Global Wind Turbine Market on the Rise
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.
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