Abstract
This Report:
- Provides in-depth analysis of the wind and wave technologies markets
- Reviews domestic and international markets for wind and wave technologies
and forecasts the size and future growth of the markets, with forecasts
through 2012
- Describes various wave technologies including free oscillating water
columns, point aborbers or buoy systems, overtopping devices, surging devices
and pendular devices, and wind technologies including horizontal, vertical and
hybrid
- Addresses environmental effects including CO2 emissions and pollution, the
ecological footprint of the technologies, the impact on wildlife, and offshore
ocean noise, aesthetics and safety
- Discusses important manufacturers and factors influencing demand.
INTRODUCTION
STUDY GOALS AND OBJECTIVES
BCC' s goal in conducting this study was to determine the current status of the
global market for wind and wave energy and assess its growth potential over a
5-year period from 2008 to 2013.
Our key objective was to present a comprehensive analysis of the current wind
energy market combined with the upcoming wave energy market and understand
their future direction.
A chief goal of this study was to characterize and quantify the world markets
for large wind turbines on global, national, and local bases. Extensive
efforts were expended to fully characterize the political, economic,
environmental, and regulatory conditions at each level of geographic detail.
These influential factors were taken into account when developing 5-year
forecasts for the evolving large wind turbine markets. The business
environment for wind and wave energy is fully characterized to include local
and national legislation and financial incentives, the pertinent regulatory
regimes, and the environmental factors that are influencing a sustaining surge
in interest and investment in renewables.
REASONS FOR DOING THE STUDY
Wind power usage in the global economy has been growing at a significant
double-digit rate in the past few years and has generated considerable
interest in industry, government, and the public. Wave energy is hypothesized
to be several years behind wind energy but represents yet another emerging
renewable market. This study will take a closer look at energy from wind and
waves on the global scale. This report measures and forecasts the global
market for wind energy and wave energy. Key granular global breakdowns are
given for the following regions:
- North America
- Europe
- Asia
- Latin America
- Africa and the Middle East
- Pacific Region
- Rest of World
INTENDED AUDIENCE
This study will be of interest to manufacturers of wind turbines and wave
energy devices, and the various component and accessory equipment suppliers,
as well as the end users, including project developers, operators, and
utilities. It will also be of interest to consulting companies, construction
and transportation companies, landowners, and financial and investment
institutions with a stake in the renewable energy industry. The study will
likewise be of interest to municipal, state, and national government agencies,
as well as academic institutes and non-profit organizations.
SCOPE OF REPORT
The scope of this study encompasses the global wind and wave energy markets.
Traditional hydrocarbon energy sources and tidal energy are excludedfrom the
study. BCC analyzes each market, determines its current status, examines the
impact for the future, and presents forecasts of growth over the next 5 years.
Technological issues including the latest trends are discussed. Other
influential factors such as rising energy costs, changing government
regulations, and improving efficiencies are reviewed.
BCC analyzes the industry on a global basis both from a manufacturing and
energy capacity point of view. We examine government support for renewable
energies.
METHODOLOGY AND INFORMATION SOURCES
Both primary and secondary research methods were used in our examination of
the wind and wave energy market.
BCC surveyed numerous companies, consultants, entrepreneurs, industry
consortium, and members of the legal community to obtain data and background
information for this study. A partial list included were manufacturers of
large wind turbines, founders of wave technology companies, wind project
developers, utility executives, lawyers in the green space, and venture
capitalists. In addition, we compiled data from financial and trade
information, government sources and technical societies, and online news
services.
ANALYST CREDENTIALS
The author, Marianne D' Aquila, is the founder and a strategic analyst for
Information Resources, LLC (www.informationres.com), a global market research
and intelligence firm.
Prior to starting Information Resources, Marianne worked at the Venture
Development Corp., where she held the position of Market Research Analyst and
Strategist. She was responsible for providing market data and competitive
intelligence to Fortune 100 clients, producing proprietary market research
studies, publishing white papers, and authoring numerous articles to
technology journals.
Previously, Marianne held the position of Tactical/Product Marketing Manager
at IBM' s Microelectronics Division, Product Manager at Raytheon RF Components
Commercial Electronics, and Project Manager/Process Engineer at Standard
Microsystems Corp. Marianne graduated with an MBA from Babson College and a BS
in Engineering from Stony Brook University.
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DISCLAIMER
The information developed in this report is intended to be as reliable as
possible at the time of publication and of a professional nature. This
information does not constitute managerial, legal, or accounting advice; nor
should it serve as a corporate policy guide, laboratory manual, or an
endorsement of any product, as much of the information is of a speculative in
nature. The author assumes no responsibility for any loss or damage that might
result from reliance on the reported information or from its use.
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