Market Research Reprots- Worldwide Wind Turbines market | Page 2

more remote settings, they are still being put in place, mostly in as shallow waters as can be
found.
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Onshore wind turbine markets continue to grow. There is a strategic move to use the wind
energy where it is generated. The ability to use wind electricity where it is generated as much as
possible appears to be the most cost-efficient way to leverage renewable energy.
Demand prospects remain positive. Emerging markets continue to play a role. Renewal of
auctions is reactivating mature markets.
Southern Europe is reactivating mature markets with auctions. Activating new markets in
Argentina and Russia is being achieved. Excluding China, the global market demand for
installations is expected to increase by 8% from 36 GW in 2017 to 45 GW in 2020.
The global market for Wind Turbines at $157 billion in 2017 is anticipated to reach $254 billion
in 2024. Vestas and GE among others are driving wind turbines as their clients are making
further investments in development of renewable energy.
Key Topics
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Storage of Wind Generated Electricity
Wind Energy Leverages Smart Grid
Electricity Hub Distribution
Renewable Energy
Low Auction Prices Transform Wind into Mainstream Energy Source
Transition to Auctions
Geared vs. Direct Technology
Onshore Wind Turbine
Offshore Wind Turbine
Vertical Wind Turbines
Horizontal Wind Turbines
Wind Turbine Scale
Wind Turbine Global Reach
Wind Turbine Local Presence
Digital Wind Turbine Transformation