European countries are the leaders in adapting this technology and have led the EMEA region in producing the highest number of wind turbines. The APAC region is rapidly growing giving European countries stiff competition.
This technology’s ability to increase grid efficiency is a key driver for the market. However the high cost of power electronic components is a challenge to market growth.
TechNavio’s Global Power Electronics in Wind Turbine System 2010-2014 report has been prepared based on an in-depth study of the market along with inputs from industry experts.
The report contains market and vendor landscape supported by drivers, restraints and trends.
The report covers the power electronics in wind turbine systems market at a global level. It also profiles leading vendors in this market.
IT and Telecom Equipment Move towards Greener Future
Environmental awareness has increased among IT and Telecom equipment companies due to the substantial e-waste generated by these two industries.
In the Telecom industry, the concept of recyclable Green Mobiles has been slowly catching up. Green mobiles are manufactured using recycled and biodegradable materials that reduce the overall carbon impact. The global recycled mobile market is expected to reach $5,240.2 million by the end of 2011. With the explosive growth of the mobile market, various governments have also begun encouraging the adoption of green mobiles. Mobile vendors such as Samsung and Nokia are also encouraging the trend of recycling mobiles. The IT industry too has been adopting measures to recycle most of its components and reduce dumping of e-waste in landfills. Government regulations such as WEEE (Waste Electrical and Electronic Equipment) and RoHS (Restriction of the Use of Certain Hazardous Substances in Electrical and Electronic Equipment) are being adopted by companies to promote recycling. Approximately 98.9 percent of components of IT equipment can be either recycled or reused. Key trends in the market:
* Organic printed solar cells have been witnessing increased adoption
* China is leading the APAC region in terms of green funds allocation
* Increase in use of smart water meters to compute water consumption in developed markets
* Around 80 percent of e-waste generated is from developed countries