ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report analysing the global wind power market.

The publication Wind Power in the U.S. and the World, reports that companies involved in the manufacturing and distribution of products related to wind energy are anticipating a successful year for 2009 as a new base of customers inherit the wind as their primary source of energy.

Furthermore newly elected President Obama said he would invest $15 billion a year in renewable energy sources to create five million new energy jobs through 2018. He also stated that he would emphasise a program to spend $150 billion over ten years to develop renewable energy sources, like wind, and to encourage energy conservation.

The report estimates that the total wind energy market in the U.S. is valued at $151.3 billion. It expanded rapidly in 2008 fuelled by three key market drivers:

*Sky-rocketing fossil fuel and oil prices for commercial and home heating
*Long-term demand for renewable energy sources domestically
*Improvements in technology that streamlines the manufacturing of wind turbines, especially for larger machines required for offshore wind farm initiatives
*Positive employment outlook in turbine manufacturing sector

The 155 page report covers shipments, imports and exports, as well as the economic and market trends driving the wind power industry.  It identifies key market trends and dynamics, and profiles major market players, outlining their strategies to maximise growth and profitability.

Wind Power in the U.S. and the World

ReportBuyer Product ID: SBI00044
reportBuyer Product category: Energy and Utilities