Onshore Wind Energy Market Segment Forecasts up to 2020 oct 2016 | Page 3

Onshore Wind Energy Market

wind power developers in Latin America. The onshore wind energy industries in Argentina and Costa Rica
have exhibited promising development.

The market for wind turbines has been broadly segmented into four categories depending on their size.
With rapid technological innovations, large wind turbines are turning out to be more feasible for large wind
farm installations. These large wind turbines reduce cost of construction and power generation. Large wind
turbines could emerge as one of the most cost-efficient options for onshore wind energy in the near future.
Decline in natural gas prices in some regions, especially in North America, in the aftermath of the shale
gas boom would hamper wind energy installations. Countries are likely to opt for cheaper and reliable
generation from natural gas, which also meets the emission st