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Wind Electricity Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Starting Price : $4000 | Pages : 175 | Published : January 2021 | SKU CODE : | Format :


The wind electric power generation market consists of sales of wind power and related services. The wind electric power generation industry includes establishments engaged in producing electricity by using wind turbines. The wind energy is converted to electric power through the rotation of the blades of a rotor (between 10 and 25 rpm), producing kinetic energy, which in turn drives a generator that converts the mechanical energy into electricity. The electricity produced is then supplied to electric power transmission systems, which are used to move large quantities of power from generating facilities to substations, and to distribution systems, which are used for short distances to transport electricity to customers locally. This market includes revenues generated from both offshore and onshore wind turbines.

The global wind electricity market is expected to grow from $1947.2 billion in 2020 to $2078.17 billion in 2021 at a compound annual growth rate (CAGR) of 6.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2762.29 billion in 2025 at a CAGR of 7%.

The wind electric power generation market covered in this report is segmented by connectivity into on-grid, off-grid and by end-use into industrial, commercial, residential.

Growing investments in the clean energy sector is contributing to the growth of the wind electric power generation market. Clean energy is an energy derived from renewable, zero-emissions sources, that does not pollute the environment. Solar, hydro, and wind energy are the primary sources of clean energy. For instance, in 2020, according to 'Africa Business Communities', UK invested over $66.7 million (£50 million) into clean energy projects in Africa. The UK government invested in advanced, clean technology and is partnering with African countries to develop sustainable energy sources to meet the African energy demand which is set to increase by 60% by 2040. Growing investments in the clean energy sector to meet the energy demand is driving the wind electric power generation market.

Weather conditions have always been a major challenge in the wind electric power generation market. Weather change is related to most extreme weather conditions, from around the globe. For instance, in 2019, in India, according to a new study by the Harvard John A. Paulson School of Engineering and Applied Sciences (SEAS) and the Harvard China Project, warming of Indian Ocean, triggered by global climate change, will cause a slow decline in wind power output in India. The study also states Indian monsoon is weakening, leading to a steady decline in wind power. As a result, over the past 40 years, the potential production of electricity has fallen by 13%. Adverse weather conditions has a negative impact on wind electric power generation resulting in decline of wind power.

Companies in the power generation industry are using hybrid wind-hydro power generation systems to improve the electricity generation outputs. Hybrid wind-hydro power generation systems generate electricity by combining wind turbines and pumped storage. Using these systems, electric power from wind energy is generated around the clock and electric power from water movement is generated when the water that flows down from the reservoirs. When there is surplus energy, the additional water is pumped back to the reservoirs, acting as a large-scale battery. Due to the simultaneous work of wind turbines and hydro turbines, there is a continuous supply of electricity from the plant. For instance, in 2018, Max Boegl Wind AG and GE Renewable Energy collaborated and started operations on the first wind farm with an integrated hydropower plant project. Power generation companies should consider embracing the hybrid wind-hydro turbine model to improve the electricity generation outputs.

In December 2018, Mitsui & Co., Ltd., a Japan-based international trade and development company, acquired 34% of the shares in Vientos Los Hercules S.A. from Total Eren S.A., a developer of solar and wind energy projects headquartered in France. Mitsui, through its equity owned power generation businesses, owns 9.1 GW of generation capacity. The transaction increased Mitsui’s share in Argentina’s market, and helps Mitsui meet the objectives of the government to increase the percentage of renewable energy in Argentina to 20% by 2020. Vientos Los Hercules S.A is a power generation company that operates wind farms in Argentina.

The major players covered in the global wind electricity market are Ming Yang Smart Energy Group Ltd., NextEra Energy Resources, LLC, Pacific Hydro Pty Ltd., Shell WindEnergy, Inc., TransAlta Corporation, Xinjiang GoldWind Science & Technology Co., Ltd., Berkshire Hathaway Energy, Pattern Energy, IBERDROLA Renewables, EON Climate & Renewables, Alstom, ABO-Wind, Vattenfall, A2 Sea, Tradewind Energy, Geronimo, ReGen Powertech, Leitwind, Doosan Heavy Industries & Construction, Northland Power Inc., Duke Energy Corporation, Electricité de France S.A., American Electric Power (USA), Orsted A/S, DeWind Inc., Dongfang Electric Corporation Limited, Enel Green Power S.p.A., Wind World (India) Limited, Eurus Energy Holdings Corporation, Guodian United Power Technology Company Limited.

The countries covered in the global wind electricity market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia.

