Navigant Consulting (ticker: NCI, exchange: New York Stock Exchange (.N))
News Release -
BTM Consult Releases New Wind Report:World Market Update 2010Report Highlights Regional Trends, Production Data, Demand Drivers &
Predictions to 2020
WASHINGTON, Mar 28, 2011 (BUSINESS WIRE) --
BTM Consult, a premier forecaster and data source for the international
wind industry and part of Navigant's global Energy practice, announced
today that it has released International Wind Energy Development -
World Update 2010.
Wind market development is one of the world's fastest growing
energy-related industries. The 140+ page report is the 16th
annual edition and includes more than 80 tables and graphs illustrating
wind market development, as well as a five-year forecast with
longer-term predictions for the market through 2020.
The report delivers several views on the fast-growing wind market,
Record installation of 39.4 GW
Strong presence of four Chinese wind turbine suppliers in the "Top 10"
China now the leading market globally, with 18.9 GW of new capacity
Offshore wind power is on track for increased contribution to Europe
Market value is expected to grow from EUR 66.8 billion in 2011 to EUR 111.7
billion in 2015*
Direct-drive turbines now account for 17.6% of the world's supply of
wind power capacity
Wind power is expected to deliver 1.92% of the world's electricity in
Current indications are that wind power is expected to be able to meet
9.1% of the world's electricity demands by 2020*
International Wind Energy Development - World Update 2010
includes individual country wind market assessments, incentives around
the world, and detailed analysis of both the demand- and supply-sides of
the wind market in 2010. This year's report includes a full chapter
dedicated to the evaluation of the shift towards direct-drive wind
With 39,404 MW added in 2010, total global installed wind generation
capacity grew to approximately 200,000 MW. This represents a cumulative
market increase of 25% from 2009. The most significant trend in
international wind development in 2010 was China's booming wind industry
with 18,928 MW of new capacity--the highest volume ever by one country in
a single year. A recent decline in the U.S. market provided only 5,115
MW of new capacity in 2010 - about half of its 2009 installed capacity -
while Europe lost its previous position as the largest wind power
continent, providing only 27.9% of all new installations in 2010 - down
from 51% four years ago.
The 2010 offshore wind market saw nine new projects with 1,444MW of wind
capacity installed. The majority of the new offshore capacity was
installed in the UK, with Denmark and Belgium also contributing with
large scale projects.
Among suppliers of wind turbines, China once again dominated the market,
with four Chinese manufacturers - Sinovel, Goldwind, Dongfang and United
Power - included in the top 10, while Danish manufacturer Vestas held on
to the top-supplier spot in 2010.
Looking forward, the report projects an average global growth rate of
15.5% per year for new annual installations through 2015, resulting in
expected total global capacity of 513.6 GW by 2015*. In the following
less predictable five-year period 2016 - 2020, the expectation is for an
average annual growth rate of approximately 11.5%, closing in on the
1,000 GW milestone by the end of 2020.* By then, based on the
International Energy Agency's prediction of overall demand, wind power
is expected to supply 9.1% of the world's electricity.* A major driving
force for the wind power market throughout this period is expected to be
continued strong growth across Asia, especially in China.*
International Wind Energy Development - World Update 2010 can be
purchased by clicking
here or visiting www.navigant.com/windreport.
For additional information about the report, please contact Per
Krogsgaard at firstname.lastname@example.org
or + 45 97 32 52 99.
About BTM Consult
Founded in 1986, Denmark-based BTM Consult is a premier forecaster and
data source for the international wind energy sector. Since 1996 BTM
Consult has annually published the highly regarded International Wind
Energy Development World Market Update, in addition to several other
recurring globally-focused wind market reports, including its first
release of the Offshore Wind Report in 2010. On December 20,
2010, BTM Consult became part of Navigant's global Energy practice.
Additional information about BTM Consult can be found at www.navigant.com/btm.
Navigant (NYSE: NCI), is a specialized global expert services firm
dedicated to assisting clients in creating and protecting value in the
face of critical business risks and opportunities. Through senior level
engagement with clients, Navigant professionals combine technical
expertise in Disputes and Investigations, Economics, Financial Advisory
and Management Consulting, with business pragmatism in the highly
regulated Construction, Energy, Financial Services and Healthcare
industries to support clients in addressing their most critical business
needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the
report, "International Wind Energy Development - World Update 2010," is
a summary and reflects BTM Consult's current expectations based on
market data and trend analysis. BTM Consult's market predictions and
expectations are inherently uncertain and actual results may differ
materially from those contained in this press release or the report.Please
refer to the full BTM Consult report for a complete understanding of the
assumptions underlying the report's conclusions and the methodologies
used by BTM Consult to create the report.Neither BTM Consult nor
Navigant undertakes any obligation to update any of the information
contained in this press release or the report.
+1 202 481 7336
BTM Consult - A Part of Navigant Consulting
+ 45 97 32 52 99