Installation Cost Wind Turbines

1
Installation Cost Wind Turbines
2
Global wind turbine market by type (onshore and
offshore), by region (Europe, Asia, North
America, Latin America, Pacific, Middle East and
Africa), by installed capacity (cumulative and
new installed capacity). Global wind turbine
services revenue by region (Europe, Asia, North
America, Latin America, Pacific, Middle East and
Africa, market share of Major players in global
wind turbine market by sales and services revenue
(Vestas, Nordex, Enercon, GE Renewables, Ming
Yang, Siemens - Gamesa, GoldWind, Suzlon, Senvion
and RRB Energy).
3
Local manufacturing will get boost as some major
companies have announced projects to establish
manufacturing units in the new and emerging
markets. Reduction in subsidies on primary
sources of electricty will make wind energy more
price competitive making it an attractive option
for investment in energy sector. Offshore wind
turbine market will gain momentum as cost of
installation falls. Demand for large size turbine
will gain momentum. Wind turbine services
industry will register a booming growth as
installed capacity of turbines increases.
4
Wind energy generation has evolved over the years
to emerge as key renewable energy generation
method. All countries in the world receive wind
strong enough to generate some wind energy. It is
expected that demand for wind turbines will
increase, mainly fuelled by China, Germany and
the US. Significant contribution is expected to
come from India and South Africa. Larger size
turbines (greater than 2 MW) will be in great
demand and is expected that cost of installation
per MW will fall further. Many of the offshore
wind projects will use turbines of a size greater
than 5 MW. Share of offshore wind turbine is
expected to increase by the end of 2021. It is
expected that unit cost of wind turbine per MW
will register a continuous decline in future as
technology improves and better efficiency and
height is achieved. Service market is expected to
gain substantial boost from aging turbines in the
European and the US market.
5
Analysts at Ken Research in their latest
publication, Global Wind Turbine Market by Type
(Onshore, Offshore), by Services and Installation
Revenue, Regions, Installed Capacity Outlook to
2021 believe that promoting local manufacturing
through incentives, tax benefits and promulgating
favorable laws that promote wind energy will give
boost to the sale of wind turbine in the global
market. Investment in RD related to wind mapping
will help better assessment of wind potential and
selection of type of turbine. Global Wind turbine
market is expected to register positive CAGR
during the period 2016-2021. Commitment to reduce
carbon emission, falling LCOE and technological
knowhow along with improving learning curve are
expected to have positive impact on the demand
for wind turbines and related services.
6
For more information on the research report,
refer to below link https//www.kenresearch.com/e
nergy-and-utilities/clean-technology/global-wind-t
urbine-market/142273-103.html  Related
Reports India Solar Inverter Market Outlook to
2020 - Continuous Government Support and Advent
of Micro Solar Inverter to Foster Future
Growth India Reactive Power Compensation Market
Outlook to 2020 - Rising Industrial Output and
Renewable Energy Integration to Foster Growth UAE
Genset Market Outlook to 2021 Rising Number of
Construction Projects and Commercial Sector to
Foster Growth Contact UsKen ResearchAnkur
Gupta, Head Marketing CommunicationsAnkur_at_kenre
search.com91-9015378249
7
(No Transcript)