Wind market to pick up 'sharply' in 2014 – MAKE

Turbines in Brazil. MAKE expects growth in Latin America

Turbines in Brazil. MAKE expects growth in Latin America

The global wind turbine market is likely to pick up sharply again in 2014 and hit a new record for installations, says analyst MAKE Consulting in its latest market-outlook update, which forecasts growth up to 2020.

MAKE says grid-connected wind capacity installed in 2012 was 48.4GW globally, up 19% year-on-year.  

In 2013, MAKE expects new installations to fall by 7%, with growth in Asia, Offshore, Latin America, Northern Europe and the Middle East/Africa offset by declines in Southern and Eastern Europe and North America, reflecting the impact of regulatory change in those markets.

Wind turbine manufacturers’ conditional and firm orders at the end of 2012 were down 13%, in line with expectations of a weaker 2013, MAKE says. However, it adds that pricing in all regions has stabilised after a period of sustained reductions.

In 2014, by contrast, Log in to read complete article.

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