"Actionable Insights to Fuel Your Growth"
Having its major components at the base of the turbine, a vertical axis wind turbine has its main rotor shaft in the transverse direction to the wind. This design helps in easy repairs and maintenance schedules for the generator and gearbox located close to the ground. Looking at their advantages, vertical axis wind turbines remove the need for wind sensing and orientation mechanisms and also perform better than horizontal axis wind turbines in gusty and turbulent winds. With the inclination towards renewable sources of energy in recent years, the global market is expected to rise in every region.
On the basis of its types, the global vertical axis wind turbine market can be segmented into darrieus and savonius model. Based on the preference given by companies darieus types of wind turbines are expected to dominate the market in the given forecast period. Based on its application the global vertical axis wind turbine market can be segmented into residential, commercial & industrial, fishery and recreational boats, hybrid boats and others. Majorly being deployed for power generation residential, and commercial & industrial segments are anticipated to have a healthy growth rate in the coming years.
Key Market Driver -
Growing adoption of renewables for power generation
Key Market Restraint -
Adoption of other renewables sources can hinder the market growth
The growing need to curb carbon emissions has compelled nations around the globe to switch to cleaner sources for power generation. This ever-increasing adoption of renewables will fuel the growth of vertical axis wind turbines in the coming years. Also, the other advantages of vertical axis wind turbines like low cost of wind energy, low turbine center of gravity, reduced machine complexity, and better scalability to substantial sizes will add up to its growth.
Key market restraint for the global vertical axis wind turbine market is the increased preference given to other renewable sources of energy such as solar. Also, the vast capital required can act as a barrier and can hinder the market growth of vertical axis wind turbines.
Key players operating in the global vertical axis wind turbine market are Helix Wind, UGE, Bergey Windpower Co. Inc., Wind Harvest International, Astralux Ltd, Kliux Energies, Ropatec, ArborWind, Windspire Energy, Aeolos Wind Energy Ltd, Eastern Wind Power, Inc., Northern Power Systems, Shanghai GHREPOWER Green Energy Co., Ltd., and XZERES Wind Corp.
To gain extensive insights into the market, Request for Customization
The global vertical axis wind turbine market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific currently dominates the market with a huge number of projects being carried out. China and India are among the leading nations in the region, with supportive policies from governments for wind power installations. North America and Europe also hold a significant market share owing to the technological advancements and increasing green energy targets being looked upon by countries to be achieved in the coming years. The Middle East and Africa also have witnessed some major rollouts for wind power in recent years that act as an opportunity for market growth. Latin America will also witness a healthy growth in the market with Brazil, Mexico being the major contributors.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry