Albany, NY -- (SBWIRE) -- 04/09/2014 -- Wind energy accounts for majority of the renewable energy generated in the country. With India facing continuous shortfall in the supply of energy required to cater to the demands of its growing population through conventional sources, the focus is shifting from conventional to renewable sources of energy. As more and more wind power projects are being planned for this reason, the market for wind turbines is also expected to grow.
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Various other reasons such as high prices and the lack of easy availability of raw materials for generating electricity through thermal plants are also responsible for driving growth within the market. However, the governments decision to withdraw various schemes that provided several incentives to wind energy producers in the past is having a negative impact on the markets growth. Off-shore wind energy generation, hybrid generators such as solar photovoltaic, wind and diesel as well as the advent of small wind turbines are some of the key trends that are being witnessed in the industry at present.
Several government and industry bodies are working towards the development of the market and various policy and regulatory incentives are being provided to wind energy producers. However, the market remains import dependent.
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Majority of the players operating in the market are foreign companies and there is stiff competition among these players. The advancements in technology and the resultant reduction in costs will ensure that the market will grow steadily over the next few years.
Wind Turbine Towers, Update 2014 - Global Market Size, Average Price, Competitive Landscape and Key Country Analysis to 2020 ( http://www.researchmoz.us/wind-turbine-towers-update-2014-global-market-size-average-price-competitive-landscape-and-key-country-analysis-to-2020-report.html )
The report provides clear understanding and deep insights into the global wind turbine tower market. It explains the key drivers and challenges impacting the market, and also provides data regarding historic and forecast growth of the wind turbine tower market, average prices, market segmentation, and competitive landscape, globally and also in key wind power countries Germany, Spain, the UK, the US, Canada, China and India.
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