Wind Power Market by Application - Global Industry Analysis and Forecast to 2022

Published On : November 2017 Pages : 85 Category: Energy Report Code : CM11340

Industry Outlook and Trend Analysis

The Wind Power Market was worth 292.56 GW in the year of 2012 and is expected to reach approximately 1030.65 GW by 2022, while registering itself at a compound annual growth rate (CAGR) of 13.42% during the forecast period. Expanding requirement to supplant traditional wellsprings of vitality with sustainable power source is anticipated to drive the market for wind control age throughout the following decade. The worldwide market for wind control has encountered vigorous development over the most recent two decades. Governments crosswise over different countries have been supporting the usage of sustainable energy sources including biomass, solar power, hydropower, and wind power. Administrative bodies likewise, to diminish carbon impressions and decrease dependence on customary vitality sources have been advancing force age using wind turbines. The worldwide market for wind power generation has been encountering superb development rates since the most recent decade and will keep on doing so finished the conjecture time frame. Europe rose as the main market for wind power inferable from positive administrative approaches for the most part in EU-27 nations. Europe's structure enactment and its objective to lessen carbon impressions by 2020 are anticipated to guarantee constant development of wind power market in the area. Likewise, an expansion of creation assesses credit as a piece of financial bluff bundle by the United States Congress is anticipated to be a key factor driving the regional market for wind power. United States saw a record number of limit options in 2012, as wind power developed as the biggest wellspring of new electricity generation by representing over 40 percent of new limit included. However, gigantic development opportunities lie in Asia Pacific because of positive directions in nations, for example, India and China. Asia Pacific is anticipated to surpass Europe to end up plainly the main wind power market with respect to combined introduced limit before the finish of 2020. Wind power represented a 2 percent of the aggregate power delivered in China up from 1.5 percent in 2011. Moreover, the Middle East and Africa have been taking quick walks in the wind power market and is anticipated to coordinate Central and South America regarding combined introduced limit by 2020.

Application Outlook and Trend Analysis

Major wind power market applications incorporate commercial, residential and industrial. Industrial applications rule the business, representing 43.6 percent of aggregate market volume in 2013. These applications are likewise anticipated to encounter most extreme increases in the upcoming years. Solid administrative support for ventures to use supportable vitality is anticipated to drive wind power demand. Development in residential applications is anticipated to be slow because of the high cost of windmills.

Regional Outlook and Trend Analysis

Europe was the biggest consumer of twist control till 2012 because of substantial administrative support from the European Union and national government. Asia Pacific surpassed Europe on the basis of volume of wind power devoured in 2013. In 2013 Asia Pacific district represented 37.4 percent of aggregate market volume. Asia Pacific market was nearly trailed by Europe. The Middle East and Africa is anticipated to be the quickest developing regional market for wind power at a significant pace over the upcoming years. Increasing issues about regular energy sources has helped this market to develop. China has been a major consumer of wind control which was trailed by the United States and Germany. The European market is anticipated to develop at a drowsy rate because of development of the market.

Competitive Insights

The leading players in the Wind Power Market are Vestas, Gamesa Corporación Tecnológica, Sinovel, Suzlon One Earth, GE Winds, Siemens Wind Power, China Ming Yang Wind Power Group Limited and Goldwind.

The Wind Power Market is segmented as follows-

By Application:

  • Commercial
  • Residential
  • Industrial

By Region

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

  • What was the market size in 2012 and forecast from 2013 to 2022?
  • What will be the industry market growth from 2013 to 2022?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

 

Market Classification

  • Wind Power Market, By Application, Estimates and Forecast, 2012-2022(GW)
  • Industrial
  • Residential
  • Commercial
  • Wind Power Market, By Region, Estimates and Forecast, 2012-2022(GW)
    • North America
  • North America Wind Power Market, By Country
  • North America Wind Power Market, By Application
    • U.S. Wind Power Market, By Application
    • Canada Wind Power Market, By Application
    • Mexico Wind Power Market, By Application
    • Europe
  • Europe Wind Power Market, By Country
  • Europe Wind Power Market, By Application
    • Germany Wind Power Market, By Application
    • France Wind Power Market, By Application
    • UK Wind Power Market, By Application
    • Italy Wind Power Market, By Application
    • Spain Wind Power Market, By Application
    • Rest of Europe Wind Power Market, By Application
    • Asia-Pacific
      • Asia-Pacific Wind Power Market, By Country
      • Asia-Pacific Wind Power Market, By Application
        • Japan Wind Power Market, By Application
        • Australia Wind Power Market, By Application
        • India Wind Power Market, By Application
        • South Korea Wind Power Market, By Application
        • Rest of Asia-Pacific Wind Power Market, By Application
    • Rest of the World
      • Rest of the World Wind Power Market, By Country
      • Rest of the World Wind Power Market, By Application
        • Brazil Wind Power Market, By Application
        • South Africa Wind Power Market, By Application
        • Saudi Arabia Wind Power Market, By Application
        • Turkey Wind Power Market, By Application
        • United Arab Emirates Wind Power Market, By Application
        • Others Wind Power Market, By Application

