Global
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 Global
Onshore Wind Energy 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.
Global
Onshore Wind Energy Market 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.
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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