| One of the most important sources of energy | | | | many nations, the proportion of power |
| for the twenty-first century is wind power. | | | | produced by wind energy is now being |
| Wind energy is considered to be the most | | | | considered to be a challenger to the |
| valuable renewable power sources to meet the | | | | conventional forms of fuel energy. The wind |
| growing worldwide energy demand and | | | | energy's outlook remains favorable due to the |
| environmental challenges. Wind energy has | | | | economic competitiveness of the technology, |
| witnessed continuous growth over the past ten | | | | rising demand for power, and efficient |
| years, and is increasing at the rate of about | | | | renewable power policies embraced in numerous |
| 20%. Wind energy is very environment friendly | | | | markets. The future scenario of the wind |
| and it makes use of renewable source of | | | | power market is bright. By 2010, the |
| energy. The growing demands for energy and | | | | worldwide installed capacity for wind power |
| environmental challenges are the key driving | | | | generation is estimated to reach around |
| forces for the adoption of wind power. The | | | | 120,000 MW. As market for wind energy mounts, |
| worldwide wind power market has been growing | | | | the number of wind power projects is expected |
| more rapidly than any other renewable energy | | | | to increase. Wind power market will see |
| source. It is considered as the best source | | | | consolidation as the large wind farms may |
| of renewable energy. The international market | | | | ultimately acquire the smaller ones. For |
| for wind power is expected to witness a | | | | further information on Wind Energy Market, |
| yearly turnover of more than € 13 | | | | read the report "Global Wind Energy Market |
| billion in 2006, with around 150,000 people | | | | (2006)" published by RNCOS at: RNCOS is an |
| employed globally. The wind energy industry | | | | industry leader in the field of online |
| has fascinated millions of investors from the | | | | business research. We specialize in industry |
| traditional and mainstream energy sectors. In | | | | research on various business verticals. |