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Global Onshore Wind Turbine Market, Forecast to 2025 - Technology Innovation & Growth in Demand for Renewable Power Purchase Agreements are Likely to Drive the Market in Future -

DUBLIN--(BUSINESS WIRE)--Jan 10, 2020--

The "Growth Opportunities in the Global Onshore Wind Turbine Market, Forecast to 2025" report has been added to's offering.

Onshore wind energy involves the harvesting of wind power from wind turbines set up on land.

The growing popularity of onshore wind as a suitable alternative to meet country-specific clean energy targets, along with strong regulatory support, is driving the growth of the global onshore wind turbine market. Repowering of aging onshore wind farms, especially in Europe and North America, is expected to further drive the market demand in the coming years. The growing interest of the corporate sector in procuring wind power to meet its renewable energy goals, as well as falling wind turbine prices, further drives installations.

Rising energy demands in several regional markets also contribute to the market growth.

The growing offshore wind market supported by technological advancements such as floating turbines and targeted policies in some regional markets such as India and the US may reduce the demand for onshore wind in the long term. Additionally, land constraints including lack of environmental and social acceptability for onshore wind farm sites further curtail the growth of the market.

Innovations in turbine technology such as higher capacity onshore turbines, modular turbines, 3D printing, and additive manufacturing are bringing down the overall cost of onshore wind power. Leveraging technological advancements in data analytics and Internet of Things (IoT) is enabling the development of smart wind turbines with increased connectivity, operation optimization, and predictive capabilities. Another trend shaping the market is the continued decrease in the levelized cost of electricity of onshore wind in all regional markets, making wind power increasingly more competitive with conventional fuel sources.

China holds the largest share in the global onshore wind turbine market.

Europe, North America, and India are other leading regional markets. Ambitious clean energy targets are driving the rapid expansion of the onshore wind power market in India. Mature markets in the UK, Germany, and the US are expected to generate demand as a result of increasing repowering or updating activities for aging wind power farms in the regions. Emerging markets in the onshore wind space include Brazil, Mexico, Australia, and South Africa.

Key Topics Covered:

1. Executive Summary

Key Findings

2. Executive Dashboard

Purpose of this Experiential Study 5-step Process to Transformational Growth Strategic Imperatives for Onshore Wind Turbine Market Participants

3. Growth Environment-Market Overview

Scope of the Study Drivers and Restraints Drivers Explained Restraints Explained Global Hotspots Repowering of Aging Onshore Wind Farms Corporate PPAs for Onshore Wind Energy

4. Market Forecasts

Revenue Forecast by Region Revenue Forecast Discussion by Region Annual Installed Capacity Forecast by Region Annual Installed Capacity Forecast Discussion by Region Pricing Trends Pricing Trends Discussion Market Share Market Share Analysis Competitive Environment North America Annual Installed Capacity Forecast by Country Country Profile-US Market Share Analysis Europe Annual Installed Capacity Forecast by Country Country Profile-Germany Country Profile-UK Country Profile-France Market Share Analysis APAC Annual Installed Capacity Forecast by Country Country Profile-Japan Market Share Analysis China Annual Installed Capacity Forecast Market Share Analysis India Annual Installed Capacity Forecast Market Share Analysis Middle East and Africa Annual Installed Capacity Forecast by Country Market Share Analysis Latin America Annual Installed Capacity Forecast by Country Country Profile-Brazil Country Profile-Mexico Country Profile-Chile Market Share Analysis

5. Visioning Scenarios

Macro to Micro Visioning New Business Models Impacting the Onshore Wind Turbine Market-PPAs Disruptive Technologies Industry Mega Trends

6. Vision and Strategy-Growth Opportunities

Growth Opportunity 1-Smart Wind Turbines Growth Opportunity 2-Emerging Geographies Growth Opportunity 3-Repowering of Wind Farms

7. Growth Opportunities Matrix

Identifying Your Company's Growth Zone Growth Opportunities 1-3-Vision and Strategy Growth Opportunities Matrix

8. Growth Strategy and Implementation

Growth Strategies for Your Company Prioritized Opportunities Through Implementation Legal Disclaimer

Companies Mentioned

Vestas General Electric Siemens Gamesa Enercon Goldwind Nordex

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SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 01/10/2020 12:07 PM/DISC: 01/10/2020 12:07 PM

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