The report said some important markets, including the US and Spain had slow growth in the global wind power market in 2013.
The slow down did not affect the wind power market, which currently supplies about 3% of the global electricity and is estimated to increase significantly in the next four years.
The offshore market will drive the growth with 13 new projects installed in 2013, adding 1,720MW, an increase of 50% when compared to 2012.
According to the report, about 50% of all new offshore capacity in 2013 was installed in the UK, with the entire capacity supplied by Siemens.
Navigant Research research director Feng Zhao said: "Last year was the first in which the wind industry experienced negative growth since 2004, but there are signs that the 2013 slowdown will turn out to be an anomaly.
"As wind turbine vendors search for new opportunities in emerging markets, primarily in Latin America and Africa, and develop machines for maximum energy production in low wind speed areas, the industry is expected to add another 250 gigawatts of capacity through 2018."
Image: The wind power market currently supplies about 3% of the global electricity. Photo: Courtesy of pakorn/FreeDigitalPhotos.net.
