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Wind Turbine Lighting Market Size, Share & Industry Analysis, By Type (Horizontal Axis Wind Turbine, Vertical Axis Wind Turbine), By Application (Offshore, Onshore) And Regional Forecast 2022-2029

Region : Global | Report ID: FBI105825 | Status : Ongoing

 

KEY MARKET INSIGHTS

The lighting concept for wind turbine farms comprises the use of red, simultaneously flashing lights positioned on the outer perimeter of the wind turbine farm, each spaced not more than one-half statute mile from each other and consist of one fixture per turbine. Flashing warning lights on the turbine are majorly used for the benefit of aircraft flying at night. The lights can vary from incandescent to Lead-based units. The light features a compact flash head to reduce wind load on firm obstructions such as wind turbines, bridges, and towers. Operating at just 20W, the series of lights offers the lowest power consumption to save energy and reduce operating costs.


Based on type, the market is segmented into horizontal and vertical axis wind turbines. Horizontal axis wind turbines are the most commonly used wind machine design. They utilize aerodynamic blades fitted to a rotor, which can be positioned either upwind or downwind. These turbines can collect the maximum amount of wind energy, and their blades can be adjusted to avoid high wind storms. Owing to the height of the rotors, horizontal axis wind turbines can receive wind with greater speed. Hence they are more likely to operate at higher wind speed and give optimal performance. However, in vertical axis wind turbines, the main rotor shaft is set transverse to the wind, and the main components are located at the base of the turbine. They produce less power as compared to horizontal turbines but are suitable for compact space.


Based on the application, the market is segmented into offshore and onshore segments. Offshore wind power is the use of wind farms constructed in bodies of water, usually in the ocean, to harvest wind power to generate electricity. Higher wind speeds are available offshore, so offshore wind power’s electricity generation is more elevated. At the end of 2020, the total worldwide offshore wind power capacity was 34.4 gigawatt. On the other side, onshore wind power is comparatively cheap and quick to install compared to offshore wind power.


The major market driver for the wind turbine lighting market is the constantly increasing power demand from across the fast industrializing countries such as India, China, U.K., and Brazil. Expanding the global population can boost the market’s growth. In addition, the eventual depletion of fossil fuels also acts as a key driver for the market.


The factor that is expected to inhibit the growth of the market is the cost of installation of wind farms. Unpredictable weather conditions hamper the development of the market. The high maintenance costs of the equipment may alter the market growth. In addition, wind turbines create a lot of noise, and aesthetic pollution is another growth hindering factor.


Key Market Driver -

Constantly increasing power demand

Key Market Restraint -

High cost of installation


Key Players Covered:


Some of the major companies that are present in the wind turbine lighting market are TWR Lighting, Inc., Drake Lighting, Weidmuller, International Tower Lighting, LLC, Technostrobe, Flash Technology, Orga BV, Avlite Systems, and TERMA Group.


Regional Analysis:


The global wind turbine lighting market has been studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is one of the largest wind power markets in the world, with leading wind installation countries, such as China, India, and Australia. China leads the wind power market growth both in terms of power generation and consumption. The Chinese wind power market is largely dominated by its onshore segment, which has an installed capacity of 23.76 GW as of 2020. The Chinese wind power market is largely comprised of Chinese manufacturers i.e. Goldwind, followed by Envision and Mingyang. Other leading countries in the region include India, which mainly focuses on its increasing offshore developments. The Indian Government has set a target of 60GW by 2022. To achieve the target, the number of projects is expected to increase drastically, thus, driving the demand for wind power in the country.


North America is another major and the most competitive region for the global wind power market. The growth is due to an increase in domestic system production. Emergent trends in economies like South Africa, Brazil, etc., offer strong growth opportunities for the wind power market growth. As these countries have high development graphs, the energy demand is also expected to grow in the region, and clean energy is one of the major components of such demand.


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Segmentation






















  ATTRIBUTE


  DETAILS

By Type




  • Horizontal Axis Wind Turbine

  • Vertical Axis Wind Turbine



By Application




  • Offshore

  • Onshore



By Geography




  • North America (the U.S. and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)



Key Industry Developments



  • In April 2021, GE Renewable Energy aid they will supply 42 onshore wind turbines with 110 MW capacity to renewable energy firm, CleanMax. The turbibes will be for CleanMax’s three wind hybrid projects that would help meet the electricity demands of various industrial companies in the area.

  • In April 2021,  Facebook has signed a deal to buy renewable energy in India from a local firm's wind power project. The 32 megawatt wind power project, located in southern Karnataka state, is part of a larger portfolio of wind and solar projects that Facebook and CleanMax will work together.


  • Ongoing
  • 2021
  • 2018-2020

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