Utility Grade Wind Turbine Market Shares, Strategies, and Forecasts, Worldwide, 2012 to 2018

$3700 - Single Copy or $7400 - Web Posting | Report # SH25031852 | 515 Pages | 177 Tables and Figures | 2012

Wind Turbines Implement Renewable Energy On Grand Scale

Check Out These Key Topics
Wind Markets
Energy sector
Wind Turbine Financial Orders
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Wind Farms
On-Shore Turbine Market Forecast
Offshore Wind Turbines Market Forecasts
Wind Genrated Eelectricity
Challenges For Offshore Wind Farms
Storage to Accommodate Variable Nature of Wind Power
Wind Energy Storage
Cost Of Wind Integration
Turbine Blade
Wind Turbine Hybrid Natural Gas Systems
Wind Turbine Hybrid Solar Energy Systems
Benefits of Wind Power for Utilities
Rotor Area
Wind Speed
Wind Turbine Metal Components
Wind Turbine Forged Parts
Wind Turbine Cast Parts
Wind Turbine Machined Parts
Wind Turbine Blade Technology
Wind Turbine Smart Controls
Wind Turbine Stealth Research
Wind Turbine Floating Foundations
National Energy Offshore Wind Power

Utility Grade Wind Turbine Market Shares, Strategies, and Forecasts, Worldwide, 2012 to 2018

 

WinterGreen Research announces that it has published a new study on wind turbines. The 2012 study has 515 pages, 177 tables and figures. Worldwide markets are poised to achieve significant growth as countries impose stricter environment controls on the use for fossil fuels and coal to generate electricity. The fact that wind energy has reached parity for the long term comparative cost of energy, bodes well for market growth.

China is emerging as a significant user of wind energy. The leadership of China has a focus on local generation of electricity using wind and solar renewable sources. Chinese leadership is very concerned about the pollution brought by the fossil fuel power generations and is very concerned about the deleterious effect of air pollution on the grandchildren. Like people everywhere, these leaders are very attached to family and to their grandchildren.

Japan is anticipated to start to replace its entire nuclear electricity generating capacity. That nuclear power generation capacity has been shut down completely and is unlikely to ever reopen. Floating wind generator systems represent a significant market opportunity for vendors. Wind systems are relatively quick to put in place and get operational.

The aim of virtually every government in the world is to encourage low carbon energy generation technologies to take over. This strategy echoes with a core message from the International Energy Agency's World Energy Outlook 2011: Delaying action to reduce emissions is a 'false economy' - for every $1 of investment avoided in the power sector before 2020 an additional $4.3 would need to be spent after 2020 to compensate for the increased emissions.

A single Vestas wind turbine generates 25 times more energy than it uses in its lifecycle. A single Vestas wind turbine emits only one percent of carbon dioxide when compared to a coal power plant. When producing solutions to harness wind energy a small negative impact on the environment is made. Vestas is committed to reducing this impact to the extent possible.

China led the world in installing wind-power capacity in2011. It is very interesting that China is moving to implement local generation of renewable energy. This is a strategic move to use the wind energy where it is generated. The ability to use wind electricity where it is generated as much as possible appears to be the most cost efficient way to leverage renewable energy.

Local generation of wind energy is the most efficient way to utilize the power. Wind energy is poised to be less expensive than any other type of energy generation, faster to implement, and easier to store. The ability to distribute it directly from substations leverages an in place infrastructure, supporting direct investment in energy generation rather than build out of expensive high energy transmission lines.

Most electricity is used near urban centers that are not high wind areas, conducive to building wind farms with high power turbines. Localization of wind energy generation represents a way to get close to cities and population centers in a way that eliminates the need to build high power transmission lines. Localized wind energy can be transmitted to electrical substations and distributed to the users in an efficient manner.

Local delivery of wind energy is a priority for the Chinese because they see it as a way to avoid the crushing costs of building high voltage transmission systems. Vestas China has received its first V100 turbine order. The order came from Datang Hubei Renewable Energy (Datang Renewable). The newest addition to the 2 MW platform in China took place in early 2011. The order represents an important step into the low wind regime in China, but also a step into the new geographical market of the Hubei province for Vestas.

