Growth Opportunities in Indian Wind Energy Market 2010-2015: Trend, Forecast and Opportunity Analysis, November 2010
Background:
The wind energy market in India has experienced significant growth over the last five years and is expected to continue its growth momentum, reaching approximately 23,556 MW with a CAGR of 13% through 2015. The annual production capacity is expected to reach 2,595 MW per year by 2015 due to new entrants in the wind market.
Lucintel’s research indicates that India’s market for wind energy is expected to grow significantly for several reasons. Among these are the union government’s support and generation-based incentives; per-unit incentive for renewable energy; various regulatory support mechanisms, such as accelerated depreciation, feed-in-tariffs, RPS, tax holidays, grants for resource estimation study, and relaxing/exempting customs/excise duties.
Composites consumption in the wind sector is estimated to reach 68.9 million pounds by 2015. The Indian wind energy sector also offers a good market for MRO services with an estimated onshore wind power potential of approximately 48 GW.
Lucintel’s research report provides detailed market structure, value chain analysis, and comparative analyses of wind energy players, trend scenarios, and forecast statistics for 2011–2016. The report also details the wind market’s drivers and challenges, policies affecting the market, composite materials consumption in the wind energy market, and more.
This unique report from Lucintel will provide you with valuable information, insights and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find to keep ahead in your business
Features of the report:
To make business, investment, or strategic decisions, you need timely and adequate information. This market report fulfills this core need and is an indispensable reference guide for multi-national Wind Turbine manufacturers, Turbine component manufacturers, investors, executives, distributors and many more, who are dealing with the Wind Energy market.
Some of the features of this market report are:
The wind energy market in India has experienced significant growth over the last five years and is expected to continue its growth momentum, reaching approximately 23,556 MW with a CAGR of 13% through 2015. The annual production capacity is expected to reach 2,595 MW per year by 2015 due to new entrants in the wind market.
Lucintel’s research indicates that India’s market for wind energy is expected to grow significantly for several reasons. Among these are the union government’s support and generation-based incentives; per-unit incentive for renewable energy; various regulatory support mechanisms, such as accelerated depreciation, feed-in-tariffs, RPS, tax holidays, grants for resource estimation study, and relaxing/exempting customs/excise duties.
Composites consumption in the wind sector is estimated to reach 68.9 million pounds by 2015. The Indian wind energy sector also offers a good market for MRO services with an estimated onshore wind power potential of approximately 48 GW.
Lucintel’s research report provides detailed market structure, value chain analysis, and comparative analyses of wind energy players, trend scenarios, and forecast statistics for 2011–2016. The report also details the wind market’s drivers and challenges, policies affecting the market, composite materials consumption in the wind energy market, and more.
This unique report from Lucintel will provide you with valuable information, insights and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find to keep ahead in your business
Features of the report:
To make business, investment, or strategic decisions, you need timely and adequate information. This market report fulfills this core need and is an indispensable reference guide for multi-national Wind Turbine manufacturers, Turbine component manufacturers, investors, executives, distributors and many more, who are dealing with the Wind Energy market.
