DUBLIN, Sept. 10, 2021 /PRNewswire/ -- The "Wind Power - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Wind Power Market to Reach 69.7 Thousand Megawatts by 2027

Amid the COVID-19 crisis, the global market for Wind Power estimated at 58.3 Thousand Megawatts in the year 2020, is projected to reach a revised size of 69.7 Thousand Megawatts by 2027, growing at a CAGR of 2.6% over the period 2020-2027.

The U.S. Market is Estimated at 15.8 Thousand Megawatts, While China is Forecast to Grow at 4.8% CAGR

The Wind Power market in the U.S. is estimated at 15.8 Thousand Megawatts in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 14 Thousand Megawatts by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Wind Power: Advanced, Affordable, and Proven Choice of Low-Carbon Clean Energy
• Market Snapshots
• Recent Market Activity
• Wind Turbine Innovations & Designs Summarized
• Wind Turbine Implementation: Advancements and Challenges
• Advancements
• Challenges
• Energy Driven Versus Environment Driven Markets
• Classification of Environment Driven & Energy Driven Markets
• Key Factors Hampering Deployments of Wind Energy
• China and the US Dominate Wind Power Generation Worldwide
• Leading Wind Power Countries Worldwide (2018): Ranking Based on Key Wind Power Facts
• Asia-Pacific and Europe Dominate Wind Power Capacity Installations
• Denmark Leads the World in Wind Turbine Manufacturing
• Brazil: A High Potential Market for Wind Energy
• Global Market Outlook
• Developing Countries Spearhead Current and Future Market Growth
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

• ABB Limited (Switzerland)
• American Electric Power (USA)
• China Longyuan Power Group Corporation Limited (China)
• DeWind Inc. (USA)
• Dongfang Electric Corporation Limited (China)
• Enel Green Power S.p.A. (Italy)
• ENERCON GmbH (Germany)
• Wind World (India) Limited
• Envision Energy Limited (China)
• Eurus Energy Holdings Corporation (Japan)
• General Electric Company (USA)
• GE Renewable Energy (France)
• Guodian United Power Technology Company Limited (China)
• Ming Yang Smart Energy Group Ltd. (China)
• NextEra Energy Resources, LLC (USA)
• Nordex SE (Germany)
• ACCIONA Windpower S.A. (Spain)
• Pacific Hydro Pty Ltd. (Australia)
• Senvion S.A. (Germany)
• Shell WindEnergy, Inc. (USA)
• Siemens AG (Germany)
• Siemens Gamesa Renewable Energy, S.A. (Spain)
• Suzlon Energy Limited (India)
• TransAlta Corporation (Canada)
• Vestas Wind Systems A/S (Denmark)
• MHI Vestas Offshore Wind A/S (Denmark)
• Xinjiang GoldWind Science & Technology Co., Ltd. (China)
• VENSYS Energy AG (Germany)

3. MARKET TRENDS & DRIVERS

• Escalating Climate Change and the Resulting Renewable Energy Revolution Drive Strong Market Growth for Wind Power
• Wind Energy Costs on a Downward Trend
• The IneviTable Shift to Renewable Sources of Energy
• Promising Outlook for Renewable Energy in both Developed and Developing Markets
• Wind and Solar Expansion Lead to Renewable Power Revolution
• Renewable Energy Offers Strong Competition to Established Power Sources
• Recent Trends in the Renewable Energy Market Summarized
• Technology Developments and Removal of Political Barriers Essential for Growth of Renewable Energy
• Surging Renewable Energy Investments in Developing Countries Provide the Perfect Platform for Market Expansion
• Auction Models, Lack of Subsidies & High Interest Rates: Leading to Future Market Uncertainty?
• Growing Popularity & Share of Wind Energy in Total Energy Mix Benefit Market Demand
• Increasing Investments in Solar and Wind Power Disrupting Global Electricity Systems and Benefiting Adoption
• Offshore Wind Power Generation: The New Frontier to Race Ahead of Onshore Production in the Long Run
• Offshore Wind Energy: Turning Point and Innovations
• Offshore Wind Power: At the Forefront of Innovation
• Offshore-Wind Energy Penetration and the Major Challenges
• Rising Popularity of Small Wind Turbines Bodes Well for Market Growth
• Shift towards Larger, Hybrid, and Taller Wind Power Turbines Gain Traction
• Quest for Larger Machines Lead to Steady Increase in Wind Turbine Size
• Potential Size Limits
• Performance of Large Wind Turbines
• Extensive Range of Design Options for Wind Turbines Bodes Well for Market Adoption
• Wind Energy Research & Development Projects Get a Shot in the Arm Leading to Increase in Patent Filing
• Prospects of Wind Energy: Mystifying Favoritism?
• Myriad Benefits of Wind Energy Drive Widespread Installations
• List of Wind Generated Electrical Power Benefits
• Important Factors Supporting the Rising Prominence of Wind Power
• Spiraling Electricity Appetite from Ballooning Global Population Drive Market Demand
• Wind Power Emerge as a Cost-Competitive and Reliable Energy Resource
• Critical Role of Technological Advancement in Improving Wind Power Technologies
• Improvement in Power Generation Capacity
• Enhancing Reliability and Performance of System Component
• Research Supporting Advancement of Wind Turbine Systems
• Innovative Interface Technology for Wind Turbine Condition Monitoring
• Drones: An Efficient Technology for Wind Turbine Inspections
• Air-Borne Wind Technology in Place of Traditional Wind Turbine
• Bladeless Wind Turbines
• EnergySails: Harnessing Wind and Solar Energy on Ships
• High Flying Turbines: A Major Breakthrough for Harnessing More Wind Power
• Advanced Algorithm Enhances Small Wind Turbines' Efficiency
• Advanced Robot Systems for Examining Wind Turbine Rotor Blades

4. GLOBAL MARKET PERSPECTIVE

• World Current & Future Analysis for Wind Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Megawatts for Years 2020 through 2027 and % CAGR
• World Historic Review for Wind Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in Megawatts for Years 2012 through 2019 and % CAGR
• World 15-Year Perspective for Wind Power by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2020 & 2027

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/c20h8k

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