Articles
Wind Turbine Composite Materials Market Size, Key Players and Future Scope
by Vijay K. Web MarketingDue to the rising enactment of stringent environmental regulations and policies, the adoption of renewable energy sources is increasing rapidly across the world. Globally, various organizations are formulating stringent standards aimed at mitigating the emission of greenhouse gases. This is boosting the popularity of clean energy sources such as wind energy. For example, in Germany, the Renewable Energy Sources Act has resulted in the implementation of fixed feed-in tariffs (FiTs) for various power utilities that are producing renewable energy.
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Besides the aforementioned factors, the rising environmental degradation and global warming are also contributing toward the soaring popularity of renewable energy sources such as wind energy across the world. This is driving the progress of the global wind turbine composite materials market. There are mainly two types of wind turbine composite materials used around the world namely resin and fiber. Between these, the usage of the fiber wind turbine composite materials was found to be the highest in the past.
The development of wind blades that deliver high power output is further boosting the demand for composite materials. Geographically, the sales of wind turbine composite materials are predicted to explode in the Middle East and Africa (MEA) region in the coming years, on account of the surging wind power production capacity of the region. The total installed wind power capacity in this region rose from 1.1 GW in 2012 to 2.5 GW in 2014.
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Therefore, it can be said with full confidence that the demand for wind turbine composite materials will skyrocket all over the world in the future years, mainly because of the rising adoption of wind energy for various commercial, industrial, and residential purposes in many countries.
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About Vijay K. 
Web Marketing
211 connections, 3 recommendations, 864 honor points.Joined APSense since, May 17th, 2016, From New York, United States.
Created on Apr 15th 2021 06:21. Viewed 223 times.
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