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Global Wind Energy Market has Grown Over 25% Annually Over the Last Ten Years
added: 2006-12-07

A growing sensitivity for the environment and depleting reserves of fossil fuels are all fuelling the growth of wind energy in the 21st century.

Wind energy is a rapidly growing market segment of the composites industry. It is the fastest growing energy sector. On average, the global wind energy market has grown over 25% annually over the last ten years. The wind energy market provides great opportunities to product manufacturers as well as material suppliers of the composites industry to expand their businesses. It consumes millions of pounds of composite materials every year. Wind turbines require the manufacture of large rotor blades, nacelles and other components using wet lay-up, VARTM, prepreg lay-up and other processes. The future of the wind energy market looks great to the year 2011 and beyond. A growing sensitivity for the environment and depleting reserves of fossil fuels are all fuelling the growth of wind energy in the 21st century.


Source: Business Wire

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