Growing Energy Demand Will Increase the Wind Turbine Market in India Through 2019: Technavio
04 July 2015 - 1:35AM
Business Wire
Technavio has published a new report on the wind turbine
market in India, which is expected to grow at a CAGR of more
than 13% from 2015-2019.
About the Report
The new Technavio report indicates that India is the fourth
largest energy consumer in the world, driven by its increasing
population, rapidly growing economy, and improving standard of
living. Hence, energy security is important for maintaining
substantial economic growth.
“India is diversifying its fuel mix and increasing the share of
renewable energy, with wind power generation potential being the
highest. Such strong wind resource potential and the high demand
for energy will enhance the growth of the wind turbine market in
India,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes the launch of new
wind power projects, which has enhanced employment opportunities in
the country.
“The increased number of wind power projects has increased job
opportunities in work areas such as metal works, shipbuilding,
civil works, and electrical manufacturing,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth
prospects of the wind turbine market in India from 2015-2019. The
market size is calculated based on the installed capacity of wind
power.
Key Information Covered in the Report:
- Key Vendors:
- Gamesa Wind Turbines Pvt Ltd.
- Inox Wind Ltd.
- Suzlon Energy Ltd.
- Vestas Wind Systems AS
- WinWinD Pvt. Ltd.
- Market Growth Drivers:
- Growing Energy Demand and Need for
Energy Security
- For a full detailed list, view our
report.
- Market Challenges:
- Inconsistent Generation Capacity
- For a full detailed list, view our
report.
- Market Trends:
- Increased Employment Opportunities
- For a full detailed list, view our
report.
Technavio currently has more than 3000 market research
reports on a huge range of topics, including 300+ reports on the
wind turbine market:
- Global Wind Turbine Gearbox Market
2015-2019
- Global Small Wind Turbine Market
2014-2018
If you are interested in more information, please contact our
media team at media@technavio.com.
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Technavio ResearchJes EllacottUS: +1-630-333-9501UK: +44 208 123
1770Media & Marketing
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