Renewable Energy Drives Growth, Report Says

Governments across the globe are formulating various policies to stimulate the development of innovative wind technologies. A notable example of this is the FiT policy, which was designed to encourage investment in technologies related to renewable energy generation.

The Renewable Energy Sources Act 2011 in Germany established fixed FiTs for the renewable energy-generating power utilities in the country. The FiT policy covers various aspects relevant to the Wind Energy industry such as eligibility, bonuses, and various other grants. Separate policies specific to various wind energy generation facilities such as onshore and offshore are also being introduced by governments across the globe. Moreover, governments in various countries are providing incentives for wind energy generation projects. These initiatives encourage investors to invest in wind energy projects and should propel the growth of the Global Wind Tower market.

Analysts forecast the Global Wind Tower market will grow at a CAGR of 7.0 percent over the period 2013-2018. According to the report, the increasing global consumption of wind energy is the most important driver of the Global Wind Tower market. Global wind energy consumption is increasing rapidly because of the growing focus on utilizing renewable energy and reducing dependency on fossil fuels.

This report covers the present scenario and the growth prospects of the Global Wind Tower market for the period 2014-2018.

The Global Wind Tower Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Wind Tower market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

The report recognizes the following companies as the key players in the Global Wind Tower Market: CS Wind Corp., Enercon GmbH, Shanghai Taisheng Wind Power Equipment Co., Ltd., Vestas Wind Systems A/S, Xinjiang GoldWind Science & Technology Co. Ltd., AH Industries Inc., Advanced Tower Systems, Broadwind Energy, Inc., General Electric Co., Gamesa Corporacion Tecnologica, S.A., Guodian United Power Technology Co., Ltd., Sinovel Wind Group Co., Ltd., Suzlon Energy Ltd., Siemens AG, Trinity Structural Towers, Inc., UBI Tower Sole Member Co., Ltd.

Press release, June 30, 2014; Image: flickr

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