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Wind Turbine Market Revenue and Value Chain 2014-2020

Future Market Insights has announced the addition of the “Wind Turbine Market: Latin America Industry Analysis and Opportunity Assessment 2014 - 2020” report to their offering.

Future Market Insights has announced the addition of the “Wind Turbine Market: Latin America Industry Analysis and Opportunity Assessment 2014 - 2020” report to their offering.

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Latin America<br />

<strong>Wind</strong> <strong>Turbine</strong><br />

<strong>Market</strong><br />

Share, Global Trends,<br />

Analysis, Research, Report,<br />

Opportunities,<br />

Segmentation <strong>and</strong> Forecast,<br />

<strong>2014</strong>-<strong>2020</strong><br />

Future <strong>Market</strong> Insights<br />

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Report Description<br />

<strong>Wind</strong> energy is the power extracted from wind using wind turbines. A wind turbine is a device<br />

that transforms the kinetic energy of the wind into electrical energy. <strong>Wind</strong> energy is a renewable<br />

form of energy that is available in ample quantity <strong>and</strong> extensively. It is an alternative to fossil<br />

fuels which are depleting in quantity. <strong>Wind</strong> energy is the cleanest resource; it has neither toxic<br />

gas emissions nor greenhouse gas emissions. <strong>Wind</strong> turbines are connected to the network of<br />

electricity transmission. The onshore <strong>and</strong> offshore wind that is trapped is an inexpensive,<br />

competitive <strong>and</strong> significant source of energy. <strong>Wind</strong> energy contributed to 4% of the total global<br />

electricity usage in 2013.<br />

The application of wind turbines is primarily in wind mills that are used to generate electricity.<br />

These wind turbines in wind mills can be used to avail off-grid electricity in the remote regions.<br />

It has been known to empower rural electrification initiatives. Three fourths of the small wind<br />

turbines are present in the remote regions of the world <strong>and</strong> are the only sources of energy. For<br />

instance, wind power systems are fuelling the telecommunication towers in the secluded places<br />

between Argentina <strong>and</strong> Chile. Another application of wind turbines is associated with the<br />

hybrids of wind <strong>and</strong> solar power generation devices. <strong>Wind</strong> <strong>and</strong> solar sources complement each<br />

other in changing climatic conditions. <strong>Wind</strong> turbines have vital applications in off-grid, lowpower<br />

systems in which the storage of batteries is avoided. <strong>Wind</strong> turbines also have application<br />

in cathodic protection pipes in which its electric charge neutralizes the galvanic corrosion of<br />

pipes laid in reactive soils. <strong>Wind</strong> turbines are used to charge electric fences, yacht <strong>and</strong> boat<br />

batteries efficiently.<br />

Request for sample report: http://www.futuremarketinsights.com/reports/sample/rep-la-141


Report Description<br />

<strong>Wind</strong> turbines have been used to pump water for decades, <strong>and</strong> they remain a significant<br />

application in both developed <strong>and</strong> developing economies. The end use industries of wind<br />

turbines can be broadly classified into industrial, commercial <strong>and</strong> residential. The<br />

industrial use can be further divided into power generation, agriculture, industrial<br />

automation, engineering <strong>and</strong> telecommunication. Despite being commercially niche<br />

market at present, wind turbines are expected to exp<strong>and</strong> due to increasing government<br />

subsidies <strong>and</strong> incentive programmes on the use of wind energy.<br />

The global wind industry produced about 37,000 MW in 2013. Latin America, in<br />

particular, has provided the industry with an essential substitute growth market for wind<br />

power. In 2013, Latin America alone representedapproximately 45% of the installed<br />

capacity of North <strong>and</strong> South America combined. It was largely driven by the wind markets<br />

of Brazil <strong>and</strong> Mexico which can be regarded as the dual pillars of the Latin American<br />

market. The average price of wind energy contracts in Brazil is US$ 50/MWh <strong>and</strong> gives<br />

wind energy an edge over conventional fossil fuels there. This is a major driver for the<br />

wind turbine market in Brazil. The wind power in Mexico provides power to over 65,000<br />

households <strong>and</strong> exports it to US. Food <strong>and</strong> beverage company, Nestle, had invested US$<br />

60.7 million in wind energy in Mexico, <strong>and</strong> employed wind energy for its 85% electricity<br />

requirement. The cumulative wind capacity in Mexico reached 1988 MW by the end of<br />

2013 indicating a 31.4% growth rate. The installed capacity in 2013 was 76 MW in<br />

Argentina, 200 MW in Chile, 30 MW in Peru, 11 MW in Uruguay, <strong>and</strong>149 MW in<br />

Venezuela.<br />

Request for TOC: http://www.futuremarketinsights.com/toc/rep-la-141


Report Description<br />

Strong wind resources, <strong>and</strong> rising electricity prices <strong>and</strong> energy dem<strong>and</strong> are driving the dem<strong>and</strong><br />

for renewable energy higher. The Latin American industrial policies are effective as they have<br />

tailored depreciation tax policies which enable industries to actively partner with wind energy<br />

generators for their energy usage. Also, wind plants do not need to be in the vicinity of the end<br />

user <strong>and</strong> just need a connection to the Latin American power grids. Feed-in electricity tariffs<br />

have been introduced to motivate the use of renewable energy such as wind energy, solar<br />

energy, hydropower, thermal energy <strong>and</strong> biomass energy. This encourages investment in<br />

renewable energy as the government makes provisions for higher retail rates for electricity for<br />

the producers of new energy technologies.<br />

Consistently declining monopoly in the Latin American electricity sector had paved way for wind<br />

turbine manufacturers. The current wind turbine market is competitive. Gamesa is the leading<br />

turbine supplier in Mexico <strong>and</strong> holds 73.5% of the market. It is followed by Vestas with 22% of<br />

the market contribution. GE is also a major turbine manufacturer with 4.5% market share in<br />

Mexico. Besides, the collapse of the Spain-based OEMs (Other Equipment Manufacturers) wind<br />

market has compelled companies to exp<strong>and</strong> their business in Latin America.<br />

Browse full report: http://www.futuremarketinsights.com/reports/latin-america-wind-turbinemarket<br />

By 2015, Latin America is expected to have 3 GW of installed wind capacity annually, surging up<br />

to 4.3 GW by 2022. The manufacturers have to meet certain m<strong>and</strong>ates on wind turbine<br />

components <strong>and</strong> their materials. It is a challenge for most OEMs to deliver high quality wind<br />

turbines while still ensuring an economical Latin American wind market.


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