  • Additionally, limited availability of spares and manpower for maintenance is a major problem affecting the market growth. During high wind season, planned maintenance became a major issue for industry players, owing to reduced labor force and social distancing norms. 
  • Furthermore, project delays and cancellation of orders further affected the key markets for both blade production and wind turbine installations. For instance, Siemens Gamesa Renewable Energy SA accounted for a net loss of $577 million during its fiscal third quarter in 2020. 
  • However, shifting trend toward domestic supply chain may reduce the reliance on foreign imports encouraging domestic production of wind turbines. Furthermore, implementation of digitization will aid in remote monitoring for project execution; thus, limiting the labor force as much as possible. 

Key benefits for stakeholders

  • The global wind energy market analysis covers in-depth information of major industry participants.
  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Major countries have been mapped according to their individual revenue contribution to the regional market.
  • The report provides in-depth analysis of the global wind energy market forecast for the period 2020–2027.
  • The report outlines the current global wind energy market trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets. 
  • The key drivers, restraints, & opportunity in the wind energy market and their detailed impact analysis are explained in the study.

Key market segments

  • By Type
    • Offshore
    • Onshore
  • By End-user
    • Industrial
    • Commercial
    • Residential
  • By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET LANDSCAPE

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Porter's five forces analysis
3.4.Market share analysis & top player positioning, 2019

3.4.1.Top player positioning, 2019

3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Surge in demand for renewable power sources
3.5.1.2.Higher efficiency than that of fossile enery sources
3.5.1.3.Environment friendly and reduced carbon emission

3.5.2.Restraint

3.5.2.1.High installation and maintenance cost of offshore wind plants

3.5.3.Opportunity

3.5.3.1.Advancements in wind turbine structure

3.6.Impact of Covid-19 Outburst on wind energy market
3.7.Patent Analysis

3.7.1.By Region (2014-2019)

CHAPTER 4:WIND ENERGY MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Offshore

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region

4.3.Onshore

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region

CHAPTER 5:WIND ENERGY MARKET, BY END-USER

5.1.Overview

5.1.1.Market size and forecast

5.2.Industrial

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region

5.3.Commercial

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region

5.4.Residential

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region

CHAPTER 6:WIND ENERGY MARKET, BY REGION

6.1.Overview

6.1.1.Market size and forecast

6.2.North America

6.2.1.Key market trends, growth factors, and opportunities806.2.2.Market size and forecast, by type
6.2.3.Market size and forecast, by End-User

6.2.4.Market share analysis, by country

6.2.4.1.U.S.

6.2.4.1.1.Market size and forecast, by type
6.2.4.1.2.Market size and forecast, by End-User

6.2.4.2.Canada

6.2.4.2.1.Market size and forecast, by type
6.2.4.2.2.Market size and forecast, by End-User

6.2.4.3.Mexico

6.2.4.3.1.Market size and forecast, by type
6.2.4.3.2.Market size and forecast, by End-User

6.3.Europe

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by type1
6.3.3.Market size and forecast, by End-User
6.3.4.Market share analysis, by country104

6.3.4.1.Germany

6.3.4.1.1.Market size and forecast, by type
6.3.4.1.2.Market size and forecast, by End-User

6.3.4.2.UK

6.3.4.2.1.Market size and forecast, by type
6.3.4.2.2.Market size and forecast, by End-User

6.3.4.3.France

6.3.4.3.1.Market size and forecast, by type
6.3.4.3.2.Market size and forecast, by End-User

6.3.4.4.Spain

6.3.4.4.1.Market size and forecast, by type
6.3.4.4.2.Market size and forecast, by End-Use

6.3.4.5.Italy

6.3.4.5.1.Market size and forecast, by type
6.3.4.5.2.Market size and forecast, by End-User

6.3.4.6.Rest of Europe

6.3.4.6.1.Market size and forecast, by type
6.3.4.6.2.Market size and forecast, by End-User

6.4.Asia-Pacific

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by type
6.4.3.Market size and forecast, by End-User
6.4.4.Market share analysis, by country

