Future market assessments are essentially scenarios that are shaped by the variety of assumptions and data used. This report presents two market scenarios; a conventional and an advanced scenario to the years 2007 and 2012. The conventional scenario could be classified as “favourable business-as-usual” where the current strong development of the wind power market to date continues as long as commitment to the sector by a number of governments continues to strengthen, and that such support is converted into actual deployment. But there is no potent policy intervention on the scale of that envisaged in the advanced scenario in Wind Force 12, which is a scenario for a greatly increased market due to higher political and policy support than is experienced today.
A market assessment with a five year horizon is generally regarded as being a more accurate forecast. Beyond that, the predictive ability is greatly reduced because the defining factors are difficult to foresee with accuracy.
• Under the conventional scenario, the average annual growth rate for cumulative capacity is 20.6% in the period 2003 - 07 to reach MW 80,050 MW installed worldwide, and 15% in the period 2008 - 12 to reach 160,900 MW.
• In the advanced scenario the average annual growth rate for cumulative capacity is 27% in the period 2003 - 07 to reach 106,000 MW installed worldwide, and 24% in the period 2008 - 12 to reach 311,000 MW.
Under the conventional scenario, European markets will continue to dominate. The leading markets will remain Germany and Spain, although important markets in France, the UK, The Netherlands, Italy and Sweden will emerge. The market forecast indicates a slight slowing down of the onshore European market, but an increase in activity in countries which have not played a major role to date. There will be a time lag before the offshore market takes off to replace it. There will be significant growth in the US. New markets are starting to develop in Australia, Japan, Canada and South America. There is relatively little installed capacity in these countries and, hence, the potential for future growth is large. Other countries that are considering serious investment include Canada, Brazil, Tunisia, China, Egypt, Morocco, the Philippines, Turkey and Vietnam.
The considerable difference between the two scenarios for 2012 highlights the fact that market development for the global wind sector is constrained by policy decisions. This constraint reduces the potential global market in 2012 by 50%.
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