Wind Turbine Market - 700GW+ Total Installed Wind Power Capacity by 2020

Aug 22, 2016, 04:00 ET from RnR Market Research

PUNE, India, August 22, 2016 /PRNewswire/ --

RnRMarketResearch.com adds "Global and China Wind Turbine Industry Report, 2016-2020" and "Global Wind Turbine Industry 2016 Market Research Report" to its online business intelligence library.

In 2015, global new installed wind power capacity reached 63.01GW, up 22.41% YoY, refreshing new installed wind power capacity records again. China continues to lead the global wind power market with new installed capacity of 30.75GW in 2015 and the first worldwide ranking for six consecutive years. The wind power market will continue to be buoyant during the 13th Five-Year Plan period (2016-2020). The global total installed wind power capacity is expected to surpass 700GW by 2020, of which, China will reach around 250GW. Complete Report of 145 pages is available at http://www.rnrmarketresearch.com/global-and-china-wind-turbine-industry-report-2016-2020-market-report.html .

Large-scale wind power is the development trend of wind power technology in recent years. China's new per-unit power of wind turbine has been on the rise since 2000, hitting 1,837kW in 2015, more than three times as much as that in 2000. Concerning China's new installed wind power capacity in 2015, 1.5MW and 2MW wind turbines were predominant with a combined 84% share, of which, 2MW wind turbine outperformed 1.5MW wind turbine for the first time and accounted for 50%. Development of offshore wind power growing at a steady pace is expected to accelerate in the future. In 2015, China's new grid-connected capacity of offshore wind power was recorded at 360.5MW, occupying 10.7% of the global total. China's total installed grid-connected capacity of offshore wind power is planned to hit 30GW by 2020, while the cumulative actual installed capacity was merely 1GW in 2015. Given this, the offshore wind power construction will be greatly sped up. To solve the wind turbine suspension problem, distributed wind power generation will be the first choice in the future. There has been a phased saturation for large-scale wind power development in Northwest, Northeast and North China, where the wind turbine suspension problem is increasingly severe. In 2015, wind turbine suspension volume reached a peak i.e. 33.9 billion kWh in five years, registering an average suspension rate of 15%. To improve the situation, the government has proposed the priority development of distributed wind power during the 13th Five-Year Plan period. According to the plan, the installed distributed wind power capacity will be 25GW by 2020 and 70GW by 2050.

With global new installed capacity of 7.8GW, Goldwind Science & Technology Co., Ltd. became the world's largest wind turbine manufacturer in 2015, followed successively by Vestas, GE, Siemens and Gamesa. In June 2016, Siemens announced the signing of a binding agreement with Gamesa on merging wind power business of both sides (including Siemens Wind Power Services). Affected by this, the global wind turbine market structure will be changed in 2016. In addition to Goldwind Science & Technology, there were 8 Chinese players reporting new installed wind power capacity of over 1MW in 2015, namely United Power, Envision Energy, Mingyang Wind Power, CSIC (Chongqing) HaizhuangWindpower Equipment, Shanghai Electric, XEMC Windpower, DongfangElectric Corporation and Zhejiang Windey, in succession. Furthermore, wind-turbine parts companies in China have good supply capability. In terms of wind power blade, China has possessed the 1.5MW wind blade R&D and production capacity, which will increase gradually to 3MW, 5MW and even more; representative firms include AVIC HuitengWindpower Equipment Co., Ltd., Shanghai FRP Research Institute Co., Ltd., Lianyungang ZhongfuLianzhong Composites Group Co., Ltd. and Sinoma Science & Technology Co.,Ltd. With respect to wind power gearbox, Nanjing High Accurate Drive Equipment Manufacturing Group Co., Ltd. (NGC) as a leader in China and even in the world registers a share of 60% domestically and 23% globally. In the aspect of wind power converter, foreign brands like ABB, Converteam and Emerson take the leading position; however, Sungrow Power Supply, Hopewind Electric, Shanghai Hi-tech Control System Co., Ltd. (HITE) and other local firms are rising. Order a copy of Global and China Wind Turbine Industry Report, 2016-2020 at http://www.rnrmarketresearch.com/contacts/purchase?rname=640501 .

Another research titled Global Wind Turbine Industry 2016 Market Research Report provides analysis for the international market including development history, competitive landscape analysis, and major regions' development status. The research focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. Companies mentioned Global Wind Turbine Engine Industry are Sinovel Wind, Goldwind, DEC, Guodian United Power Technology, MingYang Electrical Appliance, Vestas, XEMC Windpower, GE Wind, Suzlon, Gamesa, Shanghai Electric Wind, Zhejiang Windey Wind Power Enginerring, Repower, China Creative Wind Energy, Beijing BEIZHONG Steam Turbine Generator, Envision Energy, CSR Zhuzhou Insitute, ZheJiang Huayi Wind Energy Development, Nordex and New Unite Holdings. Browse Complete Global Wind Turbine Industry 2016 Market Research Report http://www.rnrmarketresearch.com/global-wind-turbine-industry-2016-market-research-report-market-report.html .

Explore more Turbines Industry research report at http://www.rnrmarketresearch.com/reports/manufacturing-construction/machines-equipment/turbines .

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