Research and Markets has added a new report titled “World's 5 Fastest Growing Wind Power Markets (2009)” to its offering.
During the last 10 years, global wind power generating capacity has increased by 12-fold making the industry as one of the fastest-growing source for generating electricity. With an average annual growth of 30% during the last 10 years, 120 GW of new wind power generating capacity has been added.
Many factors that led to the stupendous growth of this industry include increasing concern over global warming and climate change. The cost for wind power generation is also declining with the adoption of new technologies. Concerns over energy security, rising gas and oil prices has also aided the wind power industry to grow at a faster pace. The global wind industry is expected to grow at CAGR of 20% in the next seven years.
This new report from Research and Markets offers a comprehensive analysis of the top five fastest growing wind power markets in the world. For the past two years, these markets, which are analyzed in the report, have shown striking growth rates and continue to accomplish significant growth rates. In-depth analysis for these fastest top five markets include the trends in installations, market competition, R&D status, support from government and its wind energy related policies. The report also provides projections and potential for the wind industry in these markets.
The report discusses the current wind turbines installations across the world, outlook for the wind technology and recent developments in the industry. Key topics covered in this report include global wind power market, fastest growing market ranking, and finally market assessment.