Wind
power is defined as the transformation of wind energy into electrical energy
using wind turbines. Wind is a kind of solar energy and is caused by the
irregular heating of the atmosphere by the sun. This wind energy is utilized by
the turbine to generate electricity. In this process turbines convert the
kinetic energy of the wind into mechanical energy to generate electricity.
This
energy is further used in lighting, water pumping etc. Wind energy is a
renewable source of energy and is present in abundance in atmosphere so no
restriction of the usage as ample amount will be present in future. Wind energy
is also a clean non polluting source of generating electricity. Unlike
conventional generation of electricity wind plants emits no water & air
pollutants or green house gases. In addition being a key source in reduction of
emission wind power uses no water to generate electricity which makes it a
great opportunity in the fresh water constrained world. As an alternative to
fossil fuel wind power is plenteous and widely distributed and uses slight land
during operations. The outcome on environment is comparatively less problematic
than those from other power generation resources.
Globally demand for
power is rising at a massive rate. The growth for the wind market is abundantly
driven by drivers like supply and demand mismatch, hike in the environmental
issues mainly changes in climate, development in technology and less
maintenance cost. As wind power generation is completely dependent on wind so
the output of the turbines varies with time and geographical location thus
making it difficult to integrate with grid. High initial investment and
difficulty in obtaining financial aid as low as available for other
conventional sources is also the restraints in the development of the global
power market. As the output is not consistent from wind turbines affecting the
stability of grid the concept of backup using storage devices can be a major
option for future and new technologies like offshore can play a crucial role in
the enhancement of wind power market.
For PDF :- Wind Power Market
Wind power market is
basically segmented into two types Wind farms & Small winds. Winds farms
provide electricity to large utilities or major consumers like industries.
Large wind farms consist of hundreds of turbine and cover an area of hundreds
of square kilometers. Whereas small winds consist of single or few turbines
providing power to small or individual customers. Wind turbines are formed by
blend of various components in order to generate electricity through the
conversion of kinetic energy. Wind strikes the pitch of the blade producing
rotational energy and made the blade to rotate. This rotational energy is
received by the connected generator shaft and is transferred to the generator
and finally gets converted into electrical energy. This generated energy is the
form of direct current and is converted into the alternating current using
invertors according to the requirements. Wind power is used to generate
electricity at remote areas, electrification of villages, heating and pumping
water.
Asia pacific &
Europe are the regions utilizing their maximum wind potential followed by North
America. Exponential growth is seen in their capacity addition from wind. Middle
East & African countries have started utilizing their potential but at a
slower rate. The wind energy potential in many developed and developing
countries is present in abundance creating an opportunity to replace
conventional generation from fossil fuels.
Some of the key players
in wind power market are Gamesha, E.ON, Vestas, Siemens, Iberdrola Renowables,
General Electric, NextEra, Sinovel, Suzlon, Nordex and Regen Powertech among
others.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
Reasons
for Buying this Report
- This report provides pin-point
analysis for changing competitive dynamics
- It provides a forward looking
perspective on different factors driving or restraining market
growth
- It provides a technological growth
map over time to understand the industry growth rate
- It provides a seven-year forecast
assessed on the basis of how the market is predicted to grow
·
It helps in making informed business
decisions by having complete insights of market and by making in-depth analysis
of market segments
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