Carrollton, Texas (PressExposure) June 28, 2011 -- China's wind power energy market has grown-up quickly through the last six years and is expected to arrive at 158 GW by 2016 with a CAGR of 20% over the next five years. Different reasons are likely to make the wind energy market in China. Government support and generation-based incentives for renewable power energy sources, increasing electricity requirements and Clean Development Mechanism support from the UN all are expected to boost China's wind market.
Lucintel, the leading global management consulting and market research firm, has analyzed the Chinese wind energy market and makes its findings available through a complete research report, "Growth Opportunities in Chinese Wind Energy Market 2011-2016."
The fast speed of wind energy holds huge opportunities for different stakeholders in China. China outpaced the US and appears as the largest market for wind power capacity in 2010. China has been around 44.7 GW of installed wind power capacity and intends to achieve 230 GW by 2020.
Wind turbine blades are generally prepared of composites because of the outstanding mechanical properties and simplicity of designing. Composites utilization in the Chinese wind market was something like 488 million pounds in 2010. Lucintel estimates that composites utilization is will achieve 542 million pounds by 2016.
The wind MRO market closely follows the increase of the wind energy market. China's market for MRO services was an likely $683 million in 2010. Based on Lucintel's analysis report, it determined that the growing popularity of wind energy (increases in installation and operational costs) and larger turbine sizes (specific MRO techniques required) will make the future cost of MRO services.
This Lucintel analysis research report gives insights about current industry trends and future opportunities also threats. In further, the report addresses the market share of major players, supply chain analysis, composites consumption, and MRO activities in China's wind energy market.
For a detailed table of contents and pricing information on this timely and insightful report, please contact Lucintel at +1-972-636-5056 or via email at firstname.lastname@example.org. Lucintel provides cutting-edge decision support services that help you make critical decisions with greater speed, insight, and cost efficiency. To find out more, please visit http://www.lucintel.com.
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