Some of the features of this market report are:
- Trend & forecast in terms of MW installation in different categories of turbine
- Composite consumption trend & forecast in Indian wind market
- Total MW potential in different wind speed classes
- Current penetration & opportunity in different wind speed classes in India
- Market share of major players in Indian wind energy sector
- MRO cost trend for Indian wind energy sector
- MRO service providers (OEMs Vs ISPs) percentage share in current wind market
- Description of OEMs present in Indian wind market
- Supply chain for wind turbine manufacturers
1. EXECUTIVE SUMMARY
1.1: Indian wind market
1.2: Porter’s Five Forces analysis of Indian wind turbine market
1.2.1: Porter’s Five Forces for wind turbine market of India
2. OVERVIEW OF THE INDIAN WIND INDUSTRY
2.1: Current wind market of India
2.2: History of Indian wind market
2.3: Regulation & legislative framework
2.3.1: The 2003 electricity act
2.3.2: Fiscal and financial incentives
2.3.3: Land policies
2.3.4: Wind resources assessment
2.3.5: National feed-in-tariff
2.4: State policies
2.5: A National renewable portfolio standard
3. INDIAN WIND ENERGY MARKET ANALYSIS
3.1: Product mapping for wind turbine manufacturers in India 2009
3.2: Competitive analysis of OEMs for 2009
3.3: Supply chain analysis for 2009
3.3.1: Key suppliers of wind turbine components in India
3.3.2: Wind supply chain of major OEMs
3.3.3: Components sourcing of top OEMs
3.3.4: Domestic vs. international sourcing of components in India
3.4: Market share analysis for 2009
3.5: Turbine size breakdown & market demand for low (<1.5 MW), medium (1.5 MW) & high (>1.5 MW) turbines in 2009
3.6: Recent developments in Indian wind market
3.7: Composites market analysis 2009
4. INDIAN WIND ENERGY MARKET TRENDS
4.1: Wind energy installation trends (2004-2009)
4.1.1: Comparative study of MWs installed in 2004 & 2009
4.2: Installation trends of low, medium & high MW wind turbines (2004-2009)
4.2.1: Comparative study of turbine sizes of 2004 & 2009
4.3: Composites consumption trend (2004-2009)
4.3.1: Comparative study of composites consumption (2004 & 2009) in wind market
5. INDIAN WIND ENERGY MARKET FORECASTS (2010-2015)
5.1: Wind energy installation forecast (2010-2015)
5.1.1: Comparison between MW installations in 2010 & 2015
5.2: Low, medium & high MW wind turbine installations (2010-2015)
5.2.1: Comparison between turbine sizes of 2010 & 2015
5.3: Composites consumption forecast 2010-2015
5.3.1: Comparative study of composites consumption (2010 & 2015) in wind market
5.4: Growth drivers: impact analysis on Indian wind market
5.5: Growth challenges: impact analysis of Indian wind market
6. COMPETITIVE ANALYSIS
6.1: Suzlon Energy Limited
6.1.1: Financial analysis of Suzlon in India
6.1.2: SWOT analysis for Suzlon
6.1.3: Suzlon wind farms in India
6.1.4: Suzlon customers in India
6.2 Vestas India
6.2.1: Vestas financial analysis in India
6.2.2: Vestas wind farms in India
6.2.3; Vestas customers in India
6.3 Enercon India
6.3.1: Enercon financial analysis in India
6.3.2: Enercon customers in India
6.3.3: Enercon wind farms in India
7. MRO OPPORTUNITY IN INDIAN WIND MARKET
7.1: MRO market of India 2009
7.1.1: MRO market players in India 2009
7.1.2: OEMs vs. ISPs market share 2009
7.1.3: Component wise MRO cost distribution 2009
7.1.4: Gear Box MRO
7.1.5: Generator MRO Market
7.1.6: Blade MRO Market
7.1.7: MRO cost distribution by service Type 2009
7.2: Indian MRO market trend (2004 – 2009)
7.2.1: Comparison between wind MRO markets of 2004 & 2009
8. GROWTH OPPORTUNITIES IN INDIAN WIND MARKET
8.1: Opportunities in Indian wind market
8.1.1: Wind power potential in different states
8.1.2: Wind potential distribution in different wind classes
8.1.3: Distribution of wind power installations in different wind classes
8.1.4: Total wind potential and wind power installations in different states
