Abstract
New wind power generation capacity additions grew from 13% of all electricity
additions in 2007 to 40% in 2008, reaching 121 GW by the end of 2008, up from
94 GW the year before (29% growth). The global market for wind turbines will
continue to grow through 2015 driven by new generation additions as well as
replacements of smaller, older turbines with new, larger, more efficient
turbines.
Drivers of growth include rising demand for electricity, pro-wind regulatory
environments, advantages over other renewables, and technological innovations
driving down lifetime costs of producing wind power. Still, the growth of
wind power will be inhibited by persistent economic disadvantages to
traditional fuels and transmission line constraints. Taking these factors
into account, Pike Research expects wind turbine sales to reach $43 billion by
2015.
This Pike Research report analyzes the opportunities and challenges facing
wind power - particularly turbine manufacturers - in the current economic and
political climate. The report provides a deep examination of the key market
factors in the wind industry, including technology issues, regulatory
frameworks, access to capital and financing structures, supply chain issues,
and the wind turbine competitive landscape. Key players in the wind energy
business are profiled and the report also includes rich quantitative analysis
including market sizing, segmentation, market share analysis of top turbine
vendors, and global growth forecasts by country through 2015.
Key questions addressed:
- What will be the global installed wind generation capacity by 2015?
- How many turbines will be required to meet wind generation capacity goals,
including replacing aging fleets?
- What are the key industry growth drivers and challenges inhibiting growth
of wind power?
- What are the economics of turbine manufacturing, installation, operations,
and maintenance?
- What technological advances may drive down the lifetime costs of wind
power production?
- What market shares do the top turbine manufacturers have of installed wind
generate on capacity?
Who needs this report?
- Wind turbine manufacturers (OEM and components)
- Wind energy developers
- Wind turbine raw materials suppliers
- Wind energy investors
- Wind energy EPC (engineering, procurement, construction) providers
- Government agencies and regulatory officials
- Industry associations
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