Dec 10 2010
The Recent ReportLinker report predicts that world wide markets for turbines and turbine-based products such as generators, engines and generator sets will witness an increase of 5.6% per year by 2014 to an estimated value of $135 billion.
Most of the growth will be fuelled by the wind turbine sector, which constantly outperformed the estimated growths during the 2004 to 2009 period. In 2009 alone around 44 GW new capacities were added to the wind power generation all over the world despite the prevailing low economy and recession conditions. Among all the countries, China has almost doubled its wind power installed capacity in 2009 and the United States followed it. The report also estimates that the demand for the aircraft turbines will also go up due to the increased demand from thickly populated countries such as India and China. The demand will meet the growing military and commercial applications of the countries.
The report estimates that China will continue to lead the world wind market through 2014 though it will be lesser than the 30% per year growth achieved by the country from 2004 to 2009. The Asia Pacific regions will improve its present growth of 28% to 30% during the period. The report anticipates more growth in Central and South America and Africa and Mid East locations although the combined growth may meet only 9% of the global turbine and related products requirement in 2014. The U.S is anticipated to witness a growth of 3.4% along with the Western European countries through 2014. The US witnessed its maximum sales during 2009 so is the fully grown West European wind sector. According to the report, Denmark meets nearly 20% of its energy requirement from Wind energy, while it is 14% in Spain and closely followed by Portugal with 11%. Germany receives 8% of total energy from wind resources while the U.S. receives only 2.5% of its total power requirement from wind energy resources.
The study while providing the previous demand data for the years 1999, 2004 and 2009 also provides estimates for the 2014 to 2019 period on turbine products and usages for 22 countries in various regions of the world. The report also studies various market setting factors, appraises the market shares and profiles of select companies and their competitors which includes Alstom, Siemens and General electric.