The report on Asia-Pacific Wind Energy Market Outlook, Focus on Equipment, Deployment and Geography: Estimation and Forecast 2015-2020 covers the overall wind energy market and the ecosystem that includes the equipments used in a wind energy project. Qualitative and quantitative analysis has been carried out for the wind energy market in the Asia-Pacific region. The qualitative data focuses on the market dynamic, trends, and developments in the wind energy sector; while the quantitative data provides the information of the market statistics in terms of capacity, generation, and revenue.
The countries covered in the report boast of favorable climatic conditions for harnessing wind energy to the utmost potential, which acts as a major boosting factor for driving the market in APAC region. While China has dominated the overall market in terms of capacity, generation, and revenue, India will be the fastest growing country in the remaining of this decade. Owing to the high conversion efficiency and zero green house gas emission aligned with declining prices of the wind energy technology, the wind energy sector has gained high traction in the past couple of years. However, high upfront cost of the wind energy equipment serves as a restraint in the overall growth of the market.
The wind energy sector is segmented as onshore and offshore wind farms on the basis of land or water based deployment. Due to the availability of land and other inexpensive resources in many of the Asian countries the onshore wind farms are mostly deployed in APAC region. The offshore wind energy sector is yet to achieve a wide scale adoption in this region primarily due to the cost involved in the installation of the wind turbines.
The APAC Wind Energy Market chapter is a compilation of comprehensive and rigorous research of the capacity, generation and revenue of wind energy market along with the equipments and their market statistics. The analysis has identified that rotor blades accounted for the highest market share in the year 2015, followed by gearbox. The market growth for gearboxes is anticipated to be fast in the forecast period from 2015-2020 at a CAGR of 4.64%.
The onshore wind energy market in China is dominating the wind energy sector with over half of the market share in terms of revenue. The total installed capacity of wind energy in the country is anticipated to grow higher in the next five years to achieve a cumulative target of 290.38 GW by 2020 by the APAC region. India will be growing at the fastest CAGR of 12.66 % through the forecast period to a reach the cumulative capacity of the APAC by the end of the forecast period. The other countries covered in the report are South Korea, Thailand, Indonesia, Philippines, Pakistan, and Malaysia among others.
The Asia-Pacific based companies leading in the wind energy market are Suzlon (India), Ming Yang (China), Mitshubishi Heavy Industries (Japan) and others. Some other major players having their operation in the APAC region are Vestas ( Denmark), Gamesa (Spain), and Enercon (Germany) among others.
Key Topics Covered:
1 Report Overview
2 Executive Summary
3 Market Overview
4 Industry Analysis
5. APAC Wind Energy Statistics (Capacity)
6 APAC Wind Energy Market, By Deployment Type
7 APAC Wind Energy Market, By Geography
8 Key Company Profiles
- Alstom - Enercon Gmbh - Envision Energy - GE - Gamesa Corporation - Goldwind - Guodian United Power - Ming Yang Group - Shanghai Electric Group - Siemens - Suzlon - Vestas
CONTACT: Research and Markets
Laura Wood, Senior Manager
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Sector: Wind Power
(January 6, 2016 - 5:57 AM EST)
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