Wind Turbine Market in India 2015-2019
About Wind Turbines
Wind turbine converts kinetic energy of the wind into mechanical energy or electricity. The wind turns two or three propeller-like blades around a rotor. The rotor is connected to the main shaft, which spins a generator to produce electricity. The amount of the power produced depends on the speed of the wind and the number and size of wind turbines. Wind turbines are usually grouped together into a single wind power plant known as wind farm. Bulk electricity is generated in these wind farms, which is transmitted through the grid and distributed to the consumers. Wind turbines can be built on land or offshore in large water bodies such as oceans and lakes. Wind energy is one of the cheapest and cleanest sources of electricity. Unlike the fossil fuels such as coal, oil and gas, wind plants do not generate pollutants or greenhouse gases. Wind power offers various advantages:
Technavio Announces the Publication of its Research Report – Wind Turbine Market in India 2015-2019
Technavio recognizes the following companies as the key players in the Wind Turbine Market in India: Gamesa Wind Turbines, Inox Wind, Suzlon Energy, Vestas Wind Systems and WinWinD
Other Prominent Vendors in the market are: Chiranjeevi Wind Energy, Enercon, GE Wind, Global Wind Power, Inox Wind, Kenersys India, Pioneer Wincon and RRB Energy
Commenting on the report, an analyst from Technavio’s team said: “The launch of new wind power projects has enhanced employment opportunities in the country. The wind power industry hires people with specialized skills to develop wind power projects. Metal works, shipbuilding, civil works, and electrical manufacturing are some of the specialized fields of expertise that are required to construct a wind turbine. The increased number of wind power projects has increased job opportunities in the abovementioned work areas. Therefore, the employment rate in this industry will grow in the next 10 years.”
According to the report, increased energy demand and the need to reduce dependence on fossil fuels favor the growth of the market in India. Favorable government policies and incentives to promote the development of wind energy play a significant role in boosting market growth.
Further, the report states that unavailability of land at potential sites and lack of proper transmission infrastructure in the country restricts the growth of the market.
Gamesa Wind Turbines, Inox Wind, Suzlon Energy, Vestas Wind Systems, WinWinD, Chiranjeevi Wind Energy, Enercon, GE Wind, Global Wind Power, Inox Wind, Kenersys India, Pioneer Wincon, RRB Energy