Wind Turbine: Market Strategies and Forecasts, Worldwide, 2018-2024
Report Code: KNJ00129 | No. of Pages: 170 | Category: Energy
Publisher: Wintergreen Research | Date of Publish: Feb-2018
Research announces that it has published a new study Wind Turbines: Market Shares, Strategy, and Forecasts, Worldwide, 2018 to 2024.  The 2018 study has 170 pages, 100 tables and figures.  The leading vendors in the Wind Turbine industry have invested in high-quality technology and processes to develop leading edge capability to leverage renewable energy markets.  Worldwide markets are poised to achieve continuing growth as wind turbines prove their value by managing to capture significant amounts of renewable energy that can be used as electricity.  Lowering electrical generation costs is a key benefit. Wind turbines have emerged as the go to technology of choice.  While most offshore wind turbines are being put in more remote settings, they are still being put in place, mostly in as shallow waters as can be found.  
 
A $157 billion market worldwide in 2017, the wind turbine market has evolved rather steadily. With the world general recognizing the need to embrace renewable energy, wind turbines have emerged as the go to technology of choice. While most offshore wind turbines are being put in more remote settings, they are still being put in place, mostly in as shallow waters as can be found.
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.
Companies Profiled
Market Leaders
Vestas
GE Wind Turbines
Goldwind
Siemens Gamesa
Enercon
Nordex Acciona
United Power
Mingyang
Envision
Suzlon
The study is designed to give a comprehensive overview of the Wind Turbines market segment. Research represents a selection from the mountains of data available of the most relevant and cogent market materials, with selections made by the most senior analysts. Commentary on every aspect of the market from independent analysts creates an independent perspective in the evaluation of the market. In this manner the study presents a comprehensive overview of w Abstract: Wind Turbine Markets Bring Strong Growth to Renewable Energy Projects

Wind Turbine Executive Summary 13 
1. Wind Turbine: Market Description and Market Dynamics 14 
1.1 Go to Market Strategies 15 
2. Wind Turbine Market Shares and Forecasts 17 
2.1 Wind Turbine Market Driving Forces 17 
2.1.1 Local Generation of Wind Energy 17 
2.1.2 Wind Energy Leverages Smart Grid 17 
2.1.3 Wind Turbine Market Saturation In Areas of High Wind 18 
2.1.4 High Energy Factories, Data Centers, And Commercial Plants Can Be Relocated18 
2.1.5 Significant Shift In Vendor Strategy 18 
2.1.6 Global Warming Reaching A Point Where It Is Impossible To Ignore 19 
2.1.7 Storage of Wind Generated Electricity: 19 
2.2 Wind Turbine Market Shares 21 
2.2.1 GW Unit Analysis 22 
2.3 Wind Turbine Market Forecasts 28 
2.4 Wind Turbine Market Segments 31 
2.4.1 Wind Turbine Market, by Installation 31 
2.4.2 Onshore 37 
2.4.3 Offshore Wind Turbines 42 
2.4.4 Siemens Offshore 48 
2.4.5 North Sea Artificial Power Island Project 48 
2.4.6 Massachusetts Offshore Wind Farms 51 
2.4.7 Wind Turbine Segment Forecasts, Vertical, Horizontal 53 
2.4.8 Horizontal Axis Wind Turbine 57 
2.4.9 Vertical Axis Wind Turbine 57 
2.5 Wind Turbine Market Prices 58
2.6 Wind Turbine Regional Market Segments 58 
2.6.1 Germany 67 
2.6.2 India 68 
3. Wind Turbine Opportunity Description 75 
3.1 Utility Scale Wind Turbine Projects 75 
3.2 Software for Onshore Wind 76 
3.3 Electricity Storage 79 
4. Wind Turbine Research and Technology 81 
5. Wind Turbine Company Profiles 82 
5.1 Enercon 82 
5.2 Envision 84 
5.3 Eveready Diversified Products 84 
5.3.1 Kestrel Wind Turbines 84 
5.3.2 Eveready South Africa Brands 85 
5.3.3 Kestrel e400nb Applications 85 
5.4 GE Wind Turbines 87 
5.4.1 GE Turbine Sizes 88 
5.4.2 GE Digital Wind Farm 90 
5.4.3 GE Offshore Wind Turbines 92 
5.4.4 Block Island Wind Farm, The First Offshore Farm in the U.S. 94 
5.4.5 GE Wind Turbine Global Presence 95 
5.5 Goldwind 95 
5.5.1 Goldwind Manufacturing Plants 96 
5.6 Leitwind 97 
5.7 Mingyang 98 
5.8 Nordex 98 
5.9 Siemens Wind Power And Renewables 99 
5.9.1 Siemens Gamesa Third-Quarter Revenue 100 
5.9.2 Siemens Onshore 106 
5.9.3 Siemens Onshore 116
5.9.4 Siemens Off shore 117
5.9.5 Siemens Offshore 122
5.9.6 Siemens Digital Transformation 135
5.10 Suzlon 136
5.11 United Power 153
5.12 Vestas 154
5.12.1 Vestas Strategy 155
5.12.2 Vestas Revenue 156
5.12.3 Vestas Onshore 157
5.12.4 Vestas Activities in the Offshore Wind Power Area 158
5.12.5 Vestas Services 161
5.12.6 Vestas Regional Split 162
5.12.7 Vestas Revenue 162
5.12.8 Vestas Service Revenue 163

