The Q4/2016 Global Wind Power Market Outlook Update offers a detailed market forecast for more than 50 key and emerging markets for wind power from 2016 to 2025. The forecast data includes a split of expected onshore and offshore development, and analysis of the latest wind turbine order intake and pricing trends.
Key points this quarter:
- The global 10-year outlook sees a 4% downgrade primarily due to a reduced demand outlook in China.
- A 5% downgrade in the US and a 12% downgrade in Sweden between 2022 and 2025 also negatively impact the global longer term outlook.
- Despite adverse policy developments, the underlying fundamentals of wind power are as strong as ever.
Filed Under: News
Robert Echavaria says
This downgrade of global growth seems disproportionate to the political situation. It is far more likely that global demand will not be exclusively driven by China in that time-frame, as India plus other LatAm and African markets will be able to fill in the gaps left by uncertainty in the US and Chinese markets. I strongly question the validity of this assessment as well as the assumptions used to derive it.