6.4.4.1.China

6.4.4.1.1.Market size and forecast, by type
6.4.4.1.2.Market size and forecast, by End-User

6.4.4.2.India

6.4.4.2.1.Market size and forecast, by type
6.4.4.2.2.Market size and forecast, by End-User

6.4.4.3.Japan

6.4.4.3.1.Market size and forecast, by type
6.4.4.3.2.Market size and forecast, by End-User

6.4.4.4.South Korea

6.4.4.4.1.Market size and forecast, by type
6.4.4.4.2.Market size and forecast, by End-User

6.4.4.5.Australia

6.4.4.5.1.Market size and forecast, by type
6.4.4.5.2.Market size and forecast, by End-User

6.4.4.6.Rest of Asia-Pacific

6.4.4.6.1.Market size and forecast, by type
6.4.4.6.2.Market size and forecast, by End-User

6.5.LAMEA

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by type
6.5.3.Market size and forecast, by End-User
6.5.4.Market share analysis, by country

6.5.4.1.Brazil

6.5.4.1.1.Market size and forecast, by type
6.5.4.1.2.Market size and forecast, by End-User

6.5.4.2.Saudi Arabia

6.5.4.2.1.Market size and forecast, by type
6.5.4.2.2.Market size and forecast, by End-User

6.5.4.3.South Africa

6.5.4.3.1.Market size and forecast, by type
6.5.4.3.2.Market size and forecast, by End-User

6.5.4.4.Rest of LAMEA

6.5.4.4.1.Market size and forecast, by type
6.5.4.4.2.Market size and forecast, by End-User

CHAPTER 7:COMPETITIVE LANDSCAPE

7.1.Introduction
7.2.Product mapping of top 10 players
7.3.Competitive heatmap
7.4.Key development

7.4.1.New Product
7.4.2.Business Partnership
7.4.3.Agreement1

CHAPTER 8:COMPANY PROFILES

8.1.Ameren Corporation

8.1.1.Company overview
8.1.2.Company Snapshot
8.1.3.Operating business segments
8.1.4.Product Portfolio
8.1.5.Business performance
8.1.6.Key strategic moves and developments

8.2.American Electric Power Company, Inc.

8.2.1.Company overview
8.2.2.Company Snapshot
8.2.3.Operating business segments
8.2.4.Product portfolio
8.2.5.Business performance
8.2.6.Key strategic moves and developments

8.3.Avangrid, Inc.

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product Portfolio

8.4.ENERCON GMBH

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product Portfolio
8.4.5.Business performance
8.4.6.Key strategic moves and developments

8.5.Exelon Corporation (EXC)

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product Portfolio
8.5.5.Business performance
8.5.6.Key strategic moves and development

8.6.General Electric Company

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product Portfolio
8.6.5.Business performance

8.7.NextEra Energy, Inc.

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio
8.7.5.Business performance
8.7.6.Key strategic moves and developments

8.8.Vestas Wind Systems 

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product Portfolio
8.8.5.Key strategic moves and developments

8.9.Xcel Energy Inc.

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product portfolio
8.9.5.Business performance

8.10.SIEMENS

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio
8.10.5.Business performance