The 27 units of V100-1.8 MW turbines have a total capacity of 48.6 MW. They will be installed in the Long Ganhu wind farm in the Hubei province, a low-wind site with an average wind speed at 5 m/s. Compared to other wind power plants in China, the Long Ganhu site is situated close to one of the intensively energy consuming areas of Hubei province.

This answers the call from the National Government of pursuing the development of "distributed" wind power in China. The successful application of Vestas' V100 at this wind site will set an example for distributed wind power at low-wind sites in other provinces, and the open-up in the Hubei province will bring new business opportunities for Vestas.

The low-wind sites in China is a new market of huge potential, but a new market implies new challenges for wind power developers. A proven and reliable technical platform and well-recognized business partners are a plus. Datang Renewable's selection of Vestas for low-wind sites is the best recognition of long-term value in cooperation with a market leading vendor. The contract is of great significance; it helps open up a new market for Vestas, but also firms steps towards the exploitation of the dominant wind regime in China.

Vendors have a significant presence in renewables-based energy generation technologies: hydro, solar thermal and photovoltaic and biomass. Vendors own cogeneration assets, producing hydrogen through wind power. Hydrogen is used in stationary fuel cells, creating electricity for campus environments that is stable 24 hours per day. In this case, hydrogen becomes an energy storage mechanism.

According to Susan Eustis, lead author of the study, "wind energy market growth is inevitable. The requisite 100 successful trials have long since proved the viability of the technology, the turbines have elaborate systems engineering to ensure simplicity of design, and the costs provide wind generated energy at parity with fossil fuel generation. As storage systems evolve to mitigate the difficulties in intermittent supply of wind, wind energy will grow at a phenomenal rate. Storage will come from the manufacture of hydrogen to achieve campus fuel cell systems and from thin film batteries that provide 40,000 times the energy density of existing lead acid batteries. Breakthroughs in lithium will also provide better energy storage."

Markets growing as fast as the wind energy markets have been growing have difficulties in the evolution of technology and manufacturing. Several vendors report difficulties in manufacturing. Vestas had significant difficulties meeting obligations and had to address manufacturing issues, but retained its brand recognition as a company offering a high quality unit.

Sinovel was not so fortunate. Sinovel encountered macroeconomic cyclical fluctuations as well as delays to some project approvals which impacted sales revenues and also caused a relatively large increase in management costs. Management costs went up 78% to 288m yuan in 2011. Companies in China have come under further pressure this year after grid companies temporarily halted new connections amidst a review of turbine quality.

Sinovel had some market setbacks. In addition to the fatal accidents, a short-circuit accident in February at a Jiuquan wind farm in Gansu seems emblematic of Sinovel's struggles. The mishap knocked 598 turbines, with a combined capacity of 840,000 kilowatts, off the grid. Fluctuating voltage during the incident threatened the entire region's power system, according to the State Electricity Regulatory Commission. The commission called the incident "the gravest accident in China's wind power industry in recent years."

Chinese wind-turbine prices have declined by around 20% for each of the past three years and sell for around half the price of a machine sold in Europe. Chinese wind turbine companies have come under further pressure this year after grid companies temporarily halted new connections amidst a review of turbine quality.

GE encountered market difficulty of a different nature. Demand for wind energy in the U.S. dropped about 50 percent to 4,900 megawatts. The slump prompted Fairfield, Connecticut-based GE, which has the largest share of the U.S. market, to improve its design and attract customers in new low wind markets. Towers are taller, blades longer and lighter, and turbines more reliable. New designs target installation in low wind areas for local distribution of wind generated power.