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

1.2.1.  Secondary Research

1.2.2.  Primary Research

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.1.1.    Concerns About Conventional Energy

3.2.1.2.    Regulatory Support

3.2.2.  Restraints

3.2.2.1.    Intermittent production

3.2.2.2.    High Cost Of the Raw Materials

3.2.3.  Opportunities

3.2.3.1.    Emerging Countries to Offer Lucrative Growth Opportunities

4.       Wind Power Market By Application

4.1.       Introduction

4.2.       Wind Power Market  Assessment and Forecast, By Application, 2012-2022

4.3.       Industrial

4.3.1.  Market Assessment and Forecast, By Region, 2012-2022 (GW)

4.4.       Residential

4.4.1.  Market Assessment and Forecast, By Region, 2012-2022 (GW)

4.5.       Commercial

4.5.1.  Market Assessment and Forecast, By Region, 2012-2022 (GW)

5.       Wind Power Market By Region

5.1.       Introduction

5.2.       Wind Power Market   Assessment and Forecast, By Region, 2012-2022 (GW)

5.3.       North America

5.3.1.  Market Assessment and Forecast, By Country, 2012-2022 (GW)

5.3.2.  Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.3.3.  U.S.

5.3.3.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.3.4.  Canada

5.3.4.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.3.5.  Mexico

5.3.5.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.4.       Europe

5.4.1.  Market Assessment and Forecast, By Country, 2012-2022 (GW)

5.4.2.  Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.4.3.  Germany

5.4.3.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.4.4.  France

5.4.4.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.4.5.  UK

5.4.5.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.4.6.  Italy

5.4.6.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.4.7.  Spain

5.4.7.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.4.8.  Rest of Europe

5.4.8.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.5.       Asia-Pacific

5.5.1.  Market Assessment and Forecast, By Country, 2012-2022 (GW)

5.5.2.  Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.5.3.  Japan

5.5.3.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.5.4.  China

5.5.4.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.5.5.  Australia

5.5.5.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.5.6.  India

5.5.6.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.5.7.  South Korea

5.5.7.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.5.8.  Rest of Asia-Pacific

5.5.8.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.6.       Rest of the World

5.6.1.  Market Assessment and Forecast, By Country, 2012-2022 (GW)

5.6.2.  Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.6.3.  Brazil

5.6.3.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.6.4.  Turkey

5.6.4.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.6.5.  Saudi Arabia

5.6.5.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.6.6.  South Africa

5.6.6.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.6.7.  United Arab Emirates

