Wind Energy Market Size, Growth, Share and Forecast 2025 Wind Energy Market Size, Growth, Share - 2025 | Page 3

Adroit Market Research Global Wind Energy Market Size, Status and Forecast 2018-2025 • The wind energy market size on the basis of geography, is headed by the Asia Pacific, recording the highest number of wind capacity installations in 2017. With approximately 80%, China had the highest share of wind capacity installations in 2017. The high growth rate of installations in India making it the fourth largest country globally is also a primary driver of the dominance of this region. However, Middle East and Africa are expected maintain the fastest growth on account of support of wind remarkable wind resources and efficiency across value chain, resulting in gradual reduction in the levelized cost of energy (LCOE) of wind power across the region. • Installation of wind capacity takes is segmented into offshore installation and onshore installations. The onshore installations held the largest market share in global wind energy market with more than 90% of total wind capacity installation globally. This dominance of onshore wind capacity is mainly due to the cost of generation of electricity which has fallen by approximately a quarter since 2010. The best onshore wind projects are expected to deliver electricity for an equivalent of USD 3 cents per KWh or less. Competitive procurement, especially auction have spurred cost reduction for power from wind. The low auction results for onshore wind in countries such as Brazil, Canada, Germany, India, Mexico and Morocco are witnesses of the fact that onshore wind is one of the most competitive sources of new generation capacity. Browse the complete report on @ https://www.adroitmarketresearch.com/industry-reports/wind- energy-market [phone] [email protected] www.adroitmarketresearch.com