8.1.5: Total wind opportunity and penetration distribution in different wind classes
1.1: Indian wind market
1.2: Porter’s Five Forces analysis of Indian wind turbine market
1.2.1: Porter’s Five Forces for wind turbine market of India
2. OVERVIEW OF THE INDIAN WIND INDUSTRY
2.1: Current wind market of India
2.2: History of Indian wind market
2.3: Regulation & legislative framework
2.3.1: The 2003 electricity act
2.3.2: Fiscal and financial incentives
2.3.3: Land policies
2.3.4: Wind resources assessment
2.3.5: National feed-in-tariff
2.4: State policies
2.5: A National renewable portfolio standard
3. INDIAN WIND ENERGY MARKET ANALYSIS
3.1: Product mapping for wind turbine manufacturers in India 2009
3.2: Competitive analysis of OEMs for 2009
3.3: Supply chain analysis for 2009
3.3.1: Key suppliers of wind turbine components in India
3.3.2: Wind supply chain of major OEMs
3.3.3: Components sourcing of top OEMs
3.3.4: Domestic vs. international sourcing of components in India
3.4: Market share analysis for 2009
3.5: Turbine size breakdown & market demand for low (<1.5 MW), medium (1.5 MW) & high (>1.5 MW) turbines in 2009
3.6: Recent developments in Indian wind market
3.7: Composites market analysis 2009
4. INDIAN WIND ENERGY MARKET TRENDS
4.1: Wind energy installation trends (2004-2009)
4.1.1: Comparative study of MWs installed in 2004 & 2009
4.2: Installation trends of low, medium & high MW wind turbines (2004-2009)
4.2.1: Comparative study of turbine sizes of 2004 & 2009
4.3: Composites consumption trend (2004-2009)
4.3.1: Comparative study of composites consumption (2004 & 2009) in wind market
5. INDIAN WIND ENERGY MARKET FORECASTS (2010-2015)
5.1: Wind energy installation forecast (2010-2015)
5.1.1: Comparison between MW installations in 2010 & 2015
5.2: Low, medium & high MW wind turbine installations (2010-2015)
5.2.1: Comparison between turbine sizes of 2010 & 2015
5.3: Composites consumption forecast 2010-2015
5.3.1: Comparative study of composites consumption (2010 & 2015) in wind market
5.4: Growth drivers: impact analysis on Indian wind market
5.5: Growth challenges: impact analysis of Indian wind market
6. COMPETITIVE ANALYSIS
6.1: Suzlon Energy Limited
6.1.1: Financial analysis of Suzlon in India
6.1.2: SWOT analysis for Suzlon
6.1.3: Suzlon wind farms in India
6.1.4: Suzlon customers in India
6.2 Vestas India
6.2.1: Vestas financial analysis in India
6.2.2: Vestas wind farms in India
6.2.3; Vestas customers in India
6.3 Enercon India
6.3.1: Enercon financial analysis in India
6.3.2: Enercon customers in India
6.3.3: Enercon wind farms in India
7. MRO OPPORTUNITY IN INDIAN WIND MARKET
7.1: MRO market of India 2009
7.1.1: MRO market players in India 2009
7.1.2: OEMs vs. ISPs market share 2009
7.1.3: Component wise MRO cost distribution 2009
7.1.4: Gear Box MRO
7.1.5: Generator MRO Market
7.1.6: Blade MRO Market
7.1.7: MRO cost distribution by service Type 2009
7.2: Indian MRO market trend (2004 – 2009)
7.2.1: Comparison between wind MRO markets of 2004 & 2009
8. GROWTH OPPORTUNITIES IN INDIAN WIND MARKET
8.1: Opportunities in Indian wind market
8.1.1: Wind power potential in different states
8.1.2: Wind potential distribution in different wind classes
8.1.3: Distribution of wind power installations in different wind classes
8.1.4: Total wind potential and wind power installations in different states
8.1.5: Total wind opportunity and penetration distribution in different wind classes
LIST OF FIGURES
Chapter 1.
Figure 1.1: Porter’s Five Forces model for the wind turbine market in India
Chapter 3.
Figure 3.1: Market share of major players
Figure 3.2: Domestic vs. international sourcing of blades in India 2009
Figure 3.3: Domestic vs. international sourcing of generators in India 2009
Figure 3.4: Domestic vs. international sourcing of gear boxes in India 2009
Figure 3.5: Domestic vs. international sourcing of towers in India 2009
Figure 3.6: Domestic vs. International Sourcing of Hub in India 2009
Chapter 4.
