Wind Turbine Market in India 2014, New Report Launched

The latest market research report titled Wind Turbine Market in India 2014 mentions that renewable energy is gaining prominence within the country. Wind energy accounts for majority of the renewable energy generated in the country. With India facing continuous shortfall in the supply of energy required to cater to the demands of its growing population through conventional sources, the focus is shifting from conventional to renewable sources of energy.  As more and more wind power projects are being planned for this reason, the market for wind turbines is also expected to grow. Various other reasons such as high prices and the lack of easy availability of raw materials for generating electricity through thermal plants are also responsible for driving growth within the market. However, the government’s decision to withdraw various schemes that provided several incentives to wind energy producers in the past is having a negative impact on the market’s growth. Off-shore wind energy generation, hybrid generators such as solar photovoltaic, wind and diesel as well as the advent of small wind turbines are some of the key trends that are being witnessed in the industry at present.

Several government and industry bodies are working towards the development of the market and various policy and regulatory incentives are being provided to wind energy producers. However, the market remains import dependent. Majority of the players operating in the market are foreign companies and there is stiff competition among these players. The advancements in technology and the resultant reduction in costs will ensure that the market will grow steadily over the next few years.

Spanning over 124 pages, “Wind Turbine Market in India 2014”  report covering  the Macroeconomic Indicators, Introduction, Market Overview, EXIM, Drivers & Challenges, Trends, Regulatory Bodies, Competitive Landscape, Strategic Recommendation, Appendix.  The report covered 2 Public Companies - Suzlon Energy Ltd., The Tata Power Company Ltd. and 12 Private Companies -  GE India Industrial Pvt. Ltd., Vestas Wind Technology India Pvt. Ltd., Kenersys India Pvt. Ltd., Gamesa Wind Turbines Pvt. Ltd., Wind World (India) Ltd., RRB Energy Ltd., Global Wind Power Pvt. Ltd., Regen Powertech Pvt. Ltd., Winwind Power Energy Pvt. Ltd., Chiranjjeevi Wind Energy Ltd., Inox Wind Ltd., Leitwind Shriram Manufacturing Ltd.

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Grid Interconnections with Growing Renewable Energy Sources Expected to Drive Demand for Transmission Towers

There has been an increasing demand for electricity globally, mostly in emerging economies such as China, India, Eastern Europe and Latin America, due to the increased pace of industrial activity in these regions. Traditionally, the global Transmission and Distribution (T&D) markets were concentrated in the regions of North America and Western Europe. However, in recent years there has been a change in this trend, and the focus of activities in the global T&D market has shifted to the South-East Asian, South Asian, Eastern European and Latin American nations. This trend has developed for two main reasons: first, the low-cost advantage those companies can derive by shifting some of their operations to these countries; and second, the growing domestic demand in these emerging economies for increased industrial and commercial production. To meet the growing demand for power, countries will require increased investments in electricity infrastructure. Such growth in the installed capacity will require additional infrastructure investments for installing new T&D infrastructure, increasing the demand for transmission towers.

The installation of new T&D infrastructure depends upon the country’s economic growth. Many developing countries such as India and China have shown increased economic and population growth rates. To maintain the economic growth rate and to satisfy the electricity need of the rising population, the governments of these countries plan to invest in building energy infrastructure. The growth rate of new installations of T&D infrastructure has been slow in most developed countries. In these developed countries, new opportunities are expected to come from upcoming technologies, and the maintenance and replacement of old T&D infrastructure. This is particularly the case in North American and European markets, which have traditionally been the major markets for most T&D equipment manufacturing companies. With the rise of new and developing economies that are witnessing higher economic growth rates and lower labor cost, the growth of the T&D markets in developed countries is slow by comparison, having reached a state of relative maturation.

Emphasis on the commercialization of renewable energy across the world is expected to drive the growth of grid interconnections, leading to a growth in demand for transmission towers. Renewable energy resources are often found in far-off places where a transmission network does not exist. In the future, the expansion of transmission networks is expected to enable the transfer of electricity from power plants situated in remote areas to load centers, which will require the deployment of T&D infrastructure, including transmission towers.

Many countries are in the process of integrating their regional grids to form a nationwide grid. The idea is to have a seamless flow of electricity across the nation. The development of renewable energy has also given a further boost to grid interconnection. In European countries, work is in progress to form a single European grid among all European Union nations. Moreover, as the economies of Asian countries develop further, energy trade between them is expected to rise. In many countries the transmission networks are not reliable enough to transfer electricity from the growing number of power plants. The increased focus on renewable energy and grid interconnections is expected to increase the installation of T&D lines and thereby drive the demand for transmission towers.

