Worldwide markets are set to attain considerable growth as wind electricity generation reaches costs equivalent to fossil fuels. Moreover, increasing use of electric vehicles will further drive demand for greater electricity generation. The study indicates that "electric vehicles provide a significant market thrust to the need for wind generated electricity". It is very possible that electricity generated from renewable sources, such as wind turbines, will replace gasoline in the future.
Total utility scale wind turbine market was valued at $35.6 billion in 2009 and is expected to achieve $130 billion by 2016. Even more encouraging is that wind energy is finally gaining more recognition for government subsidies as leaders are increasingly realizing the necessity of sustainable energy policies. Federal governments support every energy technology in some way and hopefully wind energy will start gaining a higher proportion of these subsidies.
Susan Eustis, lead author of this study, notes, "the use of utility scale wind generators represents an emerging high growth market. New technologies have increased the efficiency of wind based electricity generation and of systems installations both onshore and off shore. The evolution of hydrogen campus fuel cell systems will introduce electricity storage that makes the wind generation systems even more cost efficient. Thin film battery storage of electricity in the electric vehicles and in hardened cases on the ground will increase the efficiency and consistency of wind generated electricity delivery."
This study is a comprehensive report on the utility scale wind turbine market. It includes a discussion on market dynamics and provides detailed information on market shares and forecasts. The report also supplies profiles of leading wind turbine companies and descriptions of various wind systems and turbine products.
For more information on this report:
Utility Scale Wind Turbines Market Shares Strategies, and Forecasts, Worldwide, 2010 to 2016
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