Report Feature
The wind turbine market has experienced significant growth over the last five years and is expected to continue its growth momentum, reaching approximately US $96 billion by 2016 with a CAGR of 12% over the next five years for annual installations.
Concerns over climate change, crude oil prices, and increasing energy demand are generating global interest in renewable resources to meet the world’s energy needs. Wind is a clean, abundant, rapidly growing energy source. The business of generating electricity from wind is set to expand as China, the US, and Rest of the World (ROW) seeks cleaner, more sustainable ways to create electricity. Although wind is more expensive than conventional energy sources, wind turbines have evolved rapidly and decades of research and development have resulted in lower wind energy prices making wind energy competitive with fossil-based fuel energy prices.
Lucintel’s research indicates that the percentage growth rate in cumulative capacity is expected to decrease every year as global cumulative wind capacity increases. This fluctuating growth rate in cumulative capacity brings the total capacity to 568,310 MW by the end of 2016. Asia is expected to remain the leader in wind energy installations. The Chinese and the USA markets are expected to top the list in new turbine installations, with Portugal, France, Italy, the UK, Ireland, and the Netherlands steadily adding capacity.
Composites consumption in the wind market is expected to witness a healthy growth over the forecast period and reach US $5.5 billion in 2016.
Lucintel’s research report provides detailed market structure, value chain analysis, and comparative analysis of wind markets, trend scenarios, and forecast statistics for 2011–2016. The report also details the wind market’s drivers and challenges, policies affecting the market, competitive analysis between wind energy with other energy sources, composite materials consumption in the wind energy market, and more.
This unique report from Lucintel provides the valuable information, insights, and tools needed to identify new growth opportunities and operate successfully in this market. Wind energy market report is estimated to save hundreds of hours of your personal research time and it is anticipated to significantly help in expanding your business in this market. In today’s unstable economy, you need every advantage to keep you ahead in your business.
To make business, investment, or strategic decisions, you need timely and adequate information. Wind energy market report fulfills this core need and is an indispensable reference guide for multi-national material suppliers, product manufacturers, investors, executives, distributors and many more, who are dealing with the Chinese wind market.
Some of the features of “Growth Opportunities in Wind Energy Markets 2011–2016: Materials, Markets, and Technologies” are-
- Global wind energy market size in terms of value and volume shipment
- Global battery market trend and forecast in terms of value and volume shipment
- Regional analysis of global wind market (European market, North America, Asia, Rest of the World, Costa Rica, Brazil)
- Competitive analysis: Wind Energy with Other Energy Sources
- Flow chart for the value chain in the wind energy market major growth drivers and challenges for wind energy
- Key materials requirements and suppliers to the wind industry
- Trend and forecast of battery market by materials, by market and by technologies
- Emerging trend for global wind energy market
- A total over 132 valuable figures/charts and 58 tables are provided in this roughly 320 page report.
