From 2018 to 2027, the global average annual wind power increase will exceed 65 GW

MAKE Consulting, a market research arm at research and consulting group Wood Mackenzie, forecasts that the average annual installed wind capacity will exceed 65 GW between 2018 and 2027, partly due to increased offshore wind demand and an expanded
contribution from emerging markets.

Specifically, MAKE stressed that "the market where incentive policies expire and adapt to the new tender mechanism" will stimulate annual capacity increase of more than 30%
between 2017 and 2020.
In addition, fortunately, due to "the development of the marine market and the continued growth of emerging markets worldwide, the second increase will take place between
2023 and 2027.
" ”

However, this success depends on the ability of the global wind energy industry to continue to be rewarded in tenders and be able to deliver
on time and within budget.

Depending on the regional context, MAKE predicts that Europe's outlook will increasingly rely on success in the offshore wind sector, which is forecast to account for more than
a quarter of new capacity added between 2018 and 2027.
Specifically, the Nordic region will be the main offshore wind market, and while Denmark will contribute in the short term and Sweden and Ireland in the long term, the UK unsurprisingly accounts for the majority of
this capacity.

Offshore wind in the rest of Europe will be less important, however, Western Europe will only contribute 10% over the next decade, with France, Germany and the Netherlands each expected to add more than
5GW.
As for onshore wind, Germany and France will dominate
.
In Southern Europe, 40 GW of new wind capacity
is expected.
Spain and Turkey will together add more than 13 GW of wind power capacity over the next decade, and Italy will make a similar contribution
with its new energy program.
The Eastern European market will increase by more than 1 GW per year from 2019
.

Following the National Energy Administration's early warning mechanism, China's wind power industry will take a little time to get it operational, but annual capacity levels will start to rise due to
falling cuts and increased wind power consumption.
Specifically, MAKE forecasts an annual capacity increase of 3 GW
between 2022 and 2027.
Australia will achieve more than 1GW of deployments
in 2018 and 2019.
India, on the other hand, will see annual growth
in 2022.

However, the North American market will cause a growth bubble
due to the tax reform policy passed by the United States at the end of 2017.
After 2021, capacity increments will decline
significantly.
It is expected that between 2022 and 2027, the average annual capacity increment will be nearly threefold
lower than in the previous four years.

Latin America's recent growth has largely relied on a handful of countries, including Brazil, Argentina, Chile and Mexico
.
The market is expected to continue to grow
for a long time from 2020.

Due to the contribution of emerging markets, annual capacity growth in the Middle East and Africa is expected to double in 2027 compared to 2018
.