DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "United States Wind Energy Market Outlook to 2021" report to their offering.
One of the major factors driving the wind power market is the growing power need. The cost of wind energy, especially from onshore wind farms is on the decline, which has made wind power an attractive option for governments aiming for emission reductions. Cutting down emissions has become a matter of utmost importance today, and this has motivated various governments to set emission reduction targets, which will help the growth of the wind power industry.
Abundant availability of fossil fuels is one of the main factors restraining the growth of this market. The investment and space requirement needed for a wind farm that generates the same amount of electricity as a conventional power plant is much higher, and this dissuades investors. The intermittent nature of wind power also makes it unreliable. However, wind power technology is fast progressing, thus becoming cheaper. Developments in power storage technologies will also help solve some of the drawbacks associated with wind power.
Factors like escalating demand for renewable energy, favourable government policies and decreasing cost of equipment as a result of increasing market size, and innovations in financing, are driving the wind power equipment market. On the flip side, high initial costs, unpredictable nature of wind, low wind energy penetration ratio and capacity factors, are hampering the market.
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Markets Dynamics
5. PESTLE Analysis
6. The United States Wind Power Market Analysis, by Location
7. The United States Wind Power Market Analysis, by Technology
8. Company Profiles of Key Players
9. Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/7zskdw/united_states
Related Topics: Wind Power