LIST OF TABLES

TABLE 01.WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 02.WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 03.WIND ENERGY MARKET FOR OFFSHORE, BY REGION, 2019–2027 (MW)
TABLE 04.WIND ENERGY MARKET FOR OFFSHORE, BY REGION, 2019–2027 ($MILLION)
TABLE 05.WIND ENERGY MARKET FOR ONSHORE, BY REGION, 2019–2027 (MW)
TABLE 06.WIND ENERGY MARKET FOR ONSHORE, BY REGION, 2019–2027 ($MILLION)
TABLE 07.WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 08.WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 09.WIND ENERGY MARKET FOR INDUSTRIAL, BY REGION, 2019–2027 (MW)
TABLE 10.WIND ENERGY MARKET FOR INDUSTRIAL, BY REGION, 2019–2027 ($MILLION)
TABLE 11.WIND ENERGY MARKET FOR COMMERCIAL, BY REGION, 2019–2027 (MW)
TABLE 12.WIND ENERGY MARKET FOR COMMERCIAL, BY REGION, 2019–2027 ($MILLION)
TABLE 13.WIND ENERGY MARKET FOR RESIDENTIAL, BY REGION, 2019–2027 (MW)
TABLE 14.WIND ENERGY MARKET FOR RESIDENTIAL, BY REGION, 2019–2027 ($MILLION)
TABLE 15.WIND ENERGY MARKET, BY REGION, 2020-2027 (MW)
TABLE 16.WIND ENERGY MARKET, BY REGION, 2020-2027 ($MILLION)
TABLE 17.NORTH AMERICA WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 18.NORTH AMERICA WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 19.NORTH AMERICA WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 20.NORTH AMERICA WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 21.NORTH AMERICA WIND ENERGY MARKET, BY COUNTRY, 2019–2027 (MW)
TABLE 22.NORTH AMERICA WIND ENERGY MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 23.U.S. WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 24.U.S. WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 25.U.S. WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 26.U.S. WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 27.CANADA WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 28.CANADA WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 29.CANADA WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 30.CANADA WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 31.MEXICO WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 32.MEXICO WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 33.MEXICO WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 34.MEXICO WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 35.EUROPE WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 36.EUROPE WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 37.EUROPE WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 38.EUROPE WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 39.EUROPE WIND ENERGY MARKET, BY COUNTRY, 2019–2027 (MW)
TABLE 40.EUROPE WIND ENERGY MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 41.GERMANY WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 42.GERMANY WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 43.GERMANY WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 44.GERMANY WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 45.UK WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 46.UK WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 47.UK WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 48.UK WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 49.FRANCE WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 50.FRANCE WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 51.FRANCE WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 52.FRANCE WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 53.SPAIN WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 54.SPAIN WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 55.SPAIN WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 56.SPAIN WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 57.ITALY WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 58.ITALY WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 59.ITALY WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 60.ITALY WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 61.REST OF EUROPE WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 62.REST OF EUROPE WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 63.REST OF EUROPE WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 64.REST OF EUROPE WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 65.ASIA-PACIFIC WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 66.ASIA-PACIFIC WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 67.ASIA-PACIFIC WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 68.ASIA-PACIFIC WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 69.ASIA-PACIFIC WIND ENERGY MARKET, BY COUNTRY, 2019–2027 (MW)
TABLE 70.ASIA-PACIFIC WIND ENERGY MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 71.CHINA WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 72.CHINA WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 73.CHINA WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 74.CHINA WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 75.INDIA WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 76.INDIA WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 77.INDIA WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 78.INDIA WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 79.JAPAN WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 80.JAPAN WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 81.JAPAN WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 82.JAPAN WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 83.SOUTH KOREA WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 84.SOUTH KOREA WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 85.SOUTH KOREA WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 86.SOUTH KOREA WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 87.AUSTRALIA WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 88.AUSTRALIA WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 89.AUSTRALIA WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 90.AUSTRALIA WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 91.REST OF ASIA-PACIFIC WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 92.REST OF ASIA-PACIFIC WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 93.REST OF ASIA-PACIFIC WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 94.REST OF ASIA-PACIFIC WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 95.LAMEA WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 96.LAMEA WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 97.LAMEA WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 98.LAMEA WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 99.LAMEA WIND ENERGY MARKET, BY COUNTRY, 2019–2027 (MW)
TABLE 100.LAMEA WIND ENERGY MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 101.BRAZIL WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 102.BRAZIL WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 103.BRAZIL WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 104.BRAZIL WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 105.SAUDI ARABIA WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 106.SAUDI ARABIA WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 107.SAUDI ARABIA WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 108.SAUDI ARABIA WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 109.SOUTH AFRICA WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 110.SOUTH AFRICA WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 111.SOUTH AFRICA WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 112.SOUTH AFRICA WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 113.REST OF LAMEA WIND ENERGY MARKET, BY TYPE, 2019–2027 (MW)
TABLE 114.REST OF LAMEA WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 115.REST OF LAMEA WIND ENERGY MARKET, BY END-USER, 2019–2027 (MW)
TABLE 116.REST OF LAMEA WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILLION)
TABLE 117.KEY NEW PRODUCT
TABLE 118.KEY PARTNERSHIP
TABLE 119.KEY AGREEMENT
TABLE 120.AMEREN CORPORATION: COMPANY SNAPSHOT
TABLE 121.AMEREN CORPORATION: OPERATING SEGMENTS
TABLE 122.AMEREN CORPORATION: PRODUCT PORTFOLIO
TABLE 123.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 124.AMEREN CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 125.AMERICAN ELECTRIC POWER COMPANY, INC.: COMPANY SNAPSHOT
TABLE 126.AMERICAN ELECTRIC POWER COMPANY, INC.: OPERATING SEGMENTS
TABLE 127.AMERICAN ELECTRIC POWER COMPANY, INC.: PRODUCT PORTFOLIO
TABLE 128.AMERICAN ELECTRIC POWER COMPANY, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 129.AVANGRID, INC.: COMPANY SNAPSHOT
TABLE 130.AVANGRID, INC.: OPERATING SEGMENTS
TABLE 131.AVANGRID, INC.: PRODUCT PORTFOLIO
TABLE 132.ENERCON GMBH: COMPANY SNAPSHOT
TABLE 133.ENERCON GMBH: OPERATING SEGMENTS
TABLE 134.ENERCON GMBH: PRODUCT PORTFOLIO
TABLE 135.ENERCON GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 136.EXELON CORPORATION (EXC): COMPANY SNAPSHOT
TABLE 137.EXELON CORPORATION (EXC): OPERATING SEGMENTS
TABLE 138.EXELON CORPORATION (EXC): PRODUCT PORTFOLIO
TABLE 139.EXELON CORPORATION (EXC) GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 140.GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
TABLE 141.GENERAL ELECTRIC COMPANY: OPERATING SEGMENTS
TABLE 142.GENERAL ELECTRIC COMPANY: PRODUCT PORTFOLIO
TABLE 143.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 144.NEXTERA ENERGY, INC.: COMPANY SNAPSHOT
TABLE 145.NEXTERA ENERGY, INC.: OPERATING SEGMENT
TABLE 146.NEXTERA ENERGY, INC.: PRODUCT PORTFOLIO
TABLE 147.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 148.NEXTERA ENERGY, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 149.VESTAS WIND SYSTEMS A/S: COMPANY SNAPSHOT
TABLE 150.VESTAS WIND SYSTEMS A/S: OPERATING SEGMENTS
TABLE 151.VESTAS WIND SYSTEMS A/S: PRODUCT PORTFOLIO
TABLE 152.VESTAS WIND SYSTEMS A/S: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 153.XCEL ENERGY INC.: COMPANY SNAPSHOT
TABLE 154.XCEL ENERGY INC.: OPERATING SEGMENTS
TABLE 155.XCEL ENERGY INC.: PRODUCT PORTFOLIO
TABLE 156.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 157.SIEMENS: COMPANY SNAPSHOT
TABLE 158.SIEMENS: OPERATING SEGMENTS
TABLE 159.SIEMENS: PRODUCT PORTFOLIO
TABLE 160.OVERALL FINANCIAL STATUS ($MILLION)

