TechNavio today launched its Global Wind Turbine Components Market 2011“2015 report based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers™ understanding of the key trend impacting this market.
Commenting on the report, an analyst from TechNavio™s Engineering Services team said; As the competition among the market vendors is increasing, more features and operational functionalities are being incorporated into wind turbines for increased functional capabilities. Thus, with the increasing deployment of high-capacity wind turbines, especially the offshore ones, the cost and operational issues faced in erecting these turbines become a major challenge. Therefore, the market vendors have now started developing self-erecting wind turbines.
According to the report, industries across the globe are steadily expanding as a result of the rapid economic growth taking place in several countries. This leads to the increased usage of electricity. Thus, the need for electricity is increasing across the globe. It is estimated that the global demand for energy will rise by explosively by 2030.
Further, the report also discusses that the high cost of wind turbines acts as a barrier against the increased adoption of wind turbines by governments and organizations across the globe.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-wind-turbine-components-market-2011-…
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TechNavio Announces the Publication of its Report “ Global Wind Turbine Components Market 2011“2015
