The year 2009 will be a defining moment for wind power markets around the world. The global economic crisis that began in late 2008 has thrown the industry into confusion, along with most other global industries. Two competing market views exist, and representatives from each camp were interviewed for this report across the wind power value chain, such as components suppliers, turbine OEMs, wind developers, and power providers.
This Pike Research report analyzes the opportunities and challenges facing wind power in North America – particularly turbine manufacturers – in the current economic and political climate. It assesses drivers of growth include rising demand for electricity, pro-wind regulatory environments, advantages over other renewables, and technological innovations driving down lifetime costs of producing wind power. Key players in the wind energy business are profiled and the report also includes rich quantitative analysis including market sizing, segmentation, market share analysis of top turbine vendors, and growth forecasts for the United States and Canada through 2015.
Key questions addressed:
* What will be the installed wind generation capacity by 2015 in North America?
* How many turbines will be required to meet wind generation capacity goals, including replacing aging fleets?
* What are the key industry growth drivers and challenges inhibiting growth of wind power?
* What are the economics of turbine manufacturing, installation, operations, and maintenance?
* What technological advances may drive down the lifetime costs of wind power production?
* What market shares do the top turbine manufacturers have of installed wind generation capacity?
Who needs this report?
* Wind turbine manufacturers (OEM and components)
* Wind energy developers
* Wind turbine raw materials suppliers
* Wind energy investors
* Wind energy EPC (engineering, procurement, construction) providers
* Government agencies and regulatory officials
* Industry associations
Wind Power Generation Capacity and Turbine Deployments: Market Analysis and Forecasts
Table of Contents
1. Executive Summary
2. Market Issues
2.1 Defining the Market
2.1.1 Wind Power in the Context of All Electricity Sources
2.1.1.1 Global Cumulative Electricity Capacity and Additions – All Sources
2.1.1.2 Global Renewable Electricity Generation Capacity and Additions
2.2 Industry Growth Drivers
2.2.1 Increasing Demand for Energy
2.2.2 Legislative, Regulatory, Incentives, and Subsidies
2.2.3 Advantages to Other Renewables
2.2.3.1 Lower Lifetime Costs than Solar and Hydroelectric
2.2.3.2 Potential Forecasting Improvements
2.2.3.3 Less Land Use Impacts than Solar
2.2.4 Improvements to Existing Technologies
2.2.4.1 Increasing Turbine Capacities
2.2.4.2 Self-Erecting Towers
2.2.4.3 Better Component Reliability
2.3 Implementation Issues
2.3.1 Economic Disadvantages to Nonrenewable Sources
2.3.2 Transmission Line Constraints
3. Technology Issues
3.1 Wnd Turbine Basics
3.1.1 Towers
3.1.2 Nacelles and Interior Components
3.1.3 Rotors – Blades and Hub
3.1.4 Wind Turbine Raw Materials
3.1.5 Types
3.1.5.1 Horizontal Axis vs. Vertical Axis
3.1.5.2 Upwind vs. Downwind
3.1.5.3 Three Blades vs. Two Blades
3.1.5.4 Onshore vs. Offshore
3.1.5.5 Direct Drive vs. Traditional Geared Turbine
3.1.6 Marketability and Commercialization
3.1.6.1 Cost
3.1.6.1.1 Equipment Costs
3.1.6.1.2 Balance of Station Costs
3.1.6.1.3 Operations and Maintenance Costs
3.1.6.1.4 Refurbishment Costs
3.1.6.2 Efficiency
3.1.6.3 Reliability
3.1.6.4 Scalability
3.1.6.5 Availability
4. Market Forecasts and Demand Drivers
4.1 World Energy Generation by Region
4.2 World Renewable Energy Generation by Region
4.2.1 Estimated Wind Energy Production by Region
4.2.2 Wind Energy Forecasts, North America
4.2.2.1 United States
4.2.2.2 Canada
5. Key Industry Players
5.1 Established Turbine Designers, Integrators, and Manufacturers
5.1.1 ACCIONA Energia
5.1.2 Enercon
5.1.3 Gamesa
5.1.4 GE Wind Energy
5.1.5 Mitsubishi Power Systems
5.1.6 Nordex Group
5.1.7 REpower Systems AG
5.1.8 Siemens Energy Sector
5.1.9 Suzlon Energy Limited
5.1.10 Vestas
5.2 New Entrants and Innovators: Turbine Designers, Integrators, and Manufacturers
5.2.1 American Superconductor (AMSC) and Windtec (subsidiary)
5.2.2 Clipper Windpower
5.2.3 Eozen
5.2.4 Nordic Windpower
5.3 Turbine Component Manufacturers
5.3.1 Bosch Rexroth
5.3.2 LM Glasfiber
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