DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/592dfd/global_wind_turbin) has announced the addition of the "Global Wind Turbine Generator Market 2010-2014" report to their offering.
One of the key factors contributing to this market growth is the functional benefits of the wind turbine generators. The Global Wind Turbine Generator market has also been witnessing emergence of carbon emission trading. However, the possibility of failure of the wind turbine generators could pose a challenge to the growth of this market.
Key vendors dominating this market space include Vestas Wind Systems A/S, Sinovel Wind Group Company, GE Energy, and Goldwind Science & Technology.
Commenting on the report, an analyst from TechNavio's Clean Tech team said, The accuracy in predicting the wind is the most important factor driving the Wind Turbine Generator market. This predictability enables the wind power generating plant authorities to reserve and manage the wind power generation as per the prediction. In the modern day, the prediction of wind power is done in intervals of five minutes to one hour, wherein the prediction is done in advance up to 48-72 hours. Further, the wind blowing is also forecasted on a seasonal and annual periodic basis, in order to enable easier planning.
According to the report, one of the recent trends observed in the Global Wind Turbine Generator market is the in-house production of the wind turbine generators by the wind turbine manufacturers. All the parts of a wind turbine are manufactured by the company itself, instead of relying on external suppliers. This trend will enable the company to save costs, save shipping time, and also increase the expertise in the market as a whole by producing all the parts required. In-house production will also enable the company to standardize the products and thus gain more share in the market by reduced costs.
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