Taiwan wind power market, which is estimated to be USD XX billion in 2016, is expected to grow to USD XX billion by 2021, at a CAGR of XX percent.
Escalating demand for renewable energy, favourable government policies and decreasing cost of equipment has helped the rise of wind energy market size and is driving the wind power equipment market. The growing power demand and the cost of wind energy, especially from onshore wind farms is reducing due to the increase in the installations across the globe. This has made wind power an attractive option for governments wanting to cut down emissions.
The major restraining factor for the wind energy is the availability of fossil fuels. The investment required is high and the power generation is comparatively low compared to the conventional sources. Also, the intermittent nature of wind power makes it unreliable. However, wind power technology is fast progressing, and thus becoming cheaper and the developments for various wind systems like power storage technologies are increasing, which helps in the growth of the wind power market.
Taiwan wind power market report comprehensively analyses the market by segmenting it based on location (onshore and offshore) and technology of the wind turbines (horizontal axis wind turbine market and vertical axis wind turbine market). Key drivers and restraints that are affecting the growth of this market are also discussed in detail. This report also has key project information, which includes both pipeline and upcoming projects. The study elucidates on the competitive landscape and key market players (domestic and foreign) as well.
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