Global Wind Power Markets Analysis & Forecasts, 2012-2019 & 2020-2027: Offshore Wind Power Generation - The New Frontier to Race Ahead of Onshore Production in the Long Run

Dublin, Sept. 10, 2021 (GLOBE NEWSWIRE) -- The "Wind Power - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Wind Power Market to Reach 69.7 Thousand Megawatts by 2027

Amid the COVID-19 crisis, the global market for Wind Power estimated at 58.3 Thousand Megawatts in the year 2020, is projected to reach a revised size of 69.7 Thousand Megawatts by 2027, growing at a CAGR of 2.6% over the period 2020-2027.

The U.S. Market is Estimated at 15.8 Thousand Megawatts, While China is Forecast to Grow at 4.8% CAGR

The Wind Power market in the U.S. is estimated at 15.8 Thousand Megawatts in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 14 Thousand Megawatts by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Wind Power: Advanced, Affordable, and Proven Choice of Low-Carbon Clean Energy

• Market Snapshots

• Recent Market Activity

• Wind Turbine Innovations & Designs Summarized

• Wind Turbine Implementation: Advancements and Challenges

• Advancements

• Challenges

• Energy Driven Versus Environment Driven Markets

• Classification of Environment Driven & Energy Driven Markets

• Key Factors Hampering Deployments of Wind Energy

• China and the US Dominate Wind Power Generation Worldwide

• Leading Wind Power Countries Worldwide (2018): Ranking Based on Key Wind Power Facts

• Asia-Pacific and Europe Dominate Wind Power Capacity Installations

• Denmark Leads the World in Wind Turbine Manufacturing

• Brazil: A High Potential Market for Wind Energy

• Global Market Outlook

• Developing Countries Spearhead Current and Future Market Growth

• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

• ABB Limited (Switzerland)

• American Electric Power (USA)

• China Longyuan Power Group Corporation Limited (China)

• DeWind Inc. (USA)

• Dongfang Electric Corporation Limited (China)

• Enel Green Power S.p.A. (Italy)

• ENERCON GmbH (Germany)

• Wind World (India) Limited

• Envision Energy Limited (China)

• Eurus Energy Holdings Corporation (Japan)

• General Electric Company (USA)

• GE Renewable Energy (France)

• Guodian United Power Technology Company Limited (China)

• Ming Yang Smart Energy Group Ltd. (China)

• NextEra Energy Resources, LLC (USA)

• Nordex SE (Germany)

• ACCIONA Windpower S.A. (Spain)

• Pacific Hydro Pty Ltd. (Australia)

• Senvion S.A. (Germany)

• Shell WindEnergy, Inc. (USA)

• Siemens AG (Germany)

• Siemens Gamesa Renewable Energy, S.A. (Spain)

• Suzlon Energy Limited (India)

• TransAlta Corporation (Canada)

• Vestas Wind Systems A/S (Denmark)

• MHI Vestas Offshore Wind A/S (Denmark)

• Xinjiang GoldWind Science & Technology Co., Ltd. (China)

• VENSYS Energy AG (Germany)

3. MARKET TRENDS & DRIVERS

• Escalating Climate Change and the Resulting Renewable Energy Revolution Drive Strong Market Growth for Wind Power

• Wind Energy Costs on a Downward Trend

• The IneviTable Shift to Renewable Sources of Energy

• Promising Outlook for Renewable Energy in both Developed and Developing Markets

• Wind and Solar Expansion Lead to Renewable Power Revolution

• Renewable Energy Offers Strong Competition to Established Power Sources

• Recent Trends in the Renewable Energy Market Summarized

• Technology Developments and Removal of Political Barriers Essential for Growth of Renewable Energy

• Surging Renewable Energy Investments in Developing Countries Provide the Perfect Platform for Market Expansion

• Auction Models, Lack of Subsidies & High Interest Rates: Leading to Future Market Uncertainty?

• Growing Popularity & Share of Wind Energy in Total Energy Mix Benefit Market Demand

• Increasing Investments in Solar and Wind Power Disrupting Global Electricity Systems and Benefiting Adoption

• Offshore Wind Power Generation: The New Frontier to Race Ahead of Onshore Production in the Long Run

• Offshore Wind Energy: Turning Point and Innovations

• Offshore Wind Power: At the Forefront of Innovation

• Offshore-Wind Energy Penetration and the Major Challenges

• Rising Popularity of Small Wind Turbines Bodes Well for Market Growth

• Shift towards Larger, Hybrid, and Taller Wind Power Turbines Gain Traction

• Quest for Larger Machines Lead to Steady Increase in Wind Turbine Size

• Potential Size Limits

• Performance of Large Wind Turbines

• Extensive Range of Design Options for Wind Turbines Bodes Well for Market Adoption

• Wind Energy Research & Development Projects Get a Shot in the Arm Leading to Increase in Patent Filing

• Prospects of Wind Energy: Mystifying Favoritism?

• Myriad Benefits of Wind Energy Drive Widespread Installations

• List of Wind Generated Electrical Power Benefits

• Important Factors Supporting the Rising Prominence of Wind Power

• Spiraling Electricity Appetite from Ballooning Global Population Drive Market Demand

• Wind Power Emerge as a Cost-Competitive and Reliable Energy Resource

• Critical Role of Technological Advancement in Improving Wind Power Technologies

• Improvement in Power Generation Capacity

• Enhancing Reliability and Performance of System Component

• Research Supporting Advancement of Wind Turbine Systems

• Innovative Interface Technology for Wind Turbine Condition Monitoring

• Drones: An Efficient Technology for Wind Turbine Inspections

• Air-Borne Wind Technology in Place of Traditional Wind Turbine

• Bladeless Wind Turbines

• EnergySails: Harnessing Wind and Solar Energy on Ships

• High Flying Turbines: A Major Breakthrough for Harnessing More Wind Power

• Advanced Algorithm Enhances Small Wind Turbines' Efficiency

• Advanced Robot Systems for Examining Wind Turbine Rotor Blades

4. GLOBAL MARKET PERSPECTIVE

• World Current & Future Analysis for Wind Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR

• World Historic Review for Wind Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR

• World 15-Year Perspective for Wind Power by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2020 & 2027

III. MARKET ANALYSIS

IV. COMPETITION

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