PUBLISHER: Value Market Research | PRODUCT CODE: 1547492
PUBLISHER: Value Market Research | PRODUCT CODE: 1547492
The global demand for Vertical Axis Wind Turbine Market is presumed to reach the market size of nearly USD 29.29 Billion by 2032 from USD 19.3 Billion in 2023 with a CAGR of 4.74% under the study period 2024-2032.
Vertical axis wind turbine (VAWT) is a power-generating mechanism where the rotors turn around a shaft that is positioned vertically, and the blades are also vertically oriented. The generator and gearbox are placed at the bottom of the turbine, and this makes repair and maintenance work easier. It generates electricity by using wind energy, just as in horizontal axis wind turbines. The main advantage of VAWT is that the turbine need not face the wind in order to work, and this is particularly useful in areas where the direction of wind often varies. Vertical axis wind turbine is a source of renewable energy.
The key driving factor that contributes to vertical axis wind turbine market growth is the increasing need to use renewable sources of energy worldwide as it is environment friendly. The fact that wind energy is used as an alternative source of power when grid electricity is not available also accelerates VAWT market growth. Apart from this, an upsurge in research and development activities to make it even better is another factor that boosts demand for vertical axis wind turbine. Furthermore, there is an increasing demand for VAWT because of reduced installation cost owing to some technological advancement in this field. However, some VAWT designs may generate pulsating torque restricting its market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Vertical Axis Wind Turbine. The growth and trends of Vertical Axis Wind Turbine industry provide a holistic approach to this study.
This section of the Vertical Axis Wind Turbine market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Vertical Axis Wind Turbine market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Vertical Axis Wind Turbine market include UGE, Helix Wind, Sycamore Energy, Kliux Energies, Astralux, Wind Harvest, Eastern Wind Power, Windspire Energy, Envergate Energy, V-Air Wind Technologies, SAWT, Aeolos. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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