Wind turbine markets at $32.2 billion in 2011 are anticipated to reach $96.7 billion by 2018. Growth is expected to be worldwide and a result of vendor achievement of marked improvements in the technology. Wind markets for land based high wind areas are saturated. The ability to provide local land based systems in low wind areas and to implement offshore wind farms bodes well for market growth. Countries that invest in wind energy will achieve significant strategic advantage economically as wind energy represents efficient energy infrastructure delivery. Countries that do not invest in wind energy infrastructure will be left in the dust economically.

WinterGreen Research is an independent research organization funded by the sale of market research studies all over the world and by the implementation of ROI / TCO economic models that are used to calculate the total cost of ownership of equipment, services, and software. The company has 35 distributors worldwide, including Global Information Info Shop, Market Research.com, Research and Markets, Bloomberg, and Thompson Financial.

Companies Profiled

Market Leaders
Vestas
Gamesa Corporacion Tecnologica S.A
Goldwind
Nordex AG
Sinovel
Acciona
General Electric / GE
Suzlon / REpower
Siemens
United Technologies / Clipper Windpower
Market Participants
AMSC
Blue Carbon Technology
BP
CSIC holdings / HZ Windpower
Enercon
Eolia Renovables
Eoltec
Fuhrländer Aktiengesellschaft
Göteborg Kommunala / Göteborg Energi
Kinglike Energy Technology
LGC Skyrota Wind Energy
LM Wind Power
Nacel Energy
Nanjing Supermann Industrial & Trading Co. Ltd.
NextEra
Northern Power Systems
Qingdao
Rooftop Wind Power
Standard Steel / Alaska Wind Turbine
Shanghai Donghai Bridge 102MW Offshore Wind Farm Pilot Project
The Switch
TuuliWatti Oy
Urban Green Energy
Winwind
Yingli Green Energy
Selected Wind Industry Associations and Regulators


Report Methodology

This is the 503rd report in a series of market research reports that provide forecasts in communications, telecommunications, the internet, computer, software, and telephone equipment. The project leaders take direct responsibility for writing and preparing each report. They have significant experience preparing industry studies. Forecasts are based on primary research and proprietary data bases. Forecasts reflect analysis of the market trends in the segment and related segments. Unit and dollar shipments are analyzed through consideration of dollar volume of each market participation in the segment. Market share analysis includes conversations with key customers of products, industry segment leaders, marketing directors, distributors, leading market participants, and companies seeking to develop measurable market share. Over 200 in-depth interviews are conducted for each report with a broad range of key participants and opinion leaders in the market segment.

About the Company

WinterGreen Research, founded in 1985, provides strategic market assessments in telecommunications, communications equipment, health care, and advanced computer technology. Industry reports focus on opportunities that will expand existing markets or develop major new markets. The reports assess new product and service positioning strategies, new and evolving technologies, and technological impact on products, services, and markets. Market shares are provided. Leading market participants are profiled, and their marketing strategies, acquisitions, and strategic alliances are discussed. The principals of WinterGreen Research have been involved in analysis and forecasting of international business opportunities in telecommunications and advanced computer technology markets for over 30 years.

About the Principal Authors

Ellen T. Curtiss, Technical Director, co-founder of WinterGreen Research, conducts strategic and market assessments in technology-based industries. Previously she was a member of the staff of Arthur D. Little, Inc., for 23 years, most recently as Vice President of Arthur D. Little Decision Resources, specializing in strategic planning and market development services. She is a graduate of Boston University and the Program for Management Development at Harvard Graduate School of Business Administration. She is the author of recent studies on worldwide telecommunications markets and the Top Ten Telecommunications market analysis and forecasts.

Susan Eustis, President, co-founder of WinterGreen Research, has done research in communications and computer markets and applications. She holds several patents in microcomputing and parallel processing. She is the author of recent studies of the Service Oriented Architecture (SOA) marketing strategies, Internet software, a study of Push to Talk Equipment, Worldwide Telecommunications Equipment, Top Ten Telecommunications, Digital Loop Carrier, Web Hosting, Business Process Management, Servers, Blades, the Mainframe as a Green Machine, and Application Server markets. Ms. Eustis is a graduate of Barnard College.

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