Table of Contents
1. Executive Summary
2.1. History of Wind Energy Use
2.3. Wind Energy … Present
2.4. Wind Energy … Future
2.2.1. What is Wind Energy?
2.2.2. What Causes the Wind to Blow?
2.2.3. What are Major Components of a Wind Turbine?
2.2.4. How big are Wind Turbines?
2.2.5. How Much Does a Wind System Cost?
2.2.6. What is the Extent of Maintenance Required by Wind Turbines?
2.2.7. Are there Good Wind Resources?
2.2.8. What are the Advantages of Wind-Generated Electricity?
2.2.9. What are the Economic Obstacles to Greater Wind Power Usage?
2.2.10. Are there Environmental Problems Faced by Wind Power?
2.2.11. Are there Drawbacks to the Use of Wind Energy?
2.2.12. Is Wind Energy Good for Economy?
2.2.13. Is the Cost of Wind Power Competitive with Conventional Power Plants?
2.2.14. Can Homeowners Sell Excess Electricity to the Utility?
6.1. Industry Leaders and Market Analysis
6.5.1. Aerisyn
6.5.2. American Tower Company
6.5.3. Ameron International Corporation - WTG
6.5.4. Beaird Industries, Inc.
6.5.5. COMEQ, Inc.
6.5.6. Composite Technology Corporation
6.5.7. CWMF, Inc.
6.5.8. DMI Industries, Inc
6.5.9. Hailo LLC Professional
6.5.10. Hitachi America Ltd.
6.5.11. Innovative Metal Products
6.5.12. Johnson Plate and Tower Fabrication
6.5.13. MBI
6.5.14. Tower Tech Systems, Inc.
6.5.15. Trinity Structural Towers, Inc.
List of Tables
Figure 4.1: Growth in cumulative wind capacity installation in global wind energy market 2000–2010
Figure 4.2: Total installed capacity by region at the end of 2010
Figure 4.3: Wind energy market distribution by top five countries by the end of 2010
Figure 4.4: New turbine installation by region in 2010
Figure 4.5: New turbine installation by major countries in 2010
Figure 4.6: Total installed capacity by region by the end of 2009
Figure 4.7: Cumulative market distribution of wind energy by country, 2009
Figure 4.8: New turbine installation in 2009 by region
Figure 4.9: New turbine installation in 2009 by country
Figure 4.10: Growth in European wind energy market, 2000–2010
Figure 4.11: Cumulative wind capacity by European countries in 2010
Figure 4.12: Market distribution by new wind capacity installation in Europe in 2010
Figure 4.13: Growth of cumulative wind energy installations in Germany, 2005–2010
Figure 4.14: Growth of cumulative wind energy installations in Spain, 2005–2010
Figure 4.15: Growth of cumulative wind energy installations in Denmark, 2005–2010
Figure 4.16: Growth of cumulative wind energy installations in the UK, 2005–2010
Figure 4.17: Growth of cumulative wind energy installations in Ireland, 2005–2010
Figure 4.18: Growth of cumulative wind energy installations in the Netherlands, 2005–2010
Figure 4.19: Growth of cumulative wind energy installations in Italy, 2005–2010
Figure 4.20: Growth of cumulative wind energy installations in Sweden, 2005–2010
Figure 4.21: Markets for wind energy in North America in 2010
Figure 4.22: Growth of cumulative wind energy installations in North America, 2000–2010
Figure 4.23: Growth of cumulative wind energy installations in the US, 2000–2010
Figure 4.24: Distribution of US installed MW capacity by state, 2010
Figure 4.25: Growth of cumulative wind energy installations in Canada, 2000–2010
Figure 4.26: Wind energy market in Asia by country in 2010
Figure 4.27: Growth of wind energy capacity in India
Figure 4.28: Growth of wind energy market in China
Figure 4.29: Wind energy market in ROW, 2010
Figure 4.30: Blade length for various turbine capacities
Figure 4.31: Wind energy market distribution by turbine capacity
Figure 4.32: Average turbine capacity by year, 2000–2010
Figure 5.1: Country share of the top five leading wind markets in 2010
Figure 5.2: Percentage growth in cumulative wind capacity by major countries in 2010
Figure 5.3: Trend in global cumulative wind capacity by year 2000–2010
Figure 5.4: Trend in new wind capacity installations 2000–2010
Figure 5.5: Trend in growth in global cumulative wind capacity 2000–2010
Figure 5.6: Trend in the global wind energy equipment market value 2005–2010
Figure 5.7: Trend in average turbine capacity (MW) installed 2000–2010
Figure 5.8: Trend in new wind turbine installations 2000–2010
Figure 5.9: Expected progress of average and maximum blade lengths in meters
Figure 5.10: Trend in average turbine blade weight 2000–2010
Figure 5.11: Global market forecast in cumulative MW wind energy capacity 2011–2016
