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    World's Wind Turbine Markets Keep Trucking, Mostly

    By William Pentland | Forbes – Thu, Aug 18, 2011

    Global wind turbine markets have weathered recent economic storms with remarkable aplomb, according to new study by IHS's Emerging Energy Research division.

    "Industry restructuring is underway as a response to slumping demand, with positive long-term implications for the wind energy sector," said Eduard Sala de Vedruna, Director of Global Wind Energy Advisory at IHS. "Wind turbine players face important strategic decisions now to diversify markets geographically, build a position in offshore wind, and optimize their manufacturing operations to address these demand shifts."

    Although investment levels this year will not reach the record high $34 billion in 2008, the IHS study, "Global Wind Turbine Markets and Strategies: 2011-2025," estimated that investment levels in wind turbines would likely return to previous highs by 2012 and more than double by 2025.

    The international trend towards greater renewable-energy deployment points to a sustained period of wind turbine investment, with equipment purchases expected to more than double by 2025.

    In particular, IHS projected that investment would increase from $30 billion in 2010 to more than $68 billion in 2025 as international installed wind capacity expands from 188 GW to over 940 GW during the same time period.

    The study identified the following key market growth drivers: ambitious long-term renewable electricity demand in the global market, combined with intensifying competition between Asian and European suppliers, technology shifts toward larger turbine procurement, and buy-side consolidation.

    Meanwhile, the market has also been affected by slower than expected economic recovery in the United States, a plateau in European demand, and continued pressure on prices globally are among the reasons investment will remain below the 2008 mark in the short term.

    IHS expects the amount of installed wind power capacity to jump 16% in 2011 compared to the previous year, which will result in an estimated 14% increase in investment for the year. Average prices for turbine plus tower remain below $910/kW in 2011, due to ongoing globalization of turbine manufacturing, increasing competition from Asian suppliers and an abrupt drop in demand that have created a challenging environment for manufacturers.

     

    3 comments

    • BillW
      BillW  •  9 mths ago
      What gets me is how the Greenies demand clean energy like this then shut down projects because of some stupid tortises and birds that may get whacked by the blades.
    • Oleg the Tumor
      Oleg the Tumor  •  9 mths ago
      And every one of them pays for itself over time. Can your beer do this?
    • Mario
      Mario  •  9 mths ago
      Ocean energy has been vastly disregarded, it coul pounch more energy than wind if properly funded
     Post a comment
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