Wind Farm Market Research
A wind farm is a group of wind turbines in the same location used for production of electric power. A large wind farm may consist of several hundred individual wind turbines, and cover an extended area of hundreds of square miles, but the land between the turbines may be used for agricultural or other purposes. A wind farm may also be located offshore.
Research indicates that the world’s wind power capacity is likely to increase by 160 % in the next five years, with global installed wind capacity estimated to reach 409 GW by 2014, up from 158.5 GW in 2009. This augmentation in wind energy projects can be attributed to growing demand as governments look for cleaner sources of energy to reduce greenhouse gas emissions and meet the ever-rising energy needs. Studies further indicate that the market for wind farms is set to rise with predictions that in 2015, the market will generate $73.5 billion revenue from turbine sales.
Wind farms present an economy of scale along with an efficiency factors that enable them to produce electricity in the price range of conventional energy sources, and hence compete with conventional grid power. Basically, wind farms play a key role in shift to green energy.
The Wind Farm market research reports incorporate trend analysis, statistics, market size information, industry growth rates, as well as market share of competitors. The comprehensive research also goes on to examine details such as technology & systems and domestic & international markets.
The study is an essential resource for top-level data and analysis covering the wind farm industry. It includes detailed data on market size and segmentation, comprehensive analysis of the key trends and competitive landscape, and profiles of the leading companies.