Transparency Market Research Report Added "Wind Power Market" to its database.
Albany, NY -- (SBWIRE) -- 01/28/2015 -- The concerted efforts of various nations to fight climate change are driving the global wind power market. The bi-annual report released by Greenpeace International and the Global Wind Energy Council, Global Wind Energy Outlook states that wind power has the potential to fulfill 12% of the global electricity demand by 2020. This means the global wind power market is capable of creating 1.4 million jobs opportunities and cutting down CO2 emissions by 1.5 billion tons per year. This clearly shows that wind energy is likely to play a huge role in the future of energy and global economy.
Browse Full Report with TOC:
The report on global wind power market by Transparency Market Research gives a perfect analysis of the current market status and answers several questions with regards to its future. The market research report also sheds light on the key growth drivers, lucrative opportunities, upcoming trends, and noteworthy dynamics in the global wind power market. Written by expert industry analysts, the report identifies the key players in the global wind power market, highlights their financial strategies, and makes a SWOT analysis and Porter's five forces analysis to give its readers a clear view of the industry.
Overview of Global Wind Power Market
The growth of the global wind power market could answer several questions for governments across the globe amidst the escalating concerns about depleting fossil fuels and rising global warming. The primary growth drivers for global wind power market are irregular demand and supply, increasing pressure of exhausting fossil fuels, and governments taking stubborn stances on climate change. In addition, the other important contributors to the global wind power market are the easy and relatively cheap maintenance of wind power generation farms and technological advancements therein.
Read More Report on Energy & Mining Market:
The major restraint of the global wind power market is that the wind power generated is in direct relation with the wind speed in a given area. Owing to this, the output a wind farm can generate can never be calculated with 100% certainty, as it relies not just on geographical location but on changing seasons and unpredictable weather conditions as well. This challenge makes integration of wind farm into mainstream power grids exceptionally difficult. Additionally, the initial capital investment to set up wind farms is quite high, which is a dissuading factor for many governments in developing nations.
The global wind turbine market is broadly segmented into large wind farms and small wind farms. While the former cater to the needs of industrials areas and commercial demands, the latter offer their services to individual consumers.
A great window of opportunity for the global wind power market would be a slight encouragement with offshore wind turbines and energy backup via storage devices. If such solutions are provided and invested in, the global wind power market will grow at a rapid pace.
Players in the Global Wind Power Market
Some of the leading players in the global wind power market are General Electric, Regen Powertech, Suzlon, Gamesha, E.ON, Siemens, Sinovel, Vestas, Nordex, and Iberdrola Renovables.
Enquiry Before Buying:
About Transparency Market Research
Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.
Transparency Market Research
90 State Street,
NY - 12207
USA - Canada Toll Free 866-552-3453