Market concentration to continue to 2027

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Windpower monthly

WORLDWIDE: Wind deployment over the next decade is set to remain concentrated in 15 countries, highlighting the industry’s reliance on the established markets.

In its ten year forecast, FTI Intelligence believes 82.7% of new capacity (570.4GW) added between 2018 and 2027 will be added in just 15 markets: China, US, India, Germany, France, UK, Brazil, Mexico, Turkey, Japan, Netherlands, Argentina, Spain, Taiwan and Canada.

FTI predicts 689GW of new wind capacity will be added in these countries over the next decade, meaning less than 120GW will be installed in the rest of the world.

This echoes the trend from 2017, which saw 89% of new capacity added in just ten markets, according to figures from the Global Wind Energy Council (GWEC).