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Market Overview:-

The demand for clean energy resources is increasing owing to the increased demand for electricity, and upcoming regulations unfavourable to conventional sources of energy. The continuous exploitation of renewable energy source has resulted in a higher number of wind energy projects around the globe. Innovation in the technology of wind turbines and wind parks has also added value to the onshore wind energy market. The large scale projects of power generation through wind farms and wind parks is expected to boost the onshore wind energy market.

The global oil and gas waste heat recovery market is expected to expand at  27% CAGR during the forecast period.

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Industry Top Key Players:-

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

Scope of the Report:-

This study provides an overview of the global onshore wind energy market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the oil and gas waste heat recovery market by its sector, by application, by equipment, by end-user and by region.

By End-Use

  • Utilities
  • Commercial & Industrial
  • Hybrid power
  • Others

By Application

  • Peak power management
  • System stability
  • Demand responsibility
  • Frequency responsibility
  • Power storage

By Power capacity

  • Less than 500 KW
  • 500 KW to 2 MW
  • More than 2 MW

By Grid connectivity

  • Off-grid
  • On-grid

By Wind capacity

  • High wind speed
  • Medium speed wind
  • Low wind speed

By Regions

  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  

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Market Research Analysis:-

Utilities by end-use, on-grid by connectivity, Peak power management by application and high wind speed by wind capacity are expected to hold the largest shares and expand the highest CAGR over the forecast period.

Global onshore wind energy market has been segmented on the basis of end-use, application, grid connectivity, power capacity, wind capacity and region. Based on end-use, the market is further segmented into utilities, commercial & industrial, hybrid power and others. Among these, the utilities segmented are expected to hold major market share. Since utilities are responsible to provide the electricity supply from the demanding sectors. There has been sharp increase in demand for electricity from last decade from the growing economies, thus utilities require more and more power to match the demand. Peak power management segment commands the largest market share by application type, the main reason being shortage of electricity during peak hours.