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New Research: Global Utility Scale Wind Turbine Market Poised to $130 Billion Till Year 2016

Market Research Store releases a new market research report "Global Utility Scale Wind Turbines Market 2010 Forecast to Industry Size, Shares, Strategies, Trends, and Growth 2016" to add to its collection of research reports.

 

Deerfield Beach, FL -- (SBWIRE) -- 12/28/2015 -- Utility scale wind turbine markets at $35.6 billion in 2009 are anticipated to reach $130 billion by 2016. The enormous size of the existing market gives a significant market thrust going forward, because the major vendors and their customers have access to capital markets. This access is needed to achieve the significant growth that will be achieved as wind and solar energy replace the fossil fuel industry. Only natural gas will compete with the renewable sources of energy for utilities as new capacity is put in place and aging existing facilities are retired, to be replaced with more modern facilities.

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The wind turbine renewable energy accounted for 62% (17 GW) of the new electricity generation capacity installed in the European Union (EU) in 2009. Rural economic development has had a focus on wind generated electricity. Wind turbines contribute to energy price stability. Wind generated energy helps address global climate change.

Every energy technology is supported by federal governments. Wind energy is gaining increasing recognition that a higher proportion of subsidies are needed as leaders begin to realize the need for a sustainable energy policy. The visibility into the oil drilling companies brought by the BP oil spill has had what promises to be a long term impact on the market.

The availability of hydrogen storage and electricity generation in the form of stationary fuel cells that work in campus and substation environments is going to impact wind generated electricity. Hydrogen turns out to be a good way to store excess electricity generated by wind.

The US the government accountability office (GAO) looked at federal incentives for electricity between Fiscal Year (FY) 2002 and FY 2007 and noticed that tax expenditures largely go to fossil fuels. About $13.7 billion was provided to fossil fuels and $2.8 billion to renewables. With the BP oil spill in the Gulf of Mexico, this policy ratio is likely to change, tilting more toward renewable energy. Wind is the most economically viable of the renewable energy sources.

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Table Of Content

UTILITY SCALE WIND TURBINE

EXECUTIVE SUMMARY
Wind Turbine Market Driving Forces
Wind Turbine Market Shares
Wind Turbine Market Forecasts

1. UTILITY GRADE WIND TURBINE MARKET DESCRIPTION AND DYNAMICS
1.1 Wind Farms Set To Become More Common
1.2 Benefits of Wind Power for Utilities
1.3 Wind Power Variable Nature
1.3.1 Cost to Integrate Wind Power
1.3.2 Key Benefits Utilities Are Realizing with Wind Power

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