China’s installed wind capacity will treble from 115.6 GW in 2014 to an estimated 347.2 GW by 2025; global growth will begin to level off with annual installations peaking at 56.8 GW in 2022. There will be sustainable future growth in India, Australia, Japan, South Korea, the Philippines, Thailand, and Taiwan, as APAC wind installations are forecast to increase, accounting for approximately 45.5% of the global total. Wind installations will also gain momentum in South and Central America, with countries including Argentina, Brazil, Chile, Colombia, and Mexico adding up to 45.6 GW. The Middle East and Africa region, which is presently at a nascent stage of wind development, will be the other significant contributor to capacity additions.
Wind Power Market, Update 2015 report provides data covering historic and forecast market size, average capital cost, levelized cost of electricity, installed capacity and generation globally, regionally and in the key countries.
The report includes:
- Key growth drivers and challenges related to the global wind power market
- Average turbine sizes for onshore and offshore installations from 2006–2020 by region and for key countries
- Market shares of the major turbine manufacturers in 2014 for key countries and at a global level
- Capital cost and market size data at key country and global level
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