Horizontal-Axis Wind Turbine Market Size, Share & Industry Analysis, By Type (Small , Large ), By Operation (Upwind, Downwind), By Application (Onshore, Offshore) And Regional Forecast, 2024-2032

A horizontal-axis wind turbine's axis of the rotor's rotation is parallel to the wind and the ground. These turbines consist of an electrical generator and the main rotor shaft on top of the tower. Horizontal-axis wind turbines extract energy from the wind for electricity generation. These turbines usually have two or three blades with a propeller rotor on the horizontal axis. The rotation of these blades generates energy. 

The horizontal-axis wind turbine market can be classified into upwind and downwind based on the operation. The upwind segment is the dominant segment in the market. The upwind designs have the rotor facing the wind. The main advantage of upwind methods is that the wind shade behind the tower can be avoided, leading to increased output. These factors will help the upwind segment grow during the forecast period.

The horizontal-axis wind turbine market can be classified into onshore and offshore based on application. The onshore segment is dominating the market at present. But the offshore segment is expected to be the segment with the highest growth during the forecast period. New avenues are being explored in the offshore segment. The innovations in the field of technology and equipment will lead the offshore segment during the forecast period.

The horizontal-axis wind turbine market is segmented into small and large based on types. The large-scale segment is estimated to dominate the market during the forecast period. Large scale horizontal-axis wind turbines are usually installed in large-scale wind farms for projects or plants. They are suitable for mass electricity production. These factors will drive the large type segment further during the forecast period.

The horizontal-axis wind turbine market is expected to grow due to the rapid development of renewable energy during the forecast period. The increase in new projects for renewable energy is likely to contribute to the market's growth. In addition, the growing number of applications of ren-en in household environments is driving the global horizontal-axis wind turbine market. These factors will influence the positive growth of the horizontal-axis wind turbine during the forecast period.

The horizontal-axis wind turbine market will be affected by the lack of functioning of the turbines. The high cost of an installment may also act as a constraint. Demand during the forecast period will also suffer due to the tendency of horizontal-axis wind turbines to get misaligned and not function properly. These factors will stagnate the horizontal-axis wind turbine market.

Key Market Driver -

Development of renewable energy sources to enhance opportunities.

Key Market Restraint -

Misalignment and improper functioning leads to stagnate market

Key Players Covered:

Some major companies in the horizontal-axis wind turbine market are Northern Power Systems, WES Wind Energy Solutions, Kingspan Global, Shanghai GHREPOWER Green Energy Co., Ltd., Endurance Wind Power Inc, Fortis windenergy, WinPower SA, Nanjing Oulu Electric Corp., Ltd, Bergey Windpower Co. Inc., Polaris, BRITWIND LIMITED, HY-Energy Systems Inc., and XZERES Corp.

Regional Analysis:

The horizontal-axis wind turbine market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America has the dominant market share at the moment. Europe is another significant player in the market. The wind energy market of Europe is expanding and is expected to keep growing every year. This is expected to provide a good demand during the forecast period.

Europe and Asia-Pacific are expected to be the most profitable regions during the forecast period. There has been a rise in wind turbine installations in the areas. In addition, several countries in the Asia-Pacific are building new renewable energy projects. The market is expected to flourish in the regions owing to these factors.

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Segmentation

Key Industry Developments

• Halo-6.0, launched in 2019, is a micro wind turbine are made of only two moving parts, including a shroud that is around 12 feet in diameter. The 6-kW Halo turbine is based on jet engine. This substantially increases the efficiency of the turbine.


• In January 2021, the Intergrid inverter, manufactured by Matric Limited of Seneca delivered an interconnection-code-compliant inverter designed for use with wind technology that is compatible with other distributed energy technologies.