Figure 5.12: Forecast for new installations worldwide 2011–2016
Figure 5.13: Cumulative wind energy capacity forecast by region 2011–2016
Figure 5.14: Forecast of average turbine capacities 2011–2016
Figure 5.15: Forecast for new turbine installations 2011–2016
Figure 5.16: Forecast for wind blades installed 2011–2016
Figure 5.17: Forecast for average blade weight in pounds 2011–2016
Figure 5.18: Forecast for global wind energy market value ($ billion) 2011–2016
Figure 5.19: Evolution of wind turbine technology to meet evolving demands
Figure 5.20: Current trends, future technology, and future materials for turbine components
Figure 7.1: Comparing density and Young’s modulus for reinforcement materials
Figure 7.2: Tensile elongation (% change) for polyester, vinyl ester, and epoxy resins
Figure 7.3: Comparing tensile strength of resins at different cure temperatures and times
Figure 7.4: Price/performance comparison for resins
Figure 7.5: Annual composite materials consumption (million pounds) in the wind energy market
Figure 7.6: Trend in market value of composites consumption in wind energy market
Figure 7.7: Typical composite materials distribution by turbine components
Figure 7.8: Volume of composite materials consumption by turbine components, 2010
Figure 7.9: Composites shipment distribution (%) by blade/turbine manufacturer, 2010
Figure 7.10: Composites shipments (million pounds) by wind blade manufacturers, 2010
Figure 7.11: Composite materials consumption (%) by type of raw materials used in 2010
Figure 7.12: Composite materials consumption (million pounds) by type of raw materials used in the wind market, 2010
Figure 7.13: Composite shipments ($ million) by type of raw materials used in 2010
Figure 7.14: Percentage composites consumption by blade manufacturing technique, 2010
Figure 7.15: Composite shipments (million pounds) by manufacturing techniques in 2010
Figure 7.16: Recent trends in distribution of wind energy market composites use by blade manufacturing process
Figure 7.17: Composites shipment distribution by region in 2010
Figure 7.18: Composites consumption in Europe, North America, and Asia in 2010
Figure 7.19: Forecast for composites consumption (million pounds) in global wind energy market, 2011–2016
Figure 7.20: Forecast for composites consumption ($ million) in global wind energy market, 2011–2016
Figure 7.21: Forecast for composites consumption by type of materials in 2016
Figure 7.22: Forecast for composites shipments (million pounds) by regions in 2016
Figure 7.23: Forecast for composites shipments (million pounds) by turbine components in 2016
Figure 8.1: Blade shapes showing complex airfoil construction
Figure 8.2: Turbine blades
Figure 8.3: Technicians finishing the mold for making blades
Figure 8.4: Workers finishing the blade surface
Figure 8.5: Demonstration of blade manufacturing
Figure 8.6: Process flow in rotor blade manufacturing
Figure 8.7: Rotor blade market (million pounds) by manufacturing techniques in 2010
Figure 8.8: Material flow chart for the wet hand lay-up process
Figure 8.9: Material flow chart for the VARTM process
Figure 8.10: Material flow chart for the prepreg lay-up process
Figure 8.11: Wind blade manufacturing plant
Figure 8.12: Blade manufacturers’ market share in 2010
Figure 8.13: Expected progression of average and maximum blade lengths in meters
Figure 8.14: Progression of rotor dimensions with increase in MW capacity
Figure 8.15: Blade material evolution trends with trend in blade technology
Figure 8.16: Trends in wind blade manufacturing process
Figure 8.17: Innovations in wind blade manufacturing
Figure 8.18: Blade production using first generation of robotics in the form of laser-guided and automatic glass lay-up
Figure 9.1: Summary of composites materials used in the wind market
Figure 9.2: Strength comparison of unidirectional E-glass system
Figure 9.3: Strength comparison of unidirectional carbon fiber system
Figure 9.4: Compressive property comparison for various types of core materials (average 6 lb/ft3 density)
Figure 9.5: Shear strength comparison of various types of core materials (6 lb/ft3)
Figure 9.6: Composite materials consumption by type of raw materials used in 2010
Figure 9.7: Volume shipments of composite materials in the wind market in 2010
Figure 15.1: Flow chart for the value chain in the wind energy market
