Following a record year in 2015 with 63 GW of installations, 2016 showed a 15% drop in installations, resulting from the slowdown of installation in the world’s largest wind market, China, combined with the sizeable decrease of installation in Poland, Canada and Brazil. 2017 is likely to see the global wind installations drop 3.3% year-over-year, mainly due to the expected further contraction in the Chinese market.
However, global annual wind power installations are likely to grow from 53.7 GW in 2017 to over 71.3 GW in 2026. Additions of new wind power capacity globally for the entire 10-year period are now estimated at 617 GW, which will bring the global cumulative installations to 1,105 GW by the end of 2026.
Key findings of Demand Side Analysis 2016
- Global wind market forecast 2017-2026
- Global wind market forecast ex-China 2017-2026
- Global onshore wind market forecast 2017-2026
- Global offshore wind market forecast 2017-2026
- Global wind market forecast by region 2017-2026
- Country-Specific market forecast 2017-2026
- Forecast 2017-2026 highlights by region and country
- Global wind installation overview for 2016
The Global Wind Market Update – Demand & Supply 2016 report has been released in two parts starting with Supply Side Analysis followed by Demand Side Analysis.Back to Research