The regions covered in the global wind electricity market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global wind electricity market is segmented -

1) By Connectivity: On-Grid, Off-Grid

2) By End-User: Industrial, Commercial, Residential

3) By Location: Onshore, Offshore

    1. Executive Summary

    2. Wind Electric Power Generation Market Characteristics

    3. Wind Electric Power Generation Market Trends And Strategies

    4. Impact Of COVID-19 On Wind Electric Power Generation

    5. Wind Electric Power Generation Market Size And Growth

    5.1. Global Wind Electric Power Generation Historic Market, 2015-2020, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Wind Electric Power Generation Forecast Market, 2020-2025F, 2030F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Wind Electric Power Generation Market Segmentation

    6.1. Global Wind Electric Power Generation Market, Segmentation  By Connectivity, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    On-Grid

    Off-Grid

    6.2. Global Wind Electric Power Generation Market, Segmentation  By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

     Industrial

    Commercial

    Residential

    6.3. Global Wind Electric Power Generation Market, Segmentation  By Location, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Onshore

    Offshore  

    7. Wind Electric Power Generation Market Regional And Country Analysis

    7.1. Global Wind Electric Power Generation Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    7.2. Global Wind Electric Power Generation Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    8. Asia-Pacific Wind Electric Power Generation Market  

    8.1. Asia-Pacific Wind Electric Power Generation Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    9. China Wind Electric Power Generation Market  

    9.1. China Wind Electric Power Generation Market Overview  

    9.2. China Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

    10. India Wind Electric Power Generation Market  

    10.1. India Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    11. Japan Wind Electric Power Generation Market  

    11.1. Japan Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    12. Australia Wind Electric Power Generation Market  

    12.1. Australia Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    13. Indonesia Wind Electric Power Generation Market  

    13.1. Indonesia Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    14. South Korea Wind Electric Power Generation Market  

    14.1. South Korea Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    15. Western Europe Wind Electric Power Generation Market  

    15.1. Western Europe Wind Electric Power Generation Market Overview

    15.2. Western Europe Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    16. UK Wind Electric Power Generation Market  

    16.1. UK Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    17. Germany Wind Electric Power Generation Market  

    17.1. Germany Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    18. France Wind Electric Power Generation Market  

    18.3. France Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    19. Eastern Europe Wind Electric Power Generation Market  

    19.1. Eastern Europe Wind Electric Power Generation Market Overview

    19.2. Eastern Europe Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    20. Russia Wind Electric Power Generation Market  

    20.1. Russia Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    21. North America Wind Electric Power Generation Market  

    21.1. North America Wind Electric Power Generation Market Overview

    21.2. North America Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    22. USA Wind Electric Power Generation Market  

    22.1. USA Wind Electric Power Generation Market Overview

    22.2. USA Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    23. South America Wind Electric Power Generation Market  

    23.1. South America Wind Electric Power Generation Market Overview

    23.2. South America Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    24. Brazil Wind Electric Power Generation Market  

    24.1. Brazil Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    25. Middle East Wind Electric Power Generation Market  

    25.1. Middle East Wind Electric Power Generation Market Overview

    25.2. Middle East Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    26. Africa Wind Electric Power Generation Market  

    26.1. Africa Wind Electric Power Generation Market Overview

    26.2. Africa Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    27. Wind Electric Power Generation Market Competitive Landscape And Company Profiles

    27.1. Wind Electric Power Generation Market Competitive Landscape

    27.2. Wind Electric Power Generation Market Company Profiles

    27.2.1. Engie

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. NextEra Energy Resources, LLC

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Pacific Hydro Pty Ltd.

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Shell WindEnergy, Inc.

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. TransAlta Corporation

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Wind Electric Power Generation Market

    29. Wind Electric Power Generation Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Table 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Table 3: Global Wind Electric Power Generation Market, Segmentation  By Connectivity, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 4: Global Wind Electric Power Generation Market, Segmentation  By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 5: Global Wind Electric Power Generation Market, Segmentation  By Location, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 6: Global Wind Electric Power Generation Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 7: Global Wind Electric Power Generation Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 8: Asia-Pacific, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 9: China, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 10: India, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 11: Japan, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 12: Australia, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 13: Indonesia, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 14: South Korea, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 15: Western Europe, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 16: UK, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 17: Germany, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 18: France, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 19: Eastern Europe, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 20: Russia, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 21: North America, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 22: USA, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 23: South America, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 24: Brazil, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 25: Middle East, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 26: Africa, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 27: Engie Financial Performance
  • Table 28: NextEra Energy Resources, LLC Financial Performance
  • Table 29: Pacific Hydro Pty Ltd. Financial Performance
  • Table 30: Shell WindEnergy, Inc. Financial Performance
  • Table 31: TransAlta Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Figure 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Figure 3: Global Wind Electric Power Generation Market, Segmentation  By Connectivity, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 4: Global Wind Electric Power Generation Market, Segmentation  By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 5: Global Wind Electric Power Generation Market, Segmentation  By Location, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 6: Global Wind Electric Power Generation Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 7: Global Wind Electric Power Generation Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 8: Asia-Pacific, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 9: China, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 10: India, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 11: Japan, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 12: Australia, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 13: Indonesia, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 14: South Korea, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 15: Western Europe, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 16: UK, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 17: Germany, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 18: France, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 19: Eastern Europe, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 20: Russia, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 21: North America, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 22: USA, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 23: South America, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 24: Brazil, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 25: Middle East, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 26: Africa, Wind Electric Power Generation Market, Segmentation By End-use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 27: Engie Financial Performance
  • Figure 28: NextEra Energy Resources, LLC Financial Performance
  • Figure 29: Pacific Hydro Pty Ltd. Financial Performance
  • Figure 30: Shell WindEnergy, Inc. Financial Performance
  • Figure 31: TransAlta Corporation Financial Performance
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