Wind power growth market – Image: petrmalinak|Shutterstock.com
Growth of the global wind industry
The wind industry is the fastest-growing energy sector in the world. In 2020 alone, the capacity of newly installed wind turbines amounted to approximately 93 gigawatts. Just 20 years ago, only about 6.5 gigawatts were connected to the global grid in a single year, as the graphic based on GWEC data shows. This is due, on the one hand, to the technological development of increasingly efficient wind turbines, and on the other hand, to the growing number of countries embracing the global trend toward renewable energies. Newly installed capacity increased at an annual growth rate of around 22 percent between 2001 and 2010. In the following years, however, growth slowed somewhat. The largest share of newly installed wind turbines is accounted for by China – the People's Republic was responsible for around half of all newly constructed onshore and offshore wind farms in 2020. The most important European markets are Germany and the United Kingdom. These two nations are particularly active in the offshore sector. Together, they operate approximately 51 percent of all offshore wind turbines.
Growth of the global wind industry
The wind industry is the fastest growing energy sector in the world. In 2020 alone, the capacity of newly installed wind turbines was equivalent to about 93 gigawatts. Just 20 years ago, only about 6.5 gigawatts were connected to the global power grid within one year, as shown in the graphic based on GWEC data . On the one hand, this is due to the technical development of increasingly efficient wind turbines; on the other hand, more and more countries are also moving with the global trend towards renewable energies. For example, from 2001 to 2010, newly installed capacity increased at an annual growth rate of around 22 percent. In the following years, however, growth slowed down again somewhat. China accounts for the largest share of newly installed wind turbines – the People's Republic was responsible for around half of all newly built onshore and offshore wind turbines in 2020. The most important European markets are Germany and the United Kingdom. The two nations are particularly active in the offshore sector. Together, they operate around 51 percent of all offshore wind turbines.
Growth of the global wind industry – Image: Statista
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