Increased Investments in Renewable Energy Drives the Wind Turbine Rotor Blades Market, According to a New Trend Report Published by Global Industry Analysts, Inc.
San Jose, California (PRWEB) January 23, 2014 -- Follow us on LinkedIn – Wind turbine rotor blades are one of the most essential components of wind turbines. These blades are used for absorbing the wind's kinetic power and subsequently converting the power into a rotational motion or mechanical energy, about a centralized hub. The mechanical energy can then be converted to electrical energy for generating electricity, chemical energy for hydrolyses or water desalination or the mechanical energy is itself used for water pumps. Market for wind turbine rotor blades is projected to witness growth driven by increased government funding of renewable power projects, growing energy consumption especially among developing nations, escalating costs of fossil fuel based energy, rising concerns over greenhouse gas emissions and the resulting need for sustainable alternate sources of energy. A large number of government-drafted support programs and funding schemes are expected to drive market penetration of wind power technology in the coming years.
The trend report titled “Wind Turbine Rotor Blades” announced by Global Industry Analysts Inc., is a focused research paper which provides cursory insights the product, its application, future prospects, and corporate initiatives of key companies worldwide. The report also provides global and Asia-Pacific market estimates and projections for Wind Turbine Rotor Blades in US dollars for years 2012 through 2017. Also covered are companies such as Acciona SA, Blade Dynamics Ltd., DeWind Company, General Electric Company, LM Wind Power Group, Modular Wind Energy, Nordex SE, Siemens Energy Inc., Tecsis Wind, and Vestas Wind Systems A/S, among others.
For more details about this trend report, please visit http://www.strategyr.com/TrendReport.asp?code=146081.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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