2012-09-26 18:09:36 - Global wind repowering market seeing Denmark account for 51.6% of total capacity
The global wind repowering market in was primarily dominated by Denmark, Germany, the US and India in 2011. Denmark was the largest wind repowered market with an estimated 213.1 MW, accounting for around 51.6% of the total global repowered capacity.Germany, the second largest wind repowered market in 2011 forms around 43.1% of the global repowered capacity.The wind power industry, which began in Denmark in 1979, is involved with the design, manufacture, construction, and maintenance of wind turbines.The value of the global wind repowering market has increased significantly during the last five years. In 2006, an estimated capacity of 201.6 megawatts (MW) was repowered. Since this time, repowered capacity had increased to 417.4 MW in 2011.Still, this explored capacity represents only
around 22% of the total global repowering potential in 2011, it is estimated that repowering potential is estimated to exceed 44,000 MW by 2020.While global installed wind energy capacity increased dramatically during 2006-2009, the global recession sparked a 13.8% fall in annual additions during 2010, when major wind markets, including the US, Germany and Spain, faced economic struggles as a result of the global recession.These markets are soon expected to recover thanks to a huge order intake by major wind manufacturers across emerging regions. Wind power manufacturers worldwide received a high order intake in 2010, with expected delivery deadlines in 2011 and 2012, contributing to the large total of annual installations expected this year.The recovery experienced by the wind repowering market in 2011 is due to the huge order intake by major wind manufacturers, the growing Asia-Pacific (APAC) region, emerging South American and African regions, steady European wind markets and the recovery in North America.For more information on the global wind repowering market, see the latest research: Global Wind Repowering MarketFollow us on Twitter @CandMResearch
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