NetComposites
Attwater

Composite Insights Release Indian Wind Energy Composites Industry 2013-2018 Report

28 May 2013

The report says that consumption of composite materials in the Indian wind energy industry is forecasted to grow 12.8% per year between 2013 and 2018.

Composite Insights believes there is an enormous opportunity for raw materials used in the fabrication of fibre-reinforced plastics (FRP) products in Indian Wind Energy Industry as the demand for composite materials in the Indian wind energy industry has continued its growth momentum till 2011. However, in 2012, the industry was affected by the withdrawal of two key incentives by the government-accelerated depreciation and generation-based incentive.

Between 2007 and 2012 around 11,931 MW of new wind capacity was installed. Composite Insights forecast that during the next six years period around 22,053 MW of new wind capacity will be installed, representing a 85% growth. It is estimated that around US$805 million worth of composite materials were used between 2007 and 2012. Followed by growth of new capacity, during the next six years the consumption of composite materials is expected to grow 96% to US$1,576.

The company say that the research report “Indian Wind Energy Composites Industry 2013-2018: Trend, Forecast and Opportunity Analysis” highlights the opportunities for composite materials in Indian Wind Energy Industry; provides current and future demand for various raw materials.






Related / You might like...

Scigrip Appoints Biesterfeld Distributor to French Markets

Scigrip has expanded its agreement with Biesterfeld Spezialchemie to include France and the French territories in Northern Africa, with immediate effect.

EconCore Presents Developments in Thermoplastic Honeycomb Core Technology

EconCore will unveil the latest developments in its thermoplastic honeycomb core production technology at NPE2018 on 7-11 May in Orlando, Florida, US.

Advanced Engineering Celebrates 10 Years with a Bigger Show and More Industries Covered

Advanced Engineering 2018, the UK exhibition for advanced engineering professionals, is celebrating its 10th birthday by being bigger and better than ever, according to show organiser Easyfairs.