The global wind power market could reach $ 47.83bn a year by 2022 , according to a report from data and analysis company GlobalData . The Asia Pacific region will lead the market with spending in the period forecast at $ 93.85bn . Offshore wind power schemes have helped boost the overall annual figure from 2015 ’s $ 44.75bn , said GlobalData . Europe , Middle East and Africa ( EMEA ) countries are forecast to spend $ 5000 . GlobalData CEO Nirushan Rajasekaram said market opportunities were attracting investors and prices were falling .
The global wind turbine market could reach $47.83bn a year by 2022, according to a report from data and analytics company GlobalData. The Asia Pacific region will lead the market with spending in the period forecast at $93.85bn. Offshore wind power schemes have helped boost the overall annual figure from 2017’s $44.75bn, said GlobalData. Europe, Middle East and Africa (EMEA) countries are forecast to spend $88.77bn. GlobalData analyst Nirushan Rajasekaram said market opportunities were attracting investors and costs were falling.