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Wind Likely to Surpass 2014 Installation Record

  • September 2015
  • 16 pages
  • GlobalData
Report ID: 3311529

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Wind Likely to Surpass 2014 Installation Record

Summary

The global wind market is likely to surpass 2014 installation record. China led new wind installations in H1 2015 with a total installed capacity of 10.1 Gigawatts (GW), followed by Germany (2.3 GW), the US (2.0 GW), India (1.3 GW), Brazil (1.2 GW), and Canada (510 Megawatts (MW)). Global new publicly announced wind turbine order intake in Q2 2015 increased by 19.4% over Q1 2015, and 40.6% over Q4 2014. The UK overtook the US as the largest market for publicly announced wind turbine orders in H1 2015, followed by the US and India. Major wind turbine manufacturers such as Vestas, Nordex, and Gamesa Corporacion Tecnologica saw an increase in their order backlogs in Q2 2015 compared with Q1 2015, due to higher order intake activity. Most OEMs witnessed an increase in service revenue in 2014 over 2013, as turbine maintenance continued to provide steady revenue. Companies such as Gamesa and Vestas had a good start in Q1 2015 in terms of O&M revenues. Revenue opportunities are motivating technological innovations and service improvement to meet the dynamic needs of the wind industry O&M business. Germany is expected to dominate by accounting for more than 47% of the average installations during the 2015–2016 period, while China is expected to occupy the second position. Average wind turbine prices have stabilized since 2014, with a marginal increase, reaching $1.10m per MW. Pricing pressures have eased due to policy stability, steady demand, and the expansion of Chinese suppliers in the Asian market.

Scope

- The report covers quarterly order intake for wind turbines between Q1 2014 and Q2 2015
- Order intake has been further classified by country and region for 2014-H1 2015 and H1 2015 respectively.
- It also covers OEMs order backlog, global wind industry highlights, installation outlook for offshore and total wind energy, order intake for offshore wind turbines in 2014 and H1 2015, major markets for offshore wind in H1 2015, operations and maintenance performance for major OEMs along with few major O&M contracts, wind power policy updates in H1 2015, feed-in-tariffs for wind power, global wind turbine price trend for 2009 to 2015 and its expected trend along with average price for Vestas and Mingyang wind turbines.

Reasons to buy

- To understand the global wind market performance in H1 2015 and expected market trends in near future.

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