Core Viewpoint - The wind power sector is experiencing significant growth, with strong performance in stock prices and robust installation capacity increases globally, driven by technological advancements and innovative business models [1] Industry Summary - In 2023, global wind power installations reached 117 GW, a 50% year-on-year increase, with expectations for 131 GW in 2024 and a 5-year CAGR of 9.4% [1] - Onshore wind power is showing steady growth, particularly in emerging markets, with an average annual installation capacity of 130 GW projected over the next five years, leading to a more diversified global onshore wind market by 2028 [1] - Offshore wind power is accelerating, with 10.8 GW of new installations in 2023, primarily from China and Europe, and an expected 80% increase to 18 GW in 2024, resulting in a 5-year CAGR of 27.9% [1] Market Dynamics - The European offshore wind market is rapidly expanding, while the Asia-Pacific region, led by China, is also seeing significant growth, with Japan, South Korea, and Vietnam emerging as key players [1] - North America is preparing for offshore wind development, indicating a potential future growth area [1] - Domestic onshore wind power installations are expected to continue growing due to improved economics, while offshore wind in China is anticipated to gain momentum as restrictions are lifted [1] Supply Chain Insights - The domestic supply chain has a competitive advantage in exports, with price competition easing and declining raw material costs likely to improve profitability [1] - The wind power industry is highlighted as a key area of focus, with recommendations for leading quality companies capable of international expansion in both complete machines and component manufacturing [1]
风电概念强势拉升，龙源电力、天顺风能涨停，坤博精工等大涨