Latest
industry research report on: Global Airborne Wind Turbine Market |
Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, Forecasts
Global Airborne Wind Turbine
Market: Overview
In the last few years, the
demand for energy derived from alternative sources has risen
significantly as nations focus more on curbing their carbon
footprint. In response to this increasing demand for clean and
sustainable energy, wind power is gaining much significance
worldwide. Energy derived from wind currently accounts for nearly
half of the energy produced from alternative sources worldwide, and
is predicted to grow significantly during the forecast period from
2016 and 2024. The findings of Greenpeace International and the
Global Wind Energy Council (GWEC) show that wind turbines will supply
almost 12% of the global electricity by 2020.
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Several
technologies have been introduced to improve the ways in which energy
from wind is harnessed—the latest in this endeavor being airborne
wind turbines. An airborne wind turbine, as the name suggests, is a
novel design concept wherein the rotor of the wind turbine is
suspended in air without the support of a tower, leveraging
mechanical and aerodynamic benefits. This also helps curb spending on
tower construction and yaw mechanisms, or the need for slip rings.
This new design is expected to render high velocity and greater
efficiency at higher altitudes.
How
countries—both developed and developing—respond to this emerging
technology will determine the future of the global airborne wind
turbine market. The report presents insights into the various growth
drivers and restraints that will have an influence on the growth
trajectory exhibited by the airborne wind turbine market globally. It
examines the market based on factors such as the prevailing
competitiveness, the market size, lucrative regional markets, and key
segments.
Global
Airborne Wind Turbine Market: Key Opportunities and Threats
The
fluctuating prices of fuel derived from non-renewable sources,
conducive government regulations, growing demand for energy, and
utility-scale generation are the primary factors driving the market
for airborne wind turbines.
The
ever-growing consumption of electricity, especially in emerging
economies such as India, China, Brazil, and Russia has boosted the
demand for alternative sources of energy. Wind being absolutely free,
authorities are focusing extensively on putting to use the energy
derived from wind. Furthermore, wind energy technologies typically
call for low maintenance and the electricity derived is also very
cheap, once the cost of building and installing turbines is
recovered. The U.S., India, Germany, China, and Spain are among the
major countries involved in generating wind energy on a large scale.
Thus, enterprises operating in the airborne wind turbine market are
expected to find lucrative opportunities in the aforementioned
economies.
Airborne
wind turbines are portable and computer-controlled, which eliminates
the need for an onboard pilot to operate the machine. Most
importantly, no costly infrastructure, such as power stations or
electrical grids, is required for installing an airborne wind
turbine. These have been crucial factors driving the installation of
airborne wind turbines worldwide.
However,
like any other technology, airborne wind turbines also have certain
drawbacks. Harnessing wind energy from high altitudes has its own
challenges—which include unforeseen collisions—and therefore
requires automated control piloting for additional safety.
Nevertheless, with the increasing investment on R&D, efforts are
being made to design more reliable and robust airborne wind turbines.
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Global Airborne Wind Turbine
Market: Competitive Insight
In order to study the
prevailing competitiveness in the market, the report also profiles
some of the leading players operating therein such as ACCIONA S.A.,
DeWind Co., Fuhrländer AG, and others. These companies are studied
on the basis of their financial overview, strategies adopted, and
development status. An account of recent mergers and acquisitions in
the market is also included in the report.
The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
The study is a source of
reliable data on:
Market segments and
sub-segments
Market trends and dynamics
Supply and demand
Market size
Current
trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder
analysis
The regional analysis
covers:
North America (U.S. and
Canada)
Latin America (Mexico,
Brazil, Peru, Chile, and others)
Western Europe (Germany,
U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands,
Luxembourg)
Eastern Europe (Poland,
Russia)
Asia Pacific (China, India,
Japan, ASEAN, Australia and New Zealand)
Middle East and Africa
(GCC, Southern Africa, North Africa)
The report has been compiled
through extensive primary research (through interviews, surveys, and
observations of seasoned analysts) and secondary research (which
entails reputable paid sources, trade journals, and industry body
databases). The report also features a complete qualitative and
quantitative assessment by analyzing data gathered from industry
analysts and market participants across key points in the industry’s
value chain.
A separate analysis of
prevailing trends in the parent market, macro- and micro-economic
indicators, and regulations and mandates is included under the
purview of the study. By doing so, the report projects the
attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop
analysis, which includes an assessment of the parent market
Important changes in market
dynamics
Market segmentation up to
the second or third level
Historical, current, and
projected size of the market from the standpoint of both value and
volume
Reporting and evaluation of
recent industry developments
Market shares and
strategies of key players
Emerging niche segments and
regional markets
An objective assessment of
the trajectory of the market
Recommendations to
companies for strengthening their foothold in the market
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