![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]()
New York NY (SPX) Feb 06, 2009 In light of rising interest in developing domestic renewable energy resources, such as wind, that are cleaner and are not subject to the fuel price shocks, demand for wind turbine systems and components is expected to increase 6.8 percent per year to $10.1 billion in 2012. Gains will also be driven by renewable portfolio standards at the state level, as well as continued political will to support incentives that help make wind energy more cost competitive. Furthermore, this industry benefits from a relatively established manufacturing process, although continued technological development will make wind energy more competitive in a growing number of areas with lower wind speeds and in offshore installations.
Utility-scale applications to remain dominant Most wind turbine sales in the US will be for on-shore applications through the 2017; however, a growing number of turbine systems will be installed for off-shore applications, particularly in the northern Atlantic waters and the Great Lakes, through the forecast period. This advancement will be driven in part by the establishment of state and federal regulatory schemes, and technological improvements that enable installation in a wider range of locations.
Rotor systems to post stronger value sales gains However, the value sales of rotor systems will post stronger gains in light of the use of increasingly long blades made of highervalue materials that are stronger and lighter than previous generations.
Less established wind energy regions to grow faster As of 2007, the West South Central subregion accounted for the largest share of sales with 33 percent, driven by the high level of installed wind energy capacity in Texas and Oklahoma. However, subregions with less established wind energy markets are expected to post stronger gains through 2012.
Study coverage Share This Article With Planet Earth
Related Links ind Turbine Systems and Components Market in the US Powering The World in the 21st Century at Energy-Daily.com
![]() ![]() In 2008, more wind power was installed in the EU than any other electricity generating technology. |
![]() |
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |