Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Global Wind Capacity Will Reach 703 GW By 2020, Predicts GlobalData

The cumulative installed capacity of the global wind energy market increased by 15.6% in 2015, and is expected to continue to grow and reach 703.4 GW by 2020.

These are the findings from a February report published by information provider GlobalData, Wind Turbine Market, Update 2015 – Market Size, Average Price, Market Share and Key Country Analysis to 2020. Despite a slump in growth in 2013, GlobalData predicts that 2015’s growth will continue through 2020.

GlobalData highlighted China, the United States, and Germany as the top three wind power markets in 2015, in terms of annual additions. China is unsurprisingly leading the way, as has been reported by numerous agencies over the past two months. GlobalData concluded that China was the leader in both the manufacture and deployment of wind turbines in 2015, with an annual installed capacity of 23.0 GW, amounting to 39.7% of the total global annual capacity additions. The US and Germany followed, while Brazil, India, Canada, and the UK all installed significant amounts of wind power of over 1 GW each.

Wind Turbine Market, Global, Share of Annual Addition by Country (%), 2015 

GlobalData-3

The GlobalData report also included 2014 manufacture market statistics — however, its figures seem to be a little behind the times. According to GlobalData’s report, Vestas remained the dominant wind manufacturer with 11.3% of the market share in 2014, followed by Siemens and then Goldwind.

However, new figures from Bloomberg New Energy Finance published late-February placed Goldwind as the leading onshore wind turbine manufacturer in 2015, with 7.8 GW of capacity commissioned during the year — thanks in large part to the surging Chinese market, which installed a record 28.7 GW of new wind capacity in 2015. Vestas came in second, installing 7.3 GW — up an impressive 2.5 GW on 2014 figures (the source for GlobalData’s numbers), followed by GE, which fell from first place in 2014 to third in 2015, installing 5.9 GW.

Siemens installed 3.1 GW of onshore wind in 2015, ranking fourth overall, tied with Gamesa, but Siemens also installed another 2.6 GW of offshore wind, making it the offshore wind turbine manufacturer leader.

Explaining the discrepancy between companies’ numbers can be a monster challenge, and relies a lot on hidden mechanics and access to data.

 
 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Advertisement
 
Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

You May Also Like

Buildings

Heat pumps, hot water heaters, and virtual power plants will do some serious generation-shifting on their own, with or without the Clean Power Plan...

Aviation

A homebuilt electric plane, the Rolls-Royce goal of leading the electric aviation market, hydrogen infrastructure for airports, and more electric aviation news is just...

Cars

"New model, new platform, new class: MG Motor is set to hit the ground running in the full-electric hatchback class with the all-new MG4...

Cars

Citroën has a hot new 100% electric vehicle, the ë-C4 X, and it just entered the UK. As Citroën describes the ë-C4 X, it...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.