5.6.7.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

5.6.8.  Others

5.6.8.1.    Market Assessment and Forecast, By Application, 2012-2022 (GW)

6.       Company Profiles

6.1.       GE Wind

6.1.1.  Business Overview

6.1.2.  Product Portfolio

6.1.3.  Key Financials

6.1.4.  Strategic Developments

6.2.        Vestas

6.2.1.  Business Overview

6.2.2.  Product Portfolio

6.2.3.  Key Financials

6.2.4.  Strategic Developments

6.3.       Siemens Wind Power

6.3.1.  Business Overview

6.3.2.  Product Portfolio

6.3.3.  Key Financials

6.3.4.  Strategic Developments

6.4.       Enercon

6.4.1.  Business Overview

6.4.2.  Product Portfolio

6.4.3.  Key Financials

6.4.4.  Strategic Developments

6.5.       Suzlon Group

6.5.1.  Business Overview

6.5.2.  Product Portfolio

6.5.3.  Strategic Developments

6.6.       Gamesa

6.6.1.  Business Overview

6.6.2.  Product Portfolio

6.6.3.  Strategic Developments

6.7.       Goldwind

6.7.1.  Business Overview

6.7.2.  Product Portfolio

6.7.3.  Strategic Developments

6.8.       United Power

6.8.1.  Business Overview

6.8.2.  Product Portfolio

6.8.3.  Strategic Developments

6.9.       Sinovel

6.9.1.  Business Overview

6.9.2.  Product Portfolio

6.9.3.  Strategic Developments

6.10.    Mingyang

6.10.1.      Business Overview

6.10.2.      Product Portfolio

6.10.3.      Key Financials

6.10.4.      Strategic Developments


List of Tables

List of Tables
Table 1.Wind Power Market By Application (GW), 2012-2022
Table 2.Industrial Market, By Type (GW), 2012-2022
Table 3.Residential Market, By Region (GW), 2012-2022
Table 4.Commercial Market, By Region (GW), 2012-2022
Table 5.North America Wind Power Market By Country, 2012-2022 (GW)
Table 6.North America Wind Power Market By Application, 2012-2022 (GW)
Table 7.U.S.Wind Power Market By Application, 2012-2022 (GW)
Table 8Canada Wind Power Market By Application, 2012-2022 (GW)
Table 9.Mexico Wind Power Market By Application, 2012-2022 (GW)
Table 10.Europe Wind Power Market By Country, 2012-2022 (GW)
Table 11.Europe Wind Power Market By Application, 2012-2022 (GW)
Table 12.Germany Wind Power Market By Application, 2012-2022 (GW)
Table 13.France Wind Power Market By Application, 2012-2022 (GW)
Table 14.UK Wind Power Market By Application, 2012-2022 (GW)
Table 15.Italy Wind Power Market By Application, 2012-2022 (GW)
Table 16.Spain Wind Power Market By Application, 2012-2022 (GW)
Table 17.Rest of Europe Wind Power Market By Application, 2012-2022 (GW)
Table 18.Asia-Pacific Wind Power Market By Country, 2012-2022 (GW)
Table 19.Asia-Pacific Wind Power Market By Application, 2012-2022 (GW)
Table 20.Japan Wind Power Market By Application, 2012-2022 (GW)
Table 21.China Wind Power Market By Application, 2012-2022 (GW)
Table 22.Australia Wind Power Market By Application, 2012-2022 (GW)
Table 23.India Wind Power Market By Application, 2012-2022 (GW)
Table 24.South Korea Wind Power Market By Application, 2012-2022 (GW)
Table 25.Rest of Asia-Pacific Wind Power Market By Application, 2012-2022 (GW)
Table 26.Rest of the World Wind Power Market By Country, 2012-2022 (GW)
Table 27.Rest of the World Wind Power Market By Application, 2012-2022 (GW)
Table 28.Brazil Wind Power Market By Application, 2012-2022 (GW)
Table 29.Turkey Wind Power Market By Application, 2012-2022 (GW)
Table 30.Saudi Arabia Wind Power Market By Application, 2012-2022 (GW)
Table 31.South Africa Wind Power Market By Application, 2012-2022 (GW)
Table 32.United Arab Emirates Wind Power Market By Application, 2012-2022 (GW)
Table 33.Others Wind Power Market By Application, 2012-2022 (GW)
Table 34.Advanced Elastomer Systems L.P.: Key Strategic Developments, 2015-2017
Table 35.GE Wind: Key Strategic Developments, 2015-2017
Table 36.Vestas: Key Strategic Developments, 2015-2017
Table 37.Siemens Wind Power: Key Strategic Developments, 2015-2017
Table 38.Enercon: Key Strategic Developments, 2015-2017
Table 39.Suzlon Group: Key Strategic Developments, 2015-2017
Table 40.Gamesa: Key Strategic Developments, 2015-2017
Table 41.Goldwind: Key Strategic Developments, 2015-2017
Table 42.United Power: Key Strategic Developments, 2015-2017
Table 43.Sinovel: Key Strategic Developments, 2015-2017
Table 44.Mingyang: Key Strategic Developments, 2015-2017


List of Figures

List of Figures
Figure 1.Wind Power Market Share, By Application, 2012 & 2022
Figure 2.Wind Power Market By Region, 2012 & 2022 ($ Million)
Figure 3.GE Wind: Net Revenues, 2014-2016 ($ Million)
Figure 4.GE Wind: Net Revenue Share, By Segment, 2016
Figure 5.GE Wind: Net Revenue Share, By Geography, 2016
Figure 6.Vestas: Net Revenues, 2014-2016 ($ Million)
Figure7.Vestas: Net Revenue Share, By Segment, 2016
Figure8.Vestas: Net Revenue Share, By Geography, 2016
Figure9.Siemens Wind Power: Net Revenues, 2014-2016 ($ Million)
Figure10.Siemens Wind Power: Net Revenue Share, By Segment, 2016
Figure 11.Siemens Wind Power: Net Revenue Share, By Geography, 2016
Figure 12.Enercon: Net Revenues, 2014-2016 ($ Million)
Figure 13.Enercon: Net Revenue Share, By Segment, 2016
Figure 14.Enercon: Net Revenue Share, By Geography, 2016
Figure 15.Mingyang: Net Revenues, 2014-2016 ($ Million)
Figure 16.Mingyang: Net Revenue Share, By Segment, 2016
Figure 17.Mingyang: Net Revenue Share, By Geography, 2016

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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