Lubricants consumption in wind turbines market set for strong growth

摘要

Global installed wind capacity has grown at an average annual rate of nearly 27% over the last 10 years, according to the recently published report by consulting and research firm, Kline & Company. However, going forward,economic and technical challenges may temper this growth, the report states. In reaction to environmental initiatives like energy sourcing from renewable means, wind energy has enjoyed support from many governments through tax holidays, mandatory usage requirements, pricing support, and other subsidies, allowing the industry to grow exponentially. However, given near universal cost-curbing measures, these subsidies may be targeted for cost-saving strategies, and any cut to the support for the wind energy industry may result in declining growth rates, says the Kline report.