Wind Turbine Technology Market Growth Expected to Reach Worldwide Market
It all began with the humble windmill over 2,000 years ago in Persia (Iran), and by the end of the 19th century electricity was able to be produced by the use of wind turbine technology.
It’s taken us a long time to really start embracing wind turbine technology; there probably wasn’t enough money in it for the big companies and corporations to make any real initiatives in the market. ( Maybe I am
just being sceptical)
Over the course of the year, the global wind energy market has seen massive growth of around 20.6%, according to a report by Global-Data.
Whilst the growth of major wind power markets in places such as the US, Spain, France, and India are expected to slow down in coming years, it seems likely that emerging markets within Asia-Pacific and South/Central America will more than compensate for the loss.
The offshore wind power market is expected to take off in the near future, correlating with larger scale wind power projects becoming fully operational. At present, development is largely concentrated in Europe, accounting for over 3.2 gigawatts of offshore wind power capacity. Whilst this is a considerably large amount, offshore wind power only accounts for about 1.5% of the wind market at present. However, commercial offshore wind farms are currently in development, meaning capacity is expected to grow significantly, to approximately 52 gigawatts by 2020, representing about 7% of the total wind power market.
The growing popularity of offshore wind power is also having a positive impact on related markets. For example, the revenue of offshore turbine installation vessels increased by $140 million between 2006 and 2010, and is expected to reach $2,156.5 million by 2020. These vessels are an important part of larger offshore wind turbines, which explains their increasing demand. Around 12 new second-generation vessels are expected to be manufactured and installed in European seas by the end of 2013 to cater for the uptake of wind power.
Finally, the installed energy capacity of global wind energy has increased from 74,212 megawatts in 2006 to 238,351 megawatts at the end of 2011, with 40,714 megawatts coming online only last year. Taking into account the increasing investment from emerging economies, the installed capacity of global wind power will reach around 736,957 megawatts by 2020….
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I discovered this video on youtube, it’s quite amazing – really!
Is this the ultimate wind turbine technology?
www.altaerosenergies.com – First public video of the 35-foot-wide Airborne Wind Turbine. The scale prototype harnessed strong winds up to 350 feet high to produce over twice the power of traditional wind turbines. The prototype was tested in Limestone Maine by Altaeros Energies, a wind energy company formed out of MIT. The Airborne Wind Turbine uses a helium-filled, inflatable shell to ascend to higher altitudes where winds are more consistent and over five times stronger than those reached by traditional tower-mounted turbines. The automated lifting technology is adapted from aerostats, industrial cousins of passenger blimps that for decades have lifted heavy communications and radar equipment into the air for long periods of time. Altaeros is developing its first product to reduce energy costs by up to 65 percent by displacing expensive fuel used to power diesel generators at remote industrial, military, and village sites. See http To learn more, visit www.altaerosenergies.com or email email@example.com.
When you see this level of ingenuity, it makes you realize that this planet of ours might just have a reasonable chance of having a bright future.
I think wind turbine technology has a long way to go yet, but when you see some of the discoveries being made it is very uplifting (excuse the pun).
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