Headlines / Green Products/Applications

Global Wind Turbine Market on the Rise

February 21, 2011
/ Print / Reprints /
/ Text Size+

Research and Markets has released a new report entitled “Global & China Wind Turbine Market by Offshore/Onshore Type, Geography, Installed Capacity, Price Trends & Forecasts." According to the report, the demand for energy from renewable source has been rising in the past decade. Global wind turbine cumulative installed capacity has reached 159 GW in 2009, up from 292.9 GW in 2003-a 310% increase. The future wind growth potential also looks very promising. Installed capacity is expected to increase by 173% and reach 434.5 GW by 2015. The industry growth is supported by market drivers like the increasing price of non-renewable energy such as crude oil and natural gas, growing energy consumption (particularly from emerging countries), a pro-wind regulatory environment for wind projects and wind farms, and an increase in utility-scale wind energy generation plants.

China is the largest and fastest growing market, recording 449% growth over the last six years and reaching 26 GW installed capacity in 2009 (from 567 MW in 2003). The market in China is expected to show a 282% increase, with the addition of 73.3 GW in installations, between 2009 and 2015.

Due to the Chinese market’s growth, Asia Pacific became the fastest growing region. In 2009, the Asia Pacific led the growth with the addition of 16 GW of wind turbines, followed by the U.S. (11.6 GW) and Europe (10.5 GW). Other parts of the world achieved 168 MW in new installations in 2009.

For additional details, visit www.researchandmarkets.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

In-Depth Features

These articles detail advantages and innovations for multiple end uses.


ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts


Adhesives & Sealants Industry Magazine

ASI April 2014 cover

2014 April

Our April issue focuses on pressure-sensitive adhesives, including a preview of PSTC's 2014 Tape Summit, as well as converting/packaging and composites!

Table Of Contents Subscribe


Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

asi1211p_Cover-DE.gifASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40  youtube_40pxlinkedin_40