Global Wind Powered Generator Market 2024

Wind Powered Generator Market Size

After three years of growth, the global wind powered generator market decreased by -66.1% to $X in 2021. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the global market attained the maximum level at $X in 2020, and then shrank significantly in the following year.

Wind Powered Generator Production

In value terms, wind powered generator production soared to $X in 2021 estimated in export price. Over the period under review, production, however, saw a tangible expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 455%. As a result, production attained the peak level of $X. From 2015 to 2021, global production growth remained at a lower figure.

Wind Powered Generator Exports

Exports

In 2021, shipments abroad of wind powered generating sets decreased by -1.4% to X units, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 110%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the global exports remained at a lower figure.

In value terms, wind powered generator exports contracted to $X in 2021. In general, exports recorded a mild downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 37%. Over the period under review, the global exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X units), Spain (X units) and Indonesia (X units) was the largest exporter of wind powered generating sets in the world, comprising 68% of total export. It was distantly followed by Mexico (X units), achieving a 5.1% share of total exports. The Czech Republic (X units), Belgium (X units), Greece (X units), India (X units), Brazil (X units) and Poland (X units) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of +118.9%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest wind powered generator supplier worldwide, comprising 20% of global exports. The second position in the ranking was taken by Spain ($X), with an 8.3% share of global exports. It was followed by India, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +13.3%. In the other countries, the average annual rates were as follows: Spain (-7.4% per year) and India (+23.5% per year).

Export Prices by Country

In 2021, the average wind powered generator export price amounted to $X per unit, reducing by -13.4% against the previous year. Overall, the export price, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 an increase of 1,326% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+20.8%), while the other global leaders experienced more modest paces of growth.

Wind Powered Generator Imports

Imports

In 2021, global imports of wind powered generating sets dropped markedly to X units, shrinking by -56.8% compared with 2020. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 198% against the previous year. Global imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, wind powered generator imports shrank to $X in 2021. Overall, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.2% against 2017 indices. The growth pace was the most rapid in 2018 when imports increased by 23%. Global imports peaked at $X in 2020, and then shrank modestly in the following year.

Imports by Country

In 2021, Mexico (X units), distantly followed by Croatia (X units), Taiwan (Chinese) (X units), Indonesia (X units), Honduras (X units), Peru (X units), Morocco (X units) and Greece (X units) represented the main importers of wind powered generating sets, together committing 75% of total imports. Canada (X units), France (X units), Norway (X units), Spain (X units) and Pakistan (X units) took a minor share of total imports.

Imports into Mexico increased at an average annual rate of +11.2% from 2012 to 2021. At the same time, Peru (+161.9%), Pakistan (+121.1%), Honduras (+84.3%), Indonesia (+38.3%), Taiwan (Chinese) (+35.3%), Spain (+18.7%), Canada (+18.3%), France (+16.1%), Norway (+13.3%) and Greece (+11.3%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in the world, with a CAGR of +161.9% from 2012-2021. By contrast, Morocco (-8.3%) and Croatia (-18.2%) illustrated a downward trend over the same period. Mexico (+19 p.p.), Taiwan (Chinese) (+7.8 p.p.), Honduras (+7.6 p.p.), Indonesia (+7.6 p.p.), Peru (+6.1 p.p.), Greece (+3.8 p.p.), Canada (+3.2 p.p.), France (+2.3 p.p.), Norway (+2.1 p.p.), Pakistan (+2 p.p.) and Spain (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while Croatia saw its share reduced by -23.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wind powered generator importing markets worldwide were Taiwan (Chinese) ($X), Pakistan ($X) and Mexico ($X), together accounting for 20% of global imports. These countries were followed by Norway, Canada, Morocco, Greece, France, Spain, Croatia, Honduras, Peru and Indonesia, which together accounted for a further 12%.

In terms of the main importing countries, Honduras, with a CAGR of +92.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average wind powered generator import price stood at $X per unit in 2021, increasing by 130% against the previous year. In general, the import price recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 351%. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Pakistan ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+29.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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