Philippines Wind Energy Market Share, Trends & Growth [2031]

Segments - Philippines Wind Energy Market by Location of Deployments (Onshore and Offshore) and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Swapnil Hedau

Report Description

Philippines Wind Energy Market Outlook

The Philippines wind energy market size was valued at a USD XX Billion in 2022 and is likely reach to USD XX Billion by 2031, expanding at a CAGR of 7.5% during the forecast period, 2023–2031. The growth of the market is attributed to increasing demand for renewable energy and favorable government policies.

The wind is utilized to produce power utilizing kinetic energy generated through air stream. The kinetic energy is changed into electric energy utilizing a wind energy transformation framework and wind turbine. The breeze hits the sharp edges of the turbine, which assists them with turning and moving to the turbine associated with them.

The turbine changes kinetic energy to rotational energy, with assistance of a moving shaft, which is associated with the generator. Further, electrical energy is produced with assistance of electromagnetism.

Wind turbines, similar to windmills, are mounted on a pinnacle to absorb most energy. At 100 feet or more, they can exploit quicker and less raging wind. Turbines has propeller-like cutting edges. Generally, a few cutting edges are mounted on a shaft to frame a rotor.

A cutting edge acts similar to a plane wing. At the point when the wind blows, a pocket of low-pressure air structures on the downwind side of the cutting edge. The low-pressure air pocket then, at that point, pulls the edge toward it, making the rotor turn.

This is called lift. The power of the lift is a lot more grounded than the breeze's power against the front side of the sharp edge, which is called drag. The mix of lift and drag makes the rotor turn the propeller, turning to shaft to produce power.

Small wind turbines can create 100 kilowatts of force. These wind turbines are generally utilized for water tapping stations. To some extent, bigger wind turbines sit on towers that are pretty much as tall as 80 meters and have rotor edges that broaden around 40 meters in length.

These turbines can create 1.8 megawatts of force. Considerably bigger wind turbines can be found stayed on towers that stand 240 meters tall, which have rotor edges in excess of 162 meters in length. These enormous turbines can produce power somewhere in the range of 4.8 to 9.5 megawatts of force.

Philippines Wind Energy Market Trends, Drivers, Restraints, and Opportunities

Major surge in demand for renewable power sources is anticipated to drive the market growth.
Environment friendly and reduced carbon emission is estimated to spur the growth of the market.
Increasing adoption of alternate clean power sources such as solar and biomass can hinder the market growth.
The COVID-19 pandemic disrupted the market owing to imposition of lockdown across the globe. However, the relaxation in restrictions is estimated to positively influence the market growth.
The availability of fossil fuels can hamper the growth of the market.
The design of wind turbines must be proper with respect to the blade loading and aerodynamically stability. Thus, intricate design of systems can create challenges for the market growth.
The integration of artificial intelligence (AI), Internet of Things (IoT), robotics, and data analytics in wind turbines are estimated to create lucrative opportunities during the forecast period.

Scope of Philippines Wind Energy Market Report

The report on the Philippines wind energy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Wind Energy Market - Philippines Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Location of Deployments (Onshore and Offshore)
Country	Philippines
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	AC Energy Inc.; Vestas Wind Systems A/S; General Electric Company; Alternergy Ltd; and PetroEnergy Resources Corp.

Philippines Wind Energy Market Segment Insights

Onshore segment is anticipated to constitute a key market share

In terms of location of deployments, the market is bifurcated into onshore and offshore. The onshore segment is expected to constitute a key share of the market during the projected period due to rising demand for energy.

Wind turbines are assisting Philippines by enhancing its energy sources past petroleum products. Philippines has critical wind energy assets spread across different islands of the country. As of 2019, the Philippines has introduced onshore wind energy capacity of 426.9 MW.

Philippines Wind Energy Market Deployments

Segments

Location of Deployments

Onshore
Offshore

Country

Philippines

Key Players

AC Energy Inc.
Vestas Wind Systems A/S
General Electric Company
Alternergy Ltd
PetroEnergy Resources Corp.

Competitive Landscape

The key players competing in the Philippines wind energy market are AC Energy Inc.; Vestas Wind Systems A/S; General Electric Company; Alternergy Ltd; and PetroEnergy Resources Corp.

Philippines Wind Energy Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wind Energy Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Wind Energy Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Wind Energy Market - Supply Chain
  4.5. Global Wind Energy Market Forecast
     4.5.1. Wind Energy Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Wind Energy Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Wind Energy Market Absolute $ Opportunity
5. Global Wind Energy Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Wind Energy Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Wind Energy Demand Share Forecast, 2019-2026
6. North America Wind Energy Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Wind Energy Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Wind Energy Demand Share Forecast, 2019-2026
7. Latin America Wind Energy Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Wind Energy Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Wind Energy Demand Share Forecast, 2019-2026
8. Europe Wind Energy Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Wind Energy Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Wind Energy Demand Share Forecast, 2019-2026
9. Asia Pacific Wind Energy Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Wind Energy Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Wind Energy Demand Share Forecast, 2019-2026
10. Middle East & Africa Wind Energy Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Wind Energy Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Wind Energy Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Wind Energy Market: Market Share Analysis
  11.2. Wind Energy Distributors and Customers
  11.3. Wind Energy Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. AC Energy Inc.
     11.4.2. Vestas Wind Systems A/S
     11.4.3. General Electric Company
     11.4.4. Alternergy Ltd
     11.4.5. PetroEnergy Resources Corp.