Wind Energy Market Size, Industry Report, Forecast to 2025

Adroit Market Research
Global Wind Energy Market
Drivers, Restraints, Potential Growth Opportunities,
Vendor Competitive Landscape, Trends and Forecast
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Adroit Market Research
Global Wind Energy Market Size, Status and Forecast 2018-2025
• The global wind energy market size is estimated to reach up to USD 320.61 billion by 2025 driven by the declining cost of
electricity generation, thereby facilitating a high rate of wind capacity installation globally. The presence of a large base of
experienced and internationally active project developers is another prime factor accelerating the development of wind
• Wind farms installed with several wind turbines generate electric energy by converting the kinetic energy in the wind.
Utility scale turbines ranging from 100 kilowatts to as large as several megawatts are grouped together in the wind farms.
These turbines provide bulk power to the electrical grid. The amount of power that can be harvested depends upon the
blade size and the blade lengths. Commercially available wind turbines have reached a capacity of 8 MW. This increase in
wind turbine capacity is mainly driven by the declining costs of production of the blades and rotors. Along with the turbine
capacity expansion, the ease of grid integration is also driving wind energy market share in generation of power from
renewable energy.
• The wind energy market growth is primarily accelerated by the rising number of wind farm installation both offshore and
onshore. The global wind energy market analysis indicates the dominance of onshore capacity installation and also
estimates the sustained dominance during the forecast period. Global onshore wind energy installations stood at over 90%
in 2017, as the cost reduction for every doubling of cumulative capacity is estimated to be around 21%. This cost
advantage has prompted heavy investment into the onshore wind installation projects. However, during the forecast
period, the offshore wind installation are expected to maintain a higher CAGR owing to the policy support, technology
advances and a rapidly maturing supply chain.
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Adroit Market Research
Global Wind Energy Market Size, Status and Forecast 2018-2025
• The wind energy market size on the basis of geography, is headed by the Asia Pacific, recording the highest number of wind
capacity installations in 2017. With approximately 80%, China had the highest share of wind capacity installations in 2017.
The high growth rate of installations in India making it the fourth largest country globally is also a primary driver of the
dominance of this region. However, Middle East and Africa are expected maintain the fastest growth on account of support
of wind remarkable wind resources and efficiency across value chain, resulting in gradual reduction in the levelized cost of
energy (LCOE) of wind power across the region.
• Installation of wind capacity takes is segmented into offshore installation and onshore installations. The onshore
installations held the largest market share in global wind energy market with more than 90% of total wind capacity
installation globally. This dominance of onshore wind capacity is mainly due to the cost of generation of electricity which has
fallen by approximately a quarter since 2010. The best onshore wind projects are expected to deliver electricity for an
equivalent of USD 3 cents per KWh or less. Competitive procurement, especially auction have spurred cost reduction for
power from wind. The low auction results for onshore wind in countries such as Brazil, Canada, Germany, India, Mexico and
Morocco are witnesses of the fact that onshore wind is one of the most competitive sources of new generation capacity.
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Adroit Market Research
Global Wind Energy Market Size, Status and Forecast 2018-2025
• The global wind energy market is fragmented in nature with the presence of a large number of global and regional players.
Acciona, Enel Green Power, ENGIE, Vattenfall, Ørsted A/S, and NRG Energy, Inc. are some of the major players in the global
wind energy market. These players own large wind farms and invest heavily in setting up new wind farms or acquiring a
stake in local wind farms with a view to increasing their power generation capacity. For instance, in February 2018, Enel,
acting through its Spanish subsidiary Endesa’s local renewable energies company Enel Green Power España (EGPE), has
signed an agreement for the acquisition of 100% of Parques Eolicos Gestinver, S.L., a company owning five wind farms
totaling around 132 MW of capacity, from Spanish companies Elawan Energy and Genera Avante for a total consideration of
178 million euros. Following the acquisition, EGPE’s installed capacity in Spain increased to more than 1,806 MW of which
1,749 MW from wind power, equivalent to almost 8% of total installed wind capacity in Spain, 43 MW from small hydro,
and 14 MW from other renewable sources.
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our core, we are curious people who love to identify and understand industry patterns, create
an insightful study around our findings and churn out money-making roadmaps. Our analysts
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Adroit Market Research launched a study titled, “Global Wind Energy Market Size 2017 By Installation Type (Onshore Installations, Offshore Installations), By Turbine Size (Small Wind, Large Wind), By Turbine Type (Horizontal Axis, Vertical Axis), By Region and Forecast 2018 to 2025”. The study covers the global wind energy market value and volume for a period ranging between 2012 to 2025, where 2012 to 2017 imply the actual annual revenue with forecast between 2018 and 2025. The global wind energy market report also includes qualitative insights of the market such as drivers, restrains, value chain, regulatory framework and trade statistics. The value chain has been analyzed in detail covering key stages of the global wind energy market.