The market for wind-turbine controls is positioned to grow over the next several years due to the volatility in oil costs, a worldwide push for clean energy, favorable government incentives, and available investments funding for this area in the world financial community, according to a recent study from the ARC Advisory Group study, Dedham, Mass. Asia’s demand for energy and growing pressure to reduce greenhouse-gas emissions is driving demand of renewable sources of energy such as wind power.
“Wind power is one of the key renewable energy sources that will make a significant contribution towards the goals of future energy models of every major country around the world,” says ARC Senior Analyst Himanshu Shah, (email@example.com) the principal author of “Wind Turbine Control Systems Worldwide Outlook”.
The study covers wind turbine control systems which comprises five systems: Main controls, condition monitoring, power conversion, and pitch and yaw. Demand for wind turbine controls directly correlates to demand for wind-turbine manufacturing and wind power generation.
Global windpower installations will struggle throughout 2009. However suppliers are expecting a strong rebound after 2010. The report summary says that strategic decisions made now will have far reaching implications on suppliers of wind-turbine controls as recovery continues beyond 2010 with continuing push to add wind-power generation capacity. Intense market share competition will result in an increasing global competition and shift market power to buyers.
These suppliers benefit, says the report, from an increasing demand for wind turbines worldwide and by recognizing areas of opportunities where performance can be improved. The report also discusses market issues faced by suppliers of wind turbine controls as well as their strategies.
Emerging economies in Brazil, Russia, India and China are increasing pressure on the demand for energy resources. The worldwide market for wind power will continue to grow during the next five years due to substantial worldwide governmental incentives for renewable energy investments and new stimulus money in various countries as the push for alternative energy continues.
While the market in Europe drives steadily forward, a major surge of activity is occurring on a global level. Specifically, the U.S., India, and China have moved forward at a rapid pace in expanding wind power capacity. Asia and the U.S. have witnessed exploding activities in wind power generation in the past couple of years. European suppliers for wind-turbine controls have been the primary beneficiaries of these activities.
In addition to the quantitative assessment of the wind turbine control systems market, the report provides an analysis of market and technology trends, and strategies of suppliers that will impact this business in the future. A brief description regarding the regional scenarios for each major world area is also covered in this report.
Filed Under: News