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Europe to stand as a strong avenue for global wind energy market growthEurope undoubtedly has been one of the most outpacing regions partaking in wind energy industry, and is projected to maintain its supremacy over the coming years as well. A plethora of factors have acted in favor of the regional growth, financial backing by both private and government entities being at the pinnacle.
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In 2017, the European Commission, under its flagship framework program, Horizon 2020, has invested almost USD 17.83 million toward integrating advanced monitoring technologies in offshore wind farm, for reducing the excessive operational and maintenance cost. The Renewable Energy Directive by the European Union deals with the overall production and promotion of energy from renewable sources among EU countries.
With prices of renewable energy systems continuing to drop and environmental concerns growing, wind energy market is indeed turning out to be an opportunistic ground for potential investors. The Vindeby project, claimed as world’s first windfarm, for the records, began its operation, toward the end of 19th century, with a turbine capacity of 0.45 MW.
Below mentioned are some of the statistics and recent projects with regards to Europe wind energy market:
As per the recent reports by WindEurope, the European Wind Energy Association- the region is on its way to install wind farm at an average rate of 12.6 GW each year, up to 2020. Reportedly, the proposition comes on the heels of Europe’s plan of covering almost 16.5% of the regional electricity demand from wind energy by 2020 and 30% by 2030. Reports also forecast that the major chunk of these deployments would be circumventing around six countries namely Germany, France, UK, Spain, Netherlands, and Belgium.
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In the year before last, the Netherland government has approved a bid for an offshore project that is claimed to be the cheapest of its kind in the regional wind energy market. A consortium led by Shell, reportedly has received this Dutch offshore wind contract of 700 MW capacity, at Netherland’s lowest strike price ever of €54.50/MWH.
Just few months back, the Dutch government was awarded a similar kind of contract for the Borssele I and II wind areas in a bid of 72.70 euros/ MWH. Denmark has further set its own record in November 2016 auction, with a winning bid of 49.90 euros/ MWH, almost 50% drop from its level in the year 2014. The downward trend of bidding price is reflecting the cost competitiveness of renewable energy systems, which in a way is helping wind energy market proliferation.
Wind energy industry has indeed transited from a niche vertical to an opportunistic business space over the last decade, making Europe a forerunner in the regional landscape. Having had a considerable regulatory and economic support, Europe market presently accounts for a lion’s share of almost 90% of the global offshore wind capacity. With maturing supply chain, high level of expertise, and increased technological intervention, Europe wind energy market size is forecast to observe a double-digit growth rate of 10% over 2017-2024.
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Companies Profiled based on Business Overview, Financial Data, Product Landscape, Strategic Outlook & SWOT Analysis:
• ReGen
• Geronimo
• Tradewind Energy
• A2Sea
• ABB
• Vattenfall
• EDP Renewables
• Gamesa
• Envision
• EDF
• Invenergy
• ABO Wind
• NextEra Energy
• Nordex
• Mingyand
• Alstom
• Senvion
• Enercon
• Goldwind
• Vestas and GE.
Other regions are also taking note of Europe’s significant progress in the competitive landscape and are taking rigorous efforts toward building a supportive regulation for clean energy movement. China, for instance, under its 13th Five-year plan, has claimed that the national offshore wind power would scale up to 10GW of capacity by 2020.Some of the U.S. based wind energy projects are also advancing at an appreciable pace, with a prediction to install over 17GW of wind power by 2024.
Partial Table of Contents (ToC) of the report:
Chapter 4. Wind Energy Market, By Axis
4.1. Global market share by axis, 2016 & 2024
4.2. Horizontal Axis
4.2.1. Horizontal axis market, 2013 – 2024
4.2.2. Horizontal axis market volume by region, 2013 – 2024
4.2.3. Horizontal axis market revenue by region, 2013 – 2024
4.3. Vertical Axis
4.3.1. Vertical axis market, 2013 – 2024
4.3.2. Vertical axis market volume by region, 2013 – 2024
4.3.3. Vertical axis market revenue by region, 2013 – 2024
Chapter 5. Wind Energy Market, By Connectivity
5.1. Global market share by connectivity, 2016 & 2024
5.2. On-Grid
5.2.1. On-grid market, 2013 – 2024
5.2.2. On-grid market volume by region, 2013 – 2024
5.2.3. On-grid market revenue by region, 2013 – 2024
5.3. Off-Grid
5.3.1. Off-grid market, 2013 – 2024
5.3.2. Off-grid market volume by region, 2013 – 2024
5.3.3. Off-grid market revenue by region, 2013 – 2024
Chapter 6. Wind Energy Market, By Installation
6.1. Global market share by installation, 2016 & 2024
6.2. Onshore
6.2.1. Onshore market, 2013 – 2024
6.2.2. Onshore market volume by region, 2013 – 2024
6.2.3. Onshore market revenue by region, 2013 – 2024
6.2.4. Turbine
6.2.4.1. Turbine market, 2013 – 2024
6.2.4.2. Turbine market revenue by region, 2013 – 2024
6.2.4.3. Grounded
6.2.4.3.1. Grounded market, 2013 – 2024
6.2.4.3.2. Grounded market revenue by region, 2013 – 2024
6.2.4.3.3. Tower
6.2.4.3.3.1. Tower market, 2013 – 2024
6.2.4.3.3.2. Tower market revenue by region, 2013 – 2024
6.2.4.3.4. Rotor Blade
6.2.4.3.4.1. Rotor blade market, 2013 – 2024
6.2.4.3.4.2. Rotor blade market revenue by region, 2013 – 2024
6.2.4.3.5. Others
6.2.4.3.5.1. Others market, 2013 – 2024
6.2.4.3.5.2. Others market revenue by region, 2013 – 2024
6.2.5. Support Structure
6.2.5.1. Support structure market, 2013 – 2024
6.2.5.2. Support structure market revenue by region, 2013 – 2024
6.2.5.3. Substructure – Steel
6.2.5.3.1. Substructure – steel market, 2013 – 2024
6.2.5.3.2. Substructure – steel market revenue by region, 2013 – 2024
6.2.5.4. Foundation
6.2.5.4.1. Foundation market, 2013 – 2024
6.2.5.4.2. Foundation market revenue by region, 2013 – 2024
6.2.5.4.3. Monopile
6.2.5.4.3.1. Monopile market, 2013 – 2024
6.2.5.4.3.2. Monopile market revenue by region, 2013 – 2024
6.2.5.4.4. Jacket
6.2.5.4.4.1. Jacket market, 2013 – 2024
6.2.5.4.4.2. Jacket market revenue by region, 2013 – 2024
6.2.5.5. Others
6.2.5.5.1. Others market, 2013 – 2024
6.2.5.5.2. Others market revenue by region, 2013 – 2024
6.2.6. Electrical Infrastructure
6.2.6.1. Electrical infrastructure market, 2013 – 2024
6.2.6.2. Electrical infrastructure market revenue by region, 2013 – 2024
6.2.6.3. Wires & Cables
6.2.6.3.1. Wires & cables market, 2013 – 2024
6.2.6.3.2. Wires & cables market revenue by region, 2013 – 2024
6.2.6.4. Substation
6.2.6.4.1. Substation market, 2013 – 2024
6.2.6.4.2. Substation market revenue by region, 2013 – 2024
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https://www.reuters.com/brandfeatures/venture-capital/article?id=134104
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/wind-energy-market
Release ID: 88902133
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