Global Vertical Axis Wind Turbine Market 2018-2022

Overview of the global vertical axis wind turbine market

The clean energy technology is gaining popularity across the globe due to the rising focus on the reduction of carbon emissions and the positive consequences of reduced carbon emissions. The growing need to achieve social, economic, and environmental development is encouraging several economies to shift from fossil fuels and conventional sources of energy to renewable sources, such as wind and solar. This in turn, encourages these economies to increase their investments in renewable energy. Technavio’s market research report identifies the rising investments in renewable energy to be one of the primary growth drivers for the global vertical axis wind turbine market till 2022. As per the IEA, the global investments in renewable energy was over USD 300 billion in 2016. Our market research analysts predict that in terms of power generation, this market will grow at a CAGR of close to 15% by 2022.

The vertical axis wind turbine market is witnessing growth in APAC due to the rising focus on vertical wind turbine design and rising number of installation of vertical axis wind turbines in the region. Additionally, the growing need for renewable energy in APAC will further boost the growth prospects for the vertical axis wind turbine market in the region during the predicted period.

Companies covered

Characterized by the presence of several players, the vertical axis wind turbine market appears to be highly fragmented. This industry research report offers information about the competitive environment among players in this marketspace and offers an analysis of key companies and their products. Additionally, our analysts also offer information about key areas the players currently focus on and strategies they follow to sustain the competition.

This research report provides an analysis of various companies in the vertical wind turbine market including –

• ArborWind         
• Envergate Energy            
• Oy Windside Production              
• Royall Power (a company of Ark Alloy)   
• SAWT   
• V-Air Wind Technologies

Segmentation by end-user and analysis of the vertical axis wind turbine market

• Non-residential
• Residential

The vertical axis wind turbine market is witnessing growth in the non-residential segment due to the rising installation of non-residential vertical wind turbine over residential vertical wind turbine. It has been estimated that the non-residential segment will continue to be the largest end-user in the vertical wind turbine market for the next four years. 

Segmentation by product and analysis of the vertical axis wind turbine market

• Darrieus type
• Savonius type

The darrieus type segment contributed the majority of share toward the vertical axis wind turbine market during 2017 due to the rising demand for wind turbines in developing countries for the generation of electricity. The higher preference for darrieus wind turbines in comparison to savonius wind turbines is mainly due to its fast rotation speeds and are better suited for generation of electricity. This will drive the market’s growth in the darrieus type segment during the projected period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global vertical axis wind turbine market?
• What are the key market trends impacting the growth of the global vertical axis wind turbine market?
• What are the challenges to market growth?
• Who are the key vendors in the global vertical axis wind turbine market?
• What are the market opportunities and threats faced by the vendors in the global vertical axis wind turbine market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global vertical axis wind turbine market?

Technavio also offers customization on reports based on specific client requirement.