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Wind equipment demand slows in 2014

EMEA: Demand for new wind power equipment is set to contract in the Europe, Middle East and Africa (EMEA) region in 2013 and 2014, according to research by Make Consulting.

This is taking place in spite of a predicted global market recovery in 2014, which is due to the legacy of weak economic growth and political weakness across the region the EMEA Wind Power Outlook, report argues.

Grid-connected wind installations in EMEA are expected to expand at a compound annual growth rate of 4.5% up to 2020.

According to Make growth is uneven across the region and is led by northern Europe, offshore and emerging markets. However, it remains weak in southern and eastern Europe. Seven of the top 10 global emerging markets are in the EMEA region.

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