Onshore Wind Energy Market
Onshore Wind Energy Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2027, at a 26.7% CAGR during a forecast period.
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Wind power is the electricity produced from the wind energy which is transformed into electrical energy with the support of rotors and generators. Subsequently, the growth of renewables is higher in the present scenario, wind energy is increasing attention from power generators. Wind energy has ability to produce a maximum capacity of electricity than other renewable sources. Wind farms and wind parks are generated to improve the wind energy to the higher and produce around 6 to 8 MW of power.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
The scope of the report includes a detailed study of global and regional markets for Onshore Wind Energy with the reasons given for variants in the growth of the industry in certain regions.
Global onshore wind market is anticipated to grow at a faster pace in 2018, the key reasons being amplified context of energy supply, and demand and increasing demand for renewable energy in electricity generation. Global Wind Energy Council has predicted that there has been an upsurge of wind power from 92.4 GW in 2007 to 494.6 GW in 2018. This proves the encouraging future of wind power in the forecast period.
Further, the growing projects in the creation of wind farms and wind parks is amplifying the market for onshore wind energy market. More wind farm projects from U.S. and China are beholding the growth of wind power. However, maximum outputs from offshore wind farm and more focus on offshore wind projects, is hampering the onshore wind energy market. Onshore wind energy market is projected to have enormous growth over the forecast period by constantly transforming in technology together with more demand for wind farms construction and growing demand for electricity. The market is also anticipated to have high expansion and technological events by key players in the industry.
The report on Onshore Wind Energy Market covers segments such as By Power Capacity, Wind Capacity, End-Use, Application, Grid Connectivity and Region. On the basis of Power Capacity, the market is segmented into <500 KW, 500 KW to 2 MW, and >2 MW. The wind towers generating >2 MW, hold a XX% market share of onshore wind energy market due to adaptation of new technologies which are capable to generate high wind energy. Based on the Wind Capacity, the market is segmented into high wind speed, medium wind speed, and low wind speed. Among these, the high wind speed projects are
anticipated to lead the market as there are turbines, which operate individually and generate power of around 2.3 MW.
On the basis of End-Use, the market is segmented into Utilities, Hybrid power, Commercial & Industrial, and others. Utilities are the major shareholder due to rising demand for electricity from the various nations. Based on Application, the market is segmented into system stability, peak power management, frequency response, demand response, and power storage. With growing demand of electricity in peak hours and peak seasons, the demand is satisfied by the electricity produced by onshore wind farms and hence peak power management application is estimated to lead the market. On the basis of Grid Connectivity, the market is segmented into off-grid and on-grid.
Based on regional segment, the Onshore Wind Energy Market is sub-segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is projected to hold protuberant shares of the global Onshore Wind Energy Market. Asia Pacific led the global onshore wind energy market in 2018. In Asia Pacific rising mounted capability of electricity along with growing focus on renewable energy in China, India, and Japan is expected to boost onshore wind energy market growth throughout forecast period.
North America and Europe are also anticipated to witness noteworthy growth throughout forecast period. The rising concern for clean energy together with stringent regulations for conventional power generation, boost the growth in these regions.
The report covers the market leaders, followers and new entrants in the industry with the market dynamics by region. It will also help to understand the position of each player in the market by region, by segment with their expansion plans, R&D expenditure and organic & in-organic growth strategies. Long term association, strategic alliances, supply chain agreement and M&A activities are covered in the report in detail from 2014 to 2019.
Expected alliances and agreement in forecast period will give future course of action in the market to the readers. More than ten companies are profiled, benchmarked in the report on different parameters that will help reader to gain insight about the market in minimum time. For example, Gansu Wind Farm of China has the capacity to produce 6.8 MW of power. Improvement in the wind turbine sector is shaping the onshore wind energy scenario with focus on Leveled Cost of electricity. Siemens has come up with a direct drive concept of wind energy, which has fewer components and consequently cuts down the costs of maintenance.
The objective of the report is to present a comprehensive analysis of the Onshore Wind Energy Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Application. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Application on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Onshore Wind Energy Market dynamics, structure by analyzing the market segments and project the Onshore Wind Energy Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Onshore Wind Energy Market make the report investor’s guide.
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Scope of the Onshore Wind Energy Market: Inquire before buying
Onshore Wind Energy Market, By Power Capacity
• < 500 KW • 500 KW to 2 MW • > 2 MW
Onshore Wind Energy Market, By Wind Capacity
• High Wind Speed
• Medium Wind Speed
• Low Wind Speed
Onshore Wind Energy Market, By End-Use
• Hybrid Power
• Commercial & Industrial
Onshore Wind Energy Market, By Application
• System Stability
• Peak Power Management
• Frequency Response
• Demand Response
• Power Storage
Onshore Wind Energy Market, By Grid Connectivity
Onshore Wind Energy Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Onshore Wind Energy Market
• Siemens AG
• Envision energy
• General Electric Wind Energy
• Vestas Wind System A/S
• Enercon GmbH
• Mitsubishi Power Systems
• Nordex S.E.
• Gazelle Wind Turbines
• Clipper Wind Power
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