Aug 30 2010
WinterGreen Research, a market research company offering in-depth reports and forecasts on business opportunities, has recently released a new study report on Utility Scale Wind Turbine market strategy, market shares, and market forecasts.
The report that runs to 269 pages with 83 tables and figures declares that the power generated from wind turbines has almost reached price parity with that of the fossil fuels and predicts greater demand for wind power due to enlarged use of electric powered vehicles.
The report indicates that the wind turbine markets which stood at $35.6 billion during 2009 are expected to grow and reach a level of $130 billion by 2016. The report cites the expansive capital market and its access to bigger wind energy companies and its clients as prime reason for the anticipated growth. The report adds that the capital access will make the growth in wind and solar energy noticeable to replace the growth of fossil fuel manufacturing, while it predicts the continued competition from natural gas. It describes the adaptive nature of the wind power systems that can be easily accommodated for use with the currently used fossil fuel or nuclear electric system operations. The efficient combination of power operating systems such as natural gas generators with wind turbines and solar energy systems that work synchronously with wind turbines and their successful profitable operation is mentioned in the report.
Susan Eustis, the lead author of the study, said that the increasing number of utility scale wind turbines represents the growing trend of the market and she added that technological innovations increased the power generating efficiency of both offshore and onshore wind turbines. She further said that the development of hydrogen campus fuel cell systems will provide cost efficient energy storage systems to harvest more energy from wind turbines. She concluded saying that the introduction of thin film battery electric storage facility for electric powered vehicles or their usage on grounds will amplify the delivery regularity of wind generated power.
Source: http://wintergreenresearch.com