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Analyzing Trends in the Global Wind Power Industry
Aruvian's R'search, Feb 2011, Pages: 170
As demand on finite petroleum reserves and the price of the fuels derived from them continues to rise, renewable forms of energy are becoming more cost-effective and profitable. In the forefront of this renewable revolution is harnessing the sustainable power of wind.
Today it is one of the most positive developments created by the present storm of uncertainty unleashed as a result of escalating oil prices, climate change, environmental degradation, dwindling fossil fuel stocks and dependence on foreign energy supplies.
In the last two decades, wind energy has really come up in a big way and latest studies indicate that it will keep on developing this year. Today a single modern wind turbine annually produces 180 times more electricity and at less than half the cost per kilowatt-hour (kWh) than its equivalent of 20 years ago.
In fact the future looks really bright for wind energy and in the next 10 years, it is set to emerge as one of the fastest growing segment within the energy industry. By the end of 2017, it is estimated that over 718,000 MW of wind power will be installed, and the United States and China would be leading from the front.
A strong wind energy sector does not only mean reduced CO2, cleaner air, and secure biodiversity. It also means sustainable economic growth, reduced energy import dependence, high quality jobs, technology development, global competitiveness, and industrial and research leadership – and with wind being in the rare position of being able to satisfy all these requirements, it is not surprising that more and more countries are actively looking at this clean source of renewable energy.
Historically, the European region has been leading the world in wind energy technology, but though currently it leads wind energy development worldwide, this lead has reduced in recent years as other regions of the world are discovering the economic potential of the technology.
Aruvian’s R’search presents Analyzing Trends in the Global Wind Power Industry – an analysis of the major trends as observed in the wind power industry worldwide. The report, further to covering the major trends, also analyzes the major global markets in terms of industry statistics, market developments, offshore wind power developments, major wind turbine markets and players, and much more.
This research report also takes a look at the economic feasibility of wind power, and the increasing employment statistics of this industry. Market strategies, future trends, industry highlights and developments, constraints in the industry, are some of the highlights included in the report Analyzing Trends in the Global Wind Power Industry.
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