Figure 4.1: Yearly wind power installations in India (MW)
Figure 4.2: Cumulative wind power installations in India (MW)
Figure 4.3: Installation trends of high, medium & low MW wind turbines
Figure 4.4: Typical composite materials distribution by turbine components
Figure 4.5: Yearly composites consumption trend in turbines (M lbs)
Chapter 5.
Figure 5.1: Yearly forecast for wind power installations in India (MW)
Figure 5.2: Cumulative wind power installation forecast In India (MW)
Figure 5.3: High, medium & low MW wind turbine installations forecast (2010-2015)
Figure 5.4: Yearly composites consumption forecast in turbines (M lbs)
Figure 5.5: Impact analysis of growth drivers
Figure 5.6: Impact analysis of challenges
Chapter 6.
Figure 6.1: Suzlon revenue trend in India 2004 – 2009 ($ M)
Figure 6.2: Suzlon net profit trend in India 2004 – 2009 ($ M)
Figure 6.3: SWOT analysis for Suzlon
Figure 6.4: Suzlon wind farms in India
Figure 6.5: Suzlon customers in India
Figure 6.6: Vestas revenue trend in India
Figure 6.7: Vestas net profit trend in India
Figure 6.8: Vestas wind farms in India
Figure 6.9: Vestas customers in India
Figure 6.10: Enercon revenue trend in India ( $ M)
Figure 6.11: Enercon customers in India
Figure 6.12: Enercon wind farms in India
Chapter 7.
Figure 7.1: MRO service provider’s market share for less than 750 kW turbines
Figure 7.2: MRO service provider’s market share for more than 750 kW turbines
Figure 7.3: MRO cost distribution according to different components
Figure 7.4: Figure of severe wear in bearing
Figure 7.5: Figure of worn out planet bearing
Figure 7.6: Figure of girding temper
Figure 7.7: Figure of broken tooth
Figure 7.8: Figure of manufacturing defect in blade
Figure 7.9: Figure of large repair in blade roots
Figure 7.10: Figure of large repair in blade roots
Figure 7.11: Figure of damage from lightning strike in blade
Figure 7.12: Figure of cracks in trailing edge
Figure 7.13: Figure of skins delaminated from the spars
Figure 7.14: MRO cost distribution by type of services
Figure 7.15: Analysis of the annual failure frequency and average down time of the main wind turbine components
Figure 7.16: MRO market trend of India 2004 - 2009 ($ M)
Chapter 8.
Figure 8.1: Current installations and opportunities in Indian wind market
Figure 8.2: Wind power potential in wind rich states
Figure 8.3: Potential distribution according to different wind classes
Figure 8.4: Installation distribution according to different wind classes
Figure 8.5: Total potential and MW installations in different states
Figure 8.6: Total penetration and opportunity percentage distribution in different wind classes
Chapter 1.
Figure 1.1: Porter’s Five Forces model for the wind turbine market in India
Chapter 3.
Figure 3.1: Market share of major players
Figure 3.2: Domestic vs. international sourcing of blades in India 2009
Figure 3.3: Domestic vs. international sourcing of generators in India 2009
Figure 3.4: Domestic vs. international sourcing of gear boxes in India 2009
Figure 3.5: Domestic vs. international sourcing of towers in India 2009
Figure 3.6: Domestic vs. International Sourcing of Hub in India 2009
Chapter 4.
Figure 4.1: Yearly wind power installations in India (MW)
Figure 4.2: Cumulative wind power installations in India (MW)
Figure 4.3: Installation trends of high, medium & low MW wind turbines
Figure 4.4: Typical composite materials distribution by turbine components
Figure 4.5: Yearly composites consumption trend in turbines (M lbs)
Chapter 5.
Figure 5.1: Yearly forecast for wind power installations in India (MW)
Figure 5.2: Cumulative wind power installation forecast In India (MW)
Figure 5.3: High, medium & low MW wind turbine installations forecast (2010-2015)
Figure 5.4: Yearly composites consumption forecast in turbines (M lbs)
Figure 5.5: Impact analysis of growth drivers
Figure 5.6: Impact analysis of challenges
Chapter 6.
