China ranked no.1 in onshore wind energy market with a record installation of 16030 MW in 2013, reports Research and Markets Global Industry Analysis.
Asia Pacific is the leading investor in onshore wind energy market.
China and India are emerging as the market leaders in the Asia Pacific Region, adds the report.
Financial incentives and subsidies announced by national governments and installation targets were the key factors driving the onshore wind energy industry investment.
Moreover, the development in significant technology and expertise in project efficiency were the major reasons for the growth experienced by onshore wind energy sector.
Whereas, the offshore wind energy sector is still in the initial stages of development, with deployment limited to Europe and Asia Pacific.
Lately, developed countries like Europe and the U.S have witnessed slow growth in onshore wind energy installations, suggests the report.
Wind energy generation is one of the most advanced methods of harnessing renewable energy with a major share of the global renewable energy market.