List of Figure:

Figure 1. Power Projects Example 14 
Figure 2. Go to Market Strategies 15 
Figure 3. Coal Energy Declining, Renewable Energy Increasing 16 
Figure 4. Wind Turbine Market Driving Forces 20 
Figure 5. Wind Turbine Market Shares, Dollars, Worldwide, 2016 and 2017 21 
Figure 6. Wind Turbine Market Shares, GW Units, Worldwide, 2017 22 
Figure 7. Wind Turbine Market Shares, GW Output, Worldwide, 2012 to 2017 24 
Figure 8. Wind Turbine Market Shares, # Turbines Shipped, Worldwide, 25 
Figure 9. Wind Turbine Market Shares, # Turbines Installed, Worldwide, 26 
Figure 10. Wind Turbine Market Shares, Average, Dollars per Turbine Shipped, Worldwide, 27 
Figure 11. Wind Turbine Markets, Dollars, Worldwide, 2012-2017 28 
Figure 12. Wind Turbine Markets, Dollars, Worldwide, 2017-2024 28 
Figure 13. Siemens Regional GW of Wind Turbine Installed 29 
Figure 14. Global Power Generation Additions 30 
Figure 15. Wind Turbine Market Shares, Onshore, Offshore, Dollars, Worldwide, 2012 - 2017 32 
Figure 16. Wind Turbine Market Shares, Onshore, Offshore, Dollars, Worldwide, 2012 - 2017 33 
Figure 17. Wind Turbine Market Shares, Onshore, Offshore GW, Worldwide, 2012 - 2017 34 
Figure 18. Wind Turbine Market Shares, Onshore, Offshore, Percent, Worldwide, 2017 - 2024 35 
Figure 19. Wind Turbine Market Shares, Onshore, Offshore, Percent, Worldwide, 2017 - 2024 36 
Figure 20. Onshore Wind Turbines Positioned for Growth 37 
Figure 21. Onshore, Offshore, and Service Wind Turbine Volume Prospects 38 
Figure 22. Vestas Onshore Wind Turbine Market Objectives 40 
Figure 23. Vestas Onshore Wind Turbine Market Forecast 41 
Figure 24. Offshore Diversified Wind Turbine Business 42 
Figure 25. Siemens Onshore and Offshore Wind Turbine Business Prospects 43 
Figure 26. Energy Market Segments 45
Figure 27. Wind Turbine North Sea Project 49 
Figure 28. Electricity Hub Distribution From North Sea Island 51 
Figure 29. Wind Turbine Segment Forecasts, Vertical, Horizontal, Percent, 2018 - 2024 53 
Figure 30. Wind Turbine Segment Forecasts, Vertical, Horizontal, Dollars, Worldwide, 2018 - 2024 54 
Figure 31. Wind Turbine Segment Forecasts, Vertical, Horizontal, Dollars, Worldwide, 2012 - 2017 56 
Figure 32. Wind Turbine Regional Analysis Revenue, Dollars, 2017 – 2024 63 
Figure 33. Wind Turbine Regional Analysis Revenue, Percent, 2017 – 2024 63 
Figure 34. Wind Turbine Regional Analysis Revenue, Dollars, 2012 – 2017 63 
Figure 35. Wind Turbine Regional Analysis Revenue, Percent, 2012 - 2017 63 
Figure 36. Vestas Regional Wind Turbine Deliveries 64 
Figure 37. Siemens Wind Turbine Growth Trajectory 65 
Figure 38. Indian Government Commitment to Wind Turbines 68 
Figure 39. Wind Auctions Gaining Momentum 69 
Figure 40. Initiatives by Government under Consideration 70 
Figure 41. Suzlon Market Conditions 71 
Figure 42. Suzlon Increasing Market Share in India 72 
Figure 43. Global Power Generation Capability 77 
