Wind Power Will Deliver More Than 7 Percent of the World’s Electricity by 2018 | REVE News of the wind sector in Spain and in the world

Headwinds in several key markets, including the United States and Spain slowed growth in the global wind power market dramatically in 2013. Still, wind power now supplies nearly 3 percent of the world’s electricity, and is expected to grow strongly over the next several years. According to a recent report from Navigant Research, wind power will deliver 7.3 percent of the electricity consumed worldwide by 2018.

“Last year was the first in which the wind industry experienced negative growth since 2004, but there are signs that the 2013 slowdown will turn out to be an anomaly,” says Feng Zhao, research director with Navigant Research. “As wind turbine vendors search for new opportunities in emerging markets, primarily in Latin America and Africa, and develop machines for maximum energy production in low wind speed areas, the industry is expected to add another 250 gigawatts of capacity through 2018.”

Helping to drive that growth will be the offshore market, which saw 13 new projects installed in 2013, adding 1,720 megawatts—a 50 percent increase over 2012 . Nearly half of all new offshore capacity in 2013 was installed in the United Kingdom, according to the report, with all of that capacity supplied by Siemens, the world’s largest supplier of offshore turbines.

Navigant Research’s BTM Wind Report covers developments in the wind energy sector during 2013. This is the 19^th edition of the annual World Market Update. As in previous editions, this report analyzes important changes over the last 3 years and provides a 5-year market forecast, as well as an assessment of likely market progress for the next 5 years. The special theme of this year’s report is a review of the Global Onshore Wind Operations and Maintenance Market. An Executive Summary of the report is available for free download on the Navigant Research website.

Highlights of this report include:

Global installation in 2013 of 36.13 GW
Vestas recaptures the No.1 position after it lost its leading position to GE Wind in 2012.
China regains its title as the world’s largest annual market with 16,088 MW of new wind power installed in 2013
Offshore wind grows over 50% annually in 2013 and lines up for steady growth in Europe
Direct drive turbines take 28.1% of the global market even as traditional DFIG regains popularity
Goldwind’s GW1.5 MW was the most frequently installed wind turbine in 2013
Wind power will deliver at least 2.87% of the world’s electricity in 2014, growing to 7.28% in 2018
Wind power capacity installations in 2014 are expected to rebound with 29.6% growth

