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Wind Turbine Market Analysis to 2015

Wind Energy, the Fastest Growing Renewable Energy Source

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Wind Turbine Market Analysis to 2015

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  1. Wind Turbine Market Analysis to 2015 - Global Capacity, Equipment Market Size and Market Share, Regulatory Framework and Cost Analysis

  2. Wind Energy, the Fastest Growing Renewable Energy Source The wind energy market has witnessed enormous growth in the past; the world’s cumulative installed capacity reached 160,014 Megawatts (MW) in 2009, from 24,052 MW in 2001, at a Compound Annual Growth Rate of 27%. The exponential growth of the wind energy market is fueled by the depleting reserves of fossil fuels, declining cost of wind power generation and a growing sensitivity for the environment. From being an emerging fuel source twenty years ago, wind energy has transformed into a commercial generating technology in over 70 countries, with more effective and more reliable equipment and machinery. The global wind energy market is expanding at an accelerating pace, with wind energy installations growing by 32%% in 2009 from 2008. The global wind energy annual installation has increased at a CAGR of 27% from 24,052 MW in 2001 to 160,014 MW in 2009, of which 36,887 MW came online only in 2009. Wind power will soon become an important player in the global energy market, with the growing equipment market creating a large number of jobs.

  3. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Wind-Turbine-Market-Analysis-to-2015-Global-Capacity-Equipment-Market-Size-and-Market-Share-Regulatory-Framework-and-Cost-Analysis&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Alternative_Energy Despite the Economic Crisis, Global Wind Turbine Market Registered 38 GW of Installed Capacity The global wind turbine market reached 38,361 MW in 2009, was worth over $51 billion and employed around 500,000 people across the globe. The wind turbine market has seen a new height in 2009 with an increase in installations of 38% from 2008. Globally, wind power technology is the fastest growing technology among the various renewable energies as well as one of the fastest growing energy sources in general. It has emerged from being an experimental fuel source to a commercial generating technology over the past twenty years. With the technological improvements, modern wind turbines have improved in terms of efficiency, reliability and power rating. Wind turbines are expected to become an important part of the global energy market and global economy as the growing wind turbine equipment market will create a huge number of jobs in coming years.

  4. Asia-Pacific Leads the Growth Path of Wind Turbine Market The Asia-Pacific wind turbine market has emerged as the largest wind turbine market of 2009, replacing the previous leader, Europe. The market has grown from 466 MW in 2001 to 15.88 Gigawatts (GW) in 2009 at a CAGR of 55%. The growth of Asia-Pacific region is primarily contributed by the accelerated growth of Chinese wind turbine market. The rapid growth in China wind turbine market is fueled by regulatory and policy framework introduced by the Chinese government. Since 2006, wind turbine market witnessed 100% growth primarily supported by the introduction of a feed-in tariff structure applicable for the entire operational period of a wind farm. China Emerged as the Largest, Wind Turbine Market in 2009 China is one of the leading and fastest growing wind turbine markets in the world, with an annual installed capacity of 13,800 MW in 2009. It has seen a growth of 113.02% from 2008 and grew at a CAGR of 61.6% during 2001-2009. Although China was a late starter in wind power development, it has witnessed exponential growth in past few years and became the second largest wind energy market worldwide in 2009.

  5. The Chinese wind turbine market has followed the wind power market trend and grown along with it. The fastest growing Gross Domestic Product (GDP) in the world and rapid industrialization has resulted in huge electricity demand and high carbon dioxide (CO2) emissions. To combat the developing energy bottleneck the Chinese government has set a goal to generate 15% of its electricity from renewable sources by 2020. The Chinese government has found wind power as an alternative source to balance their energy mix, combat global warming and ensure energy security. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Wind-Turbine-Market-Analysis-to-2015-Global-Capacity-Equipment-Market-Size-and-Market-Share-Regulatory-Framework-and-Cost-Analysis&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Alternative_Energy Three Chinese Wind Turbine Manufacturers have Joined the Top 10 Manufacturers Group in 2009 Three Chinese wind turbine manufacturers established their position as top ten wind manufacturers in 2009. Sinovel, Glodwind and Dongfang acquired third, fifth and ninth position in the global wind turbine market with 3,510 MW, 2,722 MW and 2,035.5 MW of new installations in 2009.

  6. The European wind turbine manufacturer Vestas from Denmark dominated the global market with 12.8% of market share, with 4,921.3 MW of installed capacity. GE Energy ranked at number two with 12% of the market share and 4,606.6 MW of installed capacity. Vestas is the industry leader and one of the strongest vertically integrated wind turbine manufacturers. The increased competition from emerging players from China and other countries started contributing in the global turbine market share and the market share of Vestas has decreased considerably in the past few years. Chinese manufacturers Sinovel is the third largest wind turbine manufacturer of 2009, with 9.2% of market share and 3,510 MW of installed capacity, followed by Eneron (Germany), GlodWind (China), and Siemens (Germany), which account for 7.5%, 7.1% and 6.5% and are ranked fourth, fifth and sixth respectively in the global market. Gemesa from Spain, Suzlon from India and Dongfang from China acquired seventh, eighth and ninth position in 2009, with respective market shares of around 6.3%, 5.9% and 5.3%. Other than those market leaders, companies such as Acciona, Mitsubishi, Guodian, Guangdong, Clipper Windpower, ECOTECNIA and other manufacturers shared 27.4% of market share in 2009.

  7. The report provides detailed analysis and forecasts of the wind turbine industry installed capacities, market structure and regulatory policies that govern the industry. It provides information about the key market drivers and restrains related to global as well as regions. .The report provides analysis of the growth and development of energy derived from wind power on a global basis. Additionally, it analyses the cost –related aspects of the wind technology. It also gives insightful information on the market shares of the leading companies in global and the key countries. Moreover, the report provide in-depth analysis of global, regional and key countries analysis of wind turbine market and the reasons driving the growth of this market. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s Team of industry experts. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Wind-Turbine-Market-Analysis-to-2015-Global-Capacity-Equipment-Market-Size-and-Market-Share-Regulatory-Framework-and-Cost-Analysis&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Alternative_Energy

  8. Visit our report store: http://www.globaldata.com For more details contact: pressreleases@globaldata.com North America: +1 646 395 5477 Europe: +44 207 753 4299 +44 1204 543 533 Asia Pacific: +91 40 6616 6782

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