Figure 6.1: Suzlon revenue trend in India 2004 – 2009 ($ M)
Figure 6.2: Suzlon net profit trend in India 2004 – 2009 ($ M)
Figure 6.3: SWOT analysis for Suzlon
Figure 6.4: Suzlon wind farms in India
Figure 6.5: Suzlon customers in India
Figure 6.6: Vestas revenue trend in India
Figure 6.7: Vestas net profit trend in India
Figure 6.8: Vestas wind farms in India
Figure 6.9: Vestas customers in India
Figure 6.10: Enercon revenue trend in India ( $ M)
Figure 6.11: Enercon customers in India
Figure 6.12: Enercon wind farms in India
Chapter 7.
Figure 7.1: MRO service provider’s market share for less than 750 kW turbines
Figure 7.2: MRO service provider’s market share for more than 750 kW turbines
Figure 7.3: MRO cost distribution according to different components
Figure 7.4: Figure of severe wear in bearing
Figure 7.5: Figure of worn out planet bearing
Figure 7.6: Figure of girding temper
Figure 7.7: Figure of broken tooth
Figure 7.8: Figure of manufacturing defect in blade
Figure 7.9: Figure of large repair in blade roots
Figure 7.10: Figure of large repair in blade roots
Figure 7.11: Figure of damage from lightning strike in blade
Figure 7.12: Figure of cracks in trailing edge
Figure 7.13: Figure of skins delaminated from the spars
Figure 7.14: MRO cost distribution by type of services
Figure 7.15: Analysis of the annual failure frequency and average down time of the main wind turbine components
Figure 7.16: MRO market trend of India 2004 - 2009 ($ M)
Chapter 8.
Figure 8.1: Current installations and opportunities in Indian wind market
Figure 8.2: Wind power potential in wind rich states
Figure 8.3: Potential distribution according to different wind classes
Figure 8.4: Installation distribution according to different wind classes
Figure 8.5: Total potential and MW installations in different states
Figure 8.6: Total penetration and opportunity percentage distribution in different wind classes
LIST OF TABLES
Chapter 1.
Table 1.1: Overview of the Indian wind market
Table 1.2: Market parameters for the Indian wind MRO market and attributes of end users
Table 1.3: Market parameters for composites in Indian wind market and attributes
Chapter 2.
Table 2.1: Comparative study of wind energy policies of key states
Chapter 3.
Table 3.1: Product mapping of wind turbine manufacturers
Table 3.2: Key suppliers of wind turbine components in India
Table 3.3: Wind supply chain for top OEMs in India
Table 3.4: OEMs component production source distribution
Table 3.5: Turbine size breakdown for 2009
Chapter 4.
Table 4.1: Growth trend (2004-2009) for new as well as cumulative capacity
Table 4.2: Indian annual nominal wind power installation growth rates (CAGR) for the last 1, 3, and 5 years
Table 4.3: Installation trends of different size turbines in % share of MW installed
Table 4.4: Variation in turbine sizes
Table 4.5: Indian annual nominal low MW (<1.5 MW) wind turbine installation growth rates (CAGR) for the last 1, 3, and 5 years
Table 4.6: Indian annual nominal medium MW (1.5 MW) wind turbine installation growth rates (CAGR) for the last 1, 3, and 5 years
Table4.7: Indian annual nominal high MW (>1.5 MW) wind turbine installation growth rates (CAGR) for the last 1, 3, and 5 years
Table 4.8: Composites consumption trend in Indian wind sector 2004 - 2009
Table 4.9: Indian annual nominal composites consumption growth rate (CAGR) for the last 1, 3, and 5 years
Chapter 5.
