Wind Tower - Global Market Size, Market Segmentation, Competitive landscape and Key Country Analysis to 2020

7/1/2012

Trade Relations with US May Be Stormy, but China’s Wind Tower Industry Remains Unbowed

Recent trade disputes with the US will do little to damage China’s domination of the global wind tower market. In late May, the US Commerce Department slapped tariffs on imports of wind towers from China following accusations that the Chinese government subsidized domestic manufacturers in order to flood the US market.
The tariffs range from 13.74% to 26%, depending on the company, and though the decision is preliminary (with the final order in October) if enforced it will damage the Chinese wind tower export industry by increasing prices and reducing demand in its largest market. However, the affect on China’s overall wind tower industry will be relatively minor due to the small percentage maintained by the export sector. The Asian giant exported 2.4 GW and 2.6GW of towers in 2010 and 2011 respectively, but these numbers are dwarfed by the 18GW of towers installed at home. In 2011 alone, China installed 12,766 towers, accounting for 53% of the global market. To put this figure in perspective, the second largest market shareholder was the US, with a comparatively few 3,782 installations. Due to lower production costs, favourable government subsidies and the sheer scale of manufacturing in the country, China is both the world’s largest producer and consumer of wind towers.


Global Wind Power Market will Show Steady Growth up to 2020
2011 was a fantastic year for the global wind energy market, following a dip the previous year. From a value of 74,192 Megawatts (MW) in 2006, the installed capacity grew at a Compound Annual Growth Rate (CAGR) of 26.3% to reach 238,351 MW in 2011. The financial crisis substantially hindered the increase of wind power capacity in 2009 and 2010, but the revival of suspended projects in 2011 witnessed a steep rise which is expected to continue in 2012. Financial incentives such as feed-in tariffs and capital support programs including tax credits and loan guarantee programs, along with mandates such as renewable portfolio standards, will continue to drive the wind power market. During the forecast period 2012-2020, global wind turbine installations will have a steady growth, and the cumulative wind installed capacity will reach 427,338 MW by 2015 and 736,957 MW by 2020.

GlobalData's report "Wind Tower - Global Market Size, Market Segmentation, Competitive landscape and Key Country Analysis to 2020" provides global wind turbine market scenario in 2011 along with an overview on the wind installations. The global section of the report covers overall wind power market overview, installed capacity trends during 2006-2015, market segmentation by onshore and offshore wind in 2011, turbine installation share by country (2011), turbine manufacturers market share (2011) and market forces analysis. The report also provides wind power market overview, wind turbine market share and annual turbine installation forecasts to 2015 in key countries.

This report will provide you with...

Global wind power market overview, installed capacity trends (2006-2011), market segmentation, turbine installation share by country, wind turbine manufacturers market share and annual wind installation forecasts

Ranks major turbine maufacturers such as Vestas Wind, Xinjiang GoldWind Science & Technology, Enercon, GE Energy, Gamesa, Sinovel Wind, Guodian United Power Technology, Suzlon Group (Suzlon and REpower), Siemens and Guangdong Mingyang Electric Group

Key drivers, restraints and challenges and major market trends in the global wind turbine market

Wind turbine market analysis on key countries such as the US, Canada, Brazil, Mexico, Germany, Spain, France, Italy, the UK, Sweden, Portugal, Poland, China, India and Australia

The key country section provides wind power market overview, annual wind turbine installation forecasts to 2015 and wind turbine market share.

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