1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

India Wind Turbine Market Outlook–Huge Untapped Wind Potential and Energy Shortage Fueling Growth

Netscribes, Inc. launches a report on Wind Turbine Market in India 2014 covering a market with strong growth potential. It is a part of Netscribes’ Energy and Utilities Industry Series.

 
PRLog - Mar. 12, 2014 - MUMBAI, India -- Global market intelligence firm, Netscribes, Inc. released its latest report on the ‘Wind Turbine Market in India 2014’. The huge untapped wind power potential of India and its energy deficiency is helping in the growth of the wind turbine market in the country. The market is forecasted to exhibit steady growth over the next five years.

Netscribes’ latest market research report titled Wind Turbine Market in India 2014 mentions that renewable energy is gaining prominence within the country. Wind energy accounts for majority of the renewable energy generated in the country. With India facing continuous shortfall in the supply of energy required to cater to the demands of its growing population through conventional sources, the focus is shifting from conventional to renewable sources of energy. As more and more wind power projects are being planned for this reason, the market for wind turbines is also expected to grow. Various other reasons such as high prices and the lack of easy availability of raw materials for generating electricity through thermal plants are also responsible for driving growth within the market. However, the government’s decision to withdraw various schemes that provided several incentives to wind energy producers in the past is having a negative impact on the market’s growth. Off-shore wind energy generation, hybrid generators such as solar photovoltaic, wind and diesel as well as the advent of small wind turbines are some of the key trends that are being witnessed in the industry at present.

Several government and industry bodies are working towards the development of the market and various policy and regulatory incentives are being provided to wind energy producers. However, the market remains import dependent. Majority of the players operating in the market are foreign companies and there is stiff competition among these players. The advancements in technology and the resultant reduction in costs will ensure that the market will grow steadily over the next few years.

Contact
Gaurav Kumar
***@netscribes.com

--- End ---

Click to Share

Contact Email:
***@netscribes.com Email Verified
Source:Netscribes.Inc
City/Town:Mumbai - Maharashtra - India
Industry:Energy
Tags:wind turbine, Market, india
Shortcut:prlog.org/12294326
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share