Wind industry looks positively to the future worldwide
The optimistic mood picture for the international wind industry continues in the eighth edition of the WindEnergy trend:index. The assessment of the market situation shows a similar picture for almost all regions of the world: the current situation continues to be viewed positively, but has to accept slight losses compared to the latest surveys. The outlook for the market situation in two years, on the other hand, is very positive for both onshore and offshore: all regions achieve their best results here since the beginning of WEtix, some of which are close to the maximum peaks to be achieved.
These are the results of the new WindEnergy trend:index (WEtix), which has been published every six months since 2018. The publisher of the trend barometer is WindEnergy Hamburg, the world’s leading trade fair for wind energy onshore and offshore, in cooperation with wind:research, the leading market research institute for wind energy. Since the beginning of the surveys, more than 8,500 people have participated and made their assessment of the developments in the global onshore and offshore wind industry.
All regions achieve new records in assessing the future market situation
The current market situation of the onshore wind industry continues to be seen positively for Europe, North America, Asia and the rest of the world. Nevertheless, sentiment is somewhat more subdued than in the spring: all regions have to accept slight losses compared to the last survey. A similar picture emerges when looking at the current market situation in the offshore wind industry: this, too, continues to be rated positively worldwide. Apart from the rest of the world, however, all regions also have slightly worse results here than in the seventh WEtix.
The prospects for the wind industry in two years, on the other hand, are very positive: when it comes to the market situation of the onshore wind industry, all regions of the world receive new records. The future of the offshore wind market is also viewed very optimistically: Asia, Europe and North America are still almost close to the optimum here. The rest of the world is also gaining and can reduce the distance to the three top positions.
This general trend – stagnant or slightly declining values for the current market situation and high expectations of the future of the wind industry – is also evident for Germany. The current mood in the German wind industry is somewhat subdued – onshore and offhore reach values that are (only) narrowly in the negative or positive range. However, when assessing the long-term market situation, Germany can catch up with the world regions and record clearly positive results.
Majority expects neutral or even positive influence of the corona pandemic
However, the corona crisis seems to be able to harm the good mood in the wind industry: only 20% of those surveyed fear negative effects. Everyone else does not expect any effects or is positive and very positive.
Green hydrogen continues to be given great importance: overall, over 55% estimate that the production of green hydrogen will play an essential role in wind energy over the next three years to be high.
However, the assessments of the intensity of consolidation processes have remained almost the same compared to the last survey: they keep the high level of recent years for both onshore and offshore. Expectations of optimization potentials due to digitization continue to stagnate at a high level. As has been since 2018, expectations of the offshore sector are higher. The mood picture regarding possible savings potentials from new technologies is also still in the middle to high range with approximately constant values. Since the beginning of WEtix, the savings potential for the offshore wind industry has been estimated to be significantly higher than for the onshore wind industry.
WindEnergy Hamburg from 27th to 30th September 2022
Every two years, one of the most exciting industries meets at the world’s leading networking hub for wind energy: At WindEnergy Hamburg in the heart of the vibrant Hanseatic city, around 1,400 companies from 40 countries present their innovations and solutions in ten exhibition halls up to 35,000 visitors from 100 nations. Plant manufacturers and suppliers along the entire value chain of wind energy onshore and offshore give a comprehensive market overview on 68,500 m2. WindEnergy Hamburg presents the largest available sourcing pool for plant construction worldwide. Service providers, from planning and project planning, to installation, operation and maintenance, marketing, certification to financing, offer their expertise. The Expo is accompanied by top-class conference sessions on all key topics that move the industry. The WindEnergy Hamburg team designs this program together with its partners, including the global wind energy association GWEC, the European association WindEurope, the national associations VDMA and BWE as well as leading media and exhibitors in the industry. From 27th to 30th September 2022, a large part of the sessions will be offered free of charge on so-called Opens Stages directly in the trade fair holdings. As part of WindEnergy Hamburg 2022, the H2 Expo and Conference will also take place for the first time, the new international meeting place for the production, distribution and use of green hydrogen.
About wind: research:
The market research institute wind:research provides detailed approaches to strategy development for energy suppliers, project developers, operators, manufacturers of components and plants as well as for municipalities, states and the federal government with market studies and analyses as well as expert opinions up to M&A services for wind energy. In addition, it offers weekly clippings on a wide range of topics, for example hydrogen. Further information: www.windresearch.de.
To the WEtix:
The WindEnergy trend:index is a sentiment barometer for the industry, which is created by WindEnergy Hamburg, the world’s leading trade fair for onshore and offshore wind energy, in cooperation with wind:research, the leading market research institute for wind energy. The survey focuses on the investigation of the potential in wind energy in the onshore and offshore sector.
For the survey:
Around 10% of the participants only work in the offshore sector, while just over 40% of the participants are predominantly active in the onshore sector. About 44% focus on both onshore and offshore, which has increased this value compared to the last survey.
43% of the companies surveyed are active in the field of operation and maintenance. In addition, around 40% are involved in production, planning and project planning and about one fifth of installation. Within production, the focus is in particular on the construction of turbines and rotor blades as well as other components.
About 70% of those surveyed focus on the German and European markets. More than a third of the respondents are also active in the Asian market, about 31% in the North American market and 25% in the rest of the world.
As in the last surveys, one third of the survey participants work in business, corporate or operational management. Participants from other areas, sales, R&D and design as well as maintenance and servicing will follow in the next places.