Group items tagged

The huge untapped wind power potential of India and its energy deficiency is helping in the growth of the wind turbine market in the country. Research on wind turbine market reveals that the market is forecasted to exhibit steady growth over the next five years. 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.

Several government and industry bodies are working towards developing the market and wind energy producers are being provided various incentives. Majority of the players operating in the market are foreign companies and there is stiff competition among these players.