Table 5.1: Growth forecast (2010-2015) for new capacity as well as cumulative capacity
Table 5.2: Indian annual nominal wind power installation growth rates (CAGR) for the last 1, 3, and 5 years
Table 5.3: Installation forecast for different size turbines in % share of MW installed
Table 5.4: Indian annual nominal low MW (<1.5 MW) wind turbine installation growth rates (CAGR) for the last 1, 3, and 5 years
Table 5.5: Indian annual nominal medium MW (1.5 MW) wind turbine installation growth rates CAGR for the last 1, 3, and 5 years
Table 5.6: Indian annual nominal high MW (>1.5 MW) wind turbine installation growth rate CAGR for the last 1, 3, and 5 years
Table 5.7: Composite consumption forecast in wind sector India 2004 - 2009
Table 5.8: Indian annual nominal composites consumption growth rates (CAGR) for the last 1, 3, and 5 years
Chapter 7.
Table 7.1: Component wise MRO market (M $) 2009
Table 7.2: O&M agencies name in India 2009
Table 7.3: Market share distribution of MRO service providers in 2009
Table 7.4: Component wise MRO Market (M $) 2009
Table 7.5: Indian MRO market trend 2004 - 2009 ($ M)
Table 7.6: Indian MRO market trend (2004- 2009)
Table 7.7: Indian annual nominal MRO market growth rates (CAGR) for the last 1, 3, and 5 years
Chapter 1.
Table 1.1: Overview of the Indian wind market
Table 1.2: Market parameters for the Indian wind MRO market and attributes of end users
Table 1.3: Market parameters for composites in Indian wind market and attributes
Chapter 2.
Table 2.1: Comparative study of wind energy policies of key states
Chapter 3.
Table 3.1: Product mapping of wind turbine manufacturers
Table 3.2: Key suppliers of wind turbine components in India
Table 3.3: Wind supply chain for top OEMs in India
Table 3.4: OEMs component production source distribution
Table 3.5: Turbine size breakdown for 2009
Chapter 4.
Table 4.1: Growth trend (2004-2009) for new as well as cumulative capacity
Table 4.2: Indian annual nominal wind power installation growth rates (CAGR) for the last 1, 3, and 5 years
Table 4.3: Installation trends of different size turbines in % share of MW installed
Table 4.4: Variation in turbine sizes
Table 4.5: Indian annual nominal low MW (<1.5 MW) wind turbine installation growth rates (CAGR) for the last 1, 3, and 5 years
Table 4.6: Indian annual nominal medium MW (1.5 MW) wind turbine installation growth rates (CAGR) for the last 1, 3, and 5 years
Table4.7: Indian annual nominal high MW (>1.5 MW) wind turbine installation growth rates (CAGR) for the last 1, 3, and 5 years
Table 4.8: Composites consumption trend in Indian wind sector 2004 - 2009
Table 4.9: Indian annual nominal composites consumption growth rate (CAGR) for the last 1, 3, and 5 years
Chapter 5.
Table 5.1: Growth forecast (2010-2015) for new capacity as well as cumulative capacity
Table 5.2: Indian annual nominal wind power installation growth rates (CAGR) for the last 1, 3, and 5 years
Table 5.3: Installation forecast for different size turbines in % share of MW installed
Table 5.4: Indian annual nominal low MW (<1.5 MW) wind turbine installation growth rates (CAGR) for the last 1, 3, and 5 years
Table 5.5: Indian annual nominal medium MW (1.5 MW) wind turbine installation growth rates CAGR for the last 1, 3, and 5 years
Table 5.6: Indian annual nominal high MW (>1.5 MW) wind turbine installation growth rate CAGR for the last 1, 3, and 5 years
Table 5.7: Composite consumption forecast in wind sector India 2004 - 2009
Table 5.8: Indian annual nominal composites consumption growth rates (CAGR) for the last 1, 3, and 5 years
Chapter 7.
Table 7.1: Component wise MRO market (M $) 2009
Table 7.2: O&M agencies name in India 2009
Table 7.3: Market share distribution of MRO service providers in 2009
Table 7.4: Component wise MRO Market (M $) 2009
Table 7.5: Indian MRO market trend 2004 - 2009 ($ M)
Table 7.6: Indian MRO market trend (2004- 2009)
Table 7.7: Indian annual nominal MRO market growth rates (CAGR) for the last 1, 3, and 5 years