Figure 44. Low Auction Prices Transform Wind into Mainstream Energy Source 78 
Figure 45. Global Transition to Auction Systems 79 
Figure 46. Solar PV & Hybrid, Storage, and Offgrid 80 
Figure 47. Enercon Gearless Drive Concept 81 
Figure 48. ENERCONE-126 EP4 Technical Details 83 
Figure 49. Kestrel e400nb Application Areas 86 
Figure 50. GE Wind Turbines 87 
Figure 51. GE Suites: Onshore and Offshore 88 
Figure 52. GE Turbine Sizes 88 
Figure 53. GE Renewable Energy Metrics 91 
Figure 54. GE Wind Turbine Technical Specifications 93
Figure 55. Siemens Gamesa Wind Turbine Regional Strengths 99 
Figure 56. Siemens Onshore ASP in Order Intake 101 
Figure 57. Siemens Target Cost Reductions Based on Gamesa Synergies 102 
Figure 58. Siemens R&D Spend on Platform and Digitization 104 
Figure 59. Siemens Wind Turbine Footprint Optimization 105 
Figure 60. Siemens Onshore Metrics 106 
Figure 61. Siemens Onshore Wind Installations 107 
Figure 62. Transition to Auctions has Caused Accelerated Price Adjustments 108 
Figure 63. Siemens Wind Turbine Growth Trajectory 109 
Figure 64. Siemens Gamesa SGRE Orders Booked 110 
Figure 65. Siemens Post Merger Scale Market Opportunity 111 
Figure 66. Siemens Strategy in Different Regional Markets 111 
Figure 67. Siemens Gamesa Metrics 115 
Figure 68. Siemens Wind Turbine Revenue 118 
Figure 69. Siemens Wind Turbine Sales Offices 119 
Figure 70. Siemens Gamesa Merger Objectives 120 
Figure 71. Siemens Geared vs. Direct Technology Objectives 121 
Figure 72. Siemens Wind Turbine Levelized Offshore Wind Auction Prces 124 
Figure 73. Siemens Market Positioning 125 
Figure 74. Siemens Wind Turbine Partnering 126 
Figure 75. Siemens Wind Turbine Industrialization 127 
Figure 76. Siemens Consolidation of Adwan Activities 128 
Figure 77. Siemens Clear Leader in Offshore Wind Turbine Market 131 
Figure 78. Siemens Metrics Wind Turbine 132 
Figure 79. Siemens Scale, Global Reach, and Local Presence 133 
Figure 80. Siemens GW Installed Globally 2017 to 2030 134 
Figure 81. Siemens Digital Transformation 135 
Figure 82. Suzlon Wind Turbines 136 
Figure 83. Suzlon Wind Turbine Positioning 138
Figure 84. Suzlon and Industry Performance 139 
Figure 85. Suzlon Delivery Volumes 140 
Figure 86. Suzlon Pan India Segment 141 
Figure 87. Suzlon Debt Reduction 142 
Figure 88. Suzlon Service Revenue 144 
Figure 89. Suzlon Revenue 145 
Figure 90. Suzlon 2017 Revenue 146 
Figure 91. Suzlon Order Backlog 147 
Figure 92. Wind as Competitive Source of Power 148 
Figure 93. Suzlon Increase in Energy Yield 149 
Figure 94. India Offshore Met Station 150 
Figure 95. Suzlon Technology Locations 151 
Figure 96. Suzlon Global Presence 152 
Figure 97. Vestas Wind Turbines 154 
Figure 98. Vestas Wind Turbine 154 
Figure 99. Vestas Market Positioning 160 
Figure 100. Vestas Wind Turbine Features 160

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