Abstract
This is the sixteenth edition of the annual World Market Update produced by BTM Consult ApS - a part of Navigant Consulting, and covers developments in the wind energy sector during 2010. As in previous editions, the report also assesses important changes over the last three years and forecasts progress for five years ahead. The special topic in this year's WMU is a review of Direct-Drive concept versus traditional Drive Train with gearbox. The global market for wind power produced a record for new installations in 2010 of 39.4 GW installed capacity, however, with a much lower growth rate than in the period 2005 to 2009. The rapid increase in the rate of installations in both Asia and the US was already clear in 2008-09. That trend has continued in China but the US experienced a significant slow-down in 2010. Europe stayed relatively stable - old markets stagnated but new emerging markets grew. Another new reality is that most of the world's manufacturing of wind turbines now takes place in China. Companies producing wind turbines there have experienced an explosive rate of growth. As a result four Chinese companies are among the world's Top Ten turbine manufacturers. An inevitable impact
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Citation Formats
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International wind energy development. World market update 2010. Forecast 2011-2015.
Denmark: N. p.,
2011.
Web.
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International wind energy development. World market update 2010. Forecast 2011-2015.
Denmark.
None.
2011.
"International wind energy development. World market update 2010. Forecast 2011-2015."
Denmark.
@misc{etde_1013761,
title = {International wind energy development. World market update 2010. Forecast 2011-2015}
author = {None}
abstractNote = {This is the sixteenth edition of the annual World Market Update produced by BTM Consult ApS - a part of Navigant Consulting, and covers developments in the wind energy sector during 2010. As in previous editions, the report also assesses important changes over the last three years and forecasts progress for five years ahead. The special topic in this year's WMU is a review of Direct-Drive concept versus traditional Drive Train with gearbox. The global market for wind power produced a record for new installations in 2010 of 39.4 GW installed capacity, however, with a much lower growth rate than in the period 2005 to 2009. The rapid increase in the rate of installations in both Asia and the US was already clear in 2008-09. That trend has continued in China but the US experienced a significant slow-down in 2010. Europe stayed relatively stable - old markets stagnated but new emerging markets grew. Another new reality is that most of the world's manufacturing of wind turbines now takes place in China. Companies producing wind turbines there have experienced an explosive rate of growth. As a result four Chinese companies are among the world's Top Ten turbine manufacturers. An inevitable impact of this shift is that the market shares of the traditional industry leaders from the US and Europe have decreased significantly with Vestas and Siemens as exception in 2010. At the same time a rapid expansion of manufacturing capacity by European turbine makers has taken place in the US. Europe contributed 29.9% of the newly added capacity - 10,920 MW - taking the continent's total wind power generation capacity to 87,565 MW. The growth in Asia's markets has once again been staggering. With 21,130 MW of new installations, South and East Asia accounted for 53.6% of the global total in 2010.China was the major contributor, with 18,928 MW of new capacity, 37% over that of 2009. In terms of cumulative installed wind power, China surpassed the US in 2010, with 44,781 MW, despite around a third of that capacity was not operational by the end of 2010 due to lack of sufficient grid capacity. Worldwide installations of wind energy generating capacity have now reached a total of 199,520 MW. The forecast released in this WMU shows an average growth rate of 15.5% for the period 2011-2015. The main trends reflected in this year's forecast are. 1) Globalization is taking place, with seven markets around the world now with an annual installation level of more than 1,000 MW. Twenty-one country markets have passed the milestone of more than 1,000 MW of cumulative capacity. Three markets have passed the 25,000 MW milestone - China, the US, and Germany; 2) Global growth will continue in spite of the constraints resulting from the international financial turmoil. Clear signs of recovery are being seen during 2010. Renewable energy, including wind power, is still one of the preferred assets for investors and is maintaining its priority status against the twin current challenges of economic recovery and climate change. (ln)}
place = {Denmark}
year = {2011}
month = {Mar}
}
title = {International wind energy development. World market update 2010. Forecast 2011-2015}
author = {None}
abstractNote = {This is the sixteenth edition of the annual World Market Update produced by BTM Consult ApS - a part of Navigant Consulting, and covers developments in the wind energy sector during 2010. As in previous editions, the report also assesses important changes over the last three years and forecasts progress for five years ahead. The special topic in this year's WMU is a review of Direct-Drive concept versus traditional Drive Train with gearbox. The global market for wind power produced a record for new installations in 2010 of 39.4 GW installed capacity, however, with a much lower growth rate than in the period 2005 to 2009. The rapid increase in the rate of installations in both Asia and the US was already clear in 2008-09. That trend has continued in China but the US experienced a significant slow-down in 2010. Europe stayed relatively stable - old markets stagnated but new emerging markets grew. Another new reality is that most of the world's manufacturing of wind turbines now takes place in China. Companies producing wind turbines there have experienced an explosive rate of growth. As a result four Chinese companies are among the world's Top Ten turbine manufacturers. An inevitable impact of this shift is that the market shares of the traditional industry leaders from the US and Europe have decreased significantly with Vestas and Siemens as exception in 2010. At the same time a rapid expansion of manufacturing capacity by European turbine makers has taken place in the US. Europe contributed 29.9% of the newly added capacity - 10,920 MW - taking the continent's total wind power generation capacity to 87,565 MW. The growth in Asia's markets has once again been staggering. With 21,130 MW of new installations, South and East Asia accounted for 53.6% of the global total in 2010.China was the major contributor, with 18,928 MW of new capacity, 37% over that of 2009. In terms of cumulative installed wind power, China surpassed the US in 2010, with 44,781 MW, despite around a third of that capacity was not operational by the end of 2010 due to lack of sufficient grid capacity. Worldwide installations of wind energy generating capacity have now reached a total of 199,520 MW. The forecast released in this WMU shows an average growth rate of 15.5% for the period 2011-2015. The main trends reflected in this year's forecast are. 1) Globalization is taking place, with seven markets around the world now with an annual installation level of more than 1,000 MW. Twenty-one country markets have passed the milestone of more than 1,000 MW of cumulative capacity. Three markets have passed the 25,000 MW milestone - China, the US, and Germany; 2) Global growth will continue in spite of the constraints resulting from the international financial turmoil. Clear signs of recovery are being seen during 2010. Renewable energy, including wind power, is still one of the preferred assets for investors and is maintaining its priority status against the twin current challenges of economic recovery and climate change. (ln)}
place = {Denmark}
year = {2011}
month = {Mar}
}