WORLD WIND FORECAST IS GROWTH

Turbine market worth $96bn by 2016
John McKenna, 5 January 2012 (Windpower Monthly)

"The value of the global wind turbine market is expected to reach $96 billion by 2016, according to research published by [Lucintel]…[Their report predicted] turbine market value will experience a compound annual growth rate of 12% between 2011 and 2016."

"...Growth Opportunities in Wind Energy Markets 2011–2016 estimates that the total installed global capacity will be 568GW by the end of 2016. Asia is expected to remain the leader in wind-energy installations, with China and the US expected to continue to top the list in new turbine installations."

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"Portugal, France, Italy, the UK, Ireland, and the Netherlands are also expected to continue steadily adding capacity [driven by concerns over climate change, crude oil prices, and increasing energy demand].

"…[Wind turbines have evolved rapidly and decades of research and development have resulted in lower wind energy prices making wind energy competitive with fossil-based fuel energy prices]…[C]omposites consumption in the wind market is expected to witness a healthy growth over the forecast period and reach $5.5bn in 2016…"