The Latest Wind Turbine Industry Statistics Explained
The wind turbine industry is expected to reach $28.9 billion by 2022.
The statistic “The wind turbine industry is expected to reach $28.9 billion by 2022” indicates the projected value of the global wind turbine industry by the year 2022. This figure reflects the anticipated total revenue generated by wind turbine manufacturing, installation, and related services, highlighting the significant growth and opportunities within the industry. Factors such as increasing investment in renewable energy, government incentives to reduce carbon emissions, and advancements in wind turbine technology are likely contributing to this expected growth in market size. This statistic serves as a valuable indicator of the industry’s economic importance and its potential to drive sustainable energy production and environmental stewardship in the coming years.
By 2021, wind turbine equipment is projected to account for nearly 59.3% of the total market.
The statistic indicates that by the year 2021, wind turbine equipment is expected to represent approximately 59.3% of the total market for energy equipment. This suggests a significant growth and dominance of wind energy technology within the energy sector. The projection highlights a shift towards renewable energy sources, driven by factors such as increasing awareness of climate change, government incentives, and advancements in wind turbine technology. This data serves as a strong indicator of the increasing importance and adoption of wind energy solutions in the global energy market, reflecting a growing emphasis on sustainability and clean energy alternatives.
China has the world’s largest installed wind power capacity at 237 GW in 2020.
The statistic stating that China has the world’s largest installed wind power capacity at 237 GW in 2020 indicates that China has significantly invested in and developed their wind power infrastructure to generate electricity from wind energy sources. This large capacity reflects China’s commitment to renewable energy and reducing carbon emissions in line with their goals for sustainable development and combating climate change. By leading in wind power capacity, China is not only increasing its energy security but also contributing towards global efforts to transition to cleaner and more sustainable energy sources.
Global wind turbine orders witnessed a 19% rise in Q4 2019.
The statistic indicates that the number of orders for wind turbines on a global scale increased by 19% in the fourth quarter of 2019 compared to the previous quarter. This rise in orders suggests a growing demand for wind turbine installations, which could be driven by various factors such as increasing awareness and adoption of renewable energy sources, government incentives for renewable energy projects, and technological advancements in the wind energy sector. The increase in orders is a positive sign for the wind energy industry, as it points towards continued growth and investment in clean energy solutions.
The U.S. accounted for 22% of all new wind turbine capacity additions in 2020.
In 2020, the United States contributed to 22% of the total new wind turbine capacity additions worldwide. This statistic indicates the significant growth and investment in wind energy within the U.S. compared to other countries, highlighting the country’s commitment to renewable energy sources. By accounting for a notable portion of global wind turbine capacity additions, the U.S. plays a crucial role in expanding clean energy infrastructure and reducing carbon emissions on a global scale.
European Union installed a record 15 GW of new wind turbine capacity in 2021, a 5.4% increase compared to 2020.
The statistic highlights the significant growth in wind energy generation within the European Union in 2021, with a record 15 GW of new wind turbine capacity installed. This represents a notable 5.4% increase compared to the previous year, which indicates a continued momentum in the adoption and expansion of renewable energy sources within the region. The increase in wind turbine capacity is indicative of the EU’s commitment to transitioning towards cleaner and more sustainable energy sources, contributing to efforts to reduce carbon emissions and combat climate change.
Wind turbine installations could deliver over one third of total global power capacity by 2050.
The statistic suggests that wind turbine installations have the potential to contribute significantly to global power capacity by 2050, accounting for more than one third of the total capacity. This projection implies a substantial growth in the adoption of wind energy technology as a key component of the global energy mix. The increasing focus on renewable energy sources like wind power is driven by concerns over climate change, energy security, and the need to transition towards more sustainable and environmentally friendly power generation methods. Achieving this level of wind power capacity would require significant investments in infrastructure and technological advancements in the wind energy sector over the coming decades.
93% of wind turbine market is being led by 10 manufacturers as of 2020.
The statistic that 93% of the wind turbine market is being led by 10 manufacturers as of 2020 indicates a concentrated market where a small number of companies dominate the industry. This means that the majority of wind turbine sales, installations, and revenues are controlled by these 10 manufacturers, showcasing their significant influence and market power in the renewable energy sector. The high market share of these companies suggests that they have developed strong competitive advantages, such as technology innovation, economies of scale, brand recognition, and strategic partnerships, allowing them to outperform other competitors and establish themselves as key players in the industry. This concentration can lead to potential implications for market dynamics, competition, and innovation within the wind turbine market.
Denmark has the highest coverage of wind energy in its power supply at 47% in 2019.
The statistic that Denmark has the highest coverage of wind energy in its power supply at 47% in 2019 highlights the significant contribution of wind energy to Denmark’s electricity generation mix. With nearly half of its power supply coming from wind energy, Denmark is a global leader in renewable energy adoption and sustainable energy practices. This statistic signifies Denmark’s strong commitment to reducing reliance on conventional fossil fuels and transitioning towards cleaner and more environmentally friendly sources of energy. By prioritizing wind energy, Denmark is not only demonstrating its dedication to combatting climate change but also setting an example for other countries to follow in embracing renewable energy technologies for a more sustainable future.
Global wind power employment reached 1.2 million jobs in 2018.
The statistic states that the global wind power industry employed approximately 1.2 million people in 2018. This figure reflects the significant role that the wind power sector plays in creating employment opportunities worldwide, as the industry continues to expand and develop. The growth of wind power employment suggests a shift towards renewable energy sources and highlights the potential for job creation in the clean energy sector. The statistic underscores the positive impact of wind power on both the environment and the global economy, as it contributes to reducing greenhouse gas emissions while providing job opportunities for a large number of individuals.
