Renewable Energy Report
“Wind Power Market, Update 2019 – Global Market Size, Average Price, Turbine Market Share, and Key Country Analysis to 2030” report provides a clear overview and detailed insight into the global wind market.
It explains the key drivers and challenges affecting the market and provides data covering historic and forecast market size, average capital cost, installed capacity and generation globally, and in eleven key wind power markets including: China, India, Brazil, Mexico, Canada, France, UK, US, South Africa, Germany and Japan.
Electricity from wind power sources contributed to less than 1% of the total supply in the world in 2006.
However, this reached over 4% in 2017 due to increased capacity and better generation and this is expected to grow and increase to 7.0% in 2025. Up until now, feed-in-tariffs (FiTs) have been the major method of government to drive the growth of wind energy.
But with a changing scenario, an auction-based bidding mechanism will drive wind power in the most of the key wind power markets. This leads to cost competitiveness, and it also encourage state-owned distribution utilities to award wind power projects through a bidding route. Recent wind auctions in Brazil, Canada, Germany, India, Mexico and Morocco resulted in reduced onshore wind power prices.
This report is created by our in-house industry experts using information sourced from proprietary data based on primary and secondary research. Utilize this report to understand the wind power market and to identify key opportunities and challenges to help your business.