Onshore
Wind Power Systems 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 Onshore Wind Power Systems 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.
Onshore
Wind Power Systems Market: Segmental Analysis
The segmentation of the
onshore wind power system 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 power system 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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