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Wind has been used by man for a long time, but for electricity generation it is only now that wind power is facing its major breakthrough. Wind power is a global, fast-growing market and it is already a significant source of energy. It can quickly dominate local electricity markets within a couple of decades. Wind power is a growth opportunity for many actors: manufacturers, subcontractors, projectors and operators.

The conclusions from this in-depth study are that even though the wind power industry is starting to mature, the great potential for growth is in the future.

Wind power has reached a “tipping point” and growth will continue to be strong. A dominant design has been established which accelerates development, drives economies of scale and awareness. At the same time, it poses challenges for the industry: more actors establish themselves, bottlenecks in manufacturing arise, supply and quality problems occur, rising costs, and the need to create a functioning infrastructure for aftermarket, service and maintenance.

The roles in the value chain changes. On the one hand, new actors come in to replace the projectors – mainly power companies – and on the other there is a consolidation. At the same time, it is a growing market that is attracting new actors. The value chain is becoming more pure in line with growth, where component and system suppliers play a significant role for development – not just the wind power companies themselves.

Wind power contributes to a structural upheaval of the electricity market. The expansion of wind power is changing the conditions for the electricity market as a whole – it allows for partial or full self-sufficiency for forestry and agriculture, companies, associations and individual citizens. They can also become net producers in the electricity market. This can mean a major long-term change for the electricity market as a whole, especially as some other renewable energy sources share this characteristics.

 

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