Wind Regains Momentum in 2014 and Industry Outlook Improves
The global market improved substantially in 2014 with annual installations reaching 52 Gigawatts (GW), representing growth of almost 45% over 2013. In 2015, cumulative wind installed capacity is expected to increase by 14% to reach 425 GW. Global new wind turbine order intake in Q1 2015 increased by 44% over Q1 2014 and 8% over Q4 2014. The US maintained its position as the largest market for wind turbine orders in 2014, followed by Brazil, the Netherlands, the UK and Germany. However, in Q1 2015, Brazil is likely to beat the US to the top spot. Most of the major wind turbine manufacturers saw an increase in their order backlogs in Q4 2014 compared to Q3 due to a higher order intake. Most OEMs witnessed an increase in service revenue in 2014 over 2013, as turbine maintenance continues to provide steady revenue. O&M revenue opportunity is motivating technological innovations and service improvement to meet the dynamic needs of the wind industry O&M business. In 2014, offshore wind installations in the UK, Belgium and Germany helped Europe to remain the leader in offshore wind development. In 2015, Germany is expected to dominate by accounting for more than 50% of annual installations, while China is expected to more than triple its annual installations. Average wind turbine prices recovered in Q4 2014, reaching $1.20m per Megawatt (MW) due to growing demand for lower-class wind turbines that command a higher price than those that are older and less efficient. Strong competition has helped to maintain stable wind turbine prices, and high-yield models with incremental technological advancements continue to fetch premium prices over base models.
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The global market improved substantially in 2014 with annual installations reaching 52 Gigawatts (GW), representing growth of almost 45% over 2013. In 2015, cumulative wind installed capacity is expected to increase by 14% to reach 425 GW. Global new wind turbine order intake in Q1 2015 increased by 44% over Q1 2014 and 8% over Q4 2014. The US maintained its position as the largest market for wind turbine orders in 2014, followed by Brazil, the Netherlands, the UK and Germany. However, in Q1 2015, Brazil is likely to beat the US to the top spot. Most of the major wind turbine manufacturers saw an increase in their order backlogs in Q4 2014 compared to Q3 due to a higher order intake. Most OEMs witnessed an increase in service revenue in 2014 over 2013, as turbine maintenance continues to provide steady revenue. O&M revenue opportunity is motivating technological innovations and service improvement to meet the dynamic needs of the wind industry O&M business. In 2014, offshore wind installations in the UK, Belgium and Germany helped Europe to remain the leader in offshore wind development. In 2015, Germany is expected to dominate by accounting for more than 50% of annual installations, while China is expected to more than triple its annual installations. Average wind turbine prices recovered in Q4 2014, reaching $1.20m per Megawatt (MW) due to growing demand for lower-class wind turbines that command a higher price than those that are older and less efficient. Strong competition has helped to maintain stable wind turbine prices, and high-yield models with incremental technological advancements continue to fetch premium prices over base models.
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Market Research Store Wind Regains Momentum And Industry Outlook Size, Share, Global Trends, Analysis, Research Report and Forecast, 2014 sales@marketresearchstore.com www.marketresearchstore.com
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Market Research Store<br />
<strong>W<strong>in</strong>d</strong> <strong>Rega<strong>in</strong>s</strong> <strong>Momentum</strong><br />
And<br />
<strong>Industry</strong> <strong>Outlook</strong><br />
Size, Share, Global Trends,<br />
Analysis, Research Report<br />
<strong>and</strong> Forecast,<br />
<strong>2014</strong><br />
sales@marketresearchstore.com<br />
www.marketresearchstore.com
Table of content<br />
Report Description<br />
Summary<br />
The global market improved substantially <strong>in</strong> <strong>2014</strong> with annual <strong>in</strong>stallations<br />
reach<strong>in</strong>g 52 Gigawatts (GW), represent<strong>in</strong>g growth of almost 45% over 2013. In<br />
2015, cumulative w<strong>in</strong>d <strong>in</strong>stalled capacity is expected to <strong>in</strong>crease by 14% to reach<br />
