According to the latest GlobalData report, global wind power market investment is expected to reach 104.6 billion U.S. dollars by 2017, and by 2025 this figure will increase to 111.4 billion U.S. dollars.
According to GlobalData tracking data for the past ten years, in 2006, the global investment in wind power market was 24.3 billion U.S. dollars, increasing to 103.8 billion U.S. dollars by 2016, with a compound annual growth rate of 15.6%.
Market demand for electricity generation is the main reason for investment promotion. In particular, China, the United States, India, emerging countries in the Asia Pacific region, the Middle East and Africa, South America and Central America will become the major markets for wind power investment.
GlobalData believes that wind power is expected to be one of the major sources of energy markets. In 2006, wind power accounted for less than 1% of the global power structure. But by 2016, this proportion has increased to 4.2%. It is estimated that by 2025 it will increase to 7.1%.
At present, the feed-in tariff subsidy policy is also an important stimulus for the government to promote the development of the wind power market. However, with the technological innovation and equipment cost lines, the future, non-subsidized wind power is still competitive.
In 2006, the installed capacity of wind power in the world was 74.6 GW. By 2016, the cumulative global wind power installed capacity has exceeded 496.7 GW, with a compound annual growth rate of 20.9%.
It is estimated that by 2025, the cumulative installed capacity of wind power in the world will exceed 1024.1 GW, with a compound annual growth rate of about 8%.