Freedonia In The News
Article Title: China's Demand for Wind Turbines Will Increase 5.3% Annually
Publication: Industry Week, 1/19/2010
Freedonia Study: Wind Turbine Systems in China (2576)
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In 2013 the annual market for wind turbine systems in China is forecasted to be 62.3 billion yuan (US$9 billion). This annual increase of 5.3% will be driven by a variety of factors, primary among them government policies that encourage the use of renewable and nonpolluting electric power sources such as wind, according to a new report from The Freedonia Group, Inc., a Cleveland-based industry research firm. Such policies include favorable pricing of wind power generated from wind farms, tax incentives and subsidies.
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