Onshore Wind Energy Market Growth Analysis, Key Findings and Forecast till 2023

Global Non-Volatile Memory Market Research Report: Forecast to 2023

Global Onshore Wind Energy Market Research Report: Forecast to 2023

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Global Non-Volatile Memory Market Research Report: Forecast to 2023

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Global Non-Volatile Memory Market Research Report: Forecast to 2023

Summary Today with the use of renewable sources of energy is increasing, it is possible to convert wind power into electricity, leading to the rise of wind farms. Therefore, the market is growing for onshore wind energy.

Market Research Future (MRFR) has published a research report about the global onshore wind energy market that reckons raise for this market at 27% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023.

The major factor enhancing the onshore wind energy market growth is innovation in the wind turbine sector, increasing projects in the construction of wind farms as well as wind parks and lowering the cost of electricity. However, higher outputs from the offshore wind farm and more focus on offshore wind projects can hinder the market growth.

The rising development of facilities to harness wind energy is proving to be significantly conducive to market growth. The market is also considerably influenced by the need to achieve a leveled cost of electricity. The enhancements in the product lines for wind turbines is expected to motivate the onshore wind energy market further. The market is expected to gain various prospects due to the demand for higher capacity of electricity globally.

Competitive Landscape The competitors are avidly tackling the challenges to development and are making strategies that can lead to an advantageous overall effect on the market's growth. The market contestants find themselves in a favorable place with the ability to deal with the speed of change. The competitive viewpoint for the market is expected to expand considerably in the approaching period. The market pros are making efforts to establish strong value chains that can bring in amplified profits. The chances for growth in the market are demonstrating ample area for progress in the forecast period. The advances in the market are expected to be encouraged by the escalation in investments and product developments. The perceived tendency for the market’s advance has enhanced following the improved approachability to encouraging aspects of the market.

The important contenders shaping the onshore wind energy market globally are General Electric Wind Energy (U.S.), Siemens AG (Germany), Envision energy (China), Suzlon (India), Vestas Wind System A/S (Denmark), Enercon GmbH (Germany) Nordex S.E. (Germany), Repower (Switzerland), Gazelle Wind Turbines (U.K.), Mitsubishi Power Systems (Japan), and Clipper Wind Power (UK) are among others.

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Global Non-Volatile Memory Market Research Report: Forecast to 2023

Market Segmentation The segmentation of the onshore wind energy market is carried out on the basis of wind capacity, power capacity, end-use, grid connectivity, application, and regions.

On the basis of wind capacity, the onshore wind energy market is segmented into medium wind speed, high wind speed, and low wind speed.

Based on power capacity, the onshore wind energy market is segmented into 500 KW to 2 MW, less than 500 KW, and more than 2 MW. Based on end-use, the onshore wind energy market is segmented into hybrid power, utilities, commercial & industrial, and others.

On the basis of application, the onshore wind energy market is segmented into peak power management, system stability, demand response, frequency response, and power storage.

Based on grid connectivity, the onshore wind energy market is segmented into on-grid and off-grid.

On the basis of region type, the onshore wind energy market is segmented into Europe, North America, Asia Pacific, and Rest of World.

Regional Analysis The analysis on the basis of regions carried out for the onshore wind energy market includes regions such as Europe, North America, Asia Pacific, and Rest of World.

The onshore wind energy market is anticipated to observe remarkable development all through the forecast period. The Asia Pacific region led the onshore wind energy market globally in 2017. In the Asia Pacific region, factors like the growing installed capacity of electricity along with growing stress on renewable energy in countries such as India, China, and Japan are expected to push the onshore wind energy market development through the forecast period.

The North American and European region is also anticipated to observe noteworthy development through the forecast period. The growing concern for clean energy together with strict regulations for standard power generation is expected to boost the progress of the onshore wind energy market in these regions.

During the forecast period, North America and Europe are also expected to witness significant growth due to the increasing concern for clean energy, the presence of many key market players in these two regions, and strict regulations for conventional power generation. In North America, the most important countryspecific markets are the USA and Canada. In Europe, such markets are France, Germany, Italy, and the UK, followed by the remaining countries of Europe.

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Global Non-Volatile Memory Market Research Report: Forecast to 2023

Latest Industry News • •

Google has deployed artificial intelligence (AI) tools made by its AI division DeepMind, that is expected to boost the value of energy generated by onshore wind farms by 20%. 1 MAR 2019 General Electric (GE) has plans to increase the marketing of mega-turbines for offshore wind farms in Japan. GE aims to gain a foothold in the nascent sector here as the company intends to reduce its dependence from fossil-fuel energy. GE also seeks to sell the Cypress 5.3 MW turbine for onshore wind farms as well. 28 FEB 2019

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Global Non-Volatile Memory Market Research Report: Forecast to 2023

owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.

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Copyright Š 2017 Market Research Future.