Wind Turbine Converter Market to Increase through 2021, Predicts Gen Consulting Company in Its In-demand Study Available at MarketPublishers.com16 Dec 2016 • by Natalie Aster
LONDON – Nowadays, demand for renewable energy is gaining traction at an impressive swift pace. Wind power is one of renewable energy sources, which is non-dispatchable owing to its fluctuating nature. This form of electricity can’t be directly connected to a transmission system as its frequency varies; on the contrary, it must be corrected such that its frequency is constant. Thus, for this power converters are used, which results in the de-coupling of the wind turbine from the transmission system. As more wind turbines are included in a country’s power system, the inertia is decreased. Therefore, the frequency of the transmission system is more considerably affected by the loss of a single generating unit.
The worldwide market for wind turbine converters is expected to follow the upward trajectory in the offing, registering growth at a healthy CAGR through 2021.
The key participants in the world’s wind turbine converter market comprise Vestas, Ingeteam, ABB, Gamesa, Simens, Enercon, GE, Etechwin, Hopewind, Woodward, to name a few.
Topical research study “Global Wind Turbine Converter Market Outlook 2016-2021” prepared by Gen Consulting Company is a great source of trustworthy information on the current situation in the worldwide market for wind turbine converter. It provides a close-up review of the market performance, uncovers info on historical background during 2011-2016, canvasses the market dynamics, provides details on the market growth drivers, constraints, market strategies and recent events in the market. Additionally, the report pays special attention to the Chinese wind turbine converter market scenario, providing vital info on new projects, recent developments, investment prospects, growth opportunities and emerging trends. Furthermore, the report includes detailed profiles of the Chinese and world companies and provides info on their shares, key technological developments and strategies in the recent times. Future forecasts for the wind turbine converter market through 2022 are provide here.
For other market research reports drawn up by this publisher, please follow to the Gen Consulting Company page.