China leads global wind farm operation & maintenance market
Resource from: CBCC Likes:156
Dec 02,2014
Recent industry analysis indicates that the global wind farm operations and maintenance market reached $7.36 billion in 2013, and is expected to rise to $9.84 billion by 2016. Last year, China accounted for approximately 18% of the global market. Germany dominated with 44% share, while Spain followed with 28% and Britain with 14%. However, the majority of installations took place outside of the OECD. This is a trend that is expected to continue with markets in Latin America, Africa and Asia driving growth. In terms of installed capacity, China was ahead of the field, installing 16 GW. European installation growth was flat, resulting in a global market of just over 35 GW, and cumulative market growth of 12.5%.
As a relatively mature technology, onshore wind's capital costs are not expected to fall very quickly in the next decade. When looking at the cost-benefit analysis of wind power can comparing it with other measures designed to reduce carbon emissions, it quickly becomes apparent that although onshore wind has one of the lowest of all forms of low-carbon electricity generation, it is also competitive with fossil-based power, once the economic costs of carbon are fully factored in. On the other hand offshore wind remains a relatively expensive technology.
At the same time, onshore wind installations are quite visually disruptive. As a result, local visual and environmental impact of onshore wind technology should be factored into cost calculations. Local environmental constraints could add a premium, potentially making more expensive installations, such as solar photovoltaics or offshore wind, more attractive.
According to the Global Wind Energy Council, electricity generated by wind power accounted for 2.6% of China's national total in 2013, an increase of 0.5% from 2012. The average annual full load hours reached 2080 hours, which represents an increase of 151 hours from 2012.
Ten turbine manufacturers dominated the Chinese wind market in 2013 with 78% of the market share. Goldwind consolidated its leading position with a market share of 23.3%, representing almost a quarter of the national market, followed by United Power with 9.25% (1,487 MW), Ming Yang 7.9% (1,286 MW), Envision 7.01% (1,128 MW) and XEMC 6.54% (1,052 MW). In 2013, Xin Jiang ranked as the No.1 province in China in terms of wind development with a record capacity addition of 3,146 MW, which is comparable to Germany's annual installation rate. The province also has a solid project pipeline for the next 2 to 3 years.
(CBCC)
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