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 . The APAC region will lead market growth, with an aggregate value of $93.85bn predicted for the period 2018-2022, following a compound annual growth rate of 2.4%. 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 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 .