Research and Markets has declared the inclusion of “Global Wind Power Markets” prepared by Frost & Sullivan to its range of report offerings. According to the report, the installed capability of wind turbine power generation globally will achieve a CAGR of 16.5% to attain 569,673 MW in 2017 from its present capacity of 193,621 MW.
The report quotes the increased concerns of governments about energy independence and security, ever rising costs of energy production, fast changing fuel market prices and increased level of government incentives for clean energy production as the reason for increased level of wind energy market all over the world. According to the report in 2010 nearly 50% of the world wind installation capacity was at Europe, but under the changed scenario the market is growing in all the regions. It states that the Asia Pacific region which accounted for around 31.4% of installed capacity in 2010 is expected to increase its share to 41.3% by 2017.
The report indicates that due to erratic changes in fuel prices governments world over are including more clean energy alternatives in their energy portfolio and wind energy is one among them. It indicates that the wind energy market estimated as $56.89 billion in 2010 is expected to achieve a CAGR of 13.7% from 2010 to 2017 to reach the level of $137 billion.
The report covers geographic regions such as Asia-Pacific, Europe, North America and rest of the world. It discusses in detail about restraints and market drivers and the companies that mainly contribute for growth. Some of the companies discussed in the report include Enercon, Sinovel Wind Group, GE Wind, Siemens Wind Power and Vestas Wind Systems.
Source: http://www.researchandmarkets.com