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Additions of wind power capacity set a new global record in 2015 at 63.8 GW. The surge in new capacity last year was largely driven by China, combined with efforts elsewhere to beat deadlines for changes in support mechanisms. The record installation may disguise underlying challenges still facing the wind industry.

In fact, a period of volatility is now expected for global wind market growth after worldwide installations reached a new peak in 2015. Roller coaster growth is forecasted over the next five years, primarily due to the world’s largest wind market China returning to a relatively moderate pace of development during the country’s 13th Five-Year Plan period (2016-2020), major European wind markets moving away from government regulated power prices to competitive power auctions as well as the phasing out of the PTC in the US by 2021.

Despite the ups and downs, FTI Intelligence predicts that the strong momentum of the global transition to clean energy, strengthened by the Paris agreement signed at COP21 and the cost competitiveness of wind, will see the global wind market recover from any faltering by 2022.

Key findings of Global Wind Market Update – Demand & Supply 2015

  • Detailed rankings for turbine OEMs.
  • Detailed wind farm owner-operators and trends of wind project ownership.
  • Forecasts for the wind market from 2016 through 2025 including tailor-made country profiles for established and emerging markets.
  • Evaluations of technology segmentation and technology trends.

The Global Wind Market Update – Demand & Supply 2015 report is being released in four parts. The Demand Side Analysis 2015 will be followed by Project Owner-Operators and Technology Overview. The Supply Side Analysis was released on 23 March 2016.

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