Growing energy demand to increase India's wind turbine market

THE new Technavio report indicates that India is the fourth largest energy consumer in the world, driven by its increasing population, rapidly growing economy, and improving standard of living. Hence, energy security is important for maintaining substantial economic growth.

“India is diversifying its fuel mix and increasing the share of renewable energy, with wind power generation potential being the highest. Such strong wind resource potential and the high demand for energy will enhance the growth of the wind turbine market in India,” says Faisal Ghaus, Vice President of Technavio.

“The increased number of wind power projects has increased job opportunities in work areas such as metal works, shipbuilding, civil works, and electrical manufacturing,” adds Ghaus.