Global Fire Protection Equipment Market for Wind Power Systems 2017-2021
About Fire Protection Equipment Market for Wind Power Systems
The fire protection systems for wind power systems detect fire in wind turbines and initiate a process that automatically extinguishes the fire present in the wind power systems. Wind is one of the cleanest sources of power generation. The energy present in the wind turns the turbine blades around the rotor, which is connected to the main shaft that spins a generator to create electricity. A gearbox is an integral part of the wind turbine system, which is used to increase the rotor's rotational speed to match the generator speed. Gears in the gear box connect the low-speed shaft to the high-speed shaft. The rotational speed of the generator shaft is higher compared with the rotational speed of turbine blades. The gearbox in a wind turbine does not change gears; it maintains a single-gear ratio between the rotor and the generator. The gears convert low speed to high speed and high torque to low torque. This high-speed shaft generates electricity inside the generator.
Technavio’s analysts forecast the global fire protection equipment market for wind power systems to grow at a CAGR of 9.96% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global fire protection equipment market for wind power systems for 2017-2021. To calculate the market size, the report considers the fire extinguishers and fire alarms. It includes new installations and excludes replacement and aftermarket services.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fire Protection Equipment Market for Wind Power Systems 2017-2021
Technavio recognizes the following companies as the key players in the report title minus years: Firetrace, Minimax, Siemens, WAGNER Group, and Wärtsilä SAM Electronics.
Other Prominent Vendors in the market are: Bulldog Turbine Systems, Delta Fire, Interstate Fire Protection, and Levitt-Safety.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increase in wind turbine dimensions. Unlike conventional power plants, wind energy generation is highly dependent on meteorological conditions, especially wind speed. The maximum energy that can be harnessed by a wind turbine is roughly proportionate to the swept area of the rotor. Advances in technology and blade design are the main factors leading to the increase in wind turbine output and capacity. By just doubling the rotor size or diameter, the power output increases four-fold.”
According to the report, one of the major drivers for this market is rise in wind energy consumption. Countries worldwide are slowly shifting their focus toward renewable sources to produce power because of the depletion of conventional sources of energy and growing greenhouse gas (GHG) emissions. Wind power is considered to be the most efficient source of power generation among all renewable energy sources. It is also one of the most abundant sources of alternative energy. According to GWEC, China was the leading country in terms of cumulative installed wind power capacity, which was 168.69 GW in 2016, followed by the US with 82.18 GW. Increased endeavors in these countries to tap wind energy potential bode well for the overall market growth. The rising awareness regarding the benefits of wind energy is fueling the demand for the fire protection equipment in wind power systems as they can protect the turbines against fire.
Further, the report states that one of the major factors hindering the growth of this market is competition from fossil fuels. In 2016, the share of renewable energy in the global electricity production was 23%, and we expect it to increase to 26% by 2020. Fossil fuels, which have been dominating the global power generation since their discovery, accounted for around 67% in 2016. The share of wind power in global electricity production was 3.1% in 2016. Since 2001, the share of wind power in the global energy mix has been increasing steadily. However, it is still low considering the huge amount of electricity generated globally.
Firetrace, Minimax, Siemens, WAGNER Group, Wärtsilä SAM Electronics, Bulldog Turbine Systems, Delta Fire, Interstate Fire Protection, and Levitt-Safety.
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