This marks a global increase from 2017 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 are expected to spend about $58.7bn on offshore projects this year, while North America is set for an increase of just over $3.5bn.” GlobalData analyst Nirushan Rajasekaram said market opportunities were attracting investors and costs 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 are expected to spend about $58.7bn on offshore projects this year, while North America is set for an increase of just over $3.5bn.” GlobalData analyst Nirushan Rajasekaram said market opportunities were attracting investors and costs were falling.