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY, BY SEGMENT
FIGURE 03.EXECUTIVE SUMMARY, BY COUNTRY
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06.MODERATE THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE THREAT OF SUBSTITUTES
FIGURE 08.MODERATE INTENSITY OF RIVALRY
FIGURE 09.LOW BARGAINING POWER OF BUYERS
FIGURE 10.TOP PLAYER POSITIONING, 2019
FIGURE 11.WIND ENERGY MARKET DYNAMICS
FIGURE 12.PATENT ANALYSIS, BY REGION
FIGURE 13.WIND ENERGY MARKET, BY TYPE, 2019–2027 ($MILILION)
FIGURE 14.OFFSHORE MARKET, BY COUNTRY, 2019–2027 ($MILILION)
FIGURE 15.ONSHORE MARKET, BY COUNTRY, 2019–2027 ($MILILION)
FIGURE 16.WIND ENERGY MARKET, BY END-USER, 2019–2027 ($MILILION)
FIGURE 17.WIND ENERGY MARKET FOR INDUSTRIAL, BY COUNTRY, 2019–2027 ($MILILION)
FIGURE 18.WIND ENERGY MARKET FOR COMMERCIAL, BY COUNTRY, 2019–2027 ($MILILION)
FIGURE 19.WIND ENERGY MARKET FOR RESIDENTIAL, BY COUNTRY, 2019–2027 ($MILILION)
FIGURE 20.U.S. WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 21.CANADA WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 22.MEXICO WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 23.GERMANY WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 24.UK WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 25.FRANCE WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 26.SPAIN WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 27.ITALY WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 28.REST OF EUROPE WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)130
FIGURE 29.CHINA WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)142
FIGURE 30.INDIA WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)147
FIGURE 31.JAPAN WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)152
FIGURE 32.SOUTH KOREA WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 33.AUSTRALIA WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 34.REST OF ASIA-PACIFIC WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 35.BRAZIL WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 36.SAUDI ARABIA WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 37.SOUTH AFRICA WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 38.REST OF LAMEA WIND ENERGY MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 39.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 40.COMPETITIVE HEATMAP
FIGURE 41.AMEREN CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 42.GENERAL ELECTRIC COMPANY: REVENUE, 2017–2019 ($MILLION)
FIGURE 43.GENERAL ELECTRIC COMPANY REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 44.GENERAL ELECTRIC COMPANY REVENUE SHARE BY REGION, 2019 (%)
FIGURE 45.NEXTERA ENERGY, INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 46.NEXTERA ENERGY, INC. REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 47.NEXTERA ENERGY, INC. REVENUE SHARE BY REGION, 2019 (%)
FIGURE 48.XCEL ENERGY INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 49.SIEMENS: REVENUE, 2017–2019 ($MILLION)
FIGURE 50.SIEMENS REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 51.SIEMENS REVENUE SHARE BY REGION, 2019 (%)

