Global Wind Market Update – Demand & Supply 2014 | Renewable Energy | Research | FTI Intelligence

Global Wind Market Update – Demand & Supply 2014 (Available Now)

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In this report, we provide detailed rankings for turbine OEMs (by region and drive train type) and wind farm owner-operators; an overview of major market events and turbine OEMs business and product development; a review of market segmentations; historical and future outlook for established and emerging markets including a forecast for 2015-2020 and predictions out to 2024; an evaluation of technology and major market trends; and a review of market structures, project economics and the penetration of wind in key markets.

After a challenging year in 2013, the global wind market bounced back in 2014, setting a record with more than 51.5GW, over 44 percent growth in 2013. This was mainly driven by a record breaking growth in China, Germany and Brazil, and the recovery of the US wind market. Vestas was quick to capitalise on this growth by claiming the crown as the leading turbine OEM supplier for the two years in a row with a commanding lead over second placed Siemens. Siemens had risen from fourth place after a record breaking year for its onshore business, while China’s Goldwind remains the dominant player in the Asian market coming in at third place. The remaining places in the top five were occupied by GE (fourth place) and Enercon (fifth place), capitalising on their dominance and growth in their respective home markets. This record breaking year has come after a challenging few years of changing regulation in several established markets and a major overhaul shaking out a quarter of businesses across the supply chain.

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