Global wind power installations grew 42 percent
year-over-year, according to a new report conducted by BTM
Consult, a subsidiary of
Navigant Research.
The World Wind Energy Market Update 2015 reported
that China, Germany, and the U.S. led a record year for wind
installations, with the U.S. experiencing significant growth
in 2014. Second-tier countries include Brazil, Turkey,
France, and Canada.
“The wind power industry achieved a record year of
installations in 2014, setting the stage for steady growth
in the coming years,” said Jesse Broehl, senior research
analyst with Navigant Research. “The
industry’s development is being bolstered by key established
markets and increasingly supported by new and diversified
global markets.”
Booming U.S. and German markets caused a shake-up in the top
10 global wind turbine suppliers in 2014, the report said.
Vestas remained the top supplier, while Siemens (NYSE:
SI) moved two positions to second place.
Additionally, the report includes an analysis of changes in
the industry that have occurred in the last 3 years, and
global market forecasts through 2019.
To read the report,
click here.
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