World Wind Power Market Will Witness Fastest Growth In Industrial Application Segment From 2014 To 2020: Grand View Research, Inc - WSFA.com Montgomery Alabama news.

World Wind Power Market Will Witness Fastest Growth In Industrial Application Segment From 2014 To 2020: Grand View Research, Inc

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New Market Research Reports Title Global Wind Power Market Analysis Size And Segment Forecasts To 2020 Has Been Added to GrandViewReseach.com Report Database. View Full report with TOC - http://www.grandviewresearch.com/industry-analysis/wind-power-industry.

San Francisco, California (PRWEB) August 27, 2014

The global cumulative installed capacity for wind power is expected to reach 760.35 GW by 2020, according to a new study by Grand View Research, Inc. Favorable regulatory scenario with a view to reduce carbon footprints is expected to be a key driving factor for the market. Governmental support in the form of tax benefits and financial incentives across various nations including the U.S., China, UK, Italy, Spain, India and Brazil has given a boost to the overall market, due to which wind power has been gaining a considerable amount of market share in the overall electricity generation.

Industrial applications dominated the global wind power demand, accounted for over 40% of the total market in 2012. Along with being the largest market, industrial applications are also expected to be the fastest growing, at an estimated CAGR of 13.3% from 2013 to 2020. Growing industrial production in India, China and Brazil, is expected to result in a surge of energy consumption and have a positive impact on wind power generation industry. Other sectors where wind power is being used include residential and commercial heating/lighting applications.

The report Wind Power Market Analysis And Segment Forecasts To 2020, is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/wind-power-industry.

Request Free Sample of This Report at http://www.grandviewresearch.com/industry-analysis/wind-power-industry/request

Further Key findings from the study suggest:

  • Europe emerged as the leading market for wind power with a cumulative installed capacity of 109.80 GW of the total market in 2012. Europes framework legislation and its target to reduce carbon footprints by 2020 are expected to ensure continuous growth of wind power market in the region
  • Germany, UK, Italy, Spain and France represent some of the leading markets in Europe. However, huge investment opportunities exist in the Eastern European countries such as Russia, Ukraine etc.
  • Owing to rapid strides taken by India and China to develop wind power generation, Asia Pacific is expected to overtake Europe to lead the global market by 2020. Asia Pacific accounted for 35.6% of the total installed capacity in 2012. Wind power accounted for a 2% of the total electricity produced in China up from 1.5% in 2011.
  • North America emerged as the third largest wind power market in 2012. Extension of Production Tax Credit as a part of fiscal cliff package by the U.S. Congress is expected to be a key factor driving the regional market for wind power. The U.S. saw a record number of capacity addition in 2012 as wind power emerged as the largest source of new electricity generation by accounting more than 40% of new capacity added.
  • Some of the key companies operating in the global wind power market include GE Wind, Vestas, Siemens Wind Power, Enercon, Suzlon Group, Gamesa, Goldwind, United Power, Sinovel and Mingyang.

Browse All Reports of This Category by Grand View Research at http://www.grandviewresearch.com/industry/renewable-energy

For the purpose of this study, Grand View Research has segmented the global wind power market on the basis of application and region:

  • Wind Power Application Outlook,
         Industrial
         Residential
         Commercial
  • Wind Power Regional Outlook,
         North America
                 U.S.
         Europe
                 UK
                 Spain
                 Germany
                 France
                 Italy
         Asia Pacific
                 India
                 China
                 Japan
         RoW
                 Brazil

Browse All ongoing Reports by Grand View Research at http://www.grandviewresearch.com/ongoing-reports

About Grand View Research

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales(at)grandviewresearch(dot)com

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