Christy Publications Smart Wind Market | Page 3

expenditure for enabling the energy storage such as pumped hydro or batteries will present considerable growth challenge to the overall industry growth. Moreover, bird mortality rates owing to collisions to these turbines has witnessed significant increase over the past few years. According to American Bird Conservancy, annual estimated loss of birds in 2012 was around 573,000. If the dependence on these sources were to increase up to 35%, the bird fatality rates could reach as high 5 million annually. Thus, threats to the wildlife is expected to remain a major concern. U.S. was the leading producer of the energy through these sources, is anticipated to continue its dominance in the smart wind market. According to Wind Vision Report in 2015, by Department Of Energy in the U.S., projections of 20% of the required energy generation through its wind sources by 2030, and is expected to surge to 35% by 2050. In conjunction with U.S. as the most lucrative region, increased demands in Europe and Asia Pacific will also provide solid growth platform to the smart wind market. Industry participants include Xcel Energy, GE Power, National Center for Atmospheric Research, Omniflow, GaN Systems, Nextek Power Systems, and Nebula Energy. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action- ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: [email protected]