Airborne Wind Turbine Market Size, Share & Industry Analysis, By Turbine Power (Small Turbine, Large Turbine), By Application (Offshore, Onshore) And Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
An airborne wind turbine is a conceptual design for wind turbines that has rotor support at high altitudes which results in higher velocity and persistence in wind energy while avoiding the expenses of tower construction. Wind turbines harness wind power and turn it into an energy form. The production of renewable energy is growing at a substantial amount by wind energy and has witnessed steady market growth owing to the need for renewable energy sources and the replacement of conventional sources.
Based on the turbine power, the market is segmented into a small turbine and a large turbine. The low turbine type is anticipated to dominate the most significant market segment owing to its wide application in wind turbine and reliability of power supply which generates 2.53 – 3 MV power which drives the low turbine power segment.
Based on the location, the market is segmented into offshore and onshore locations. The offshore location of airborne wind turbine has emerged as one of the most valued resources for renewable energy owing to the installation placed out of the sights which allows the larger wind turbine to be built. Other than that, Offshore wind turbines are having more consistency to generate hundreds of megawatt energy due to higher and more consistent wind speeds. Based on this factor, the offshore wind turbine location is anticipated to dominate the market segment.
One of the major drivers for the global airborne wind turbine market is the growing demand from alternative sources which has aroused investments in clean and sustainable energy. The energy generated by the wind turbine accounts for half of the energy produced in alternative energy which acts as a significant factor for the airborne wind turbine market.
The initial location of the airborne wind turbine is at a high altitude where the risk of collisions may occur and is expected to restrain the airborne wind turbine power market.
Key Market Driver -
The rise in investments from alternative sources for clean and sustainable energy
Key Market Restraint -
The variability in wind power and risk of collisions
Key players covered:
Some of the major companies present in the global airborne wind turbine market are Vestas Wind Systems, KiteGen Research, Kitenergy, SkySails Power, TwingTec, TU Delft, Ampyx Power, EnerKite, and Windlift.
Regional analysis:
The airborne wind turbine market has been studied across North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. The Asia-Pacific is anticipated to dominate the market owing to higher production rates of wind energy and is a promising region for both productions as well as the generation for the wind energy equipment by which it acts as the major regional spot for wind power equipment. Following Asia-Pacific, North America and Europe are focusing on adopting cleaner energy sources. The government implemented stringent laws to reduce emissions & is more focused on renewable energy projects and energy-efficient sectors. Based on these factors, the airborne wind turbine market is anticipated to grow during the forecast period.
Latin American airborne wind turbine market is anticipated to grow due to the electricity sector concreting more on wind turbine manufacturers to deliver high-quality wind turbines. This has diversified the generation of lower cost of wind power through local manufacturing. In the Middle East and Africa, the expenditure on renewable energy infrastructure and lower price for wind energy production may lead to the adoption of the airborne wind turbine, and countries are focusing on alternate clean sources of power drives the demand for airborne wind power equipment.
To gain extensive insights into the market, Request for Customization
Segmentation
ATTRIBUTE | DETAILS |
By Turbine Power |
|
By Application |
|
By Geography |
|
Key Industry Developments
- On 27 January 2021, Skysails Power has signed a collaboration with REW Renewables for Kite Power Generator. The companies plan to fly a 120-meter sq. kite to a height of approximately 400m where electricity will be produced with the build-in generator from rotational energy.
- On 27 February 2020, Kitemill has acquired Kite Power Systems (KPS) property assets. This acquisition will lead to in continuing development of the first airborne wind in Norway.
- Ongoing
- 2023
- 2019-2022
-
Get in Touch with Us
-
US +1 833 909 2966 ( Toll Free )
-
