Transparency Market Research Report Added "Wind Power Market" to its database.
Albany, NY -- (SBWIRE) -- 01/06/2015 -- This research report forecasts and analyzes the global wind power market. This form of power is obtained by converting wind energy into electrical energy through the use of wind turbines. The wind power market research report is a valuable resource for both new entrants in the market and established players as it features a comprehensive analysis of: market growth drivers and inhibitors, current trends in the market, structure and the wind power market and a value chain analysis, and market projections.
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This report, prepared by our seasoned market analysts, segments the wind power market based on major geographies and key market segments. The decisive insights gained from this report can be implemented in your growth strategies to achieve tangible results. The pin point analysis of competitive dynamics in this market provides you an edge over business rivals. This report endeavors to supplement your business decision-making with reliable primary and secondary research findings. A wide array of graphics makes for an easy-to-comprehend market analysis. Moreover, the use of Porter's five forces model analysis, SWOT analysis and a study of the value-chain keep you abreast of the projected opportunities and threats in the wind power market.
Wind is the large-scale movement of air on the Earth's surface. This kinetic energy contained in a current of air can be transformed into electrical energy with the use of a wind turbine. The power thus obtained is known as wind power. The uses of wind power range from electric lighting to pumping water to other mechanical tasks. Wind energy is renewable, just like solar energy, and is abundantly present in the atmosphere. It is also a non-polluting source of energy, unlike other power sources such as coal, gas and other fossil fuels. This sustainability quotient has attracted a significant degree of interest in wind power worldwide. Wind power generation could potentially be a highly successful model in areas where fresh-water constraints abound, as it doesn't require water for power generation.
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In the backdrop of an escalating demand for energy, wind power could provide several answers. This market is driven largely by a mismatch in demand-supply mismatch, a worrying depletion of fossil fuels, and concerns about climatic changes. The low maintenance costs of a wind power generation set up furthered by advancement in wind power generation technology could be other favorable factors for this industry.
However, the amount of wind power generated is directly proportional to the amount and speed of wind in an area. Thus, output from wind turbines could vary depending on geographical location and seasons. These aspects make it difficult to integrate with the power grid. Initial investments in wind power call for a massive financial commitment and as of today, not many governments and institutes offer extensive financial aid to this industry. These factors are expected to negatively impact growth.
However, the wind power market can be encouraged with the development of energy backup via storage devices and offshore wind turbines could enhance this market.
The wind power market is broadly segmented into: wind farms and small winds. While the former provide power to industrial-scale consumers and large utilities, the latter are suitable for smaller (or individual) consumers. A large wind farm could comprise hundreds of turbines over a sprawling wind farm. Wind power is being studied by many governments and establishments advocating sustainably energy. It could provide immense potential for the electrification of remote areas and villages, as well as other crucial activities such as heating and pumping water.
Asia Pacific and Europe are leaders in the wind power market, followed by North America. Expansive capacity additions are being observed in the Middle East and Africa, but this growth is at a slower pace.
This report features companies such as: Suzlon, E.ON, Gamesha, Siemens, Nordex, Sinovel, General Electric, Regen Powertech, Vestas, and Iberdrola Renovables.
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