Dec 17 2009
A new market research report titled “Small Wind Power” has been released by Reportlinker.com. This research highlights the significance of meeting the increasing demand for electricity with the help of distributed energy generation. Small wind systems in the Renewable Distributed Energy Generation market are considered to possess a vital role in providing solutions for various commercial and residential applications.
Small wind systems are mostly used along with an additional energy source that includes diesel generation, battery backup power or solar photovoltaics. In comparison with large wind or PV installations, the small wind systems have not received appropriate support from the government and other countries except UK and the US.
Increasing demand for small wind systems is anticipated in the US because of the recently enacted 30% uncapped dollar for dollar tax credit. In the year 2008, the estimated size of the small wind market was 38 MW of generation capacity. Pike Research expects the sector to grow to 115 MW by the year 2013 with a compounded annual growth rate of 25%. This growth will result in increasing revenues of about $412 million by the year 2013 with a compounded annual growth rate of 20%.
The market status for small wind power, fuel cell technologies and photovoltaics is analyzed in this report that also highlights drivers of demand for sub-utility scale wind power that includes incentives and government-driven legislation. Important business issues and factors related to the market are also discussed in this report.
The report also examines cost and technology issues. The report provides market forecasts through the year 2013 that include system revenues, small wind generation capacity and installation prices in all parts of the world.
Source: http://www.reportlinker.com