1. Preface
2. Executive Summary

3. Introduction

3.1 Methodology

3.2 Sources

3.3 Significant Events in the Wind Industry: 2013

3.3.1 Company News

3.3.2 Selected Political Events

4. Market Development 2013 – Demand Side

4.1 Global Installation Streak Falters in 2013

4.2 Market Status of Wind Power Market by Country by End of 2013

4.2.1 Americas

4.2.2 Europe

4.2.3 South and East Asia

4.2.4 OECD Pacific Region

4.2.5 Rest of the World

4.3 The Offshore Wind Market in 2013

4.4 Overview of Global Wind Turbine Fleet

4.5 The Top 10 Markets in the World

4.6 Commercial MW Technology in the Market

4.6.1 Larger Onshore Wind Turbines

4.6.2 Multi-Megawatt Offshore Wind Turbines

4.6.3 The Direct Drive Concept

5. Market Development 2013 – Supply Side

5.1 Accounting Methodology and Standardization

5.2 China Leads Top 15 and Takes Second Place in 2013 Ranking

5.3 Positives and Negatives in Reliance on Domestic Market

5.4 Trends in the Competitive Market

5.5 Offshore Market Boosts Growth in Sales of Multi-Megawatt-Scale Turbines

6. Wind Power Plant Owners

6.1 Institutional investors Join and Add to Diversification of Wind Asset Ownership

6.2 China and New Markets Hot Spots of Activity as Old Markets Struggle with Economic Recession

6.3 Chinese Utilities Continue to Move up the Top 15 Wind Asset Owners Rankings

6.4 Tough Market Conditions Forced Major Owners to Optimize Assets and Pipeline

6.5 Large Wind Power Investors with Growth Potential

6.6 New Entrants, Cash-Rich Investors Seize Opportunities in Tough Economic Times

7. Forecast and Estimates

7.1 5-Year Market Forecast for 9% Growth to 2018

7.2 Commentary by Country and Regions

7.2.1 American Continent

7.2.2 Europe

7.2.3 Other European Countries with Strong Forecasts through 2018

7.2.4 Asia Pacific

7.2.5 Africa

7.2.6 Central Asia and the Middle East

7.3 Economic Value of Global Wind Market to 2018 Forecast at €343 Billion

7.4 Emerging Markets on Steady Course for Growth

7.5 Offshore Wind Will Make up a Sizable Portion of Global Wind Market by 2018

7.5.1 Offshore Wind Market Outlook by Country: 2014-2018

7.5.2 Challenges Remain in the Offshore Wind Industry for 2014-2023

7.6 Expectations and Predictions for Development: 2019-2023

7.6.1 Trends Supporting the Wind Growth Prediction

7.7 Geopolitical Issues: Slow Progress on Climate Change Policies Limits Drivers for Wind

7.7.1 UN Climate Negotiations and the Kyoto Protocol

7.7.2 European Energy Policy and Regulation

8. Penetration of Wind Power Electricity and Wind Market Structures

8.1 Methodology and Assumptions

8.2 Strong Relative Growth of Wind Contribution to Global Electricity Supply

8.3 Radical Changes to Wind Market Structures Create Climate of Uncertainty

9. Special Theme: Global Onshore Wind Operations and Maintenance Market

9.1 Introduction

9.1.1 Historic Perspective

9.1.2 Current Market Status and Opportunities

9.1.3 Definitions and Terminology

9.1.4 Methodology

9.2 Size of Global Onshore O&M Market and Its Value

9.2.1 Charted Growth and Current Size of Onshore O&M Market: 1995-2013

9.2.2 Segmentation of Global Onshore O&M Market by Wind Turbine Size

9.2.3 Segmentation of Global Onshore O&M Market by Wind Turbine OEM in Selected Size Classes

9.2.4 Projected Growth of Onshore Wind O&M Market: 2013-2023

9.2.5 Value of the Global Market for Wind Turbine Service and Maintenance

9.2.6 Overview of Global O&M Market and Selected Service and Maintenance Providers

9.3 Strategies for Onshore Wind O&M Post Warranty Expiry

9.3.1 Diversity of Owners Requires Flexible Solutions

9.3.2 Reactive, Corrective, Preventive, Predictive

9.3.3 Condition Monitoring and Data Handling

9.3.4 Risk-Based Maintenance and Reliability-Centred Maintenance

9.3.5 Spare Parts and Logistics

9.3.6 Component Upgrades and Refurbishment

9.3.7 Health and Safety

9.4 Onshore Wind O&M Contract Models

9.4.1 Selection of O&M Provider

9.4.2 Warranty Contract

9.4.3 Full Service Contract

9.4.4 Hybrid Contract

9.4.5 Basic Contracts

9.5 Trends and Challenges in Onshore Wind Operations and Maintenance

9.5.1 The ISP Challenge

9.5.2 Bolt-Ons from Entrepreneurial Start-Ups

9.5.3 Advances in Control Systems

9.5.4 More Meaningful SCADA

9.5.5 Coupling of Technical Operation with Commercial Operation

9.5.6 Systemised Knowledge Sharing

9.6 Conclusion: A Market with good Visibility Served by an Industry in its Infancy

10. Appendix A: Profiles of Leading Wind Turbine Manufacturers
11. Appendix B: Profiles of Major Sub-Suppliers
12. Appendix C: Profiles of Major Wind Project Developers/Owners
13. Acronym and Technical Units
14. Table of Contents
15. Table of Charts and Figures
16. Index
17. Sources and Methodology

List of Figures

Top 10 Wind Turbine Suppliers Globally: 2013
Annual Wind Power Development: 2014-2018
Annual and Cumulative Global Wind Energy Development: 1983-2013
Total Installed Wind Power Capacity: End of 2007, 2010, and 2013
Typical Onshore Wind Turbine Development Timeline
Top 10 Suppliers: 2013
Change in Market Share: 2012-2013
Global Footprint of Top 10 Wind Turbine Manufacturers: 2013
Market Share of Major Utilities and IPPs
Cumulative Installed Capacity by Region at the End of 2013 and by 2018
Forecast of Annual Installation: 2014-2018
Expected World Market: 2013-2018
Annual Global Wind Power Development Forecast: 1990-2013 and 2018-2023
Prediction for Cumulative Installed Wind Capacity: 2018 and 2023
Cumulative Wind Power Development to 2023
EUA Emissions Credits (€): 3Q 2010-1Q 2014
Growth of Global Onshore Wind Market for O&M, in Warranty and Off Warranty: 1995-2013
Global Onshore Market for O&M by Wind Turbine Size Class: 1995-2013
Global Onshore Market for O&M by Wind Turbine Size Class: 1995-2013 (Number of Units)
Breakdown of OEMs in the 750 kW to 999 kW Turbine Size Group of the Global O&M Market
Breakdown of OEMs in the 1,301-1,500 kW Turbine Size Group of the Global O&M Market
Breakdown of OEMs in the 1.5 MW to 2.5 MW Turbine Size Group of the Global O&M Market
Growth of Global Onshore Wind Market for O&M, in Warranty and off Warranty: 2013-2023
Projected Value of the Out-of-Warranty Onshore Market for Wind Turbine O&M: 2013-2023
Broad Contract Models for O&M Applicable to Different Periods of a Wind Plant Lifespan
Typical Modules Offered by Service Providers for Flexible Packaging of O&M