Global Vertical Axis Wind Turbine Market Growth 2023-2029

Global Vertical Axis Wind Turbine Market Growth 2023-2029

Vertical-axis wind turbines (VAWTs) are a type of wind turbine where the main rotor shaft is set vertically and the main components are located at the base of the turbine. This arrangement allows the generator and gearbox to be located close to the ground, facilitating service and repair. VAWTs do not need to be pointed into the wind, which removes the need for wind-sensing and orientation mechanisms. Vertical axis wind turbines offer several potential advantages over the standard horizontal axis wind turbines which are now in common use worldwide.

LPI (LP Information)' newest research report, the “Vertical Axis Wind Turbine Industry Forecast” looks at past sales and reviews total world Vertical Axis Wind Turbine sales in 2022, providing a comprehensive analysis by region and market sector of projected Vertical Axis Wind Turbine sales for 2023 through 2029. With Vertical Axis Wind Turbine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vertical Axis Wind Turbine industry.

This Insight Report provides a comprehensive analysis of the global Vertical Axis Wind Turbine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vertical Axis Wind Turbine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Vertical Axis Wind Turbine market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vertical Axis Wind Turbine and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vertical Axis Wind Turbine.

The global Vertical Axis Wind Turbine market size is projected to grow from US$ 14700 million in 2022 to US$ 19960 million in 2029; it is expected to grow at a CAGR of 19960 from 2023 to 2029.

Global Vertical Axis Wind Turbine key players include Helix Wind, SAW, Wind Harvest, Astralux, Kliux Energies, etc. Global top five manufacturers hold a share over 25%.

Europe is the largest market, with a share about 40%, followed by Americas and Asia, both have a share over 55%.

In terms of product, Darrieus is the largest segment, with a share over 80%. And in terms of application, the largest application is Rural, followed by Urban, Sea, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Vertical Axis Wind Turbine market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Darrieus

Savonius

Segmentation by application

Urban

Rural

Sea

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Helix Wind

Wind Harvest

Astralux

Kliux Energies

Sycamore Energy

Ropatec

Arborwind

Quietrevolution

Turbine

Luethi Enterprises

Aeolos

Oy Windside Production

Eastern Wind Power

Windspire Energy

SAW

Ningbo Fengshen

MUCE

Key Questions Addressed in this Report

What is the 10-year outlook for the global Vertical Axis Wind Turbine market?

What factors are driving Vertical Axis Wind Turbine market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Vertical Axis Wind Turbine market opportunities vary by end market size?

How does Vertical Axis Wind Turbine break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.