425 GW. Global new w<strong>in</strong>d turb<strong>in</strong>e order <strong>in</strong>take <strong>in</strong> Q1 2015 <strong>in</strong>creased by 44% over<br />
Q1 <strong>2014</strong> <strong>and</strong> 8% over Q4 <strong>2014</strong>. The US ma<strong>in</strong>ta<strong>in</strong>ed its position as the largest<br />
market for w<strong>in</strong>d turb<strong>in</strong>e orders <strong>in</strong> <strong>2014</strong>, followed by Brazil, the Netherl<strong>and</strong>s, the<br />
UK <strong>and</strong> Germany. However, <strong>in</strong> Q1 2015, Brazil is likely to beat the US to the top<br />
spot. Most of the major w<strong>in</strong>d turb<strong>in</strong>e manufacturers saw an <strong>in</strong>crease <strong>in</strong> their<br />
order backlogs <strong>in</strong> Q4 <strong>2014</strong> compared to Q3 due to a higher order <strong>in</strong>take. Most<br />
OEMs witnessed an <strong>in</strong>crease <strong>in</strong> service revenue <strong>in</strong> <strong>2014</strong> over 2013, as turb<strong>in</strong>e<br />
ma<strong>in</strong>tenance cont<strong>in</strong>ues to provide steady revenue. O&M revenue opportunity is<br />
motivat<strong>in</strong>g technological <strong>in</strong>novations <strong>and</strong> service improvement to meet the<br />
dynamic needs of the w<strong>in</strong>d <strong>in</strong>dustry O&M bus<strong>in</strong>ess. In <strong>2014</strong>, offshore w<strong>in</strong>d<br />
<strong>in</strong>stallations <strong>in</strong> the UK, Belgium <strong>and</strong> Germany helped Europe to rema<strong>in</strong> the leader<br />
<strong>in</strong> offshore w<strong>in</strong>d development.
Table of content<br />
Report Description<br />
In 2015, Germany is expected to dom<strong>in</strong>ate by account<strong>in</strong>g for more than 50% of<br />
annual <strong>in</strong>stallations, while Ch<strong>in</strong>a is expected to more than triple its annual<br />
<strong>in</strong>stallations. Average w<strong>in</strong>d turb<strong>in</strong>e prices recovered <strong>in</strong> Q4 <strong>2014</strong>, reach<strong>in</strong>g $1.20m<br />
per Megawatt (MW) due to grow<strong>in</strong>g dem<strong>and</strong> for lower-class w<strong>in</strong>d turb<strong>in</strong>es that<br />
comm<strong>and</strong> a higher price than those that are older <strong>and</strong> less efficient. Strong<br />
competition has helped to ma<strong>in</strong>ta<strong>in</strong> stable w<strong>in</strong>d turb<strong>in</strong>e prices, <strong>and</strong> high-yield<br />
models with <strong>in</strong>cremental technological advancements cont<strong>in</strong>ue to fetch premium<br />
prices over base models.<br />
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Table of content<br />
Report Description<br />
Scope<br />
‣ The report covers quarterly order <strong>in</strong>take for w<strong>in</strong>d turb<strong>in</strong>es between Q1 <strong>2014</strong><br />
<strong>and</strong> Q1 2015<br />
‣ Order <strong>in</strong>take has been further classified by country <strong>and</strong> region for 2013 <strong>and</strong><br />
<strong>2014</strong>.<br />
‣ It also covers OEMs order backlog, <strong>in</strong>stallation outlook for offshore <strong>and</strong> total<br />
w<strong>in</strong>d energy, order <strong>in</strong>take for offshore w<strong>in</strong>d turb<strong>in</strong>es <strong>in</strong> 2013 <strong>and</strong> <strong>2014</strong>, major<br />
markets for offshore w<strong>in</strong>d <strong>in</strong> <strong>2014</strong>, operations <strong>and</strong> ma<strong>in</strong>tenance performance<br />
for major OEMs along with few major O&M contracts, w<strong>in</strong>d power policy<br />
updates <strong>in</strong> <strong>2014</strong>, feed-<strong>in</strong>-tariffs for w<strong>in</strong>d power, global w<strong>in</strong>d turb<strong>in</strong>e price trend<br />
for 2009 to <strong>2014</strong> <strong>and</strong> its expected trend along with average price for Vestas<br />
<strong>and</strong> M<strong>in</strong>gyang w<strong>in</strong>d turb<strong>in</strong>es.
Table of content<br />
Report Description<br />
Reasons to buy<br />
‣ To underst<strong>and</strong> the global w<strong>in</strong>d market performance <strong>in</strong> <strong>2014</strong> <strong>and</strong> expected<br />
market trends <strong>in</strong> near future.<br />
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<strong>2014</strong>-<strong>and</strong>-<strong>in</strong>dustry-outlook-13841#reportTableOfContent<br />
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