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MarketsandMarkets: Global Wind Turbine Market Will Reach $73.5 Billion With Installed Capacity Of 434.5 GW Globally Including 99.3 GW in China by 2015

DALLAS January 25, 2011 $73.5 billion

Increasing prices of non-renewable energy sources, growing energy consumption especially from emerging countries, pro-wind regulatory environment for wind projects and increases in utility scale wind energy generation farms have put the world at 159 GW installed capacity at the end of 2009. Investments in wind energy, new trends of technological improvements and increased focus towards offshore wind potential made the industry grow at a compound annual growth rate (CAGR) of 6% in per year installations and 17% in cumulative installed capacity between 2010 and 2015.

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