The installation of T&D equipment including transmission towers is a basic requirement for every manufacturing unit and there are no substitutes for it in high-power industrial applications. The unique capabilities of T&D equipment and infrastructure, used for supplying power to machines, directly benefits industries, leading to capital spending and investment. This is one of the few reasons the markets have remained healthy despite economic problems and downturns in various regions of the world.

In the aftermath of the economic recession of 2008, the governments of the US and many of the countries in Europe and Asia-Pacific have committed more federal funds for investment in infrastructure projects such as new power grids, generation and T&D infrastructure. Many industries have been supported by federal and state governments through incentives and tax credits for capital purchases of energy-efficient equipment.

Powering this equipment requires it to be connected to the T&D network. Therefore, the huge investments committed by these governments are expected to percolate down, boosting the growth of the transmission towers market as well.

Read more about this report at: http://www.marketresearchreports.com/globaldata/transmission-towers-electric-power-2014-update-global-market-size-average-pricing

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Germany’s Plan to Shun Nuclear: Too Ambitious to Achieve, New Report Launched

Germany’s ambitious decision of phasing out nuclear power looks to be too ambitious to achieve. The country has yet to formulate an energy mix that can produce stable, reliable and affordable electricity to meet the growing energy demand as well as its meet emission reduction target. The country is investing heavily in renewable energies, increasing the share of renewable in the energy mix and this has caused an increase in electricity prices. Furthermore, due to the intermittent nature of renewable sources, the energy that they produce is not as stable and is of lower quantity than that which is produced by nuclear energy. Currently, coal and gas are being used to offset nuclear closure, which in turn is leading to higher carbon emissions.

Scope

• The report summarizes Germany's energy mix after nuclear phase out.
• Development of renewable energy and its impact on German economy.
• This report highlights the importance of coal in future and its implications.

Reasons to buy

• Identify various difficulties faced by Germany due to nuclear phase-out.
• Understand the role of renewable sources for electricity generation after nuclear phase-out in Germany.
• Understand the importance of coal in Germany's energy mix and its implications.

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Power Monthly Deal Analysis - December 2013: M&A and Investment Trends, New Report Launched

“Power Monthly Deal Analysis December 2013: M&A and Investment Trends” report is an essential source of data and trend analysis on the mergers and acquisitions (M&As) and financings in the power industry. The report provides detailed information on M&As, equity/debt offerings, private equity, venture financing and partnership transactions registered in the power industry in December 2013. The report portrays detailed comparative data on the number of deals and their value in the last six months, subdivided by deal types, segments and geographies. Additionally, the report provides information on the top financial advisory firms in the power industry.

Scope

• Analyze market trends for the power market in the global arena
• Review of deal trends in wind, fossil fuels, cogeneration, solar, hydro, biopower, geothermal, transformation technologies, energy efficiency, energy storage, energy infrastructure, and nuclear energy markets.
• Analysis of M&A, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships in the power industry
• Summary of power deals globally in the last six months
• Information on the top deals that took place in the power industry
• Geographies covered include – North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa
• League Tables of financial advisors in M&A and equity/debt offerings. This includes key advisors such as Morgan Stanley, Credit Suisse, and Goldman Sachs

Reasons to buy

• Enhance your decision making capability in a more rapid and time sensitive manner.
• Find out the major deal performing segments for investments in your industry.
• Evaluate the types of company divesting and acquiring assets and ways to raise capital in the market.
• Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the power industry.
• Identify growth segments and opportunities in each region within the industry.
• Look for key financial advisors where you are planning to raise capital from the market or for acquisitions within the industry.

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Wind turbine rotor blades market to reach $3.7 billion by 2020 according to new report

China will remain the leading global consumer of wind turbine rotor blades over the coming years, with its market value expected to increase from almost $2 billion in 2012 to $3.7 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 8.2%.

The latest report states that China boasted the top wind rotor blade market in 2012, followed by the US and India. China and the US installed 23,261 and 20,182 rotor blades, respectively, and together contributed to more than 65% of global installations. India followed with 3,306 blades, contributing to 5% of the total.

Perhaps unsurprisingly, given the size of the market, China also proved to be a major manufacturing hub of wind turbine rotor blades. Working within what is currently the largest wind power market in the world, China’s manufacturers, supported by government subsidies and favorable policies, produce approximately 25% of the world’s rotor blades.

Leading analyst of this report, states: “Increasing levels of wind power generation have given the wind turbine and component manufacturing industry a significant boost over the past years, and have caused it to spread geographically. We now expect the global wind power market to demonstrate further steady growth over the coming years, with annual turbine installations to increase from 48.3 GW in 2014 to 61.4 GW by 2020.

“While European nations such as Denmark, Germany and Spain have been pioneers in this industry, a major shift to the Asia-Pacific region has occurred, particularly in China, India and Vietnam. This can be attributed to the availability of low-cost labor in the region, as well as government support for the local turbine and component manufacturing industry.”

