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The global Wind Energy Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.

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global market scenario of wind energy market

Global Market Scenario of Wind Energy Market

  • Growing demand for renewable energy coupled with rising awareness towards environmental conservation will stimulate the global market size. National targets for clean energy along with ongoing depletion of fossil fuel reserves will further propel the industry growth. In 2016, France set its target of renewable energy capacity to 70 GW by 2023 including 23 GW from onshore wind.
  • Declining project development cost subject to fall in component prices favored by government incentives will stimulate the market share. In addition, utility scale installations tend to bear lower operational costs when compared to auxiliary generation technologies. Rapid technological enhancements in line with the integration of smart monitoring and sensing units across turbines have reduced overall system losses.
  • Horizontal wind energy market is predicted to witness a growth of over 13% by 2024. High efficiency, cost effectiveness and ability to self-start are some of the key parameters which will stimulate the industry landscape. Improved operational performance statistics when compared to its competitive counterparts veritably justify the product penetration.
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  • Ability to produce energy in turbulent conditions coupled with low maintenance cost and ease of operation are some of the key features streamlining the vertical axis wind energy market growth. These units are suitable for low rated capacity and residential applications adhered by positive outlook towards distributed wind energy deployments will drive the industry growth.
  • Reasons to Buy This Report:
  • 1. Wind Energy Market size & share forecast by product & application, 2017-2024
  • 2. Growth drivers, pitfalls & industry challenges
  • 3. Wind Energy Market growth opportunities & emerging business models
  • 4. Competitive benchmarking with market share analysis and company profiles
  • The off-grid wind energy market is set to grow subject to effective economic feasibility across remote areas when compared with grid connected networks. Government incentives toward rural electrification coupled with growing adoption of microgrid networks will further boost the business landscape.
  • Low installation costs along with government incentives including net metering and feed in tariff will positively impact the on-grid wind energy market share. Rapid expansion of utility based electricity networks to cater growing energy demand across suburban areas will further complement the industry growth.
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