 
 

The wind energy market is expected to witness considerable growth. This is attributed to a significant surge in demand for renewable and clean energy. The wind turbine utilizes zero natural resources for power generation, unlike conventional power generation. In addition, rise in concern from governments across emerging nations, such as China, India, and South Korea, regarding zero emission norms is expected to drive the market growth. Furthermore, installation of new floating wind turbine infrastructure may create new opportunities in the coastal regions, involving more local economic activities in the market. However, at current stage, the market growth is highly volatile, due to its reliance on government incentives and subsidy schemes.

 
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A. Significant surge in demand for renewable power sources, rise in demand for sustainable Energy sources, and high efficiency of wind energy are the factors driving the market growth.

A. New agreements, partnerships, and new product launch are key growth strategies of market players.

A. To get latest version of wind energy market report can be obtained on demand from the website.

A. Increase in demand for offshore wind turbines to utilize the wind power in coastal areas, lightweight structure of wind turbines, and generation based incentive schemes are some of the key trends in the market

A. Europe will provide more business opportunities for wind energy in future.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. Siemens General Electric, Enercon GmbH, Vestas Wind Systems A/S, Exelon Corporation (EXC), NextEra Energy, Inc., American Electric Power Company, Inc., Xcel Energy Inc., Avangrid, Inc., and Ameren Corporation are some of the key players in the market.

A. Onshore wind energy segment holds the maximum share of the wind energy market

A. The expected value of wind energy market is $127.2 billion by 2027

A. Industrial and commercial power sectors, agriculture, and residential sectors are the potential customers of wind energy industry.

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