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Technavio: Improvements in Grid Efficiency Promoting Adoption of Power Electronics in Wind Turbines
Research conducted by Technavio reveals that the global power electronics in wind turbine systems is expected to grow at a CAGR of 9 percent.
“Power electronics in wind turbines have been effectively helping in synchronizing flow and managing local reactive power. Additionally through these power electronic devices several improvements can be achieved in the power generation thus leading to an overall improvement in the efficiency of the grid. As a result power electronics in wind turbines is fast becoming popular," reports Technavio analyst.
In spite of the need, high cost of components hinders the growth of this market. However, the growth in off shore wind turbines is expected to be a major market driver promoting growth.
The global power electronics in wind turbines market is marked by the dominance of Chinese companies.
The report, Global Power Electronics in Wind Turbines Market 2010-2014, is based on an extensive research from inputs by industry experts, vendors and end-users. It examines the factors- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT Analysis.
Companies mentioned in this report include: Vestas, GE Wind Energy, AMSC, Enercon and Semikron
Infiniti Research: Global Power Electronics in Wind Turbine System Market 2010-2014:
Infiniti Research: Further Market Surveys:
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