China Produced Almost Half of New Global Wind Installations in 2015, says GlobalData

• China pushed the global wind market to new heights in 2015, representing almost half of new wind installations globally and producing a total annual capacity of 30.5 Gigawatts • However, after focusing on increasing its installed capacity, the country now aims to shift its focus from scale expansion towards quality and efficiency, says analyst

LONDON, UK (GlobalData), 17 May 2016 - China took the global wind market to new heights in 2015, as it represented almost half of the new global wind installations, with a total annual wind capacity of 30.5 Gigawatts (GW), according to research and consulting firm GlobalData.

The companys latest viewpoint* states that the next largest wind capacity installer in 2015 was the US, with 8.6 GW, followed by Germany, Brazil and India, with 6.1 GW, 2.6 GW, and 2.6 GW respectively. China is expected to maintain its leading position in 2016 with an annual installed capacity of 23 GW, aided by a supportive regulatory scenario, low average turbine prices, and transmission infrastructure development.

Ankit Mathur, GlobalDatas Practice Head for Power, states that: "After focusing on increasing its installed capacity, Chinas 13th Five Year Plan has raised the 2020 wind target to 250 GW, and aims to shift the focus from scale expansion towards quality and efficiency. Indeed, the Operations and Maintenance (O&M) market in China, and all over the world, is poised for a growth phase.

"Most original equipment manufacturers witnessed an increase in service revenue in 2015 over 2014, as turbine maintenance continued to provide steady revenue. Companies such as Gamesa, Vestas and Nordex performed strongly in 2015 in terms of O&M revenues."

The analyst adds that revenue opportunities are motivating technological innovations and service improvements to meet the dynamic needs of the wind industry O&M business.

Mathur continues: "This motivating factor seems to be producing results, as O&M revenue has been increasing quarter on quarter, and turbine manufacturers are aggressively targeting this market."
China is well on track to meet and even exceed its future wind targets, with GlobalData recently projecting that the country would have a cumulative installed capacity of 495 GW by 2030.

Featured Product

Vecoplan - Planning and implementation of complete processing plants in refuse derived fuel production

Vecoplan - Planning and implementation of complete processing plants in refuse derived fuel production

In order to reduce the costs involved in the energy-intensive production of cement, many manufacturers are turning to refuse-derived fuels (RDF), considerably reducing the proportion of expensive primary fuels they would normally use. Solid fuels are being increasingly used - these might be used tyres, waste wood or mixtures of plastics, paper, composite materials and textiles. Vecoplan provides operators of cement plants with proven and robust components for conveying the material and separating iron and impurities, efficient receiving stations, storage systems and, of course, efficient shredders for an output in various qualities.