India ranks 4th in terms of global wind power installed capacity with over 38GW at the end of 2020.
The statistic that India ranks 4th in terms of global wind power installed capacity with over 38GW at the end of 2020 highlights the significant role that India plays in the global renewable energy landscape. With a strong focus on clean energy initiatives, India has made considerable progress in harnessing wind power to meet its growing energy demand and reduce reliance on fossil fuels. The installation of over 38GW of wind power capacity underscores India’s commitment to combatting climate change and transitioning towards a more sustainable energy future. This statistic positions India as a key player in the global shift towards renewable energy sources, contributing to reducing greenhouse gas emissions and promoting energy security.
At the end of 2020, total global wind power installation capacity stood at 731.3 GW, an increase of 53% in the last five years.
The statistic states that as of the end of 2020, the total global wind power installation capacity reached 731.3 GW, which represents a significant increase of 53% over the past five years. This indicates a substantial growth rate in wind power capacity installations worldwide over the specified five-year period, reflecting a clear trend towards the adoption and expansion of wind energy as a renewable energy source. The increasing capacity of wind power installations suggests a shift towards more sustainable and environmentally friendly energy generation practices, highlighting the global commitment to reducing carbon emissions and combating climate change through the utilization of clean energy sources like wind power.
Average turbine size increased to nearly 2.8 MW in 2019, up 15% compared to average turbine size in 2018.
The statistic implies that the average size of turbines used for generating electricity increased in 2019 to around 2.8 megawatts (MW), marking a 15% growth from the previous year’s average turbine size. This suggests a trend towards larger and more powerful turbines within the industry, potentially driven by advances in technology and economies of scale. The increase in average turbine size could lead to improvements in energy production efficiency, cost-effectiveness, and overall performance of wind power generation systems. It also indicates a shift towards larger-scale wind projects and installations, highlighting the ongoing evolution and maturation of the wind energy sector.
Global wind turbine order intake increased by 8% in 2020, reaching nearly 100 GW.
The statistic that the global wind turbine order intake increased by 8% in 2020, reaching nearly 100 GW, indicates a significant growth in demand for wind energy technologies. This increase suggests that more businesses and countries are investing in renewable energy sources such as wind power to meet their electricity needs. The 8% rise in order intake demonstrates a continued trend towards sustainable energy solutions, with nearly 100 GW of new wind turbine capacity being ordered worldwide in 2020. This growth in orders highlights the increasing importance and adoption of wind energy as a key component of the global transition to clean and sustainable energy sources.
The number of wind turbines on the earth’s surface could reach 6 million by 2050.
The statistic mentioned indicates a projection regarding the potential increase in the number of wind turbines on the Earth’s surface by the year 2050. With an estimated current count as a reference point, the forecast suggests a significant growth trend in the installation of wind turbines globally over the next few decades. This data point would be of interest to various stakeholders involved in energy production and sustainability planning, as it highlights the potential scale of renewable energy infrastructure development in the coming years. Such insights are crucial for policymakers, industry players, and researchers to anticipate and address the challenges and opportunities associated with the increasing adoption of wind energy technologies to meet future energy demands and environmental goals.
As of 2020, the world’s most powerful wind turbine is GE’s Haliade-X, with a rated capacity of 14 MW.
The statistic ‘As of 2020, the world’s most powerful wind turbine is GE’s Haliade-X, with a rated capacity of 14 MW’ indicates that GE’s Haliade-X wind turbine holds the title of being the most powerful in the world in terms of rated capacity as of the year 2020. This means that the Haliade-X turbine is capable of generating up to 14 megawatts of electricity under optimal conditions, making it a significant advancement in wind turbine technology. The high capacity of this turbine suggests that it has the potential to effectively harness wind energy and generate a substantial amount of power, contributing towards renewable energy goals and sustainability efforts globally.
Global wind investments reached 301 billion dollars in 2020, a 62% increase compared to 2019.
The statistic indicates that global investments in the wind energy sector amounted to 301 billion dollars in 2020, marking a substantial 62% increase from the previous year. This surge in investments highlights the growing interest and confidence in wind energy as a sustainable and viable source of renewable energy. Various factors such as technological advancements, cost reductions, and increasing awareness of climate change likely contributed to this significant boost in investment. The data underscores the evolving landscape of the energy industry towards cleaner and more sustainable sources, with wind energy playing a crucial role in the global transition towards a greener future.
The largest wind power plant in the world is located in China and has an installed capacity of 7,965 MW.
The statistic that the largest wind power plant in the world is located in China and has an installed capacity of 7,965 MW signifies China’s significant investment and commitment to renewable energy sources. With a capacity of almost 8 gigawatts, this wind power plant is capable of generating a substantial amount of clean and sustainable electricity, contributing to reducing carbon emissions and combating climate change. This statistic also highlights China’s position as a global leader in renewable energy technologies and its efforts to transition towards a more environmentally friendly energy infrastructure.
Wind turbines can reduce greenhouse gas emissions by 85% over their full lifecycle.
This statistic indicates that wind turbines have the capability to significantly reduce greenhouse gas emissions throughout their entire lifespan, from production to operation and eventual decommissioning. By harnessing wind energy to generate electricity, wind turbines can effectively displace the need for fossil fuels such as coal, oil, and natural gas, which are major contributors to greenhouse gas emissions. The 85% reduction in greenhouse gas emissions showcases the environmental benefits of utilizing wind power as a renewable energy source, emphasizing its potential to mitigate climate change and promote sustainable energy practices.
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