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 levelled 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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Segmental
Analysis
The global onshore wind energy market has been
segmented on the basis of application, end-use, grid connectivity, power
capacity, wind capacity, and region. The application-based segmentation
segments this market into demand responsibility, frequency responsibility, peak
power management, power storage, and system stability.
Based on end-use, the market has been segmented into
commercial & industrial, hybrid power, utilities, and others. Due to the
increasing demand for electricity from the nations, utilities hold the major
market share among all segments.
As per grid connectivity, the market has been
segmented into on-grid and off-grid. On the basis of power capacity, the market
has been segmented into less than 500-kilowatt (KW), 500 KW to 2 megawatts
(MW), and more than 2 MW. The wind towers that can generate more than 2 MW are
expected to dominate the global market because new technologies are able to
generate a high capacity of wind.
Regarding wind capacity, the market has been segmented
into low wind speed, medium speed wind, and high wind speed. During the
forecast period, the high wind speed projects are expected to dominate the
global market because the use of those turbines is increasing that operate
individually and generate power of around 2.3 MW.
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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 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.
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