Navigant Research, a market research and consulting team that provides in-depth analysis of global clean technology markets, has published its 20th edition of the annual World Wind Energy Market Update report. According to their report, worldwide wind power installations grew by 42% last year.
The report covers developments in the field of wind energy throughout 2014 and also highlights other countries such as China, Germany, and the U.S.’ importance in the global wind industry’s comeback. This comeback is largely due in part to an increase in policy-driven wind power installations throughout the past year.
In addition, countries such as Brazil, Turkey, France, and Canada “also helped sustain a strong foundation for the industry” as wind power continues to advance both technologically, financially, and in terms of its general reliability around the world.
The top 10 wind turbine suppliers have been updated as well, with these 10 at the top of the list:
· GE Energy
· Suzlon Group
· United Power
· Ming Yang
The demand for wind power has increased as well; with 51.2 GW of new wind capacity installed in 2014- a new total yearly capacity record. Asia now leads as the continent with the most cumulative wind power capacity, hosting 37.3% of the entire world’s wind power capacity, followed by Europe, which accounted for 23.7% of 2014 installations.
Brazil tripled new installations, adding 2.8 GW in 2014, while the leaders saw China install 23.3 GW, Germany with 5.1 GW and the United States with 4.9 GW.