To stabilize the country’s increasing power demand and resulting carbon emissions, the Chinese government has set goals to generate 15% of electricity from renewable sources and reduce CO2 emissions by 40–45% by 2020.

Analyst concludes: “With these goals in mind, the government decided that wind power was the most viable energy source among all alternative sources, leading to the country’s ongoing dominance in the wind turbine rotor blade market.”

This report provides insights into the global wind rotor blade market. It explains the key drivers and challenges impacting the market, along with data regarding historic and forecast growth of the market, average prices, market segmentation and competitive landscape, globally and in key wind power countries – Germany, Spain, the UK, the US, Canada, China and India.

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US to Lead Heat Recovery Steam Generator Market Growth in Future According to New Report

The value of the global Heat Recovery Steam Generator (HRSG) market was estimated at more than $3.2 billion in 2013, having increased from $2.5 billion in 2006. The global market registered fluctuating growth during the period from 2006 to 2013, reaching peaks in 2006 and 2011 due to the high capacity additions made by gas-fired and coal-fired plants. During the forecast period from 2014 to 2020, the market is expected to register steady growth. The US and China are some of the major markets, accounting for a combined share of more than half of the global HRSG market.

Heat Recovery Steam Generator Market to Register Substantial Growth

The increasing global demand for electrical power and the simultaneous increase in environmental concerns and legislation are expected to be major drivers for the HRSG market in future. In the current global power market, focus is being placed on issues related to climate change in order to meet government-mandated environmental targets and reduce dependency upon imported energy. Global market participants have recognized the profound need for sustainable development through a well-balanced energy portfolio inclusive of energy-efficient technologies Combined-Cycle Gas Turbines (CCGT) are believed to offer a solution for these energy-related issues. Moreover, international agreements such as the Kyoto Protocol have altered the outlook for coal-fired generation with a view to reducing the level of harmful emissions being released into the earth’s atmosphere. Coal is the world’s most utilized source for power generation, as well as being the most carbon-intensive. The stringency of new regulations for companies generating power from coal has resulted in the growth of the market for HRSGs, which are used in CCGT plants. These rules and regulations are expected to drive the market in the long term, as they are expected to become increasingly stringent.

In addition, demand for higher efficiency and larger government incentives and rebates are also expected to augment market growth, as is the increase in economic activity around the globe, especially in countries such as India and China.

The US is by far the largest market for HRSG equipment globally, and is expected to continue to dominate throughout the forecast period. The value of the market increased from $423m in 2006 to $546m in 2013 at a CAGR of 3.7%. The recent discovery of shale gas in the US has increased the domestic production of natural gas and resulted in all-time-low gas prices. This has encouraged utilities in the country to switch to economical gas-fired generation from coal-fired generation, as coal prices remain high due to high demand in international market. On the other hand, some utilities have opted for combined-cycle coal-gas plants. The high availability of shale gas reserves, as well as the imposition of stringent exhaust emission norms for diesel, is expected to drive the market for HRSGs in the country, and this trend is expected to continue throughout the forecast period.

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Brazil’s smart meter market revenue to reach from $36m in 2013 to $432m by 2020 according to new report

Due to expected infrastructure development prior to the FIFA World Cup, Brazil’s smart meter market revenue will increase more than tenfold, from $36m in 2013 to $432m by 2020, at an impressive Compound Annual Growth Rate (CAGR) of 43%.

According to the latest report, Brazil is leading the way in terms of smart grid investment and development in South America. The main market drivers are the need to upgrade grid reliability and power outages, as well as to improve the integration of renewable energy generation into the system, reducing per-capita power consumption.

Additionally, with power theft reaching as high as 20% in some Brazilian regions, local utilities are currently pursuing investments in smart meters, as the technology provides a simpler way for companies to track such activity.

Leading analyst of this report says: “Brazil’s National Electric Energy Agency (ANEEL) was expected to mandate the roll-out of smart meters in the country to achieve its objective of better energy efficiency. However, the agency simply defined a set of rules and norms, which indirectly requires the roll-out of smart meters by utilities instead.

“Furthermore, ANEEL has introduced a policy requiring utilities to supply precise geographic information regarding the location of cables, transformers and customer metering points. It is also planning to implement a net metering system, which would enable customers to connect their micro-generation system to the Brazilian power grid with ease.”

However, major market restraints remain in the region, such as bureaucracy and non-transparency, which could harm the protection of investor interest and the enforcement of contracts, according to research.

This report provides analysis of the North and South American smart grid markets. It also provides information on key equipment such as microgrids, synchrophasors, Supervisory Control and Data Acquisition (SCADA), and renewable energy in some of the major countries in the region, along with regional-level analysis for each type of equipment.

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