Figure 15.2: Composite materials consumption (million pounds) by type of raw materials used in the wind market in 2010
Figure 15.3: Composites shipments ($ million) by type of raw materials used in 2010
Figure 15.4: Turbine manufacturing, material value, and value addition through various nodes of the value chain (raw material to end product) in 2010
Figure 15.5: 2010 revenue ($) flow chart through various manufacturing processes
Table 1.1: Market parameters for global wind energy market and attributes of usage
Table 1.2: Market parameters for composite materials usage in global wind energy market
Table 2.1: Typical turbine parameters
Table 2.2: Turbine facts of a Vestas 3 MW Turbine installed in 2010
Table 2.3: Turbine parameter of a 7.5 MW turbine manufactured by ENERCON
Table 3.1: Energy data for 2010 for the US
Table 3.2: Average power plant sizes between 1980 and 2000
Table 4.1: Worldwide wind energy capacities (cumulative) from 1980 to 1990
Table 4.2: Worldwide wind energy capacities (cumulative) from 1990 to 2010
Table 4.3: Wind energy capacities by Top 20 countries at the end of 2009 and 2010
Table 4.4: Ranking of countries in terms of cumulative wind capacity 2006 to 2008
Table 4.5: Growth of wind energy in Europe (MW)
Table 4.6: Ranking of countries in Europe in terms of cumulative wind capacity
Table 4.7: Growth of wind energy in Germany (MW)
Table 4.8: Growth of wind energy in Spain (MW)
Table 4.9: Growth of wind energy in Denmark (MW)
Table 4.10: Growth of wind energy in the United Kingdom (MW)
Table 4.11: Growth of wind energy in Ireland (MW)
Table 4.12: Growth of wind energy in the Netherlands (MW)
Table 4.13: Growth of wind energy in Italy (MW)
Table 4.14: Growth of wind energy in Sweden (MW)
Table 4.15: Growth of wind energy in the US (MW)
Table 4.16: US wind turbine growth
Table 4.17: New turbines (MW) installed by turbine manufacturers in 2010
Table 4.18: Turbine supplier market share by number of turbines installed in 2010, for the US market
Table 4.19: Canadian wind market capacity 2007–2010
Table 4.20: Major wind farms in Canada
Table 4.21: Growth of wind energy in India 2007–2010
Table 4.22: Growth of wind energy in China 2007–2010
Table 4.23: Weight of turbine components for various standard Vestas turbines
Table 4.24: Cost breakdown for initial capital investment in a 1.5 MW wind turbine
Table 5.1: Growth rates in worldwide cumulative wind energy capacities, 1990 to 2010
Table 5.2: Comparing average wind capacity growth rates in over different historical periods
Table 5.3: Trend in growth in cumulative wind capacity, annual installation for the top wind-producing countries
Table 5.4: Percentage growth in new MW installation 2000–2010
Table 5.5: Growth forecast for new capacity and cumulative capacity 2011–2016
Table 5.6: Wind energy market forecast by region 2011–2016
Table 6.1: Industry leaders and their market share in 2009 and 2010
Table 6.2: Summary of Synergy turbines
Table 6.3: Summary of Jacobs wind turbines
Table 6.4: Summary of LM rotor blades
Table 7.1: Comparison of mechanical properties for various reinforcements
Table 7.2: Summary of advantages and disadvantages of polyester, vinyl ester and epoxy resins
Table 7.3: Comparison of mechanical properties for polyester, vinyl ester, and epoxy resins
Table 7.4: Typical epoxy resin properties for rotor blades
Table 7.5: Summary of raw materials used by turbine/blade manufacturers
Table 7.6: Summary of manufacturing techniques used by blade manufacturers
Table 8.1: Summary of manufacturing techniques used by blade manufacturers
Table 8.2: Comparison of advantages and disadvantages in hand lay-up, infusion, and prepreg processes
Table 9.1: Properties of fibers and conventional bulk materials
Table 9.2: Typical epoxy resin properties for rotor blades
Table 9.3: Comparative data for balsa and PVC core materials
Table 9.4: Summary of raw materials used by turbine/blade manufacturers
Table 10.1: Changes in turbine parameters for turbines in 2008 and 2010
Table 10.2: Blade parameters for a carbon blade (ATV 25)
Table 10.3: List of turbine and blade manufacturers using carbon fiber
Table 11.1: Weights of turbine components for various Vestas turbines
Table 14.1: Weights of turbine components for various Vestas standard turbines
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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