What is Airborne Wind Turbines Market?
Airborne wind turbines are types of wind turbines with rotors supported in air without towers. In airborne wind energy, the turbine is mounted on a flying wing or wings attached to the ground by a tether with the generators. Airborne wind turbines are becoming popular due to its less maintenance cost and can generate a huge amount of energy compared to conventional wind turbines. Further, the robust growth of the offshore wind energy sector across the globe to meet the increased global energy demand will boost the adoption of airborne wind turbines for offshore applications.
Highlights from Airborne Wind Turbines Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | General Electric (United States), Altaeros (United States), Brainwhere (Switzerland), Ampyx Power (Netherlands), MZA Associates Corporation (United States), Enerkite (Germany), eWind Solutions Inc. (United States), Windlift (United States), Kitemill (Norway), SkySails Power (Germany), Skypull (Switzerland) and Joby Energy (United States) |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Airborne Wind Turbines market throughout the forecasted period.
General Electric (United States), Altaeros (United States), Brainwhere (Switzerland), Ampyx Power (Netherlands), MZA Associates Corporation (United States), Enerkite (Germany), eWind Solutions Inc. (United States), Windlift (United States), Kitemill (Norway), SkySails Power (Germany), Skypull (Switzerland) and Joby Energy (United States) are some of the key players profiled in the study. Airborne Wind Turbines Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Onshore Wind Energy and Offshore Wind Energy |
Type | Small Wind Turbines and Large Wing Turbines |
Technology | Flying Blades,Wings Attached To The Ground |
Material | Aluminum,Glass Fiber Reinforced Plastics,Carbon Fiber |
On the basis of geography, the market of Airborne Wind Turbines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Carbon Fiber Material and Development of Lightweight Airborne Wind Turbines
Market Growth Drivers:
Increased Adoption of Next-Generation Technologies to Produce Energy from Renewable Sources, Significant Growth of Renewable Energy Sector and Expansion of Wind Energy Due to Low Maintenance Cost Compared to Others and Preference Towards the Offshore Wind Energy to Produce the Huge Amount of Energy
Challenges:
Disadvantages Associated with Larger Diameters of Conductive Tethers May Limit the Adoption
Restraints:
Less Acceptance of Airborne Wind Energy Due to High Cost and Retraction During Bad Weather May Hamper the Growth
Opportunities:
Inclination Towards the Large Airborne Wind Turbines for Producing a Large Amount of Electricity, Growing Popularity of Airborne Wind Energy for Mountainous and Remote Locations and Huge Investment by the Government and Favorable Policies to Boost the Adoption of Renewable Energy Sources for Generating Electricity
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Airborne Wind Turbines Manufacturers, Airborne Wind Turbines Suppliers & Distributors, Venture Capitalists and Private Equity Firms, Government Bodies and Research Organizations, End-Users and Others