Offshore wind is steadier and stronger than on land, and offshore farms have less visual impact, but
construction and maintenance costs are considerably higher. Small onshore wind farms can feed
some energy into the grid or provide electric power to isolated off-grid locations.
Stringent government rules and regulations and increasing usage of the clean energy are some of the
key drivers of the global wind power industry market. However, huge amount required carrying out
the maintenance process of turbine and other equipments can hamper the growth of the market.
Large numbers of opportunities are there for the wind energy market owing to the increase in the
pollution level and respiratory problems from conventional fuels. The offshore wind market in the
U.S. is still testing the frequency of offshore water. Majorly, the promising offshore wind market is in
Japan that has huge potential to tap wind energy.
Strong regulatory support and active participation from financers are important to increase the share
of renewable energy investments in developing economies such as India and China. Also, ensuring
that the solar and wind industries are taking important lessons from each other experience can help
both the markets to grow at a healthy rate in the coming years in the wind power industry.
Financing in wind energy sector is mainly balance sheet financing as credit period from private
investors has been extended to the wind power projects on the basis of the balance sheet strength
from the developer rather than the creditworthiness of the project. However, with the rise of the new
financial policies, financial institutions have started considering non-recourse financing.
Request Sample Copy of this Market Research @
https://www.millioninsights.com/industry-reports/wind-power-market/request-sample
On the basis of type, the global wind power industry market is segmented into offshore and onshore.
On the basis of geography, the global wind power industry market is segmented into North America,
Asia Pacific, Europe, Latin America and Middle East & Africa. The fastest growing region would be Asia
Pacific, with per year installations is expected to outpace Europe. Asia Pacific will be at 183 GW
installed capacity followed by Europe at 144 GW and American (North & South) at 105 GW.
The growth of Asia Pacific is lead by China, in annual installations and 24.6% in cumulative installed
capacity during 2010 to 2015. China’s wind power industry market growth is supported by the internal