Global Vertical-axis Wind Turbines (VAWTs) Market Growth 2024-2030

Global Vertical-axis Wind Turbines (VAWTs) Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Vertical-axis Wind Turbines (VAWTs) market size was valued at US$ 14700 million in 2023. With growing demand in downstream market, the Vertical-axis Wind Turbines (VAWTs) is forecast to a readjusted size of US$ 19960 million by 2030 with a CAGR of 4.5% during review period.

The research report highlights the growth potential of the global Vertical-axis Wind Turbines (VAWTs) market. Vertical-axis Wind Turbines (VAWTs) are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Vertical-axis Wind Turbines (VAWTs). Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Vertical-axis Wind Turbines (VAWTs) market.

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.

According to the Global Wind Report 2023 released by the Global Wind Energy Council, by 2024, the newly installed capacity of global onshore wind power will exceed 100GW for the first time; by 2025, the newly installed capacity of global offshore wind power will also reach 25GW. In the next five years, the newly added grid-connected capacity of wind power will reach 680GW. The report also shows that the United States and Europe may experience a supply bottleneck of wind turbines and components in 2025. It recommends that national policymakers take immediate action to increase investment in supply chains to meet their rapid growth in demand and avoid supply chain bottlenecks hindering the development of wind power. In addition, according to Wood Mackenzie statistics, China is the largest and fastest-growing market for wind power generation in the world, accounting for more than half of the market share. Data from the National Energy Administration of China also shows that China's installed wind power capacity ranks first in the world, with a capacity of nearly 400 million kilowatts.

Key Features:

The report on Vertical-axis Wind Turbines (VAWTs) market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Vertical-axis Wind Turbines (VAWTs) market. It may include historical data, market segmentation by Type (e.g., Darrieus, Savonius), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Vertical-axis Wind Turbines (VAWTs) market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Vertical-axis Wind Turbines (VAWTs) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Vertical-axis Wind Turbines (VAWTs) industry. This include advancements in Vertical-axis Wind Turbines (VAWTs) technology, Vertical-axis Wind Turbines (VAWTs) new entrants, Vertical-axis Wind Turbines (VAWTs) new investment, and other innovations that are shaping the future of Vertical-axis Wind Turbines (VAWTs).

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Vertical-axis Wind Turbines (VAWTs) market. It includes factors influencing customer ' purchasing decisions, preferences for Vertical-axis Wind Turbines (VAWTs) product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Vertical-axis Wind Turbines (VAWTs) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Vertical-axis Wind Turbines (VAWTs) market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Vertical-axis Wind Turbines (VAWTs) market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Vertical-axis Wind Turbines (VAWTs) industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Vertical-axis Wind Turbines (VAWTs) market.

Market Segmentation:

Vertical-axis Wind Turbines (VAWTs) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Darrieus
Savonius

Segmentation by application
Residential
Commercial and industrial
Fishery and recreational boats
Hybrid systems
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.
UGE
Helix Wind
WindHarvest
Astralux
Kliux Energies
Sycamore Energy
Ropatec
Arborwind
Quietrevolution
Turbina
Luethi Enterprises
Aeolos
Oy Windside Production
Eastern Wind Power
Windspire Energy
SAW
MUCE

Key Questions Addressed in this Report

What is the 10-year outlook for the global Vertical-axis Wind Turbines (VAWTs) market?

What factors are driving Vertical-axis Wind Turbines (VAWTs) market growth, globally and by region?

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

How do Vertical-axis Wind Turbines (VAWTs) market opportunities vary by end market size?

How does Vertical-axis Wind Turbines (VAWTs) break out type, application?

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