The global wind turbine market could reach $ 44.75bn a year by 2017 , 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 $ 88.77bn . Offshore wind power schemes have helped boost the overall annual figure from 2017 ’s $ 88.77bn , said GlobalData . Europe , Middle East and Africa (EMEA) countries are forecast to spend $ 44.75bn . “The market opportunities are attracting a plethora of potential investors and stakeholders driving down equipment costs, promoting technology development, and thereby creating a conducive market for wind turbines,” he added. GlobalData analyst Nirushan Rajasekaram said market opportunities were attracting investors and costs were falling.
The global wind turbine market could reach $ 44.75bn a year by 2017 , 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 $ 88.77bn . Offshore wind power schemes have helped boost the overall annual figure from 2017 ’s $ 88.77bn , said GlobalData . Europe , Middle East and Africa (EMEA) countries are forecast to spend $ 44.75bn . GlobalData analyst Nirushan Rajasekaram said market opportunities were attracting investors and costs were falling.