PCCA Journal 2nd Quarter 2014 - page 43

PCCA Journal|2
nd
Quarter 2014
43
D
riven by government
incentives and falling
prices of electricity gener-
ated by wind turbines,
the global wind industry
expanded steadily and dramatically from
2004 through 2012. In 2013, however,
negative conditions in several key coun-
tries, particularly the United States and
Spain, were unconducive to the contin-
ued growth of the market. According to a
new report from Navigant Research/BTM
Consult, worldwide wind power instal-
lations reached 36.13 gigawatts (GW) in
2013, a 20 percent decline from 2012.
“The market decline in 2013 was not
unexpected,” said Feng Zhao, research
director with Navigant Research. “The
aftermath of the 2008 financial crisis still
continues to weigh heavily, particularly
on some of the European markets that
underpin the industry. The U.S. mar-
ket decline, triggered by lack of policy
consistency and the delay in renewing
the tax credits which have traditionally
stimulated investment, was also a major
contributing factor for the wind market
depression last year.”
Installation of new wind capacity in
the U.S. fell by 93 percent, a sizable
market decline that dragged down global
growth, according to the report. China
regained the title of the world’s largest
market in terms of capacity additions,
with 16.1 GW of new wind power in-
stalled in 2013. The report forecasts that
250.1 GW of wind power capacity will
be added worldwide in the next 5 years,
of which 10.4 percent will be offshore.
Navigant Research’s BTM Wind Report
covers developments in the wind energy
sector during 2013. This is the 19th edi-
tion of the annual World Market Update.
The 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. An Executive Summary
of the report is available for free down-
load at
research/world-market-update-2013.
Global Wind Power Market
Declined 20 Percent in 2013
s 0ERFECT FOR &44( !PPLICATIONS
s 2EDUCE 0EDESTALS AND "OXES
s $ROPS $IRECTLY TO THE (OUSE
s %ASY 4ECHNOLOGY 5PGRADES
s %MPTY 0ATHWAYS !VAILABLE FOR &UTURE 'ROWTH
,EARN ABOUT THE
ENTIRE &UTURE0ATH
&AMILY OF 0RODUCTS AT
&UTURE0ATH
7AY
WWW DURALINE COM
Future
Path
®
and
Micro
Technology
11400 Parkside Dr., Suite 300
Knoxville, TN 37934
800.847.7661
4HE "EST 7AY TO 'ET (OME
1...,33,34,35,36,37,38,39,40,41,42 44,45,46,47,48,49,50,51,52,53,...56
Powered by FlippingBook