WindarPhotonics AnnualReport 2018 All - Flipbook - Page 10
THE MARKET
Currently, installed wind capacity sits at nearly 600GW. Installed capacity is forecast to grow by over
55GW each year until 2023, bringing the total amount of installed capacity to c. 900GW. Assuming
an average turbine size of 2.5MW, this corresponds to c. 25,000 turbines per year.
In 2018, 51.3GW of wind capacity was installed globally. New onshore wind installations reached
46.8GW and new offshore wind installations totalled 4.5GW.
China and North America continue to dominate the global wind market. For the year 2018, 21.2GW
were installed in China alone, bringing the total capacity installed at the end of the year to 206GW.
North America installed 7.6GW of new onshore projects, bringing the total to 96GW.
Germany, India and Brazil also sit in the top five wind markets for 2018.
MARKET
FORECAST
2018-2023
New installations outlook
GW onshore
CA GR 2.7%
SOURCE: GWEC | GLOBAL WIND REPORT 2018
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Windar Photonics - Annual Report and Accounts 2018