Research and Markets, has declared the inclusion of a new report prepared by GlobalData in its list of offerings.
The new report titled, "Small Wind Turbines (less than 100kW) - Global Market Size, Analysis by Power Range, Regulations and Competitive Landscape to 2020," offers comprehensive information and realization of the worldwide small wind turbine market. The research provides historical data for the period 2006-2010 and forecasts up to 2020.
The study provides details on the prevailing technology, important market drivers, constraints faced by the industry and the market trends about the worldwide small wind turbine market. According to the report, the wind energy market achieved a Compound Annual Growth Rate (CAGR) of 26.4% from 2001 to 2010 due to the installed capacity growth from 24,052 MW in 2001 to 197,712 MW in 2010. The reasons attributed for the growth include growing ecology awareness, reduction in wind power production investment and exhausting level of fossil fuels.
The report indicates that wind energy source considered as an alternative fuel source two decades back has emerged as a commercial power production technology in around 70 countries world over. The report points out that annual installation of wind energy have witnessed a CAGR of 21.3% from 2001 from a mere 6,652 MW to 37,698 MW in 2010.
According to the report, the small wind power (less than 100 kW) generation represents only 0.14% of the total wind power generation in 2010 and anticipates that the awareness among the users and various government incentives will enable its growth to 0.48% by the year 2020. The UK small wind turbine market witnessed a CAGR of more than 65.3% during 2006-2010 period and during the same time China witnessed a CAGR of 29.8%.
The report mentions the production information and cost analysis of world wide small wind turbine producers and the frame work of policies in countries such as the UK, Canada and the US and the upcoming markets such as India, China, Spain, Germany and Denmark.
Source: http://www.researchandmarkets.com