Rockville, Md., April 13, 2010 – According to MarketResearch.com’s new report “Analyzing Trends in the Global Wind Power Industry,” wind energy will keep on developing this year.
Today a single modern wind turbine annually produces 180 times more electricity and at less than half the cost per kWh than its equivalent of 20 years ago.
The future looks bright for wind energy and in the next 10 years, it is set to emerge as one of the fastest growing segment within the energy industry, according to the report.
By the end of 2017, it is estimated that over 718,000 MW of wind power will be installed, and the U.S. and China would be leading from the front.
A strong wind energy sector does not only mean reduced greenhouse gases, cleaner air and secure biodiversity.
It also means sustainable economic growth, reduced energy import dependence, high quality jobs, technology development, global competitiveness and industrial and research leadership – and with wind being in the rare position of being able to satisfy all these requirements, it is not surprising that more and more countries are actively looking at this clean source of renewable energy.
Historically, the European region has been leading the world in wind energy technology, but though currently it leads wind energy development worldwide, this lead has reduced in recent years as other regions of the world are discovering the economic potential of the technology.
This research report also takes a look at the economic feasibility of wind power, and the increasing employment statistics of this industry. Market strategies, future trends, industry highlights and developments, constraints in the industry, are some of the highlights included in the report Analyzing Trends in the Global Wind Power Industry.