Jan 11 2010
Reportlinker.com has released a new market research report titled: Growth Opportunities in Wind Energy Market 2009-2014: Materials, Market and Technologies, June 2009.
Wind energy is a fast-growing industry in the energy sector. During the past ten years, the global wind energy market has increased by more than 25 percent annually on an average. The new capacity installations of wind energy have increased from 39,778 MW in the year 2003 to 121,613 MW at the end of the year 2008, which represents an average increase of 25.5 percent.
In the next five years, the new capacity installations are expected to enhance the growth in the wind energy market at an average rate of 14 percent annually. Growth of wind energy in the 21st century has occurred as a result of increasing awareness of the environment and the depleting reserves of fossil fuels.
Increasing opportunities are provided by the wind energy market to manufacturers of products such as towers, generators, gear boxes, blades etc. enabling them to expand their businesses. Continuous growth in the wind energy market highlights the significance of being aware of those regions that have continued to grow in spite of increasing costs and supply chain issues. Awareness of the market size for materials for the next five years is also important.
This report states that the market for composite materials is expected to reach $3.95 billion by the year 2014. Wind turbines require the manufacture of nacelles, large rotor blades and other components using VARTM, prepreg lay-up, wet lay-up and other processes. This report from Lucintel provides vital information and tools that will bring about successful business operations in the wind energy market.
Source: http://www.reportlinker.com/