Onshore Wind Energy Market – Overview
The
renewable energy movement is one of the crucial factors adding to the expansion
of the onshore wind energy market. Market reports connected to the energy and
power industry have been offered by Market Research Future which makes reports
on other industry verticals that aims to study the current market scenarios
better. The market is expected to capture a 27 % CAGR in the duration of the
forecast period.
The rising
development of facilities to harness wind energy is proving to be significantly
conducive to market growth. The market is also considerably influenced by the
need to achieve a leveled cost of electricity. The enhancements in the product
lines for wind turbines is expected to motivate the onshore wind energy market
further. The market is expected to gain various prospects due to the demand for
higher capacity of electricity globally.
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Key Players:
The
important contenders shaping the onshore wind energy market globally are
General Electric Wind Energy (U.S.), Siemens AG (Germany), Envision energy
(China), Suzlon (India), Vestas Wind System A/S (Denmark), Enercon GmbH
(Germany) Nordex S.E. (Germany), Repower (Switzerland), Gazelle Wind Turbines
(U.K.), Mitsubishi Power Systems (Japan), and Clipper Wind Power (UK) are among
others.
Segmental Analysis
The
segmentation of the onshore wind energy market is carried out on the basis of
wind capacity, power capacity, end-use, grid connectivity, application, and
regions.
On the
basis of wind capacity, the onshore wind energy market is segmented into medium
wind speed, high wind speed, and low wind speed.
Based on
power capacity, the onshore wind energy market is segmented into 500 KW to 2
MW, less than 500 KW, and more than 2 MW.
Based on
end-use, the onshore wind energy market is segmented into hybrid power,
utilities, commercial & industrial, and others.
On the
basis of application, the onshore wind energy market is segmented into peak
power management, system stability, demand response, frequency response, and
power storage.
Based on
grid connectivity, the onshore wind energy market is segmented into on-grid and
off-grid.
On the
basis of region type, the onshore wind energy market is segmented into Europe,
North America, Asia Pacific, and Rest of World.
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Regional Analysis
The
analysis on the basis of regions carried out for the onshore wind energy market
includes regions such as Europe, North America, Asia Pacific, and Rest of
World.
The onshore
wind energy market is anticipated to observe remarkable development all through
the forecast period. The Asia Pacific region led the onshore wind energy market
globally in 2017. In the Asia Pacific region, factors like the growing
installed capacity of electricity along with growing stress on renewable energy
in countries such as India, China, and Japan are expected to push the onshore
wind energy market development through the forecast period. The North American
and European region is also anticipated to observe noteworthy development
through the forecast period. The growing concern for clean energy together with
strict regulations for standard power generation is expected to boost the
progress of the onshore wind energy market in these regions.
Competitive Analysis
The
competitors are avidly tackling the challenges to development and are making
strategies that can lead to an advantageous overall effect on the market's
growth. The market contestants find themselves in a favorable place with the
ability to deal with the speed of change. The competitive viewpoint for the
market is expected to expand considerably in the approaching period. The market
pros are making efforts to establish strong value chains that can bring in
amplified profits. The chances for growth in the market are demonstrating ample
area for progress in the forecast period. The advances in the market are
expected to be encouraged by the escalation in investments and product
developments. The perceived tendency for the market’s advance has enhanced
following the improved approachability to encouraging aspects of the market.
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