Ken Research - Global Wind Turbine Market Report | Page 2

November 2017
Global Wind Turbine Market Outlook to 2021
By Services: Operation and maintenance is the key for continuous functioning of the
wind turbines. In 2011 services market was estimated at USD ~ billion which
increased to ~ billion in 2016. OEMs are the biggest service provider and also charge
premium to ISPs and in-house maintenance. Europe was the largest market for wind
turbine services industry.
Global Wind Turbine Market Segmentation
By Region: In 2016, Asia was the largest market in the global wind turbine sales.
Majority of the contribution in Asian wind turbine market in Asia is made by China.
In 2016, it added ~% of the total installation in the region. Europe slides to the
second position on the basis of wind turbine market by cumulative installed
capacity. North America contributed ~ GW of the new capacity added in 2016. Its
total cumulative capacity was reported at ~ GW (~%) making it the third largest
region for wind turbines. Contribution from Latin America (~%), Pacific region (~%)
and Middle East and Africa (~%) was very low but has very large future potential
demand.
By Type: Onshore wind turbine installation contributed ~% of the total cumulative
installed capacity in 2016. Total cumulative installed capacity at the end of 2016 was
reported at ~ GW. In 2016, ~ GW (capacity) of new wind turbines was installed
across different countries. China lead the market on the basis of new wind turbines
added as well as cumulative wind turbine capacity added. Offshore wind turbines
contributed only ~% of the total cumulative installed capacity. Europe leads the
market in offshore wind turbine market with total installed capacity of ~ GW. On the
basis of new capacity added it contributed ~% in 2016.
Snapshot on Global Offshore Wind Turbine Market
Europe leads the market in offshore wind turbine market with total installed
capacity of ~ GW. United Kingdom has installed highest offshore wind turbine
capacity with cumulative installed capacity of ~ GW. It has installed ~ wind turbines
on its shores. Germany was the second largest country on the basis of cumulative
installed capacity largest market on the basis of new offshore wind turbine
installations in 2016. Overall, ~ offshore wind turbines are grid connected with a
total capacity of ~ MW. China has emerged as the new country which has enhanced
its focus on developing offshore wind turbine projects. Its offshore wind turbine
installed capacity increased to ~ MW by adding ~MW in 2016. Till 2016, major
development in offshore wind segment was concentrated in European countries.
Among the top seven countries China was the only non European country.
Snapshot on Major Countries in Wind Turbine Market
India
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