Market Analysis - Windenergy 2019
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The Global Renewable Energy Market was valued at $ 1,405,646 million in 2016, and is projected to reach at $2,152,903 million by 2025, growing at a CAGR of 4.9% from 2017 to 2025. In recent years, the share of renewable energy in the global energy mix is on a continuous rise. Renewable energy is generated from natural processes that are constantly replenished, including sunlight, geothermal heat, water, wind, tides, and various forms of biomass. Many nations across the globe have started using renewable energy for power production, owing to rise in the environmental issues such as climatic changes and depleting ozone layer.
Ever-increasing demand for energy and continuous decrease of non-renewable sources of energy, such as petroleum, coal, and natural, drive the renewable energy market. Furthermore, increase in awareness about environmental safety & security and government initiatives has fueled the market growth. High cost of investment for the infrastructural setup restrains the market growth. However, increased government funding and development in the technologies present new opportunities for future growth.
A bright future for renewables to 2022, solar PV entering a new era
This record performance in 2016 forms the bedrock of the IEA’s electricity forecast, which sees continued strong growth through 2022, with renewable electricity capacity forecast to expand by over 920 GW, an increase of 43%. This year’s renewable forecast is 12% higher than last year, thanks mostly to solar PV upward revisions in China and India.
Solar PV is entering a new era. For the next five years, solar PV represents the largest annual capacity additions for renewables, well above wind and hydro. This marks a turning point and underpins our more optimistic solar PV forecast which is revised up by over one-third compared to last year’s report. This revision is driven by continuous technology cost reductions and unprecedented market dynamics in China as a consequence of policy changes.
Under an accelerated case – where government policy lifts barriers to growth – IEA analysis finds that renewable capacity growth could be boosted by another 30%, totalling an extra 1,150 GW by 2022 led by China.
Solar PV and wind capacity in China could by then reach twice the total power capacity of Japan today.
Conference Series warmly invites all the participants from all over the world to attend the “3rdWorld Congress and Exhibition on Wind & Renewable Energy” (Wind Energy 2019) at Barcelona, U.K during June 10-11, 2019 with the theme of "Power generation and Environmental Protection".
Wind energy is haul out from air flow using wind turbines to create electrical power. Wind energy as an alternative to fossil fuels, is abundant, renewable, widely distributed, clean, produces no greenhouse gas creations during operation and uses little land. The effects on the environment are usually less problematic than those from other power sources. Wind Energy 2019 is all about Planning, Operating, Grid integration, Aero dynamic noise cancellation, Urban wind Energy promotion, and upcoming prospects of wind & Renewable energy. Wind Energy 2019 will also include advancing international knowledge transfer in ice observing and early protections, challenges and case studies of wind energy. Wind Energy 2019 gets together experts, researchers, scholars and students from all areas of Wind Engineering, Electrical, Electronics Engineering, Control Engineering and other related areas, wind energy associations, creating Plant professionals, Developers, Wind turbine manufacturers.
Renewable energy is usually defined as energy that is composed from resources which are naturally refilled on a human timescale, such as sunlight, wind, rain, tides, waves, and geothermal heat. Renewable energy frequently provides energy in four important areas: electricity generation, air and water heating/cooling, transportation, and rural (off-grid) energy services. Sustainable energy is energy gained from non-exhaustible resources. By definition, sustainable energy serves the needs of the present without co-operating the ability of future generations to meet their requirements.
Conference Series Arranges 300+ Conferences Every Year across USA, Europe & Asia with support from 1000 more scientific societies and Publishes 400+ Open access journals which contains over 30000 eminent personalities, reputed scientists as editorial board members.
The global wind energy market was worth $130 billion in 2013 and $165.5 billion in 2014. The market is estimated to grow at a compound annual growth rate (CAGR) of 7.2% between 2015 and 2020 resulting in $176.2 billion in 2015 and $250 billion in 2020. The power sector is responsible for more than 40% of all carbon dioxide radiations from burning fossil fuels, and about 25% of our total greenhouse gas radiations. If we are going to make significant emission drops in the near to medium term, then we have to look at the power sector. In the period out to 2020, we don’t have excessively many selections.
Renewable energy commercialization includes the deployment of three generations of renewable energy skills dating back more than 100 years. First-generation tools, which are already mature and economically competitive, include biomass, hydroelectricity, geothermal power and heat. Second-generation tools are market-ready and are being organized at the present time; they include solar heating, photo voltaic, wind power, solar thermal power stations, and modern forms of bioenergy. Third-generation tools require continued R&D efforts in order to make large assistances on a global scale and include advanced biomass gasification, hot-dry-rock geothermal power, and ocean energy. As of 2012, renewable energy accounts for about half of new nameplate electrical capacity fixed and costs are continuing to fall.
Engineers who are dedicated on the specific fields like Electrical & Electronics Engineers, Mechanical Engineers, and Civil Engineering. Renewable Energy experts, Wind Turbine Producers, Environmental Engineers, Wind Turbine blade originators who are related to those topics. Wind Power Industries, Renewable Energy Industries, Software Publishing Houses focusing in Turbine Design software’s are the Prospective Exhibitors for the Respective Conferences. The European Wind Energy Association, World Wind Energy Association, American Wind Energy Association, Renewable Energy engineering institutes. Students and Delegates.
Scope and Importance:
Today, a fifth of the world’s electricity is produced by renewable energy. In 2016, there were 160GW of clean energy installations globally. This is 10% more than in 2015, but they cost almost a quarter less. New solar power gave the biggest boost, providing half of all new capacity, followed by wind power, which provided a third, and hydropower, which gave 15%. It was the first year in history that added solar capacity outstripped any other electricity-producing technology. Several countries have set steep capacity installation targets over the next 10 to 15 years, following COP21. Emerging giants such as China and India, aware of the excessive levels of pollution in many of their key cities, are leading this charge. Despite the US withdrawal, the targets in the Paris Agreement are still expected to be key drivers for future sector growth. The applications and use cases of renewable energy have broadened. Alongside electricity production, it is providing new solutions for mobility and energy security worldwide. The electric vehicle market is growing rapidly, with China leading the way, and European and American markets following suit. Countries like India are already targeting complete electrification of its vehicular fleet by 2030. The affordability and widespread use of electric vehicles is being driven in part by falling battery costs. These enable further energy stability solutions, including wind-solar hybrid generation, grid management using utility scale batteries, and plausible alternative power storage options such as pumped hydro or a gas grid to create an adequate balancing mechanism.
Why to attend?
With members from around the world concentrated on the ground of Wind Energy; this is your single best opportunity to reach the largest assembly of participants from the global energy sector Conduct demonstrations, distribute information, meet with current and potential turbines traders, make a splash with a new product line, and receive name recognition at this 2-days event. World-renowned speakers, the most recent techniques, tactics, and the newest updates in Wind energy fields are hallmarks of this conference. Conference brings together experts, researchers, scholars and students from all areas of Electrical Engineering, Electronics, Control Engineering, Mechanics and other related areas, Wind energy associations, Turbine traders, generating and planning professionals, Developers, Contractors, planning and Design, Consultancy, Turbines and controllers manufacturers.